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Mumias Sugar huge demand
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mwekez@ji wrote:VituVingiSana wrote:mwekez@ji wrote:VituVingiSana wrote: At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational. Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;) The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go. Those discussions are targeted to be done by June. Thats a time but money will be made. We shall sell the news then, while some will be rushing to buy ;) Thats well and good...whats the future of this company a few years from now. possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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maka wrote:mwekez@ji wrote:VituVingiSana wrote:mwekez@ji wrote:VituVingiSana wrote: At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational. Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;) The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go. Those discussions are targeted to be done by June. Thats a time but money will be made. We shall sell the news then, while some will be rushing to buy ;) Thats well and good...whats the future of this company a few years from now. The future is bright. Refer to ongoing reforms in the sugar industry, mumias buying a couple of the small firms and also expanding to Tana/Athi River ... Omnicane entry into Kenyan market says it all on the future of industry
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:Aguytrying wrote:Cde Monomotapa wrote:Cde Monomotapa wrote:Leo akina papa wamejulikana!  *waves white flag* Let us build some castles in the sky this Furahiday. One time Safcom was similarly out of favor, dancing around similar levels to lower. Fastforward...Smh! Amen!  this is the weird thing with shares. mumias at its optimum potential deserves to trade at 13.00 more than safaricom. and at a fair pe. Dude, you can say that again...Some more tealeaves are that points of inflection can be reached, as in the case of Safcom, and now probably MSC, after the change of guard at the top. CEOs whose mandate is very clear; Shake up & growth initiatives combo. Let's see. Oh yes, we should also look out for the same from Kenol Kobil!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,365 Location: Nairobi
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Omnicane is starting from Ground Zero. A new factory, hybrid sugarcane, a large nucleus estate and little political baggage. If it were listed as a 'start-up' or even as a GEMS listing, I would be interested. As for Mumias... old(er) equipment, old breeds of cane and reliance on smallholders with political clout. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:Omnicane is starting from Ground Zero. A new factory, hybrid sugarcane, a large nucleus estate and little political baggage. If it were listed as a 'start-up' or even as a GEMS listing, I would be interested. As for Mumias... old(er) equipment, old breeds of cane and reliance on smallholders with political clout. OK. What percentage of the national deficit will they satisfy? [200K T]. In between time is what we're looking at with MSC.
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Rank: Chief Joined: 1/3/2007 Posts: 18,365 Location: Nairobi
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Cde Monomotapa wrote:VituVingiSana wrote:Omnicane is starting from Ground Zero. A new factory, hybrid sugarcane, a large nucleus estate and little political baggage. If it were listed as a 'start-up' or even as a GEMS listing, I would be interested. As for Mumias... old(er) equipment, old breeds of cane and reliance on smallholders with political clout. OK. What percentage of the national deficit will they satisfy? [200K T]. In between time is what we're looking at with MSC. Without COMESA safeguards, can Mumias survive? Firms like Butali & West Kenya are more efficient than Mumias. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:Cde Monomotapa wrote:VituVingiSana wrote:Omnicane is starting from Ground Zero. A new factory, hybrid sugarcane, a large nucleus estate and little political baggage. If it were listed as a 'start-up' or even as a GEMS listing, I would be interested. As for Mumias... old(er) equipment, old breeds of cane and reliance on smallholders with political clout. OK. What percentage of the national deficit will they satisfy? [200K T]. In between time is what we're looking at with MSC. Without COMESA safeguards, can Mumias survive? Firms like Butali & West Kenya are more efficient than Mumias. Well, the proceedings here (on playing MSC) have been very clear. Barrier 1. Cane supply - done. 2. COMESA extension 3. Improving competitiveness. In that order.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Imports have forced prices to drop from kshs 104 to 68 per kg.Show me the money. Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Aaand action! Mumias eyes cost-cutting to reverse Sh1.6bn loss Mumias recently reduced the price at which it is buying cane from Sh3,825 per tonne to Sh3,385. Its rivals have also reduced their prices by between 11.5 per cent and 27 per cent in what is seen as signal of increased cane supply. http://www.businessdaily...92/-/sepps/-/index.html
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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Njung'e wrote:Imports have forced prices to drop from kshs 104 to 68 per kg.Show me the money. Wah!!!! I could not believe my eyes when i saw a kg of sugar at 85/- in a local store last week. Now you mean it has shuka'd to 68/-? And is this the local or imported one? Receive with simplicity everything that happens to you.” ― Rashi
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