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Mumias FY 2014
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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ike wrote:so you implying the recent bear across all stocks was stage managed so that some 'hidden hands' could stack up at lower prices? I cannot imply that but it appears there was a selective choice of media play. What was the BD, star & Standard continuously and successively releasing scaring news on UCHM only to come days later and release a dossier that the directors have been increasing their stake all along? Who doesn't know MSC routinely closes for maintenance? But the news was packaged the order and manner to cause extreme panic selling. And many sold !! 
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Rank: Member Joined: 7/2/2014 Posts: 123
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Akenyan2014 wrote:ike wrote:so you implying the recent bear across all stocks was stage managed so that some 'hidden hands' could stack up at lower prices? I cannot imply that but it appears there was a selective choice of media play. What was the BD, star & Standard continuously and successively releasing scaring news on UCHM only to come days later and release a dossier that the directors have been increasing their stake all along? Who doesn't know MSC routinely closes for maintenance? But the news was packaged the order and manner to cause extreme panic selling. And many sold !! conspiracy or no conspiracy, stock market prices go up and down anywhere in the world.... or maybe we are getting to a fundamental truth. ,
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Akenyan2014 wrote:ike wrote:so you implying the recent bear across all stocks was stage managed so that some 'hidden hands' could stack up at lower prices? I cannot imply that but it appears there was a selective choice of media play. What was the BD, star & Standard continuously and successively releasing scaring news on UCHM only to come days later and release a dossier that the directors have been increasing their stake all along? Who doesn't know MSC routinely closes for maintenance? But the news was packaged the order and manner to cause extreme panic selling. And many sold !! 
Trading the news. Some are beginning to get it  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Wrong url format. Quote my post to see the format.
Click here for the MSC story
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,177 Location: nairobi
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Panic sellers must always be told bitter lessons,I will never have mercy on them. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I totally agree with you. Panicky fellows should quick this game it is not for faint hearted.
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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@ 2.05, the Natures' Sweetness going up and up to its nest. For the next 1 month could it land at 5 and official purging and re-opening with a bang as a teenage in the block?
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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Speculation on the Mumias Sugar Company counter by local investors incentivised by its low nominal price has pushed the stock to a six-week high price of Sh2.
Mumias gained 30 per cent over the past week, during which the counter saw heavy trading as bargain hunters and speculators bet on the counter that opened the week at Sh1.55, meaning an investor would only need about Sh1,600 to buy into the stock.
“Mumias Sugar edged up on the back of speculative local investor interest,” said Standard Investment Bank in a market report last week.
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Rank: Elder Joined: 7/21/2010 Posts: 6,177 Location: nairobi
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Yaani this guys see no value added to mumias but only speculation. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 3/16/2014 Posts: 12 Location: Kisumu
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mlennyma wrote:Yaani this guys see no value added to mumias but only speculation. I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Realtreaty wrote:
Speculation on the Mumias Sugar Company counter by local investors incentivised by its low nominal price has pushed the stock to a six-week high price of Sh2.
Mumias gained 30 per cent over the past week, during which the counter saw heavy trading as bargain hunters and speculators bet on the counter that opened the week at Sh1.55, meaning an investor would only need about Sh1,600 to buy into the stock.
“Mumias Sugar edged up on the back of speculative local investor interest,” said Standard Investment Bank in a market report last week.
Why would one only need Kshs. 1,600/=??? Was the minimum number of shares one can buy changed to 1,000??? And they call this research??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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RearView wrote:mlennyma wrote:Yaani this guys see no value added to mumias but only speculation. I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses. And the NAV of the company is...? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 3/16/2014 Posts: 12 Location: Kisumu
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MaichBlack wrote:RearView wrote:mlennyma wrote:Yaani this guys see no value added to mumias but only speculation. I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses. And the NAV of the company is...? The future outlook for the company is not based on any fundamental, but hope (sic)
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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RearView wrote:MaichBlack wrote:RearView wrote:mlennyma wrote:Yaani this guys see no value added to mumias but only speculation. I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses. And the NAV of the company is...? The future outlook for the company is not based on any fundamental, but hope (sic) You did not answer my question! What is the NAV for MSC??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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MaichBlack wrote:Realtreaty wrote:
Speculation on the Mumias Sugar Company counter by local investors incentivised by its low nominal price has pushed the stock to a six-week high price of Sh2.
Mumias gained 30 per cent over the past week, during which the counter saw heavy trading as bargain hunters and speculators bet on the counter that opened the week at Sh1.55, meaning an investor would only need about Sh1,600 to buy into the stock.
“Mumias Sugar edged up on the back of speculative local investor interest,” said Standard Investment Bank in a market report last week.
Why would one only need Kshs. 1,600/=??? Was the minimum number of shares one can buy changed to 1,000??? And they call this research??? nice one. Only speculators can save this stock for now unless/until Govt. decides to come in “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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MaichBlack wrote:RearView wrote:MaichBlack wrote:RearView wrote:mlennyma wrote:Yaani this guys see no value added to mumias but only speculation. I would really like to know the value added other than speculation. One year comesa safeguard extension is expiring in 2 or so months and the company is running at losses. And the NAV of the company is...? The future outlook for the company is not based on any fundamental, but hope (sic) You did not answer my question! What is the NAV for MSC??? 6.95/= as at 30 June 14 but the losses have been reducing it by almost 20% annually. A current ratio of 0.4 and a negative working capital means MSC is almost insolvent If you don't want to go to plan B have a good plan A.
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Rank: Veteran Joined: 4/23/2014 Posts: 904
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Now that you mention beer...the company should go full throttle and produce alcohol..what does it take.?
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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I visited tuskys yesterday (a mashinani one) and made a very interesting observation. Most shoppers were buying jogoo, exe, and even hostess(ignoring pembe, taifa etc) as far as flour was concerned. When it came to sugar most were buying the clean and white Sony sugar ignoring that ugly-looking-tuskys-branded sugar, suggesting Kenyans know their brands and want to use them at home. The question to ask is why is mumias sugar not on the shelves? It used to be the clean white(no pun) sugar that everyone was piling on their baskets. Guys at Mumias must pull up their socks. When is the last time a Mumias sugar ad came on tv,radio, newspaper or even social media? Its either management is full of 'akili za kukus' i mean chicken brains or this is clear sabotage Dumb money becomes dumb only when it listens to smart money
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