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Mumias Sugar huge demand
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Rai sugar or a mauritian firm (Omnicane or Alteo) buying Mumias Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Investors bought a total of 654,200 shares of Mumias Sugar Company in three days without knowing that the miller had been placed under receivership, turning the spotlight on KCB Group. Investors unwittingly bought the miller’s shares on Friday and Monday, enabling the sellers to pocket Sh180,680 and trapping the new owners in a stock whose trading at the NSE looks uncertain. The stocks were sold at a price of between Sh0.27 and Sh0.28. The average volume of 218,066 shares dealt over the three days is significantly above the normal average of 139,000 units, according to statistics from data provider Refinitiv. https://www.businessdail...89330-24g1rmz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Ericsson wrote: Investors bought a total of 654,200 shares of Mumias Sugar Company in three days without knowing that the miller had been placed under receivership, turning the spotlight on KCB Group. Investors unwittingly bought the miller’s shares on Friday and Monday, enabling the sellers to pocket Sh180,680 and trapping the new owners in a stock whose trading at the NSE looks uncertain. The stocks were sold at a price of between Sh0.27 and Sh0.28. The average volume of 218,066 shares dealt over the three days is significantly above the normal average of 139,000 units, according to statistics from data provider Refinitiv. https://www.businessdail...9330-24g1rmz/index.html If you buy a monkey and the monkey leaps out of your hands, you cannot go back to the seller and ask for a refund of your money. Go after your monkey. Chase it down the road. Leap to the trees and swing after it. When you get tired go back home and remind yourself never to buy a monkey again.
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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rwitre wrote:Ericsson wrote: Investors bought a total of 654,200 shares of Mumias Sugar Company in three days without knowing that the miller had been placed under receivership, turning the spotlight on KCB Group. Investors unwittingly bought the miller’s shares on Friday and Monday, enabling the sellers to pocket Sh180,680 and trapping the new owners in a stock whose trading at the NSE looks uncertain. The stocks were sold at a price of between Sh0.27 and Sh0.28. The average volume of 218,066 shares dealt over the three days is significantly above the normal average of 139,000 units, according to statistics from data provider Refinitiv. https://www.businessdail...9330-24g1rmz/index.html If you buy a monkey and the monkey leaps out of your hands, you cannot go back to the seller and ask for a refund of your money. Go after your monkey. Chase it down the road. Leap to the trees and swing after it. When you get tired go back home and remind yourself never to buy a monkey again. I still don't see how an entire people's source of income can be let to collapse by a sitting government.  “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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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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HaMaina wrote:rwitre wrote:Ericsson wrote: Investors bought a total of 654,200 shares of Mumias Sugar Company in three days without knowing that the miller had been placed under receivership, turning the spotlight on KCB Group. Investors unwittingly bought the miller’s shares on Friday and Monday, enabling the sellers to pocket Sh180,680 and trapping the new owners in a stock whose trading at the NSE looks uncertain. The stocks were sold at a price of between Sh0.27 and Sh0.28. The average volume of 218,066 shares dealt over the three days is significantly above the normal average of 139,000 units, according to statistics from data provider Refinitiv. https://www.businessdail...9330-24g1rmz/index.html If you buy a monkey and the monkey leaps out of your hands, you cannot go back to the seller and ask for a refund of your money. Go after your monkey. Chase it down the road. Leap to the trees and swing after it. When you get tired go back home and remind yourself never to buy a monkey again. I still don't see how an entire people's source of income can be let to collapse by a sitting government. The government doesn't owe anyone a living. Farmers sold their shares in Mumias Sugar instead of taking control of the firm. No skin in the game. For better or worse look at tea farmers under KTDA who own the factories. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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VituVingiSana wrote:HaMaina wrote:rwitre wrote:Ericsson wrote: Investors bought a total of 654,200 shares of Mumias Sugar Company in three days without knowing that the miller had been placed under receivership, turning the spotlight on KCB Group. Investors unwittingly bought the miller’s shares on Friday and Monday, enabling the sellers to pocket Sh180,680 and trapping the new owners in a stock whose trading at the NSE looks uncertain. The stocks were sold at a price of between Sh0.27 and Sh0.28. The average volume of 218,066 shares dealt over the three days is significantly above the normal average of 139,000 units, according to statistics from data provider Refinitiv. https://www.businessdail...9330-24g1rmz/index.html If you buy a monkey and the monkey leaps out of your