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Mumias Sugar huge demand
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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technician wrote:Pesa Nane wrote:technician wrote:streetwise wrote:For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob You have read my mind, imagine now 200K shares at 2 and price goes to 10 or 20 bob. There is no risk on this one, after all there is bailout. That's a familiar song! Heard it just before being shafted with the Ksh. 49.50 rights issues. Yes, Ksh. 49.50 per mumias sugar ordinary stock. MSC was risky for those who bought at 49.50 They bought high and they are now selling low Those are the investors that took a risk There is no risk for those buying now when it is low For that price, Home Afrika is a better buy. Life is short. Live passionately.
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Rank: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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sparkly wrote:
For that price, Home Afrika is a better buy.
I agree with you, but I have to choose one and because MSC was at this lower price first the choice had been determined by the market At Home Afrika AGM, they said they will start to sell their houses this year and profits will be reflected in their books of accounts next year, I am hoping for the bus of below 3 for Home Africa waits for me until that time.
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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technician wrote:sparkly wrote:
For that price, Home Afrika is a better buy.
I agree with you, but I have to choose one and because MSC was at this lower price first the choice had been determined by the market At Home Afrika AGM, they said they will start to sell their houses this year and profits will be reflected in their books of accounts next year, I am hoping for the bus of below 3 for Home Africa waits for me until that time. Not that I know, but just asking what are you basing your high hopes on Home Africa on? This is a company whose books have only come into the public domain in the past year or so. I think I would spent alot more time on a company like Eveready maybe it might actually become ready one day. And at least I have a breakdown on progresses and failures in their past records. “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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Rank: Veteran Joined: 4/23/2014 Posts: 931
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President Museveni at an Auction. He makes my day. http://www.kenyan-post.c...la-odingas-portrait.html“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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Rank: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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HaMaina wrote:technician wrote:sparkly wrote:
For that price, Home Afrika is a better buy.
I agree with you, but I have to choose one and because MSC was at this lower price first the choice had been determined by the market At Home Afrika AGM, they said they will start to sell their houses this year and profits will be reflected in their books of accounts next year, I am hoping for the bus of below 3 for Home Africa waits for me until that time. Not that I know, but just asking what are you basing your high hopes on Home Africa on? This is a company whose books have only come into the public domain in the past year or so. I think I would spent alot more time on a company like Eveready maybe it might actually become ready one day. And at least I have a breakdown on progresses and failures in their past records. Home Afrika has alot of capital that was put in by the investors that bought the IPO, they put in 10 billion shillings and now the company is valued at 1 billion, according to its share price, this share is a bargain at the price it is at. The company has assets worth more than 10 billion in houses it is building. What about the time these houses get sold and the company starts to make a profit. All these houses have already been booked and the buyers have paid deposits and the full amount to be paid once the houses are completed. http://www.homeafrika.com/gallery/
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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technician wrote:HaMaina wrote:technician wrote:sparkly wrote:
For that price, Home Afrika is a better buy.
I agree with you, but I have to choose one and because MSC was at this lower price first the choice had been determined by the market At Home Afrika AGM, they said they will start to sell their houses this year and profits will be reflected in their books of accounts next year, I am hoping for the bus of below 3 for Home Africa waits for me until that time. Not that I know, but just asking what are you basing your high hopes on Home Africa on? This is a company whose books have only come into the public domain in the past year or so. I think I would spent alot more time on a company like Eveready maybe it might actually become ready one day. And at least I have a breakdown on progresses and failures in their past records. Home Afrika has alot of capital that was put in by the investors that bought the IPO, they put in 10 billion shillings and now the company is valued at 1 billion, according to its share price, this share is a bargain at the price it is at. The company has assets worth more than 10 billion in houses it is building. What about the time these houses get sold and the company starts to make a profit. All these houses have already been booked and the buyers have paid deposits and the full amount to be paid once the houses are completed. http://www.homeafrika.com/gallery/
All the best in this enterprise, personally I would rather put my money in quil eggs, at least some people still believe the help in erec.... disfuction. “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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Rank: Veteran Joined: 4/23/2014 Posts: 931
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Interesting Read By SOLOMON CHEKWANDA http://businesstoday.co....d-sign-sugar-deal-uganda“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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Rank: Veteran Joined: 4/23/2014 Posts: 931
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In the News, I am yet to meet anyone who can comfortably say they are in business but they don't have any debt to suppliers, or as he puts it “It is normal for businesses to write to one another but Spectre’s commercial agreement with the miller did not have
any credit facility attached to it,” he said. -
Spectre refutes it owes Mumias Sh33m.http://www.the-star.co.k...es-it-owes-mumias-sh33m
[b] “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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Rank: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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HaMaina wrote:technician wrote:HaMaina wrote:technician wrote:sparkly wrote:
For that price, Home Afrika is a better buy.
I agree with you, but I have to choose one and because MSC was at this lower price first the choice had been determined by the market At Home Afrika AGM, they said they will start to sell their houses this year and profits will be reflected in their books of accounts next year, I am hoping for the bus of below 3 for Home Africa waits for me until that time. Not that I know, but just asking what are you basing your high hopes on Home Africa on? This is a company whose books have only come into the public domain in the past year or so. I think I would spent alot more time on a company like Eveready maybe it might actually become ready one day. And at least I have a breakdown on progresses and failures in their past records. Home Afrika has alot of capital that was put in by the investors that bought the IPO, they put in 10 billion shillings and now the company is valued at 1 billion, according to its share price, this share is a bargain at the price it is at. The company has assets worth more than 10 billion in houses it is building. What about the time these houses get sold and the company starts to make a profit. All these houses have already been booked and the buyers have paid deposits and the full amount to be paid once the houses are completed. http://www.homeafrika.com/gallery/
All the best in this enterprise, personally I would rather put my money in quil eggs, at least some people still believe the help in erec.... disfuction. So which stock are you putting your money on?
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Right now with teh NSE at a loss of 19% , all of them. This is the time when analysts are not useful, just buy and buy. By Dec you can make the 19%
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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I tead this in last weeks Nation, but sunce then silence. Is there anything new? Kenya: System Hitch Delays Mumias' Opening http://allafrica.com/stories/201508270596.html
“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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Rank: Veteran Joined: 4/23/2014 Posts: 931
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Kenya plans to merge two sugar firms, writes off $337m debt http://www.theeastafrica...6/-/uqhjybz/-/index.html“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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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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Competition coming from Mauritian producers/firms buying Kenyan firms. KISCOL is 25% owned by Omnicane. They have invested 18bn & plan to crush 3,000 tons daily. TransMara bought by SML. Plans to increase the crushing capacity to 1mn tons. http://www.businessdaily...20/-/sf05ck/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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At least some relatively good news, after all the political prophets of doom and their theatrics. Mumias resumes sugar production after a two-month break
http://www.businessdaily...46/-/tn5rkg/-/index.html“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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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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With the GOK on the side of MSC, the county is on the side of MSC, the political class is on the side of MSC, the farmers are on the side of MSC and MSC is on the side of MSC , it is difficult to see any doom.
They are called false prophets. Read my lips
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