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MUMIAS!
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Aguytrying
#11 Posted : Monday, November 07, 2011 5:07:20 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Don't mean to be a party pooper but, I believe this share has some falling still to go, below 5.00.
The investor's chief problem - and even his worst enemy - is likely to be himself
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GGK
#12 Posted : Monday, November 07, 2011 5:09:32 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
mwanahisa wrote:
StatMeister wrote:
mlennyma wrote:
Thats why i think iam sober buying at 5.50 when some dude bought the second gvt bunch at 49.50 and we are in the same train.


Wasn't it 39, and they have done a split (/3) since.


mlennyma is right. The 2nd IPO was at 49.50. Mumias has never had a split. They did however give a 2:1 bonus which the market took to be a 3:1 split.

Still, that equates the price to approximately Kshs 15. That's why I am with mlennyma on this one. I was also in the market for some sugar today. My average price was however higher - I got a nice chunk at an average price of 5.55.


How does it come to Kshs 15? I bought some at that time. I've always assumed its Kshs 16.5 after the bonus.

I feel like taking poison.... any leads?
"..I am because we are. "― Ubuntu, Umtu,
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BGL
#13 Posted : Monday, November 07, 2011 11:26:59 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
i bought eacables @ 48 bob so afadhari mumias!
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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the deal
#14 Posted : Monday, November 07, 2011 11:38:28 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
we are all trapped in this jail cell called Mumias sugar, I bought at 7.20 the rest is history.. .let's call a Kesha for this one.
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mwanahisa
#15 Posted : Tuesday, November 08, 2011 6:44:30 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
GGK wrote:
mwanahisa wrote:
StatMeister wrote:
mlennyma wrote:
Thats why i think iam sober buying at 5.50 when some dude bought the second gvt bunch at 49.50 and we are in the same train.


Wasn't it 39, and they have done a split (/3) since.


mlennyma is right. The 2nd IPO was at 49.50. Mumias has never had a split. They did however give a 2:1 bonus which the market took to be a 3:1 split.

Still, that equates the price to approximately Kshs 15. That's why I am with mlennyma on this one. I was also in the market for some sugar today. My average price was however higher - I got a nice chunk at an average price of 5.55.


How does it come to Kshs 15? I bought some at that time. I've always assumed its Kshs 16.5 after the bonus.

I feel like taking poison.... any leads?

You caught me out on that one. Excuse my arithmetic. It is indeed 16.50. Still you can see why some of us would now buy it at 5.50 and ADD MORE if it dips further.
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youcan'tstopusnow
#16 Posted : Tuesday, November 08, 2011 7:14:27 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Njung'e are you dipping in yet?
GOD BLESS YOUR LIFE
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Cde Monomotapa
#17 Posted : Tuesday, November 08, 2011 7:27:05 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
...let's call a Kesha for this one.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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Cde Monomotapa
#18 Posted : Tuesday, November 08, 2011 7:29:51 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
Don't mean to be a party pooper but, I believe this share has some falling still to go, below 5.00.

and that's a good look hey smile another 50cts dividend will be 9-10% yield ;-)
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mlennyma
#19 Posted : Tuesday, November 08, 2011 8:29:18 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Mumias is a good buy below 6 and i will buy more today,there is sugar shortage worldwide and prices are sky high,it can only become sweeter.
"Don't let the fear of losing be greater than the excitement of winning."
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mkonomtupu
#20 Posted : Tuesday, November 08, 2011 8:36:44 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
why on earth would i buy into a company where the MD is busy running a political campaign? why can't the board meet and wish him the best in his future endeavours until then wouldn't touch this one
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