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Mumias FY 2014
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Boris Boyka
#121 Posted : Friday, October 24, 2014 2:31:53 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Metasploit wrote:
I am down 15% on this on a volume of 350K shares.

@hisah..are u still holding this ? 1.5 is surely coming

# Never been down this much

15% only! if I were you I would cut down my losses and check for better discounts coming this Nov/Dec and by Mar 2015 you'll have recovered plus made more gains. MSC is one company that has a very loooooooooong way to recovery. If operations resume the very cost of production and debts will leave them with nothing. Even if a buy out is proposed the amount of debt is so huge plus other 'chaps' will come in with fake debts.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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hisah
#122 Posted : Friday, October 24, 2014 2:40:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
I am down 15% on this on a volume of 350K shares.

@hisah..are u still holding this ? 1.5 is surely coming

# Never been down this much

Yes and I explained this is a high risk trade.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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HaMaina
#123 Posted : Wednesday, October 29, 2014 9:56:27 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
All these prophesies of doom for the sugar sector in general are proving a bit boring now (daily nation business 29th October 2014), either they do something about the issues they have been talking about or close down the mills, we can then move to something new.
“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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Boris Boyka
#124 Posted : Wednesday, October 29, 2014 10:07:53 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Boris Boyka wrote:
Metasploit wrote:
I am down 15% on this on a volume of 350K shares.

@hisah..are u still holding this ? 1.5 is surely coming

# Never been down this much

15% only! if I were you I would cut down my losses and check for better discounts coming this Nov/Dec and by Mar 2015 you'll have recovered plus made more gains. MSC is one company that has a very loooooooooong way to recovery. If operations resume the very cost of production and debts will leave them with nothing. Even if a buy out is proposed the amount of debt is so huge plus other 'chaps' will come in with fake debts.

At 1.70/- and has 45 more days to resume operations of core business. Indeed hii is flushing your money Kwa choo! 20k shares worth 1M @49.5 or 140k @7/- is now 25k.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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streetwise
#125 Posted : Wednesday, October 29, 2014 10:08:37 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
The suprising bit is that when the factories close for maintainance, the price of sugar goes up yet we are told of cheap imported sugar.. what is the story here
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Boris Boyka
#126 Posted : Wednesday, October 29, 2014 10:12:52 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
HaMaina wrote:
All these prophesies of doom for the sugar sector in general are proving a bit boring now (daily nation business 29th October 2014), either they do something about the issues they have been talking about or close down the mills, we can then move to something new.

@Hamaina ulcers itakumaluza I remember I highlighted challenges in this sugar sector a while ago and gave you examples of the fallen sugar factories ukapinga. The sector Iko chida & it'll have "doomed" news until the costs of production tremendously reduce by 70%. Poleee though ukichomeka.....Congrats if you'll harvest well.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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  | | Edit by user: Wednesday, October 29, 2014 10:23 AM | Reason: Not specified
its2013
#127 Posted : Wednesday, October 29, 2014 11:26:33 AM
Rank: Member

Joined: 1/4/2013
Posts: 255
I've dedicated a small part in mopping up at these low prices.. I'm putting money that I would use in small unnecessary luxuries (like buying ice cream) into it. I feel the price is tanking unreasonably beyond where it should be and has a fair chance of some recovery but not in the near future. But of course, I'm not a pro and I'm not advising anyone to buy (or sell). It's just part of my small personal weight loss project. And also (I know this is silly) I'm hoping for an eventual buyout if it doesn't workout.
Pretty hurts
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mlennyma
#128 Posted : Wednesday, October 29, 2014 11:39:36 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
And the leadership there is pushing for establishing another sugar factory in busia
"Don't let the fear of losing be greater than the excitement of winning."
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WWW
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Ashaorwa
#129 Posted : Wednesday, October 29, 2014 1:19:10 PM
Rank: Hello

Joined: 10/13/2014
Posts: 2
Woi woi... So bitter...
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MKWASI
#130 Posted : Wednesday, October 29, 2014 5:15:25 PM
Rank: Member

Joined: 4/20/2012
Posts: 888
I didn't know sugar can be bitter. However, it turns out to be exactly that.
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