When desperate speculators start exiting next week breaking supposedly PPT iceberg, expect a further skid to 1.2 kes per share. Announcement of a profit warning in the coming months is deemed to threaten the stability of this stock above 1bob. Uncertainty of rolling out rights issue as admitted by government...which means no bailout as for now. The government will participate in the rights issue coming with substantial dilution. This stock has challenges beyond the current pessimism.

I exited when half year loss of kes 1.53 B was announced. Those who are holding now probably are long termers e.g HaMaina whom have been averaging down from kes 5.50 to date.

Averaging to zero the better to reduce initial cost per share.

Mumias problem is being tackled from the wrong direction,nobody talks about where reliable cane will come from to make it full capacity operational, if there was sufficient cane,the best and quick maturing, subsidized farm inputs to make cane planting attractive, every investor would be rushing to revive the company without the fear of business viability.

That is the mistake I did when I speculated on this stock. I did not factor in key ingredient which drives the production and ultimately break-even of MSC.

If focus to revive this company is not centred on raw material then turnaround is an initiative in futility. ]
xc
night running in mumias to keep cane poachers at bay. this stock made me get recognised last time a season like this when I got romantic with it. is comesa safeguards no longer a pivotal factor to consider in this equation any more @spikes?