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Mumias FY 2014
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Akenyan2014 wrote:streetwise wrote:what about the SGR Better talk about SuGaR in this specific post As for Mkonomptupu "Jubilee also had a plan to rescue tourism and we all know how that ended" I am not aware it ended. I still see work in progress. I am here to invest, not to sell Jubilee manifesto You know some people must oppose each and everything Kwani nowadays you cannot have a contra opinion otherwise you are branded to be opposing everything every where? 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: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Akenyan2014 wrote:streetwise wrote:what about the SGR Better talk about SuGaR in this specific post As for Mkonomptupu "Jubilee also had a plan to rescue tourism and we all know how that ended" I am not aware it ended. I still see work in progress. I am here to invest, not to sell Jubilee manifesto You know some people must oppose each and everything Hope is not an investment strategy. investors also bought into TPS serena in the hope of a tourism revival so don't put your hope in politicians. But its okay you can keep getting an increasing share of a shrinking company or invest in something with a future. 1 million invested in mumias at 49 is now worth 39k...ni hayo tu
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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mkonomtupu wrote:Akenyan2014 wrote:streetwise wrote:what about the SGR Better talk about SuGaR in this specific post As for Mkonomptupu "Jubilee also had a plan to rescue tourism and we all know how that ended" I am not aware it ended. I still see work in progress. I am here to invest, not to sell Jubilee manifesto You know some people must oppose each and everything Hope is not an investment strategy. investors also bought into TPS serena in the hope of a tourism revival so don't put your hope in politicians. But its okay you can keep getting an increasing share of a shrinking company or invest in something with a future. 1 million invested in mumias at 49 is now worth 39k...ni hayo tu Good advise indeed. There are many value companies with good returns. I haven't heard any wazuan confess they bought MSC at 49. And I said before valuation based on fundamentals stopped to work here, thus I cannot make a boarding call. But it is difficult not notice egregious price movements eg. 1.3 to 2 gives a cool 47% if you don't get trapped !!!
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Silent prayers for the departing Quote:Sugarcane farmers and unionists have warned that Mumias Sugar Company may not reopen after Christmas despite the miller’s management insisting that it will....Kuspaw secretary-general Francis Wangara said security firms, utility providers and cane transporters, are some of the firms that have since withdrawn their services...“It will be difficult to resume operations, unless the debts are paid. Even if they force their way, the creditors will still bring them down,” he said.“The government should loan the miller cash from the fund. It is surviving by the grace of God,” said Mr Ogendo. http://www.nation.co.ke/.../-/11e2sn3/-/index.html
Quote:You invested in a business, and this business is dead. Let's have the intelligence--let's have the decency--to sign the death certificate, collect the insurance, and invest in something with a future.Lawrence Garfield
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I said the only hope here is sirikal saidia "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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That caught my attention. Not everyone bought the share at 49 so what the worry, in fact as we speak the guy who bought at 1.35 and has sold at 2.00 is home and dry
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Rank: Member Joined: 8/14/2009 Posts: 244
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Akenyan2014 wrote:Yesterday DP at a rally in Turbo mentioned that finally the govt. had devised a rescue plan for MSC. Hiyo ni siasa ya DP. He always has something to say to anybody interested in listening. But for sure, there is nothing.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Trials tomorrow. That's a positive. Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 8/14/2009 Posts: 244
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my brother/sis, they have been reviving pan paper for ages. Don't trust GOK plans. They are purely political.Of course they may attempt a time close to the next general elections. But it may be too late.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mkonomtupu wrote:Akenyan2014 wrote:streetwise wrote:what about the SGR Better talk about SuGaR in this specific post As for Mkonomptupu "Jubilee also had a plan to rescue tourism and we all know how that ended" I am not aware it ended. I still see work in progress. I am here to invest, not to sell Jubilee manifesto You know some people must oppose each and everything Hope is not an investment strategy. investors also bought into TPS serena in the hope of a tourism revival so don't put your hope in politicians. But its okay you can keep getting an increasing share of a shrinking company or invest in something with a future. 1 million invested in mumias at 49 is now worth 39k...ni hayo tu There was a 3:1 bonus so it would be 39k x 3 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Veteran Joined: 4/23/2014 Posts: 911
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Njung'e wrote:Trials tomorrow. That's a positive. Good Morning Njung'e, kindly elaborate on which trials. “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: 4/30/2008 Posts: 6,029
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HaMaina wrote:Njung'e wrote:Trials tomorrow. That's a positive. Good Morning Njung'e, kindly elaborate on which trials. For restarting the factory!!!!!!!
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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mawinder wrote:HaMaina wrote:Njung'e wrote:Trials tomorrow. That's a positive. Good Morning Njung'e, kindly elaborate on which trials. For restarting the factory!!!!!!! Tests on self powering. if they succeed,they will surely show KP the middle finger. Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Njung'e wrote:mawinder wrote:HaMaina wrote:Njung'e wrote:Trials tomorrow. That's a positive. Good Morning Njung'e, kindly elaborate on which trials. For restarting the factory!!!!!!! Tests on self powering. if they succeed,they will surely show KP the middle finger. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Going by the bills I see for domestic use I am sure if a factory can cut off KPLC completely and succeed to be self-reliant they would save a lot of money. Probably 30%. Imagine what this could do for the bottom line.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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streetwise wrote:Going by the bills I see for domestic use I am sure if a factory can cut off KPLC completely and succeed to be self-reliant they would save a lot of money. Probably 30%. Imagine what this could do for the bottom line. Do they still have the power purchase agreement with KPLC for KPLC buying power???? The biggest issue with Mumias is lack of enough cane and useless and clueless management who are thieves!!!!!
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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.....and they did.That's huge.I foresee them trashing that stupid one sided ppa and abandoning power production. Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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