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Mumias Sugar huge demand
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VituVingiSana
#31 Posted : Wednesday, October 10, 2012 1:04:02 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
[quote=dunkang]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...44#.UHPjljaUocs.twitter[/quote] 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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wilyum
#32 Posted : Thursday, October 18, 2012 9:11:24 AM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
is this counter still on course to go up past 6.5 before the book closure?
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FUNKY
#33 Posted : Tuesday, October 30, 2012 4:11:38 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Only three days left for book closure and this counter is going down instead of going up!!
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maka
#34 Posted : Tuesday, October 30, 2012 4:44:27 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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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dunkang
#35 Posted : Tuesday, October 30, 2012 5:16:19 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
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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innovator
#36 Posted : Tuesday, October 30, 2012 6:44:31 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
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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guru267
#37 Posted : Tuesday, October 30, 2012 6:53:30 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
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! Sad
Mark 12:29
Deuteronomy 4:16
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King G
#38 Posted : Tuesday, October 30, 2012 7:25:27 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
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! Sad


Wont mind 4.8 bob where we came from. Partially exited at 6.8 bob
Thieves
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hisah
#39 Posted : Wednesday, October 31, 2012 4:28:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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mlennyma
#40 Posted : Wednesday, October 31, 2012 4:35:34 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
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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