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Mumias Sugar huge demand
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VituVingiSana
#801 Posted : Saturday, August 30, 2014 11:28:26 PM
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Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
Cde Monomotapa wrote:
VituVingiSana wrote:
@urstill1 - If KUSCOL was listed and trading at an independently calculated NAV... I would buy as many as I could. I have a feeling it is going to very profitable as the other "GoK" sugar firms collapse.


Special Delivery

@murchr was also wondering whether the new Director of Immigration would provide solutions at the borders in regards to sugar too?
We need efficiencies not protectionism. Why should we pay 2x world prices for sugar?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#802 Posted : Saturday, August 30, 2014 11:40:27 PM
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Joined: 1/13/2011
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VituVingiSana wrote:
Cde Monomotapa wrote:
VituVingiSana wrote:
@urstill1 - If KUSCOL was listed and trading at an independently calculated NAV... I would buy as many as I could. I have a feeling it is going to very profitable as the other "GoK" sugar firms collapse.


Special Delivery

@murchr was also wondering whether the new Director of Immigration would provide solutions at the borders in regards to sugar too?
We need efficiencies not protectionism. Why should we pay 2x world prices for sugar?


Well, the article seeks to satisfy that GoK is exiting to allow 'able' private sector. Then you can have peace of mind. Probably buy shares too. Apologies then.
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urstill1
#803 Posted : Sunday, August 31, 2014 7:18:08 AM
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Cde Monomotapa wrote:
VituVingiSana wrote:
Cde Monomotapa wrote:
VituVingiSana wrote:
@urstill1 - If KUSCOL was listed and trading at an independently calculated NAV... I would buy as many as I could. I have a feeling it is going to very profitable as the other "GoK" sugar firms collapse.


Special Delivery

@murchr was also wondering whether the new Director of Immigration would provide solutions at the borders in regards to sugar too?
We need efficiencies not protectionism. Why should we pay 2x world prices for sugar?


Well, the article seeks to satisfy that GoK is exiting to allow 'able' private sector. Then you can have peace of mind. Probably buy shares too. Apologies then.


GoK extiting? Ok, possibly doing so?
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Cde Monomotapa
#804 Posted : Sunday, August 31, 2014 8:44:23 AM
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@urstill1 Doing what exactly?

The crux is that what Finance CS is saying in that article is directly linked to step number 3 of the script - Improving competitiveness in the sector.
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urstill1
#805 Posted : Sunday, August 31, 2014 8:50:04 AM
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Cde Monomotapa wrote:
@urstill1 Doing what exactly?

The crux is that what Finance CS is saying in that article is directly linked to step number 3 of the script - Improving competitiveness in the sector.


Possibly exiting. Sorry for the ambiguity of my statement.
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VituVingiSana
#806 Posted : Sunday, August 31, 2014 4:16:11 PM
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Cde Monomotapa wrote:
VituVingiSana wrote:
Cde Monomotapa wrote:
VituVingiSana wrote:
@urstill1 - If KUSCOL was listed and trading at an independently calculated NAV... I would buy as many as I could. I have a feeling it is going to very profitable as the other "GoK" sugar firms collapse.


Special Delivery

@murchr was also wondering whether the new Director of Immigration would provide solutions at the borders in regards to sugar too?
We need efficiencies not protectionism. Why should we pay 2x world prices for sugar?


Well, the article seeks to satisfy that GoK is exiting to allow 'able' private sector. Then you can have peace of mind. Probably buy shares too. Apologies then.
Protectionism goes all the way to subsidizing or forcing private firms to pay uncompetitive prices to inefficient farmers for cane. KUSCOL [from the website] have chosen to establish a large nucleus estate instead of (primary) reliance on out-growers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kihara joni
#807 Posted : Monday, November 03, 2014 1:22:21 PM
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Location: Nyali mombasa
someone is buying MSC enmass what is up with this stock currently at 1.75
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jerry
#808 Posted : Monday, November 03, 2014 1:30:33 PM
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Kihara joni wrote:
someone is buying MSC enmass what is up with this stock currently at 1.75

Eveready was once at 1.6!
The opposite of courage is not cowardice, it's conformity.
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streetwise
#809 Posted : Monday, November 03, 2014 2:23:33 PM
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The guy knows the share will be one day at 3 bob.

He will nearly double his money.

