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Mumias Sugar HY2013/14
Rank: Member Joined: 7/20/2012 Posts: 141
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Boris Boyka wrote:When these sugar companies collapse they go into receivership & its major creditors bring in their receiver managers so as to milk out what they're owed. just like in cases of muhoroni,miwani e.t.c sijui mahali shareholder huwa. given their debts are in billions?? sijui. As said here in wazua invest in a company that you can visit around,check mood,compare with sector,have facts on ground then make a decision. I remember earlier on in other threads I DEMONISED this farm & gave examples of how Miwani,chemilil,muhoroni sugar companies had similar problems i& died. watu hawakutilia maanani. This MSC could collapse & no one will care for economic impact. webuye panpaper did,kikomi,rivatex among others including the ones above.Cheap imports are available. Cost of production is very high in money&time. imports are cheaper and save time. Totally true. Even politicians from those regions will not care so long as the so called sugar barons "see them"
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I do not think CMA suspends a compnay because of the share price in the market ( this is a willing seller willing buyer market). I think it only does when it sees that the company will surely collapse. I thought Neveready was suposed to be suspended long time and that never happened.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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streetwise wrote:I do not think CMA suspends a compnay because of the share price in the market ( this is a willing seller willing buyer market). I think it only does when it sees that the company will surely collapse. I thought Neveready was supposed to be suspended long time and that never happened. Mumias is selling below it's PAR value of 2/=. Evrdy never went below it's PAR value of 1/=!!! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Going below PAR value has nothing to do with the co but the speculators in the market.
In stead lets say Eready never made as big a loss
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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jerry wrote:streetwise wrote:I do not think CMA suspends a compnay because of the share price in the market ( this is a willing seller willing buyer market). I think it only does when it sees that the company will surely collapse. I thought Neveready was supposed to be suspended long time and that never happened. Mumias is selling below it's PAR value of 2/=. Evrdy never went below it's PAR value of 1/=!!! @jerry - If you scan a number of markets globally you'll find stocks trading below PAR. BSE India had plenty last year.
For MSC I was expecting CMA to have stated something since the auditors report is already done. Quick to suspended CMC, buyouts etc, but asleep here... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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hisah wrote:jerry wrote:streetwise wrote:I do not think CMA suspends a compnay because of the share price in the market ( this is a willing seller willing buyer market). I think it only does when it sees that the company will surely collapse. I thought Neveready was supposed to be suspended long time and that never happened. Mumias is selling below it's PAR value of 2/=. Evrdy never went below it's PAR value of 1/=!!! @jerry - If you scan a number of markets globally you'll find stocks trading below PAR. BSE India had plenty last year.
For MSC I was expecting CMA to have stated something since the auditors report is already done. Quick to suspended CMC, buyouts etc, but asleep here... Does CMA intervene in criminal cases(economic crimes)?
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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who has decided to by all the shares on offer now...
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Rank: Veteran Joined: 4/23/2014 Posts: 911
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News : Normal operations resume at Mumias Sugar Company. http://ntv.nation.co.ke/...t-mumias-sugar-company/
The indirect news with this company is getting boring, I thought they had reported that they would close for 45 days for maintenance? “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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Very curious that someone is some people are buying this share in huge numbers, they know something we don't.
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Rank: Member Joined: 7/20/2012 Posts: 141
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Monkey business at its best. Enter if you have nothing to loose
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The darkest moment presents the greatest opportunity if you have the courage. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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mlennyma wrote:The darkest moment presents the greatest opportunity if you have the courage. I want to sink a huge sum into this. I've already convinced myself that I'm ready to loose that amount. I was meant to buy a motor car with it.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Akenyan2014 wrote:hisah wrote:jerry wrote:streetwise wrote:I do not think CMA suspends a compnay because of the share price in the market ( this is a willing seller willing buyer market). I think it only does when it sees that the company will surely collapse. I thought Neveready was supposed to be suspended long time and that never happened. Mumias is selling below it's PAR value of 2/=. Evrdy never went below it's PAR value of 1/=!!! @jerry - If you scan a number of markets globally you'll find stocks trading below PAR. BSE India had plenty last year.
