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UNGA anyone?
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gatoho
#681 Posted : Thursday, April 24, 2014 12:34:40 AM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
VituVingiSana wrote:
cnn wrote:
@vvs..this used to be one of your favorites some time back.Are you still in? Also which other counters if any do you hold at the moment?
I like it as a firm and I am still in. The overall sector will grow but Unga's place in it worries me a lot. It needs different thinking which leverages its assets rather than a complete new direction which costs (Rights) money! If the Ndegwas are ready to let someone else control the firm then a strong strategic partner can come in...

@Vvs followed you on this, got in at 10 and lower, and now disembarking at 24... wherever you like your Cold Tusker..
Foresight..
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VituVingiSana
#682 Posted : Thursday, April 24, 2014 1:41:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
gatoho wrote:
VituVingiSana wrote:
cnn wrote:
@vvs..this used to be one of your favorites some time back.Are you still in? Also which other counters if any do you hold at the moment?
I like it as a firm and I am still in. The overall sector will grow but Unga's place in it worries me a lot. It needs different thinking which leverages its assets rather than a complete new direction which costs (Rights) money! If the Ndegwas are ready to let someone else control the firm then a strong strategic partner can come in...

@Vvs followed you on this, got in at 10 and lower, and now disembarking at 24... wherever you like your Cold Tusker..
Drool Drool Drool Not waiting around for the dividend? And asante. An interesting tidbit... Unga used to sell a beer home-brewing kit many years ago!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#683 Posted : Thursday, May 22, 2014 3:40:14 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
30 bob pap! Applause
Mark 12:29
Deuteronomy 4:16
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guru267
#684 Posted : Thursday, May 22, 2014 11:38:13 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sad how people are always chasing bluechips when all the money is in the small caps!

Mark 12:29
Deuteronomy 4:16
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Speculz
#685 Posted : Friday, May 23, 2014 9:26:08 AM
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Joined: 5/6/2011
Posts: 391
Location: Nairobi
Guru , where do you see Unga hitting?
"You can't have everything. Where would you put it?" - Stephen Wright
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guru267
#686 Posted : Friday, May 23, 2014 9:31:54 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Speculz wrote:
Guru , where do you see Unga hitting?


35-40 is fair value
Mark 12:29
Deuteronomy 4:16
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cnn
#687 Posted : Friday, May 23, 2014 3:23:06 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
Unga group will mostly likely give a 100% return this year,the low liquidity my big issue with it.
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guru267
#688 Posted : Friday, May 23, 2014 4:23:30 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
cnn wrote:
Unga group will mostly likely give a 100% return this year,the low liquidity my big issue with it.


If one is long term.. small caps is the way to go!
Mark 12:29
Deuteronomy 4:16
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murchr
#689 Posted : Friday, May 23, 2014 4:51:41 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
I played this counter on the Fantasey market but dint actualize it in reality, am now eating my fingers #bummer
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Angelica _ann
#690 Posted : Friday, May 23, 2014 4:53:06 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Touched a high of 32. Ok. after a long time, it has finally taken off. Who is next!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Fyatu
#691 Posted : Friday, May 23, 2014 7:37:36 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
murchr wrote:
I played this counter on the Fantasey market but dint actualize it in reality, am now eating my fingers #bummer


ditto!
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#692 Posted : Tuesday, June 03, 2014 3:36:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
Kenblest of Thika is expanding its milling capacity. http://www.businessdaily...0/-/ogudbm/-/index.html

Is this good news [the industry is expanding] or bad news [increased competition for Unga]?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#693 Posted : Tuesday, June 03, 2014 8:10:11 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Kenblest of Thika is expanding its milling capacity. http://www.businessdaily...0/-/ogudbm/-/index.html

Is this good news [the industry is expanding] or bad news [increased competition for Unga]?


As long as Kenyans continue eating Ugali there will always be enough market for all to grow!
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#694 Posted : Tuesday, June 03, 2014 9:22:39 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
Kenblest of Thika is expanding its milling capacity. http://www.businessdaily...0/-/ogudbm/-/index.html

Is this good news [the industry is expanding] or bad news [increased competition for Unga]?


