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Mumias Sugar huge demand
Rank: Veteran Joined: 4/23/2014 Posts: 909
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Another month down, last one of the financial year begins kesho. Still waiting and buying with anything I can spare. “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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HaMaina wrote:Another month down, last one of the financial year begins kesho. Still waiting and buying with anything I can spare. Buy! Buy! Buy!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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FUNKY wrote:https://www.businessdailyafrica.com/economy/Mumias-takeover-bid-illegal-CMA-warns-Oparanya/3946234-5146404-qr2v05z/index.html
I wonder why no one is making a take over bid!! Kakamega people should mobilize funds and buy it off. They are the people with most interest in its success. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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sparkly wrote:FUNKY wrote:https://www.businessdailyafrica.com/economy/Mumias-takeover-bid-illegal-CMA-warns-Oparanya/3946234-5146404-qr2v05z/index.html
I wonder why no one is making a take over bid!! Kakamega people should mobilize funds and buy it off. They are the people with most interest in its success. Kakamega people should form a special purpose vehicle,mobilise funds and takeover Mumias Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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FUNKY wrote:https://www.kahawatungu.com/2019/06/04/raila-kisumu-molasses-sold-jaswant-rai-ksh7-billion/?utm_source=dlvr.it&utm_medium=facebook I thought that molasses plant was bought using the funds collected from farmers and investors in Kisumu ? How can it be sold by an individual. “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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HaMaina wrote:[quote=FUNKY]https://www.kahawatungu.com/2019/06/04/raila-kisumu-molasses-sold-jaswant-rai-ksh7-billion/?utm_source=dlvr.it&utm_medium=facebook [/quote
I thought that molasses plant was bought using the funds collected from farmers and investors in Kisumu ? How can it be sold by an individual. Baba knows. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2008 Posts: 2,702
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HaMaina wrote:FUNKY wrote:https://www.kahawatungu.com/2019/06/04/raila-kisumu-molasses-sold-jaswant-rai-ksh7-billion/?utm_source=dlvr.it&utm_medium=facebook I thought that molasses plant was bought using the funds collected from farmers and investors in Kisumu ? How can it be sold by an individual. Utajua hujui. Have you ever heard Baba say, "Mimi nimesema", "Mimi ninataka" etc? Get any of his recordings and you will only hear him say, "Sisi tunasema", "Sisi tanataka" etc. Baba is not singular, he is plural. Now you know.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Kusadikika wrote:HaMaina wrote:FUNKY wrote:https://www.kahawatungu.com/2019/06/04/raila-kisumu-molasses-sold-jaswant-rai-ksh7-billion/?utm_source=dlvr.it&utm_medium=facebook I thought that molasses plant was bought using the funds collected from farmers and investors in Kisumu ? How can it be sold by an individual. Utajua hujui. Have you ever heard Baba say, "Mimi nimesema", "Mimi ninataka" etc? Get any of his recordings and you will only hear him say, "Sisi tunasema", "Sisi tanataka" etc. Baba is not singular, he is plural. Now you know. In simple words he played his people big time, and unfortunately they had the time to say thank you. Totally unfortunate. “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: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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HaMaina wrote:Kusadikika wrote:HaMaina wrote:FUNKY wrote:https://www.kahawatungu.com/2019/06/04/raila-kisumu-molasses-sold-jaswant-rai-ksh7-billion/?utm_source=dlvr.it&utm_medium=facebook I thought that molasses plant was bought using the funds collected from farmers and investors in Kisumu ? How can it be sold by an individual. Utajua hujui. Have you ever heard Baba say, "Mimi nimesema", "Mimi ninataka" etc? Get any of his recordings and you will only hear him say, "Sisi tunasema", "Sisi tanataka" etc. Baba is not singular, he is plural. Now you know. In simple words he played his people big time, and unfortunately they had the time to say thank you. Totally unfortunate. Politics kenyan style. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 1/15/2019 Posts: 33
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Ericsson, I actually like very much your idea. I would be the first in line to make such investment. I dont think that there are bad companies, there is only extremely bad management without vision to lead properly a company. So, people of Kakamenga would probably do better job from current managers
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:FUNKY wrote:https://www.businessdailyafrica.com/economy/Mumias-takeover-bid-illegal-CMA-warns-Oparanya/3946234-5146404-qr2v05z/index.html
I wonder why no one is making a take over bid!! Kakamega people should mobilize funds and buy it off. They are the people with most interest in its success. Kakamega people should form a special purpose vehicle,mobilise funds and takeover Mumias A market valuation of KShs 612m. Circa KShs 300m is needed to acquire a majority. Outgrowers already hold shares so the amount for majority will be less. Life is short. Live passionately.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Mysteries of Mumias Sugar Factory“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: 4/30/2010 Posts: 1,635
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If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory!
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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FUNKY wrote:If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory! No will to revive. Its profitable for the well connected individuals in government to import sugar than mill locally Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Ericsson wrote:FUNKY wrote:If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory! No will to revive. Its profitable for the well connected individuals in government to import sugar than mill locally That’s why it failed in the first place
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