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Mumias Full Year 2012/13 colossal loss of 2.2B
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Was expected! 2.5 bob here we come. Thieves
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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and finally no dividend think its time to plan to take a hike from this counter
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Paka friend "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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I think the Sugar Baron on Wazua is Njunge [unless my memory is fading] and he had predicted that Mumias was a one-way street to oblivion. How right he was. I bailed out ages ago. Took a loss. No complaints. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/12/2009 Posts: 312
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VituVingiSana wrote:I think the Sugar Baron on Wazua is Njunge [unless my memory is fading] and he had predicted that Mumias was a one-way street to oblivion. How right he was. I bailed out ages ago. Took a loss. No complaints. Me too, I made a loss, moved out of Mumias and moved on to other shares. Can't thank Guka enough.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Bad news on a bearish market... SoS... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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So the market moved from bull to bear? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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 ...... and there was alot of rats at the factory and outgrowers farms which ate much of the sugar tht we could have sold to make you profit!!!! And Kidero run away with Mumias money for his compaign.. and you know we pay govt....bla, bla, blaahhhh!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Where are those who tried to disagree with Njunge? The chickens are coming home to roost. I expect a 1.50/- "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: New-farer Joined: 9/2/2013 Posts: 22
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I thank Njunge a million times. I was an unregistered wazuan but heeded to his advice and exited at 5.5 having bought at 5.8. I am a happy man
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Rank: Member Joined: 10/1/2009 Posts: 139
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What happened to the Tarda-Mumias Sugar project in Tana River Delta ? Was it a myth or am just dreaming?
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:I think the Sugar Baron on Wazua is Njunge [unless my memory is fading] and he had predicted that Mumias was a one-way street to oblivion. How right he was. I bailed out ages ago. Took a loss. No complaints. Njung'e [b wrote:November 12, 2012[/b]]@guru,
No harm in disagreeing as long as you do not carry a machete.....but i would be very much interested to know where the growth will come from because so far and other than hot air,reality on the ground says otherwise......a big otherwise!
@Hisah,
6.50 would be more than good.....I'll stick to 3.50. Njung'e wrote:@guru267 That is sooooo misleading and it's obvious you do not have your facts right.In 2011/2012,the shut-down started on 11th July and ended on 4th August.In 2012/2013,the shut-down started on 17th July and ended on 6th August......indeed,it is highly likely that there will be a second shut-down within this FY year set for April or May 2013 lasting 3 to 4 weeks.This will be the first time to have two shut-downs in one FY and you don't have to be a clairvoyant to know "B".....Consequently,there might not be a shut-down in FY 2013/2014 but that's for another day. Surely,when the "sugar-guru" speaks,guru267 should listen Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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murchr wrote:Where are those who tried to disagree with Njunge? The chickens are coming home to roost. I expect a 1.50/- Pesa Nane wrote:guru267 wrote:Njung'e wrote:Surely,when the "sugar-guru" speaks,guru267 should listen I will for now... Lets pray i don't steal that crown come half year results! Nice sugary settlement. @memorybank, databank hiyo. 1. Verdict is out there 2. And there goes my investment as well. 2nd and last vicious kick from Mumias pepper. 3. PESAlets will never say they got nothing from ..... Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Thanks to @PesaNane's memory & research! Njung'e [b wrote:November 12, 2012[/b]]@guru,
No harm in disagreeing as long as you do not carry a machete.....but i would be very much interested to know where the growth will come from because so far and other than hot air,reality on the ground says otherwise......a big otherwise!
@Hisah,
6.50 would be more than good.....I'll stick to 3.50. @Njunge nailed it. On the head. Kabisa. Twice. To make sure. Into the coffin. RIP, Mumias. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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@Pesa Nane I like this exchange more Realtreaty on Monday, May 20 wrote: Mumias is one month to go but the stock price has dwindled and trading in large volumes but price , pwooohh! What gonna we get this September when they tell us how sweet mumias was? I bet 35cents lowest and 50cents again highest! dunkang In reply to the above wrote:This time round, expect 0.00000 cents. WHY?
