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Mumias 2011 results
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mlennyma
#71 Posted : Wednesday, October 12, 2011 9:57:17 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Comesa safeguards extended for 2 more years.buy buy buy.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#72 Posted : Thursday, October 13, 2011 7:20:23 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
Comesa safeguards extended for 2 more years.buy buy buy.


SWEET!!!!!
Mark 12:29
Deuteronomy 4:16
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hisah
#73 Posted : Thursday, October 13, 2011 7:49:00 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
Comesa safeguards extended for 2 more years.buy buy buy.

How many times have these comesa safeguards been extended? How has the share price performed?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Gordon Gekko
#74 Posted : Thursday, October 13, 2011 8:06:58 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
I'm stuck in this counter at average ksh 14.15. Never exercised my stop loss percentage of 17% assuming things would get better. I pray the extension will enable me break even.
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mlennyma
#75 Posted : Thursday, October 13, 2011 8:10:34 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Some small firms like sony have doubled profitability during this period of high sugar prices.mumias will shock the world.
"Don't let the fear of losing be greater than the excitement of winning."
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sparkly
#76 Posted : Thursday, October 13, 2011 8:20:40 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
mlennyma wrote:
Comesa safeguards extended for 2 more years.buy buy buy.

How many times have these comesa safeguards been extended? How has the share price performed?

I had a discussion with a director of one of the private sugar companies. His take is that the removal of the comesa sugar safeguards will be inconsequential. Kenya is a sugar deficit country and even the surplus comesa sugar will not be enough. Meanwhile the main sugar producing countries like brazil are diverting sugar to ethanol.
Life is short. Live passionately.
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Cde Monomotapa
#77 Posted : Thursday, October 13, 2011 9:01:23 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Shweet! I think they'll be a mass sale of these sugar companies, consolidated bank and further Kengen in our next budget. County govt.fund raiser.
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youcan'tstopusnow
#78 Posted : Monday, January 02, 2012 10:32:37 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Sugar millers face lower earnings as cane shortage worsens

http://www.businessdaily.../-/vsvolvz/-/index.html

Sugar will be bittersmile
GOD BLESS YOUR LIFE
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VituVingiSana
#79 Posted : Tuesday, January 03, 2012 6:38:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
"Meanwhile, raw sugar futures ended 2011 as one of the weakest performing commodities of the year on the Thomson Reuters-Jefferies CRB index, tumbling 27.5 percent on investor liquidation and increased supplies.

ICE benchmark raw sugar futures closed the day lower on investor selling and book-squaring on the last trading day of 2011, pressured by big crops in the EU, Russia, Ukraine, India and Thailand."

Yikes... so without 'safeguards' Mumias is in big doo doo...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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innovator
#80 Posted : Tuesday, January 03, 2012 6:46:24 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
Did they pay divideds?
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