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Mumias FY 2014
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MaichBlack
#191 Posted : Monday, November 24, 2014 10:32:35 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
Realtreaty wrote:

Speculation on the Mumias Sugar Company counter by local investors incentivised by its low nominal price has pushed the stock to a six-week high price of Sh2.
Mumias gained 30 per cent over the past week, during which the counter saw heavy trading as bargain hunters and speculators bet on the counter that opened the week at Sh1.55, meaning an investor would only need about Sh1,600 to buy into the stock.
“Mumias Sugar edged up on the back of speculative local investor interest,” said Standard Investment Bank in a market report last week.

Why would one only need Kshs. 1,600/=??? Was the minimum number of shares one can buy changed to 1,000??? And they call this research???
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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MaichBlack
#192 Posted : Monday, November 24, 2014 10:34:18 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
RearView wrote:
mlennyma wrote:
Yaani this guys see no value added to mumias but only speculation.

I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses.

And the NAV of the company is...?
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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RearView
#193 Posted : Monday, November 24, 2014 1:17:40 PM
Rank: New-farer

Joined: 3/16/2014
Posts: 12
Location: Kisumu
MaichBlack wrote:
RearView wrote:
mlennyma wrote:
Yaani this guys see no value added to mumias but only speculation.

I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses.

And the NAV of the company is...?

The future outlook for the company is not based on any fundamental, but hope (sic)
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MaichBlack
#194 Posted : Monday, November 24, 2014 3:07:53 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
RearView wrote:
MaichBlack wrote:
RearView wrote:
mlennyma wrote:
Yaani this guys see no value added to mumias but only speculation.

I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses.

And the NAV of the company is...?

The future outlook for the company is not based on any fundamental, but hope (sic)

You did not answer my question!

What is the NAV for MSC???
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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Kastone
#195 Posted : Monday, November 24, 2014 4:12:35 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
MaichBlack wrote:
Realtreaty wrote:

Speculation on the Mumias Sugar Company counter by local investors incentivised by its low nominal price has pushed the stock to a six-week high price of Sh2.
Mumias gained 30 per cent over the past week, during which the counter saw heavy trading as bargain hunters and speculators bet on the counter that opened the week at Sh1.55, meaning an investor would only need about Sh1,600 to buy into the stock.
“Mumias Sugar edged up on the back of speculative local investor interest,” said Standard Investment Bank in a market report last week.

Why would one only need Kshs. 1,600/=??? Was the minimum number of shares one can buy changed to 1,000??? And they call this research???


nice one. Only speculators can save this stock for now unless/until Govt. decides to come in
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Mucene
#196 Posted : Monday, November 24, 2014 4:25:39 PM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
MaichBlack wrote:
RearView wrote:
MaichBlack wrote:
RearView wrote:
mlennyma wrote:
Yaani this guys see no value added to mumias but only speculation.

I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses.

And the NAV of the company is...?

The future outlook for the company is not based on any fundamental, but hope (sic)

You did not answer my question!

What is the NAV for MSC???


6.95/= as at 30 June 14 but the losses have been reducing it by almost 20% annually.
A current ratio of 0.4 and a negative working capital means MSC is almost insolvent
If you don't want to go to plan B have a good plan A.
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HaMaina
#197 Posted : Monday, December 01, 2014 9:48:10 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
The final week to the AGM is finally here, soon we shall know if we shall have a beer with smiles on our faces or with tears in our eyes, either way we shall have a beer.
smile Pray smile Pray smile Pray smile Pray smile Pray smile Pray smile Pray smile Pray
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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streetwise
#198 Posted : Monday, December 01, 2014 10:21:09 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Now that you mention beer...the company should go full throttle and produce alcohol..what does it take.?
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MaichBlack
#199 Posted : Monday, December 01, 2014 11:21:15 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
HaMaina wrote:
The final week to the AGM is finally here, soon we shall know if we shall have a beer with smiles on our faces or with tears in our eyes, either way we shall have a beer.
smile Pray smile Pray smile Pray smile Pray smile Pray smile Pray smile Pray smile Pray

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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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Fyatu
#200 Posted : Tuesday, December 02, 2014 7:09:44 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
I visited tuskys yesterday (a mashinani one) and made a very interesting observation. Most shoppers were buying jogoo, exe, and even hostess(ignoring pembe, taifa etc) as far as flour was concerned. When it came to sugar most were buying the clean and white Sony sugar ignoring that ugly-looking-tuskys-branded sugar, suggesting Kenyans know their brands and want to use them at home. The question to ask is why is mumias sugar not on the shelves? It used to be the clean white(no pun) sugar that everyone was piling on their baskets. Guys at Mumias must pull up their socks. When is the last time a Mumias sugar ad came on tv,radio, newspaper or even social media? Its either management is full of 'akili za kukus' i mean chicken brains or this is clear sabotage
Dumb money becomes dumb only when it listens to smart money
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  | | Edit by user: Tuesday, December 02, 2014 7:15 AM | Reason: Not specified
45 Pages«<1819202122>»
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