@ hisah . Lol. What is the panic for. Goldman sachs just raised the price forecast for white sugar and i expect speculators to flood mumias accordingly .
More so 12.00 is a very strong support and has bn testd and provd to be so.
I wait for the rally in a relaxd posture w/ a tooth pick in my mouth and druming the table w/ my fingers. Hehe. Come monday well get a clear pic . And more so mumias is over sold right now .

You guys just complicate stuff!! Host of biggest share holders cannot even spell NSE right yet they make more money than i do with fancy analysis!
Crap!

My biggest chunk - 12.85

@pkoli. Not only is the drought in brazil bad but so many countries have raised their sugar import quota due to faild crops that the global surplus has been cut to just 1 mill. tons. India cant match all these demand with the crop that will be coming into the market in October and thats y the sugar futures in newyork are high.
I c a rally in mumias w/ a corresponding rally in sugar prices internationally.

Winston-just the cash from the "O-oohs"

who is the biggest consumer of Mumias Co output?..before we go so far away..just regionally?

what is kenya's consumption of sugar?..even before we talk comesa region..

Entire comesa consumes about 6Billion tonnes..yet entire region produces only 4.6 Billion tonnes.. at the end of the day..there woill always be demand for mumias sugar..

how profitable mumias gets from such demand will turn depends with its competitive advantage in the industry as well as entire comesa region.. How cost efficient mumias gets by the day..on sugar production..

Medium term loan to develop elec generation is a huge plus

ethanol is a by product of whatever they do..but good on this front..

All in all..prospectives point north for the co..
HoWEvER!!..these factors are only reflected in share price really long termiously (sic )..and downtrend..uptrend potrayed in the share price is basically speculation.. fear/greed at the best..

Hey! should have put a caveat..i'm quoting Kidero from late night news jana..

Even so..

Tehehehe!.. i need to cut down on sembe-dondo diners! must have heard my on stuff..

Anyway..mumias sugar touts itself to control 60% sugar consumed in Kenya...plus that entire kenyan industry can only meet 45% local sugar requirements..the rest is covered by brazil/south africa imports..

The comesa agreement is slated to end in 2012? (not so sure)..making the industry liberal then..at that point..open flood gate to cheap imports then..it will be a massacre then i think..for inefficient n ineffective domestic producers..

mumias has better chances thanx to the brand, ethanol production..and full scale elect generation for the national grid..

my point at first was to QW..before we go "international sugar prices"..Mumias Sugar Co should be looked at as what it is doing here and now to combat with future liberal trade ties..starting 2012..to gauge its survival.. though i think the shareholders have to really think hard coz drama bado and 2012 is just hapa tu!