For MSC I was expecting CMA to have stated something since the auditors report is already done. Quick to suspended CMC, buyouts etc, but asleep here... Does CMA intervene in criminal cases(economic crimes)? What is CMA's function? Being a watchdog so that investors don't get scammed. But investors get scammed anyway, no only in KE, but globally too.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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urstill1 wrote:mlennyma wrote:The darkest moment presents the greatest opportunity if you have the courage. I want to sink a huge sum into this. I've already convinced myself that I'm ready to loose that amount. I was meant to buy a motor car with it. lose. It's worth taking a risk. If you lose the money you will gain the experience or learn a lesson. My biggest question is; Is there cane to be processed after the "45 days normal closure"? The opposite of courage is not cowardice, it's conformity.
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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jerry wrote:urstill1 wrote:mlennyma wrote:The darkest moment presents the greatest opportunity if you have the courage. I want to sink a huge sum into this. I've already convinced myself that I'm ready to loose that amount. I was meant to buy a motor car with it. lose. It's worth taking a risk. If you lose the money you will gain the experience or learn a lesson. My biggest question is; Is there cane to be processed after the "45 days normal closure"? Thanks. The cane issue will be sorted out. The problem has been identified. I believe the management is in the stage of finding solutions. Thereafter, implementation and most probably results will follow. # Who doesn't use sugar? Demand will always increase.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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urstill1 wrote:jerry wrote:urstill1 wrote:mlennyma wrote:The darkest moment presents the greatest opportunity if you have the courage. I want to sink a huge sum into this. I've already convinced myself that I'm ready to loose that amount. I was meant to buy a motor car with it. lose. It's worth taking a risk. If you lose the money you will gain the experience or learn a lesson. My biggest question is; Is there cane to be processed after the "45 days normal closure"? Thanks. The cane issue will be sorted out. The problem has been identified. I believe the management is in the stage of finding solutions. Thereafter, implementation and most probably results will follow. # Who doesn't use sugar? Demand will always increase. Who found the problem?...eerrr...What was the problem if i may??. Don't answer this two questions but you can attempt the next one.What are you smoking over there?  Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Njung'e wrote:urstill1 wrote:jerry wrote:urstill1 wrote:mlennyma wrote:The darkest moment presents the greatest opportunity if you have the courage. I want to sink a huge sum into this. I've already convinced myself that I'm ready to loose that amount. I was meant to buy a motor car with it. lose. It's worth taking a risk. If you lose the money you will gain the experience or learn a lesson. My biggest question is; Is there cane to be processed after the "45 days normal closure"? Thanks. The cane issue will be sorted out. The problem has been identified. I believe the management is in the stage of finding solutions. Thereafter, implementation and most probably results will follow. # Who doesn't use sugar? Demand will always increase. Who found the problem?...eerrr...What was the problem if i may??. Don't answer this two questions but you can attempt the next one.What are you smoking over there? Are you accumulating them???????????????????????? mwekez@ji wrote: Njung'e wrote: Will it go below 3 bob?....Yes! ... and whats your fair valuation of the company? 3 bob and anything below is dirt cheap.I remember posting that at this point i will consider entry although i am yet to make up my mind reasons being that i am looking at the future,both short and medium. In the short,i would say,"Not good enough" as i do not see improvement in terms of production.(Currently standing at less than 67% of installed capacity). In the medium,Tarda might spur. In the long,kila mtu afunge punda wake mahali anapendasmile
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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Njung'e wrote:urstill1 wrote:jerry wrote:urstill1 wrote:mlennyma wrote:The darkest moment presents the greatest opportunity if you have the courage. I want to sink a huge sum into this. I've already convinced myself that I'm ready to loose that amount. I was meant to buy a motor car with it. lose. It's worth taking a risk. If you lose the money you will gain the experience or learn a lesson. My biggest question is; Is there cane to be processed after the "45 days normal closure"? Thanks. The cane issue will be sorted out. The problem has been identified. I believe the management is in the stage of finding solutions. Thereafter, implementation and most probably results will follow. # Who doesn't use sugar? Demand will always increase. Who found the problem?...eerrr...What was the problem if i may??. Don't answer this two questions but you can attempt the next one.What are you smoking over there? Whatever I'm smoking will make me be a case study in the next few years. If I lose, so be it.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Mawinder, sold and shipped out. Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Njung'e wrote:@Mawinder,
sold and shipped out. Congrats, I wonder why some wazuans think it can be revived especially now that farmers are uprooting cane in droves, the few cane that is left is poorly maintained and there is land subdivision which leads to smaller land sizes which are untenable for sugarcane farming.Mumias is a big fraud which has benefited the top management,sugar barons, cane transporters and a few conmen!!!!!!!
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