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Mumias 2011 results
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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
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Rank: Elder Joined: 8/16/2011 Posts: 2,360
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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?  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!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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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.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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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 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Realtreaty, are you calling for divine intervention?  Will be interesting to see if Mumias closes past 7 on Monday GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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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  Ethanol
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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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?  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.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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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?  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
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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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).
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Rank: Elder Joined: 8/16/2011 Posts: 2,360
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Rank: Elder Joined: 8/16/2011 Posts: 2,360
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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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
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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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.
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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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.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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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.
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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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
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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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
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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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.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Think-tank opposes extension of sugar industry safeguards http://www.businessdaily...14/-/o7a2x2/-/index.htmlGOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Meanwhile, Mumias down 5.47% today to 6.05, with a low of 5.95 deal, your target of 8-9 bob seems way off  Seems me and Cde are eating some "dust"  the deal wrote:Cheer leaders  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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