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Sasini Tea and Coffee
Jamani
#11 Posted : Wednesday, December 19, 2012 9:43:13 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Sasini dips into loss on increasing costs and flat sales. Sasini
Jamani
#12 Posted : Wednesday, December 19, 2012 9:46:24 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Sasini is now eyeing the real estate market to reduce the influence of weather and volatile coffee prices on its earnings with the agro business accounting for more than 90 per cent of its sales. Sasini has singled out approximately 1,000 acres of land in Ruiru that is currently under coffee for the project. “The board decided that developing the land is a worthwhile venture and we are only holding back until commercial bank’s interest rates are favourable enough for us to borrow funds,” said James McFee, the chairman of Sasini in an earlier interview with the Business Daily.
S.Mutaga III
#13 Posted : Wednesday, December 19, 2012 11:15:51 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
I am left a very confused shareholder...do I sell at a small loss tomorrow with the 10% limit or do I wait for the long run and paltry final dividend?...real estate takes time to implement,so fy 2013 will still rely on agriculture...considering it is a meralli stock,I am dismounting tomorrow.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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