As long as Kenyans continue eating Ugali there will always be enough market for all to grow!
Ugali is not where the money or expansion is. Wheat is where it is at. And just because the market expands, it does not mean it remains profitable for the current players.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#695 Posted : Tuesday, June 03, 2014 11:51:48 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
Kenblest of Thika is expanding its milling capacity. http://www.businessdaily...0/-/ogudbm/-/index.html

Is this good news [the industry is expanding] or bad news [increased competition for Unga]?


As long as Kenyans continue eating Ugali there will always be enough market for all to grow!
Ugali is not where the money or expansion is. Wheat is where it is at. And just because the market expands, it does not mean it remains profitable for the current players.


Whether its maize or wheat Unga Ltd iko ndani!

Nothing but money money money in this sector!
Mark 12:29
Deuteronomy 4:16
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The optimist
#696 Posted : Monday, June 23, 2014 12:02:14 PM
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The optimist
#697 Posted : Wednesday, July 09, 2014 11:35:58 AM
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Joined: 6/14/2010
Posts: 521
Location: Nairobi
New 52 week high of 38.50
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obiero
#698 Posted : Wednesday, March 29, 2017 6:54:32 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,530
Location: nairobi
VituVingiSana wrote:
sparkly wrote:
cnn wrote:
@wa-ithaka,even if somebody placed a bid with their broker at 13.50,why would the broker go ahead and execute at the higher price there being lower offers.? Well of course apart from his own interests.


A wazuan is trying to up the price ... mukiha, guru, VVS?
Stop being an idiot. Why would I want to pat 13.50 for a stock where sellers abound at 12.75?

July 21st, 2010

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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obiero
#699 Posted : Monday, October 02, 2017 7:32:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,530
Location: nairobi
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
Kenblest of Thika is expanding its milling capacity. http://www.businessdaily...0/-/ogudbm/-/index.html

Is this good news [the industry is expanding] or bad news [increased competition for Unga]?


As long as Kenyans continue eating Ugali there will always be enough market for all to grow!
Ugali is not where the money or expansion is. Wheat is where it is at. And just because the market expands, it does not mean it remains profitable for the current players.


Whether its maize or wheat Unga Ltd iko ndani!

Nothing but money money money in this sector!

Two blind men? http://www.businessdaily...20292-mi710jz/index.html

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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VituVingiSana
#700 Posted : Monday, October 02, 2017 8:51:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
obiero wrote:
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
Kenblest of Thika is expanding its milling capacity. http://www.businessdaily...0/-/ogudbm/-/index.html

Is this good news [the industry is expanding] or bad news [increased competition for Unga]?


As long as Kenyans continue eating Ugali there will always be enough market for all to grow!
Ugali is not where the money or expansion is. Wheat is where it is at. And just because the market expands, it does not mean it remains profitable for the current players.


Whether its maize or wheat Unga Ltd iko ndani!

Nothing but money money money in this sector!

Two blind men? http://www.businessdaily...0292-mi710jz/index.html

Poor baby. Still upset about KQ's losses? Laughing out loudly Laughing out loudly Laughing out loudly
Unga doesn't screw over lenders or suppliers or GoK... Shame on you Shame on you Shame on you
Positive NAV. NAV/Share > Price/Share
Write-offs (provisions) to clean up (potential) bad debts. [good move by management esp for Nakumatt bad debt.] The lenders to KQ should have seen the signs (like many did on Wazua) and stopped lending to KQ.

Back to Unga. Good move to write-off (provide) the bad debts owed by Nakumatt in KE and UG. And a good decision to close a loss-making unit in UG instead of running loss-making routes like Hanoi [until Mikosz closed it].

What would piss me off and make me dispose of Unga shares if the trend of losses & provisions continues without a game plan year-in and year-out. Ohana of KK has also been writing off bad debts [KPRL] with a view to cleaning up the Balance Sheet of dead assets. KK can then be sold off to an interested party as a clean firm.

Hutchinson too needs to clean up Unga's Balance Sheet of impaired goodwill, bad debts, Uganda subsidiary, etc [dead assets] and concentrate on making real profits.

Since Centum is in UG, Unga should partner and re-develop their factory land into warehouses. Centum has done well in finding buyers for their properties and could help Unga exit UG with some cash that can be deployed into expanding wheat milling and storage in Kenya.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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