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Mumias Sugar huge demand
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mzalendomoja
#21 Posted : Thursday, September 27, 2012 8:32:08 AM
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Joined: 7/17/2012
Posts: 14
with a dividend yield of 8% we shall continue seeing a huge demand build up for the long term investors.I expect MSC to hit at least 7.50 by early Nov.Its a good buy.
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S.Mutaga III
#22 Posted : Thursday, September 27, 2012 8:52:52 AM
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Joined: 3/26/2012
Posts: 830
Am buying it ex dividend at any price below 5 bob...preferably the day after books closure.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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mlennyma
#23 Posted : Thursday, September 27, 2012 8:56:32 AM
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Joined: 7/21/2010
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Location: nairobi
Cane supply wrangles persist taking toll on output...
"Don't let the fear of losing be greater than the excitement of winning."
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S.Mutaga III
#24 Posted : Thursday, September 27, 2012 9:29:10 AM
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Joined: 3/26/2012
Posts: 830
Its core business i.e sugar milling may be shaky,but the diversification move was ingenius.I see this company having a spectacular increase in profit after tax years to come...the Rea Vipingo way.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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detomweri
#25 Posted : Thursday, September 27, 2012 11:04:07 AM
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Joined: 3/4/2010
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Location: Nairobi
A demand of 4M and a supply of 150K! have guys started holding or what?
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hisah
#26 Posted : Thursday, September 27, 2012 5:49:32 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mzalendomoja wrote:
with a dividend yield of 8% we shall continue seeing a huge demand build up for the long term investors.I expect MSC to hit at least 7.50 by early Nov.Its a good buy.

@7.50/- the P/E is still low @5.68 and the div yield will be 6.67%. I expect the P/E to be pushed at least to 6.5s which will see the price to shoot to 8.30 - 8.50 level. At 8.50 the div yield will be 5.88%.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Gatheuzi
#27 Posted : Thursday, September 27, 2012 6:03:45 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
They have won the first round of cane case against West Sugar co.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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dunkang
#28 Posted : Thursday, September 27, 2012 8:07:01 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
S.Mutaga III wrote:
Am buying it ex dividend at any price below 5 bob...preferably the day after books closure.

i have noticed that most stocks have refused to tank after book closure this year, eg safcom, kcb, equity, britam, eabl etc. very lil down movement have been seen in few stocks eg hfck, bat and agrics
Receive with simplicity everything that happens to you.” ― Rashi

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dunkang
#29 Posted : Tuesday, October 09, 2012 12:21:44 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Mumias-Kakamega County: The embattled West
Kenya Sugar Company has been ordered to quit its
operations in Busia County or face serious consequences.
The orders by stakeholders from the county comes
closely after the high court sitting in Kakamega
dismissed the company’s application seeking to dismiss a
case filed by Mumias Sugar Company against West
Kenya to stop poaching sugarcane from farmers
contracted to it.
A group of over thirty youth including ten farmers led
by a Director of Busia (Sugarcane) out growers Company
(BOCO) gave notice to West Kenya to stop its operations
in the County immediately saying that the only thing the
company could have been allowed to do was to build a
sugar factory in the county.
http://westfm.co.ke/mobi...944#.UHPjljaUocs.twitter
Receive with simplicity everything that happens to you.” ― Rashi

