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Mumias Sugar HY2013/14
streetwise
#41 Posted : Wednesday, February 26, 2014 2:35:11 PM
Rank: Veteran

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

Joined: 7/22/2009
Posts: 7,858
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.
FUNKY
#43 Posted : Wednesday, February 26, 2014 2:57:08 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Sugar is getting sweeter!!
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..
jawgey
#45 Posted : Wednesday, February 26, 2014 3:00:15 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Na bado.. Like I said, the only way is up!!
Seeing is believing
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'
dunkang
#47 Posted : Thursday, February 27, 2014 8:08:06 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
extension granted for only 1 more year!!!!!!!!!!!!
Only?
Receive with simplicity everything that happens to you.” ― Rashi

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

Joined: 1/3/2007
Posts: 18,355
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
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
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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