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Mumias 1st half down 73%
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Mainat
#1 Posted : Tuesday, June 16, 2009 4:08:00 PM
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Joined: 11/21/2006
Posts: 1,590
Here is the article. http://www.guardian.co.u...ss/feedarticle/8560916. Please also note the comment about cogenaration-I don't expect any upside from this for a while...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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eli
#2 Posted : Tuesday, June 16, 2009 4:20:00 PM
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Joined: 6/17/2008
Posts: 294
am waiting for it at 4bob!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
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VituVingiSana
#3 Posted : Tuesday, June 16, 2009 5:03:00 PM
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Joined: 1/3/2007
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MainaT: I expect a better 2H for Mumias. Of course,that is not saying much!

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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Mainat
#4 Posted : Tuesday, June 16, 2009 7:50:00 PM
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Joined: 11/21/2006
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Vitu-why,because the CFO said so? Let me reiterate,the capital MSC spent on the co-generation has to be written down or off. Via the P&L.
But if you are a trader,Ksh4.80 offers some good upside.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Njunge
#5 Posted : Wednesday, June 17, 2009 5:33:00 AM
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Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Mainat,

I almost fell off my chair.That CFO must be a very ignorant fellow.Why would you want to cool a steam plant with high quality water....???.or why cool it in the first place ??..That's besides the point anyway.The second half will disappoint and that is a fact since no much generation has been done since commissioning.I will still stick to my earlier thinking.Any tangible benefits from the cogen plant can only be realised in the first half of next financial year.For those who bought at shs 2.60 maybe it's time to take your money and wait it again at just about the same price...



Yombo dhier....!!
Nothing great was ever achieved without enthusiasm.
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Impunity
#6 Posted : Wednesday, June 17, 2009 5:40:00 AM
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Joined: 3/2/2009
Posts: 26,328
Location: Masada
ENjung'e......at what stockmarket was MSC trading at 2.60?Probably ASE (Afghan Stock Exchange).I cant remember MSC ever trading that low in the past decade.I stand to be corrected though.


Which is more dirty,the pig or Kenyan mp?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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jammo
#7 Posted : Wednesday, June 17, 2009 5:47:00 AM
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Joined: 2/12/2008
Posts: 345
Impunity....are u sure mumias didn't touch 2.60?..infact a low of 2.40...2.60 bein average price of the day? ..

..if it is not expressly prohibited in law.. DO IT!!!!
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Njunge
#8 Posted : Wednesday, June 17, 2009 6:25:00 AM
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@Impunity,

Wooooooieeee..!!......Poor dude..............!!...May be it's the Kaleo lady who has chapatid you...-:)


Yombo dhier....!!
Nothing great was ever achieved without enthusiasm.
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stonemimi
#9 Posted : Wednesday, June 17, 2009 7:16:00 AM
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Joined: 5/16/2009
Posts: 145
Now trading at 4.90 bob and moving north. I am projecting 13 in march 2010. My average is 8 and will stick in there for now.

Happiness is not a right - except for children. You won't be happy if you think too much. The search of happiness is one cause os sorrow.
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VituVingiSana
#10 Posted : Wednesday, June 17, 2009 7:27:00 AM
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Joined: 1/3/2007
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MainaT: I think the 2H will be better (there were a host of other factors that messed up 1H) but NOT by much...

**** Water production is a BY-PRODUCT of energy generation using steam turbines... steam is almost 100% gaseous water thus as it cools it becomes liquid water... Mumias will spend more distributing & packaging the water than the 'cost' of production...

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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slicky d
#11 Posted : Wednesday, June 17, 2009 7:30:00 AM
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Joined: 10/6/2006
Posts: 22
FACT:

Mumias was trading at between 2 - 2.5 shilling about 1 year after it was floated at a price of 6.5 just before the end of the Moi era. Brokers tried to prop it up but it flagged. Just before 2002 election mumias posted a ten cents profit. Booker management was chased and kidero was apointed and mumias made us money like ... The mumias had a secong public offer and that is when the prices fell albeit after a bonus of 2-1.






The stock market is not for the faint hearted. The US market has had over 50 market corrections in 70 years
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Njunge
#12 Posted : Wednesday, June 17, 2009 7:36:00 AM
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Joined: 2/7/2007
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@VVS,

'Water production is a BY-PRODUCT of energy generation using steam turbines... steam is almost 100% gaseous water thus as it cools it becomes liquid water'..........

hehehehehe......Anyone who has been near a thermal steam plant must be laughing himself/herself silly.Always say things you understand.......Here is your idea.Next time you come from a long trip,in order to save time and energy,would you syphon hot water from your car's radiator to make a cup of coffee or kuon??.........hehehe...Lemme enjoy my morning...-:)


Yombo dhier....!!
Nothing great was ever achieved without enthusiasm.
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jerry
#13 Posted : Wednesday, June 17, 2009 10:19:00 AM
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Joined: 9/29/2006
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Records show a recent LOW of KES 3.20. I'd despaired at 3.45.

Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season.
The opposite of courage is not cowardice, it's conformity.
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Njunge
#14 Posted : Wednesday, June 17, 2009 10:37:00 AM
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Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Jerry,

3.2 bob for week average.......day average of 2.60 and a low of 2.40 was realised sometimes in Feb.


Yombo dhier....!!
Nothing great was ever achieved without enthusiasm.
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