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Mumias Sugar huge demand
Metasploit
#461 Posted : Friday, January 31, 2014 1:23:59 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Did the guy bottomed ? was the volume spike an accumulation ?

Further downward movement stopped.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
hisah
#462 Posted : Friday, January 31, 2014 1:54:45 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
Did the guy bottomed ? was the volume spike an accumulation ?

Further downward movement stopped.

Give it a few weeks. But don't pick the bottom. Let the trend form. But yesterday's close was like a capitulation which mark floors. Hopeful a retest of 2.50 - 2.80 comes again to confirm no sellers exit there before trend reversal can begin with conviction.

KQ is acting very nicely. Shaking the mango tree and a lot of shaking happened today smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Aguytrying
#463 Posted : Friday, January 31, 2014 3:53:57 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Metasploit wrote:
Did the guy bottomed ? was the volume spike an accumulation ?

Further downward movement stopped.

Give it a few weeks. But don't pick the bottom. Let the trend form. But yesterday's close was like a capitulation which mark floors. Hopeful a retest of 2.50 - 2.80 comes again to confirm no sellers exit there before trend reversal can begin with conviction.

KQ is acting very nicely. Shaking the mango tree and a lot of shaking happened today smile


I'd be shocked if it was capitulation, i mean how much lower can this thing go. And i would have expected the higher volumes earlier, but time will tell. Meanwhile in buying mode. sijui niuze nini ama nanismile
The investor's chief problem - and even his worst enemy - is likely to be himself
pnyaga
#464 Posted : Friday, January 31, 2014 5:05:13 PM
Rank: New-farer


Joined: 1/28/2014
Posts: 26
For serious investors, this the time to buy MUMIAS! buy! buy! buy! Idiots will start buying at Kshs.5 upwards.
stockshunter
#465 Posted : Friday, January 31, 2014 5:19:43 PM
Rank: Member


Joined: 1/16/2014
Posts: 114
pnyaga wrote:
For serious investors, this the time to buy MUMIAS! buy! buy! buy! Idiots will start buying at Kshs.5 upwards.
when u say Idiots will start buying at 5 what do you mean? Every person in stock market is wise and foolish in his own ways. Thank you
fear makes people live a miserable life.
sparkly
#466 Posted : Friday, January 31, 2014 6:41:30 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Just when you think that a stock cannot fall any further MUMIAS happens. Mumias is falling faster than allowed by gravity!
Life is short. Live passionately.
poundfoolish
#467 Posted : Sunday, February 02, 2014 5:38:19 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
mawinder wrote:
I had given the Director of Marketing and Corporate affairs a one week notice to resign which ended on Thursday.I add her one more week or else I will ensure she is sacked by 3rd February.She should have learnt from the former Director of Finance who thought I was an ordinary Kenyan but later left Mumias knowing I am a small powerful man.Ataenda ama ataenda!!!!!!!


Ameenda sasa bado HR Director.... then MD... then this 'Dawa ya Nairobi' in 2017.
mwekez@ji
#468 Posted : Monday, February 10, 2014 9:23:17 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
streetwise
#469 Posted : Monday, February 10, 2014 2:13:43 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Waiting...patiently. Wake me up when it hit 2 bob.
PKoli
#470 Posted : Monday, February 10, 2014 9:44:03 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
streetwise wrote:
Waiting...patiently. Wake me up when it hit 2 bob.


During the old days, I hear Mumias was trading at 2 bob. If current price goes to 2, this is equivalent to 6 pre-bonus. Looks Mumias might struggle for a while.
mwekez@ji
#471 Posted : Monday, February 10, 2014 11:25:15 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
PKoli wrote:
streetwise wrote:
Waiting...patiently. Wake me up when it hit 2 bob.


During the old days, I here Mumias was trading at 2 bob. If current price goes to 2, this is equivalent to 6 pre-bonus. Looks Mumias might struggle for a while.


This chart has been adjusted for the bonus (2 for 1) of November 2007. In the long life of the chart, its hasn't seen a 2!


sparkly
#472 Posted : Tuesday, February 11, 2014 7:54:18 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Anyone with a set of the last Financial Statements? Please share sparkly99@ovi.com


mwekez@ji wrote:
PKoli wrote:
streetwise wrote:
Waiting...patiently. Wake me up when it hit 2 bob.


During the old days, I here Mumias was trading at 2 bob. If current price goes to 2, this is equivalent to 6 pre-bonus. Looks Mumias might struggle for a while.


This chart has been adjusted for the bonus (2 for 1) of November 2007. In the long life of the chart, its hasn't seen a 2!



