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Mumias Sugar huge demand
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:Local sugar sector faces tough times as Comesa deadline loomsAccording to report, titled The Implementation Status of the Comesa Sugar Safeguards Comesa Sugar Safeguards by the Ministry of Trade, the sugar industry may not survive in the face of a deluge of cheaper sugar imports from Comesa countries. The Comesa safeguards ends in February 2014. ... however, the report shows mumias stands a chance of survival. @njunge, what say you?
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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seems that 3.5 is not printing and some people r forcing it down
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Wanjiku is really lining up for slaughter "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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subaru wrote:seems that 3.5 is not printing and some people r forcing it down
Not me. Im happy at Mpesa corner  @SufficientlyP
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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A nice run for those who had the guts to get in at the lows of 3.40-3.60, congrats g267 et al. I used to play with this share in my speculative portfolio but when they announced the massive loss for H1 2013, I decided to steer clear.
I expect the reversal in the upward momentum for the share price to start happening anytime from Monday next week. I know folks who bought the share on Wednesday, who can't wait for the share to clear in order to take their gains. Not bad for 3-4 days work!
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Rank: Elder Joined: 3/31/2008 Posts: 7,081 Location: Kenya
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mwanahisa wrote:A nice run for those who had the guts to get in at the lows of 3.40-3.60, congrats g267 et al. I used to play with this share in my speculative portfolio but when they announced the massive loss for H1 2013, I decided to steer clear.
I expect the reversal in the upward momentum for the share price to start happening anytime from Monday next week. I know folks who bought the share on Wednesday, who can't wait for the share to clear in order to take their gains. Not bad for 3-4 days work! ...Bought either in 2007or 2008 at Ksh14...Bure kabisa
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Supply has started streaming in ....156,300 shares at 4.00. Possibly others waiting in the wings..
As hisah would say, let's see if MSC will withstand the supply test.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwanahisa wrote:Supply has started streaming in ....156,300 shares at 4.00. Possibly others waiting in the wings..
As hisah would say, let's see if MSC will withstand the supply test. Very dead cat bounce against that volume spike that led to the 20% nosedive. The bloodbath is not yet done. 3/- willl be tested since the 5yr low @3.60 has been broken. Won't be surprised to see it break below 3/-
#DontFightTheTrend$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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hisah wrote:mwanahisa wrote:Supply has started streaming in ....156,300 shares at 4.00. Possibly others waiting in the wings..
As hisah would say, let's see if MSC will withstand the supply test. Very dead cat bounce against that volume spike that led to the 20% nosedive. The bloodbath is not yet done. 3/- willl be tested since the 5yr low @3.60 has been broken. Won't be surprised to see it break below 3/-
#DontFightTheTrend The supply at 4.00 has been taken out but it's still early days... @hisah, how high do you expect the walking dead to bounce?
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Someone had to exit
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I'm selling on Monday at 4 bob and above Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwanahisa wrote:hisah wrote:mwanahisa wrote:Supply has started streaming in ....156,300 shares at 4.00. Possibly others waiting in the wings..
As hisah would say, let's see if MSC will withstand the supply test. Very dead cat bounce against that volume spike that led to the 20% nosedive. The bloodbath is not yet done. 3/- willl be tested since the 5yr low @3.60 has been broken. Won't be surprised to see it break below 3/-
#DontFightTheTrend The supply at 4.00 has been taken out but it's still early days... @hisah, how high do you expect the walking dead to bounce? 4.50/- should be a brick wall.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:I'm selling on Monday at 4 bob and above Quick way of making money. Congrats ... The reverse is also true
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Rank: Elder Joined: 12/4/2009 Posts: 10,714 Location: NAIROBI
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Mumias will be announcing full year results by August 31. That will be the judge Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ericsson wrote:Mumias will be announcing full year results by August 31.
That will be the judge They actually have upto 30th September because we are talking of audited full year results
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Rank: Elder Joined: 12/4/2009 Posts: 10,714 Location: NAIROBI
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@mwekez@ji; Mumias historically reports its full year results by August 31 unless maybe this year there will be a change Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ericsson wrote:@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change I now see your point. Cheers mate
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Ericsson wrote:@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change Wasn't the CFO ousted a week or two ago? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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dunkang wrote:Ericsson wrote:@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change Wasn't the CFO ousted a week or two ago? I am almost certain that this year, they will drag their feet on reporting. Note that, they have also traditionally reported their first half results on the last Friday of January, but I guess that we can say that this was in the Kidero era. This year H1 results were announced on 27th February, the very last day allowed by NSE regulations.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwanahisa wrote:dunkang wrote:Ericsson wrote:@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change Wasn't the CFO ousted a week or two ago? I am almost certain that this year, they will drag their feet on reporting. Note that, they have also traditionally reported their first half results on the last Friday of January, but I guess that we can say that this was in the Kidero era. This year H1 results were announced on 27th February, the very last day allowed by NSE regulations. Now i see you understand the phrase, 'its senseless to give bad news in a hurry'. Receive with simplicity everything that happens to you.” ― Rashi
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