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Mumias Sugar huge demand
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mlennyma
#721 Posted : Thursday, July 24, 2014 2:10:48 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,182
Location: nairobi
Even during the last hour of a company's collapse,there are buy orders.
"Don't let the fear of losing be greater than the excitement of winning."
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icecube
#722 Posted : Thursday, July 24, 2014 2:20:38 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
mlennyma wrote:
Even during the last hour of a company's collapse,there are buy orders.


Mumias will not collapse soon, at least it is not yet in it's last hour of collapse.
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Akenyan2014
#723 Posted : Thursday, July 24, 2014 2:25:24 PM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
icecube wrote:
mlennyma wrote:
Even during the last hour of a company's collapse,there are buy orders.


Mumias will not collapse soon, at least it is not yet in it's last hour of collapse.


@mlennyma, If you place a 'collapse' for MSC be sure it will not be takenLiar
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Mainat
#724 Posted : Thursday, July 24, 2014 2:47:12 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Wacheni watu wanunue Mumias. Every dog has its day
Sehemu ndio nyumba
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hmmm
#725 Posted : Thursday, July 24, 2014 3:14:39 PM
Rank: New-farer


Joined: 10/11/2011
Posts: 25
Mainat wrote:
Wacheni watu wanunue Mumias. Every dog has its day


Just like the captain of the Titanic, some of us will go down with this one. I bought mumias a while ago at 44.
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cyruskulei
#726 Posted : Thursday, July 24, 2014 3:29:21 PM
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Joined: 3/9/2010
Posts: 320
Location: kenya
[quote=mibbz]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[/quote]
Top shareholders exiting, end of comesa restrictions and all the negative news. whats else is left....

http://www.businessdaily...88/-/d7focy/-/index.html
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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hisah
#727 Posted : Thursday, July 24, 2014 4:25:36 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
cyruskulei wrote:
mibbz wrote:
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

Top shareholders exiting, end of comesa restrictions and all the negative news. whats else is left....

http://www.businessdaily...8/-/d7focy/-/index.html

Wow! The nasty news central continues. Extreme negative sentiment about to break the meter reading... smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mawinder
#728 Posted : Thursday, July 24, 2014 4:41:01 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
Gichangi refused to name them,
Here they are
1. Abbass
2. Ndeta Benson-linked to the debt Mumias owes Dubai Bank which was seeking to wind up the company.
3. Ali Punjani
4. Mumias itself
among others
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mlennyma
#729 Posted : Thursday, July 24, 2014 9:50:20 PM
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Joined: 7/21/2010
Posts: 6,182
Location: nairobi
Does someone want mumias dead,why make the import rules friendly at this critical time for mumias??
"Don't let the fear of losing be greater than the excitement of winning."
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Akenyan2014
#730 Posted : Thursday, July 24, 2014 10:12:12 PM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
mlennyma wrote:
Does someone want mumias dead,why make the import rules friendly at this critical time for mumias??


I guess it is sth to do with bilateral trade relations. Remember Uganda is one single very important consumer of Kenyan exports, I cannot see a reason to directly link it to Mumias illness.
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mlennyma
#731 Posted : Thursday, July 24, 2014 10:25:03 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,182
Location: nairobi
You will see how kenyans will flood sugar here via uganda,just watch.
"Don't let the fear of losing be greater than the excitement of winning."
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Omena
#732 Posted : Friday, July 25, 2014 9:01:57 AM
Rank: New-farer


Joined: 4/12/2014
Posts: 36
Calculated sabotage, no coincidence.
Pray Pray Pray Pray
 It’s what you learn after you think you know it all that counts.
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SittingPretty
#733 Posted : Friday, July 25, 2014 9:40:46 AM
Rank: Member


Joined: 2/16/2013
Posts: 123
Location: MSA
mlennyma wrote:
You will see how kenyans will flood sugar here via uganda,just watch.

You are late to the party my brother, Uganda sugar is already on our shelves. The Madhvani factory in Jinja has now exceeded Mumias daily capacity. With chaos in South Sudan an export market for Ugandan sugar the Kenyan market would be the next frontier.

And we would rather have Ugandan sugar coming into the market than Brazil sugar disguised as ex Comesa.
But I still don't understand how these fellows have managed to run down Mumiasd'oh! . And what will happen when the Kwale company becomes fully operational.
So can the news get worse than this? probably yes.

