Wazua
»
Investor
»
Stocks
»
Mumias Sugar huge demand
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
cnn wrote:Some foreign buyers stepping in right at the end of the trading session for mumias sugar taking the turnover to 3.75 million shares @3.40,which also is the VWAP at the close...cartoonists,is that the bottom? Compare the volume... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
|
guru267 wrote:hisah wrote:@guru - still waiting at 3.50? You will get overfilled... Bought a huge chunk yesterday and today at between 3.4-3.6 bob! I can't see it below 3bob... Today might also provide a new support at 3.5! ??? The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
|
|
|
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
|
young wrote:guru267 wrote:hisah wrote:@guru - still waiting at 3.50? You will get overfilled... Bought a huge chunk yesterday and today at between 3.4-3.6 bob! I can't see it below 3bob... Today might also provide a new support at 3.5! ??? Aish bwana @young, you have edited this post... Thieves
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
Njung'e wrote:@guru,
No harm in disagreeing as long as you do not carry a machete.....but i would be very much interested to know where the growth will come from because so far and other than hot air,reality on the ground says otherwise......a big otherwise!
@Hisah,
6.50 would be more than good.....I'll stick to 3.50. @njung'e where are you? How is the reality on the ground?
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Someone wants Mumias down there.... "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
I've also taken note of this share. now what about the skeletons?? thats the game change. sugar guru, guide us The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Member Joined: 7/24/2010 Posts: 237 Location: nairobi
|
Aguytrying wrote:I've also taken note of this share. now what about the skeletons?? thats the game change.
sugar guru, guide us @njunge, where are you? You've never been wrong on this. Kwa wale walisikia walisaindika. Mimi mmoja wao.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Government suspends registration of sugar importersThe government has further advised all the 11 licensed millers to immediately suspend all their dedicated distributorships and open up to larger distribution network. "This will encourage direct sales of sugar to any willing buyer and retailers in order to help remove market distortions that are contributing to the unjustified price disparities," noted the Agriculture secretary.
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,621
|
Sharp reversal,zero supply.Where have all the sellers gone to overnight?
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
cnn wrote:Sharp reversal,zero supply.Where have all the sellers gone to overnight? GOK came to the rescue last night Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 4/30/2008 Posts: 6,029
|
guru267 wrote:cnn wrote:Sharp reversal,zero supply.Where have all the sellers gone to overnight? GOK came to the rescue last night That is not rescue if I may tell you.It is mere advice on their distributorship and the suspension is on new registrations.The registered ones will still continue to import sugar on the guise that it is enroute to Uganda and dump it in the market or underdeclare it and dump it in the market with the aid of KRA officials.The management also benefit from the distributors.
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
mawinder wrote:guru267 wrote:cnn wrote:Sharp reversal,zero supply.Where have all the sellers gone to overnight? GOK came to the rescue last night That is not rescue if I may tell you.It is mere advice on their distributorship and the suspension is on new registrations.The registered ones will still continue to import sugar on the guise that it is enroute to Uganda and dump it in the market or underdeclare it and dump it in the market with the aid of KRA officials.The management also benefit from the distributors. @mawinder the share price is disagreeing with you for now!  Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
|
Mambo bado......There will be blood all over in Sept. Nothing great was ever achieved without enthusiasm.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Njung'e wrote:Mambo bado......There will be blood all over in Sept. ... thats on release of full year to June 2013 results #FullYearREsultsExpectations
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
guru267 wrote:mawinder wrote:guru267 wrote:cnn wrote:Sharp reversal,zero supply.Where have all the sellers gone to overnight? GOK came to the rescue last night That is not rescue if I may tell you.It is mere advice on their distributorship and the suspension is on new registrations.The registered ones will still continue to import sugar on the guise that it is enroute to Uganda and dump it in the market or underdeclare it and dump it in the market with the aid of KRA officials.The management also benefit from the distributors. @mawinder the share price is disagreeing with you for now! I find this explaining todays jump " Mumias’ 14-day relative-strength index fell to 14.1 yesterday, the lowest since March 2009, according to data compiled by Bloomberg. A level below 30 signals to some technical analysts that the stock is oversold and set for to climb. The RSI rose to 32.9 today.
"
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Mgt has alot to do here including reducing the cost of production. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
|
Had agreed with some trader before market open, to sell me this stock at 3.50(a good block) then when he got the info,he took off. Im sure he's going to come looking for me later. But i'll be gone. @SufficientlyP
|
|
|
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
|
if this share ever touches 2.00 my house is sold.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Local sugar sector faces tough times as Comesa deadline loomsAccording to report, titled The Implementation Status of the Comesa Sugar Safeguards Comesa Sugar Safeguards by the Ministry of Trade, the sugar industry may not survive in the face of a deluge of cheaper sugar imports from Comesa countries. The Comesa safeguards ends in February 2014.
|
|
|
Wazua
»
Investor
»
Stocks
»
Mumias Sugar huge demand
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.
|