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Mumias 2011 results
youcan'tstopusnow
#41 Posted : Friday, August 26, 2011 8:28:46 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
So what do we expect for the CURRENT Financial Year for Mumias?

1) Low cane supplies = low sugar production
2) Low cane supplies = high fixed costs/kg
3) Low cane supplies = no bagasse for electricity production

And that's how the cookie crumbles
GOD BLESS YOUR LIFE
Realtreaty
#42 Posted : Friday, August 26, 2011 10:38:03 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,360
For Sport wrote:
VituVingiSana wrote:
So what do we expect for the CURRENT Financial Year for Mumias?

1) Low cane supplies = low sugar production
2) Low cane supplies = high fixed costs/kg
3) Low cane supplies = no bagasse for electricity production


will the price of sugar remain fixed?

Pray Trust God and be a business person. We do not know what tommorrow holds but we assume all well. Its like buying a plot in the city centre where demand can increase and value goes up five fold!
Cde Monomotapa
#43 Posted : Friday, August 26, 2011 10:49:53 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
What's needed here is one last major deviation...a fair discounting of the sugar division and i'm in it for the energy play.
Cde Monomotapa
#44 Posted : Friday, August 26, 2011 10:52:28 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
What's needed here is one last major deviation...a fair discounting of the sugar division and i'm in it for the energy play.

& the H2O smile
youcan'tstopusnow
#45 Posted : Friday, August 26, 2011 11:07:56 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Realtreaty, are you calling for divine intervention?smile
Will be interesting to see if Mumias closes past 7 on Monday
GOD BLESS YOUR LIFE
For Sport
#46 Posted : Friday, August 26, 2011 11:54:38 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
Cde Monomotapa wrote:
Cde Monomotapa wrote:
What's needed here is one last major deviation...a fair discounting of the sugar division and i'm in it for the energy play.

& the H2O smile


Ethanol smile
For Sport
#47 Posted : Friday, August 26, 2011 11:57:23 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
Realtreaty wrote:
For Sport wrote:
VituVingiSana wrote:
So what do we expect for the CURRENT Financial Year for Mumias?

1) Low cane supplies = low sugar production
2) Low cane supplies = high fixed costs/kg
3) Low cane supplies = no bagasse for electricity production


will the price of sugar remain fixed?

Pray Trust God and be a business person. We do not know what tommorrow holds but we assume all well. Its like buying a plot in the city centre where demand can increase and value goes up five fold!


Was just trying to say that when sugar was Kshs. 100 per kg - we bought it. Kshs. 110, 120, 130, 150, 160.....still buying. Problem is its the speculators and not the sugar companies footing the difference.
VituVingiSana
#48 Posted : Saturday, August 27, 2011 12:59:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
For Sport wrote:
Realtreaty wrote:
For Sport wrote:
VituVingiSana wrote:
So what do we expect for the CURRENT Financial Year for Mumias?

1) Low cane supplies = low sugar production
2) Low cane supplies = high fixed costs/kg
3) Low cane supplies = no bagasse for electricity production

will the price of sugar remain fixed?

Pray Trust God and be a business person. We do not know what tommorrow holds but we assume all well. Its like buying a plot in the city centre where demand can increase and value goes up five fold!

Was just trying to say that when sugar was Kshs. 100 per kg - we bought it. Kshs. 110, 120, 130, 150, 160.....still buying. Problem is its the speculators and not the sugar companies footing the difference.

What has god(s), ngai, yahweh, allah, krishna to do with the price of sugar? Or the price of mumias shares?
Low production means Mumias has to produce/sell at much higher prices to cover fixed costs & make a profit.
I have a feeling the constantly higher prices at retail are not accruing to mumias.

The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
For Sport
#49 Posted : Saturday, August 27, 2011 3:20:49 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
VVS wrote:
...The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.


We'll pray to God for the rains then..
(So God does have something to do with the price of sugar).
Realtreaty
#50 Posted : Saturday, August 27, 2011 10:46:16 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,360
youcan'tstopusnow wrote:
Realtreaty, are you calling for divine intervention?smile
Will be interesting to see if Mumias closes past 7 on Monday

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Mumias has splitted its shares twice, remember mumias was always between 30 and 40 bob. So its easy for it to go back to these highs and have a third split. Mumias has its own millionares who are laughing all the way to the bank. It clcked 15 bob this year and might go back there since no dilution!
Realtreaty
#51 Posted : Sunday, August 28, 2011 12:18:30 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,360
youcan'tstopusnow wrote:
Realtreaty, are you calling for divine intervention?smile
Will be interesting to see if Mumias closes past 7 on Monday

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Mumias has splitted its shares twice, remember mumias was always between 30 and 40 bob. So its easy for it to go back to these highs and have a third split. Mumias has its own millionares who are laughing all the way to the bank. It clcked 15 bob this year and might go back there since no dilution!Pray
VituVingiSana
#52 Posted : Monday, August 29, 2011 12:58:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
For Sport wrote:
VVS wrote:
...The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.

