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MSC Board is a Big Joke.
wannaberich
#21 Posted : Tuesday, June 10, 2014 9:57:27 AM
Rank: Member


Joined: 4/24/2014
Posts: 159
Location: Nairobi
stock.enigma wrote:
streetwise wrote:
when do they announce their results , thought is about now. This will tell us if there is hope


End year is 30th June. Results around end of Oct. @Njunge is still quite. Its now at 2.9 and heading south.


And the way i have many shares of Mumias.Sad Sad
Money comes and goes. When you have it enjoy it.
HaMaina
#22 Posted : Tuesday, June 10, 2014 12:01:04 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 911
Yesterdays news seems do have improved the activity on this stock, lets wait and see what effect it will have on the price.

Pray smile Pray smile Pray smile Pray smile Pray smile
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
mawinder
#23 Posted : Tuesday, June 10, 2014 12:38:08 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
HaMaina wrote:
Yesterdays news seems do have improved the activity on this stock, lets wait and see what effect it will have on the price.

Pray smile Pray smile Pray smile Pray smile Pray smile

I hear the former executives have to pay Kshs2b or be jailed!!!!!
jawgey
#24 Posted : Tuesday, June 10, 2014 12:54:30 PM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
mawinder wrote:
HaMaina wrote:
Yesterdays news seems do have improved the activity on this stock, lets wait and see what effect it will have on the price.

Pray smile Pray smile Pray smile Pray smile Pray smile

I hear the former executives have to pay Kshs2b or be jailed!!!!!


Yes let them face the music.. Though if the governors' impeachment and other election cases is anything to go by, they might as well be reinstated! d'oh!
Seeing is believing
HaMaina
#25 Posted : Tuesday, June 10, 2014 1:27:41 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 911
Charging them would be a step in the right direction but knowing Kenya, its just for show and a gateway for more looting, that's if there is actually a case to charge them with in the first place.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#26 Posted : Wednesday, June 11, 2014 8:12:52 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 911
jawgey wrote:
mawinder wrote:
HaMaina wrote:
Yesterdays news seems do have improved the activity on this stock, lets wait and see what effect it will have on the price.

Pray smile Pray smile Pray smile Pray smile Pray smile

I hear the former executives have to pay Kshs2b or be jailed!!!!!


Yes let them face the music.. Though if the governors' impeachment and other election cases is anything to go by, they might as well be reinstated! d'oh!


This is an interesting article to read, I just hope its true.
http://www.bloomberg.com...o-reportedly-fired.html
smile smile smile smile smile smile smile smile

“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
selah
#27 Posted : Wednesday, June 11, 2014 12:37:50 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
My take on the latest development is that Kebati & Murgor are just being used as scapegoats. I think the transformation Kebati instituted after taking over rubbed certain quarters the wrong way.

Kebati sacked corrupt managers and streamlined operations at the mill..He was actually hailed by the farmers the loses registered IMHO was expected given the huge CAPEX used in setting up the bottling and Ethanol Plants.

The issue of importation was blown out of proportion.What we are forgetting MSC was facing debilitating cane shortage due to poaching and given the competition the company was facing from imported sugar I would argue given its market share MSC made commercial decision by supplementing with Imported cheap sugar than just wait until cane production was increased.

This forensic Audit is just a coverup by the board to save their own ass.


'......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
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