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Mumias Sugar huge demand
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Pesa Nane
#2571 Posted : Monday, May 06, 2019 8:20:06 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
obiero wrote:
HaMaina wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
ARAPCHARLEE wrote:
What!!!!!!The biggest concern is will this trade beyond negative Zero🧐🤪😳😳😳🤯

Not possible technically on the NSE tickerboard but practically it's already literally at zero




But on trading it fares much better than it's fundamentals.On the week between 4th-8th March 2019 it traded 958,000 at the price of 0.55-0.58
The market views mumias technically positive.It will only take suspension for it not to trade.

That kind of volume on such a counter implies hopelessness.. Chukua mabaki yaliyomo na usiangalie nyuma


Hopelessness like the one that rocked KQ recently!

KQ average trade of shares has been 45,000 per day over the last 3 years!!! No real minority shareholder is going out


Personally, Mumbai ?? trading at .37 is a buy signal for me and i'll keep buying. KQ at 4.3 is trading at 1.08 post consolidation. And I see it dropping from 4 bomb to 1.5 or even .95. I'll be waiting.

Hard drugs! KQ is trading post consolidation.. You don't remember that KQLC bought at KES 2.13

Pesa Nane plans to be shilingi when he grows up.
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HaMaina
#2572 Posted : Monday, May 06, 2019 8:39:55 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Pesa Nane wrote:
obiero wrote:
HaMaina wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
ARAPCHARLEE wrote:
What!!!!!!The biggest concern is will this trade beyond negative Zero🧐🤪😳😳😳🤯

Not possible technically on the NSE tickerboard but practically it's already literally at zero




But on trading it fares much better than it's fundamentals.On the week between 4th-8th March 2019 it traded 958,000 at the price of 0.55-0.58
The market views mumias technically positive.It will only take suspension for it not to trade.

That kind of volume on such a counter implies hopelessness.. Chukua mabaki yaliyomo na usiangalie nyuma


Hopelessness like the one that rocked KQ recently!

KQ average trade of shares has been 45,000 per day over the last 3 years!!! No real minority shareholder is going out


Personally, Mumbai ?? trading at .37 is a buy signal for me and i'll keep buying. KQ at 4.3 is trading at 1.08 post consolidation. And I see it dropping from 4 bomb to 1.5 or even .95. I'll be waiting.

Hard drugs! KQ is trading post consolidation.. You don't remember that KQLC bought at KES 2.13



Pesa Name, am at my local they don't sell soup or water there. They sell a byproduct of the Sugar industry.As I said before I honestly don't see how a sitting government can sit back and watch an entire communities livelihood go down the drain. I'm waiting to be proven wrong.
“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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Ebenyo
#2573 Posted : Tuesday, May 07, 2019 2:16:57 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Mumias sugar was yesterday the third best in trading.1,594,900 shares were traded at kshs 0.33.This was up from kshs 0.32 on Friday.This indicates demand was high.
Towards the goal of financial freedom
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VituVingiSana
#2574 Posted : Tuesday, May 07, 2019 5:31:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ebenyo wrote:
Mumias sugar was yesterday the third best in trading.1,594,900 shares were traded at kshs 0.33.This was up from kshs 0.32 on Friday.This indicates demand was high.

Put it in perspective for us. What was the value traded?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#2575 Posted : Tuesday, May 07, 2019 7:18:11 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
Ebenyo wrote:
Mumias sugar was yesterday the third best in trading.1,594,900 shares were traded at kshs 0.33.This was up from kshs 0.32 on Friday.This indicates demand was high.

Put it in perspective for us. What was the value traded?



The technical aspect does not consider value of shares traded.
Towards the goal of financial freedom
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Realtreaty
#2576 Posted : Tuesday, May 07, 2019 9:55:12 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
President Uhuru should take lead in ensuring Mumias and other sugar companies that are majority Govt owned have strict board appointees while Govt appointee should strictly follow the rules of govt to help create employment and make money.

They should be forced to have quarterly reports
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Njunge
#2577 Posted : Wednesday, May 08, 2019 9:22:17 AM
Rank: Elder

Joined: 2/7/2007
Posts: 921
Realtreaty wrote:
President Uhuru should take lead in ensuring Mumias and other sugar companies that are majority Govt owned have strict board appointees while Govt appointee should strictly follow the rules of govt to help create employment and make money.

They should be forced to have quarterly reports


I would agree to some extent but as it is, the gaament does not have full control over who becomes a board. Even then, the current gaament appointed board members at Mumias are totally clueless and are partly to blame for the mess there. I still hold that Western politicians would have saved MSc, unfortunately, they speak not one language while a majority are deep in the pockets of Rai.... This being the case and it's well known by Uhuru, who is he to care?
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FUNKY
#2578 Posted : Wednesday, May 08, 2019 9:26:48 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Njunge wrote:
Realtreaty wrote:
President Uhuru should take lead in ensuring Mumias and other sugar companies that are majority Govt owned have strict board appointees while Govt appointee should strictly follow the rules of govt to help create employment and make money.

They should be forced to have quarterly reports


I would agree to some extent but as it is, the gaament does not have full control over who becomes a board. Even then, the current gaament appointed board members at Mumias are totally clueless and are partly to blame for the mess there. I still hold that Western politicians would have saved MSc, unfortunately, they speak not one language while a majority are deep in the pockets of Rai.... This being the case and it's well known by Uhuru, who is he to care?


You mean kabras is the reason for downfall of mumias?
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HaMaina
#2579 Posted : Wednesday, May 08, 2019 4:35:36 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Senate rejects privatization of state owned sugar millers

https://www.kbc.co.ke/se...te-owned-sugar-millers/
Liar Liar Liar Liar

This must be the same old KBC hogwash nonsense.
“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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FUNKY
#2580 Posted : Wednesday, May 08, 2019 4:41:47 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
I don't think farmers will oppose this move as all private Miller's are making profits and paying farmers on time.
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