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Agriculture Stocks - Moto Moto
guru267
#41 Posted : Thursday, March 04, 2010 6:31:01 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
I want to sell safcom to get in here but I dont want to sell safcom, pay commissions, then not find shares!



@VVs i'm facing the exact same dilemma... i think i have to look for some fresh cash for these ones...
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#42 Posted : Thursday, March 04, 2010 7:19:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@guru - 5,000 shares just sold for Kapchorua. Also 1,000 Kakuzi are available at 53.50 (while they last)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Wa_ithaka
#43 Posted : Thursday, March 04, 2010 7:20:52 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Word of advice. I've seen the move in the agric-stocks prices before especially just before they announce their results or just before they close their books for dividend.
Word to those who can read charts, utasomeka. The best time to buy into the stocks is around September/october time.
The Governor of Nyeri - 2017
Gordon Gekko
#44 Posted : Friday, March 05, 2010 10:32:17 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Top performers so far today:

KAPCHO 117.00 +9.35
WTK 176.00 +9.32
KAKUZI 59.00 +9.26
EGADS 20.75 +9.21
SASINI 10.10 +8.60

All Agric. I love this game!!!
cnn
#45 Posted : Friday, March 05, 2010 11:19:43 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@GG,didnt i tell you to hold onto sasini when you were to sell @8.20 and cum dividend.? I am buying more since WTK is proving elusive.This tea game is proving very enticing.
Gordon Gekko
#46 Posted : Friday, March 05, 2010 11:59:01 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@cnn, I got back in at 7.8 and the cap gain so far is 28%smile . I have no exit price at the moment as I really don't know what is driving them up.
mv_ufanisi
#47 Posted : Friday, March 05, 2010 12:25:10 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Wa! Kweli stock market is unpredictable sana. Just when everyone had written of the Agriculturals, they make a massive comeback. The risk in buying now is chasing after a HOT counter, it's easy to get burnt. But thank God for the rains, we should see a better economy before the politicians mess it up for us.
kishindo
#48 Posted : Friday, March 05, 2010 12:32:49 PM
Rank: Member

Joined: 1/11/2008
Posts: 121
I learnt to tame my greed...so got off 30% of my sasini holding today @10.20 (Buying price @ 4.8- 6.0 in feb 2009) If Sasini hits 14.0 I offload the rest period!
Less is more....for Architects only!!
mv_ufanisi
#49 Posted : Friday, March 05, 2010 1:49:16 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
@Kishindo you're a patient guy - props for buying from Feb 09 and holding till now. Some people are just not that patient. Enjoy the fruits of your calm nerves. That is almost 100% gain. An investor that can wait will likely be rewarded.
VituVingiSana
#50 Posted : Friday, March 05, 2010 2:46:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Tea prices remain strong even with additional production.
Why?

1) India has seen increase in demand with higher & more propsperous population. 1bn people with 500mn over 18yrs. An increase of just 1 cup per week is HUGE for the market. China has started drinking black tea (small quantities) but the market can grow rapidly.

2) India & Sri Lanka had seen poor rains in 2009 so there is a 'deficit' of tea stocks but this can change with rains.

3) Kenya tea production expected to increase with sporadic but heavy rains from Jan-May 2010. This benefits Kenyan farmers before India & Sri Lanka production comes into the market.

4) Green tea is becoming popular in Western countries as a substitute for sodas. This is great for Kenya as some tea is produced as 'Green Tea'. Kenyan farmers need to produce more green tea.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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