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Mumias Sugar HY2013/14
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streetwise
#41 Posted : Wednesday, February 26, 2014 2:35:11 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
The best company to buy is the mismanaged one so long it finally wakes up..
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MaichBlack
#42 Posted : Wednesday, February 26, 2014 2:41:24 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
streetwise wrote:
Ever heard of the saying "Buy when the blood is in the street.."

Even if the blood is yours!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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FUNKY
#43 Posted : Wednesday, February 26, 2014 2:57:08 PM
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Joined: 4/30/2010
Posts: 1,635
Sugar is getting sweeter!!
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georgegop
#44 Posted : Wednesday, February 26, 2014 2:59:17 PM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
But how sweet can it get??!!Pray
Don't Work for Money, Let Money Work for You..
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jawgey
#45 Posted : Wednesday, February 26, 2014 3:00:15 PM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Na bado.. Like I said, the only way is up!!
Seeing is believing
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poundfoolish
#46 Posted : Wednesday, February 26, 2014 4:28:46 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
using the laws of demand and supply. I think sugar is sweeter because it is in short supply. and this 'short supply' is courtesy of the COMESA safeguard & local companies inefficiencies.

If every Tom dick and harry is allowed to import sugar and the supply is high hence flooding the market. Where will the 'faceless' importers of illegal sugar make their billions?

the industry must be protecte, partly because there are farmers who depend on it and largely because people must 'eat'
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dunkang
#47 Posted : Thursday, February 27, 2014 8:08:06 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
extension granted for only 1 more year!!!!!!!!!!!!
Only?
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#48 Posted : Thursday, February 27, 2014 8:14:47 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
poundfoolish wrote:
using the laws of demand and supply. I think sugar is sweeter because it is in short supply. and this 'short supply' is courtesy of the COMESA safeguard & local companies inefficiencies.

If every Tom dick and harry is allowed to import sugar and the supply is high hence flooding the market. Where will the 'faceless' importers of illegal sugar make their billions?

the industry must be protecte, partly because there are farmers who depend on it and largely because people must 'eat'
Why protect inefficient sugar millers & farmers at the expense of other Kenyans?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#49 Posted : Thursday, February 27, 2014 8:33:52 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
dunkang wrote:
extension granted for only 1 more year!!!!!!!!!!!!
Only?


The trend will continue for a few years. Don't be surprised if they are granted one more extension next year Drool
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poundfoolish
#50 Posted : Thursday, February 27, 2014 9:56:33 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
VituVingiSana wrote:
poundfoolish wrote:
using the laws of demand and supply. I think sugar is sweeter because it is in short supply. and this 'short supply' is courtesy of the COMESA safeguard & local companies inefficiencies.

If every Tom dick and harry is allowed to import sugar and the supply is high hence flooding the market. Where will the 'faceless' importers of illegal sugar make their billions?

the industry must be protecte, partly because there are farmers who depend on it and largely because people must 'eat'
Why protect inefficient sugar millers & farmers at the expense of other Kenyans?


It is not inefficiency per se.. it is the effects of being quasi capitalist, pseudo socialist.. and entirely corrupt.
'Other Kenyans' have shown the ability to buy half a litre of milk at even 100 shillings..

Were it not for Qideronomics expansion strategy..MSC would be posting 2B profits.
I however cannot speak for the other companies.

I see the stock is currently in short supply at the market (NSE).
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FUNKY
#51 Posted : Thursday, February 27, 2014 10:17:55 AM
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Joined: 4/30/2010
Posts: 1,635
Currently no supply at all.
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Jamani
#52 Posted : Thursday, February 27, 2014 10:23:30 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
BIDS 6.92M
Quantity Price Splits Time
458,000 3.55 8 10:15:38
225,600 3.50 5 10:15:38
200,700 3.40 2 10:15:38
206,700 3.35 9 10:15:38
204,700 3.30 20 10:15:38
ASKS -
Quantity Price Splits Time
- - - -
- - - -
- - - -
- - - -
- - - -
TRADES
Quantity Price Time
8,000 3.55 10:15:37
1,000 3.55 10:15:37
50,000 3.55 10:11:59
20,000 3.50 09:33:10
50,000 3.50 09:33:10
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MaichBlack
#53 Posted : Thursday, February 27, 2014 10:30:36 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
FUNKY wrote:
Currently no supply at all.


