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Mumias Sugar huge demand
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:hisah wrote:Metch wrote:hisah wrote:Next target 1.00 handle for I don't see the low at 1.35 stopping the next dip! its a tight race to 1 bob. this one has a clear headstart. @Hisah, would you buy it at 1 bob? Unless gok gets out of this business. I have been burnt. I have bailout. I have suffered a loss of 12% all brokerage commissions inclusive. I don't want to regret @1 kes when things are out of control. Now I know which stock makes money and when to join and exit time as well. I will join at 1bob once I have healed the 12% injuries in another counter. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:Spikes wrote:hisah wrote:Metch wrote:hisah wrote:Next target 1.00 handle for I don't see the low at 1.35 stopping the next dip! its a tight race to 1 bob. this one has a clear headstart. @Hisah, would you buy it at 1 bob? Unless gok gets out of this business. I have been burnt. I have bailout. I have suffered a loss of 12% all brokerage commissions inclusive. I don't want to regret @1 kes when things are out of control. Now I know which stock makes money and when to join and exit time as well. I will join at 1bob once I have healed the 12% injuries in another counter. As for now the wounds are fresh and I am contemplating nursing them elsewhere mostly a stock with strong fundamentals. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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I am waiting for it at 40cts then I can board the bus to Mumias.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mawinder wrote:I am waiting for it at 40cts then I can board the bus to Mumias. Very soon this stock will be at negative equity that is when a free fall to sub 1 bob can be inevitable ..... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Ati 40 cts. I doubt, but I am ready to be proved otherwise.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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streetwise wrote:Ati 40 cts. I doubt, but I am ready to be proved otherwise. This is Indian ocean Tsunami! It will sweep everybody downstream . Take care. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:streetwise wrote:Ati 40 cts. I doubt, but I am ready to be proved otherwise. This is Indian ocean Tsunami! It will sweep everybody downstream . Take care. Flee your seed capital to higher grounds! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Mumias, Nzoia sugar company in cane-harvesting pact http://www.standardmedia...in-cane-harvesting-pact
“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: 9/20/2015 Posts: 2,811 Location: Mombasa
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This stock is spooked by poor financial results year after year. It is headed south for now. Once 1.35kes handle is broken nobody including Budalangi dykes can sustain the pressure of overselling in a bid to escape the catastrophe. I accurately predict that MSC would gather moss sub 1kes in a strong bear. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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These Audits are getting annoying, some action would be good. CMA to use second Mumias Sugar forensic audit in court prosecutions
http://www.businessdaily...2/-/omu7vuz/-/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: 9/20/2015 Posts: 2,811 Location: Mombasa
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[quote=HaMaina]These Audits are getting annoying, some action would be good. CMA to use second Mumias Sugar forensic audit in court prosecutions
http://www.businessdaily.../-/omu7vuz/-/index.html[/quote] To me the second audit by CMA is a pure scheme to cover up the mess or to lure investors to pump in more money during rights issue to raise 5B kes . To tame investor apathy the CMA saw it essential to entice the public that MSC looters prosecution is on track. Let them roll out the cash call and after exercise is complete you will be shocked to read the headline on authoritative dailies that the court has thrown out CMA case on a technicality in its mandate to rescue MSC. Shafting continues!!!!!! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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EACC wants case filed Kidero stopping his accounts probe dismissed
https://citizentv.co.ke/...probe-dismissed-118381/
I wonder how long money can keep one safe? “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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Is GoK involved in running Mumias? If yes, PASS. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:Is GoK involved in running Mumias? If yes, PASS. http://www.standardmedia...rotich-s-revised-budget
If approved by parliament Agriculture Ministry likely to lose 11B kes in the supplementary budget. MSC bailout is highly unlikely. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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If that happens then 50 cents will happen, but keep heart Ochard is still alive and the only reason its because Gova is the owner.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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http://www.standardmedia...-to-rescue-mumias-sugar
Yesterday I watched closely the talk of DP's impromptu visit to MSC. His body language said it all. These guys are not serious. A lot of pessimism. He said they have challenges of rolling out rights issue. And he further reiterated that the government will restructure Mumias. I am suspecting something sinister. He wants to compensate his political cronies by appointing them and giving tenders to their family members in the name of MSC restructuring. or forcing those outside Jubilee coalition to dance government tunes. Tenderpreneurs will reap big to obtain campaign money. The motivating factor is looting and staying in power. I do not see real turnaround at MSC. Just jokers hunting for votes at the detriment of farmers! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:http://www.standardmedia.co.ke/mobile/article/2000196235/state-targets-to-raise-sh3b-in-rights-issue-to-rescue-mumias-sugar
Yesterday I watched closely the talk of DP's impromptu visit to MSC. His body language said it all. These guys are not serious. A lot of pessimism. He said they have challenges of rolling out rights issue. And he further reiterated that the government will restructure Mumias. I am suspecting something sinister. He wants to compensate his political cronies by appointing them and giving tenders to their family members in the name of MSC restructuring. or forcing those outside Jubilee coalition to dance government tunes. Tenderpreneurs will reap big to obtain campaign money. The motivating factor is looting and staying in power. I do not see real turnaround at MSC. Just jokers hunting for votes at the detriment of farmers! Not until we stop mixing political expedience and management government owned firms will continue bleeding. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Today its red red red reeed.
Has the factory burned. And who is buying (with what information) ?.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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streetwise wrote:Today its red red red reeed.
Has the factory burned. And who is buying (with what information) ?. It seems this stock has died therefore will never wake up again till 2019. KPMG report was very bold when it asserted that it will take MSC 4years to return to profitability. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:streetwise wrote:Today its red red red reeed.
Has the factory burned. And who is buying (with what information) ?. It seems this stock has died therefore will never wake up again till 2019. Last year's KPMG report was very bold when it asserted that it will take MSC 4years to return to profitability. http://www.nation.co.ke/.../-/6a8wxxz/-/index.html
This stock has opened floodgates to the abyss! Strong PPT will show up @ sub 1 bob. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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