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Unga Group H1 2014/2015 PAT grows by 78%

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VituVingiSana		#11 Posted : Thursday, May 14, 2015 8:59:39 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		Boris Boyka wrote: VituVingiSana wrote: Some decent sized trades in Unga - which has relatively few trades as 72% of the shares are held by the top 20 shareholders. Rains = more maize = lower prices for maize flour = more sales volumes http://www.businessdaily...-/14duyf2z/-/index.html As is, millers are holding the line on prices as electricity prices rise, inflation is up and KES is weak. Overall, I expect Unga to have record profits in 2014-15 [year ending 30 June] as the wheat mill is running at capacity [CEO at the AGM] while the maize division is doing better. Unga Group also acquired the rest of Unga Uganda which has some valuable property. Heavy prolonged rains destroy crops! True but Nairobi isn't Kenya. We hardly grow anything in Nairobi. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#12 Posted : Thursday, May 14, 2015 9:01:42 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		mazingira wrote: How is the Ennsvalley Divison doing Unga bought (or paid for) Ennsvalley in 2015 so it is hard to say. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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