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Cooperative Bank versus Mumias.
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Gordon Gekko
#21 Posted : Wednesday, February 24, 2010 8:03:12 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Yes @njunge. And his son was to get married this weekend. Isnt life a bummer?
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mwala
#22 Posted : Wednesday, February 24, 2010 8:41:46 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
Eternal rest grant unto her O lord
And may perpetual light shine upon her
May her soul rest in peace
Amen.
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wasee
#23 Posted : Thursday, February 25, 2010 5:00:51 AM
Rank: Member

Joined: 2/5/2010
Posts: 273
Location: NBI
Mumias is a volatile share. every now and then you hear sugarcane farms getting burnt. this makes it very risky to invest in it
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Chaka
#24 Posted : Friday, February 26, 2010 7:38:44 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
I have seen a full page ad in the Nation by Kwale International Sugar Co.Ltd seeking for personnel.
In the intro it says it will plant sugar in their 15,000 acre estate in Kwale/Ramisi.Does anyone know who is behind this project and the effect it will have on Mumias?
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wote
#25 Posted : Friday, February 26, 2010 8:57:40 AM
Rank: Member

Joined: 10/18/2007
Posts: 217
Sorry guys my earlier post should have read 900k as opposed to 90k and ofcourse minus the usual costs.vvs thanks for the correction on the taxes.
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ecstacy
#26 Posted : Friday, February 26, 2010 10:15:39 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
In a laymans view, if COMESA sugar producers are way more interested in exporting to Asia and Europe, Kwale sugar is little in the way of MSC where it has barely met the local demand going foward let alone satisfactorily engage in meeting international demand. MSC still has quite some mileage left...
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VituVingiSana
#27 Posted : Friday, February 26, 2010 1:35:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
The current situation favors Mumias... but if Europe pays less in the future then the COMESA sugar will look at Kenya again...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#28 Posted : Friday, February 26, 2010 5:43:26 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwala wrote:
Commission and other expenses regardless,mumias remain the best;Consider selling 20k coop shares at 9.75.That accounts an expense of 5k.Again buying Mumias at 10.50(factoring in the transaction fee) that gives me 18k Mumias shares.Selling Mumias by the end of the year at 15 bob gives me 240k.240k>190k if my arithmetic serves me well.Plus a dividend cheque say 7200

@mwala, if all of us could make stock price predictions as easily as you do, we would all be riiiiiich!
Life is short. Live passionately.
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VituVingiSana
#29 Posted : Friday, February 26, 2010 7:51:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
mwala wrote:
Commission and other expenses regardless,mumias remain the best;Consider selling 20k coop shares at 9.75.That accounts an expense of 5k.Again buying Mumias at 10.50(factoring in the transaction fee) that gives me 18k Mumias shares.Selling Mumias by the end of the year at 15 bob gives me 240k.240k>190k if my arithmetic serves me well.Plus a dividend cheque say 7200

@mwala, if all of us could make stock price predictions as easily as you do, we would all be riiiiiich!

Mumias tasted/tested below 10 today. There is fatigue in the market. I can sense it.

People are tired of investing (or rather lack of cash)...

Great results from KPLC did not even move the price... It was 150/- before the announcement & slightly higher 155/- afterwards...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwala
#30 Posted : Tuesday, March 16, 2010 8:38:47 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
Great results from KPLC did not even move the price... It was 150/- before the announcement & slightly higher 155/- afterwards...(and now)
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