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SLUGGISH MUMIAS?
Rank: Member Joined: 4/15/2008 Posts: 218
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Njung'e wrote:Production for next financial year will drop to less than half the capacity due to lack of cane.I see this one trading lower than Paka this time next year. While i do respect @Njung'e, I dont think prices can go below paka. Firstly, last year parliament approved the privatization of five sugar companies, and a Ksh. 40billion debt write off. I believe this should encourage farmers to plant more as they should expect to be paid, hence more yield in the coming days. The war in Somalia has also helped curb illegal sugar being imported into the country. Now only licensed dealers will be able to import in a regulated manner by KSB. There is also talk of fast maturing canes. And ofcourse the "COMESA safeguards" which FOR NOW are going upto March 2014. I think it would be wise for a farmer to invest in sugar cane right now and given the infrastructure improvement in Western Kenya even cane delivery to the factories will be swift and less costly. As for me, I would bet big in Mumias. All we need is good management, which is currently lacking Do it today! Tomorrow is promise to no-one.
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Keep off companies which have dwindling income and need cash to finance alternative income avenues,it takes too long to reap the benefits. "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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Seems like KE stuff has been moved to the professional section. Subscription... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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mufasa wrote:Njung'e wrote:Production for next financial year will drop to less than half the capacity due to lack of cane.I see this one trading lower than Paka this time next year. While i do respect @Njung'e, I dont think prices can go below paka. Firstly, last year parliament approved the privatization of five sugar companies, and a Ksh. 40billion debt write off. I believe this should encourage farmers to plant more as they should expect to be paid, hence more yield in the coming days. The war in Somalia has also helped curb illegal sugar being imported into the country. Now only licensed dealers will be able to import in a regulated manner by KSB. There is also talk of fast maturing canes. And ofcourse the "COMESA safeguards" which FOR NOW are going upto March 2014. I think it would be wise for a farmer to invest in sugar cane right now and given the infrastructure improvement in Western Kenya even cane delivery to the factories will be swift and less costly. As for me, I would bet big in Mumias. All we need is good management, which is currently lacking Wouldnt the increase in more cane crashers increase competition and hence the price of cane? I bet the other problem faced by mumias is the segmented lands owned by families hence, they can't mechanise, no mass production hence advantage of economies of scale.... There is Kwale Sugar coming up in Coast Region too. Part of shareholders are the Mauritius sugar which is known for its efficiency in production, advanced technology etc... comesa safeguards are expiring(sooner or later) - as it is, if you import sugar from Malawi, it will still compete with Mumias including all the transport costs and other related shipment costs..... how will Mumias stay afloat given the competition it is staring at?
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Rank: Chief Joined: 1/3/2007 Posts: 18,231 Location: Nairobi
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If @Njunge says stay out of Mumias... I am staying out of mumias Greedy 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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@VVS, Do not follow me blindly  .......But honestly,i'll only consider coming back if and when they acquire Nzoia.That is the only saviour.....The "online management" and a hopeless board aren't helping matters either @Mufasa, Never say never......It ain't looking good and at 4.45 while Paka is at 2.70....well.Let's compare notes this time round next year. Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mufasa wrote:Njung'e wrote:Production for next financial year will drop to less than half the capacity due to lack of cane.I see this one trading lower than Paka this time next year. While i do respect @Njung'e, I dont think prices can go below paka. Firstly, last year parliament approved the privatization of five sugar companies, and a Ksh. 40billion debt write off. I believe this should encourage farmers to plant more as they should expect to be paid, hence more yield in the coming days. "Meanwhile, MPs threw out a Motion seeking the write off liabilities of the Nyayo Tea Zones as well as those of sugar and cotton factories. Five State-owned sugar factories owe the government Sh40 billion." http://www.businessdaily.../-/icox5fz/-/index.html
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Njung'e wrote:@VVS, Do not follow me blindly .......But honestly,i'll only consider coming back if and when they acquire Nzoia.That is the only saviour.....The "online management" and a hopeless board aren't helping matters either @Mufasa, Never say never......It ain't looking good and at 4.45 while Paka is at 2.70....well.Let's compare notes this time round next year. I think it will be difficult for Mumias to acquire Nzoia due to historical injustices by Mumia and his people to the Bukusus and anyway the privatisation of Nzoia may be competitive and any other miller may buy Nzoia.
