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UNGA anyone?
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guru267
#31 Posted : Monday, May 17, 2010 2:46:45 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mukiha wrote:
Since "money has no value unless you spend it", why not throw this float into Unga and forget about it?

Hhmm....


i am currently doing the same thing with any tiny amounts left in my account after a deal... i know this share price will have its day.. i just hope they can announce a dividend or bonus this year to boost the stock
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#32 Posted : Monday, May 17, 2010 9:44:14 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
For the half-year period ending December 2009 for Unga, the dollar was trading to the Kenya Shilling at an average of 75-76 shillings. Currently, it is trading at 78.70.
Personally, I don't think this is a significant enough slide to disrupt Unga's results due to currency weakening..
GOD BLESS YOUR LIFE
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VituVingiSana
#33 Posted : Tuesday, May 18, 2010 2:17:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
youcan'tstopusnow wrote:
For the half-year period ending December 2009 for Unga, the dollar was trading to the Kenya Shilling at an average of 75-76 shillings. Currently, it is trading at 78.70.
Personally, I don't think this is a significant enough slide to disrupt Unga's results due to currency weakening..
And maize is cheaper now coz of the rains... bumper crops (albeit with aflatoxin]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#34 Posted : Tuesday, May 18, 2010 12:15:00 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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youcan'tstopusnow
#35 Posted : Tuesday, May 18, 2010 12:32:31 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mukiha WROTE:
This is what I'm thinking:

Thanks to broker's oversight, I find myself with some float cash that was intended for CFC at sub-55. Now that it has gone over 60, I am no longer very interested in buying more.

Since "money has no value unless you spend it", why not throw this float into Unga and forget about it?

Hhmm....

mukiha, I thought you had already made your decision on UNGA when you wrote this. Ama umerudia CFC at 60?
GOD BLESS YOUR LIFE
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guru267
#36 Posted : Tuesday, May 18, 2010 2:27:34 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mukiha wrote:
What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do? What to do?


@mukiha as you said before this is money you are willing to put away and not look at again... its not like its school fees... there sometimes when the contrarians also make some serious cheese from what the market chooses to ignore...

i got in at 10bob with the same mentality and plan to get out at a crazy price of 78bob when the time comes smile
Mark 12:29
Deuteronomy 4:16
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the deal
#37 Posted : Tuesday, May 18, 2010 2:33:25 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ guru hehehe 78 bob...are u talkin of unga or something??? all the corruptness is in the maize...its ruto's friends first then unga number last...
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VituVingiSana
#38 Posted : Tuesday, May 18, 2010 5:43:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@the deal - Another crook since ruto is not selling university degrees!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kesh!
#39 Posted : Wednesday, May 19, 2010 1:41:06 AM
Rank: Member

Joined: 10/16/2008
Posts: 47
Can someone please enlighten me what unga and dollar have to do with each other. Kwani we r exporting unga ya chogoo abroad.lol!
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guru267
#40 Posted : Wednesday, May 19, 2010 8:02:41 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Kesh! wrote:
Can someone please enlighten me what unga and dollar have to do with each other. Kwani we r exporting unga ya chogoo abroad.lol!


@kesh unga does export abroad more so here in uganda and the rest of EA... the funny thing is that the kenya shilling weakening against the dollar is supposed to help exporters but in ugandas and EA's case due to currency pegs the strengthening of the dollar leads to the strengthening of the kenya shilling agaisnt these currencies...

this cant be good for unga tho i dont know bout the percenatge of their business that is abroad
Mark 12:29
Deuteronomy 4:16
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