By the way in Uganda ex factory spot price is about Ksh3,340 do your Maths.
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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h2s
#734 Posted : Friday, July 25, 2014 9:54:26 AM
Rank: Member


Joined: 7/20/2012
Posts: 141
SittingPretty wrote:
mlennyma wrote:
You will see how kenyans will flood sugar here via uganda,just watch.

You are late to the party my brother, Uganda sugar is already on our shelves. The Madhvani factory in Jinja has now exceeded Mumias daily capacity. With chaos in South Sudan an export market for Ugandan sugar the Kenyan market would be the next frontier.

And we would rather have Ugandan sugar coming into the market than Brazil sugar disguised as ex Comesa.
But I still don't understand how these fellows have managed to run down Mumiasd'oh! . And what will happen when the Kwale company becomes fully operational.
So can the news get worse than this? probably yes.

By the way in Uganda ex factory spot price is about Ksh3,340 do your Maths.

Kwale Sugar commissioning is in 28 days:

http://www.kwale-group.com/

If Mumias was properly managed all would still have found market since we have been a net importer of the commodity. It's not competition but management issue.
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poundfoolish
#735 Posted : Friday, July 25, 2014 10:08:43 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
h2s wrote:
SittingPretty wrote:
mlennyma wrote:
You will see how kenyans will flood sugar here via uganda,just watch.

You are late to the party my brother, Uganda sugar is already on our shelves. The Madhvani factory in Jinja has now exceeded Mumias daily capacity. With chaos in South Sudan an export market for Ugandan sugar the Kenyan market would be the next frontier.

And we would rather have Ugandan sugar coming into the market than Brazil sugar disguised as ex Comesa.
But I still don't understand how these fellows have managed to run down Mumiasd'oh! . And what will happen when the Kwale company becomes fully operational.
So can the news get worse than this? probably yes.

By the way in Uganda ex factory spot price is about Ksh3,340 do your Maths.

Kwale Sugar commissioning is in 28 days:

http://www.kwale-group.com/

If Mumias was properly managed all would still have found market since we have been a net importer of the commodity. It's not competition but management issue.


Could they (owners) be the ones killing MSC?
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mibbz
#736 Posted : Friday, July 25, 2014 11:00:03 AM
Rank: Member


Joined: 2/18/2011
Posts: 448
ksh 2.25 has printed with panic selling at its peak. 1.05 Mil shares on offer, Zero buyers.

@Poundfoolish Corporate greed killed this company,previous management imported sugar with impunity and profited from the trade.If the new entrants are sabotaging,they are just hitting the last few nails on the coffin.
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h2s
#737 Posted : Friday, July 25, 2014 11:23:11 AM
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Joined: 7/20/2012
Posts: 141
mibbz wrote:
ksh 2.25 has printed with panic selling at its peak. 1.05 Mil shares on offer, Zero buyers.

@Poundfoolish Corporate greed killed this company,previous management imported sugar with impunity and profited from the trade.If the new entrants are sabotaging,they are just hitting the last few nails on the coffin.


Someone somewhere already calculating how to grab the land that the company owns.
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guru267
#738 Posted : Friday, July 25, 2014 11:30:11 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
How low can it go...

Maybe i will enter at 1.5!

Sad
Mark 12:29
Deuteronomy 4:16
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h2s
#739 Posted : Friday, July 25, 2014 11:36:48 AM
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Joined: 7/20/2012
Posts: 141
guru267 wrote:
How low can it go...

Maybe i will enter at 1.5!

Sad

Proper dumping. Pumping to begin in January 2015 (if it ever survives that long).
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cyruskulei
#740 Posted : Friday, July 25, 2014 11:43:02 AM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
Akenyan2014 wrote:
mlennyma wrote:
Does someone want mumias dead,why make the import rules friendly at this critical time for mumias??


I guess it is sth to do with bilateral trade relations. Remember Uganda is one single very important consumer of Kenyan exports, I cannot see a reason to directly link it to Mumias illness.


This monkey will bounce back like eveready. just look at the competition paka got and it still survives with paka power.
If you look critically, mumias still has alot of room for a full turn around to profitabilty.
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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