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Mumias Sugar huge demand
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mawinder
#231 Posted : Thursday, August 15, 2013 1:07:16 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
guru267 wrote:
cnn wrote:
Sharp reversal,zero supply.Where have all the sellers gone to overnight?


GOK came to the rescue last night

That is not rescue if I may tell you.It is mere advice on their distributorship and the suspension is on new registrations.The registered ones will still continue to import sugar on the guise that it is enroute to Uganda and dump it in the market or underdeclare it and dump it in the market with the aid of KRA officials.The management also benefit from the distributors.
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guru267
#232 Posted : Thursday, August 15, 2013 1:22:46 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mawinder wrote:
guru267 wrote:
cnn wrote:
Sharp reversal,zero supply.Where have all the sellers gone to overnight?


GOK came to the rescue last night

That is not rescue if I may tell you.It is mere advice on their distributorship and the suspension is on new registrations.The registered ones will still continue to import sugar on the guise that it is enroute to Uganda and dump it in the market or underdeclare it and dump it in the market with the aid of KRA officials.The management also benefit from the distributors.


@mawinder the share price is disagreeing with you for now! smile
Mark 12:29
Deuteronomy 4:16
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Njung'e
#233 Posted : Thursday, August 15, 2013 2:12:18 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Mambo bado......There will be blood all over in Sept.
Nothing great was ever achieved without enthusiasm.
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mwekez@ji
#234 Posted : Thursday, August 15, 2013 2:55:24 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Njung'e wrote:
Mambo bado......There will be blood all over in Sept.


... thats on release of full year to June 2013 results #FullYearREsultsExpectations
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mwekez@ji
#235 Posted : Thursday, August 15, 2013 3:05:39 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
mawinder wrote:
guru267 wrote:
cnn wrote:
Sharp reversal,zero supply.Where have all the sellers gone to overnight?


GOK came to the rescue last night

That is not rescue if I may tell you.It is mere advice on their distributorship and the suspension is on new registrations.The registered ones will still continue to import sugar on the guise that it is enroute to Uganda and dump it in the market or underdeclare it and dump it in the market with the aid of KRA officials.The management also benefit from the distributors.


@mawinder the share price is disagreeing with you for now! smile


I find this explaining todays jump

"Mumias’ 14-day relative-strength index fell to 14.1 yesterday, the lowest since March 2009, according to data compiled by Bloomberg. A level below 30 signals to some technical analysts that the stock is oversold and set for to climb. The RSI rose to 32.9 today.
"
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murchr
#236 Posted : Thursday, August 15, 2013 4:29:14 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Mgt has alot to do here including reducing the cost of production.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Sufficiently Philanga....thropic
#237 Posted : Thursday, August 15, 2013 4:35:32 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Had agreed with some trader before market open, to sell me this stock at 3.50(a good block) then when he got the info,he took off. Im sure he's going to come looking for me later. But i'll be gone.
@SufficientlyP
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streetwise
#238 Posted : Thursday, August 15, 2013 5:41:36 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
if this share ever touches 2.00 my house is sold.
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mwekez@ji
#239 Posted : Friday, August 16, 2013 9:08:02 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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mwekez@ji
#240 Posted : Friday, August 16, 2013 9:35:26 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Local sugar sector faces tough times as Comesa deadline looms

According to report, titled The Implementation Status of the Comesa Sugar Safeguards Comesa Sugar Safeguards by the Ministry of Trade, the sugar industry may not survive in the face of a deluge of cheaper sugar imports from Comesa countries.

The Comesa safeguards ends in February 2014.
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