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Mumias Sugar huge demand
Rank: Veteran Joined: 8/16/2009 Posts: 994
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murchr wrote:Kenya Power has moved to court seeking to freeze Mumias Sugar Company’s assets until the struggling miller settles a Sh1.1 billion electricity bill – a demand that could worsen the miller’s dwindling fortunes. The bill arose from Kenya Power supplementing Mumias’ power production plant between 2009 and 2014. While the miller has only paid Sh70 million, the electricity distributor wants the court to compel Mumias to pay the total bill, a move that may disrupt the government’s Sh1 billion rescue bid of the sugar manufacturer. Business Daily Kenya power is heavily government owned so it will be prevailed upon to hold its horses and give Mumias time to raise cash. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Member Joined: 1/10/2015 Posts: 411
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streetwise wrote:Time for 1 bob  Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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2.25 bob prints... Ulcers Central! IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I agree with those who say MSC is dead.
There is always one readon or other why the co does not perform from thieving employees, lack of sugarcane etc etc. I think next time it will be lack of air.
Some one needs to check; was the land where the co build the plant a grave yard which means the devil hangs around there all the time and when the factory is in operation it disturbs the dead,
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Rank: New-farer Joined: 7/3/2011 Posts: 30 Location: Nairobi
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streetwise wrote:I agree with those who say MSC is dead.
There is always one readon or other why the co does not perform from thieving employees, lack of sugarcane etc etc. I think next time it will be lack of air.
Some one needs to check; was the land where the co build the plant a grave yard which means the devil hangs around there all the time and when the factory is in operation it disturbs the dead,
MSC's woes are temporary.A passing cloud. I used to be a pig but I am now a bull-bear hybrid.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Paul Owuor wrote:streetwise wrote:I agree with those who say MSC is dead.
There is always one readon or other why the co does not perform from thieving employees, lack of sugarcane etc etc. I think next time it will be lack of air.
Some one needs to check; was the land where the co build the plant a grave yard which means the devil hangs around there all the time and when the factory is in operation it disturbs the dead,
MSC's woes are temporary.A passing cloud. Hawa jamaa shida doesn't end. The other day on the paper tthe story was some sugar is imported from Somalia and ppackaged wwith some local sugar company packages . This is a stock to buy when the graph is steadily rising but for now its problems after problems. Next will be the machines have refused to work completely .wait and see
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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It's a pity that msc is now headed by a complete bunch of idiots and by large, what they are telling the whole world is that the company has only made 74K tonnes of sugar with only two months to go before year end. For a company which progressively rose to a record 272K tonnes of sugar in 2007,then something is terribly wrong and that is what they should be addressing.Actually, the last time msc made so little sugar was in 1977 but then they had only one mill tandem.SAD! Nothing great was ever achieved without enthusiasm.
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Rank: Hello Joined: 4/20/2015 Posts: 8
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MSC is a joke company. The management's unwavering ineptitude coupled with it's pool of rogue employees is unbelievable. Every week there is negative news on this company, which is projected to return to profitability in 2019 - well make that 2022 or later. An article in today's The Star reported alshabaab sugar was repackaged in MSC bags for distribution in the country. This will definitely puncture the company's brand image further and I wouldn't be surprised if some of the employees are linked to this. Today, when I read about the sucrose leakage, barely five months after annual maintenance, the first thing that crossed my mind is that some employee had found a new way to swindle the company. Why Kidero and his boys have not been prosecuted for corruption is beyond me. I wouldn't touch this stock even with a long pole. I pity those who were averaging down after the music stopped. So sad.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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streetwise wrote:I agree with those who say MSC is dead.
There is always one readon or other why the co does not perform from thieving employees, lack of sugarcane etc etc. I think next time it will be lack of air.
Some one needs to check; was the land where the co build the plant a grave yard which means the devil hangs around there all the time and when the factory is in operation it disturbs the dead,
Mudete tea factory in vihiga was built on actual Graves..some exhumed others not ...but is running well. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/23/2009 Posts: 13,706 Location: nairobi
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Boris Boyka wrote:streetwise wrote:I agree with those who say MSC is dead.
There is always one readon or other why the co does not perform from thieving employees, lack of sugarcane etc etc. I think next time it will be lack of air.
