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CMC 1H 2010-11
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mukiha
#11 Posted : Monday, May 23, 2011 4:51:29 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Wendz wrote:


Unfortunately for the wanjikus and fortunately for @VVS, the price controls seem to be controlled "upwards".... I think the OMs are making more money with the price controls than before the controls... compare prices per litre now and prices per litre when the barrel was selling at the highest before price controls.


Not quite: projections based on margins before control indicate that the price would now be approaching Sh130 for super in Nairobi.

The oft-quoted peak of oil prices lasted a very short time (few days) to have had a lasting effect on pump prices.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#12 Posted : Monday, May 23, 2011 7:41:06 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
@mukiha is right coz the rise to $140 for oil was rapid but had no staying power [lucky for us] AND the KES/US$ rate was 70/- or so.

Oil prices slipped from $140 to $40 rapidly which led to substantial losses for KK who had already 'bought' pricey fuel.

Plus at the time, the KPC, KPA & KPRL charges were lower than they are at present. Financing costs were also lower [remember the low interest rate environment at the time?]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#13 Posted : Thursday, May 26, 2011 12:39:08 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Look at the price of CMC today....its going up and up and up...I had said before this share will go up
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ProverB
#14 Posted : Thursday, May 26, 2011 12:50:11 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
FUNKY wrote:
Look at the price of CMC today....its going up and up and up...I had said before this share will go up


Ksh 1.00 up does not qualify for "....its going up and up and up..." especially when u factor in costs... at about 13-14..you can say more assuredly "....its going up and up and up..."
jus saying. smile
..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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FUNKY
#15 Posted : Thursday, May 26, 2011 1:52:06 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
ProverB it is up 10 percent today.
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mukiha
#16 Posted : Thursday, May 26, 2011 1:58:14 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
ProverB wrote:
FUNKY wrote:
Look at the price of CMC today....its going up and up and up...I had said before this share will go up


Ksh 1.00 up does not qualify for "....its going up and up and up..." especially when u factor in costs... at about 13-14..you can say more assuredly "....its going up and up and up..."
jus saying. smile

@ProverB; in case you didn't notice, CMC went up 10% yesterday and today it JUMPED another 10%....remember, this is the maximum allowed...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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FUNKY
#17 Posted : Tuesday, May 31, 2011 10:41:58 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
CMC 12 bob today...i am predicting it to reach 14-15 range by next month...
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mwanahisa
#18 Posted : Tuesday, May 31, 2011 11:29:15 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
FUNKY wrote:
CMC 12 bob today...i am predicting it to reach 14-15 range by next month...


On what basis?
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mwanahisa
#19 Posted : Tuesday, May 31, 2011 11:33:41 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I admit I have been surprised to see CMC cross the Kshs 12 level. I have seen it trade at around that level a few times in the past but the volumes were never convincing and usually the price has tended to fall fairly quickly after touching 12. I wonder what will happen this time?

See CMC price chart over the last 12 months.

http://www.bloomberg.com...ote?ticker=CMCH:KN#chart
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Wendz
#20 Posted : Tuesday, May 31, 2011 1:24:42 PM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
[quote=mwanahisa]I admit I have been surprised to see CMC cross the Kshs 12 level. I have seen it trade at around that level a few times in the past but the volumes were never convincing and usually the price has tended to fall fairly quickly after touching 12. I wonder what will happen this time?

See CMC price chart over the last 12 months.

http://www.bloomberg.com...te?ticker=CMCH:KN#chart[/quote]

That makes two of us.... What is pushing this share up? Did i miss some info somewhere? Well, am not complaining because it is on my next "get-rid-off list".
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