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Mumias Sugar huge demand
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mwanahisa
#261 Posted : Friday, August 16, 2013 3:12:37 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
dunkang wrote:
Now i see you understand the phrase, 'its senseless to give bad news in a hurry'.


@dunkang, I was waiting for thatLaughing out loudly Laughing out loudly . Yes indeed I do understand the phrase. The difference,In the case of MSC, we know for sure that the news will be really dire. In Britam's case, as I have already pointed out they have had an uplift of 4 billion shillings from their main listed equity (pardon the pun). Barring a catastrophic claims experience in H1, I can bet their results will be better than last year's. As for Mumias, we are all praying for its salvationPray Pray .
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mwekez@ji
#262 Posted : Friday, August 16, 2013 5:32:24 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
sib today wrote:
... Whereas long awaited reforms in the sugar sector could seem to be coming signaled by the recent cancellation of import licenses, false dawns in the sector have crept up regularly over the last 10 years.
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Modoh
#263 Posted : Friday, August 16, 2013 6:20:19 PM
Rank: Member

Joined: 12/9/2008
Posts: 43
dunkang wrote:
mwanahisa wrote:
dunkang wrote:
Ericsson wrote:
@mwekez@ji;
Mumias historically reports its full year results by August 31 unless maybe this year there will be a change

Wasn't the CFO ousted a week or two ago?


I am almost certain that this year, they will drag their feet on reporting. Note that, they have also traditionally reported their first half results on the last Friday of January, but I guess that we can say that this was in the Kidero era. This year H1 results were announced on 27th February, the very last day allowed by NSE regulations.

Now i see you understand the phrase, 'its senseless to give bad news in a hurry'.


Laughing out loudly
Msafara wa mamba burukenge hawakosi![/b]
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Mucene
#264 Posted : Saturday, August 17, 2013 2:00:39 PM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
THE government has suspended the issuance of sugar import licences and registration of any new sugar import companies.
The government has also lifted the existing ban on exports of sugar from Kenya.
The measures is aimed at reducing the sugar over-supply and stabilising market prices......

An in order to introduce sanity in the distribution of sugar in the country, all the eleven licensed white sugar millers were directed to submit the list of their distributors and other customers to the Ministry with immediate effect.
This will enable the government closely monitor the distribution, sale and pricing of sugar to avoid undue market distortions.
All licensed millers have also been ordered to suspend their dedicated distributorships and open up to a larger retailing distribution network.

http://the-star.co.ke/ne...e-sugar-import-licences

How is this going to affect Mumias?
If you don't want to go to plan B have a good plan A.
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murchr
#265 Posted : Tuesday, August 20, 2013 6:51:45 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Quote:
Three more sugar factories have been registered in Busia County in a move set to pile pressure on listed miller Mumias Sugar Company (MSC).


http://www.businessdaily...96/-/8xn70k/-/index.html
"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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hisah
#266 Posted : Tuesday, August 20, 2013 6:55:04 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
Quote:
Three more sugar factories have been registered in Busia County in a move set to pile pressure on listed miller Mumias Sugar Company (MSC).


http://www.businessdaily...6/-/8xn70k/-/index.html

Plus comesa safeguard expires in March 2014 i.e. T - 6 months.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mawinder
#267 Posted : Tuesday, August 20, 2013 9:09:18 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
hisah wrote:
murchr wrote:
Quote:
Three more sugar factories have been registered in Busia County in a move set to pile pressure on listed miller Mumias Sugar Company (MSC).


http://www.businessdaily...6/-/8xn70k/-/index.html

Plus comesa safeguard expires in March 2014 i.e. T - 6 months.

Let us look at the Comesa countries in detail with regards to sugar produced,sugar exported,destination of the exports and prices.Perhaps once the details are looked at then we can conclude it is a threat.I believe the biggest threat is inefficiency and theft.
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Ericsson
#268 Posted : Tuesday, August 20, 2013 11:41:18 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
A case of lost opportunity by Mumias Sugar.It should have started expanding it's reach and putting up factories in sugar rich areas like West Pokot and Tana River rather that been reliant on Mumias area.
It should have factories at several locations similar to New KCC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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dunkang
#269 Posted : Tuesday, August 20, 2013 11:52:13 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mawinder wrote:
hisah wrote:
murchr wrote:
Quote:
Three more sugar factories have been registered in Busia County in a move set to pile pressure on listed miller Mumias Sugar Company (MSC).


http://www.businessdaily...6/-/8xn70k/-/index.html

Plus comesa safeguard expires in March 2014 i.e. T - 6 months.

Let us look at the Comesa countries in detail with regards to sugar produced,sugar exported,destination of the exports and prices.Perhaps once the details are looked at then we can conclude it is a threat.I believe the biggest threat is inefficiency and theft.

SHHHHH!
Wewe nawe huwezi ficha siri! Let this thing fall! lets spread the fear bwana! Actually, look also at local retail prices, and you will be shocked at the propaganda! Most are like or worse than Kenya's!
Receive with simplicity everything that happens to you.” ― Rashi

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georgegop
#270 Posted : Tuesday, August 20, 2013 1:14:43 PM
Rank: Member

Joined: 8/30/2010
Posts: 183
Location: Migingo
In my opinion,the registration of more sugar millers at a time when comesa is looming is in itself an indication that sugar business is very lucrative. If Mumias puts its house in order then they can go places..
Don't Work for Money, Let Money Work for You..
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