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Mumias Sugar huge demand
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I believe the trick is to create farmers some interim cash flow from milk sales to allow time for cane to mature. Stabilizes the cane supply and farmers are a happier/motivated lot.
To me that's a wise move from management. Also, an opportunity to X-sell molasses and everybody is happy.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#Good.twist ---> Sugarcane farmers issue bitter ultimatum http://www.businessdailyafrica..../-/11avgn5z/-/index.html
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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Sugar itself is sweet, but the sugar issues are very bitter! Don't Work for Money, Let Money Work for You..
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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MPs raid Mumias sugar depotDon't Work for Money, Let Money Work for You..
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I thought only the police raid places !!!!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Mauritius Sugar Producer Terra Mauricia 2013 Profit FALLS 29%So, its not only Mumias suffering. Quote:(Reuters) - Terra Mauricia, a leading Mauritian sugar producer, on Wednesday posted a 29.3 percent fall in full-year pretax profit on poor performance by its sugar and electricity units.
Terra, which has diversified from a focus on sugar to interests in energy and alcohol production as well as property development and financial services, said profit fell to 520 million rupees ($17.30 million).
Earnings per share fell to 1.60 rupees from 2.20 rupees in 2012. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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C & P from CoFeK FB page:
"BITTER SWEET: Reports - Mumias Sugar Company Board fires the MD and top management over poor performance, most of which is historical."
Can someone confirm?
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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The info is still scanty but... Don't Work for Money, Let Money Work for You..
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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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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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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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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Rank: Veteran Joined: 11/15/2012 Posts: 1,110
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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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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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