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Mumias Sugar huge demand
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guru267
#251 Posted : Friday, August 16, 2013 12:13:24 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I'm selling on Monday at 4 bob and above smile
Mark 12:29
Deuteronomy 4:16
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hisah
#252 Posted : Friday, August 16, 2013 12:24:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwanahisa wrote:
hisah wrote:
mwanahisa wrote:
Supply has started streaming in ....156,300 shares at 4.00. Possibly others waiting in the wings..

As hisah would say, let's see if MSC will withstand the supply test.

Very dead cat bounce against that volume spike that led to the 20% nosedive. The bloodbath is not yet done. 3/- willl be tested since the 5yr low @3.60 has been broken. Won't be surprised to see it break below 3/-

#DontFightTheTrend


The supply at 4.00 has been taken out but it's still early days...

@hisah, how high do you expect the walking dead to bounce?

4.50/- should be a brick wall.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#253 Posted : Friday, August 16, 2013 12:30:19 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
I'm selling on Monday at 4 bob and above smile


Quick way of making money. Congrats ... The reverse is also true
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Ericsson
#254 Posted : Friday, August 16, 2013 12:40:16 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Mumias will be announcing full year results by August 31.
That will be the judge
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#255 Posted : Friday, August 16, 2013 12:50:22 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Ericsson wrote:
Mumias will be announcing full year results by August 31.
That will be the judge


They actually have upto 30th September because we are talking of audited full year results
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Ericsson
#256 Posted : Friday, August 16, 2013 12:52:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#257 Posted : Friday, August 16, 2013 12:55:50 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Ericsson wrote:
@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change


I now see your point. Cheers mate
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dunkang
#258 Posted : Friday, August 16, 2013 12:58:51 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Ericsson wrote:
@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change

Wasn't the CFO ousted a week or two ago?
Receive with simplicity everything that happens to you.” ― Rashi

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mwanahisa
#259 Posted : Friday, August 16, 2013 2:43:42 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
dunkang wrote:
Ericsson wrote:
@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change

Wasn't the CFO ousted a week or two ago?


I am almost certain that this year, they will drag their feet on reporting. Note that, they have also traditionally reported their first half results on the last Friday of January, but I guess that we can say that this was in the Kidero era. This year H1 results were announced on 27th February, the very last day allowed by NSE regulations.
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dunkang
#260 Posted : Friday, August 16, 2013 2:57:59 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mwanahisa wrote:
dunkang wrote:
Ericsson wrote:
@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change

Wasn't the CFO ousted a week or two ago?


I am almost certain that this year, they will drag their feet on reporting. Note that, they have also traditionally reported their first half results on the last Friday of January, but I guess that we can say that this was in the Kidero era. This year H1 results were announced on 27th February, the very last day allowed by NSE regulations.

Now i see you understand the phrase, 'its senseless to give bad news in a hurry'.
Receive with simplicity everything that happens to you.” ― Rashi

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