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Mumias to start Tana Sugar Belt
Rank: User Joined: 11/10/2010 Posts: 550 Location: Junction
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Once this project kick starts, Mumias will be a gold mine. Sugar cane here matures in less than ten months while in Western it takes two or more years on top of the sugarcane plantation getting set of fire by those guys from the vicinity. Is it Oya for Mumias. Do we buy now, do we buy the rights, or we wait until after the elections. I have set aside 6million for the venture. By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...Gaitho dialogues.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Kihangeri wrote:Once this project kick starts, Mumias will be a gold mine. Sugar cane here matures in less than ten months while in Western it takes two or more years on top of the sugarcane plantation getting set of fire by those guys from the vicinity.
Is it Oya for Mumias. Do we buy now, do we buy the rights, or we wait until after the elections. I have set aside 6million for the venture. they have a rights issue ?
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@QW, Yep.....but in early 2013.Money intended for the new sugar plant in Bura.....Still some way to go. Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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I think the problem with mumias is slow execution of their business plan, they have taken forever to just get started on the ethanol production and the bottled water project, they will take forever on this Tarda project...i think that's the problem when you have an MD who is running for political office. I wouldn't give them a penny unless they change their ways
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Bad news this rights issue...it looks big!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Sukari to buy 51% of Nzoia Sugar Company via Business Daily, I see this thing trading at 14 bob come 2014.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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2deal, Don't celebrate yet.I would be very glad if this happened.It's actually something i have campaigned seriously for but you realise Nzoia is a parastatal and therefore,it's sale in part or in toto is subject to the privatisation committee.Ga'ment procurement procedure demands for competetive bidding and probably the only way to circumvent this is by a cabinet resolution.I am not aware of one but again,being an erection year,anything liquid may go.....For me it's fingers closed. Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 4/14/2011 Posts: 639
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Njung'e wrote:2deal,
Don't celebrate yet.I would be very glad if this happened.It's actually something i have campaigned seriously for but you realise Nzoia is a parastatal and therefore,it's sale in part or in toto is subject to the privatisation committee.Ga'ment procurement procedure demands for competetive bidding and probably the only way to circumvent this is by a cabinet resolution.I am not aware of one but again,being an erection year,anything liquid may go.....For me it's fingers closed. The biggest undoing of ths company is operating like a parastatal...very slow in executing everything...u just cant trust it no wonder a CEO grows political ambitions n still servs.aaaarrgh.....somebody wake me up when they implement all the plans(heading to sleep)
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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I will deep my fingers in the sukari jar when it touches a low of sufferingcon or paka ranges. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 11/10/2010 Posts: 550 Location: Junction
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Njung'e wrote:2deal,
Don't celebrate yet.I would be very glad if this happened.It's actually something i have campaigned seriously for but you realise Nzoia is a parastatal and therefore,it's sale in part or in toto is subject to the privatisation committee.Ga'ment procurement procedure demands for competetive bidding and probably the only way to circumvent this is by a cabinet resolution.I am not aware of one but again,being an erection year,anything liquid may go.....For me it's fingers closed. Excellent remarks here. By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...Gaitho dialogues.
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Rank: User Joined: 11/10/2010 Posts: 550 Location: Junction
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With retained earnings of 7.8 billion currently, Mumias is a serious company. On purchasing Nzoia, is it prudent to issue a bonus share for converting the retained earnings into capital? Njung'e saidia hapa. By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...Gaitho dialogues.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Impunity wrote:I will deep my fingers in the sukari jar when it touches a low of sufferingcon or paka ranges.
so in short, never. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Aguytrying wrote:Impunity wrote:I will deep my fingers in the sukari jar when it touches a low of sufferingcon or paka ranges.
so in short, never.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Looks set to drop this one... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The listed firm said the ethanol plant, which was supposed to start operations last month, will now begin production in May with the lost production time slashing full-year output projections by two thirds. Finance director Peter Kebati said the plant was supposed to contribute Sh600 million in revenue, but the figure for the financial year has been revised to between Sh200 million and Sh250 million. http://www.businessdaily.../-/4w084jz/-/index.html
GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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i remember buying mumias at 3bob awhile back..and exited at 7.... seeing it @4.50 makes me giddy!! :) ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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mkonomtupu wrote:I think the problem with mumias is slow execution of their business plan, they have taken forever to just get started on the ethanol production and the bottled water project, they will take forever on this Tarda project...i think that's the problem when you have an MD who is running for political office. I wouldn't give them a penny unless they change their ways There is a new MD coming...they announced the politician is resigning...
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I'm just wondering how much lower this share can go, it's already at a discount. Rights issues, post bonus have no respect for any share. The investor's chief problem - and even his worst enemy - is likely to be himself
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