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Mumias Sugar HY15 Ksh.1.6Bn loss
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:Challenges Facing The Company
-Factory (in)efficiency
-High unit cost of production
-Raw material shortage
-Low product prices
-High cost of servicing the factory
Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Interim Dividend:The board of Directors is please to recommend the payment of an interim dividend of Ksh. hahaha  Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Another one still swimming in the gross loss category. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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[quote=lochaz-index]Another one still swimming in the gross loss category.[/quot Government bailout is now necessary without delay. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Spikes wrote:[quote=lochaz-index]Another one still swimming in the gross loss category.[/quot
Government bailout is now necessary without delay. we are staring at over 3b full year loss "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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lochaz-index wrote:Another one still swimming in the gross loss category. I've respected gava as a shareholder. Kuna watu wamechomeka hapa to recognition. Imagine it once traded at 60 bob. and very recenlty 10-20. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Aguytrying wrote:lochaz-index wrote:Another one still swimming in the gross loss category. I've respected gava as a shareholder. Kuna watu wamechomeka hapa to recognition. Imagine it once traded at 60 bob. and very recenlty 10-20. I got meself some at Ksh. 4 hoping to have a piece of the then retained earnings ...... Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Pesa Nane wrote:Aguytrying wrote:lochaz-index wrote:Another one still swimming in the gross loss category. I've respected gava as a shareholder. Kuna watu wamechomeka hapa to recognition. Imagine it once traded at 60 bob. and very recenlty 10-20. I got meself some at Ksh. 4 hoping to have a piece of the then retained earnings ...... pole bro. This is why i vehemently preach against gava firms and firms with shady management. There's a race to zero. who will win? Mumias 1.55 Home africa 1.85 ADSS 1.55 Neverready 2.65 and joining the race soon transcentury 6.05 KQ 4.50 Kengen has not confirmed participation Uchumi trying to be ineligible The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The known Ocampo Six...... Kenya Airways , Uchumi Supermarkets , ARM Cement , Home Afrika, TransCentury and Mumias Sugar Company "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:lochaz-index wrote:Another one still swimming in the gross loss category. I've respected gava as a shareholder. Kuna watu wamechomeka hapa to recognition. Imagine it once traded at 60 bob. and very recenlty 10-20. Which means buying at kes 1.70 and sell at kes 1.55 is a drop in the ocean loss considering those who bought at double digit prices! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Spikes wrote:Aguytrying wrote:lochaz-index wrote:Another one still swimming in the gross loss category. I've respected gava as a shareholder. Kuna watu wamechomeka hapa to recognition. Imagine it once traded at 60 bob. and very recenlty 10-20. Which means buying at kes 1.70 and sell at kes 1.55 is a drop in the ocean loss considering those who bought at double digit prices! Hii takataka did a rights at 49.50 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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That cost of sales is suspect in my opinion. Compare the cost of sales for the 2 periods
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Am waiting for @Hamaina, Sikes, Streetwise et al to dissaprove on this one. They said they were sure the sugar sector ( presumed MSC is sugar sector) can't be left in losses.  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mawinder wrote:That cost of sales is suspect in my opinion. Compare the cost of sales for the 2 periods I think they have inflated cost of sales of this period to strain net profit so that they can pile pressure for government bailout. How can variable cost behave like fixed cost? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Spikes wrote:Aguytrying wrote:lochaz-index wrote:Another one still swimming in the gross loss category. I've respected gava as a shareholder. Kuna watu wamechomeka hapa to recognition. Imagine it once traded at 60 bob. and very recenlty 10-20. Which means buying at kes 1.70 and sell at kes 1.55 is a drop in the ocean loss considering those who bought at double digit prices! That is nothing. This share has cleaned out guys >90% loss! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/23/2014 Posts: 910
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This is the half year results, not that I'm expecting anything in the full year results. But I have been in this ship from 5.05KSh , and still going strong, today its playing at 1.55-1.65 na bado I'm buying with anything I can get. If nothing comes out of it by Feb 2017, sawa I will have lost, Lakini I believe I will make my magic numbers of >50-|60|-<70. That is if the pair of jewels between my legs can handle the pressure. For now its just trading low its only a loss if you sell at a loss. “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: 5/21/2014 Posts: 184
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Aguytrying wrote:lochaz-index wrote:Another one still swimming in the gross loss category. I've respected gava as a shareholder. Kuna watu wamechomeka hapa to recognition. Imagine it once traded at 60 bob. and very recenlty 10-20. It's actually burnt to 'Congnition'.There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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HaMaina wrote:This is the half year results, not that I'm expecting anything in the full year results. But I have been in this ship from 5.05KSh , and still going strong, today its playing at 1.55-1.65 na bado I'm buying with anything I can get. If nothing comes out of it by Feb 2017, sawa I will have lost, Lakini I believe I will make my magic numbers of >50-|60|-<70. That is if the pair of jewels between my legs can handle the pressure. For now its just trading low its only a loss if you sell at a loss. sunk cost fallacy.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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whiteowl wrote:HaMaina wrote:This is the half year results, not that I'm expecting anything in the full year results. But I have been in this ship from 5.05KSh , and still going strong, today its playing at 1.55-1.65 na bado I'm buying with anything I can get. If nothing comes out of it by Feb 2017, sawa I will have lost, Lakini I believe I will make my magic numbers of >50-|60|-<70. That is if the pair of jewels between my legs can handle the pressure. For now its just trading low its only a loss if you sell at a loss. sunk cost fallacy. It is not a fallacy but about resilience and patience. In the longrun MSC is a viable investment. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Mumias Sugar HY15 Ksh.1.6Bn loss
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