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Mumias Sugar huge demand
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Njung'e
#91 Posted : Monday, November 12, 2012 3:23:47 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
VituVingiSana wrote:
http://www.businessdailyafrica.com/Kenya-Power-seeks-new-Aggreko-deal-to-cover-shortfall-/-/539546/1617672/-/fb3gfo/-/index.html

"...unavailability of supplies from Mumias Sugar Company’s co-generation plant (26MW)..."


Cogeneration thrives on bagasse.Ethanol thrives on molasses.Sugar plant thrives on cane.When you have no cane,all the three processes are paralysed.Is it about West Kenya poaching cane from MSC designated areas???......We are made to believe so,but this is all hogwash.....The problem runs deeper.
Nothing great was ever achieved without enthusiasm.
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  | | Edit by user: Monday, November 12, 2012 3:24 PM | Reason: Not specified
mawinder
#92 Posted : Monday, November 12, 2012 3:44:35 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Njunge,seconded.West Kenya has an installed capacity of 2500 tons of cane per day while Mumias has a capacity of 9000 tons of cane per day.West Kenya currently harvests about 500 tons per day from Busia zone an amount which is negligible.Kebati is hiding some details.btw,brace for a sugar shortage,my time to eat well.
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Mukiri
#93 Posted : Thursday, November 29, 2012 10:53:19 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Njung'e wrote:
VituVingiSana wrote:
http://www.businessdailyafrica.com/Kenya-Power-seeks-new-Aggreko-deal-to-cover-shortfall-/-/539546/1617672/-/fb3gfo/-/index.html

"...unavailability of supplies from Mumias Sugar Company’s co-generation plant (26MW)..."


Cogeneration thrives on bagasse.Ethanol thrives on molasses.Sugar plant thrives on cane.When you have no cane,all the three processes are paralysed.Is it about West Kenya poaching cane from MSC designated areas???......We are made to believe so,but this is all hogwash.....The problem runs deeper.


Can this company collapse? Will the government allow it? More bad news in todays DN

Proverbs 19:21
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King G
#94 Posted : Friday, November 30, 2012 10:14:04 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
headed to 3 bob as mzee had predicted!
Thieves
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Sufficiently Philanga....thropic
#95 Posted : Friday, November 30, 2012 10:40:47 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
King G wrote:
headed to 3 bob as mzee had predicted!

Very unpredictable stock this. Better watch from outside!
@SufficientlyP
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S.Mutaga III
#96 Posted : Friday, November 30, 2012 11:02:38 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
Having bought a small chunk at ksh5.55,I will just wait and see.No cutting losses,no averaging down...NOTHING.Patience is a virtue,and incase I am wrong,I hope a greater fool will come around someday.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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ProverB
#97 Posted : Friday, November 30, 2012 11:09:54 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Comatose stock...dump entire lot...speculate on Sameer til mid january..buy back Mumias then.. Better return...less headek..make some money on it.

Sameer has an interim dividend of 25Cts..books close on Feb 5th...at price of 4.10...div yield is 6%.. on interim dividend... smile ..i do not trust meralli..so the stock is extremely a short term thing..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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  | | Edit by user: Friday, November 30, 2012 11:19 AM | Reason: Not specified
VituVingiSana
#98 Posted : Friday, November 30, 2012 11:42:55 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
If it is true that Mumias will do a huge Rights Issue... See KQ as a reference!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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S.Mutaga III
#99 Posted : Friday, November 30, 2012 11:50:19 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
VituVingiSana wrote:
If it is true that Mumias will do a huge Rights Issue... See KQ as a reference!

there are indeed rumours in the street that mumias is plannin on a massive rights issue approximately 15billion to finance tarda project.I dont know how true it is but if it takes place,I will have no option but to sell my small chunk.I cant stand such massive dilution.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Njung'e
#100 Posted : Friday, November 30, 2012 1:45:04 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Mutaga,

Waiting for you down here.It's hard ground and there is nothing to break your fallPray ....I will do with what remains of yousmile
Nothing great was ever achieved without enthusiasm.
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