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Mumias Sugar huge demand
Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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I was at Nakumatt and saw 2kg Lugazi sugar from uganda selling at 195bob while mumias is at 240. How will they compete? Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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sqft wrote:I was at Nakumatt and saw 2kg Lugazi sugar from uganda selling at 195bob while mumias is at 240. How will they compete? May be that Lugazi sugar is half as sweet as Mumias i,e literally?
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Rank: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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This would be a good place to buy MSC, looks like there are no bears left as price has refused to go below the 2 shillings support level.
Investors are selling this stock at a throw away price, one can literally collect a lot of shares.
Buying low and waiting
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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streetwise wrote:For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob Take your money to the Casino. similar odds, 1% to win the jackpot and 99% to lose your money. Life is short. Live passionately.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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streetwise wrote:For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob I disagree. Not Mumias. Labda kwengine. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Hapana , at the casino you are guaranteed to lose 100%. Tell me any one who made money in the casino and I will tell you 100 who have made money at the stock market including Mumias
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Rank: New-farer Joined: 8/19/2015 Posts: 25
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What impact will the government's move to write off debts owed to sugar millers to the tune on 35 billion have on the sugar sector?
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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mzitoaggrey wrote:What impact will the government's move to write off debts owed to sugar millers to the tune on 35 billion have on the sugar sector? That will attract investors when it comes to privatizing. Overall, the various strategic investors to be picked will determine the fate of many mills. I must say that , as a country, we must avoid such bodies as ISGEC. Asian sugar industry and especially Indian, is nothing but filth and junk. let's invite the very best such as Suedzucker , Cosan , Louis Dreyfus or Wilmar amongst other.Such should impact on the efficiencies of our mills. Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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Any news on the test Run and resumption of operations? “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: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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streetwise wrote:For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob You have read my mind, imagine now 200K shares at 2 and price goes to 10 or 20 bob. There is no risk on this one, after all there is bailout.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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technician wrote:streetwise wrote:For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob You have read my mind, imagine now 200K shares at 2 and price goes to 10 or 20 bob. There is no risk on this one, after all there is bailout. That's a familiar song! Heard it just before being shafted with the Ksh. 49.50 rights issues. Yes, Ksh. 49.50 per mumias sugar ordinary stock. Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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streetwise wrote:For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob Unga has consistently made a profit since 2011. It has valuable land, a brand name and even though its products are pricier (by 5-10%) many buy them because of the quality. Pays a dividend. Compare to Mumias. The product is often missing, they have lots of debt, the brand value has been diminished and the price differential vs Lugazi is huge. It can't pay a dividend for a few years until the Revenue Reserves are positive. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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Njung'e wrote:mzitoaggrey wrote:What impact will the government's move to write off debts owed to sugar millers to the tune on 35 billion have on the sugar sector? That will attract investors when it comes to privatizing. Overall, the various strategic investors to be picked will determine the fate of many mills. I must say that , as a country, we must avoid such bodies as ISGEC. Asian sugar industry and especially Indian, is nothing but filth and junk. let's invite the very best such as Suedzucker , Cosan , Louis Dreyfus or Wilmar amongst other.Such should impact on the efficiencies of our mills. Omnicane of Mauritius has partnered with the KUSCOL to revive Ramisi. I wonder how they are doing. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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Pesa Nane wrote:technician wrote:streetwise wrote:For one with money that has no immeduiate use this can be a kill.
Imagine 100K shares as 2 bob. And for argument sake the price goes to 10 Bob.
To jorg your mind , remember Unga at 12 bob and now 45 bob You have read my mind, imagine now 200K shares at 2 and price goes to 10 or 20 bob. There is no risk on this one, after all there is bailout. That's a familiar song! Heard it just before being shafted with the Ksh. 49.50 rights issues. Yes, Ksh. 49.50 per mumias sugar ordinary stock. MSC was risky for those who bought at 49.50 They bought high and they are now selling low Those are the investors that took a risk There is no risk for those buying now when it is low
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