wazua Sun, Dec 1, 2024
Welcome Guest Search | Active Topics | Log In | Register

What is eating cmc?
murenj
#1 Posted : Monday, September 28, 2009 9:02:00 AM
Rank: Member


Joined: 7/22/2008
Posts: 851
Location: nairobi
Today it has dropped by 7%. I was expecting it to appreciate now that its end year results are near.

Muthonwa a Agikuyu
cnn
#2 Posted : Monday, September 28, 2009 9:16:00 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
This has puzzled me too,i bought at 11 bob thinking the price was rock bottom,today it has hit a low of 10.10,,anybody know?

see it through my lens?
Pretty
#3 Posted : Monday, September 28, 2009 9:31:00 AM
Rank: Member


Joined: 5/8/2009
Posts: 263
Location: Gigiri, Nairobi
@Murenj and Cnn

v Someone here told us that CMC has secured a supply tender for 120 VW Passats. I asked for source of information and the guy did not reply.

v Note,tomorrow is D-day for KenGen Bond. All eyes and money are heading there. So sell orders are at simply sell by all means necessary. I think closing day for the bond is tomorrow.

@Murenj

v I have a sneaking suspicion that this topic belongs to investment.


>>>>>>It saves you hell if you treat new acquaintances as enemies consistently until each proves otherwise or confirms - Jsanchiazh.
>>>>>>>In life,there are three classes of people,those who make things happen,those who watch things happen and those who ask what happened. Where do you fall?
>>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats

>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.

Where do you fall?
mukiha
#4 Posted : Monday, September 28, 2009 9:34:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
If ever there was a share that can replace the NSE-20 index,this would be it.

The index follows this share almost to the last decimal movement.



I wouldn't worry too much about the recent reduction in price....it's the same all over....look at EQTY,for example...

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
VituVingiSana
#5 Posted : Tuesday, September 29, 2009 11:06:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
Well,when the economy booms so do purchases of cars... Of course,the mitumbas have dented CMC sales but even I wud rather buy a mitumba. It's an affordability thing.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
stonemimi
#6 Posted : Wednesday, September 30, 2009 4:56:00 AM
Rank: Member


Joined: 5/16/2009
Posts: 145
@vitu

'I wud rather buy a mitumba. It's an affordability thing'

Then you are investing in CMC and expect returns !!! amazing.
mukiha
#7 Posted : Wednesday, September 30, 2009 6:29:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
@Vituvingisana;

Passenger cars are not their main market....and individual buyers are not their target in the passenger cars market either. Thus Mitumba are not a big threat for now.

They are big,very big in agricultural tractors,holding 90% of all sales in this,albeit small,market; quite big in light commercial vehicles and medium buses etc

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Users browsing this topic
Guest (2)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2024 Wazua.co.ke. All Rights Reserved.