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Mumias Sugar huge demand
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hisah
#551 Posted : Tuesday, April 01, 2014 6:07:30 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
georgegop wrote:
The info is still scanty but...


Actually the sugar board should be dismantled then will the industry recover and hum nicely. This sugar madness is like the KWS poaching blame game. A better outcome would be to handcuff all these corrupt bastards that mess the economy anywhere.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mawinder
#552 Posted : Tuesday, April 01, 2014 6:49:48 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
georgegop wrote:
The info is still scanty but...


Kebati the MD is out,Director Otolo to act as MD,Paul Murgor the Commercial Manager is out,Pamela Lutta to act in her position.
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georgegop
#553 Posted : Tuesday, April 01, 2014 8:33:11 AM
Rank: Member

Joined: 8/30/2010
Posts: 183
Location: Migingo
So will the new management perform better..only time will tell.
Don't Work for Money, Let Money Work for You..
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InnovateGuy
#554 Posted : Tuesday, April 01, 2014 9:21:55 AM
Rank: Veteran

Joined: 11/15/2012
Posts: 1,110
Is it true that Mumias was selling sugar from south Sudan? That's being your own enemy.
Live Full Die Empty - Les Brown.
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jerry
#555 Posted : Tuesday, April 01, 2014 9:28:56 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
InnovateGuy wrote:
Is it true that Mumias was selling sugar from south Sudan? That's being your own enemy.

I think they are licenced to import sugar!
The opposite of courage is not cowardice, it's conformity.
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dunkang
#556 Posted : Tuesday, April 01, 2014 9:32:37 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
InnovateGuy wrote:
Is it true that Mumias was selling sugar from south Sudan? That's being your own enemy.

Is there sugar from South Sudan really???

A parliamentary committee report indicated that Mumias was exceeding its allocated importation quota. But for me, that was the only way if all the other millers had grabbed/encroached on your sugarcane source. Mumias Sugar Co. exist to make money for the investors, and not to please the suppliers who are not loyal (Vigeugeu farmers).

(I know its harsh, but, just a thought)
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#557 Posted : Tuesday, April 01, 2014 6:35:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,363
Location: Nairobi
dunkang wrote:
InnovateGuy wrote:
Is it true that Mumias was selling sugar from south Sudan? That's being your own enemy.

Is there sugar from South Sudan really???

A parliamentary committee report indicated that Mumias was exceeding its allocated importation quota. But for me, that was the only way if all the other millers had grabbed/encroached on your sugarcane source. Mumias Sugar Co. exist to make money for the investors, and not to please the suppliers who are not loyal (Vigeugeu farmers).

(I know its harsh, but, just a thought)
These farmers will borrow from Mumias to plant, use Mumias extension services and then sell the mature cane to brokers leaving Mumias high & dry!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#558 Posted : Tuesday, April 08, 2014 2:34:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
VWAP closes @4.00 and sits above first resistance target of 3.85 (the SMA50 level). 38.2% fibo extension from 3/- lies @4.15. Now consolidation then the next journey towards SMA100 @4.80.

But that 1yr extension doesn't give legs for a proper bull recovery. One yr is too short to fix the mess in this industry to guarantee constant cashflow and profits.

61.8 fibo retracement from 4/- bounce high. A lot of news has flashed by and created weakness. If this level doesn't hold, then it's back to 2.80.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#559 Posted : Tuesday, April 08, 2014 4:09:28 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
hisah wrote:
VWAP closes @4.00 and sits above first resistance target of 3.85 (the SMA50 level). 38.2% fibo extension from 3/- lies @4.15. Now consolidation then the next journey towards SMA100 @4.80.

But that 1yr extension doesn't give legs for a proper bull recovery. One yr is too short to fix the mess in this industry to guarantee constant cashflow and profits.

61.8 fibo retracement from 4/- bounce high. A lot of news has flashed by and created weakness. If this level doesn't hold, then it's back to 2.80.


thats where im putting my bid, it doesnt stay there long. i hope ppl heard what sugar guru said
The investor's chief problem - and even his worst enemy - is likely to be himself
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jawgey
#560 Posted : Monday, April 14, 2014 11:45:15 AM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
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