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.

Mumias Sugar Company has closed shop indefinitely for lack of sugarcane after a boycott by transporters contracted to deliver.

link

Not true at all

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

@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.

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!

Well there's that, but what about the cheap sugar importation fiasco?

???????!!!?

I believe you are wrong on that opinion, you cant shut down a company which benefits hundreds of thousands of farmers directly either as land owners or workers and 10 or 20 times that number indirectly by being either family, business-owners, health workers, county officials etc on account of a handful of "company officials" who are easily replaced with a simple ad in the papers.That is now lawlessness and anarchy are created not to mention the great probability of the problem spreading to the rest of the country.