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STOCKS TO WATCH IN 2010
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Njung'e
#11 Posted : Wednesday, December 30, 2009 7:27:32 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
...MSC....an acquisition is in the offing.I see it happening before end of 2010.
Nothing great was ever achieved without enthusiasm.
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sparkly
#12 Posted : Wednesday, December 30, 2009 7:34:28 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
NMG and BAT keep on surprising us with steady growth when you least expect. NBK and Kenya re are under valued
Life is short. Live passionately.
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the deal
#13 Posted : Wednesday, December 30, 2009 7:34:43 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Ja KQ is good 4 2011 i will definitely take my position in 2010.
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VituVingiSana
#14 Posted : Wednesday, December 30, 2009 8:30:31 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
MSC acquiring another firm/s or being acquired?

Note that MSC has indicated its interest in buying the neighbouring factories... mostly for the 'captive' sugarcane farms & outgrowers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Njung'e
#15 Posted : Wednesday, December 30, 2009 8:54:27 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@VVs,
Acquiring......although i do not think it would be for the purposes of getting more outgrowers........It's probably because Nzoia has the biggest cane nucleus in the country, which incidentally, borders Msc nucleus to the north.
Nothing great was ever achieved without enthusiasm.
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  | | Edit by user: Wednesday, December 30, 2009 8:57 AM | Reason: Not specified
VituVingiSana
#16 Posted : Wednesday, December 30, 2009 8:58:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@njunge - As I said... it would be both...

Mumias is the 2nd most efficient sugar mill & having more outgrowers is always a plus since they have the capacity to crush additional cane. Also more cane = more bagasse = more raw material for ethanol + electricity
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Njung'e
#17 Posted : Wednesday, December 30, 2009 9:15:42 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@VVS,
I agree but sugarcane outgrowing in Kenya is a huge headache since farms keep on thinning.If you were to ask any miller in Kenya,they would do anything to do away with outgrowers in exchange of vast sugarcane plantations.Not that i expect that to happen in this case but again,if MSC acquired NSC,would they have the capacity to handle all the cane from the nucleus leave alone outgrowers?.My answer is no,unless there are plans to fast-track a modern mill complete with cogen facilities to replace NSC.
Nothing great was ever achieved without enthusiasm.
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VituVingiSana
#18 Posted : Wednesday, December 30, 2009 9:40:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@njunge - Oh, I agree!!!

Most sugar firms are sick & tired of outgrowers coz of the politics, cost & low/poor supply/quality

MSC (according to a senior manager) has the capacity to absorb more cane (spread out evenly during the year) that comes from a nucleus estate.

Of course, improved cane varieties & husbandry in the nucleus estate means MSC would keep the NSC mill running for 2 more years then scrap it.

I think 2 years is sufficient to install additional (modern) milling capacity. Because of the proximity of NSC to MSC, there is no need to have 2 mills (as in separate locations)...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, December 30, 2009 9:43 AM | Reason: Not specified
Obi 1 Kanobi
#19 Posted : Wednesday, December 30, 2009 10:48:43 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
Any other exciting stocks to buy, could really appreciate the info. KQ and Mumias can't work for me. Something to do with what I do.

I generally believe KPLC is inefficient and nothing good will come out of it.

May be NMG and BAT, how about the banks, whatever happened to good old equity. what about Co-op.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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VituVingiSana
#20 Posted : Wednesday, December 30, 2009 11:11:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@obi - Your padwan looked for excitement... got his hand chopped off... (well, so did your padwan's son...)

I am a Warren Buffett fan... I like MOATS... and KPLC has a nice moat!

8/- dividend this year... hoping for 8/- (or more) in 2010.

KQ is cheap. P/B is less than 1 (NAV must be 42-45 currently). Earnings will be up this year based on the info provided at the AGM. KQ absorbed the wage increase in the 1H results.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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