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Agriculture Stocks - Moto Moto
VituVingiSana
#81 Posted : Wednesday, March 10, 2010 10:08:28 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
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
VituVingiSana
#82 Posted : Wednesday, March 10, 2010 10:54:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
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
FundamentAli
#83 Posted : Wednesday, March 10, 2010 1:20:07 PM
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. Sad
guru267
#84 Posted : Wednesday, March 10, 2010 3:20:11 PM
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
Gordon Gekko
#85 Posted : Thursday, March 11, 2010 7:58:37 AM
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.
kishindo
#86 Posted : Thursday, March 11, 2010 8:39:35 AM
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!!
mufasa
#87 Posted : Thursday, March 11, 2010 9:14:04 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
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.
ecstacy
#88 Posted : Thursday, March 11, 2010 4:30:36 PM
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..
muganda
#89 Posted : Thursday, March 11, 2010 4:51:43 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@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.
ecstacy
#90 Posted : Thursday, March 11, 2010 5:11:02 PM
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!!
24 Pages«<7891011>»
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