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SLUGGISH MUMIAS?
Rank: Elder Joined: 8/16/2011 Posts: 2,358
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Sugar like bread is very important to our economy. Mumias introduced good packaging and others followed. Mumias quoted that they have enough sugar for us as it gives 60% market holding. This means money. Enter any mall and if there is no Mumias, you fold your face. They went to maintenance to give machines a break and protect their machinery from the mud on the farms as rains pounded as well as let the sugarcane mature for next season. How then is all that good news linked to the bad perfomance at stock exchange? Lets be civil here! If you aren't civil you are corrupt and a cartel that thrive on sugar from kismayu 
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Realtreaty wrote:Sugar like bread is very important to our economy. Mumias introduced good packaging and others followed. Mumias quoted that they have enough sugar for us as it gives 60% market holding. This means money. Enter any mall and if there is no Mumias, you fold your face. They went to maintenance to give machines a break and protect their machinery from the mud on the farms as rains pounded as well as let the sugarcane mature for next season. How then is all that good news linked to the bad perfomance at stock exchange? Lets be civil here! If you aren't civil you are corrupt and a cartel that thrive on sugar from kismayu Let me first declare I am a sugar wholesaler.Your post has many things out of place.Sugarcane is not a seasonal crop but matures daily and can be harvested daily throughout the year.The factory has been closing for annual maintenance since inception but this time it is staring at a cane shortage.The cogeneration plant at times operates below capacity and in such times the company pays a penalty to KPLC and anyway it was built on loan from Proparco and the loan is still being repaid,Mumias does not have a fixed selling price of sugar and some traders get the sugar cheaply and on 90 day credit terms,Wait for Comesa safeguards to expire next year and if you are keen,you may have noticed crystal white sugar in the shops of late,well it is a matter of time.
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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mawinder wrote:Realtreaty wrote:Sugar like bread is very important to our economy. Mumias introduced good packaging and others followed. Mumias quoted that they have enough sugar for us as it gives 60% market holding. This means money. Enter any mall and if there is no Mumias, you fold your face. They went to maintenance to give machines a break and protect their machinery from the mud on the farms as rains pounded as well as let the sugarcane mature for next season. How then is all that good news linked to the bad perfomance at stock exchange? Lets be civil here! If you aren't civil you are corrupt and a cartel that thrive on sugar from kismayu Let me first declare I am a sugar wholesaler.Your post has many things out of place.Sugarcane is not a seasonal crop but matures daily and can be harvested daily throughout the year.The factory has been closing for annual maintenance since inception but this time it is staring at a cane shortage.The cogeneration plant at times operates below capacity and in such times the company pays a penalty to KPLC and anyway it was built on loan from Proparco and the loan is still being repaid,Mumias does not have a fixed selling price of sugar and some traders get the sugar cheaply and on 90 day credit terms,Wait for Comesa safeguards to expire next year and if you are keen,you may have noticed crystal white sugar in the shops of late,well it is a matter of time. The comesa safeguards have been expiring for a long time
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Rank: Chief Joined: 1/3/2007 Posts: 18,230 Location: Nairobi
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Realtreaty wrote:Sugar like bread is very important to our economy. Not really. If we had no more sugar, we could import it but even better, consume less of it. The same for bread. On an unrelated tangent [yet relevant] we need to cut down on the consumption of sugar & bread. Every 2nd woman in Nairobi is a momo or aspiring to be one. Every 2nd chap [including myself] has a pot belly or getting there. http://www.youtube.com/watch?v=-O2zvE2vxf8Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Realtreaty wrote: Mumias quoted that they have enough sugar for us as it gives 60% market holding. This means money. Enter any mall and if there is no Mumias, you fold your face. They went to maintenance to give machines a break and protect their machinery from the mud on the farms as rains pounded as well as let the sugarcane mature for next season. How then is all that good news linked to the bad perfomance at stock exchange? Lets be civil here! If you aren't civil you are corrupt and a cartel that thrive on sugar from kismayu Yours is a general comment that lacks facts and therefore i won't spend time explaining but here are a few figures for you to go through and then YOU CAN GO AHEAD AND SHOW US TH MONEY!....That is all that matters Last year,MSC made 172,000 metric tonnes of sugar,this year,they will crush about 1.8M tonnes of cane and get about 148,000 tonnes of sugar,next year,the projected cane available for crushing is in the region of 1.5M tonnes at assumable yields of 60T of cane per acre Oh!!...Here i shake my head...From where will they get this yield if the current average is 49 tons of cane per acre?).......There is no need of thinking too hard! Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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@Realtreaty, wazuans don't argue with the sugar guru (@Njung'e). He is most likely an insider (he's from mlimani but always writes from Ingo), just accept and move on. