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UNGA anyone?
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VituVingiSana
#641 Posted : Thursday, October 28, 2010 3:23:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Nice!

I am a huge Warren Buffett fan... and this is what he says:

A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.

But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the “hamburgers” they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#642 Posted : Thursday, October 28, 2010 3:26:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Buffett has often said he doesn't get upset when the price of a stock he's bought goes down. If he's still convinced confident about the company's long-term prospects, he sees it as an opportunity to buy more shares at an even lower price.

I remain a net buyer of Unga - If I have the cash!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#643 Posted : Thursday, October 28, 2010 3:28:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Nice!

I am a huge Warren Buffett fan... and this is what he says:

A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.

But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the “hamburgers” they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.


@VVS this principle only works if the company behind the stock you are buying is sound and bound to grow earnings by innovative and competitive means

these are qualifications not met by unga unfortunately
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#644 Posted : Thursday, October 28, 2010 3:40:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@guru - That is your opinion. Not mine. I do my own research. I am willing to wait. My top picks have remained the same for a long time.

KK
KQ
KPLC
Unga
Williamson/Kapchorua

I have no reason (at these prices) to think otherwise.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KIRTI
#645 Posted : Thursday, October 28, 2010 3:46:56 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
Unga is a low trading share. bid for lower price. I got @11.90 today. My next bid is 11.60. If you are lucky then you will get it. If price goes down then i will increse & if its go up then i will sell it.
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Wa_ithaka
#646 Posted : Thursday, October 28, 2010 4:50:08 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Unga is now offering 3 Jogoos for anybody who buys 100 shares or more...

And holds for 10yrs. The shareprice will be the same as today.
The Governor of Nyeri - 2017
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VituVingiSana
#647 Posted : Thursday, October 28, 2010 4:52:21 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
I am not a good trader... I can't spot trends & have given up...

Hats off to folks like @gatheuzi + @stocksmaster for the trading strategies esp @stockmaster who shares every 'real' trade with us...

My style - served me well - is research as much as possible then buy what looks good...

I may have missed the boat on many good ones but I can't complain about the picks/purchases since 1 Jan 2010 BUT that is irrelevant! I need to look ahead & I look at 2013...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#648 Posted : Thursday, October 28, 2010 4:55:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Wa_ithaka wrote:
Unga is now offering 3 Jogoos for anybody who buys 100 shares or more...

And holds for 10yrs. The shareprice will be the same as today.
LOL... At least I will not go hungry!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#649 Posted : Friday, November 26, 2010 12:04:31 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Looks like there will be a massacre/bloodbath once this share goes ex-div. Great for the longtermers, not so good for the short-term folk
GOD BLESS YOUR LIFE
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alikujia
#650 Posted : Friday, November 26, 2010 3:17:41 PM
Rank: Member

Joined: 5/27/2010
Posts: 324
Location: nrb
are they growing their business or where will the momentum for price to up come from? -maybe a general stock boom across board. And if those seaboardmanagement are still there, i dont think much will come to small shareholders- they will skimming off any added value - or were their terms changed to incentivise them to increase overall value?
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