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Agriculture Stocks - Moto Moto
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VituVingiSana
#1 Posted : Wednesday, February 24, 2010 12:20:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
On 24 Feb 2010...

Highest Gainers:

Rea Vipingo: VWAP = 15.25 (+9.32%) but closed with no sellers & 33,900 on bid at 15.30 (highest for the day)... 221,700 traded

Sasini: VWAP = 8.55 (+7.55%) but closed with no sellers & 665,500 on bid at 8.70 (highest for the day)... 1,370,000 traded

Kakuzi: VWAP = 39.75 (+7.43%) but closed with no sellers & 2,100 on bid at 37/-... 21,500 traded

Williamson: VWAP = 135 (+3.85%) but closed with no sellers & 7,100 on bid at 135/-... 44,600 traded

There is definitely something going on here...
VituVingiSana attached the following image(s):
j0150064rv.jpg (36kb) downloaded 1 time(s).
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kishindo
#2 Posted : Wednesday, February 24, 2010 2:43:03 PM
Rank: Member

Joined: 1/11/2008
Posts: 121
cant put a finger on it....looks like i'll be offloading sasini soooon!
this market is up to something..
Less is more....for Architects only!!
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Gordon Gekko
#3 Posted : Wednesday, February 24, 2010 4:44:21 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Hail Herr Merali!! Viva Sasini!! The ride is so blinding I can't keep by eyes open!!!
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VituVingiSana
#4 Posted : Thursday, February 25, 2010 2:48:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Yeah... I was also surprised but tea prices have been rising...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#5 Posted : Thursday, February 25, 2010 5:52:20 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i think this rapid price increase is due to the unusual scenario where tea prices are risisng amidst rising supply... which spells one of those SUPER years for agricultural earnings
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#6 Posted : Thursday, February 25, 2010 6:01:37 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
But Rea Vipingo is 95% in sisal... not tea...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#7 Posted : Thursday, February 25, 2010 6:17:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS i was merely speculating in my previous post.. my knowledge about agricultural stocks is minimal at best because of my extreme hatred for them...
maybe investors are bullish about the agricultural sector returns this year and are trying to get in early to avoid being caught with their pants down Eh?
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#8 Posted : Thursday, February 25, 2010 12:25:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@guru - Well... for tea firms I have to agree coz it seems that tea prices have & will remain at higher levels in 2010 vs 2008...
We already know 2009 prices were significantly better than 2008...
If 2010 prices match 2009... then tea firms will continue doing well... the risk is demand for higher wages & input costs...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#9 Posted : Thursday, February 25, 2010 1:45:31 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS i was watching the market today and it doesnt look like this price increase in the agriculturals is sustainable...
i say this because we all know that price increases are supposed to be backed by large volumes traded to get a true picture and justification and that is not happening...

kakuzi traded only 4500
Rea vip traded 18100
Mark 12:29
Deuteronomy 4:16
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B.Timer
#10 Posted : Thursday, February 25, 2010 3:21:48 PM
Rank: Veteran

Joined: 5/31/2008
Posts: 1,076
Eaagads is Agriculture, but they are absent in this bullish streak!
Dunia ni msongamano..
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