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Cooperative Bank versus Mumias.
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Gordon Gekko
#21 Posted : Wednesday, February 24, 2010 8:03:12 AM
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Joined: 5/27/2008
Posts: 3,760
Yes @njunge. And his son was to get married this weekend. Isnt life a bummer?
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mwala
#22 Posted : Wednesday, February 24, 2010 8:41:46 AM
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Joined: 9/22/2008
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Eternal rest grant unto her O lord
And may perpetual light shine upon her
May her soul rest in peace
Amen.
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wasee
#23 Posted : Thursday, February 25, 2010 5:00:51 AM
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Joined: 2/5/2010
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Location: NBI
Mumias is a volatile share. every now and then you hear sugarcane farms getting burnt. this makes it very risky to invest in it
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Chaka
#24 Posted : Friday, February 26, 2010 7:38:44 AM
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Joined: 2/16/2007
Posts: 2,114
I have seen a full page ad in the Nation by Kwale International Sugar Co.Ltd seeking for personnel.
In the intro it says it will plant sugar in their 15,000 acre estate in Kwale/Ramisi.Does anyone know who is behind this project and the effect it will have on Mumias?
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wote
#25 Posted : Friday, February 26, 2010 8:57:40 AM
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Sorry guys my earlier post should have read 900k as opposed to 90k and ofcourse minus the usual costs.vvs thanks for the correction on the taxes.
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ecstacy
#26 Posted : Friday, February 26, 2010 10:15:39 AM
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In a laymans view, if COMESA sugar producers are way more interested in exporting to Asia and Europe, Kwale sugar is little in the way of MSC where it has barely met the local demand going foward let alone satisfactorily engage in meeting international demand. MSC still has quite some mileage left...
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VituVingiSana
#27 Posted : Friday, February 26, 2010 1:35:11 PM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
The current situation favors Mumias... but if Europe pays less in the future then the COMESA sugar will look at Kenya again...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#28 Posted : Friday, February 26, 2010 5:43:26 PM
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Joined: 9/23/2009
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Location: Enk are Nyirobi
mwala wrote:
Commission and other expenses regardless,mumias remain the best;Consider selling 20k coop shares at 9.75.That accounts an expense of 5k.Again buying Mumias at 10.50(factoring in the transaction fee) that gives me 18k Mumias shares.Selling Mumias by the end of the year at 15 bob gives me 240k.240k>190k if my arithmetic serves me well.Plus a dividend cheque say 7200

@mwala, if all of us could make stock price predictions as easily as you do, we would all be riiiiiich!
Life is short. Live passionately.
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VituVingiSana
#29 Posted : Friday, February 26, 2010 7:51:36 PM
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Joined: 1/3/2007
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Location: Nairobi
sparkly wrote:
mwala wrote:
Commission and other expenses regardless,mumias remain the best;Consider selling 20k coop shares at 9.75.That accounts an expense of 5k.Again buying Mumias at 10.50(factoring in the transaction fee) that gives me 18k Mumias shares.Selling Mumias by the end of the year at 15 bob gives me 240k.240k>190k if my arithmetic serves me well.Plus a dividend cheque say 7200

@mwala, if all of us could make stock price predictions as easily as you do, we would all be riiiiiich!

Mumias tasted/tested below 10 today. There is fatigue in the market. I can sense it.

People are tired of investing (or rather lack of cash)...

Great results from KPLC did not even move the price... It was 150/- before the announcement & slightly higher 155/- afterwards...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwala
#30 Posted : Tuesday, March 16, 2010 8:38:47 AM
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Great results from KPLC did not even move the price... It was 150/- before the announcement & slightly higher 155/- afterwards...(and now)
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wasee
#31 Posted : Tuesday, March 16, 2010 2:10:50 PM
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Location: NBI
@mwala. The increase in price may be attributed to investors wanting to cash in on the interim dividend{book closure in March} and also share split
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ecstacy
#32 Posted : Tuesday, March 16, 2010 2:29:07 PM
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Joined: 2/26/2008
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KPLC has been a good counter however with KPLC share dilution by GoK in the offing..could be a good thing or otherwise to invest in it now...
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FundamentAli
#33 Posted : Tuesday, March 16, 2010 2:54:52 PM
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Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
There is a suit before the courts by the outgrowers against Mumias regarding remittance of Development funds. Figures being talked about are huge. Looks like the company has been operating on free capital.
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guru267
#34 Posted : Tuesday, March 16, 2010 3:18:18 PM
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Joined: 1/21/2010
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Location: Nairobi
@wasee, @mwala, @ecstacy PLEASE lets stick to the thread topic...
Mark 12:29
Deuteronomy 4:16
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Njung'e
#35 Posted : Tuesday, March 16, 2010 3:24:55 PM
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Joined: 2/7/2007
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Location: Nairobi
@Fundamentali,
Case without a basis...What development fund?Cess goes to the local municipal council.
Nothing great was ever achieved without enthusiasm.
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Ngalaka
#36 Posted : Tuesday, March 16, 2010 3:51:52 PM
Rank: Veteran


Joined: 10/29/2008
Posts: 1,566
Cooperative seems to have hit menopause at 10.00.
KPLC waiting to pleasantly suprise us.
Isuni yilu yi maa me muyo - ni Mbisuu
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winston
#37 Posted : Friday, June 25, 2010 2:59:03 PM
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Joined: 4/14/2010
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Location: Nairobi
And as of today Coop has won the argument over Mumias...and maybe the 'win' will only last until mumias releases its results!
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guru267
#38 Posted : Friday, June 25, 2010 5:05:23 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
winston wrote:
And as of today Coop has won the argument over Mumias...and maybe the 'win' will only last until mumias releases its results!


there are no winners and losers on the NSE because every stock has its day... I'm pretty sure a mumias rally should be in order soon...

i expect it to hit 16bob by end August
Mark 12:29
Deuteronomy 4:16
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ProverB
#39 Posted : Friday, June 25, 2010 5:33:43 PM
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Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
guru267 wrote:
I'm pretty sure a mumias rally should be in order soon...

i expect it to hit 16bob by end August


am of the same opinion.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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shauriyako
#40 Posted : Friday, June 25, 2010 6:39:32 PM
Rank: New-farer


Joined: 6/17/2010
Posts: 71
Location: Kenya
ProverB wrote:
guru267 wrote:
I'm pretty sure a mumias rally should be in order soon...

i expect it to hit 16bob by end August


am of the same opinion.


Am I overly optimistic? With the anticipated good results and good dividend I see 18 silings towards results and 20 silings towards book closure for dividends.Drool Drool Drool
When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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