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Mumias Sugar huge demand
Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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LevelUpLegal wrote:if I spend ksh1oo,ooo to buy Mumias shares at ksh o.30 thereabout, I will have about 33o,ooo shares right?  if any time in the next 1o years, the shares get to ksh3o, I would sell them off & make ksh1o,ooo,ooo if at any time in next 1o years, the shares get to ksh 1o then, I would make ksh3,ooo,ooo if they get to ksh 5 bob any time in the next 1o years, I would make ksh1,6oo,ooo For me to make 10m Bob in my legal work right now, I have to do transfer of 1oo parcels of land or property of average value, that means about 1oo Clients that are ready to pay. Simply put, I think Mumias is too cheap right now to lose any money from & feel bad about it. Just one ksh1oo,ooo iPhone is enough investment, Haya chekeni basi!   Tuko pamoja I have 50k units at 0.28/- it's a chance to make or lose money, might get burnt or might get some clean money. To Each His Own
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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LevelUpLegal wrote:if I spend ksh1oo,ooo to buy Mumias shares at ksh o.30 thereabout, I will have about 33o,ooo shares right? if any time in the next 1o years, the shares get to ksh3o, I would sell them off & make ksh1o,ooo,ooo if at any time in next 1o years, the shares get to ksh 1o then, I would make ksh3,ooo,ooo if they get to ksh 5 bob any time in the next 1o years, I would make ksh1,6oo,ooo For me to make 10m Bob in my legal work right now, I have to do transfer of 1oo parcels of land or property of average value, that means about 1oo Clients that are ready to pay. Simply put, I think Mumias is too cheap right now to lose any money from & feel bad about it. Just one ksh1oo,ooo iPhone is enough investment, Haya chekeni basi! When CMA reacts ARM style ndio utajua hujui... But the probability of CMA growing teeth overnight is very remote...Losing 100K is not painful just go ahead and risk. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Look who owns 100k shares of De monkey, i don't know why I am stupidly throwing cash at this fire but I am, maybe I might hit ksh 100k like the guy above, I am at a 0.33 average and the share has a 12 month low of 0.27 let me bask as my dollars burn. To Each His Own
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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What caused the sudden panic sell ? I even managed a few @ Ksh 0.27, problem is opportunity and ability rarely go hand in hand. “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: 5/5/2011 Posts: 1,059
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HaMaina wrote:What caused the sudden panic sell ? I even managed a few @ Ksh 0.27, problem is opportunity and ability rarely go hand in hand. There was some news last week about DCI going after some top officials, but the volumes sold at 0.27 were very low, I think it was just manipulation sell a few at throw away price, when kondoo follow scoop up the spoils, I currently have almost 600k monkey shares. To Each His Own
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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kayhara wrote:HaMaina wrote:What caused the sudden panic sell ? I even managed a few @ Ksh 0.27, problem is opportunity and ability rarely go hand in hand. There was some news last week about DCI going after some top officials, but the volumes sold at 0.27 were very low, I think it was just manipulation sell a few at throw away price, when kondoo follow scoop up the spoils, I currently have almost 600k monkey shares. Yaani, which "big shot" is looking at buying Mumias? Even 10mn shares = 3mn which is less 10,000 BAT Greedy 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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kayhara wrote:HaMaina wrote:What caused the sudden panic sell ? I even managed a few @ Ksh 0.27, problem is opportunity and ability rarely go hand in hand. There was some news last week about DCI going after some top officials, but the volumes sold at 0.27 were very low, I think it was just manipulation sell a few at throw away price, when kondoo follow scoop up the spoils, I currently have almost 600k monkey shares. Also likely they'll be a printed profit warning kesho. “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: Elder Joined: 2/7/2007 Posts: 921
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@Msc junkies. Look out for MSC revival plan by the Oparanya appointed task force. I think launching will be on 4th Sept by the governor himself.
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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Njunge wrote:@Msc junkies. Look out for MSC revival plan by the Oparanya appointed task force. I think launching will be on 4th Sept by the governor himself. Mumias Sugar did not recocnise the Oparanya task force, it might be difficult for them to have any impact on the company. But lets wait and see. “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: Elder Joined: 2/7/2007 Posts: 921
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HaMaina wrote:Njunge wrote:@Msc junkies. Look out for MSC revival plan by the Oparanya appointed task force. I think launching will be on 4th Sept by the governor himself. Mumias Sugar did not recocnise the Oparanya task force, it might be difficult for them to have any impact on the company. But lets wait and see. Who in particular? Last I remember is the board, the governor and the taskforce meeting at Kilimo house and pledging to work together. Not that I expect much.
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