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Mumias Sugar huge demand
Rank: Veteran Joined: 4/23/2014 Posts: 909
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I tead this in last weeks Nation, but sunce then silence. Is there anything new? Kenya: System Hitch Delays Mumias' Opening http://allafrica.com/stories/201508270596.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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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Kenya plans to merge two sugar firms, writes off $337m debt http://www.theeastafrica...6/-/uqhjybz/-/index.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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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Competition coming from Mauritian producers/firms buying Kenyan firms. KISCOL is 25% owned by Omnicane. They have invested 18bn & plan to crush 3,000 tons daily. TransMara bought by SML. Plans to increase the crushing capacity to 1mn tons. http://www.businessdaily...20/-/sf05ck/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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At least some relatively good news, after all the political prophets of doom and their theatrics. Mumias resumes sugar production after a two-month break
http://www.businessdaily...46/-/tn5rkg/-/index.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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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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With the GOK on the side of MSC, the county is on the side of MSC, the political class is on the side of MSC, the farmers are on the side of MSC and MSC is on the side of MSC , it is difficult to see any doom.
They are called false prophets. Read my lips
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Rank: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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At least there is some support for this share
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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More political & legal noncence, but it spoils a fairly ready meal. Wamwangi clashes with privatisation team over sugar mills sale http://www.businessdaily...6/-/syh2fmz/-/index.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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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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When is Mumias likely to release FY2015 results
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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You really want to see the FY2015 results ???.
Unless they revalue land which must have appreciated by now, this will be one BIG real mess !
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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streetwise wrote:You really want to see the FY2015 results ???.
Unless they revalue land which must have appreciated by now, this will be one BIG real mess ! Mess or not, I,m still in this ship. It sinks I,ll navigate the captain the easiest route to hell, if not a cold one by the beach shall have been earned. “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: 4/23/2014 Posts: 909
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Odinga sues Duale for linking him to Mumias Sugar collapse“The Plaintiff avers that the defamatory and malicious words uttered have grievously injured his character both personally and as a very prominent politician and leader in Kenya and in the world and as such he had been exposed to public scandal, odium and ridicule and embarrassment.” “He has been lowered in the estimation of right thinking persons and continues to be injured in the course of his private and public life.” http://citizentv.co.ke/n...-mumias-sugar-collapse/
-I think then I'm also a right thinking person. “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: 6/23/2011 Posts: 1,740 Location: Nairobi
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Never understand why people do not like positive news.
In Citizen TV last evening Mumias back in full swing producing 6,000 tons of sugar per day. In stock 70,000 litres of ethanol. Ama iyo ni mbaya
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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streetwise wrote:Never understand why people do not like positive news.
In Citizen TV last evening Mumias back in full swing producing 6,000 tons of sugar per day. In stock 70,000 litres of ethanol. Ama iyo ni mbaya
And still not producing at 100% https://www.youtube.com/watch?v=xwfbi-TYhnc
“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: 6/23/2011 Posts: 1,740 Location: Nairobi
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75% operation good for me , how may of us got 100% marks in any exam.
Brown sugar demand high, thought this was waste.
And I stand corrected 70K ltrs of ethanol per day
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Illegal sugar, not the imports, is the greatest threat to the local industry Mr Weda is the Sony Sugar Board chairmanhttp://www.nation.co.ke/...16/-/nfwpnu/-/index.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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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Mumias will be back in profitability in two years time or less. As Kenyans must we wait for the white man and Chinese to revive our dead industries? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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Oh yes, we are Kidero and Naikuni. We may have brains, but culture (or whatever you call it)?
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Rank: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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HaMaina wrote:streetwise wrote:You really want to see the FY2015 results ???.
Unless they revalue land which must have appreciated by now, this will be one BIG real mess ! Mess or not, I,m still in this ship. It sinks I,ll navigate the captain the easiest route to hell, if not a cold one by the beach shall have been earned. Up to now I thought you were against those investing in MSC. Not that I want to bring any argument, but I have to ask.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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technician wrote:HaMaina wrote:streetwise wrote:You really want to see the FY2015 results ???.
Unless they revalue land which must have appreciated by now, this will be one BIG real mess ! Mess or not, I,m still in this ship. It sinks I,ll navigate the captain the easiest route to hell, if not a cold one by the beach shall have been earned. Up to now I thought you were against those investing in MSC. Not that I want to bring any argument, but I have to ask. Have been here for the past 4 years and counting. “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: New-farer Joined: 8/25/2015 Posts: 15 Location: Nairobi
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Now that we agree that MSC is a good share lets continue with the discussion that is developing in support of this counter.
It has been a while before people could say that they have bought shares in this counter. Now things are changing and investors are starting to come out in support of this share.
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Mumias Sugar huge demand
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