Wazua
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UNGA anyone?
Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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Nice! I am a huge Warren Buffett fan... and this is what he says: A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.
But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the “hamburgers” they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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Buffett has often said he doesn't get upset when the price of a stock he's bought goes down. If he's still convinced confident about the company's long-term prospects, he sees it as an opportunity to buy more shares at an even lower price.I remain a net buyer of Unga - If I have the cash! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Nice!
I am a huge Warren Buffett fan... and this is what he says:
A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.
But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the “hamburgers” they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices. @VVS this principle only works if the company behind the stock you are buying is sound and bound to grow earnings by innovative and competitive means these are qualifications not met by unga unfortunately Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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@guru - That is your opinion. Not mine. I do my own research. I am willing to wait. My top picks have remained the same for a long time. KK KQ KPLC Unga Williamson/Kapchorua I have no reason (at these prices) to think otherwise. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/17/2010 Posts: 116
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Unga is a low trading share. bid for lower price. I got @11.90 today. My next bid is 11.60. If you are lucky then you will get it. If price goes down then i will increse & if its go up then i will sell it.
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Unga is now offering 3 Jogoos for anybody who buys 100 shares or more... And holds for 10yrs. The shareprice will be the same as today. The Governor of Nyeri - 2017
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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I am not a good trader... I can't spot trends & have given up... Hats off to folks like @gatheuzi + @stocksmaster for the trading strategies esp @stockmaster who shares every 'real' trade with us... My style - served me well - is research as much as possible then buy what looks good... I may have missed the boat on many good ones but I can't complain about the picks/purchases since 1 Jan 2010 BUT that is irrelevant! I need to look ahead & I look at 2013... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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Wa_ithaka wrote:Unga is now offering 3 Jogoos for anybody who buys 100 shares or more...
And holds for 10yrs. The shareprice will be the same as today. LOL... At least I will not go hungry! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Looks like there will be a massacre/bloodbath once this share goes ex-div. Great for the longtermers, not so good for the short-term folk GOD BLESS YOUR LIFE
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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are they growing their business or where will the momentum for price to up come from? -maybe a general stock boom across board. And if those seaboardmanagement are still there, i dont think much will come to small shareholders- they will skimming off any added value - or were their terms changed to incentivise them to increase overall value?
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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The offer is now 4 jogoos as the price heads towards Ksh10 xd where I'll happily buy from you and you. The Governor of Nyeri - 2017
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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I dont understand, i thought the price will rally as investors are out to get in and acquire he shares before books close for the handsome dividends. With two days remaining, am not seeing a miracle here. This counters is heading towards the single digit price. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sober wrote:I dont understand, i thought the price will rally as investors are out to get in and acquire he shares before books close for the handsome dividends. With two days remaining, am not seeing a miracle here.
This counters is heading towards the single digit price. @sober why would you rush/invest in a stock that stands to lose you more in capital than what you will earn form dividends?? Unga was a value trap from when it was at 14.5  Good thing I got out while I still could.... @VVS there are stocks that trade below book value and are cheap but Unga is not one of them... I hope one day you'll see that Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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guru267 wrote:@VVS there are stocks that trade below book value and are cheap but Unga is not one of them... I hope one day you'll see that Classic Warren Buffett quote! Let me go to the AGM & see what's cutting... [I bought more KK (& waiting for KPLC) so no more cash to buy Unga or I would have bought more] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sober wrote:I dont understand, i thought the price will rally as investors are out to get in and acquire he shares before books close for the handsome dividends. With two days remaining, am not seeing a miracle here.
This counters is heading towards the single digit price. mumias, safcom, kQ. all these shares did not appreciate on the run up to book closure, even though they had decent dividends. I guess capital (gains) appreciation takes first proirity over dividends for most investors. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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alikujia wrote:are they growing their business or where will the momentum for price to up come from? -maybe a general stock boom across board. And if those seaboardmanagement are still there, i dont think much will come to small shareholders- they will skimming off any added value - or were their terms changed to incentivise them to increase overall value? The seaboard management salaries are pegged on the profitability of the company and I think their mandate was to run the company for 5years and I dont know if its last years financial report they reported the mandate which was to expire that year was renewed for another 5 years....So for the long term(5years atleast) the management of Unga is in able hands.....but my fear for this counter is that it took them more than 10yrs to pay a dividend.another thing is that their subsidiaries might be a liability given that one of its subsidiary is dormant.lastly why is seaboard unwilling to buy a controlling stake in this company. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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The ndegwas own a controlling stake. SeaBoard has 50% [need to look at the Annual Report] or so in the OPERATING SUBSIDIARY... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Rank: Chief Joined: 1/3/2007 Posts: 18,165 Location: Nairobi
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Let it fall, let it fall, let it fall  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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In order to maintain the ratios it had before the new shares the price ought to fall to 13Bob... That would be a blunder by Mr market because the new addition to the Unga family is likely to boost earnings since some of the directors and major shareholders were willing to be diluted for this cause! I had just started phasing into this stock and a drop in the price is the best thing that could happen this December!   Mark 12:29
Deuteronomy 4:16
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Wazua
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UNGA anyone?
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