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UNGA anyone?
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VituVingiSana
#551 Posted : Thursday, September 30, 2010 11:00:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Wa_ithaka wrote:
Drought on the horizon. So how much more upside here?
Maize margins were poor and will remain so...
I think wheat will do OK coz most wheat is imported but can they pass on the costs to consumers?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#552 Posted : Thursday, September 30, 2010 11:05:38 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
VVS-that is my pt. You'll recall the previous drama over higher ngima prices.
The Governor of Nyeri - 2017
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the deal
#553 Posted : Thursday, September 30, 2010 12:09:18 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Unga did well....PBT up 29%...EPS 1.82...They have paid a dividend of 0.5 bob....it looks like the weak Kenyan shilling ate into the EPS...going forward i expect the Shilling to strengthen against the US$...the only worrying thing is the decline in sales people are not eating Ugali...i think Unga will continue to do well...
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youcan'tstopusnow
#554 Posted : Thursday, September 30, 2010 12:15:38 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
But what a standoff at the market! Bids are at around 13 while asks are at 13.90. Price looks likeky to come down
GOD BLESS YOUR LIFE
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VituVingiSana
#555 Posted : Thursday, September 30, 2010 12:17:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
US$ expected to weaken... Will KES weaken too against other currencies?

I like Unga's prospects as Kenya's economy grows though the high price of wheat & maize could be a problem... I think the opening up of EAC will benefit Unga as it expands into Uganda & Rwanda...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#556 Posted : Thursday, September 30, 2010 12:33:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Unga always takes long positions on their wheat stocks...high wheat prices are unlikely to affect the wheat margins in the 1H...The recent waiver in maize import duties will shield Unga from the up coming drought...remember they also recently signed a deal to import millet from UG mainly for their animal feed division....coupled with the EAC market the picture is bullish....the Kenyan Shilling being the main risk....
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qw25041985
#557 Posted : Thursday, September 30, 2010 2:05:00 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Seems i havd the last laugh on this issue. I told u ppl to leave this stock alone. Nobody listend . Although i dnt expect any more sell off ,the price was just screaming sell . All those who bought ugali for a quick buck u better be lickin your wonds.
So next time when i give a warnin u'll listen to me.
Your future depends on your dreams so go to sleep !
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ProverB
#558 Posted : Thursday, September 30, 2010 2:17:15 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
qw25041985 wrote:
Seems i havd the last laugh on this issue. I told u ppl to leave this stock alone. Nobody listend . Although i dnt expect any more sell off ,the price was just screaming sell . All those who bought ugali for a quick buck u better be lickin your wonds.
So next time when i give a warnin u'll listen to me.


hardly 2 weeks ago this was your statement..


qw25041985 wrote:
I am also bullish on ugali. I like the way supply is coming up at 14.50 and getting taken up.

( www.wazua.co.ke/forum.as...posts&t=8152&p=4 )
you can't have it both ways you know?
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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youcan'tstopusnow
#559 Posted : Thursday, September 30, 2010 4:29:37 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Down almost 9% today. It may pull off a Mumias (3 days on the trot down) I will hold.
GOD BLESS YOUR LIFE
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FundamentAli
#560 Posted : Thursday, September 30, 2010 4:46:57 PM
Rank: Veteran

Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Typical market reaction I would say. Good results = dip in share price. Maybe the results were not as good as expected. Bad results = increase in share price, in this instance the bad results were better than the expected losses
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