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Mumias Bitters FY 2014 loss of 2.7bn
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Angelica _ann
#21 Posted : Friday, September 12, 2014 9:52:28 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
To imagine it was at 60bob at a point with a rights issue of 49.50bob. How does Bw. Governor feel wherever he is!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Akenyan2014
#22 Posted : Friday, September 12, 2014 10:01:57 AM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
This volatility is very useful, Just a minor rebound from 1.8 to 3 is a significant. i don't see a possibility of winding up yet.
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ecstacy
#23 Posted : Friday, September 12, 2014 10:14:37 AM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
hahaha! whaaaat! Si watu wamechomeka! Any hope for Nairobi county with the bugger at the helm??
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VituVingiSana
#24 Posted : Friday, September 12, 2014 11:14:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Angelica _ann wrote:
To imagine it was at 60bob at a point with a rights issue of 49.50bob. How does Bw. Governor feel wherever he is!
He feels zero. He made his money. You helped him make it. Look at Naikuni, he told us he will go look after his cows. And that doesn't stop him from drawing a huge salary. And the board will give him a super-duper payoff. Pesa za umma.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#25 Posted : Friday, September 12, 2014 11:27:58 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
and 1.85 has been traded. I hope no one will commit suicide because of this share.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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kasibitta
#26 Posted : Friday, September 12, 2014 11:49:26 AM
Rank: Member


Joined: 2/7/2014
Posts: 155
Sober wrote:
and 1.85 has been traded. I hope no one will commit suicide because of this share.


There used to be a sugar guru...i think by the name Njunge...hopefully am right. He always said...dont buy.Hopefully wazuans listened.
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Pesa Nane
#27 Posted : Friday, September 12, 2014 11:52:26 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
murchr wrote:
jerry wrote:
murchr wrote:
hisah wrote:
jerry wrote:
littledove wrote:
reports a full year loss of 2.7 billion

Rink?

PBT at -3.4B from -2.2B. 50% plus negative acceleration.

http://af.reuters.com/ar...s/idAFL5N0RC41I20140911

Today it tested sub 2/- to print a new all time low at 1.95.

Lets see if mumias can beat paka's 1.45 low.

Awful price shredding this...



Less than a yr ago people thot this was impossible, infact many were buying at 5.xy

The year break by comesa is almost coming to a close.


UK pleaded for extension, which he got, of COMESA "safe-guards". What danger now that it's trading below par or 2 bob?


That was FEB 2014 a one year extension. Is there any other? As discussed in Wazua
Mumias Sugar huge demand on #493 Posted : Thursday, February 27, 2014 8:55:42 AM wrote:

hisah wrote:
Aguytrying wrote:
brizzy wrote:
http://www.businessdailyafrica.com/Kenya-gets-another-year-for-sugar-reforms/-/539546/2223376/-/15726iw/-/index.html
I hope it works out


safeguards extended by one year!

we saw this coming. but the game changer has been and will be Tarda. mumias should get their act together in the 12 months.

Disappointed by that 1yr extension. The recovery rally needs solid legs than that measly extension.

Resistance levels on the recovery are 3.80 - 4.00 then 4.50 - 4.75 then the solid barrier at 6 - 6.50 level.

Quite a long road to recovery if you target the NAV.



This is an excerpt from the Annual Report:
Quote:

Future Outlook.
The company has fulfilled all the preconditions for COMESA, the safeguards of which will expire in February 2015

Pesa Nane plans to be shilingi when he grows up.
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