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Mumias Sugar huge demand
Rank: New-farer Joined: 9/13/2014 Posts: 10 Location: Kenya
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What are the fundamentals, last I checked Mumias is still running a huge loss and haemorrhaging cash. The Govt said they will help ONLY if they see a credible turnaround plan, COMESA safeguards expire this year. I just don't see where the demand is coming from. No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation - Robert Rhea
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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a_abbass wrote:What are the fundamentals, last I checked Mumias is still running a huge loss and haemorrhaging cash.
The Govt said they will help ONLY if they see a credible turnaround plan, COMESA safeguards expire this year.
I just don't see where the demand is coming from. there could be some leaked good plan but if not,igojee chini "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Even me I wnat to see what is the story
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Rank: User Joined: 1/20/2014 Posts: 3,528
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HaMaina wrote:mlennyma wrote:Those who bought wish there was no weekend so that the devil doesn't plant losing seed when we break. I'm one of them, and so far the sugar has been quite sweet & I know at this rate the trend will continue in the new week. Enyewe you have made me laugh, laugh, laugh alone in the office, mpaka guys think i have lost it, gone bonkers on 3rd January weekend. Made my day  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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a_abbass wrote:What are the fundamentals, last I checked Mumias is still running a huge loss and haemorrhaging cash.
The Govt said they will help ONLY if they see a credible turnaround plan, COMESA safeguards expire this year.
I just don't see where the demand is coming from. That Comesa line is old and very tired.Every time i hear/read it,it much reminds me of the "millennium bug" that never was.Can someone point to me a nett exporter of sugar amongst Comesa countries? Since the answer is negative,why do we then worry over that which does not exist? Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 4/20/2012 Posts: 888
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I disembarked too early @2.75.... I know feel how men feel when they disembark early.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Lets talk on monday. But my advise stop looking at the charts
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Rank: User Joined: 1/20/2014 Posts: 3,528
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NSE doesnot respect charts and cartoons. Disclaimer: I have not dismissed the same! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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MKWASI wrote:I disembarked too early @2.75.... I know feel how men feel when they disembark early.  so you scored outside? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Hello Joined: 1/13/2015 Posts: 5 Location: Mt. Kenya
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derick wrote:Kihara joni wrote:Alight at 4.60/- or 5.0/- on the higher side, very unlikely that it will get past this, check the tread paka, Eaggads had similar rallies only to slide as fast. I dont see it going up past 3.60.its more likely suppliers will start showing up today.the reason being that ,@ 3.30 most investors who bought @ between1.35 and 1.75 will have doubled there money. The idea is not to double your money, i believe in reaping the maximum possible gains from your investments. We are already past the double effect. With the current state of demand vs supply Mumias will exceed expetations.  Its now our time.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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MiddleMan wrote:derick wrote:Kihara joni wrote:Alight at 4.60/- or 5.0/- on the higher side, very unlikely that it will get past this, check the tread paka, Eaggads had similar rallies only to slide as fast. I dont see it going up past 3.60.its more likely suppliers will start showing up today.the reason being that ,@ 3.30 most investors who bought @ between1.35 and 1.75 will have doubled there money. The idea is not to double your money, i believe in reaping the maximum possible gains from your investments. We are already past the double effect. With the current state of demand vs supply Mumias will exceed expetations. And the fun begins. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Othelo wrote:HaMaina wrote:mlennyma wrote:Those who bought wish there was no weekend so that the devil doesn't plant losing seed when we break. I'm one of them, and so far the sugar has been quite sweet & I know at this rate the trend will continue in the new week. Enyewe you have made me laugh, laugh, laugh alone in the office, mpaka guys think i have lost it, gone bonkers on 3rd January weekend. Made my day The devil did not plant a seed after all!!! 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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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Othelo wrote:YoungMulla wrote:I would offload this stock at end week, supposedly at around 3.5. After that you're just playing Russian roulette with your wallet. Will take over 1 month to reach there............ needs another 'news' to uplift and reach there! Guess what!!?? It did not even take a week let alone a month. You posted this on Wednesday last week. Leo ni Monday! 3.50/=just printed. Tafakari hayo ya babu. Habari ndiyo hiyo! 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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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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@ YoungMulla - This Russian Roulette is just too sweet. Wouldn't want to be a spectator ion. Not yet! 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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Rank: New-farer Joined: 9/12/2014 Posts: 22 Location: Nairobi
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what's more to mumias other than the bailout story that makes the demand so high. don't say speculative buying coz the demand is just to high and people aren't willing to sell either.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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koxwex wrote:what's more to mumias other than the bailout story that makes the demand so high. don't say speculative buying coz the demand is just to high and people aren't willing to sell either. Mumias was prized at "collapsing price". Most people were so convinced it would collapse so even when bargains presented themselves, people did not take them up. Now "collapsing" is out of the equation. That massively changes everything. 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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Rank: New-farer Joined: 3/16/2014 Posts: 12 Location: Kisumu
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MaichBlack wrote:Othelo wrote:YoungMulla wrote:I would offload this stock at end week, supposedly at around 3.5. After that you're just playing Russian roulette with your wallet. Will take over 1 month to reach there............ needs another 'news' to uplift and reach there! Guess what!!?? It did not even take a week let alone a month. You posted this on Wednesday last week. Leo ni Monday! 3.50/=just printed. Tafakari hayo ya babu. Habari ndiyo hiyo! When will the bubble burst ... My blood is cold
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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RearView wrote:MaichBlack wrote:Othelo wrote:YoungMulla wrote:I would offload this stock at end week, supposedly at around 3.5. After that you're just playing Russian roulette with your wallet. Will take over 1 month to reach there............ needs another 'news' to uplift and reach there! Guess what!!?? It did not even take a week let alone a month. You posted this on Wednesday last week. Leo ni Monday! 3.50/=just printed. Tafakari hayo ya babu. Habari ndiyo hiyo! When will the bubble burst ... My blood is cold the stock seems still comfortable to continue its 10% "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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So Friday we will see a 5.0
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Rank: Hello Joined: 1/16/2015 Posts: 5 Location: Nairobi
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If you have developed cold feet, now is the time to offload;it's more than double the lowest price.If you guts are made of steel like me,the wait continues...
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