hands, you cannot go back to the seller and ask for a refund of your money. Go after your monkey. Chase it down the road. Leap to the trees and swing after it. When you get tired go back home and remind yourself never to buy a monkey again. I still don't see how an entire people's source of income can be let to collapse by a sitting government. The government doesn't owe anyone a living. Farmers sold their shares in Mumias Sugar instead of taking control of the firm. No skin in the game. For better or worse look at tea farmers under KTDA who own the factories. The government owes the people everything, they are the reason it exists. Apart from those like the governor and their reports, which I think was nothing but support campaign for his presidential hopes. “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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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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HaMaina wrote:VituVingiSana wrote:HaMaina wrote:rwitre wrote:Ericsson wrote: Investors bought a total of 654,200 shares of Mumias Sugar Company in three days without knowing that the miller had been placed under receivership, turning the spotlight on KCB Group. Investors unwittingly bought the miller’s shares on Friday and Monday, enabling the sellers to pocket Sh180,680 and trapping the new owners in a stock whose trading at the NSE looks uncertain. The stocks were sold at a price of between Sh0.27 and Sh0.28. The average volume of 218,066 shares dealt over the three days is significantly above the normal average of 139,000 units, according to statistics from data provider Refinitiv. https://www.businessdail...9330-24g1rmz/index.html If you buy a monkey and the monkey leaps out of your hands, you cannot go back to the seller and ask for a refund of your money. Go after your monkey. Chase it down the road. Leap to the trees and swing after it. When you get tired go back home and remind yourself never to buy a monkey again. I still don't see how an entire people's source of income can be let to collapse by a sitting government. The government doesn't owe anyone a living. Farmers sold their shares in Mumias Sugar instead of taking control of the firm. No skin in the game. For better or worse look at tea farmers under KTDA who own the factories. The government owes the people everything, they are the reason it exists. Apart from those like the governor and their reports, which I think was nothing but support campaign for his presidential hopes. I wish you all the best. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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VituVingiSana wrote:kayhara wrote:Njunge wrote:Under receivership effective today. Holy moly, happened when I was away from computer I need to offload ASAP that is if I can get a buyer, man getting screwed all over I just got off KP to MSC If it is under receivership then chances are the shares will be suspended. Do what I did with ARM and provision 100%. VVS, DID WE NOT WARN YOU??  https://www.businessdail...9330-24g1rmz/index.html
I will tell you one last time!!!.. Flee the casino NOW or forever suffer terrible losses! Niliwaambia, muligataa gusikia. You aint seen nothing YET. Those dormant CDS accounts that once traded on the fradulent casino are NEVER EEEEVER coming back. You guys will be the LAST ONES left...holding a bag of SMOKE!!
This is Kenya!
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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MugundaMan wrote:VituVingiSana wrote:kayhara wrote:Njunge wrote:Under receivership effective today. Holy moly, happened when I was away from computer I need to offload ASAP that is if I can get a buyer, man getting screwed all over I just got off KP to MSC If it is under receivership then chances are the shares will be suspended. Do what I did with ARM and provision 100%. VVS, DID WE NOT WARN YOU?? https://www.businessdail...9330-24g1rmz/index.html
I will tell you one last time!!!.. Flee the casino NOW or forever suffer terrible losses! Niliwaambia, muligataa gusikia. You aint seen nothing YET. Those dormant CDS accounts that once traded on the fradulent casino are NEVER EEEEVER coming back. You guys will be the LAST ONES left...holding a bag of SMOKE!!
This is Kenya!
Thank you for your warning but why are you preaching to the choir? I have not owned Mumias shares for years. Very many years. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:MugundaMan wrote:VituVingiSana wrote:kayhara wrote:Njunge wrote:Under receivership effective today. Holy moly, happened when I was away from computer I need to offload ASAP that is if I can get a buyer, man getting screwed all over I just got off KP to MSC If it is under receivership then chances are the shares will be suspended. Do what I did with ARM and provision 100%. VVS, DID WE NOT WARN YOU?? https://www.businessdail...9330-24g1rmz/index.html
I will tell you one last time!!!.. Flee the casino NOW or forever suffer terrible losses! Niliwaambia, muligataa gusikia. You aint seen nothing YET. Those dormant CDS accounts that once traded on the fradulent casino are NEVER EEEEVER coming back. You guys will be the LAST ONES left...holding a bag of SMOKE!!
This is Kenya!
Thank you for your warning but why are you preaching to the choir? I have not owned Mumias shares for years. Very many years. Holding a bag of smoke?
KQ ABP 4.26
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Mumias Sugar huge demand
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