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Mumias FY 2014
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jerry
#51 Posted : Thursday, September 11, 2014 3:42:23 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Sober wrote:
At sub 2.00 I bet I could buy the shares just for fun knowing the counter can't sink any further. What is the lowerst any share has ever sunk to?

1.6 ERDY?
The opposite of courage is not cowardice, it's conformity.
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Realtreaty
#52 Posted : Friday, September 12, 2014 1:34:43 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Mothers' narture is nolonger sweet. Hope this is the last loss and from here they gonna pull up their straws to draw sweet nectar.
The stock will be back to normal and by Dec it will be above 4 kes.
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VituVingiSana
#53 Posted : Friday, September 12, 2014 9:17:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Mumias did not get a bailout from Kamwana. Why not?

Anyway, let's see how much rot Ameyo & friends find in Mumias coz the more dirt, the more write-offs are needed even in FY 2015/16. Then the COMESA safeguards will come off. Will Mumias survive?

Yet, there is huge potential if Mumias can get its purchasing right i.e. cheaper cane [regardless of politics]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#54 Posted : Friday, September 12, 2014 9:31:25 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
According to kenyas political games,mumias must die first so that somebody gets more credit by raising it from total death or collapse
"Don't let the fear of losing be greater than the excitement of winning."
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MaichBlack
#55 Posted : Friday, September 12, 2014 10:20:10 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
dunkang wrote:
HaMaina wrote:
Othelo wrote:
why the over 10% drop before results are announced!


Good question everyone should ask themselves before selling.

Eti munauliza nini? Pray Pray Pray
Didn't you guys hear about a "PROFIT WARNING"? (Actually, its more of a greater loss "warning")

Profit warning the day before the results announcement??? The Kenyan system is a joke! What's the point? Imagine a fellow who buys a tonne of shares on Tuesday, you issue a profit warning on Wednesday and release the results on Thursday!!! There should be a minimum time set between issuing a profit warning and releasing the results! Otherwise I don't see the point of profit warnings!! Does the management just wake up the day before the results are released and realize, oops, the profits will be down by more than 25% [or the loss will be higher]???

CMA should be categorized as a comedy club! Some companies don't even give profit warnings! They get hit with a small fine which they pay using shareholders' money and life goes on!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Cde Monomotapa
#56 Posted : Saturday, September 13, 2014 10:50:27 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@Realtreaty Came across some interesting material on Sugar beets. This is by Brit farmers & millers.

Beets have their own dynamics. Very interesting

Video: Sugar beet campaign under way for 2014 http://www.fwi.co.uk/art...-under-way-for-2014.htm

http://www.fwi.co.uk/art...ace-hefty-price-cut.htm

Also, seems to be a concern of glut by the bigger/global millers, looking to cut production. Points to higher sugar futures going forward.

http://www.moneycontrol....traders-say_1174081.html
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a_abbass
#57 Posted : Saturday, September 13, 2014 11:27:23 AM
Rank: New-farer

Joined: 9/13/2014
Posts: 10
Location: Kenya
The counter still has a p/b of less than 1, assets are valuable and retained earnings could provide a temporary cushion.

Psychological value of 2 bob still holding, gone to 2.20 on Friday. A Dead-Cat-Bounce or a short term recovery?
No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation - Robert Rhea
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jerry
#58 Posted : Saturday, September 13, 2014 2:10:55 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
stock.enigma wrote:
Pesa Nane wrote:
Wealth erosion is monumental here. CMA should now just suspend this thing + operations should be suspended until a proper transparent audit including a verification of assets is done. I suspect a tyranny of alibabas. Sad Sad


Not before I add up @sh1 before Dec 14

What's there on 14th Dec or Dec 14?
The opposite of courage is not cowardice, it's conformity.
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jerry
#59 Posted : Saturday, September 13, 2014 2:13:52 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mlennyma wrote:
According to kenyas political games,mumias must die first so that somebody gets more credit by raising it from total death or collapse

You must be buying like crazy.
The opposite of courage is not cowardice, it's conformity.
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MaichBlack
#60 Posted : Saturday, September 13, 2014 3:57:25 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
jerry wrote:
mlennyma wrote:
According to kenyas political games,mumias must die first so that somebody gets more credit by raising it from total death or collapse

You must be buying like crazy.

Or just crazy!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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