Post #414

smile smile smile smile smile smile

Drool Drool Drool Drool Drool Drool

MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
I have an order pending at 3.00/=. I'm not adjusting it for now!!!

Hi watu inaleta shida juu ya peni moja!!! Nilidhani peni moja haina maana tena!!!

Haya basi, nime adjust my order price to 3.10/=

My order went through at 3.10/=

Just ordered some more today!!!

I know most wazuans think I'm nuts but I'm not going with the crowd on this one!!!

My next order has just gone through at 3.10/=. Inaonekana hii peni moja ilikuwa inaleta shida.

Made one last order. He he he. Swimming in the Sugar!

Now I sit and wait!!!

Had bought a good chunk of KPLC at 14.00/= but the next order of 14.00/= couldn't be serviced. Upped it to 14.50/= the last couple of days but still couldn't get any. I have just upped it again to 15.00/=

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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poundfoolish
#54 Posted : Thursday, February 27, 2014 10:31:07 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Damn...
No supply at all!! At all!!

This one we shall rip big at Half year...

Hope they keep on the reform agenda and get into TARDA as suggested.
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streetwise
#55 Posted : Thursday, February 27, 2014 11:18:28 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
watu waseme
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mwekez@ji
#56 Posted : Thursday, February 27, 2014 11:23:29 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
smile
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Aguytrying
#57 Posted : Thursday, February 27, 2014 2:23:36 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
poundfoolish wrote:
using the laws of demand and supply. I think sugar is sweeter because it is in short supply. and this 'short supply' is courtesy of the COMESA safeguard & local companies inefficiencies.

If every Tom dick and harry is allowed to import sugar and the supply is high hence flooding the market. Where will the 'faceless' importers of illegal sugar make their billions?

the industry must be protecte, partly because there are farmers who depend on it and largely because people must 'eat'
Why protect inefficient sugar millers & farmers at the expense of other Kenyans?


From the gov view. Its better than dealing with unemployment/ civil unrest for millions in the concerned county
The investor's chief problem - and even his worst enemy - is likely to be himself
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stocksmaster
#58 Posted : Thursday, February 27, 2014 2:44:12 PM
Rank: Member


Joined: 9/26/2006
Posts: 410
Location: CENTRAL PROVINCE
Aguytrying wrote:
VituVingiSana wrote:
poundfoolish wrote:
using the laws of demand and supply. I think sugar is sweeter because it is in short supply. and this 'short supply' is courtesy of the COMESA safeguard & local companies inefficiencies.

If every Tom dick and harry is allowed to import sugar and the supply is high hence flooding the market. Where will the 'faceless' importers of illegal sugar make their billions?

the industry must be protecte, partly because there are farmers who depend on it and largely because people must 'eat'
Why protect inefficient sugar millers & farmers at the expense of other Kenyans?


From the gov view. Its better than dealing with unemployment/ civil unrest for millions in the concerned county


The other COMESA extensions used to be for 3-4 years since 2003. This one is just 12 months.....can Mumias Sugar restructure/grow cheap sugar to be able to compete with imports within one year? The Kenyan sugar is currently over 2 and half times more expensive than Malawian sugar!!

I think the government should let the market forces dictate the price of sugar because the market will force the Kenya Sugar Industry to be competitive or else rely on sugar imports.The Kenyan sugar belt can look for another cash crop which they can produce competitively eg Palm

Happy Hunting.
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georgegop
#59 Posted : Friday, June 20, 2014 3:45:15 PM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
Mumias Sugar shut indefinitely
Don't Work for Money, Let Money Work for You..
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Njung'e
#60 Posted : Friday, June 20, 2014 4:16:50 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
georgegop wrote:
Mumias Sugar shut indefinitely



Not true!
Nothing great was ever achieved without enthusiasm.
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