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Mumias Sugar FY 16/17
Ericsson
#1 Posted : Thursday, November 30, 2017 10:50:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Mumias Sugar net loss widens to Sh6.77bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
wukan
#2 Posted : Thursday, November 30, 2017 1:50:43 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,595
Not worth a comment but all the same wasn't it easier to kill this zombie, strip its assets and start afresh
Ericsson
#3 Posted : Thursday, November 30, 2017 6:02:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Ericsson wrote:
Mumias Sugar net loss widens to Sh6.77bn


Pre Tax Loss Widens by 57% to Sh 9.5 Billion
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#4 Posted : Thursday, November 30, 2017 6:11:55 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,521
Location: nairobi
Ericsson wrote:
Ericsson wrote:
Mumias Sugar net loss widens to Sh6.77bn


Pre Tax Loss Widens by 57% to Sh 9.5 Billion

Officially the biggest loss making listed entity at the moment

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#5 Posted : Thursday, November 30, 2017 6:13:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Ericsson wrote:
Mumias Sugar net loss widens to Sh6.77bn


Pre Tax Loss Widens by 57% to Sh 9.5 Billion

Officially the biggest loss making listed entity at the moment


Laughing out loudly Laughing out loudly Laughing out loudly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
whiteowl
#6 Posted : Thursday, November 30, 2017 7:25:38 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Ericsson wrote:
Mumias Sugar net loss widens to Sh6.77bn


Pre Tax Loss Widens by 57% to Sh 9.5 Billion

Officially the biggest loss making listed entity at the moment


Laughing out loudly Laughing out loudly Laughing out loudly


@Obiero you must be relieved!
obiero
#7 Posted : Thursday, November 30, 2017 7:33:29 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,521
Location: nairobi
whiteowl wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Ericsson wrote:
Mumias Sugar net loss widens to Sh6.77bn


Pre Tax Loss Widens by 57% to Sh 9.5 Billion

Officially the biggest loss making listed entity at the moment


Laughing out loudly Laughing out loudly Laughing out loudly


@Obiero you must be relieved!

Hehe. The ominous title has been taken away.. Though the number of loss making corporates in the country is disturbing MSC, Uchumi, KQ, ARM, FAMILY, SIDIAN, Express, Deacons, Limuru Tea, Nakumatt, HAFR, Portland, Transcentury, ARM, Cables, Kurwitu, UNGA among others.. The list is telling

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Pesa Nane
#8 Posted : Thursday, November 30, 2017 8:56:54 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
obiero
#9 Posted : Thursday, November 30, 2017 10:13:06 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,521
Location: nairobi
Pesa Nane wrote:

A bandia firm with no real future

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#10 Posted : Thursday, November 30, 2017 10:25:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
obiero wrote:
Pesa Nane wrote:

A bandia firm with no real future


Usiongee mbaya even KQ was here.
A KQ style rescue may be crafted
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#11 Posted : Thursday, November 30, 2017 10:33:00 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,521
Location: nairobi
Ericsson wrote:
obiero wrote:
Pesa Nane wrote:

A bandia firm with no real future


Usiongee mbaya even KQ was here.
A KQ style rescue may be crafted

KQ was never a loss making proposition.. It has always had a great business model but was temporarily overrun by crooks. The kind of deal PJT Partners effected for KQ may not easily replicate at MSC, but I wish the company all the best

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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