[quote=Sober]At sub 2.00 I bet I could buy the shares just for fun knowing the counter can't sink any further. What is the lowerst any share has ever sunk to?[/quote]
1.6 ERDY?

Mumias did not get a bailout from Kamwana. Why not?

Anyway, let's see how much rot Ameyo & friends find in Mumias coz the more dirt, the more write-offs are needed even in FY 2015/16. Then the COMESA safeguards will come off. Will Mumias survive?

Yet, there is huge potential if Mumias can get its purchasing right i.e. cheaper cane [regardless of politics]

[quote=dunkang][quote=HaMaina][quote=Othelo]why the over 10% drop before results are announced! [/quote]

Good question everyone should ask themselves before selling.
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Eti munauliza nini? [-o< [-o< [-o<
Didn't you guys hear about a "PROFIT WARNING"? (Actually, its more of a greater loss "warning")
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Profit warning the day before the results announcement??? The Kenyan system is a joke! What's the point? Imagine a fellow who buys a tonne of shares on Tuesday, you issue a profit warning on Wednesday and release the results on Thursday!!! There should be a minimum time set between issuing a profit warning and releasing the results! Otherwise I don't see the point of profit warnings!! Does the management just wake up the day before the results are released and realize, oops, the profits will be down by more than 25% [or the loss will be higher]???

CMA should be categorized as a comedy club! Some companies don't even give profit warnings! They get hit with a small fine which they pay using shareholders' money and life goes on!!

The counter still has a p/b of less than 1, assets are valuable and retained earnings could provide a temporary cushion.

Psychological value of 2 bob still holding, gone to 2.20 on Friday. A Dead-Cat-Bounce or a short term recovery?

[quote=mlennyma]According to kenyas political games,mumias must die first so that somebody gets more credit by raising it from total death or collapse[/quote]
You must be buying like crazy.