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PKoli
#211 Posted : Friday, September 03, 2010 2:14:01 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
My 2 cents wrote:
I am glad I followed this post after all the action is over. It has reaffirmed to me again that NO ONE KNOWS JACK!!!!!!!!!! Do not go by anything any 'Wazua expert' says; the market is unpredictable. Buy quality stocks (not that there is much choice in NSE) and hold for the long term. Amen.


There is a compination of knowledge and luck in the market.
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youcan'tstopusnow
#212 Posted : Friday, September 03, 2010 5:20:38 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
My 2 cents wrote:
I am glad I followed this post after all the action is over. It has reaffirmed to me again that NO ONE KNOWS JACK!!!!!!!!!! Do not go by anything any 'Wazua expert' says

Amen! We finally agree on something. I am guessing some Wazua 'guests' lost good money following 'experts'
GOD BLESS YOUR LIFE
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cnn
#213 Posted : Friday, September 03, 2010 5:36:59 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
The market will have the final say on this,look at the area it was trading at the close and a healthy supply.
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the deal
#214 Posted : Friday, September 03, 2010 5:39:40 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
My 2 cents wrote:
I am glad I followed this post after all the action is over. It has reaffirmed to me again that NO ONE KNOWS JACK!!!!!!!!!! Do not go by anything any 'Wazua expert' says

Amen! We finally agree on something. I am guessing some Wazua 'guests' lost good money following 'experts'

I still mantain my rating on MSC it's a hold/sell in the near term...msc has never produced ethanol before thus when the new plant gets commissioned in DEC 2011 its more likely it will not reach optimum production in the same year perhaps it will turn even 2 year later...
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youcan'tstopusnow
#215 Posted : Friday, September 03, 2010 5:52:35 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
the deal wrote:
I still mantain my rating on MSC it's a hold/sell in the near term...

deal, I agree. But the panic that people created was unbelievable
GOD BLESS YOUR LIFE
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winston
#216 Posted : Friday, September 03, 2010 6:14:10 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
PKoli wrote:
Horton wrote:
Winston, comesa will entertain any extension requests this time as this would be the 3rd extension spanning a decade. Again, if the market is opened, the consumer wins.


I think comesa will surely not entertain.

I will buy Mumias shares if I am sure they can withstand the competition, else I look for other companies on the NSE that are competing with the rest of Africa..


@Horton & Pkoli...if there is no extension there is going to be serious issues in the sugar belt. See how the government moved in to bail out panpaper. Can they afford a similar scenario with the 5 or so government sugar companies?

Consumer will win but jobs will be lost. And all the investment gone to waste.
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MaichBlack
#217 Posted : Friday, September 03, 2010 7:21:42 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,871
I think it's high time we as country did an audit on COMESA membership. What are the gains? What are the losses? Simple business-like approach to issues.

Any wazuan with facts and actual figures? And I mean something like last year we made x billion that we would not have made if we were not members of the COMESA. last year we 'lost' y billion that we would not have lost if we were not members of the COMESA.
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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Horton
#218 Posted : Friday, September 03, 2010 8:58:45 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Will Kenyan sugar sector meet Comesa safeguards deadline?

http://about.comesa.int:80//index.php?option=com_content&view=article&id=279:will-kenyan-sugar-sector-meet-comesa-safeguards-deadline-&catid=41:other-coverage&Itemid=69
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Gatheuzi
#219 Posted : Friday, September 03, 2010 10:12:33 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Given that 2012 is also the year when we go to the polls, it will be interesting how this unfolds.

If no extension is granted, and TARDA doesn't materialize, then MSC and the industry in general will have much to contend with.

For these reasons, I will prefer to keep off. However this doesn't mean guys won't make money.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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guru267
#220 Posted : Saturday, September 04, 2010 7:44:51 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
the deal wrote:
I still mantain my rating on MSC it's a hold/sell in the near term...

deal, I agree. But the panic that people created was unbelievable

This to me looked like a relief rally after a 14% loss in two days....

I agree with @qw.. that 12bob level has shown clear support to the counter but i still don't think its on its way up because huge supply keeps showing up above 13bob creating resistance...

Next weeks action should be interesting
Mark 12:29
Deuteronomy 4:16
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