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Mumias Sugar and SASINI TEA AND COFFEE LTD. Your perfect growth stocks.
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StatMeister
#21 Posted : Friday, July 16, 2010 9:13:27 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
Sasini is a merali firm. Jut not for me... I prefer Williamson or Kakuzi...
like kakuzi too but kapchorua is also starting to catch my eye.
Williamson is older brother of Kapchorua


tea companies are good buys when targeting 2010 results. Good rains this year . . . but drought in Q4 10 means sell before Q1 11 results go out
A bad day fishing is better than a good day at work
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cnn
#22 Posted : Friday, July 16, 2010 10:35:53 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@statmeister,drought last year drove prices through up.Tea for me is a win win situation,Kakuzi next month will reflect this.

@vvs,with this WTK/KAPCHORUA board,how did they arrive at equal dividends for both while WTK had triple the earnings of the sister?
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VituVingiSana
#23 Posted : Friday, July 16, 2010 11:54:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
cnn wrote:
@statmeister,drought last year drove prices through up.Tea for me is a win win situation,Kakuzi next month will reflect this.

@vvs,with this WTK/KAPCHORUA board,how did they arrive at equal dividends for both while WTK had triple the earnings of the sister?
I have no idea!!! Lakini, the EPS w/out biological earnings was 2x not 3x
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#24 Posted : Friday, July 16, 2010 4:47:19 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Tea and Coffee securities would require one to forecast weather two years upfront in the main producing zones. Since a year's bumber harvest in one zone would imply poor prices in another one.

Excluding biological valuations, what would be the fairs p/e of an agricultural stock?
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StatMeister
#25 Posted : Friday, July 16, 2010 4:57:52 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
PKoli wrote:
Tea and Coffee securities would require one to forecast weather two years upfront in the main producing zones. Since a year's bumber harvest in one zone would imply poor prices in another one.

Excluding biological valuations, what would be the fairs p/e of an agricultural stock?


@kpoli, good view. but remember we compete with India and Sri Lanka, and our main buyer (Pakistan) CANNOT AND WILL NEVER buy from India / Sri Lanka, never mind the prices.

@@vvs, what are biological earnings? Is it something like patents or grafts?
A bad day fishing is better than a good day at work
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sparkly
#26 Posted : Friday, July 16, 2010 11:08:36 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Gains from revaluation of biological assets - biological assets like growing tea bushes and live animals are revalued ( based on future cashflows expected from the assets, discounted to the present). The IFRS require any gain or loss resulting from the revaluation to be passed through the P&L.
Life is short. Live passionately.
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VituVingiSana
#27 Posted : Saturday, July 17, 2010 12:15:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
StatMeister wrote:

@kpoli, good view. but remember we compete with India and Sri Lanka, and our main buyer (Pakistan) CANNOT AND WILL NEVER buy from India / Sri Lanka, never mind the prices.
Actually, you are mistaken. There is a South Asian Trade treaty like EAC/COMESA.

SL does sell lots of tea to Pakistan but the cheaper type only. A lot of SL tea is sold as 'premium'.

India also sells to Pakistan. There may be 'problems' due to politics but there is trade in tea. Also lot of Indian tea goes by the back channels to Afghanistan then into Pakistan.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#28 Posted : Saturday, July 17, 2010 12:47:04 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
qw25041985 wrote:
I still maintain that this stock will reach 18.00 .this stock has accumulated to much to move such a small distance as indicated by @ guru. Get me clear though, i amnt sayin that this stock will jump frm current 12.00 to 18.00 in one go but it wnt take long either and is worth the wait. End of September isnt far either and i also am expecting gud results.

Says the dude that a few months wanted nothing to do with this counter and was trashing it until he was enlightened by me (i have the evidence in previous threads).... My target price is 16bob but i'm highly confident it will pass that with good results....
Mark 12:29
Deuteronomy 4:16
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Gordon Gekko
#29 Posted : Monday, July 19, 2010 2:30:21 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
In Oct 2006 I sold Sasini for ksh 136. I once paid ksh 52 for Mumias. I think Sasini is the winner and has be best chance for capital appreciation.
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youcan'tstopusnow
#30 Posted : Monday, July 19, 2010 5:27:48 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
GG, is there anything exciting in sasini's fuure? For mumias, kuna more electrity, acquisitions, TARDA, bottled water, ethanol na mengineyo. That is why in my opinion, mumias is a far better stock to hold for the medium term.
GOD BLESS YOUR LIFE
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