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Agriculture Stocks - Moto Moto
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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
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VituVingiSana
#42 Posted : Thursday, March 04, 2010 7:19:46 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
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
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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
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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!!!
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cnn
#45 Posted : Friday, March 05, 2010 11:19:43 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
@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.
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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.
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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.
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kishindo
#48 Posted : Friday, March 05, 2010 12:32:49 PM
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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!!
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mv_ufanisi
#49 Posted : Friday, March 05, 2010 1:49:16 PM
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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.
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VituVingiSana
#50 Posted : Friday, March 05, 2010 2:46:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
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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sparkly
#51 Posted : Saturday, March 06, 2010 7:13:28 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
...produce a decent mini semi-annual report... I wish I had a copy...
[/quote] @VVS
got a copy, cash at end of six months ending 30 june 2009 minus 12.5m compared to minus 201m for 6 months to june 2008. paid 112m in short term and long term loans. generated 98m from operations.
Life is short. Live passionately.
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Gordon Gekko
#52 Posted : Saturday, March 06, 2010 8:11:43 AM
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Joined: 5/27/2008
Posts: 3,760
Should'nt the price movement of Mumias be directly correlated with agrics?
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VituVingiSana
#53 Posted : Saturday, March 06, 2010 8:54:08 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Gordon Gekko wrote:
Should'nt the price movement of Mumias be directly correlated with agrics?

No cox Mumias is an agro-industrial (really more industrial than agro)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#54 Posted : Saturday, March 06, 2010 8:56:43 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
sparkly wrote:
...produce a decent mini semi-annual report... I wish I had a copy...
@VVS
got a copy, cash at end of six months ending 30 june 2009 minus 12.5m compared to minus 201m for 6 months to june 2008. paid 112m in short term and long term loans. generated 98m from operations. [/quote]

There u go coz Kakuzi has paid off its loans & is almost cash positive. Cash flow from Ops shows huge turnaround.

The 6 months (Jul-Dec 2009) is likely to have been even better cash positive for Kakuzi.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#55 Posted : Monday, March 08, 2010 9:14:29 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Mama Mia, these agriculturals... who would have thought?
Life is short. Live passionately.
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VituVingiSana
#56 Posted : Monday, March 08, 2010 9:34:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
sparkly wrote:
Mama Mia, these agriculturals... who would have thought?

Dont say I did not tell you...

I have been touting Williamson (& sister Kapchorua indirectly) for ages. I am out of cash or I would have buy more...

Kapchorua had 1/2 year EPS of 24.17 (Full Year 2008-9 was 17.87). Tea prices are still 50% higher than same time last year. KShs has weakened.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#57 Posted : Monday, March 08, 2010 10:18:19 AM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
should be a great year for Kenya...
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VituVingiSana
#58 Posted : Monday, March 08, 2010 10:38:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Rare shares on offer - Limuru Tea...

I know tea prices are high but I love the Limuru area... Really nice weather... I wonder what the land they have is worth...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Scubidu
#59 Posted : Monday, March 08, 2010 11:45:40 AM
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Joined: 9/4/2009
Posts: 700
Location: Nairobi
Limuru is grossly overvalued and illiquid...no cashflow in this business and will only benefit shareholders who got in b4 the bonus. All other agriculturals look viable apart from Rea Vipingo.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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the deal
#60 Posted : Monday, March 08, 2010 12:14:31 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
be fearful when others are greedy...everybody is taking a plunge into this sameer companies and agri stocks...wasnt it sasini who recently released dismal results....i like kakuzi...but rea vipingo i gues has reached its zenith...
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