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mumias sugar results-560% growth half year-unaudited
Rank: Member Joined: 11/20/2008 Posts: 367
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This is crazy, I am also envious. This is unbelievable, 560%!! Have a feeling 2010 will be a good year.
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Rank: Member Joined: 5/8/2009 Posts: 263 Location: Gigiri, Nairobi
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@Sage
 They are now trading at 11.50>>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats
>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.
Where do you fall?
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Rank: Member Joined: 5/8/2009 Posts: 263 Location: Gigiri, Nairobi
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Rank: Veteran Joined: 5/31/2008 Posts: 1,076
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Good tidings. However look at the figures. Books for the same period in the previous financial year vis a vis the one under review: Revenue; current 7.6Bn, previous 5.1Bn Profit before tax; current 1.5Bn, previous 230M There must be something they were handling terribly wrong over the last period. Has there been any changes in the top management staff or did they make any major review of how thay run the business? Dunia ni msongamano..
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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10.60......18.14% up....Aiiiii...This one will burst roofs Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 8/14/2009 Posts: 244
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Am sitting in there pretty and waiying to offload at sh.26 in june
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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this is incredible...! 20.67% and the demand outdo supply... When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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10:40/-, forty cents away from my order, only then will it rise to 14/-. A New Kenya
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Plenty of supply at 11.50 so unless more buyers come in... the suppliers will start increasing... The current price is 10.50 (11.14am)... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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stock.enigma wrote:Am sitting in there pretty and waiying to offload at sh.26 in june i know we're all excited about this but the price your aiming for is a bit on the high side especailly for this year Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Ati... 26/-... not any time soon!!! BUT please keep the faith... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/20/2008 Posts: 367
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@Pretty, the advice has been heeded. Cheers.
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Rank: Member Joined: 1/11/2008 Posts: 121
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20 bob haiwesmek.... Less is more....for Architects only!!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Just got the cdsc message,half of my holding sold @11.50.Will keep the other half as i watch where the price settles.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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What goes up comes down, eventually.... the good thing with this share is that it is not touching 7 any time soon.... my guess is that it may stablise at 8-9bob after the emotions have cooled off but it will be a darling for many longterm investors... if you are a day trader, probably for now, the ship has left the dock.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Late to the party today.
@Pretty, think I may be the one eating my words - I must admit 560% is pretty...
Not sure where it will be in June but if @stock.enigma is right, we all need more sugar in our lives. Good play @cnn - did you make like 70% return in a month?
But I must say the market is never straightforward. Maybe the gain was already factored in but I was expecting a greater gain than 20%.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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I see a Ksh. 14-15/= stable price after the volatility.
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Rank: New-farer Joined: 1/10/2010 Posts: 73 Location: kenya
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@Njunge - Do you remember at one time you told me Mumias sugar didnt have enough cane????
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Rank: Member Joined: 7/7/2009 Posts: 111
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I think they suddenly got some cane from somewhere, wont you say? Probably discovered a few farmers they were missing hidden in the tall cane ... All in all "better never than late" i say ...  I can taste the sugar ... and it's sweet, my broda! Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Well... the better weather (in that part of the world) may have helped with higher cane production... Last year cane cutters went on strike... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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