- The sugarcane wars
- Unproductive electioneering period
- Looting of company coffers for campaigns
- Half Year results were disasterious
- COMESA sugar effects in UG and TZ
- Last year's unfavourable weather
- Dairy subsidiary still on hold Njunge on Tue May 21 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. Mawinder Tue May 21 wrote:Farmers have uprooted the crop and the little that is poorly maintained and available is sold to West Kenya Sugar Company.The MD Kebati and other senior managers run it from Nairobi with weekly flights to Mumias for a tour and to allocate sugar and molasses quotas to distributors. Realtreaty on Tuesday, May 21, 2013 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 Njunge on Wednesday May 22 wrote: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 Realtreaty May 22 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? After some advises Realtreaty May 23 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? hisah on May 24 wrote:MSC 1yr cartoon. The decision is yours.  The rest is here http://m.wazua.co.ke/for...sts&t=24374&p=3  "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: Member Joined: 4/3/2008 Posts: 48
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It appears that @Njunge looks at the fundamentals and draws an informed opinion based on the term prospect of his homework. It also appears that some others arrive at opinions based by the warm and fuzzy feel that emanates from the seat of their pants.
The result is obvious - @Njunge appears to be a sage simply because he's done his homework. The moral of this Mumias story is that homework, no matter how distasteful and tedious, always yields favourable results... even if your view is very short-term. Speculation, on the other hand, eventually yields disaster.
But then again, we all knew that so I ought to just shut-it. Yes... how many of us practice that though?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rich Today wrote:Mumias Sugar rallied 2.74% to close at 3.75 and traded 334,000 shares. Mumias Sugar of course reported a FY 2013 Loss after Tax of 1.6697b. The Core Sugar Franchise was soft with Mumias producing 14.65% less Sugar tonnage than the Previous Year. However, The previously peripheral plays have begun to pop over the radar with Mumias reporting that Co-generation generated revenue of 305m and that the Company sold 4m litres of Ethanol and earned 331m versus 1.5m in 2012. I incline to the view that Mumias is entirely unlikely to trade below 3.50 and it will be higher by some distance by year End.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:Rich Today wrote:Mumias Sugar rallied 2.74% to close at 3.75 and traded 334,000 shares. Mumias Sugar of course reported a FY 2013 Loss after Tax of 1.6697b. The Core Sugar Franchise was soft with Mumias producing 14.65% less Sugar tonnage than the Previous Year. However, The previously peripheral plays have begun to pop over the radar with Mumias reporting that Co-generation generated revenue of 305m and that the Company sold 4m litres of Ethanol and earned 331m versus 1.5m in 2012. I incline to the view that Mumias is entirely unlikely to trade below 3.50 and it will be higher by some distance by year End. I totally disagree esp after that huge volume spike showed up and crashed the price to GFC lows. It'll bounce, but downside pressure will see it breakdown sub 3. Capitulation extremes have not yet popped up to force in solid support.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:mwekez@ji wrote:Rich Today wrote:Mumias Sugar rallied 2.74% to close at 3.75 and traded 334,000 shares. Mumias Sugar of course reported a FY 2013 Loss after Tax of 1.6697b. The Core Sugar Franchise was soft with Mumias producing 14.65% less Sugar tonnage than the Previous Year. However, The previously peripheral plays have begun to pop over the radar with Mumias reporting that Co-generation generated revenue of 305m and that the Company sold 4m litres of Ethanol and earned 331m versus 1.5m in 2012. I incline to the view that Mumias is entirely unlikely to trade below 3.50 and it will be higher by some distance by year End. I totally disagree esp after that huge volume spike showed up and crashed the price to GFC lows. It'll bounce, but downside pressure will see it breakdown sub 3. Capitulation extremes have not yet popped up to force in solid support. @hisah, think of it, @njunge seems to indicate the floor is 3.50 and he also indicates FY13/14 the company may not shut its plant. ... Greatest risk i see is if the COMESA safeguards are not extended to beyond March 2014
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Mumias Full Year 2012/13 colossal loss of 2.2B
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