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mawinder
#30 Posted : Tuesday, October 09, 2012 12:26:09 PM
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Joined: 4/30/2008
Posts: 6,029
dunkang,they are joking.they should learn from what happened to west kenya's competitors in the timber industry.
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VituVingiSana
#31 Posted : Wednesday, October 10, 2012 1:04:02 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,049
Location: Nairobi
[quote=dunkang]Mumias-Kakamega County: The embattled West
Kenya Sugar Company has been ordered to quit its
operations in Busia County or face serious consequences.
The orders by stakeholders from the county comes
closely after the high court sitting in Kakamega
dismissed the company’s application seeking to dismiss a
case filed by Mumias Sugar Company against West
Kenya to stop poaching sugarcane from farmers
contracted to it.
A group of over thirty youth including ten farmers led
by a Director of Busia (Sugarcane) out growers Company
(BOCO) gave notice to West Kenya to stop its operations
in the County immediately saying that the only thing the
company could have been allowed to do was to build a
sugar factory in the county.
http://westfm.co.ke/mobi...44#.UHPjljaUocs.twitter[/quote] Blowhards. They have no say until the court decides.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wilyum
#32 Posted : Thursday, October 18, 2012 9:11:24 AM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
is this counter still on course to go up past 6.5 before the book closure?
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FUNKY
#33 Posted : Tuesday, October 30, 2012 4:11:38 PM
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Joined: 4/30/2010
Posts: 1,635
Only three days left for book closure and this counter is going down instead of going up!!
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maka
#34 Posted : Tuesday, October 30, 2012 4:44:27 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:
mzalendomoja wrote:
with a dividend yield of 8% we shall continue seeing a huge demand build up for the long term investors.I expect MSC to hit at least 7.50 by early Nov.Its a good buy.

@7.50/- the P/E is still low @5.68 and the div yield will be 6.67%. I expect the P/E to be pushed at least to 6.5s which will see the price to shoot to 8.30 - 8.50 level. At 8.50 the div yield will be 5.88%.

...Nothing of the sort is happening in this case.
possunt quia posse videntur
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dunkang
#35 Posted : Tuesday, October 30, 2012 5:16:19 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
FUNKY wrote:
Only three days left for book closure and this counter is going down instead of going up!!


Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-.

Am exiting this mbus!!!!
Receive with simplicity everything that happens to you.” ― Rashi

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innovator
#36 Posted : Tuesday, October 30, 2012 6:44:31 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
dunkang wrote:
FUNKY wrote:
Only three days left for book closure and this counter is going down instead of going up!!


Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-.

Am exiting this mbus!!!!


Try to sweet talk @ njunge, he could have a clue what is happening down there.
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guru267
#37 Posted : Tuesday, October 30, 2012 6:53:30 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
dunkang wrote:
FUNKY wrote:
Only three days left for book closure and this counter is going down instead of going up!!


Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-.

Am exiting this mbus!!!!


You're right!!

Price action cum div suggests a huge fall in the share price ex div! Sad
Mark 12:29
Deuteronomy 4:16
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King G
#38 Posted : Tuesday, October 30, 2012 7:25:27 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
guru267 wrote:
dunkang wrote:
FUNKY wrote:
Only three days left for book closure and this counter is going down instead of going up!!


Very commotional stock this is. Hii kanyangarika will tank ex. div. to 5/-.

Am exiting this mbus!!!!


You're right!!

Price action cum div suggests a huge fall in the share price ex div! Sad


Wont mind 4.8 bob where we came from. Partially exited at 6.8 bob
Thieves
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hisah
#39 Posted : Wednesday, October 31, 2012 4:28:37 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
maka wrote:
hisah wrote:
mzalendomoja wrote:
with a dividend yield of 8% we shall continue seeing a huge demand build up for the long term investors.I expect MSC to hit at least 7.50 by early Nov.Its a good buy.

@7.50/- the P/E is still low @5.68 and the div yield will be 6.67%. I expect the P/E to be pushed at least to 6.5s which will see the price to shoot to 8.30 - 8.50 level. At 8.50 the div yield will be 5.88%.

...Nothing of the sort is happening in this case.

Yep. This one has been shunned by div investors, most likely investors were not amused by the fact that the 4% PAT gain was due to tax credit while revenues dipped first time in 4yrs. The likelihood of crashing down to 5/- is very high exdiv.

Assuming the results for 2013 remain flat, the P/E is very low. At @6.05/- trailing P/E is 4.58.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#40 Posted : Wednesday, October 31, 2012 4:35:34 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Concerns are cane shortage and slow implementation of supporting projects.
"Don't let the fear of losing be greater than the excitement of winning."
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