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Mumias Sugar huge demand
Rank: Veteran Joined: 4/23/2014 Posts: 909
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Mumias replaces MD amid plans to resume operations next monthhttps://www.the-star.co....ons-next-month_c1878707 “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: 10,671 Location: NAIROBI
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It's time we forgot about this company.Resuming operations to crush sugar from where. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/7/2007 Posts: 921
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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I can bet you that by the end of June 2019 5 months from now one of us small be regretting or crying and the other laughing. “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: 12/7/2012 Posts: 11,908
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HaMaina wrote:I can bet you that by the end of June 2019 5 months from now one of us small be regretting or crying and the other laughing.  Last year's books are still being cooked, you can imagine how this will impact current and future 'books' In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Angelica _ann wrote:HaMaina wrote:I can bet you that by the end of June 2019 5 months from now one of us small be regretting or crying and the other laughing. Last year's books are still being cooked, you can imagine how this will impact current and future 'books' For Financial year ended June 30 2018.Other companies are about to release audited results for FY ended December 31 2018 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Ericsson wrote:Angelica _ann wrote:HaMaina wrote:I can bet you that by the end of June 2019 5 months from now one of us small be regretting or crying and the other laughing. Last year's books are still being cooked, you can imagine how this will impact current and future 'books' For Financial year ended June 30 2018.Other companies are about to release audited results for FY ended December 31 2018 The release date was moved to 28th Feb 2019. 6 weeks from now. If I'm wrong then I get fried big time, but if I'm right I'll have a nude swim at the beach. “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: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Angelica _ann wrote:HaMaina wrote:I can bet you that by the end of June 2019 5 months from now one of us small be regretting or crying and the other laughing. Last year's books are still being cooked, you can imagine how this will impact current and future 'books' They put a farmer incharge to please the farmers. Nothing to see here. Just final rites to go Start!
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Rank: Elder Joined: 2/7/2007 Posts: 921
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Angelica _ann wrote:[quote=HaMaina][quote=Njunge][quote=HaMaina][u][b] Last year's books are still being cooked, you can imagine how this will impact current and future 'books' Cook what? There are no ingredients  That's a dead organization.....and oh, that Isaac guy is not a farmer.... Just some beat cop who left the service to become a security supervisor at msc. I can tell you he has zero skills to run a kiosk. @hamaina,if msc makes 10 kgs of sugar within that 5 months period, let me know. I will reward your prophesy handsomely .... Wazuans be my witnesses.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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@HaMaina why are you not living up your signature? You preach water whilst busy drinking wine. Your average buy price of MSC is above kes 5.00 and you're not ashamed posting nonsense here. 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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Spikes wrote:@HaMaina why are you not living your signature? You preach water whilst busy drinking wine. Your average buy price of MSC is above kes 5.00 and you're not ashamed posting nonsense here. Yes I had started buying at 5.05 Ksh, and I'm still buying, my average is currently at around 0.98, My signature is specific, I should be buying now when all the others are not , and selling when all are buying. Ps:- I don't drink fruit juice ( wine), I love my beer. “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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HaMaina wrote:Spikes wrote:@HaMaina why are you not living your signature? You preach water whilst busy drinking wine. Your average buy price of MSC is above kes 5.00 and you're not ashamed posting nonsense here. Yes I had started buying at 5.05 Ksh, and I'm still buying, my average is currently at around 0.98, My signature is specific, I should be buying now when all the others are not , and selling when all are buying. Ps:- I don't drink fruit juice ( wine), I love my beer. If you've brought average buy price to below 1 bob and still buying, truly you're a hero. Hats off for you. Pray for complete resuscitation of MSC to make a killing a decade from now. As for the love of your beer....I'm in love with cryptocurrency(accumulating bitcoin) that I'll sell in a few years from now during global madness of FOMO where you'll be forced to buy from me impulsively. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Mumias plans to layoff 900 employees Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/7/2007 Posts: 921
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Ericsson wrote:Mumias plans to layoff 900 employees 900? From where? There were approx 1800 employees by July 1st,2018.About 1000 of those were on contracts which expired between September and end of December. A further 400 have since left either by absconding, early retirement normal retirement or resignation. I am sure there no more than 400 left on their payroll
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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Njunge wrote:Angelica _ann wrote:[quote=HaMaina][quote=Njunge][quote=HaMaina][u][b] Last year's books are still being cooked, you can imagine how this will impact current and future 'books' Cook what? There are no ingredients That's a dead organization.....and oh, that Isaac guy is not a farmer.... Just some beat cop who left the service to become a security supervisor at msc. I can tell you he has zero skills to run a kiosk. @hamaina,if msc makes 10 kgs of sugar within that 5 months period, let me know. I will reward your prophesy handsomely .... Wazuans be my witnesses. You are merciless! You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: New-farer Joined: 12/23/2018 Posts: 38 Location: germany
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This is new information for me about sugar cases. Thank you for sharing this. I am learning to pick up the right time. I record your information and will research more.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Two Mumias Sugar directors tender their resignations - Daily Nation https://www.nation.co.ke...146788-4205360-gjn0hbz/
“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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Seems this news is not current.🤡🤡 “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: 2/14/2015 Posts: 97 Location: Kenya
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Debt-heavy sugar milling company (Mumias Sugar Company) is set to resume milling on Sunday after after it sold scrap metal to pay part of its huge outstanding electricity bill. A sugar milling company has no sugar to sell to pay electricity ... they have to sell scrap metal. Something terribly wrong. Here is the <<link>> to Business Daily Article.
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Xymalos wrote:Debt-heavy sugar milling company (Mumias Sugar Company) is set to resume milling on Sunday after after it sold scrap metal to pay part of its huge outstanding electricity bill. A sugar milling company has no sugar to sell to pay electricity ... they have to sell scrap metal. Something terribly wrong. Here is the <<link>> to Business Daily Article. Waah. They are now taking over business from street urchins? If Obiero did it, Who Am I?
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