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Mumias Sugar Company Interim Results.
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#41 Posted : Monday, August 31, 2009 8:54:00 AM
Rank: Member


Joined: 4/23/2008
Posts: 7
Profits after tax wenet up by 33% to 1.6B

Earnings per share Sh1.05

PE at Fridays closing price (6.85/-) would be 6.5X

Dividend per share 0.4/- per share

Whats your take on this share Skerians

Happy investing
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VituVingiSana
#42 Posted : Thursday, September 03, 2009 2:42:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Bottomline: No matter how efficient Mumias is... it is hamstrung by the politicians who will curry favour with farmers over the shareholders... ruto wants to pay farmers 3,500/tonne for cane which means it is ALREADY uncompetitive vs imported (tax-free) sugar.
_____ Kill the ONLY profitable 'public' sugar firm. Then open the gates for imports riddled with corruption. The Kenya way.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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