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Mumias FY 2014
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HaMaina
#41 Posted : Thursday, September 11, 2014 11:45:21 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 903
Othelo wrote:
why the over 10% drop before results are announced!


Good question everyone should ask themselves before selling.
“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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streetwise
#42 Posted : Thursday, September 11, 2014 11:58:11 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Profit warning is enough to drive the over 10% drop. I expect when the results finally come out there will be little reaction if any
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dunkang
#43 Posted : Thursday, September 11, 2014 11:59:04 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
HaMaina wrote:
Othelo wrote:
why the over 10% drop before results are announced!


Good question everyone should ask themselves before selling.

Eti munauliza nini? Pray Pray Pray
Didn't you guys hear about a "PROFIT WARNING"? (Actually, its more of a greater loss "warning")
Receive with simplicity everything that happens to you.” ― Rashi

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Sober
#44 Posted : Thursday, September 11, 2014 12:23:49 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
At sub 2.00 I bet I could buy the shares just for fun knowing the counter can't sink any further. What is the lowerst any share has ever sunk to?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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streetwise
#45 Posted : Thursday, September 11, 2014 12:44:10 PM
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Joined: 6/23/2011
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Location: Nairobi
Dont know but i can't resist 1.00 Bob
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stock.enigma
#46 Posted : Thursday, September 11, 2014 1:03:02 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
stock.enigma wrote:
This thing will be at Sh. 2 tomorrow and looks like it might touch Sh 1 by Dec 2014 if nothing changes.


Today at sh 2.
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Cde Monomotapa
#47 Posted : Thursday, September 11, 2014 1:08:19 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
As the stock is being sold, cane transporters are... http://t.co/Kzm1MjmaiN
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Pesa Nane
#48 Posted : Thursday, September 11, 2014 2:05:29 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Wealth erosion is monumental here. CMA should now just suspend this thing + operations should be suspended until a proper transparent audit including a verification of assets is done. I suspect a tyranny of alibabas. Sad Sad
Pesa Nane plans to be shilingi when he grows up.
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stock.enigma
#49 Posted : Thursday, September 11, 2014 3:03:50 PM
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Joined: 8/14/2009
Posts: 244
Pesa Nane wrote:
Wealth erosion is monumental here. CMA should now just suspend this thing + operations should be suspended until a proper transparent audit including a verification of assets is done. I suspect a tyranny of alibabas. Sad Sad


Not before I add up @sh1 before Dec 14
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jawgey
#50 Posted : Thursday, September 11, 2014 3:13:35 PM
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Joined: 1/13/2014
Posts: 378
Location: Denmark
Wait a minute.. There are people who are selling at 2bob?. i'd never allow myself to realize that loss, it's shameful, i'll just book it on paper and wait for recovery (if any).
Seeing is believing
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jerry
#51 Posted : Thursday, September 11, 2014 3:42:23 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Sober wrote:
At sub 2.00 I bet I could buy the shares just for fun knowing the counter can't sink any further. What is the lowerst any share has ever sunk to?

1.6 ERDY?
The opposite of courage is not cowardice, it's conformity.
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Realtreaty
#52 Posted : Friday, September 12, 2014 1:34:43 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
Mothers' narture is nolonger sweet. Hope this is the last loss and from here they gonna pull up their straws to draw sweet nectar.
The stock will be back to normal and by Dec it will be above 4 kes.
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VituVingiSana
#53 Posted : Friday, September 12, 2014 9:17:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,057
Location: Nairobi
Mumias did not get a bailout from Kamwana. Why not?

Anyway, let's see how much rot Ameyo & friends find in Mumias coz the more dirt, the more write-offs are needed even in FY 2015/16. Then the COMESA safeguards will come off. Will Mumias survive?

Yet, there is huge potential if Mumias can get its purchasing right i.e. cheaper cane [regardless of politics]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#54 Posted : Friday, September 12, 2014 9:31:25 AM
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Joined: 7/21/2010
Posts: 6,175
Location: nairobi
According to kenyas political games,mumias must die first so that somebody gets more credit by raising it from total death or collapse
"Don't let the fear of losing be greater than the excitement of winning."
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MaichBlack
#55 Posted : Friday, September 12, 2014 10:20:10 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
dunkang wrote:
HaMaina wrote:
Othelo wrote:
why the over 10% drop before results are announced!


Good question everyone should ask themselves before selling.

Eti munauliza nini? Pray Pray Pray
Didn't you guys hear about a "PROFIT WARNING"? (Actually, its more of a greater loss "warning")

Profit warning the day before the results announcement??? The Kenyan system is a joke! What's the point? Imagine a fellow who buys a tonne of shares on Tuesday, you issue a profit warning on Wednesday and release the results on Thursday!!! There should be a minimum time set between issuing a profit warning and releasing the results! Otherwise I don't see the point of profit warnings!! Does the management just wake up the day before the results are released and realize, oops, the profits will be down by more than 25% [or the loss will be higher]???

CMA should be categorized as a comedy club! Some companies don't even give profit warnings! They get hit with a small fine which they pay using shareholders' money and life goes on!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Cde Monomotapa
#56 Posted : Saturday, September 13, 2014 10:50:27 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
@Realtreaty Came across some interesting material on Sugar beets. This is by Brit farmers & millers.

Beets have their own dynamics. Very interesting

Video: Sugar beet campaign under way for 2014 http://www.fwi.co.uk/art...-under-way-for-2014.htm

http://www.fwi.co.uk/art...ace-hefty-price-cut.htm

Also, seems to be a concern of glut by the bigger/global millers, looking to cut production. Points to higher sugar futures going forward.

http://www.moneycontrol....traders-say_1174081.html
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a_abbass
#57 Posted : Saturday, September 13, 2014 11:27:23 AM
Rank: New-farer


Joined: 9/13/2014
Posts: 10
Location: Kenya
The counter still has a p/b of less than 1, assets are valuable and retained earnings could provide a temporary cushion.

Psychological value of 2 bob still holding, gone to 2.20 on Friday. A Dead-Cat-Bounce or a short term recovery?
No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation - Robert Rhea
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jerry
#58 Posted : Saturday, September 13, 2014 2:10:55 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
stock.enigma wrote:
Pesa Nane wrote:
Wealth erosion is monumental here. CMA should now just suspend this thing + operations should be suspended until a proper transparent audit including a verification of assets is done. I suspect a tyranny of alibabas. Sad Sad


Not before I add up @sh1 before Dec 14

What's there on 14th Dec or Dec 14?
The opposite of courage is not cowardice, it's conformity.
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jerry
#59 Posted : Saturday, September 13, 2014 2:13:52 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
mlennyma wrote:
According to kenyas political games,mumias must die first so that somebody gets more credit by raising it from total death or collapse

You must be buying like crazy.
The opposite of courage is not cowardice, it's conformity.
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MaichBlack
#60 Posted : Saturday, September 13, 2014 3:57:25 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
jerry wrote:
mlennyma wrote:
According to kenyas political games,mumias must die first so that somebody gets more credit by raising it from total death or collapse

You must be buying like crazy.

Or just crazy!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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