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Mumias Sugar HY2013/14
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MaichBlack
#211 Posted : Friday, November 21, 2014 9:46:18 AM
Rank: Elder

Joined: 7/22/2009
Posts: 8,014
mlennyma wrote:
Our emergency team has started receiving casualties of the imaginary rally

How is business doing? Patient numbers?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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urstill1
#212 Posted : Friday, November 21, 2014 10:05:46 AM
Rank: User

Joined: 9/6/2013
Posts: 1,446
Location: In a house
Since April last year I have been buying Mumias. My first batch was bought at over 4 bob. Against some wazuans advice, I averaged down to 3.5 bob when it got to 3 and and 2.5. The short time it went to 4, I sold nothing!! I averaged down again at 2 both. Last week when it got 1.35-1.45 range, I stocked over 200k shares at 1.4-1.45 range. This money was from other counters that I had paper gains, e.g Total, CG and and Unga. Today I have sold all the batch I bought at 1.4 at 2 and now waiting to either offload the ones bought at 1.45 at >2.10 or stock more at <1.5. It's not everyday that you make over 42% gross profit within a week. The ones I bought at >=2 are to be held for the next three years, at least.

NB: Patiently waiting for KQ at 7-7.5 range. I have a huge portfolio of share.
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mlennyma
#213 Posted : Friday, November 21, 2014 10:54:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
You can only harvest if u planted.tule na macho
"Don't let the fear of losing be greater than the excitement of winning."
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The optimist
#214 Posted : Friday, November 21, 2014 11:08:00 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
I preferred to keep off and watch. I'm surely watching the ride.
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RearView
#215 Posted : Friday, November 21, 2014 12:20:06 PM
Rank: New-farer

Joined: 3/16/2014
Posts: 12
Location: Kisumu
The optimist wrote:
I preferred to keep off and watch. I'm surely watching the ride.

With over 5B debt and 2.7B loss, I am still at loss what makes this counter hot. Could it be at the bargain price someone/group were softly taking over the company?
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Kihara joni
#216 Posted : Friday, November 21, 2014 2:18:21 PM
Rank: Member

Joined: 5/8/2013
Posts: 386
Location: Nyali mombasa
I remember asking what it takes to have a board seat in these NSE companies, and being a major share holder was one but you guys refused to sell fiufiu
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obiero
#217 Posted : Friday, December 05, 2014 7:35:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,463
Location: nairobi
hawa watu wanajaribu kunilazimisha kuuza kq washindwe kabisa. chunga mali yako na nichunge yangu.. in other news, do you guys now believe what I told u about Mumias going down?? or how do u expect the firm to post a profit when there are no goods on the shelves?? ghost turnover??
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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streetwise
#218 Posted : Saturday, December 06, 2014 11:34:41 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Any wazua attending the agm
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whiteowl
#219 Posted : Sunday, December 07, 2014 10:27:17 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
hawa watu wanajaribu kunilazimisha kuuza kq washindwe kabisa. chunga mali yako na nichunge yangu.. in other news, do you guys now believe what I told u about Mumias going down?? or how do u expect the firm to post a profit when there are no goods on the shelves?? ghost turnover??

Anything is possible on the NSE
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jerry
#220 Posted : Sunday, December 07, 2014 11:07:28 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
whiteowl wrote:
obiero wrote:
hawa watu wanajaribu kunilazimisha kuuza kq washindwe kabisa. chunga mali yako na nichunge yangu.. in other news, do you guys now believe what I told u about Mumias going down?? or how do u expect the firm to post a profit when there are no goods on the shelves?? ghost turnover??

Anything is possible on the NSE

45 days ziliisha?
The opposite of courage is not cowardice, it's conformity.
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