Wazua
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Mumisa Sugar FY 2011/12 Results
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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This was expected, we had been warned earlier in the month by mzee njung'e the insider of mumias. Thieves
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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http://bit.ly/PDzyUv
50 cts dividend declared...so things not bad after all
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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This one missed a profit warning by a whisker  No wonder the wait till end month & on a Friday,just before weekend! Sub 6 here we come! Timely exit for Kidero? @SufficientlyP
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Am trying to reconcile the 33% decrease reported by Reuters and the 4% growth reported by Mumias A bad day fishing is better than a good day at work
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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At least fear made me leave at 6.8 bob, not bad! Thieves
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Rank: Member Joined: 8/14/2007 Posts: 111
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If he failed to deliver @ mumias sugar as CEO for many years,can we trust him as nairobi Governor . Again just my opinion regarding KIDERO EVANS Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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StatMeister wrote:Am trying to reconcile the 33% decrease reported by Reuters and the 4% growth reported by Mumias One is on Gross profit the othe on on PAT. They attributed it to tax benefits Foresight..
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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mypesa wrote:If he failed to deliver @ mumias sugar as CEO for many years,can we trust him as nairobi Governor .
Again just my opinion regarding KIDERO EVANS How did he fail to deliver??....In my opinion,EK did a sterling job at MSC.He initiated expansion of processing,branding,packaging,fortifying,Co-generation,ethanol,water,erp amongst many other projects which have enabled the company to grow and stay afloat.The same earned him CEO of the year at one time.Most who know him would completely disagree with you.Would he deliver as a Nairobi Gavana?.My honest opinion is yes!...but that i leave to politiks.Back to business! Nothing great was ever achieved without enthusiasm.
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Rank: New-farer Joined: 7/17/2012 Posts: 14
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The company was expected to have made a lot of quid given the crazy sugar prices at the beginning of this year.Or were they slow in responding to the business opportunity? with 60% market share, MSC should have done better.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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mzalendomoja wrote:The company was expected to have made a lot of quid given the crazy sugar prices at the beginning of this year.Or were they slow in responding to the business opportunity? with 60% market share, MSC should have done better. Sugar is not a basic need. Higher prices mean fewer buyers, not good for a factory that makes a margin on processing. high prices also make good business sense importing sugar. A bad day fishing is better than a good day at work
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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StatMeister wrote:mzalendomoja wrote:The company was expected to have made a lot of quid given the crazy sugar prices at the beginning of this year.Or were they slow in responding to the business opportunity? with 60% market share, MSC should have done better. Sugar is not a basic need. Higher prices mean fewer buyers, not good for a factory that makes a margin on processing. high prices also make good business sense importing sugar. I don't think MSC benefited from the high sugar prices towards the end of 2011 and beginning 2012 but it was the wholesalers and retailers who hiked the, Nakumatt Nanyuki was still selling a 2kg pack @ 250/= but restricting buyers to one pack plus purchase of other items at the supermarket. The same was going for about 400/= with other retailers. If you don't want to go to plan B have a good plan A.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ Statmeister - sugar is a basic need...wanjiku might use one or half tsp for tea instead of 2 tsp but they will still buy sugar!!
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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FUNKY wrote:@ Statmeister - sugar is a basic need...wanjiku might use one or half tsp for tea instead of 2 tsp but they will still buy sugar!!
leaner times ahead.mumias is now selling a 50kg bag at 3875 down from 6300.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Njung'e wrote:mypesa wrote:If he failed to deliver @ mumias sugar as CEO for many years,can we trust him as nairobi Governor .
Again just my opinion regarding KIDERO EVANS How did he fail to deliver??....In my opinion,EK did a sterling job at MSC.He initiated expansion of processing,branding,packaging,fortifying,Co-generation,ethanol,water,erp amongst many other projects which have enabled the company to grow and stay afloat.The same earned him CEO of the year at one time.Most who know him would completely disagree with you.Would he deliver as a Nairobi Gavana?.My honest opinion is yes!...but that i leave to politiks.Back to business! @ Njung'e well said....
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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I am staying out until a sustainable profit growth can be seen (without the use of tax credits). Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Mumias facing huge competition from cheaper imports. http://www.nation.co.ke/...4/-/spx55jz/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Will we continue to use type writters because bringing cheaper computers will put type writers out of business. Why should the general public pay for the ineffiency of the system. Im all for the cheaper imports. It will wake up the necessary sectors that can change the efficiency The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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I think its still a good stock especially if it goes sub 6... possunt quia posse videntur
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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maka wrote:I think its still a good stock especially if it goes sub 6... Waiting for it at 4.8-5.2 bob range. Thieves
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Mumisa Sugar FY 2011/12 Results
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