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Mumias Sugar shutdown due to canecutters strike
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Siringi
#1 Posted : Wednesday, October 16, 2013 2:22:37 PM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
Sad Sad Sad





"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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murchr
#2 Posted : Wednesday, October 16, 2013 2:24:48 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980

Lessons have to be learnt. Why should Kidero be blamed? Does he import sugar
"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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  | | Edit by moderator: Wednesday, October 16, 2013 4:46 PM | Reason: quote removed
Siringi
#3 Posted : Wednesday, October 16, 2013 2:28:50 PM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
murchr wrote:

Lessons have to be learnt. Why should Kidero be blamed? Does he import sugar




Much as some people may not like it Mumias sugar's problems date back to Kidero's time at the firm (that was when sukari iliingia sumu)thank God NMG kicked him in the g*nads
"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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mv_ufanisi
#4 Posted : Wednesday, October 16, 2013 2:42:49 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Lets see what happens to the stock tomorrow. Goes low enough it will be valuable for net assets - i.e. the value of selling all the equipment and land it owns. I still remember those days when this stock was selling at 60. Buy and Hold strategy would have been a killer here.
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Mukiri
#5 Posted : Wednesday, October 16, 2013 3:15:10 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Siringi wrote:
murchr wrote:

Lessons have to be learnt. Why should Kidero be blamed? Does he import sugar


Much as some people may not like it Mumias sugar's problems date back to Kidero's time at the firm (that was when sukari iliingia sumu)thank God NMG kicked him in the g*nads

Think So this fisherman is to blame? Another DJ CK

Proverbs 19:21
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  | | Edit by moderator: Wednesday, October 16, 2013 4:47 PM | Reason: quote shortened
VituVingiSana
#6 Posted : Wednesday, October 16, 2013 4:10:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Hold on... Stop reacting to half-baked news. I believe Mumias' cane cutters are going on strike hence no cane cut = no cane to crush = Mumias factory (not company) shutdown for now.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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poundfoolish
#7 Posted : Wednesday, October 16, 2013 4:17:16 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
VituVingiSana wrote:
Hold on... Stop reacting to half-baked news. I believe Mumias' cane cutters are going on strike hence no cane cut = no cane to crush = Mumias factory (not company) shutdown for now.


@VVS...I was just about to post on the same.. Seems like Biko just doesn't like the Governor or he read half the news.

Cane cutters are actually complaining about things that would help MSC as a company.
zoning of the sugar belt.
the cane cutters would be contracted by MSC, after doing their job, the farmer would sell the sugar to Butali. MSC would then refuse to pay for undelivered goods. hence this strike.

the company has stalk right now, next weeks factory maintenance has now been schedule for this week. and this strike is ending now. if not tomorrow.
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mawinder
#8 Posted : Wednesday, October 16, 2013 4:33:14 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
poundfoolish wrote:
VituVingiSana wrote:
Hold on... Stop reacting to half-baked news. I believe Mumias' cane cutters are going on strike hence no cane cut = no cane to crush = Mumias factory (not company) shutdown for now.


@VVS...I was just about to post on the same.. Seems like Biko just doesn't like the Governor or he read half the news.

Cane cutters are actually complaining about things that would help MSC as a company.
zoning of the sugar belt.
the cane cutters would be contracted by MSC, after doing their job, the farmer would sell the sugar to Butali. MSC would then refuse to pay for undelivered goods. hence this strike.

the company has stalk right now, next weeks factory maintenance has now been schedule for this week. and this strike is ending now. if not tomorrow.

The cane cutters strike is funded by one Nashon who was sacked as a head of department and is eyeing the ceos post.
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Njung'e
#9 Posted : Wednesday, October 16, 2013 4:44:31 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
.
Nothing great was ever achieved without enthusiasm.
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  | | Edit by user: Wednesday, October 16, 2013 4:50 PM | Reason: Not specified
Njung'e
#10 Posted : Wednesday, October 16, 2013 4:48:08 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Someone milked a couple of billions from this one and left it to bleed to death.If the government doesn't rush in now,we are starring at a total collapse.The CEO is a clueless fellow and the entire board is no better.Hapa ni maombi!!

@Mawinder,
There is no truth in what you have posted.
Nothing great was ever achieved without enthusiasm.
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  | | Edit by user: Wednesday, October 16, 2013 4:51 PM | Reason: Not specified
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