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Mumias Sugar huge demand
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mumias stock plummets to an all-time low as woes persist@mnandii - It is getting interesting with all the talk and headlines  @deal - the contrarian play is now very tempting... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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so who is buying MSC ad why !!!!
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Rank: Member Joined: 2/18/2011 Posts: 448
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People were warned on this same forum and they kept on buying.Pigs get slaughtered.
Way forward,either company is bought out and dismatled into pieces or serilaki steps in to bail it out uchumi style.
Lastly as of today 1445hrs, demand 135,300 Supply 1.51 Mil
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Many people are still interested saying it is a cheap share with the hope that it makes a turnaround and trade in the 4-7 bob and that they'll be laughing at those who stayed away from it such as myself.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mibbz wrote:People were warned on this same forum and they kept on buying.Pigs get slaughtered.
Way forward,either company is bought out and dismatled into pieces or serilaki steps in to bail it out uchumi style.
Lastly as of today 1445hrs, demand 135,300 Supply 1.51 Mil Am waiting for it down there "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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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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streetwise wrote:so who is buying MSC ad why !!!! You @streetwise didn't read #641 above? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Will dive in when it hits 2bob. Though i see it going as low as 1.50 Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Its time to start calculating the debts of this company and assets value to see if the worst comes the shareholder can salvage anything or whether a receiver can jump in from the unknown,i doubt any financial institution can be comfortable lending money to mumias. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 9/16/2006 Posts: 228
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The sugar is becoming sour day by day.what is the net asset per share “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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those of us who bought at 63 wata sema aje
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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subaru wrote:those of us who bought at 63 wata sema aje Ati nini!?! pole Seeing is believing
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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jawgey wrote:subaru wrote:those of us who bought at 63 wata sema aje Ati nini!?! pole The fact that KORCH, OCH, EVRDY, XPRS et al traded low for a long time. Whereas I had no idea of the viability the kind of businesses being claimed to be taking place in these firms. Noting that they all came out victorious. Considering that the only variable eventually became patience of the investor, I hereby register my appetite for MSC at any sweet price such as 2.50 of today, or even a honier price of sub 2. I may however invest in a sleeping pill in case the wake up time is past next year. On a different note, it seems all political tones converge towards seeing MSC revived. Both county and central govt. discussions in some way prefer keeping rather than aborting this poor baby. I cannot discount good news coming soon. I guess a more robust sugar sector policy framework could be in the offing. I could be wrong though...
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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mibbz wrote:People were warned on this same forum and they kept on buying.Pigs get slaughtered.
Way forward,either company is bought out and dismatled into pieces or serilaki steps in to bail it out uchumi style.
Lastly as of today 1445hrs, demand 135,300 Supply 1.51 Mil The topic should read "Mumias sugar low demand" or "Mumias sugar high supply " . Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Akenyan2014 wrote: The fact that KORCH, OCH, EVRDY, XPRS et al traded low for a long time All the ones you mentioned have very few outstanding shares vs Mumias. And have very few shares that trade hands. And are unlikely to go much higher except for Pump and Dump. Have fun. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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The article is pure crap.Mumias listing price was Kshs 6.25 before they diluted the stock by a factor of 3.By then there were 510m shares against the current 1.53b shares.I remember it even traded at Kshs. 3.05 before the split!!!!!
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Their govt. protection is finally ending or has ended. Kidero left because he knew it would not be extended. Mumias failed to play the patriotism card like Tusker and Safaricom, now they are in proper sh*t.
BBI will solve it :)
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Mumias is still selling drinking water and some companies have made it with water only,my take is that we should not behave as if mumias is an empty debe,money will be made but my main interest now is to know their debt level before i enter,who can know? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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mlennyma wrote:Mumias is still selling drinking water and some companies have made it with water only,my take is that we should not behave as if mumias is an empty debe,money will be made but my main interest now is to know their debt level before i enter,who can know? Annual Reports... Ask your broker or go to Image Registrars Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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mawinder wrote:The article is pure crap.Mumias listing price was Kshs 6.25 before they diluted the stock by a factor of 3.By then there were 510m shares against the current 1.53b shares.I remember it even traded at Kshs. 3.05 before the split!!!!! What they had was not a stock split but a bonus of 2:1 @SufficientlyP
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