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Mumias Sugar huge demand
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mwekez@ji
#661 Posted : Tuesday, July 22, 2014 9:48:35 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mlennyma wrote:
Mumias is still selling drinking water and some companies have made it with water only,my take is that we should not behave as if mumias is an empty debe,money will be made but my main interest now is to know their debt level before i enter,who can know?

Half Year water sales revenue was Kes. 14M, annualized its Kes. 28M. After deducting its cost centre, what will be left? Divide that by the 1.53B Mumias shares and tell us the EPS of the Water business

On the debt, it stood at Kes. 6.04B as at 30th June 2013.
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Akenyan2014
#662 Posted : Tuesday, July 22, 2014 10:21:17 AM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
What could be the 2013 results projections?
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mwekez@ji
#663 Posted : Tuesday, July 22, 2014 10:21:52 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Sufficiently Philanga....thropic wrote:
mawinder wrote:
hisah wrote:
Mumias stock plummets to an all-time low as woes persist

@mnandii - It is getting interesting with all the talk and headlines smile

@deal - the contrarian play is now very tempting...

The article is pure crap.Mumias listing price was Kshs 6.25 before they diluted the stock by a factor of 3.By then there were 510m shares against the current 1.53b shares.I remember it even traded at Kshs. 3.05 before the split!!!!!

What they had was not a stock split but a bonus of 2:1

Ditto @$p¥. The 2008 plunge was to factor the bonus in the share price. What caused the 2009-10 surge?
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mibbz
#664 Posted : Tuesday, July 22, 2014 10:22:23 AM
Rank: Member

Joined: 2/18/2011
Posts: 448
I thought some wazuans declared their love for the stock and that they shall buy at any price 2.50 and below.Well your wish is granted,massive supply at ksh 2.5 and so far no takers..

I believe people should stop investing with emotions or sentimental value.The day you realise its all a game of money is when you shall start making decent returns in bear runs.All the best to those on board, ksh 2.40 has printed.
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Fragments
#665 Posted : Tuesday, July 22, 2014 10:55:44 AM
Rank: Hello

Joined: 1/10/2014
Posts: 6
With only 1 year comesa extension,board room politics, banks attaching, low sugar cane from farmers, cheap illigal sugar imports...etc etc .will go for it when it touches 1.60.
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mlennyma
#666 Posted : Tuesday, July 22, 2014 11:05:02 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
@mwekezaji thanks..iam out and not ready to speculate dangerously
"Don't let the fear of losing be greater than the excitement of winning."
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cyruskulei
#667 Posted : Tuesday, July 22, 2014 11:07:06 AM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
Akenyan2014 wrote:
What could be the 2013 results projections?



Total disaster.
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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VituVingiSana
#668 Posted : Tuesday, July 22, 2014 11:08:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
It is likely that Mumias will declare a loss for 2013-14. And when there is no 'head' the mice/rats are probably stealing all they can... Good luck to MSC shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cyruskulei
#669 Posted : Tuesday, July 22, 2014 11:14:36 AM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
cyruskulei wrote:
Akenyan2014 wrote:
What could be the 2013 results projections?



Total disaster.


Demand drying up. Sub 2 coming soon
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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mlennyma
#670 Posted : Tuesday, July 22, 2014 11:19:58 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
A bank somewhere is watching
"Don't let the fear of losing be greater than the excitement of winning."
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