..excellent 1st half results...in an environment were 6 months portend extreme probabilities... what are the chances full year will reflect the 500+ % growth??
are the chances solid enough to warrant getting in now considering price has kind of stabilised??

our market tends to react more to huge profit comparisons rather than overall value..so fo traders..i guess it remains a buy for awhile..most longtermers need it to get to 16 to break even..meaning a substantial volume remains held between now and 15Bob..a tidy profit that would be.

put sugar in your tea!

For Speculation purposes it would have paid off for Stocksmaster to wait and exit from Mumias in a few months time at 16 plus bob;
It would have been good ride from 5 Plus to 16 plus bob.

Personally I consider Mumias a junk stock
not witstanding her recent foray into power generation.
It went from 2 for 1 bonus at 16 bob to 3 bob in 2008 and it is gradually climbing back.

With apologies to KQ stock fans, I consider it junk, rising a few years and falling back. It is rising again. This is typical of airline stocks in any market. One negative news can set the stock tumbling to its lows and it takes long to recover.

Is the sugar slowly getting sweeter or is it my sweet tooth?

possibility of the stock hitting 16 - 17 bob by july is high i think, considering the year ends june 30

@cnn.

Have you factored in proceeds from the Co-gen plant. Better revenues expected in the 2nd half since 1st half they had a lot of operational challenges. I also thought they received an upward tariff revision a few months ago.

@Njunge

Thanks for your corrections. I think the challenges should be from the factory aspect of the cane. In the 1st half they had some issues with the Co-gen plant which they rectified.

They do not suffer any penalties from the Co-gen plant since the power purchase agreement is based on energy and not plant availability. The more energy they send to the grid the more money they get.

Any how a p/e of 10 is good for Mumias

@Pkoli,
You may need to check your facts once more.The PPA is based on plant availability.
@Jguru,
50Mw next year??...I highly doubt.What i know fo dead is that ethanol production might be possible by Sept 2011.An increase in power production is only possible by two means.modifying the current mills turbines to VF drives and thus conserving on steam....or...increasing the milling capacity and therfore,bagasse output.The second option is most viable but long term while the first one is a factor of efficieny rather than "generation".