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Mumias Sugar getting more sugary
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Magigi
#1 Posted : Friday, January 15, 2010 12:26:37 PM
Rank: Elder


Joined: 3/31/2008
Posts: 7,081
Location: Kenya
...for sure, Mumias Sugar is the stock to watch in 2010...a 60 cents increase in one day is no small matter. I can't wait for it to get to 14 bob, the price I bought at...
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mv_ufanisi
#2 Posted : Friday, January 15, 2010 12:50:43 PM
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Joined: 1/15/2010
Posts: 625
How about for those who bought at Kshs 60? When can we expect a reversal of losses?
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Magigi
#3 Posted : Friday, January 15, 2010 1:00:43 PM
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Joined: 3/31/2008
Posts: 7,081
Location: Kenya
@MV...At 60? You are kidding! I guess you bought before the split...
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Njung'e
#4 Posted : Friday, January 15, 2010 1:01:57 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@MV-ufanisi,
You got a bonus of 2 for every one held which would bring down your buying price to 20 bob or lower.....If you did not stop buying then,your average price should be far much lower by now......Even then,for every gainer,there is a loser....you can't help.
Nothing great was ever achieved without enthusiasm.
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chaliwong
#5 Posted : Friday, January 15, 2010 1:35:22 PM
Rank: New-farer


Joined: 1/10/2010
Posts: 73
Location: kenya
Mumias is going to get sweeter it has been undervalued for long.But in the past I have found it very difficult to buy the number of shares I want especially when the price was at Ksh3.50 even with enough supply available.Is this common with this counter or is a problem with my broker?Anybody?
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mukiha
#6 Posted : Friday, January 15, 2010 2:10:20 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
My average buy price is 9.75; I plan to start taking profits at 11.20. That day appears to be coming very soon.

Profits taken here and from SCOM are going to CFC. My average buy there is (don't laugh!) in the high 70s! Started buying after merger with Stanbic was announced at 115 in Dec 07. The stock closed at 43.50 today, so you can understand my position....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Wakanyugi
#7 Posted : Friday, January 15, 2010 5:19:24 PM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,634
This Mumias simply confirms my belief that markets are more irrational than rational. What has changed over the last few weeks to make the share worth almost 40% more than it was? I recall I asked the same question when Safaricom fell to 3 bob, but never got an answer.

I have a suspicion that many 'pundits' observe a trend and then try to retrofit an interpretation after the fact. Wisdom is life read in reverse. I am not complaining though; I own over 20,000 of the damn things.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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gathinga
#8 Posted : Saturday, January 16, 2010 6:35:59 AM
Rank: Veteran


Joined: 11/30/2006
Posts: 635
The Rally appears to be on most of the stocks although at varying magnitudes...so one cant attribute it to Mumias only

I see us having a counter rally every three weeks or so.Now its Safcom and Mumias. Time for NIC bank rally isnt too far away
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VituVingiSana
#9 Posted : Monday, January 18, 2010 6:50:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
The 60/- was BEFORE the 2:1 bonus so it means that you have 3 shares for 60 = 20/share...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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spacer
#10 Posted : Monday, January 18, 2010 7:40:15 AM
Rank: Member


Joined: 12/20/2007
Posts: 5
Its Indeed getting Sweeeder but I doubt It will go as High as 14 - 20 Bob. Its NSE dont be blinded by the rise
Sell when rising not waiting for highest price
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Wendz
#11 Posted : Monday, January 18, 2010 9:20:45 AM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
Everytime i want to sell this share, it goes up... so i hold on... No complaints.... not when i collected the lilies at below 4 when not many were tempted to touch...

@Chali
Your broker is not doing good to you... i had ordered 30k and got them in two buys 18&12..... but that was back then...
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VituVingiSana
#12 Posted : Tuesday, January 19, 2010 7:53:02 AM
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Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
@wendz... LOL... then you shud tell us when you want to sell... so we can buy!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee
#13 Posted : Tuesday, January 19, 2010 8:16:50 AM
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Joined: 1/9/2008
Posts: 537
Wats driving this counter...seein its at 9.25 today...looks pretty offerd but bids keep croppin up
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VituVingiSana
#14 Posted : Tuesday, January 19, 2010 8:31:54 AM
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Joined: 1/3/2007
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Location: Nairobi
@kizee...trades even at 9.40 leo
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#15 Posted : Tuesday, January 19, 2010 8:58:56 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
@Wendz;

Why not retire the stock? If you entered at 4bob and it is now above 9, sell half your holding and get your money back....the you won't won't be getting excited each time it jumps by 50cts..... or shocked when it drops by 30cts!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#16 Posted : Tuesday, January 19, 2010 9:28:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
@mukiha... Now at 9.60

Wow, the 10/- mark is very, very close at the moment!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee
#17 Posted : Tuesday, January 19, 2010 9:45:17 AM
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Joined: 1/9/2008
Posts: 537
seein 14100 bids...zero offers...can anyone tell me wats goin on here..somebody? anybody? how much further can it get?
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mukiha
#18 Posted : Tuesday, January 19, 2010 9:51:14 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
@kizee;

The whole market is on the up and up. At the moment, only two stocks are down [XPRSS & SGL]; the rest are mainly up or flat.

This is the time to start taking your profits...who knows what tomorrow will bring?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mv_ufanisi
#19 Posted : Tuesday, January 19, 2010 10:11:18 AM
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Joined: 1/15/2010
Posts: 625
Wait for the Half Year results to come out on the end of January or early February before getting out. The expectations are more than 200% profit growth. U know what that could do to the share price.
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VituVingiSana
#20 Posted : Tuesday, January 19, 2010 10:32:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
Mumias 1H 2009-10 results should be better than 1H 2008-9. How much better but as @mv_ufanasi says... it could be much better!

Coz of price limits I doubt it can go to 10/- today but we still have Wed, Thu & Friday to go...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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