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Mumias Sugar huge demand
Rank: Elder Joined: 4/30/2008 Posts: 6,029
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murchr wrote: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? Kidero, YH wholesalers. A key addition to Njunge's post is that TH wholesalers is owned by Yunis Khalif and his flamboyant son Abbas and it has always been suspected the governor owns a stake in YH.They also have a godown at Cabanas where they conduct their repackaging and the godown masquerades as a maize milling plant.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Muchr, Naivasha. @Mawinder, 100% you get. Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe "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: Elder Joined: 7/11/2010 Posts: 5,040
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murchr wrote:Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe That's why when u see fishy dealings in a firm just run! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Aguytrying wrote:murchr wrote:Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe That's why when u see fishy dealings in a firm just run! So you ran away from HFCK...okay!  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Boris Boyka wrote:Aguytrying wrote:murchr wrote:Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe That's why when u see fishy dealings in a firm just run! So you ran away from HFCK...okay! wewe Boris unanitafutanga sana. HFCK I got the short end of the rights issue pie so I sold nderitu that was left. but on britam above formula applies.... The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Hello Joined: 4/20/2015 Posts: 8
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Aguytrying wrote:Boris Boyka wrote:Aguytrying wrote:murchr wrote:Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe That's why when u see fishy dealings in a firm just run! So you ran away from HFCK...okay! wewe Boris unanitafutanga sana. HFCK I got the short end of the rights issue pie so I sold nderitu that was left. but on britam above formula applies.... 
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Aardwolf wrote:Aguytrying wrote:Boris Boyka wrote:Aguytrying wrote:murchr wrote:Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe That's why when u see fishy dealings in a firm just run! So you ran away from HFCK...okay! wewe Boris unanitafutanga sana. HFCK I got the short end of the rights issue pie so I sold nderitu that was left. but on britam above formula applies.... my brother @Aguy...brothers keep watch over each other! I will buy you cement at the AGM Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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"ππ‘KQ makes money for everyone except the shareholder ππ " overheard in Wazua
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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what a mess.
Isnt there some one that when he sees these news he ducks even when alone.
Shame shame shame !!!!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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And now I concede. Mumias Sugar Company is DEAD!!! Dead as a Dodo!!!! Receive with simplicity everything that happens to you.β β Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Boris Boyka wrote:Aardwolf wrote:Aguytrying wrote:Boris Boyka wrote:Aguytrying wrote:murchr wrote:Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe That's why when u see fishy dealings in a firm just run! So you ran away from HFCK...okay! wewe Boris unanitafutanga sana. HFCK I got the short end of the rights issue pie so I sold nderitu that was left. but on britam above formula applies.... my brother @Aguy...brothers keep watch over each other! I will buy you cement at the AGM Kweli kabisa. much appreciated In this NSE full of sharks, we need bothers watching out for each other. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Aguytrying wrote:Boris Boyka wrote:Aardwolf wrote:Aguytrying wrote:Boris Boyka wrote:Aguytrying wrote:murchr wrote:Njung'e wrote:VituVingiSana wrote:Chutzpah! EK has quit as CEO but still continues the repackaging biashara! Thanks guys! The packaging machines in use at the said godown were bought secondhand from msc for a song. To complete the line, a team of experienced employees was also poached by the godown. Take that! Kweli....Kenya ina wenyewe That's why when u see fishy dealings in a firm just run! So you ran away from HFCK...okay! wewe Boris unanitafutanga sana. HFCK I got the short end of the rights issue pie so I sold nderitu that was left. but on britam above formula applies.... my brother @Aguy... brothers keep watch over each other! I will buy you cement at the AGM Kweli kabisa. much appreciated In this NSE full of sharks, we need bothers watching out for each other. veiled makonde
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mauritius Omnicane pretax profits dive 52 pct in 2014Quote:Omnicane said pretax profit fell to 269.35 million rupees ($7.80 million) from a year earlier, while earnings per share fell to 3.20 rupees from 6.24 rupees.
"The sugar price is still under pressure in the EU market and no improvement is expected," Omnicane said in a statement, adding it was exploring ways to improve profitability in its sugar business.
Omnicane also produces electricity from the waste it generates from milling sugar, which it sells to the national grid. Since last April, it has operated an ethanol plant. Commodities have been taking it in the chin. MSC is closely fixed in this commodities price slump. If a firm like Omnicane can nosedive this way, God help MSC  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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KRA to raid Mumias Sugar and take over its accounts over unpaid taxes anytime!!!!!!!!!!!!!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Member Joined: 8/16/2012 Posts: 660
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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! Live and learn; and donβt forget, nothing ventured, nothing gained.
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Museveni 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 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! Going by guka's thesis, I wonder then why Al Shaby would bomb 'their' own sugar...  For investors as a whole, returns decrease as motion increases ~ WB
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