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Sukari Tamu.
Rank: Elder Joined: 6/19/2008 Posts: 4,268
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@mypesa
Even at 7bob.... the thing is still sweet to me. Its the only positive thing in my portfolio.
Experience is what you get when you don't get what you want.
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Rank: Member Joined: 12/13/2006 Posts: 108
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I mean the 1st quarter results. When do they release them?
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Rank: Chief Joined: 1/3/2007 Posts: 18,117 Location: Nairobi
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@mv - Traditionally MSC does not release by Q but H... maybe we will get something this time around? Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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let's push it 7.50...
The turtle always win the race.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@the deal, 14 bob by Feb 2010.....Don't ask me how. Old man about town.... Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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@guka
You advise i add some more gogoyo on my cup? It wont make me diabetic? I will go by your prescription....
Experience is what you get when you don't get what you want.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Wendz, Have you ever met a bee going to the hospital...??....lol.......Anywho,you have the lot you bought at 3 bob Disclaimer: This is not investment advise.Take it at your own risk...-:) Old man about town.... Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 6/3/2006 Posts: 553
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KP&LC Fluctuating demand for power hurts Mumias The thicker the thigh the sweeter the pie. The thicker the thigh the sweeter the pie.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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This is very serious........Mumias is requested to shed while fossil fuel IPPs are allowed to generate......??......This can only be for kickback purposes and it goes to show that some of this IPPs are not in honest business......Oh well then,the fuel levy on our power bills is here to stay. Old man about town.... Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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One more question to ask during the two upcoming AGMs for Njoroge and Kidero. Something does not smell right here as the old man about town has avverred.
On a different note,I am with you Njunge on a significant price rise on Sukari tamu. I anticipate Profits for H1 2010 will be upwards of 400% on H1 2009. That should really create some buzz!
Opportunity calls but few respond.
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Rank: Member Joined: 1/11/2008 Posts: 121
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@ Njung'e spot on....IPPS are not owned by your everyday peers.....Its our dear Mpigs n their proxies....These politicians are screwing the country big time...clear forests....drain dams....create IPP's and milk cash from Kenyans...we seriously need a DICTATOR........ as for sukari tamu...keeps getting sweeter though these folks wanaongeza maji... less is more for Architects only!! Less is more....for Architects only!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,117 Location: Nairobi
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@mwanahisa + Njunge - KPLC has to balance the loads... It is quite technical but pushing power from Mumias to Mombasa may be more expensive then using local (Rabai-based) IPP coz of system losses. Also there is 'load balancing' between sections & interconnections... This cud take an entire book... But there is a case for trying to maximize using Mumias power first... also there is need to develop industries/users in Nyanza/Western to use the Mumias power locally... Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,117 Location: Nairobi
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Bw.kishindo... We have had 2 dictators who screwed us... jomo - stole land like it was going out of fashion! moi - allocated forests like they were poisonous plants! Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@VVS, I may not be in the know about system loses and all that but one thing is clear;.....The difference in prices is so huge to justify this and indeed,if this was to be the case,then we would expect electricity from Turkwell to be much more expensive than that from Mumias (Where are the number crunchers?)........your other suggestion is rosy and won't happen any time soon.......Mumias to become a power vendor?.........It will be a cold day in hell but well,if it ever happens,you and i would laugh all the way to the bank. @Mwanahisa, I agree but don't you think 400% is a little far fetched?. Old man about town.... Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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Has anyone received the Audited Accounts?
To be honest,i wasnt impressed by its performance though there almost double on capital expenditure this year (hopefully they can translate that into profits in future)... From the summary on performance highlights compared to 2008
Sugar Cane Processed (- 11%)
Gross Turnover (-1%)
Sugar Production - (-14%)
Profit after tax - (+24.5%)
Rendement - what is this? (-0.3%)
Earning per share - (+0.26%)
Net cash from operating activities higher than last year.
Income Statement
Revenue - lower
operating income - lower
Cost of sales - higher
Gross profit - lower
Expenses - lower
Profit before Tax - lower
taxation - credit
Profit for the year - higher
Seems our 'profits' this year are only supported by cost cutting and the tax credit. This is not sustainable in the long run especially with all the major capital expenditure in the future to diversify.
Experience is what you get when you don't get what you want.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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@wendz....the earning per share leeped to slightly more than UNITY from last year's figure.Dividend is 4 TIMES more than the sufferingcon offer (same as last year) The Hague...or Local Triburnal ama TJRC. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/3/2007 Posts: 18,117 Location: Nairobi
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@Njunge - Turkwell produces much more than Mumias... also the transmission lines/infrastructure was built to support Turkwell's production... Mumias production is being sent on reinforced lines to Nakuru & Eldoret. I doubt it gets to Nairobi. Of course,unlike 'discrete' goods... you can't 'mark' electrons... My point is that most (larger) industries that run at NIGHT are in Thika or Nairobi or Athi River. For the full (better) use of electricity at night,we need to develop users in Western/Nyanza. Nairobi is better supplied by the (to be developed) RV geothermal plants that produce steady power & can be varied depending on demand. Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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Add 500m for the entire year from stima and expect PBT of 2.6B from the 1.2B. There is nothing wrong with load shedding,everyone is paid for capacity,so Mumias due to the nature of their plant are the easiest to shut- low capacity cost. Hydro is good for keeping costs low,fossil fuel engines have a high capacity cost.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@VVS, I am yet to get your point.The transmission line from MSC to where it connects the national grid is less than 40Kms.Would that still count?secondly,i believe power consumption in Western and Nyanza exceeds MSC capacity by far.Consider the fact that Nzoia,West Kenya,Kibos,Muhoroni,Chemelil and Sony sugar are 24 hour industries and are in this region.(of course there is lifeless Pan Paper mills,Webuye). @sheep, Never say never. @Kausha, Turning off a diesel generator takes a key,depressurising and raising a steam plant is a different ball game.......In all fairness,it is easier to keep the steam plant running than the other way round......and don't mess me up...lol Old man about town.... Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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@Wendz; Full results are out; got mine jana. Interesting note from the Chairman,on p13: 'The court case that had halted the TARDA project was concluded. The board is looking into possibilities of progressing the project' And Kidero says on p21: '...the company is in the process of sourcing funds and partners so that the project can commence' Isn't now a good time to take positions? Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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