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Mumias Sugar huge demand
Rank: Veteran Joined: 4/23/2014 Posts: 909
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I thought the Government already offset the Sugar factory's debts 2 years ago that's not what's being reported in today's Nation. “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
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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HaMaina wrote:I thought the Government already offset the Sugar factory's debts 2 years ago that's not what's being reported in today's Nation. @Ha you're the only "few" advocating for this thing!!!! Nway utakuliwa na ulcers for longer periods then upate pesa ya kujitibu from msc some yrs to come Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 10/11/2011 Posts: 25
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dunkang wrote:Asi, this sugar, this sugar, this sugar, this mumias sugar is heading to 8/-. This bus will not leave me, i am going to get some cum div. Niende? Mumias Sugar Company has closed shop indefinitely for lack of sugarcane after a boycott by transporters contracted to deliver. link
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Rank: Elder You have been a member since:: 2/7/2007 Posts: 11,935 Location: Nairobi
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hmmm wrote:dunkang wrote:Asi, this sugar, this sugar, this sugar, this mumias sugar is heading to 8/-. This bus will not leave me, i am going to get some cum div. Niende? Mumias Sugar Company has closed shop indefinitely for lack of sugarcane after a boycott by transporters contracted to deliver. link Not true at all. Nothing great was ever achieved without enthusiasm.
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Rank: Elder You have been a member since:: 2/7/2007 Posts: 11,935 Location: Nairobi
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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This is what Warren Buffet calls: Blood in the street
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Rank: New-farer Joined: 10/11/2011 Posts: 25
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The Board of Mumias Sugar Company (MSC) has suspended four directors as the company moves to forestall integrity in the management of the country’s largest miller. http://www.standardmedia...suspends-four-directors
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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it is very difficult to predict the future of stocks with significant government shareholding I find satisfaction in owning great business,not trading them
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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target1360 wrote:it is very difficult to predict the future of stocks with significant government shareholding @target sometimes we blame gvt or "others" when it's us who dint look around. it's true you cannot predict shares but surely MSC with all the info provided in fact I personally mentioned how the sugar industry of kenyan had problems(miwani chemilil muhoroni mills were shut down among others ) and challenges of recovering with increased illegal imports very high cost of production locally.....low cane production e.t.c sasa ulikua unatarajia pesa itoke wapi ???? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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If you had been trapped in long ago polee, if you entered this slaughter house recently a speculator na ulikua hapa wazua ulcers ndio zako ugua pole na Lucozade!!!! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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Boris Boyka wrote:target1360 wrote:it is very difficult to predict the future of stocks with significant government shareholding @target sometimes we blame gvt or "others" when it's us who dint look around. it's true you cannot predict shares but surely MSC with all the info provided in fact I personally mentioned how the sugar industry of kenyan had problems(miwani chemilil muhoroni mills were shut down among others ) and challenges of recovering with increased illegal imports very high cost of production locally.....low cane production e.t.c sasa ulikua unatarajia pesa itoke wapi ???? Look at what uchumi,portland,kq et all have been through.Am not aware of any well run 'government co' . except maybe kenya re It is reasonable to generally avoid companies with significant government share holding in whatever industry because most of the managers/board are political appointees with little or no interest of the shareholders at heart and as such cannot be trusted. I find satisfaction in owning great business,not trading them
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Rank: Member Joined: 1/3/2014 Posts: 257
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target1360 wrote:Boris Boyka wrote:target1360 wrote:it is very difficult to predict the future of stocks with significant government shareholding @target sometimes we blame gvt or "others" when it's us who dint look around. it's true you cannot predict shares but surely MSC with all the info provided in fact I personally mentioned how the sugar industry of kenyan had problems(miwani chemilil muhoroni mills were shut down among others ) and challenges of recovering with increased illegal imports very high cost of production locally.....low cane production e.t.c sasa ulikua unatarajia pesa itoke wapi ???? Look at what uchumi,portland,kq et all have been through.Am not aware of any well run 'government co' . except maybe kenya re It is reasonable to generally avoid companies with significant government share holding in whatever industry because most of the managers/board are political appointees with little or no interest of the shareholders at heart and as such cannot be trusted. Target1360 well put. Shareholder value is rarely a major issue in firms with significant government shareholding. I was once in Mumias but thankfully got out in time. The rights issues on NBK and Kengen will also cause significant dilution for existing shareholders. If you invest in these stocks, make sure you have the appetite for the inherent risk.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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snipermnoma wrote:target1360 wrote:Boris Boyka wrote:target1360 wrote:it is very difficult to predict the future of stocks with significant government shareholding @target sometimes we blame gvt or "others" when it's us who dint look around. it's true you cannot predict shares but surely MSC with all the info provided in fact I personally mentioned how the sugar industry of kenyan had problems(miwani chemilil muhoroni mills were shut down among others ) and challenges of recovering with increased illegal imports very high cost of production locally.....low cane production e.t.c sasa ulikua unatarajia pesa itoke wapi ???? Look at what uchumi,portland,kq et all have been through.Am not aware of any well run 'government co' . except maybe kenya re It is reasonable to generally avoid companies with significant government share holding in whatever industry because most of the managers/board are political appointees with little or no interest of the shareholders at heart and as such cannot be trusted. Target1360 well put. Shareholder value is rarely a major issue in firms with significant government shareholding. I was once in Mumias but thankfully got out in time. The rights issues on NBK and Kengen will also cause significant dilution for existing shareholders. If you invest in these stocks, make sure you have the appetite for the inherent risk. you can get in after the dilution and get out during the good times coz you're almost always guaranteed they won't last. I got out of NBK with good returns n ill reenter after rights n kengen too. it's true the risk is high but if you get in when the stock is low, your exposure is significantly reduced. about the shareholders value, guys who run the gava firms don't even know what that is!
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Rank: New-farer Joined: 5/15/2014 Posts: 12 Location: Nairobi
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Mumias Sugar re-opened on Saturday and has since been crushing cane.
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Rank: Hello Joined: 10/9/2013 Posts: 3
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Well there's that, but what about the cheap sugar importation fiasco?
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Rank: Hello Joined: 6/23/2014 Posts: 1
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So kengen is a no go zone for now
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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meleck wrote:So kengen is a no go zone for now ???????!!!? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 2/15/2010 Posts: 126 Location: Kenya
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If this is how Mumias exploits the farmers then the company deserves to die a natural death, no more help from gova let them sink or swim.This thing only benefits management and other connected types.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I totally agree..Mumias has a lot of social impact where it operates and what is needed is management team of impeachable character and the rest will be history.
Imagine..a company that produces sugar, water and even electricity..I have even seen them adverting tender for building bridges...
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Mumias Sugar huge demand
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