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UNGA anyone?
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Wa_ithaka
#651 Posted : Friday, November 26, 2010 7:33:13 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
The offer is now 4 jogoos as the price heads towards Ksh10 xd where I'll happily buy from you and you.
The Governor of Nyeri - 2017
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Sober
#652 Posted : Friday, November 26, 2010 10:24:48 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
I dont understand, i thought the price will rally as investors are out to get in and acquire he shares before books close for the handsome dividends. With two days remaining, am not seeing a miracle here.
This counters is heading towards the single digit price.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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guru267
#653 Posted : Friday, November 26, 2010 10:40:36 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sober wrote:
I dont understand, i thought the price will rally as investors are out to get in and acquire he shares before books close for the handsome dividends. With two days remaining, am not seeing a miracle here.
This counters is heading towards the single digit price.


@sober why would you rush/invest in a stock that stands to lose you more in capital than what you will earn form dividends??

Unga was a value trap from when it was at 14.5 Sad

Good thing I got out while I still could....

@VVS there are stocks that trade below book value and are cheap but Unga is not one of them... I hope one day you'll see that
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#654 Posted : Saturday, November 27, 2010 8:21:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
guru267 wrote:
@VVS there are stocks that trade below book value and are cheap but Unga is not one of them... I hope one day you'll see that
Classic Warren Buffett quote! Let me go to the AGM & see what's cutting...
[I bought more KK (& waiting for KPLC) so no more cash to buy Unga or I would have bought more]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#655 Posted : Saturday, November 27, 2010 10:04:17 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Sober wrote:
I dont understand, i thought the price will rally as investors are out to get in and acquire he shares before books close for the handsome dividends. With two days remaining, am not seeing a miracle here.
This counters is heading towards the single digit price.


mumias, safcom, kQ. all these shares did not appreciate on the run up to book closure, even though they had decent dividends. I guess capital (gains) appreciation takes first proirity over dividends for most investors.
The investor's chief problem - and even his worst enemy - is likely to be himself
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selah
#656 Posted : Tuesday, January 11, 2011 12:08:05 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
alikujia wrote:
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?


The seaboard management salaries are pegged on the profitability of the company and I think their mandate was to run the company for 5years and I dont know if its last years financial report they reported the mandate which was to expire that year was renewed for another 5 years....So for the long term(5years atleast) the management of Unga is in able hands.....but my fear for this counter is that it took them more than 10yrs to pay a dividend.another thing is that their subsidiaries might be a liability given that one of its subsidiary is dormant.lastly why is seaboard unwilling to buy a controlling stake in this company.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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VituVingiSana
#657 Posted : Tuesday, January 11, 2011 12:43:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
The ndegwas own a controlling stake. SeaBoard has 50% [need to look at the Annual Report] or so in the OPERATING SUBSIDIARY...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#658 Posted : Monday, December 09, 2013 10:37:10 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
http://www.businessdaily...2/-/ovv6pg/-/index.html

DILUTION DILUTION DILUTION!!

Share price likely to fall in the short term... Sad Pray Sad Pray Sad Pray

Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#659 Posted : Tuesday, December 10, 2013 12:31:29 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
guru267 wrote:
http://www.businessdailyafrica.com/Corporate-News/Ndegwa-family-diluted-in-Unga-s-buyout-of-bakery/-/539550/2105302/-/ovv6pg/-/index.html

DILUTION DILUTION DILUTION!!

Share price likely to fall in the short term... Sad Pray Sad Pray Sad Pray

Let it fall, let it fall, let it fall Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#660 Posted : Tuesday, December 10, 2013 3:10:02 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
http://www.businessdailyafrica.com/Corporate-News/Ndegwa-family-diluted-in-Unga-s-buyout-of-bakery/-/539550/2105302/-/ovv6pg/-/index.html

DILUTION DILUTION DILUTION!!

Share price likely to fall in the short term... Sad Pray Sad Pray Sad Pray

Let it fall, let it fall, let it fall Applause Applause Applause


In order to maintain the ratios it had before the new shares the price ought to fall to 13Bob...

That would be a blunder by Mr market because the new addition to the Unga family is likely to boost earnings since some of the directors and major shareholders were willing to be diluted for this cause!

I had just started phasing into this stock and a drop in the price is the best thing that could happen this December! Pray Drool Pray



Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Tuesday, December 10, 2013 3:11 AM | Reason: Not specified
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