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MSC Board is a Big Joke.
selah
#1 Posted : Friday, April 04, 2014 10:46:13 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I have been following the decision of the board for sometime and am perturbed by how unprofessional this board is.

During the Kidero reign they kept quite as he sunk the company with debts and Myopic strategies that made farmers view the company as a predator rather than a business partner.

Now they have sent home a CEO and a commercial director who have been instrumental in transforming the company and replaced them with a non executive director.

It is quite shocking that The farmers who had shown confidence with the New CEO and his restructured team have now to revert back to a board member who has been a non executive director....with no day to day running experience of the company.

A non-executive director taking charge of a company that is facing one of its worst periods in terms of competition is a big joke even if it was for One Month.






'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
mwekez@ji
#2 Posted : Friday, April 04, 2014 11:41:46 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Something is not right here. The board also seems to have been corrupted by the political forces

Reading: Six MPs back removal of Mumias Sugar boss http://www.the-star.co.ke/news/...emoval-mumias-sugar-boss
streetwise
#3 Posted : Friday, April 04, 2014 3:01:35 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If this is the same board which has been there all along and since the CEOs have changed many times its time for the board to goooooo!!!!
streetwise
#4 Posted : Friday, April 04, 2014 3:03:55 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If this is the same board which has been there all along and since the CEOs have changed many times its time for the board to goooooo!!!!
CASHFLOW202
#5 Posted : Friday, April 04, 2014 5:08:12 PM
Rank: New-farer

Joined: 4/6/2013
Posts: 95
A repeat of pan paper confusion is eminent.
Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
jawgey
#6 Posted : Friday, April 04, 2014 7:00:07 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Too much politricks going on here .. Sad
Seeing is believing
Njung'e
#7 Posted : Saturday, April 05, 2014 12:44:02 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Selah,
It can't be the same board as we all know they have a new chair and two more new board members....As of the former team,they weren't the angels you would want everybody to believe.Part of the mischief as to why they were suspended might be due suspicion in involvement in importation of sugar via UAE and branding the same using MSC look alike packaging material....to be honest,i actually foresee a quick turnaround with the new team.That,i am confident.Can we compare notes on the share price between June 1st and June 15th this year?
Nothing great was ever achieved without enthusiasm.
Realtreaty
#8 Posted : Monday, April 07, 2014 10:26:22 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Mumias is the least stock as of now.It has been beaten by Paka, olympia and express Kenya.
if it has over 50%market share then its stock price should be in the range of 40 Ksh!
jawgey
#9 Posted : Monday, April 07, 2014 11:22:41 AM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Realtreaty wrote:
Mumias is the least stock as of now.It has been beaten by Paka, olympia and express Kenya.
if it has over 50%market share then its stock price should be in the range of 40 Ksh!

That should show you how this counter has potential if only the management got some issues right..
Seeing is believing
streetwise
#10 Posted : Monday, April 07, 2014 11:51:25 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
40 bob..ajaa let me call my broker.
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