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Mumias Sugar HY2013/14

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mwekez@ji		#31 Posted : Sunday, February 23, 2014 2:02:35 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		mibbz wrote: guru267 wrote: Book value is still 9bob despite all! Book value of KK is ksh 20 despite all!! Since when were you able to give book value of KK??
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mibbz		#32 Posted : Sunday, February 23, 2014 2:39:56 PM
Rank: Member Joined: 2/18/2011 Posts: 448		mwekez@ji wrote: mibbz wrote: guru267 wrote: Book value is still 9bob despite all! Book value of KK is ksh 20 despite all!! Since when were you able to give of book value of KK?? @Mwekezaji its a pun; had a chat with a friend from the financial division and was amazed at the sort of corporate governance issues they faced/are trying to resolve.Must admit current management is trying to do a good job in reviving the company but its a tall order and i believe the GoK shall still have to pump in more money to rescue this ship esp with the upcoming fund for jump starting manufacturing industry
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mwekez@ji		#33 Posted : Sunday, February 23, 2014 3:22:27 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		mibbz wrote: mwekez@ji wrote: mibbz wrote: guru267 wrote: Book value is still 9bob despite all! Book value of KK is ksh 20 despite all!! Since when were you able to give book value of KK?? @Mwekezaji its a pun; had a chat with a friend from the financial division and was amazed at the sort of corporate governance issues they faced/are trying to resolve.Must admit current management is trying to do a good job in reviving the company but its a tall order and i believe the GoK shall still have to pump in more money to rescue this ship esp with the upcoming fund for jump starting manufacturing industry @mibbz, both MSC and KK are good turnaround plays. Its happening and sooner rather than latter, they will make investors money ... Someone drive MSC to 2 bob and KK to sub 8
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cyruskulei		#34 Posted : Sunday, February 23, 2014 8:51:30 PM
Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya		Forget about this counter. Who is willing to invest hard earned cash in loss making business. I bought it @9 Bob and sold @3 Bob. Thank God the sum invest was small. My opinion, its your money your choices. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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mibbz		#35 Posted : Monday, February 24, 2014 3:24:32 AM
Rank: Member Joined: 2/18/2011 Posts: 448		Update from sterling capital research department: Mumias: posted its HY14 results this morning with some improved margins on its P&L accounts. Revenues for the half year were jumped by 31% on y/y basis to KES 7.13Bn. This was attributed to an increase in the capacity of sugarcane crashed from 552,181tons to 964,883tons from the previous year. Y/y sugar production and sales also improved by 21% and 29% respectively. In addition, the Ethanol segment contributed 448Mn in revenues while the water segment added KES 14Mn to the topline. The co-generation plant felt the impact of insufficient raw materials due to the decline in cane yield affecting resulting in a 46% drop of the plant’s revenues. Despite this, the gross profit margin strengthened to 20.4% from 2.6%.
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streetwise		#36 Posted : Monday, February 24, 2014 8:46:52 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		Ever heard of the saying "Buy when the blood is in the street.."
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jawgey		#37 Posted : Monday, February 24, 2014 9:17:31 AM
Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark		http://www.standardmedia...for-next-phase-of-growth Seeing is believing
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subaru		#38 Posted : Monday, February 24, 2014 9:35:52 AM
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie		i can see some people trying to force mumias at two bob lets see if their wishes will come true
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Cde Monomotapa		#39 Posted : Monday, February 24, 2014 10:19:24 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Teren, teren... COMESA SUMMIT The Deputy President will be representing President Uhuru Kenyatta at the summit that will take place in Kinshasa between February 26 and 27. Two major issues affecting Kenya including COMESA sugar safeguards measures and Non-Tariff barriers will also be discussed at the meeting. http://www.capitalfm.co....-uhuru-at-comesa-summit/
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Aguytrying		#40 Posted : Wednesday, February 26, 2014 2:27:06 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		Silently demand for sugar (mumias) has increased and top gainer every other day, trading over ten times the volumes it used to before H1 results. still people fear comesa. The investor's chief problem - and even his worst enemy - is likely to be himself
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