@Sasha
In any organisation change is never taken lightly however good the intentions are. It always faces a lot of resistance. I think CiC is trying, the CEO looks a hard working guy and their marketing team have done a nice job in bringing the visibility of the organisation.
They are looking for business beyond the cooperative movement.
Are you among the top ten class b shareholders?

@Sasha
I thought you had bought some 30,000 shares! Class B shareholders according to the latest annual report have shares from 22000 to 40000. So you could easily be in the league. My intention is own 0.5% of the company i.e about 100,000 shares!

@Sasha
That is a good achievement.

I started with 10,000 which I bought during private placement. I have since added 10,000. I am working towards adding further 10,000, then I will wait till listing.

Condidering that there are only 21.5m shares, I see a possibility of shares split, may be 20 for every one held.

Happy hunting

@kondoo- tuko pamoja. 12 months holding period then divert to cash and wait for maendeleo...

i rebalanced my portfolio after a spectacular Q1 but Q2 hasnt brought much fortunes.... though i'm pretty confident with my rebalancing and i'm sure Q3 and 4 will shine on the likes of MSC, KK, Safcom, and JHL...

if this rebalancing doesnt work then i'm doomed for 2010 because trading puts food on the table

@Proverb,

The 500% will not be replicated in any other quarter, otherwise the stock will jump to 40 bob. A growth of the bottom line for MSC of 35% or thereabouts in FY results will be sufficient given the other ventures they have embarked on. More important will be if they succeed in the Tana project.

Investors will be looking into the future!

would u suggest locking in profits especialy if accumulated below 7Bob? ..i don't do well with uncertainty..

@ proverb . Mumias is a classic growth stock. Dnt be blinded by it having no price change in the last few months. Coz even in the next two months there still will be no price change. BUT i expect the price to move up around september when their full year results are due. And shrewd investors start factoring in the profits. As a technical analyst i am excited that its trading good volumes but its price isnt changing because its accumulating. Thus when it starts to go up ksh 20.00 is my price target. @ guru. As far as TA is concerned u ar on the right boat with this one. You can even add more mumias sugar shares in the silence of the market before investors start factorin in the profits.

I would recommend you hold until after results are out. My average buy is around 8.5 bob (still adding) and I'll be holding. In their last annual report, they indicated that they plan on acquiring sugar companies across the region. This is bound to push the price up.
Plus they got a better deal from KPLC in their second half of the year.
And If you are REALLY long term, by December 2011, ethanol will be flowing out of their factories.
Then there is the TARDA project
They also trade carbon credits.
I guess what I'm saying is that this company is a GEM, especially for someone who bought at 7 bob.
USIUZE!

Mumias is no gem...its Junk...@ 13 bob its fully priced...dont forget Comesa Sugar hits the Kenyan Market soon...mumias wont be able to compete the other comesa countries subsidise their farmers making the cost of raw materials cheaper...