Some one needs to check; was the land where the co build the plant a grave yard which means the devil hangs around there all the time and when the factory is in operation it disturbs the dead,
Mudete tea factory in vihiga was built on actual Graves..some exhumed others not ...but is running well. The elders of mudete were appeased, but those of mumias seems restless. mutakase hii kampuni
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Njung'e wrote:It's a pity that msc is now headed by a complete bunch of idiots and by large, what they are telling the whole world is that the company has only made 74K tonnes of sugar with only two months to go before year end. For a company which progressively rose to a record 272K tonnes of sugar in 2007,then something is terribly wrong and that is what they should be addressing.Actually, the last time msc made so little sugar was in 1977 but then they had only one mill tandem.SAD! silent prayers for those still on this bus 
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Aardwolf wrote: I wouldn't touch this stock even with a long pole. I pity those who were averaging down after the music stopped. So sad. Packaging of smuggled sugar in MSC films has been on for a long time and those behind it are well known.One is a county governor and his key man is a Kenyan of Somali origin who operates from godowns in Eastleigh. The sugar is then distributed throughout the country using the same MSC sugar distributors including a supermarket with a name originating from a town in Rift valley. Other barons are based in Mombasa , Garissa ,Malindi and Lamu.Their key gateways are Liboi and the small sleepy island of Kiwaayu,four hour boat ride from Lamu towards Somali territory. In reality,nothing keeps the Al-shabaab alive more than smuggled sugar and that is why the barons want MSC dead! Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 1/3/2007 Posts: 18,187 Location: Nairobi
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Njung'e wrote:Aardwolf wrote: I wouldn't touch this stock even with a long pole. I pity those who were averaging down after the music stopped. So sad. Packaging of smuggled sugar in MSC films has been on for a long time and those behind it are well known.One is a county governor and his key man is a Kenyan of Somali origin who operates from godowns in Eastleigh. The sugar is then distributed throughout the country using the same MSC sugar distributors including a supermarket with a name originating from a town in Rift valley. Other barons are based in Mombasa , Garissa ,Malindi and Lamu.Their key gateways are Liboi and the small sleepy island of Kiwaayu,four hour boat ride from Lamu towards Somali territory. In reality,nothing keeps the Al-shabaab alive more than smuggled sugar and that is why the barons want MSC dead! Name names ... these riddles are tough to decipher! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Boris Boyka wrote:streetwise wrote:I agree with those who say MSC is dead.
There is always one readon or other why the co does not perform from thieving employees, lack of sugarcane etc etc. I think next time it will be lack of air.
Some one needs to check; was the land where the co build the plant a grave yard which means the devil hangs around there all the time and when the factory is in operation it disturbs the dead,
Mudete tea factory in vihiga was built on actual Graves..some exhumed others not ...but is running well. For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Njung'e wrote:Aardwolf wrote: I wouldn't touch this stock even with a long pole. I pity those who were averaging down after the music stopped. So sad. Packaging of smuggled sugar in MSC films has been on for a long time and those behind it are well known.One is a county governor and his key man is a Kenyan of Somali origin who operates from godowns in Eastleigh. The sugar is then distributed throughout the country using the same MSC sugar distributors including a supermarket with a name originating from a town in Rift valley. Other barons are based in Mombasa , Garissa ,Malindi and Lamu.Their key gateways are Liboi and the small sleepy island of Kiwaayu,four hour boat ride from Lamu towards Somali territory. In reality,nothing keeps the Al-shabaab alive more than smuggled sugar and that is why the barons want MSC dead! I never had a hint of guilt when I walked past the shelves bearing these repackaged sugar sold in 'a supermarket with a name originating from a town in Rift valley'... I always suspected it, thanks Guka for the vindication... For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:Njung'e wrote:Aardwolf wrote: I wouldn't touch this stock even with a long pole. I pity those who were averaging down after the music stopped. So sad. Packaging of smuggled sugar in MSC films has been on for a long time and those behind it are well known.One is a county (NBI) governor and his key man is a Kenyan of Somali origin who operates from godowns in Eastleigh. The sugar is then distributed throughout the country using the same MSC sugar distributors including a supermarket with a name originating from a town (NAKURU) in Rift valley. Other barons are based in Mombasa , Garissa ,Malindi and Lamu.Their key gateways are Liboi and the small sleepy island of Kiwaayu,four hour boat ride from Lamu towards Somali territory. In reality,nothing keeps the Al-shabaab alive more than smuggled sugar and that is why the barons want MSC dead! Name names ... these riddles are tough to decipher! Does that help? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:Boris Boyka wrote:streetwise wrote:I agree with those who say MSC is dead.
There is always one readon or other why the co does not perform from thieving employees, lack of sugarcane etc etc. I think next time it will be lack of air.
Some one needs to check; was the land where the co build the plant a grave yard which means the devil hangs around there all the time and when the factory is in operation it disturbs the dead,
Mudete tea factory in vihiga was built on actual Graves..some exhumed others not ...but is running well. The elders of mudete were appeased, but those of mumias seems restless. mutakase hii kampuni What Atwoli calls Shikingi..plural Vishingi. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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