The theory goes like, its easier to double one bob than to double 100 bob
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mlennyma
#810 Posted : Monday, November 03, 2014 3:08:46 PM
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Any mumias lender must be calculating how much what is left is worth as at now.
"Don't let the fear of losing be greater than the excitement of winning."
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Magnate
#811 Posted : Friday, January 02, 2015 10:03:27 PM
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Joined: 11/1/2013
Posts: 257
Some amazing facts on MSC after the interview with one respected Mr.Otolo MD mumias courtesy of NTV news.

1.Mumias will take approx 18 months to return to profitability after the bail out.

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.

4.MSC is requesting GOK for a 2.5bn bail out,no response from GOK,though there are good signs (aka "we are certain but not sure" #chef).

5.They have resumed production to full throstle.

as heard to the best of my ears..
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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VituVingiSana
#812 Posted : Friday, January 02, 2015 10:25:35 PM
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Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
Magnate wrote:
Some amazing facts on MSC after the interview with one respected Mr.Otolo MD mumias courtesy of NTV news.

1.Mumias will take approx 18 months to return to profitability after the bail out.

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.

4.MSC is requesting GOK for a 2.5bn bail out,no response from GOK,though there are good signs (aka "we are certain but not sure" #chef).

5.They have resumed production to full throstle.

as heard to the best of my ears..

When was the interview? Link?

BTW, what does a 'bailout' mean? Does that mean the GoK cash into Mumias wipes out the existing shareholders' equity?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#813 Posted : Saturday, January 03, 2015 7:31:26 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
streetwise wrote:
The guy knows the share will be one day at 3 bob.

He will nearly double his money.

The theory goes like, its easier to double one bob than to double 100 bob


Easier to lose 1bob than to lose 100 bob.
Life is short. Live passionately.
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sparkly
#814 Posted : Saturday, January 03, 2015 7:43:25 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Magnate wrote:

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.
.


Loans from CBA and Eco Bank to build the 5B ethanol plant. That is where the problem started.

Life is short. Live passionately.
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Aguytrying
#815 Posted : Saturday, January 03, 2015 8:39:05 AM
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Posts: 5,040
6.5 billion! unserviceable loans. these gava firms will never cease to amaze. let them rebuild so that others can pull it down again in future.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Magnate
#816 Posted : Saturday, January 03, 2015 12:34:02 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
VituVingiSana wrote:
Magnate wrote:
Some amazing facts on MSC after the interview with one respected Mr.Otolo MD mumias courtesy of NTV news.

1.Mumias will take approx 18 months to return to profitability after the bail out.

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.

4.MSC is requesting GOK for a 2.5bn bail out,no response from GOK,though there are good signs (aka "we are certain but not sure" #chef).

5.They have resumed production to full throstle.

as heard to the best of my ears..

When was the interview? Link?
interview aired on 2nd jan 2015 at 9:00pm NTV business news

http://www.standardmedia.co.ke/business/article/2000146412/mumias-sugar-company-seeks-sh2-4b-state-bailout?pageNo=1


BTW, what does a 'bailout' mean? Does that mean the GoK cash into Mumias wipes out the existing shareholders' equity?

No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Magnate
#817 Posted : Saturday, January 03, 2015 12:42:31 PM
Rank: Member


Joined: 11/1/2013
Posts: 257
sparkly wrote:
Magnate wrote:

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.
.


Loans from CBA and Eco Bank to build the 5B ethanol plant. That is where the problem started.


add to that the sugar importation deal that went sour according to mr.Otolo.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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VituVingiSana
#818 Posted : Sunday, January 04, 2015 11:10:33 AM
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Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
sparkly wrote:
streetwise wrote:
The guy knows the share will be one day at 3 bob.

He will nearly double his money.

The theory goes like, its easier to double one bob than to double 100 bob


Easier to lose 1bob than to lose 100 bob.
Applause Applause Applause You nailed it. The 1 to 2 theory is for speculators but this only works if you can buy cheap & sell expensive... In other words, find a goat to chinja instead of being chinja'd
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#819 Posted : Tuesday, January 06, 2015 10:42:29 AM
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Joined: 4/23/2014
Posts: 909
And the prophets of doom continue. If they know who is involved then they should do something about it.

http://weeklycitizennews...d-mumias-sugar-from.html
“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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streetwise
#820 Posted : Tuesday, January 06, 2015 11:13:15 AM
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Location: Nairobi
OOOH so this is the same guy who has been buying millions of shares at less tha 2 shillings and keeping the price just there
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