Life is short. Live passionately.
mwekez@ji
#473 Posted : Tuesday, February 11, 2014 1:51:47 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
http://www.investinginafrica.ne...change/listed-companies/

sparkly wrote:
Anyone with a set of the last Financial Statements? Please share sparkly99@ovi.com


mwekez@ji wrote:
PKoli wrote:
streetwise wrote:
Waiting...patiently. Wake me up when it hit 2 bob.


During the old days, I here Mumias was trading at 2 bob. If current price goes to 2, this is equivalent to 6 pre-bonus. Looks Mumias might struggle for a while.


This chart has been adjusted for the bonus (2 for 1) of November 2007. In the long life of the chart, its hasn't seen a 2!




sparkly
#474 Posted : Tuesday, February 11, 2014 2:10:57 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ahsante.

mwekez@ji wrote:
http://www.investinginafrica.ne...change/listed-companies/

sparkly wrote:
Anyone with a set of the last Financial Statements? Please share sparkly99@ovi.com


mwekez@ji wrote:
PKoli wrote:
streetwise wrote:
Waiting...patiently. Wake me up when it hit 2 bob.


During the old days, I here Mumias was trading at 2 bob. If current price goes to 2, this is equivalent to 6 pre-bonus. Looks Mumias might struggle for a while.


This chart has been adjusted for the bonus (2 for 1) of November 2007. In the long life of the chart, its hasn't seen a 2!





Life is short. Live passionately.
tomtom
#475 Posted : Wednesday, February 12, 2014 3:49:05 PM
Rank: New-farer


Joined: 11/19/2013
Posts: 33
Interesting read
OF ALL the types of poaching taking place in East Africa, that of sugarcane may be the least known.
Quote:
"Kenya sugar is in crisis — it has done very little to reform the sector in 10 years," says Edward George, head of soft commodities research at Ecobank. "What are they privatising? The machinery’s old and there are massive debts.

"No one has wanted to buy these sugar mills in years."
tomtom
#476 Posted : Wednesday, February 12, 2014 3:55:53 PM
Rank: New-farer


Joined: 11/19/2013
Posts: 33
tomtom wrote:
Interesting read
OF ALL the types of poaching taking place in East Africa, that of sugarcane may be the least known.
Quote:
"Kenya sugar is in crisis — it has done very little to reform the sector in 10 years," says Edward George, head of soft commodities research at Ecobank. "What are they privatising? The machinery’s old and there are massive debts.

"No one has wanted to buy these sugar mills in years."


The East African hub economy is seeking a two-year extension to the deadline, but it may be hard to achieve, as any further extension would be in violation of World Trade Organisation rules that permit a maximum of 10 years for special trade protection measures.
mwekez@ji
#477 Posted : Friday, February 14, 2014 8:49:32 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Sugar safeguards top Comesa agenda in Congo

Kenya’s request that sugar imports from the Common Market for East and Southern Africa (Comesa) continue being restricted from its market will be discussed at a summit later this month.

Comesa secretary-general Sindiso Ndema Ngwenya told President Uhuru Kenyatta that the extension of the safeguards would be on the agenda at the heads of state meeting in Kinshasha, DR Congo.

The Presidential Strategic Communications Unit quoted Mr Ngwenya saying during a courtesy call on President Kenyatta that he was optimistic that the safeguards would be extended.

For the safeguards to be granted the Trade Remedy Regulations would have to be amended, allowing Kenya to exceed the maximum allowable safeguard duration of 10 years.

President Kenyatta appealed to Comesa to extend the safeguard to give the Kenyan sugar industry time to reform before the unregulated sugar imports from the 19 member-state is allowed.

“Cheap sugar imports at this time when our industry is facing a myriad of challenges does not augur well for our cane farmers,” he said.

‘‘More time given to us will help address the issues that have held down the sector,” said President Kenyatta.
Aguytrying
#478 Posted : Friday, February 14, 2014 12:37:30 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@mwekezaji. Let people not say they didnt see this extension coming
The investor's chief problem - and even his worst enemy - is likely to be himself
mwekez@ji
#479 Posted : Friday, February 14, 2014 12:48:28 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
@mwekezaji. Let people not say they didnt see this extension coming

Aguytrying
#480 Posted : Tuesday, February 18, 2014 3:30:20 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
http://www.businessdaily.../-/13u1rcs/-/index.html

what happens when you mix higher prices and higher volumes? Ill tell you what... higher profits. and share price follows good performance. first we have to clear this comesa/no comesa hurdle
The investor's chief problem - and even his worst enemy - is likely to be himself
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