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Mumias Sugar huge demand
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cyruskulei
#671 Posted : Tuesday, July 22, 2014 11:30:45 AM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
mlennyma wrote:
A bank somewhere is watching


I dont understand. Please elaborate. Thanks
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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kiash
#672 Posted : Tuesday, July 22, 2014 11:33:37 AM
Rank: Veteran

Joined: 4/27/2010
Posts: 951
Location: Nyumbani
This will be a study case.
I hope all those who are selling are the (other share holders) and not the other 8 top shareholders (Am excluding the Govt. I also hope those who are buying are some of the top 8 shareholders.Only time will tell those who had (do not know what to call it ) guts,luck,acumen and bought /sold.

1 Permanent Secretary, Treasury 306,000,000 20.00%
2 Kenya Commercial Bank Limited 26,322,100 1.72%
3 Standard Chartered Nominees Non-Resd. A/C 9894 26,044,467 1.70%
3 The Jubilee Insurance Company Limited 22,335,002 1.46%
4 Standard Chartered Nominee Account KE 14353 14,545,593 0.95%
5 Abdul Karim Charturbhai Popat 14,400,000 0.94%
6 Baloobhai Chhotabhai Patel 14,057,100 0.92%
7 Standard Chartered Nominees A/C 9098 AC 10,109,575 0.66%
8 Pradeep Patani 8,961,002 0.59%
9 Standard Chartered Nominees Non Resd A/C 9573 AC 8,859,000 0.58%
11 Others 1,078,366,161 70.48%
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Sufficiently Philanga....thropic
#673 Posted : Tuesday, July 22, 2014 11:42:29 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
mwekez@ji wrote:
Sufficiently Philanga....thropic wrote:
mawinder wrote:
hisah wrote:
Mumias stock plummets to an all-time low as woes persist

@mnandii - It is getting interesting with all the talk and headlines smile

@deal - the contrarian play is now very tempting...

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

Ditto @$p¥. The 2008 plunge was to factor the bonus in the share price.
What caused the 2009-10 surge?



Good question. The 2009-2010 surge was due to 'financial engineering' at its best. H1 accounts were released in Feb reflecting a 518% rise in EPS to 0.68. So everyone jumped in pushing the price to highs of 13.80 just before the depressing FY news checked in at -87% EPS growth vs FY2008/2009Sad
And that, for all practical purposes was the end of Mumiasat post 10bob, the end of Mumias, the bluechip!
@SufficientlyP
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Sufficiently Philanga....thropic
#674 Posted : Tuesday, July 22, 2014 11:52:43 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@Mweke,that volume spike you see in 2010(between Feb and August)on the cartoon you've pulled up is exit volume. Someone somewhere with the story was slowly bailing out, selling the monkey to unsuspecting buyersSad
@SufficientlyP
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Tall Order
#675 Posted : Tuesday, July 22, 2014 11:59:12 AM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
This Mumias Sugar thing is now becoming some soap opera or what?
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hisah
#676 Posted : Tuesday, July 22, 2014 12:04:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
Sufficiently Philanga....thropic wrote:
mawinder wrote:
hisah wrote:
Mumias stock plummets to an all-time low as woes persist

@mnandii - It is getting interesting with all the talk and headlines smile

@deal - the contrarian play is now very tempting...

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

Ditto @$p¥. The 2008 plunge was to factor the bonus in the share price. What caused the 2009-10 surge?


@mweke - all markets started their sharp rebound in Mar 2009 when the CBs (ECB, BoE and Fed) stepped in to support the market with QE 1.0 to arrest the GFC armaggedon. But by 2011 when the KES was getting hammered vs USD MSC fundies had already turned sour. That top is still in place to date!

The MSC cartoon is still bearish, but other TA indicators are pointing to a bounce coming soon as overselling bleeds into the monthly timeframes. Any slight good news will send this thing rallying. One highly risky contra play since gok is in the mix and anything goes. You will need to die emotionally to catch this falling knife. Not for the faint hearted...

The query is will gok let MSC fold and mess jobs and lives that depended on this firm? What political gain will gok get if MSC folds? Why do I smell a protectionist policy on sugar coming soon as comesa agreements are ripped apart...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang
#677 Posted : Tuesday, July 22, 2014 12:39:05 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
So, 2.30/- printed?
Hii ndio huwa inaitwa KUCHOMEKA!

Jamaneni. Sirkal saidia. Sisi iko mbaya saidi!
Receive with simplicity everything that happens to you.” ― Rashi

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maka
#678 Posted : Tuesday, July 22, 2014 12:44:36 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
dunkang wrote:
So, 2.30/- printed?
Hii ndio huwa inaitwa KUCHOMEKA!

Jamaneni. Sirkal saidia. Sisi iko mbaya saidi!

Nikubaya wololo...
possunt quia posse videntur
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cyruskulei
#679 Posted : Tuesday, July 22, 2014 12:52:45 PM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
hisah wrote:
mwekez@ji wrote:
Sufficiently Philanga....thropic wrote:
mawinder wrote:
hisah wrote:
Mumias stock plummets to an all-time low as woes persist

@mnandii - It is getting interesting with all the talk and headlines smile

@deal - the contrarian play is now very tempting...

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

Ditto @$p¥. The 2008 plunge was to factor the bonus in the share price. What caused the 2009-10 surge?


@mweke - all markets started their sharp rebound in Mar 2009 when the CBs (ECB, BoE and Fed) stepped in to support the market with QE 1.0 to arrest the GFC armaggedon. But by 2011 when the KES was getting hammered vs USD MSC fundies had already turned sour. That top is still in place to date!

The MSC cartoon is still bearish, but other TA indicators are pointing to a bounce coming soon as overselling bleeds into the monthly timeframes. Any slight good news will send this thing rallying. One highly risky contra play since gok is in the mix and anything goes. You will need to die emotionally to catch this falling knife. Not for the faint hearted...

The query is will gok let MSC fold and mess jobs and lives that depended on this firm? What political gain will gok get if MSC folds? Why do I smell a protectionist policy on sugar coming soon as comesa agreements are ripped apart...



The Gov can let it go if it wishes. Look at Panpaper, its gone, sold to an indian who totally burned it.
Mumias is an homegrown thing and if the likes of Kidero had not mismanaged it, we would be talking of a blue chip now.
However, the future is good as they have diversified their products.
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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jawgey
#680 Posted : Tuesday, July 22, 2014 2:11:01 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
dunkang wrote:
So, 2.30/- printed?
Hii ndio huwa inaitwa KUCHOMEKA!

Jamaneni. Sirkal saidia. Sisi iko mbaya saidi!


Laughing out loudly Laughing out loudly Laughing out loudly
unacheka wengine ama umeathiriwa?
Seeing is believing
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