Can banks then make any money from lending to farmers if the money is soo much dependent on the weather, unless of course they lend them at above 30% interest to compensate for the many NPL which would eventually result? I think if i were a big bank i would leave small banks and companies like Mumias sugar to lend to farmers ... at least they have a lot of vested interests!

It looks like everything is on the up and up. If we pass the draft (after MPs realise squabbling does not help anyone and harms the economy) then shares will go further up towards 2012. Probably 2010 and 2011 are bull years. The NSE 20 may even hit it earlier record above 6,000 points before december this year unless we kill the draft constitution. But 2012 will be a tricky year to be at the NSE especially if the current political heat\alliances persist.

Do wazurians have an opinion on which stock is yet to take off BUT might just be a joy ride in the next two years? Is that stock Mumias Sugar?

I honestly dont understand what's happening with the "old" stocks like Equity and KCB. Why are they being left behind even by strugglers of old?And i expected Mumias sugar to be at 15 by now, bearing in mind that they announced good half year profits and the horizon looks rosy. Whats cutting? It's a little hard to work the math ...

I dont know about KCB because i havent recently read about their results BUT i thought wazurians had already agreed that if Mumias were to keep the trend of earnings the least they can report in terms of earnings at the end of the year is 1.60 per share leaving the PE below 8 ... meaning the share sould be worth at least 15 bob ... is 10 bob a nice place for the share to wait ... i thought 13 bob would be where the share would balance waiting for end of year results ... but obviously i was wrong!

Dynamics set to favour MSC, KQ, SCOM, K-Re, HFCK and EB later in the year.

Please expound further because I was going to offload some SCOM today and you're making me rethink that decision.

I believe so too. I have 120k SCOM that I acquired at 5/- during the IPO and I wanted to cut them them by half at 5.5-5.6 because realistically I'm not seeing it going up by much and it's almost unimaginable that the dividend will go anything beyond 15cts (6B).

@guru, what do you think? Would you sell?

@2012, impact of the ever growing data business and anticipation for the beginning of share consolidation initiatives...

I tip mumias as the stock to watch come 2012 . I feel growth stocks will lead the way. ... ..

Eh?? Dude is gradually mutating into a longtermer!!!