As importers suffer with the dollar, sugar will benefit from higher prices for imported sugar, hence an indirect import protections. I hope they make hay while this sun shines

yes mumias sugar at sh400/kg

....Not laughing at you yet coz when i said we would drop,you said buy buy buy.There you are.I haven't retracted what i promised myself.....The low will still be in mid Jan....See you then hoping you will not have joined GGK in making a safe exit to your maker

Njunge, as you well know, many of us do not like betting against you as far as Sugar is concerned. All the same, there appears to be more positives regarding MSC relative to the negatives ATM. Do you have any info on the current production figures?

Whereas we can not discount MSC's share price falling further, MSC swings quite a bit even in a bear market and I for one has been able to make 10-15% on those swings many a time. That means I can be both short and long term at these prices on MSC.

Besides, at a PE of less than 5, Price to Book of less than 1 and a yield approaching 10%, I believe there are worse places to get trapped in.

Thanks Mwanahisa but are you sure you are not overating Guka? .....I am certain there are positives but what i hold is that the first half will not be rosy as we want to paint it.Several issues have conspired against this stock most recent.Weather,poor cane husbandry,planting plannning and of course a few other details,which have already been pointed out here by other Wazuans.My understanding is that production targets (sugar and power) are way off target and matters will not be helped by the fact that annual maintenance for next FY will be held in April 2011 or thereabout.If that happens,then the plant will have had two annual maintenance periods inside one FY.That will cut down production targets by a sizeable margin.

I also understand that the ethanol plant is behind by a whooping 6 months.Whereas production was supposed to start in Sept,this may not be possible until well past April 2012.....Now!

@GGK,

It's a good thing.Low prices can help average down and cut losses.That's if you have the power and the will (Yeah,it's not for the faint hearted... .What you do not understand?...Some of this maintenance are scheduled for specific periods.Unfortunately various other factors,among them,weather,cane fires,farmer's moral and crop can dictate otherwise.....and well,sugar production is that tricky the world over,especially for countries within the tropics.

Projections will be at the start of a FY.3 months down the line,you are hit by El-Nino thus hampering cane transportation and you have to call off operations for 3 months or until the gods turn of the rain taps.Do we still have 11 months?That is just one example of the sugar industry challenges.

@GGK,
I wish i was a sugar baron ....No!A drug baron .I would have bought all those miserables shares and made you and everybody else here happy after and forever.Good day!

@ mwanahisa. I can relate to the price swings that make this a favourable share to trade. And you make a good case (as always). p.e 5, dividend yield of 10%, its really a good investment case. even if it does go lower.

As far as trading is concerned, its safe to do it in a share one has long term ambitions in. Otherwise, im done trading( unless for bonus shares of a long term play). Kengen gave me a sucker punch, still reeling from the effects. At least not in a bear market.