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Mumias FY 2014
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jwatesh
#91 Posted : Monday, October 06, 2014 1:24:36 PM
Rank: Member

Joined: 8/19/2014
Posts: 125
Keep away from it. Cheap sugar is coming soon...unless govt imposes high taxes
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mawinder
#92 Posted : Monday, October 06, 2014 1:35:19 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Njung'e wrote:
Comesa threat to Kenyan sugar industry is one big fallacy.If i may,is there a country in Africa that is a net exporter of sugar other than Mauritius?

None, but Kenyan businessmen head to Egypt rebag sugar from world over and export it to Kenya and allege it is from Comesa.
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actuarywahisa
#93 Posted : Monday, October 06, 2014 1:43:35 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
mawinder wrote:
Njung'e wrote:
Comesa threat to Kenyan sugar industry is one big fallacy.If i may,is there a country in Africa that is a net exporter of sugar other than Mauritius?

None, but Kenyan businessmen head to Egypt rebag sugar from world over and export it to Kenya and allege it is from Comesa.



@Njunge

Just as @Mawinder said, the source of the cheap sugar not withstanding, it has made it's way into the country many times before even with the barriers, now imagine without barriers.

What if in the meantime Mumias and other companies shore their losses by being allowed to gain by being on the fore front of cheap sugar imports? Is this feasible?
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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streetwise
#94 Posted : Monday, October 06, 2014 2:56:23 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I guess so, let Mumias follow never ready route
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Pesa Nane
#95 Posted : Monday, October 06, 2014 3:14:19 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mlennyma wrote:
Its lifting of comesa safeguards which will hammer mumias last nail to the coffin

Why continue wasting reserves with an unviable business? Redeploy the resources to other profitable ventures or close shop we share out whatever remains.

And anyway, who does want a burgain? (cheap sugar)
Pesa Nane plans to be shilingi when he grows up.
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Kihara joni
#96 Posted : Monday, October 06, 2014 3:18:56 PM
Rank: Member

Joined: 5/8/2013
Posts: 386
Location: Nyali mombasa
I will go against the grain and buy at this low prices or even lower, would still buy at 1.40, Mumias can decide to import and pack the cheap sugar, when I was buying safaricom at 2.40/- I was told am crazy so I will BUY.
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its2013
#97 Posted : Monday, October 06, 2014 7:55:07 PM
Rank: Member

Joined: 1/4/2013
Posts: 255
For as long as there is this uncertainty shareholders will suffer losses on the market but when a solution to the current troubles comes eventually (whether return to profitability, an acquisition or a ....) it will be sweet for investors who have bought in at current prices.
Pretty hurts
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koxwex
#98 Posted : Monday, October 06, 2014 8:32:26 PM
Rank: New-farer

Joined: 9/12/2014
Posts: 22
Location: Nairobi
waiting for the bull to fatten or to be slaughtered. win win for those who got in at 3 bob
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deritsam
#99 Posted : Tuesday, October 07, 2014 1:07:44 AM
Rank: New-farer

Joined: 9/22/2014
Posts: 10
Location: Some where in Kenya
koxwex wrote:
waiting for the bull to fatten or to be slaughtered. win win for those who got in at 3 bob

Am baffled here...How is it a win win for those who got in at 3 bob while the share is trading at 2bob.
That's more like Lose Lose for those who got in at 3 Bob
Liar
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target1360
#100 Posted : Tuesday, October 07, 2014 3:22:14 AM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
Kihara joni wrote:
I will go against the grain and buy at this low prices or even lower, would still buy at 1.40, Mumias can decide to import and pack the cheap sugar, when I was buying safaricom at 2.40/- I was told am crazy so I will BUY.


safaricom was always profitable unlike msc which is basically just loosing money
I find satisfaction in owning great business,not trading them
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  | | Edit by user: Tuesday, October 07, 2014 3:23 AM | Reason: Not specified
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