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Mumias Sugar huge demand
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dunkang
#701 Posted : Wednesday, July 23, 2014 3:56:20 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Njung'e wrote:
penalties as contained in a skewed power purchase agreement. total f*uckup!!!.......bill is about 1b.

Very interesting.

So, we should be ready for the auction, i.e. Mumias can't survive all this debts and penalties. #UkweliUsemwe

For how long has Mumias been producing and selling power to KenGen?

Why would you sell power to KenGen, that re-sells to KPLC, then again you buy back from KPLC?

d'oh! Pray d'oh! Pray
Receive with simplicity everything that happens to you.” ― Rashi

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innovator
#702 Posted : Wednesday, July 23, 2014 4:15:49 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
dunkang wrote:
Njung'e wrote:
penalties as contained in a skewed power purchase agreement. total f*uckup!!!.......bill is about 1b.

Very interesting.

So, we should be ready for the auction, i.e. Mumias can't survive all this debts and penalties. #UkweliUsemwe

For how long has Mumias been producing and selling power to KenGen?

Why would you sell power to KenGen, that re-sells to KPLC, then again you buy back from KPLC?

d'oh! Pray d'oh! Pray

Things are that bad, i thought mumias was selling excess power to kplc.
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mawinder
#703 Posted : Wednesday, July 23, 2014 4:27:37 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
innovator wrote:
dunkang wrote:
Njung'e wrote:
penalties as contained in a skewed power purchase agreement. total f*uckup!!!.......bill is about 1b.

Very interesting.

So, we should be ready for the auction, i.e. Mumias can't survive all this debts and penalties. #UkweliUsemwe

For how long has Mumias been producing and selling power to KenGen?

Why would you sell power to KenGen, that re-sells to KPLC, then again you buy back from KPLC?

d'oh! Pray d'oh! Pray

Things are that bad, i thought mumias was selling excess power to kplc.

Kenya Power killed Panpaper, now it should appoint a receiver to take over Mumias!!!!
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Tall Order
#704 Posted : Wednesday, July 23, 2014 4:35:42 PM
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Joined: 5/9/2014
Posts: 130
Location: Nairobi
Almighty, just help the driver of this Mumias Bus to find the way to the Sugar plantations and not the water in Lake Victoria or else the sugar will dissolve.
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murchr
#705 Posted : Wednesday, July 23, 2014 4:47:02 PM
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Joined: 2/26/2012
Posts: 15,980
I wonder how the market will react to the news
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Othelo
#706 Posted : Wednesday, July 23, 2014 4:50:13 PM
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Joined: 1/20/2014
Posts: 3,528
Tall Order wrote:
Almighty, just help the driver of this Mumias Bus to find the way to the Sugar plantations and not the water in Lake Victoria or else the sugar will dissolve.

Hate speak!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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streetwise
#707 Posted : Wednesday, July 23, 2014 5:32:57 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door
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mlennyma
#708 Posted : Wednesday, July 23, 2014 5:53:02 PM
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Joined: 7/21/2010
Posts: 6,182
Location: nairobi
Being broke even in our lives starts when you can pay stima in your house.
"Don't let the fear of losing be greater than the excitement of winning."
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YoungMulla
#709 Posted : Wednesday, July 23, 2014 6:06:00 PM
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Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
This one needs popcorn and a couch
Before I die - i will touch the sky!!
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dunkang
#710 Posted : Wednesday, July 23, 2014 6:08:06 PM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
streetwise wrote:
And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door

Wacha Kuji-console. MSC is DEAD.
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#711 Posted : Wednesday, July 23, 2014 6:24:24 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
dunkang wrote:
streetwise wrote:
And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door

Wacha Kuji-console. MSC is DEAD.


Predicted long time ago --http://www.wazua.co.ke/forum.aspx?g=posts&m=307724

Post #3, 5, 10 Here --http://m.wazua.co.ke/forum.aspx?g=posts&t=24374

Read post #121 for entertainment http://www.wazua.co.ke/f...spx?g=posts&m=103811
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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mlennyma
#712 Posted : Wednesday, July 23, 2014 6:32:41 PM
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Joined: 7/21/2010
Posts: 6,182
Location: nairobi
This is an early clear sign that mumias needs a bailout quickly than you think.No company can allow power cut if its able to afford the bill.without stima no production and workers will demand full salary.
"Don't let the fear of losing be greater than the excitement of winning."
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Akenyan2014
#713 Posted : Wednesday, July 23, 2014 7:03:34 PM
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Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
mlennyma wrote:
This is an early clear sign that mumias needs a bailout quickly than you think.No company can allow power cut if its able to afford the bill.without stima no production and workers will demand full salary.


Tough: mumias-plummeting-stock-worries-shareholders
NEGATIVITY continues
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Njung'e
#714 Posted : Wednesday, July 23, 2014 7:15:30 PM
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Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
kp restores power.
Nothing great was ever achieved without enthusiasm.
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murchr
#715 Posted : Wednesday, July 23, 2014 7:31:49 PM
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Joined: 2/26/2012
Posts: 15,980
Njung'e wrote:
kp restores power.


This company needs a serious overhaul, with clear objectives in place. @Mawinder looks like you are now alone http://www.businessdaily.../-/14n3h1bz/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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mibbz
#716 Posted : Thursday, July 24, 2014 2:12:54 AM
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Joined: 2/18/2011
Posts: 448
remember that spike in price back to ksh 4.30 range on extension of comesa safeguard by one year? While 'wanjiku' rushed in on lopsided advise whales were exiting.

http://www.businessdaily.../-/14n3h1bz/-/index.html
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tkzee
#717 Posted : Thursday, July 24, 2014 10:20:59 AM
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Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
Unless the govt bails this co.or a strategic investor comes in.Its only a matter of time before this company goes belly up

''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Akenyan2014
#718 Posted : Thursday, July 24, 2014 11:43:04 AM
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Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
tkzee wrote:
Unless the govt bails this co.or a strategic investor comes in.Its only a matter of time before this company goes belly up



Can't the renegotiated loan repayment schedules offer some lifeline?
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icecube
#719 Posted : Thursday, July 24, 2014 12:38:19 PM
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Joined: 1/2/2008
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Location: Nairobi
With all the bad news in the air, the price is unmoved much. It is still. This thing could be DEAD! or is it unconscious?
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VituVingiSana
#720 Posted : Thursday, July 24, 2014 1:55:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
streetwise wrote:
And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door
Why don't you buy the shares instead of accusing others of 'grabbing'? The shares are traded publicly so if you buy them you can easily get 25% of the firm. You may have to pay more than 2.50 to get to 25% but you can.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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