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Mumias Sugar huge demand
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dunkang
#271 Posted : Tuesday, August 20, 2013 1:35:53 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
georgegop wrote:
In my opinion,the registration of more sugar millers at a time when comesa is looming is in itself an indication that sugar business is very lucrative. If Mumias puts its house in order then they can go places..

The challenges here are;
- Senseless competition for raw materials, whereby, its reported that some firm are poaching canes that are not ready.

- Corruption within COMESA, where wealthy individuals import sugar from outside the region, then re-export it in the region, e.g. Zambian politicians do this always.

- Inefficient and very very old machineries!
Receive with simplicity everything that happens to you.” ― Rashi

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mwekez@ji
#272 Posted : Tuesday, August 20, 2013 1:50:43 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
dunkang wrote:

The challenges here are;

... Corruption within COMESA, where wealthy individuals import sugar from outside the region, then re-export it in the region, e.g. Zambian politicians do this always.



Opening of the COMESA safeguards will make this worse. How will Mumias then survive?
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dunkang
#273 Posted : Tuesday, August 20, 2013 2:10:59 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mwekez@ji wrote:
dunkang wrote:

The challenges here are;

... Corruption within COMESA, where wealthy individuals import sugar from outside the region, then re-export it in the region, e.g. Zambian politicians do this always.



Opening of the COMESA safeguards will make this worse. How will Mumias then survive?

You remember the saga where zambian trucks were held at Namanga and the Zambians retaliated with duty charges!

http://www.businessdaily...2/-/jv01ck/-/index.html

The only solution for this problem is for Kenya to force an audit so as to establish and set the production capacities of each factory. It does not make sense that TZ imports 25% of its sugar requirement whilst at the same time TZ sugar is flooding Kampala and Kigali! The only states in the COMESA region that truely have excess sugar are Sudan, Swaziland and Malawi according to my internet data based search (but i stand to be corrected).

Most are repackaging/branding Brazilian and South African sugar and selling as theirs.
Receive with simplicity everything that happens to you.” ― Rashi

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mawinder
#274 Posted : Tuesday, August 20, 2013 2:20:14 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
dunkang wrote:
mwekez@ji wrote:
dunkang wrote:

The challenges here are;

... Corruption within COMESA, where wealthy individuals import sugar from outside the region, then re-export it in the region, e.g. Zambian politicians do this always.



Opening of the COMESA safeguards will make this worse. How will Mumias then survive?

You remember the saga where zambian trucks were held at Namanga and the Zambians retaliated with duty charges!

http://www.businessdaily...2/-/jv01ck/-/index.html

The only solution for this problem is for Kenya to force an audit so as to establish and set the production capacities of each factory. It does not make sense that TZ imports 25% of its sugar requirement whilst at the same time TZ sugar is flooding Kampala and Kigali! The only states in the COMESA region that truely have excess sugar are Sudan, Swaziland and Malawi according to my internet data based search (but i stand to be corrected).

Most are repackaging/branding Brazilian and South African sugar and selling as theirs.

True and the countries you have listed have a ready market with the EU and prefer selling there than exporting to fellow COMESA states.
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kollabo
#275 Posted : Tuesday, August 20, 2013 4:11:49 PM
Rank: Veteran

Joined: 2/3/2012
Posts: 1,317
I was at the supermarket yesterday. Mumias 2Kg is 255/- while the kawaida polythene packed is 188/-
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Realtreaty
#276 Posted : Tuesday, August 20, 2013 9:31:58 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
smile Time to make those who bought Mumias at 13 Kes hppy as they may have held for so long (wrong) as they may be getting a 20cts to 35 cts dividend for mumias FY 2012-2013.
mwanahisa wrote:
dunkang wrote:
Now i see you understand the phrase, 'its senseless to give bad news in a hurry'.


@dunkang, I was waiting for thatLaughing out loudly Laughing out loudly . Yes indeed I do understand the phrase. The difference,In the case of MSC, we know for sure that the news will be really dire. In Britam's case, as I have already pointed out they have had an uplift of 4 billion shillings from their main listed equity (pardon the pun). Barring a catastrophic claims experience in H1, I can bet their results will be better than last year's. As for Mumias, we are all praying for its salvationPray Pray .

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georgegop
#277 Posted : Friday, August 23, 2013 12:27:26 PM
Rank: Member

Joined: 8/30/2010
Posts: 183
Location: Migingo
My brokers have been piling pressure on me to sell Mumias. I bought loads of it a while back at 6/= and now they are advising me that its a moribund stock which i should sell to avoid making further losses.
Personally am very reluctant to sell, and still willing to hold on to it as along term thing.
Any advise from the house of Wazua?Sad
Don't Work for Money, Let Money Work for You..
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mypesa
#278 Posted : Tuesday, August 27, 2013 4:54:19 PM
Rank: Member

Joined: 8/14/2007
Posts: 111
still waiting for the roasting day (full yr Results).Trust will not go <3 bob ,otherwise some of us may be admitted to ICU for the losses
Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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King G
#279 Posted : Tuesday, August 27, 2013 8:16:58 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
mypesa wrote:
still waiting for the roasting day (full yr Results).Trust will not go <3 bob ,otherwise some of us may be admitted to ICU for the losses


Still massaging the books. In Africa Traditions bad news is told slowly.
Thieves
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mypesa
#280 Posted : Monday, September 02, 2013 7:37:44 PM
Rank: Member

Joined: 8/14/2007
Posts: 111
So Many Questions Than Answers
No Results till Now
Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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299 Pages«<2627282930>»
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