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Agriculture Stocks - Moto Moto
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Much Know
#111 Posted : Tuesday, March 16, 2010 9:18:12 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
@guru267, i am very tempted to try it but i will just let this one pass, let me stick to my strategies
Ras Kienyeji Man
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guru267
#112 Posted : Tuesday, March 16, 2010 9:31:19 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@much know you should stick to your strategies especially with agriculturals since they they have made more PAUPERS than they have PRINCES....
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#113 Posted : Tuesday, March 16, 2010 1:17:53 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@guru - All stocks have risks... Buy for the future... Kapchorua Tea is 100% into tea... and tea prices remain strong even if the production has jumped...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#114 Posted : Wednesday, March 17, 2010 9:38:52 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sasini imeanza kuchoma watu!!
Mark 12:29
Deuteronomy 4:16
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mv_ufanisi
#115 Posted : Wednesday, March 17, 2010 10:12:16 AM
Rank: Member

Joined: 1/15/2010
Posts: 625
Glad I got out at 15. This baby is headed south side.
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guru267
#116 Posted : Thursday, March 18, 2010 7:22:08 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
@guru - All stocks have risks... Buy for the future... Kapchorua Tea is 100% into tea... and tea prices remain strong even if the production has jumped...


@VVS its true all stocks have risks... but the risk associated with agriculturals is HUGE...
i mean too huge to hold them for the long term.... i mean tea prices are high for now but what happens when all farmers start producing tea to chase these prices???

all that said kakuzi's price is very justified given that its earnings rose in a very TERRIBLE agricultural environment...
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#117 Posted : Thursday, March 18, 2010 10:02:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@guru - I was referring to Sasini as being over-priced (not Kakuzi).

Kakuzi has 20mn shares but very few in the public domain... They will have similar profits in 2010.

Kakuzi is going to use the cash they didnt pay as dividends to pay down the debt...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#118 Posted : Thursday, March 18, 2010 10:31:47 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
@guru - I was referring to Sasini as being over-priced (not Kakuzi).

Kakuzi has 20mn shares but very few in the public domain... They will have similar profits in 2010.

Kakuzi is going to use the cash they didnt pay as dividends to pay down the debt...


Question - Kakuzi broke out at 38. Its obvious that its on the way down. Aren't there good chances that the price will approach 38 at some point in the future? I assume 38 forms a new support for the share.
Life is short. Live passionately.
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guru267
#119 Posted : Thursday, March 18, 2010 10:49:13 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@sparkly
38bob for Kakuzi is not even a dream but a NIGHTMARE.... its EPS went up to 17.34 and this year looks much better for the company so no way it can fall that far (i think)..

the thing with agriculturals is they trade on very thin volumes so it is extremely hard to determine support and resistance levels for them...

my advice to you if you want to enter is to enter at a point or level where you feel you are buying value...
Mark 12:29
Deuteronomy 4:16
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mkonomtupu
#120 Posted : Thursday, March 18, 2010 11:15:34 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Now the agric stocks are now in full retreat. I pity those who bought at those high prices. Hope you don't get stuck for a long time. These agric stocks had a similar dance in the 1990's.
Guru, EPS in agric stocks is never a good guide to make decisions.

The next roller-coaster is going to the financials
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