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Mumias Sugar huge demand
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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aish yawa, scary but due to your past performance on this stock likely to be true. will be watching keenly Thieves
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sugar guru. Is this company likely to thrive post the comesa rules? Thats the only thing that worries me about this company The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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http://wazua.co.ke/forum...sts&t=17287&p=2
Anybody going through the above thread will realise that there has been alot of misadvise on this stock! ok,lets wait and see
βThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.β
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Advice issued Feb 2012 -> We retain our BUY recommendation on Mumias. However based on our adjusted forecasts, we revise our fair value estimate to KES 8.04 (60.8% upside). Best Regards, Research Department | Standard Investment Bank Ltd $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Btw there is a huge seller at 6/- $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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Metasploit wrote:http://wazua.co.ke/forum.aspx?g=posts&t=17287&p=2
Anybody going through the above thread will realise that there has been alot of misadvise on this stock!
ok,lets wait and see Very true, the misadvise will course some guys missing out, I see the stock at 12/= by the time they report their full year earnings  If you don't want to go to plan B have a good plan A.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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hisah wrote:Advice issued Feb 2012 -> We retain our BUY recommendation on Mumias. However based on our adjusted forecasts, we revise our fair value estimate to KES 8.04 (60.8% upside).
Best Regards,
Research Department | Standard Investment Bank Ltd Is there such a department, that churns out such brief straight to the point good advice? Does it have an email? And why hasn't your front office blokes ever told us?
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Mukiri wrote:hisah wrote:Advice issued Feb 2012 -> We retain our BUY recommendation on Mumias. However based on our adjusted forecasts, we revise our fair value estimate to KES 8.04 (60.8% upside).
Best Regards,
Research Department | Standard Investment Bank Ltd Is there such a department, that churns out such brief straight to the point good advice? Does it have an email? And why hasn't your front office blokes ever told us? Mukiri, hisah does not work for SIB (at least not to my knowledge ) He was just posting a previous recommendation from them. Research reports are usually long. If you don't like poring over all that stuff, you can just skip past it and go straight to the 'Conclusion'. Be wary of this approach though... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Mucene wrote:Very true, the misadvise will course some guys missing out, I see the stock at 12/= by the time they report their full year earnings 12 bob? What made you come up with that figure? What do you think are Mumias' prospects? Ama ni 'mucene' gani uliskia?;-) GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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youcan'tstopusnow wrote:Mucene wrote:Very true, the misadvise will course some guys missing out, I see the stock at 12/= by the time they report their full year earnings 12 bob? What made you come up with that figure? What do you think are Mumias' prospects? Ama ni 'mucene' gani uliskia?;-) Mumias will get a serious beating in q1 of next year - their q3. wacha tu. with tha rains, battles for cane in western region and politics. Thieves
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Aguytrying wrote:sugar guru. Is this company likely to thrive post the comesa rules? Thats the only thing that worries me about this company Are people likely to drink sugar after the Comesa rules. Perhaps we should ponder this. Life is short. Live passionately.
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:Aguytrying wrote:sugar guru. Is this company likely to thrive post the comesa rules? Thats the only thing that worries me about this company Are people likely to drink sugar after the Comesa rules. Perhaps we should ponder this. they will drink. but sugar from where? the comesa sugar is much cheaper so who will voluntarily buy expensive sugar ? the the tarda project is vision 2030 at the current pace. id buy at these levels if the competition of the future was clearer The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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This company is an interesting one.it has potential to make money but I think it is not concentrating on the areas that really contribute to the bottomline. Take for instance its receivables,why wuld the company entertain 3 months credit...this makes the company tie most of its money on receivables...their debt collection is quite inefficient. Another area of concern is its supply chain,yesterday and many days I have observed the MSC sugar is no where to be found in most retail outlets...why wuld this be an issue for a company that has been in business for decades. The demand is there for the product but you will find that supplying this market and collecting the money is an issue.Unless this company gets its house in order they are going to get a beating from local firms and imports. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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3 Months credit?? i thought sugar is purely a cash business!
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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I anticipate profit warning for half year ending Dec 2012.....i am certain. Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Njung'e wrote:I anticipate profit warning for half year ending Dec 2012.....i am certain. I know ill be killed by some people but here we SERIOUSLY DISAGREE! Half year ending 2012 will see healthy profit growth! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:Njung'e wrote:I anticipate profit warning for half year ending Dec 2012.....i am certain. I know ill be killed by some people but here we SERIOUSLY DISAGREE! Half year ending 2012 will see healthy profit growth! The sugar guru says profit warning, the other guru says profit for H1 2012...
I take sides with the sugar guru, based on share price behaviour even with a fat dividend yield, lukewarm excitement, share to tank or remain below 6.50/- by full year.
@youcant - pls keep the tabs on this one in your memory bank $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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I tend to lean to the sugar guru's side on this one time keeping in mind that in the previous FY result the PBT was actually a loss only to be bailed out by tax refunds. Receive with simplicity everything that happens to you.β β Rashi
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Its still undervalued even if they issue a Profit warning possible due to low global sugar prices & some operational constraints in FY 2013, just look at the PE, NAV & DY, its cheap @ the current price. One of my long term projects, i will be buying at every price dip...ethanol, water bottling...power generation...TARDA...hard to ignore!
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