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Mumias FY 2014
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Metasploit wrote:I am down 15% on this on a volume of 350K shares.
@hisah..are u still holding this ? 1.5 is surely coming
# Never been down this much 15% only! if I were you I would cut down my losses and check for better discounts coming this Nov/Dec and by Mar 2015 you'll have recovered plus made more gains. MSC is one company that has a very loooooooooong way to recovery. If operations resume the very cost of production and debts will leave them with nothing. Even if a buy out is proposed the amount of debt is so huge plus other 'chaps' will come in with fake debts. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:I am down 15% on this on a volume of 350K shares.
@hisah..are u still holding this ? 1.5 is surely coming
# Never been down this much Yes and I explained this is a high risk trade.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/23/2014 Posts: 911
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All these prophesies of doom for the sugar sector in general are proving a bit boring now (daily nation business 29th October 2014), either they do something about the issues they have been talking about or close down the mills, we can then move to something new. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Boris Boyka wrote:Metasploit wrote:I am down 15% on this on a volume of 350K shares.
@hisah..are u still holding this ? 1.5 is surely coming
# Never been down this much 15% only! if I were you I would cut down my losses and check for better discounts coming this Nov/Dec and by Mar 2015 you'll have recovered plus made more gains. MSC is one company that has a very loooooooooong way to recovery. If operations resume the very cost of production and debts will leave them with nothing. Even if a buy out is proposed the amount of debt is so huge plus other 'chaps' will come in with fake debts. At 1.70/- and has 45 more days to resume operations of core business. Indeed hii is flushing your money Kwa choo! 20k shares worth 1M @49.5 or 140k @7/- is now 25k. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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The suprising bit is that when the factories close for maintainance, the price of sugar goes up yet we are told of cheap imported sugar.. what is the story here
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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HaMaina wrote:All these prophesies of doom for the sugar sector in general are proving a bit boring now (daily nation business 29th October 2014), either they do something about the issues they have been talking about or close down the mills, we can then move to something new. @Hamaina ulcers itakumaluza I remember I highlighted challenges in this sugar sector a while ago and gave you examples of the fallen sugar factories ukapinga. The sector Iko chida & it'll have "doomed" news until the costs of production tremendously reduce by 70%. Poleee though ukichomeka.....Congrats if you'll harvest well. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 1/4/2013 Posts: 255
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I've dedicated a small part in mopping up at these low prices.. I'm putting money that I would use in small unnecessary luxuries (like buying ice cream) into it. I feel the price is tanking unreasonably beyond where it should be and has a fair chance of some recovery but not in the near future. But of course, I'm not a pro and I'm not advising anyone to buy (or sell). It's just part of my small personal weight loss project. And also (I know this is silly) I'm hoping for an eventual buyout if it doesn't workout.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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And the leadership there is pushing for establishing another sugar factory in busia "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Hello Joined: 10/13/2014 Posts: 2
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Rank: Member Joined: 4/20/2012 Posts: 888
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I didn't know sugar can be bitter. However, it turns out to be exactly that.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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streetwise wrote:The suprising bit is that when the factories close for maintainance, the price of sugar goes up yet we are told of cheap imported sugar.. what is the story here West Kenya closed too,Sony is about to in a few days! colluding. already news of shortages are on media. A while ago our factories complained of warehouses filled to brim &lack of market due to cheap imports. Before a factory closes for maintenance it ensures warehouses are filled to carter for consumers during that period and a little longer. Hii sugar sector ndio MEGA SCANDALS. everybody takes a sugar beverage/product several times a day from UK to mtoto wa wanjiku. MEGA Business. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 8/14/2009 Posts: 244
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Sugar dealers here, my question is, will this thing ever come to life?
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Ngoja kitogo, soon we will have filled our pockets then we fix things.
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Veteran Joined: 4/23/2014 Posts: 911
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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MKWASI wrote:I didn't know sugar can be bitter. However, it turns out to be exactly that.
When the 2.00 support was penetrated, I knew guys holding are in for a rough ride. I will be tempted to jump in when it gets to the 1.30-1.50 region maybe mid December 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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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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When construction of busia sugar started I knew things are bad for mumias,the western sugar belt needs only one sugar mill like mumias operating at full capacity without shortages year round,mumias is a stock which can easily double your fortune at this price or make you cry forever...God denied us the power to know tomorrow. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Mumias stock shrinks to 91pc of State offer price The best thing the govt still hold a chunk of shares and won't let go. fter next season opening business will not be as usaul, it will come back with a bang and as new with new faces. It will quickly retrace its steps up to 6kes very quickly before settling at 9 by june 2015
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Realtreaty wrote:Mumias stock shrinks to 91pc of State offer price The best thing the govt still hold a chunk of shares and won't let go. fter next season opening business will not be as usaul, it will come back with a bang and as new with new faces. It will quickly retrace its steps up to 6kes very quickly before settling at 9 by june 2015 What are you smoking over there ?
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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Realtreaty wrote:Mumias stock shrinks to 91pc of State offer price The best thing the govt still hold a chunk of shares and won't let go. fter next season opening business will not be as usaul, it will come back with a bang and as new with new faces. It will quickly retrace its steps up to 6kes very quickly before settling at 9 by june 2015 I am also not seeing this MSC going down going by the volumes being traded daily.
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