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Mumias Sugar getting more sugary
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Magigi
#1 Posted : Friday, January 15, 2010 12:26:37 PM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
...for sure, Mumias Sugar is the stock to watch in 2010...a 60 cents increase in one day is no small matter. I can't wait for it to get to 14 bob, the price I bought at...
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mv_ufanisi
#2 Posted : Friday, January 15, 2010 12:50:43 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
How about for those who bought at Kshs 60? When can we expect a reversal of losses?
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Magigi
#3 Posted : Friday, January 15, 2010 1:00:43 PM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
@MV...At 60? You are kidding! I guess you bought before the split...
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Njung'e
#4 Posted : Friday, January 15, 2010 1:01:57 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@MV-ufanisi,
You got a bonus of 2 for every one held which would bring down your buying price to 20 bob or lower.....If you did not stop buying then,your average price should be far much lower by now......Even then,for every gainer,there is a loser....you can't help.
Nothing great was ever achieved without enthusiasm.
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chaliwong
#5 Posted : Friday, January 15, 2010 1:35:22 PM
Rank: New-farer

Joined: 1/10/2010
Posts: 73
Location: kenya
Mumias is going to get sweeter it has been undervalued for long.But in the past I have found it very difficult to buy the number of shares I want especially when the price was at Ksh3.50 even with enough supply available.Is this common with this counter or is a problem with my broker?Anybody?
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mukiha
#6 Posted : Friday, January 15, 2010 2:10:20 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
My average buy price is 9.75; I plan to start taking profits at 11.20. That day appears to be coming very soon.

Profits taken here and from SCOM are going to CFC. My average buy there is (don't laugh!) in the high 70s! Started buying after merger with Stanbic was announced at 115 in Dec 07. The stock closed at 43.50 today, so you can understand my position....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Wakanyugi
#7 Posted : Friday, January 15, 2010 5:19:24 PM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
This Mumias simply confirms my belief that markets are more irrational than rational. What has changed over the last few weeks to make the share worth almost 40% more than it was? I recall I asked the same question when Safaricom fell to 3 bob, but never got an answer.

I have a suspicion that many 'pundits' observe a trend and then try to retrofit an interpretation after the fact. Wisdom is life read in reverse. I am not complaining though; I own over 20,000 of the damn things.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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gathinga
#8 Posted : Saturday, January 16, 2010 6:35:59 AM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
The Rally appears to be on most of the stocks although at varying magnitudes...so one cant attribute it to Mumias only

I see us having a counter rally every three weeks or so.Now its Safcom and Mumias. Time for NIC bank rally isnt too far away
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VituVingiSana
#9 Posted : Monday, January 18, 2010 6:50:50 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
The 60/- was BEFORE the 2:1 bonus so it means that you have 3 shares for 60 = 20/share...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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spacer
#10 Posted : Monday, January 18, 2010 7:40:15 AM
Rank: Member

Joined: 12/20/2007
Posts: 5
Its Indeed getting Sweeeder but I doubt It will go as High as 14 - 20 Bob. Its NSE dont be blinded by the rise
Sell when rising not waiting for highest price
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