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Aguytrying		#41 Posted : Friday, September 28, 2012 10:52:24 AM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		FundamentAli wrote: cnn wrote: EPS 2.81 down from 3.57,dividend .75 shillings. Wapi rink? http://af.reuters.com/ar...ws/idAFL5E8KS0YY20120928 The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah		#42 Posted : Tuesday, October 02, 2012 3:47:12 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Has taken it in the chin since the unexpected results announcement that showed a profit dip. VWAP today is @12/- $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal		#43 Posted : Tuesday, October 02, 2012 3:53:09 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		hisah wrote: Has taken it in the chin since the unexpected results announcement that showed a profit dip. VWAP today is @12/- It will rise up again, once speculators exit. Nice buying opportunity.
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StatMeister		#44 Posted : Tuesday, October 02, 2012 4:01:57 PM
Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos		the deal wrote: hisah wrote: Has taken it in the chin since the unexpected results announcement that showed a profit dip. VWAP today is @12/- It will rise up again, once speculators exit. Nice buying opportunity. @deal, don't be so optimistic. The management cites competition from small millers - means they are having trouble coping. Also remember corn products had to wind up. A bad day fishing is better than a good day at work
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the deal		#45 Posted : Tuesday, October 02, 2012 4:09:00 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		StatMeister wrote: the deal wrote: hisah wrote: Has taken it in the chin since the unexpected results announcement that showed a profit dip. VWAP today is @12/- It will rise up again, once speculators exit. Nice buying opportunity. @deal, don't be so optimistic. The management cites competition from small millers - means they are having trouble coping. Also remember corn products had to wind up. Unga owns like 2-5% of market share...their growing turnover at 20-30% so their not having trouble...the problem is the high cost of sales which are being driven by high input costs due to high grain costs...with the opening of the Tanzania maize market hopefully Unga will have an alternative cheap source of maize.
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FUNKY		#46 Posted : Tuesday, October 02, 2012 4:37:06 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		Only 16,000 shares have been traded today. I guess someone is trying to bring down the price purposely.
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GGK		#47 Posted : Tuesday, October 02, 2012 5:25:41 PM
Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru		Unga has always been very close to my heart. I guess its coz of the ugali that lands in my stomach. I don't know why the sudden slump? People are not buying Jogoo, Exe Jogoo is a superbrand "..I am because we are. "― Ubuntu, Umtu,
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VituVingiSana		#48 Posted : Tuesday, October 02, 2012 5:39:34 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,358 Location: Nairobi		the deal wrote: StatMeister wrote: the deal wrote: hisah wrote: Has taken it in the chin since the unexpected results announcement that showed a profit dip. VWAP today is @12/- It will rise up again, once speculators exit. Nice buying opportunity. @deal, don't be so optimistic. The management cites competition from small millers - means they are having trouble coping. Also remember corn products had to wind up. Unga owns like 2-5% of market share...their growing turnover at 20-30% so their not having trouble...the problem is the high cost of sales which are being driven by high input costs due to high grain costs...with the opening of the Tanzania maize market hopefully Unga will have an alternative cheap source of maize. Well, the growth in turnover is NOT volumes but 'value' as you know is not good. The price per tonne of grains keeps in increasing thus to sell the same volume requires larger amounts of (costly) financing. See KK & Total as well. With the population growth in EAC, there will be no more 'cheap' sources of grains. Kenya is a net importer of wheat & rice. And a net importer of maize for the past 3 of 5 years. Not good. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#49 Posted : Tuesday, October 02, 2012 5:41:56 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,358 Location: Nairobi		FUNKY wrote: Only 16,000 shares have been traded today. I guess someone is trying to bring down the price purposely. That's an oxymoron. You (or anyone else) can bid at a price higher than 12 or offer at higher than 12. 12 was the lowest possible price so 16,000 trading at 12 is a large number for a typically 'illiquid' counter. Did you put in a bid? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#50 Posted : Tuesday, October 02, 2012 10:11:47 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: the deal wrote: StatMeister wrote: the deal wrote: hisah wrote: Has taken it in the chin since the unexpected results announcement that showed a profit dip. VWAP today is @12/- It will rise up again, once speculators exit. Nice buying opportunity. @deal, don't be so optimistic. The management cites competition from small millers - means they are having trouble coping. Also remember corn products had to wind up. Unga owns like 2-5% of market share...their growing turnover at 20-30% so their not having trouble...the problem is the high cost of sales which are being driven by high input costs due to high grain costs...with the opening of the Tanzania maize market hopefully Unga will have an alternative cheap source of maize. Well, the growth in turnover is NOT volumes but 'value' as you know is not good. The price per tonne of grains keeps in increasing thus to sell the same volume requires larger amounts of (costly) financing. See KK & Total as well. With the population growth in EAC, there will be no more 'cheap' sources of grains. Kenya is a net importer of wheat & rice. And a net importer of maize for the past 3 of 5 years. Not good. VALUE TRAP!! Life is short. Live passionately.
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