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UNGA anyone?
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:Aguytrying wrote:youcan'tstopusnow wrote:guru, I must say, you are quick to cut your losses. You don't waste any time! very quick she is. Reminds me of darvas who used to stop the bleeding when it starts. Sigh, its so hard to sell!! Its easy to read between the lines of the results.... I was looking for more than 20bob on the counter and there is no way these results can take me anywhere near so i sold and moved on to something better I admire your exit strategy. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I'm wondering if guys are still holding this counter after the results??? I've so far moved from Mumias (bought at 12.1 and sold @ 12.5) to unga (bought at 13.5 and sold @12.80 :() now I've used whats left and I've bought kakuzi at 81.... Kakuzi i can hold for a year or 2 but lets wait for the results next year... :) Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,168 Location: Nairobi
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Someone bought Unga at 12/- & it wasnt me... I am pissed I missed the chance! Anyway, I am back on the Board at 12/-... REAL PORTFOLIO... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Since this thread started in May last year, this is is how the stock has behaved:  Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Someone bought Unga at 12/- & it wasnt me... I am pissed I missed the chance! Anyway, I am back on the Board at 12/-... REAL PORTFOLIO... @VVS be Careful this counter could pull an olympia on you especially when it goes ex div... BE VERY CAREFUL Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,168 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:Someone bought Unga at 12/- & it wasnt me... I am pissed I missed the chance! Anyway, I am back on the Board at 12/-... REAL PORTFOLIO... @VVS be Careful this counter could pull an olympia on you especially when it goes ex div... BE VERY CAREFUL Hmmm... I have faith in the assets of the firm... I am in for 3 years! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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@12.50 i have given up Unga today.I need money to increase my WTK.They report half year next month and i am sure they will be good.And a fair chance of a good interim dividend.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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All my Unga Sale proceeds are headed to DTB, though it is kind of hard given the rate at which this kind is rallyng. I must confess I lost here having got in at 14 and out at 12.70. Point is don't shy away from making losses. 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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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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VVS- looks like your short-trade has turned into a longterm investment The Governor of Nyeri - 2017
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:Someone bought Unga at 12/- & it wasnt me... I am pissed I missed the chance! Anyway, I am back on the Board at 12/-... REAL PORTFOLIO... @VVS be Careful this counter could pull an olympia on you especially when it goes ex div... BE VERY CAREFUL Hmmm... I have faith in the assets of the firm... I am in for 3 years! The long term (1 yr trend is bullish) Life is short. Live passionately.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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As for me, I have held Unga for a while now and I am indeed a long term shareholder in the counter. My main reason for buying it was its heavy discount on a Price to Book Value basis and its low PE for the last 3 years. I tend to buy when there is no interest on the counter so my average price is actually below 10. I thought this would finally be the year when my patience would be rewarded but alas.
The EPS growth was less than expected so price did not get to where I think it could potentially go - in the high teens to low 20s. At least there was a dividend payout, which is a good start. I will patiently wait for it to fall and then continue accumulating.
I am guessing it will not fall much below the current price while still cum-div. So, I will probably buy it ex-div unless it does indeed fall to say 11. I am betting we will once again see a price of 14-15 by February 2011. That is a return that I can live with.
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Rank: Chief Joined: 1/3/2007 Posts: 18,168 Location: Nairobi
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Wa_ithaka wrote:VVS- looks like your short-trade has turned into a longterm investment I don't speculate coz I am not good at it! If you check my prior posts... I bought it for the low P/B... I did expect a higher EPS so that is disappointing... I wanna read the Annual Report to see what they say... BTW, duty on wheat & maize has been dropped to 10% which is good news for millers... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/31/2008 Posts: 90
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Didn't I say this was one strange counter? Expect strange things to happen to it in the next 1 year.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Theres been a stand off today at unga, the asks are not budging, its a funny share. push and pull. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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A huge trade of 100k shares just took place on unga at 14bob... i wonder which daft person that was.... he will be burnt when the counter goes ex div Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I bet this is an across the books sale. This happens when you wish to move the price up/down. It's reasonably easy for a well heeled shareholder to do this at Unga. 100,000 shares is just a shade over 1.4 million. I am wondering when the share will get to my buying level if ever - below Kshs 11.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Relief...i hope he/she has wiped out the irritating supply...with 100K shares he is guaranteed a div cheaque of 50K...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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I never thought I'd see Unga above 13 bob again GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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youcan'tstopusnow wrote:I never thought I'd see Unga above 13 bob again Hoping i would see it at 16 
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@Jamani. In this business, I have learnt not to say NEVER, but I would place the price of 16 on Unga before the end of 2010 in the realm of highly unlikely. Keep on hoping!
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UNGA anyone?
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