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Mumias Sugar huge demand
Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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hisah wrote:Watching this one keenly for I don't think 3/- will hold up when it breaks... @hisah did'nt get that clearly..., a likely of it going a new low!!! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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SittingPretty wrote:hisah wrote:Watching this one keenly for I don't think 3/- will hold up when it breaks... @hisah did'nt get that clearly..., a likely of it going a new low!!! The chart and vol spread is very bearish to make 3/- level a strong support. This counter has been breaking all time lows since cracking below 3.50/- (GFC all time low). Today a new low has printed @3.05.
Back in Nov 2013 a vol spike traded @3.50 and the price direction has been down. Last yr the highest vol spike was in July @4.30 - 4.50 level. That was distribution (selling).$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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hisah wrote:SittingPretty wrote:hisah wrote:Watching this one keenly for I don't think 3/- will hold up when it breaks... @hisah did'nt get that clearly..., a likely of it going a new low!!! The chart and vol spread is very bearish to make 3/- level a strong support. This counter has been breaking all time lows since cracking below 3.50/- (GFC all time low). Today a new low has printed @3.05.
Back in Nov 2013 a vol spike traded @3.50 and the price direction has been down. Last yr the highest vol spike was in July @4.30 - 4.50 level. That was distribution (selling). Thansk@Hisah Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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when I dont fetch the low, I'm motivated to buy more. @ sugar guru. say something The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/16/2014 Posts: 114
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this thing might not go below 3 bob not because of any change in attitude but due to sellers fatigue. If the support level at 3 is broken then 2.50 might be a reality too. fear makes people live a miserable life.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Kenya sugar output seen up 17% in 2014 - CNBC Africa http://www.cnbcafrica.co...tput-seen-up-17-in-2014/
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in..
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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MaichBlack wrote:MaichBlack wrote:I have an order pending at 3.00/=. I'm not adjusting it for now!!! Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!! Haya basi, nime adjust my order price to 3.10/= My order went through at 3.10/= Just ordered some more today!!! I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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MaichBlack wrote:MaichBlack wrote:MaichBlack wrote:I have an order pending at 3.00/=. I'm not adjusting it for now!!! Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!! Haya basi, nime adjust my order price to 3.10/= My order went through at 3.10/= Just ordered some more today!!! I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!! At Ksh 3.50/= you'll be on 11% appreciation  The volumes though..
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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ecstacy wrote:What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in.. hey! I wrote a long extract on mumias a few pages back bana. nav is around 9.00. can't wait to sell this at 13.00. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:ecstacy wrote:What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in.. hey! I wrote a long extract on mumias a few pages back bana. nav is around 9.00. can't wait to sell this at 13.00. The discount dealt by Mr Market is incredible. But the muddy waters in the sugar industry need to be cleaned out with strict policies. Till then Mr Market will continue being irrational. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Aguytrying wrote:ecstacy wrote:What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in.. hey! I wrote a long extract on mumias a few pages back bana. nav is around 9.00. can't wait to sell this at 13.00. OK, will check it out. Is it those cheap sugar imports and COMESA safeguard worries eroding this share?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Aguytrying wrote:ecstacy wrote:What is the current MSC stock valuation? At Ksh 3.10/= it seems quite battered! At below 3, I wonder whether I should consider getting in.. hey! I wrote a long extract on mumias a few pages back bana. nav is around 9.00. can't wait to sell this at 13.00. The discount dealt by Mr Market is incredible. But the muddy waters in the sugar industry need to be cleaned out with strict policies. Till then Mr Market will continue being irrational. That's what im buying, its a risk i see this happening The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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MaichBlack wrote:MaichBlack wrote:MaichBlack wrote:I have an order pending at 3.00/=. I'm not adjusting it for now!!! Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!! Haya basi, nime adjust my order price to 3.10/= My order went through at 3.10/= Just ordered some more today!!! I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!! My next order has just gone through at 3.10/=. Inaonekana hii peni moja ilikuwa inaleta shida. Made one last order. He he he. Swimming in the Sugar! Now I sit and wait!!! Had bought a good chunk of KPLC at 14.00/= but the next order of 14.00/= couldn't be serviced. Upped it to 14.50/= the last couple of days but still couldn't get any. I have just upped it again to 15.00/= Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Will it go below 3 bob?....Yes! Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Njung'e wrote:Will it go below 3 bob?....Yes! ... and whats your fair valuation of the company?
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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Njung'e wrote:Will it go below 3 bob?....Yes! Time to accumulate some more.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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mwekez@ji wrote:Njung'e wrote:Will it go below 3 bob?....Yes! ... and whats your fair valuation of the company? 3 bob and anything below is dirt cheap.I remember posting that at this point i will consider entry although i am yet to make up my mind reasons being that i am looking at the future,both short and medium. In the short,i would say,"Not good enough" as i do not see improvement in terms of production.(Currently standing at less than 67% of installed capacity). In the medium,Tarda might spur. In the long,kila mtu afunge punda wake mahali anapenda Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Njung'e wrote:mwekez@ji wrote:Njung'e wrote:Will it go below 3 bob?....Yes! ... and whats your fair valuation of the company? 3 bob and anything below is dirt cheap.I remember posting that at this point i will consider entry although i am yet to make up my mind reasons being that i am looking at the future,both short and medium. In the short,i would say,"Not good enough" as i do not see improvement in terms of production.(Currently standing at less than 67% of installed capacity). In the medium,Tarda might spur. In the long,kila mtu afunge punda wake mahali anapenda Asante sana guka. Will continue picking some more as the counter prints new all time lows. It will sometime shift from this dirt cheap valuation and some handsome money will end up in pocket. When you decide to start your buying, do let us know so we can pick in bucket loads. You are our valued sugar guru *much respect*
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:Njung'e wrote:mwekez@ji wrote:Njung'e wrote:Will it go below 3 bob?....Yes! ... and whats your fair valuation of the company? 3 bob and anything below is dirt cheap.I remember posting that at this point i will consider entry although i am yet to make up my mind reasons being that i am looking at the future,both short and medium. In the short,i would say,"Not good enough" as i do not see improvement in terms of production.(Currently standing at less than 67% of installed capacity). In the medium,Tarda might spur. In the long,kila mtu afunge punda wake mahali anapenda Asante sana guka. Will continue picking some more as the counter prints new all time lows. It will sometime shift from this dirt cheap valuation and some handsome money will end up in pocket. When you decide to start your buying, do let us know so we can pick in bucket loads. You are our valued sugar guru *much respect* much, much respect. keep us in the loop The investor's chief problem - and even his worst enemy - is likely to be himself
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