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Mumias Sugar huge demand
Rank: New-farer Joined: 3/4/2010 Posts: 67 Location: Nairobi
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There seems to be a huge demand for this counter that outstrips supply.The share has been headed north albeit slow.What could be the reason? Share your info/thoughts.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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BIDS 2.93M Quantity Price Splits Time 499,900 6.10 11 14:14:43 182,200 6.05 5 14:14:43 1.61M 6.00 18 14:14:43 322,800 5.95 9 14:14:43 24,300 5.90 7 14:14:43 ASKS 629,700 Quantity Price Splits Time 900 6.15 1 14:14:43 158,600 6.20 7 14:14:43 6,900 6.25 2 14:14:43 70,000 6.30 4 14:14:43 20,000 6.40 1 14:14:43 TRADES Quantity Price Time 8,000 6.15 14:14:42 1,200 6.10 14:14:42 700 6.15 14:07:12 300 6.15 14:07:12 5,700 6.15 13:56:42 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: 18,097 Location: Nairobi
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Even if ALL were supplied at 6/- the value is negligible for the size (shares outstanding) of the firm. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Mumias Counter ? The dead shall rise again, (even if temporarily), it is a question of time. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Perhaps a case of "Pump and Dump"??  ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Any news on their Tana proposed investment? Have they found a strategic investor?
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Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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Sukari tamu . Will it do an Uchimi . Anyone in the house to say suuuukari ! Peace be with you
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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ProverB wrote:Perhaps a case of "Pump and Dump"?? hahahha. ofcourse its pump and dump when you have none of the stock !!!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Sukaaari is rallying...investors being offered a soft lending....where is the ethanol plant? where is the water bottling plant? white elephants?
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Rank: Member Joined: 11/26/2009 Posts: 67 Location: Pare pare
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the deal wrote:Sukaaari is rallying...investors being offered a soft lending....where is the ethanol plant? where is the water bottling plant? white elephants? Swala nyeti hilo. Got in @ 5.05,witnessed the last steroid run expecting to exit @ 7 bob but wapi.Eventually alighted at 5.75...now this. Supply just vanishes. QW this bus is pump and dump...6.70 then back to 5.50 yet no signs of their progress in their projects. Time will tell though. Hug the bear....ride the bull.....di$mount!!!
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Rank: Member Joined: 9/9/2010 Posts: 546 Location: Garissa
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the deal wrote:Sukaaari is rallying...investors being offered a soft lending....where is the ethanol plant? where is the water bottling plant? white elephants? I was also keen on knowing when these complementary projects will be unveiled. Is there any reason why Mumias cannot go back to 13 bob very soon? @Njung'e What'z up with the sector? Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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We are in a BULL market. So what do you expect ? If you sell your stock at a LOSS in this bull market you are an out righ STUPID investor. Period. And i say that with the strongest terms.  Thats why am advising folks that if you are under water in some of your stocks JUST HOLD.salvation draws near
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Rank: New-farer Joined: 3/4/2010 Posts: 67 Location: Nairobi
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When are these guys releasing the full year results? Any idea about what is anticipated?
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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@detomweri Be patient Month of August is not yet over Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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August is ending on Friday and no results, surely what is happening? Cooking cant take that long Thieves
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Likely this week "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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No profit warning announced yet...but profits can go down by 24 percent also!!!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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will get this stock on its way down... possunt quia posse videntur
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Asi, this sugar, this sugar, this sugar, this mumias sugar is heading to 8/-. This bus will not leave me, i am going to get some cum div. Niende? Receive with simplicity everything that happens to you.” ― Rashi
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Mumias Sugar huge demand
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