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Mumias Sugar huge demand
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a_abbass
#941 Posted : Friday, January 16, 2015 2:41:52 PM
Rank: New-farer

Joined: 9/13/2014
Posts: 10
Location: Kenya
What are the fundamentals, last I checked Mumias is still running a huge loss and haemorrhaging cash.

The Govt said they will help ONLY if they see a credible turnaround plan, COMESA safeguards expire this year.

I just don't see where the demand is coming from.
No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation - Robert Rhea
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mlennyma
#942 Posted : Friday, January 16, 2015 2:51:09 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
a_abbass wrote:
What are the fundamentals, last I checked Mumias is still running a huge loss and haemorrhaging cash.

The Govt said they will help ONLY if they see a credible turnaround plan, COMESA safeguards expire this year.

I just don't see where the demand is coming from.

there could be some leaked good plan but if not,igojee chini
"Don't let the fear of losing be greater than the excitement of winning."
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streetwise
#943 Posted : Friday, January 16, 2015 3:11:54 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Even me I wnat to see what is the story
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Othelo
#944 Posted : Friday, January 16, 2015 3:12:22 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
HaMaina wrote:
mlennyma wrote:
Those who bought wish there was no weekend so that the devil doesn't plant losing seed when we break.


I'm one of them, and so far the sugar has been quite sweet & I know at this rate the trend will continue in the new week.

Enyewe you have made me laugh, laugh, laugh alone in the office, mpaka guys think i have lost it, gone bonkers on 3rd January weekend. Made my day Applause Applause Applause
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Njung'e
#945 Posted : Friday, January 16, 2015 3:50:07 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
a_abbass wrote:
What are the fundamentals, last I checked Mumias is still running a huge loss and haemorrhaging cash.

The Govt said they will help ONLY if they see a credible turnaround plan, COMESA safeguards expire this year.

I just don't see where the demand is coming from.


That Comesa line is old and very tired.Every time i hear/read it,it much reminds me of the "millennium bug" that never was.Can someone point to me a nett exporter of sugar amongst Comesa countries? Since the answer is negative,why do we then worry over that which does not exist?
Nothing great was ever achieved without enthusiasm.
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MKWASI
#946 Posted : Friday, January 16, 2015 4:15:59 PM
Rank: Member

Joined: 4/20/2012
Posts: 888
I disembarked too early @2.75.... I know feel how men feel when they disembark early.
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streetwise
#947 Posted : Friday, January 16, 2015 4:34:43 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Lets talk on monday. But my advise stop looking at the charts
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Othelo
#948 Posted : Friday, January 16, 2015 4:39:35 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
NSE doesnot respect charts and cartoons.

Disclaimer: I have not dismissed the same!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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mlennyma
#949 Posted : Friday, January 16, 2015 5:23:56 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
MKWASI wrote:
I disembarked too early @2.75.... I know feel how men feel when they disembark early.
Laughing out loudly
so you scored outside?
"Don't let the fear of losing be greater than the excitement of winning."
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MiddleMan
#950 Posted : Friday, January 16, 2015 6:36:59 PM
Rank: Hello

Joined: 1/13/2015
Posts: 5
Location: Mt. Kenya
derick wrote:
Kihara joni wrote:
Alight at 4.60/- or 5.0/- on the higher side, very unlikely that it will get past this, check the tread paka, Eaggads had similar rallies only to slide as fast.


I dont see it going up past 3.60.its more likely suppliers will start showing up today.the reason being that ,@ 3.30 most investors who bought @ between1.35 and 1.75 will have doubled there money.

The idea is not to double your money, i believe in reaping the maximum possible gains from your investments. We are already past the double effect.
With the current state of demand vs supply Mumias will exceed expetations.smile

Its now our time.
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