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Njung'e wrote:Realtreaty wrote: Mumias quoted that they have enough sugar for us as it gives 60% market holding. This means money. Enter any mall and if there is no Mumias, you fold your face. They went to maintenance to give machines a break and protect their machinery from the mud on the farms as rains pounded as well as let the sugarcane mature for next season. How then is all that good news linked to the bad perfomance at stock exchange? Lets be civil here! If you aren't civil you are corrupt and a cartel that thrive on sugar from kismayu Yours is a general comment that lacks facts and therefore i won't spend time explaining but here are a few figures for you to go through and then YOU CAN GO AHEAD AND SHOW US TH MONEY!....That is all that matters Last year,MSC made 172,000 metric tonnes of sugar,this year,they will crush about 1.8M tonnes of cane and get about 148,000 tonnes of sugar,next year,the projected cane available for crushing is in the region of 1.5M tonnes at assumable yields of 60T of cane per acre Oh!!...Here i shake my head...From where will they get this yield if the current average is 49 tons of cane per acre?).......There is no need of thinking too hard! Guka,some of these people have never been to Mumias and do not even know the cartels in Mumias.I think the yields should be less than 49 tons per acre,may be per hectare.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Mawinder, 49T per hectare....interestingly,MSC's next door neighbours (Nzoia) are able to achieve yields of upto 120K tonnes per hectare from their nucleus  ....Thank you for the "collection" @Dunkang,  Wrong!I am a long distance truck driver!... . Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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Njung'e wrote:@Mawinder, 49T per hectare....interestingly,MSC's next door neighbours (Nzoia) are able to achieve yields of upto 120K tonnes per hectare from their nucleus ....Thank you for the "collection" @Dunkang, Wrong!I am a long distance truck driver!... . Am a truck driver too Foresight..
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Rank: Elder Joined: 8/16/2011 Posts: 2,358
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@dunkang, i need a solution and how we can make it with Mumias, you do not need to be someone elses' sychophant.Its good to know what is happening in sugar industry. Remember Sugar will become a tradable commodity soon earliest August 2013. Will this raise Mumias more. They are also in water business, electricity and fuel and Mollasses. What the way forward?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Realtreaty wrote:@dunkang, i need a solution and how we can make it with Mumias, you do not need to be someone elses' sychophant.Its good to know what is happening in sugar industry. Remember Sugar will become a tradable commodity soon earliest August 2013. Will this raise Mumias more. They are also in water business, electricity and fuel and Mollasses. What the way forward? Boss...Sugar has always been a tradable comodity since time memorial call your broker tomorrow and pick this monkey. Enjoy the ride "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Realtreaty, Water,molasses,Cogeneration,ethanol and sugar i know.......Fuel???.....This is strange!!....BTW,have the 3 streams (Ethanol,water and power) been able to break even since inception?My crushed tin ball says NO! Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,622
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Njung'e wrote:@Realtreaty,
Water,molasses,Cogeneration,ethanol and sugar i know.......Fuel???.....This is strange!!....BTW,have the 3 streams (Ethanol,water and power) been able to break even since inception?My crushed tin ball says NO! @Njung'e...the lack of cane..is it part of the reason some Spectre owned molasses plant is almost closing down?.It seems local sugar is not so sweet after all.
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Rank: Elder Joined: 8/16/2011 Posts: 2,358
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If mumias start rising as from June will it be signs of good times ahead of September? How far can it move up before September? I have seen companies who are doing well at half year report bad loses at final year while those with bad mid year peform at par than expected and even issue dividends or result in capitl gains
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Rank: Elder Joined: 8/16/2011 Posts: 2,358
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I refuse your theory. Mumias said that harvesting immature cane in western by farmers and lead to almost 17% loss. Mature cane extractions give more suitable sugar. With the many companies coming up there has been cases of poaching thereby harvesting immature cane and selling to rival companies. Mumias was standing against this poaching as a bad deal that it will not play to.
On the other hand Sugar might soon be traded as a commodity rather than a stock. how will this get wanjiku on the better path?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Are you seeking advise ama whats happening here, go to the archives theres's a Mumias thread, read it and make a decision. Best still, pick some and enjoy the ride "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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What happened to an earlier proposed rights on mumias?if the price goes up the rights issue will surface. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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MSC 1yr cartoon. The decision is yours.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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@hisah on that note, I've been struggling last few days to get any quote on Bloomberg, keep getting this error... http://www.bloomberg.com/quote/MSUG:KNAny heads up?
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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Realtreaty wrote:I refuse your theory. Mumias said that harvesting immature cane in western by farmers and lead to almost 17% loss. Mature cane extractions give more suitable sugar. With the many companies coming up there has been cases of poaching thereby harvesting immature cane and selling to rival companies. Mumias was standing against this poaching as a bad deal that it will not play to.
On the other hand Sugar might soon be traded as a commodity rather than a stock. how will this get wanjiku on the better path? Since you clearly do not want to learn and cannot be bothered to go through other mumias threads on wazua, why don't you put your money where your mouth is? Buy mumias and keep us posted on how it's doing.
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