We'll pray to God for the rains then..
(So God does have something to do with the price of sugar).

Did you pray in 2011? Or in 2007? Or in 2008? So it seems your god ain't listening... Or you are praying for the wrong stuff!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
For Sport
#53 Posted : Monday, August 29, 2011 9:26:46 AM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
VituVingiSana wrote:
For Sport wrote:
VVS wrote:
...The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.

We'll pray to God for the rains then..
(So God does have something to do with the price of sugar).

Did you pray in 2011? Or in 2007? Or in 2008? So it seems your god ain't listening... Or you are praying for the wrong stuff!


Tsk..You assume I prayed.
For Sport
#54 Posted : Monday, August 29, 2011 11:29:59 AM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
Farmers now demand higher cane prices

"Sugarcane farmers are now demanding sugar companies review cane prices upwards to ensure that farmers also benefit from sugar price hikes.

Speaking on Sunday, the National Secretary General of the Kenya Sugarcane Growers Union, (Kensgu), Mr Ezra Olodi said it would only be fair that the farmers also had something to smile about with the high prices experienced in the country."

However did they get the idea that the companies' earnings have been boosted by the price hikes. Try claiming getting a slice of the speculators business.
Njung'e
#55 Posted : Monday, August 29, 2011 12:09:30 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
VituVingiSana wrote:
So what do we expect for the CURRENT Financial Year for Mumias?

1) Low cane supplies = low sugar production
2) Low cane supplies = high fixed costs/kg
3) Low cane supplies = no bagasse for electricity production


Reduced crushing days per week until cane supply improves.......I call that trouble.Mega trouble.....I am ready for a 4 bob bet!
Nothing great was ever achieved without enthusiasm.
VituVingiSana
#56 Posted : Monday, August 29, 2011 5:29:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
For Sport wrote:
VituVingiSana wrote:
For Sport wrote:
VVS wrote:
...The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.

We'll pray to God for the rains then..
(So God does have something to do with the price of sugar).

Did you pray in 2011? Or in 2007? Or in 2008? So it seems your god ain't listening... Or you are praying for the wrong stuff!

Tsk..You assume I prayed.
Hee hee, maybe you should... especially if it brings rain! Where are those traditional rain-makers? ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Jamani
#57 Posted : Monday, August 29, 2011 7:41:39 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
For Sport wrote:
VituVingiSana wrote:
For Sport wrote:
VVS wrote:
...The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.

We'll pray to God for the rains then..
(So God does have something to do with the price of sugar).

Did you pray in 2011? Or in 2007? Or in 2008? So it seems your god ain't listening... Or you are praying for the wrong stuff!

Tsk..You assume I prayed.
Hee hee, maybe you should... especially if it brings rain! Where are those traditional rain-makers? ;-)


Take ye heed, watch and pray:for ye know not when the time is. Mark 13:33
For Sport
#58 Posted : Monday, August 29, 2011 7:45:21 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
Jamani wrote:

Take ye heed, watch and pray:for ye know not when the time is. Mark 13:33


Believe me, I'm praying now.
youcan'tstopusnow
#59 Posted : Thursday, September 01, 2011 4:47:19 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Think-tank opposes extension of sugar industry safeguards

http://www.businessdaily...14/-/o7a2x2/-/index.html
GOD BLESS YOUR LIFE
youcan'tstopusnow
#60 Posted : Thursday, September 01, 2011 4:51:18 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Meanwhile, Mumias down 5.47% today to 6.05, with a low of 5.95

deal, your target of 8-9 bob seems way offSad

Seems me and Cde are eating some "dust"smile


the deal wrote:

Cheer leadersLaughing out loudly Laughing out loudly Laughing out loudly last Friday when i said i was bullish on Sukari...they called me all kinds of names...well I'm always here...i love it when you eat the dust...

GOD BLESS YOUR LIFE
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