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Mumias Sugar huge demand
Rank: Chief Joined: 1/3/2007 Posts: 18,387 Location: Nairobi
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dunkang wrote:Mumias-Kakamega County: The embattled West Kenya Sugar Company has been ordered to quit its operations in Busia County or face serious consequences. The orders by stakeholders from the county comes closely after the high court sitting in Kakamega dismissed the company’s application seeking to dismiss a case filed by Mumias Sugar Company against West Kenya to stop poaching sugarcane from farmers contracted to it. A group of over thirty youth including ten farmers led
by a Director of Busia (Sugarcane) out growers Company
(BOCO) gave notice to West Kenya to stop its operations
in the County immediately saying that the only thing the company could have been allowed to do was to build a sugar factory in the county. http://westfm.co.ke/mobi...944#.UHPjljaUocs.twitter Blowhards. They have no say until the court decides. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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is this counter still on course to go up past 6.5 before the book closure?
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Only three days left for book closure and this counter is going down instead of going up!!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hisah wrote:mzalendomoja wrote:with a dividend yield of 8% we shall continue seeing a huge demand build up for the long term investors.I expect MSC to hit at least 7.50 by early Nov.Its a good buy. @7.50/- the P/E is still low @5.68 and the div yield will be 6.67%. I expect the P/E to be pushed at least to 6.5s which will see the price to shoot to 8.30 - 8.50 level. At 8.50 the div yield will be 5.88%.
...Nothing of the sort is happening in this case. possunt quia posse videntur
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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FUNKY wrote:Only three days left for book closure and this counter is going down instead of going up!! Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-. Am exiting this mbus!!!! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 7/24/2010 Posts: 239 Location: nairobi
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dunkang wrote:FUNKY wrote:Only three days left for book closure and this counter is going down instead of going up!! Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-. Am exiting this mbus!!!! Try to sweet talk @ njunge, he could have a clue what is happening down there.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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dunkang wrote:FUNKY wrote:Only three days left for book closure and this counter is going down instead of going up!! Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-. Am exiting this mbus!!!! You're right!! Price action cum div suggests a huge fall in the share price ex div!  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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guru267 wrote:dunkang wrote:FUNKY wrote:Only three days left for book closure and this counter is going down instead of going up!! Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-. Am exiting this mbus!!!! You're right!! Price action cum div suggests a huge fall in the share price ex div! Wont mind 4.8 bob where we came from. Partially exited at 6.8 bob Thieves
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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maka wrote:hisah wrote:mzalendomoja wrote:with a dividend yield of 8% we shall continue seeing a huge demand build up for the long term investors.I expect MSC to hit at least 7.50 by early Nov.Its a good buy. @7.50/- the P/E is still low @5.68 and the div yield will be 6.67%. I expect the P/E to be pushed at least to 6.5s which will see the price to shoot to 8.30 - 8.50 level. At 8.50 the div yield will be 5.88%.
...Nothing of the sort is happening in this case. Yep. This one has been shunned by div investors, most likely investors were not amused by the fact that the 4% PAT gain was due to tax credit while revenues dipped first time in 4yrs. The likelihood of crashing down to 5/- is very high exdiv.
Assuming the results for 2013 remain flat, the P/E is very low. At @6.05/- trailing P/E is 4.58. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Concerns are cane shortage and slow implementation of supporting projects. "Don't let the fear of losing be greater than the excitement of winning."
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