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Mumias Bitters FY 2014 loss of 2.7bn
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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reports a full year loss of 2.7 billion There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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littledove wrote:reports a full year loss of 2.7 billion Rink? The opposite of courage is not cowardice, it's conformity.
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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jerry wrote:littledove wrote:reports a full year loss of 2.7 billion Rink? http://af.reuters.com/ar...ws/idAFL5N0RC41I20140911
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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urstill1 wrote:jerry wrote:[quote=littledove]reports a full year loss of 2.7 billion Rink? http://af.reuters.com/ar...s/idAFL5N0RC41I20140911[/quote] SterlingCapitalLtd @ SterlingNairobi #Mumias posts KES2.7Bn loss in FY14. Gross profit margin down to 6.5% from 13.1%. Net revenues +9.4% There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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jerry wrote:littledove wrote:reports a full year loss of 2.7 billion Rink? PBT at -3.4B from -2.2B. 50% plus negative acceleration.
http://af.reuters.com/ar...s/idAFL5N0RC41I20140911
Today it tested sub 2/- to print a new all time low at 1.95.
Lets see if mumias can beat paka's 1.45 low.
Awful price shredding this...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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jerry wrote:littledove wrote:reports a full year loss of 2.7 billion Rink? The numbers: https://www.nse.co.ke/li...d&utm_medium=twitter
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Very unfortunate 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:jerry wrote:littledove wrote:reports a full year loss of 2.7 billion Rink? PBT at -3.4B from -2.2B. 50% plus negative acceleration.
http://af.reuters.com/ar...s/idAFL5N0RC41I20140911
Today it tested sub 2/- to print a new all time low at 1.95.
Lets see if mumias can beat paka's 1.45 low.
Awful price shredding this...
Less than a yr ago people thot this was impossible, infact many were buying at 5.xy The year break by comesa is almost coming to a close. "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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murchr wrote:hisah wrote:jerry wrote:littledove wrote:reports a full year loss of 2.7 billion Rink? PBT at -3.4B from -2.2B. 50% plus negative acceleration.
http://af.reuters.com/ar...s/idAFL5N0RC41I20140911
Today it tested sub 2/- to print a new all time low at 1.95.
Lets see if mumias can beat paka's 1.45 low.
Awful price shredding this...
Less than a yr ago people thot this was impossible, infact many were buying at 5.xy The year break by comesa is almost coming to a close. UK pleaded for extension, which he got, of COMESA "safe-guards". What danger now that it's trading below par or 2 bob? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I dont own mumias but i feel the pain,when are the creditors setting in?? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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I long for the day that thieving saboteurs will be headed to jail. Never to come out.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 wololo! Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Pesa Nane wrote:wololo! The street awaits for @streetwise 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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VituVingiSana wrote:Pesa Nane wrote:wololo! The street awaits for @streetwise  pun intended The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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jerry wrote:murchr wrote:hisah wrote:jerry wrote:littledove wrote:reports a full year loss of 2.7 billion Rink? PBT at -3.4B from -2.2B. 50% plus negative acceleration.
http://af.reuters.com/ar...s/idAFL5N0RC41I20140911
Today it tested sub 2/- to print a new all time low at 1.95.
Lets see if mumias can beat paka's 1.45 low.
Awful price shredding this...
Less than a yr ago people thot this was impossible, infact many were buying at 5.xy The year break by comesa is almost coming to a close. UK pleaded for extension, which he got, of COMESA "safe-guards". What danger now that it's trading below par or 2 bob? That was FEB 2014 a one year extension. Is there any other? As discussed in Wazua Mumias Sugar huge demand on #493 Posted : Thursday, February 27, 2014 8:55:42 AM wrote:hisah wrote:Aguytrying wrote:brizzy wrote:http://www.businessdailyafrica.com/Kenya-gets-another-year-for-sugar-reforms/-/539546/2223376/-/15726iw/-/index.html
I hope it works out safeguards extended by one year! we saw this coming. but the game changer has been and will be Tarda. mumias should get their act together in the 12 months. Disappointed by that 1yr extension. The recovery rally needs solid legs than that measly extension.
Resistance levels on the recovery are 3.80 - 4.00 then 4.50 - 4.75 then the solid barrier at 6 - 6.50 level.
Quite a long road to recovery if you target the NAV. "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: Member Joined: 7/20/2012 Posts: 141
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jerry wrote:murchr wrote:hisah wrote:jerry wrote:littledove wrote:reports a full year loss of 2.7 billion Rink? PBT at -3.4B from -2.2B. 50% plus negative acceleration.
http://af.reuters.com/ar...s/idAFL5N0RC41I20140911
Today it tested sub 2/- to print a new all time low at 1.95.
Lets see if mumias can beat paka's 1.45 low.
Awful price shredding this...
Less than a yr ago people thot this was impossible, infact many were buying at 5.xy The year break by comesa is almost coming to a close. UK pleaded for extension, which he got, of COMESA "safe-guards". What danger now that it's trading below par or 2 bob? The danger is that it is a great challenge when there is a culture of stealing and corruption in the organization and on top of it the competition from cheap sugar. By the way why is it that the fully private sugar companies don't suffer like the public ones? The answer is clear to those who have eyes.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Aguytrying wrote:VituVingiSana wrote:Pesa Nane wrote:wololo! The street awaits for @streetwise pun intended Kusema now we await kutenda! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Done. For 1.00 Bob strategy is to seat on the board
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Hii ndio inaitwa kuchomeka. Wee mungu tusaidie. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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streetwise wrote:Done. For 1.00 Bob strategy is to seat on the board That is now a possibility as Mumias has 1.53b shares only!!!!!!!!!
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Mumias Bitters FY 2014 loss of 2.7bn
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