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Rank: Chief Joined: 1/3/2007 Posts: 18,231 Location: Nairobi
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mawinder wrote:Njung'e wrote:@VVS, Do not follow me blindly .......But honestly,i'll only consider coming back if and when they acquire Nzoia.That is the only saviour.....The "online management" and a hopeless board aren't helping matters either @Mufasa, Never say never......It ain't looking good and at 4.45 while Paka is at 2.70....well.Let's compare notes this time round next year. I think it will be difficult for Mumias to acquire Nzoia due to historical injustices by Mumia and his people to the Bukusus and anyway the privatisation of Nzoia may be competitive and any other miller may buy Nzoia. Mumias [the sugar company] has little to do with Mumia the colonial stooge. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,358
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Would mumias partner with Dalamere creameries in Milk processing s it wanted to enter into this industry? Is there any possibility and what could be the outcome. Milk + Sugar = sweetmilk!
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Rank: Elder Joined: 8/16/2011 Posts: 2,358
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“The outlook for the second half of the year is stronger, and we expect improved profitability,” Mumias said in an earlier statement. “The changes in senior management team as part of reorganisation and business process engineering,” the company’s managing director Peter Kebati said in a statement on Thursday. “This is also aimed at focusing on structure realignment to improve on farmer service delivery and productivity at both the farmer and factory level.” 
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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he's the ceo what else would he say. "this thing is going down And no one can do anything to prevent it from being the next paka" dudes probably looking for his next job. take ceo comments with caution @realtreaty The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 8/16/2011 Posts: 2,358
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Sluggish mumias get medication and an injection of 139 Milligrams of enegizer to keep it moving. The Sugar board is still in love with Mumias and even as Comesa sugar guards are removed Mumias will play as the main importer and benefactor. 20 days to go for the FY 2013.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The journey has started... The 'get out of jail' card at 5/- came and went. Hope those trapped took it to free themselves...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@sparkly - here we go with that H&S triggered - discussion here - http://www.wazua.co.ke/f...amp;m=403224#post403224
sparkly wrote:hisah wrote:I hope those trapped were able to get out of jail when it bounced to 5/- levels. If not, sit tight. Just like KK the low at 4 will be tested... Serious resistance at 5 Sh. Looks like it will be forming a head and shoulders. Chart scope still remains a retest of the GFC low at 3.40 or lower... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:The journey has started... The 'get out of jail' card at 5/- came and went. Hope those trapped took it to free themselves... The roller coaster is on its way down. "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: 7/11/2012 Posts: 5,222
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My kids will never say I didn't leave them anything 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:@sparkly - here we go with that H&S triggered - discussion here - http://www.wazua.co.ke/f...amp;m=403224#post403224
sparkly wrote:hisah wrote:I hope those trapped were able to get out of jail when it bounced to 5/- levels. If not, sit tight. Just like KK the low at 4 will be tested... Serious resistance at 5 Sh. Looks like it will be forming a head and shoulders. Chart scope still remains a retest of the GFC low at 3.40 or lower... Stated back in June. GFC lows now the new normal. I wonder how tightly sat the passengers are in this bus...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:hisah wrote:@sparkly - here we go with that H&S triggered - discussion here - http://www.wazua.co.ke/f...amp;m=403224#post403224
sparkly wrote:hisah wrote:I hope those trapped were able to get out of jail when it bounced to 5/- levels. If not, sit tight. Just like KK the low at 4 will be tested... Serious resistance at 5 Sh. Looks like it will be forming a head and shoulders. Chart scope still remains a retest of the GFC low at 3.40 or lower... Stated back in June. GFC lows now the new normal. I wonder how tightly sat the passengers are in this bus... @Hisah this one must be causing serious ulcers. Expecting lower highs till its bursts the 3.40 GFC support (the support does not look very convincing), donge. Life is short. Live passionately.
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