Wazua
»
Investor
»
Stocks
»
Agriculture Stocks - Moto Moto
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
Kakuzi 72/- & poised to go higher as Tea prices continue staying high while production booms thanks to rains. Sasini 12.55 & supply dries up. Tea & coffee prices up. Rain, rain is the icing. merali notwithstanding. I would sell out coz the cream will be skimmed. Williamson 180 but lots of potential. 1H EPS was 24/- (some of it biological gains) but this will be converted to cash as tea sales are brisk. Demand for tea remains unabated. Book value 300+. Also owns large part of a nice building in Community. Kapchorua 135 is Williamson's younger sister & same goes here. Apparently they had acquired a farm 2 years ago. It is paying off. 1H EPS 11+ & debt almost paid off. Debt-free is a nice place to be. A revalued book value could be over 200/- & a lot of it would be new cash from sales. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
|
BTW, the major international tea firms are buying up tea plantations in Rwanda & Uganda... I expect Kapchorua & Williamson are in their cross-hairs... Williamson sold its Indian tea farms 2-3 years ago... Only a matter of time... Unilever Tea (Kenya) bought out the minority shareholders 2 years ago... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Veteran Joined: 11/4/2008 Posts: 1,289 Location: Nairobi
|
See my earlier post in July last year on 'El Nino is back!'. I predicted that this counters will rise. Problem is I did not put my money where mouth was.
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
these counters is making alot of investors very rich.. my only hope is the speculators know when to jump out... Mark 12:29 Deuteronomy 4:16
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
"these counters is making alot of investors very rich.. my only hope is the speculators know when to jump out". Rich is an understatement. Filthy rich is more like it!!! But I love the ride, 77% cap gain so far on Merali.
|
|
Rank: Member Joined: 1/11/2008 Posts: 121
|
Sasini 47000 demand @ 13.80 against 1000 supply. Kesho it hits 15.0 and i offload 30% more and keep the rest till March 2011, but the temptation to hold is strong! Less is more....for Architects only!!
|
|
Rank: Member Joined: 4/15/2008 Posts: 206
|
At this rate I may offload sasisni mid next week, I predict it will hit 16/= then begin a free fall to 12.00/= and stabilize arond there forsome time. Thats my 2cents worth. Do it today! Tomorrow is promise to no-one.
|
|
Rank: Elder Joined: 2/26/2008 Posts: 4,449
|
think again for now...I'm back into Sasini...It hopes to boost its pre-tax profit by over 400% in the next 2 years from Ksh. 108 million to Ksh. 579 million by 2012 buoyed by successful diversification and value addition projects. Meanwhile, India a major tea producer didn't receive rain since Nov 2009 and this points to sustained high tea prices..
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
@ecstacy, have to admire your tenacity. Just as a learning point however, if you're now in for 2 years, why did you sell the first time?
Or was it just a short term play then?
Realise time has proven you very right on the Kenol and Sasini calls you made in end of January.
|
|
Rank: Elder Joined: 2/26/2008 Posts: 4,449
|
When 'instability' grips a stock and I am in an unexpectantly significant profit position, I stopped getting greedy. You lock profits for a return at an opportune time. That time with the information I've shared is now....heck, stocks is a lot like sex in high school - everyone pretends to know everything, few actually know anything, and nobody ever lets on about what they don't know!!
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
One thing this market has taught me is 'never follow the experts' . determine your risk appetite, set your goals, stick to your gameplan and make money. Chasing stocks is a baaad idea. Life is short. Live passionately.
|
|
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
|
..noticed aly khan satchu had a sizable chunk of Rea Vipingo shares..check out annual report top 10 shareholders. I realize shareholding proportion might not mean much..but when that share holding is by a renown shares trader...might mean something...but then ..that was as at Dec 31st 2008...i year has passed. ..just a thought. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16 - 1769 Oxford King James Bible 'Authorized Version
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
sparkly wrote:One thing this market has taught me is 'never follow the experts' . determine your risk appetite, set your goals, stick to your gameplan and make money. Chasing stocks is a baaad idea. I gave some experts 110,000/- to invest for me on quality stocks shock on me i only got 66,000/- back after redeeming my investment after 2 years due to the expert's bad market moves. There are no experts on stocks just seasoned traders with differing views on the market outlook. Risk what you can afford to lose.
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
mkonomtupu wrote:sparkly wrote:One thing this market has taught me is 'never follow the experts' . determine your risk appetite, set your goals, stick to your gameplan and make money. Chasing stocks is a baaad idea. I gave some experts 110,000/- to invest for me on quality stocks shock on me i only got 66,000/- back after redeeming my investment after 2 years due to the expert's bad market moves. There are no experts on stocks just seasoned traders with differing views on the market outlook. Risk what you can afford to lose. @mkonomtupu pole. I am sure that you are now wiser. My first broker advised me to make what looking back were horrible moves. Life is short. Live passionately.
|
|
Rank: Member Joined: 10/26/2008 Posts: 380
|
Top gainers in last one month = all agricultural..
# Stock Start Price Gain % Gain 1. Kakuzi 37.00 +49.50 +133.78% 2. Sasini Tea & Coffee 8.00 +7.15 +89.38% 3. Rea Vipingo Plantations 12.85 +8.65 +67.32% 4. Kapchorua Tea Co. 94.50 +57.50 +60.85% 5. Williamson Tea Kenya 130.00 +65.00 +50.00%
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
Dumped half of my holdings in Sasini at 15.15. Cap gain 94%. The other half is now literally free shares.
|
|
Rank: Veteran Joined: 7/24/2008 Posts: 781
|
I would rather buy on the way up and sell on the way down...the most important thing is not what the market is going to do,but rather what it has already done. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
@GG,you left,came in and now you have gone again,the 40 000 i got @6.50 still holds though i am very tempted to let go next week.The lot got @ 11 on monday goes tomorrow targeting a 40% gain.Its been a nice ride on merali.
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
@cnn, thats the beauty about Merali. So erratic that if you play it well you cn make good dosh. But like @vvs, I don't trust him.
|
|
Rank: Member Joined: 1/11/2008 Posts: 121
|
And the fall is lurking... Less is more....for Architects only!!
|
|
Wazua
»
Investor
»
Stocks
»
Agriculture Stocks - Moto Moto
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|