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UNGA anyone?
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mozenrat
#361 Posted : Tuesday, August 10, 2010 11:11:49 AM
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and their 2008 financials don't make sense to me..

http://investing.busines...ials.asp?ticker=UNGL:KN

their Cost of Goods sold stood at ZERO?? How??? ama its an error on the part of businessweek
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the deal
#362 Posted : Tuesday, August 10, 2010 12:50:14 PM
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Location: Windhoek/Nairobbery
mozenrat wrote:
and their 2008 financials don't make sense to me..

http://investing.busines...ials.asp?ticker=UNGL:KN

their Cost of Goods sold stood at ZERO?? How??? ama its an error on the part of businessweek

Go to www.nse.co.ke....that what website is useless....
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youcan'tstopusnow
#363 Posted : Tuesday, August 10, 2010 2:06:20 PM
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For the last couple of trading days, the share hasn't closed below 13 bob as it appears there is considerable demand at that price level. But seems as if the people who bought at 6 to 7 bob want out, which is what is stopping the share from breaking 14.
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guru267
#364 Posted : Tuesday, August 10, 2010 7:43:39 PM
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mozenrat wrote:
and their 2008 financials don't make sense to me..

http://investing.busines...ials.asp?ticker=UNGL:KN

their Cost of Goods sold stood at ZERO?? How??? ama its an error on the part of businessweek

The website is fine.. Sometimes the cost of goods sold is classified in the expenses..
Mark 12:29
Deuteronomy 4:16
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Wa_ithaka
#365 Posted : Tuesday, August 10, 2010 7:47:51 PM
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As i said yesterday, heavy volumes usually signify a turning point. Upwards. Or downwards. Ata Ksh12 is not out of bounds...
The Governor of Nyeri - 2017
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youcan'tstopusnow
#366 Posted : Tuesday, August 10, 2010 7:56:36 PM
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Waithaka, true. But I think Unga's decline is because of the general downward trend of the market
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guru267
#367 Posted : Tuesday, August 10, 2010 9:18:44 PM
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youcan'tstopusnow wrote:
Waithaka, true. But I think Unga's decline is because of the general downward trend of the market

Unga is definitely just following the market trend both upwards and downwards... So buying unga is like buying the NSE index..
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#368 Posted : Tuesday, August 10, 2010 9:31:43 PM
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guru, so if the NSE reaches 5000 and beyond...
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hisah
#369 Posted : Tuesday, August 10, 2010 9:50:36 PM
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Joined: 8/4/2010
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guru267 wrote:
youcan'tstopusnow wrote:
Waithaka, true. But I think Unga's decline is because of the general downward trend of the market

Unga is definitely just following the market trend both upwards and downwards... So buying unga is like buying the NSE index..


12.80 - 13 was the resistance and support is all the way down to 11.50. Below there last support is 10.50. A strong break of that level won't be very nice.Sad The current pullback is good for resetting overbought levels and shaking out the weak buyers smile
The NSE and NASI indices too were overbought, so a cool off is expected. It's clearly shown on the technicals indicators like RSI and the slow stochastics oscillator that the market needs consolidate gains after a sharp 5%+ rally in a short bust. Instead of looking at the pullback, look for bargains at the counters that didn't rally during this period for the next rotational rally. I like KCB since some broker or is it anexpert said it's a sell smile Bull markets like to climb what is called a wall of worry like NSE and other emerging markets, while bears prefer the slope of hope like the Dow, S&P and most of the G8 nation markets smile

Quite interesting how the global markets tells the investors what direction to head to soon...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#370 Posted : Tuesday, August 10, 2010 10:00:47 PM
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Ngai...!!!

The 'break-outs' & 'resistance' levels and all this gobbledygook...

I would rather stick with my assumptions on the performance of these firms...

Unga... I am convinced they did well in 2009-10 & will do OK in 2010-11...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#371 Posted : Tuesday, August 10, 2010 10:35:02 PM
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@hisah please teach @qw that technical analysis is not all about 52 week highs...
Mark 12:29
Deuteronomy 4:16
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qw25041985
#372 Posted : Tuesday, August 10, 2010 11:00:14 PM
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@hisah thats well put. And i keep telling folks that a correction is coming to KCB so they wait for low prices and they dnt wanna believe me .
Once Unga is done correctin well c if it'll test 52 week high of 14.40 . It shld b intrestin . I wonder where volume will come from .
Your future depends on your dreams so go to sleep !
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the deal
#373 Posted : Wednesday, August 11, 2010 12:39:51 PM
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Huge volumes today again.....investors are starting to sense why Ugali is my favourite dish....
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qw25041985
#374 Posted : Wednesday, August 11, 2010 1:24:27 PM
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Huge volumes on the sell side.
Your future depends on your dreams so go to sleep !
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youcan'tstopusnow
#375 Posted : Thursday, August 12, 2010 11:05:18 AM
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qw, ona mambo hapa. 28000 shares traded with a high of 15 bob. And its only 10.05...
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Wa_ithaka
#376 Posted : Thursday, August 12, 2010 11:12:21 AM
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Huge spread though. I'd like to see it close over 14 for a few nights before I start counting unreleased gains
The Governor of Nyeri - 2017
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youcan'tstopusnow
#377 Posted : Monday, August 23, 2010 10:47:57 AM
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Was delighted to see Unga at 13.60, only to see the paltry volume of 100.
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youcan'tstopusnow
#378 Posted : Thursday, August 26, 2010 1:17:34 PM
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63,500 shares traded. Huge for a company like Unga
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the deal
#379 Posted : Thursday, August 26, 2010 1:39:59 PM
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youcan'tstopusnow wrote:
63,500 shares traded. Huge for a company like Unga

Investors starting to sense the value in the story of the maize...Laughing out loudly Laughing out loudly Laughing out loudly
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youcan'tstopusnow
#380 Posted : Thursday, August 26, 2010 1:49:41 PM
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the deal wrote:
youcan'tstopusnow wrote:
63,500 shares traded. Huge for a company like Unga

Investors starting to sense the value in the story of the maize...Laughing out loudly Laughing out loudly Laughing out loudly

Yeah. I'm seeing single trades of huge volumes not even seen in 'bigger' counters
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