Easy QW. Just because folks are predicting a price below 12 bob doesn't make them haters. As you can see some of us are actively buying and the lower it goes, so much the better. I am betting today's drop is a knee jerk reaction and nerves will steady soon.

That supply is too huge. I'm not betting against you getting some at 11.50 and even lower. But I agree today's drop was a knee jerk reaction. I don't think I'm wrong when I say the Mumias results were not horrible

Tanking out at between 11 and 11.50 is possible but investors have become smarter and for most of those who bought between 2.90 and 12 bob in the last 18 months and with MSC not showing growth signs in the near future,it might be time to move on.This money will however not take off from the market.Just shifting and more likely to find refuge in the financials (KCB,Co-op and EB)....My two Zim dollars.

@qw,
Pole Kaka.In this market,you get screwed and when you shout for help,they respond by holding you down and gagging your mouth.Don't worry though.Dead men don't get screwed

@Njunge what do you mean by "no growth prospects".You have definately not done your reseach.Let me do it for you .Here are some value drivers for Mumias :

• Increase of the co-generation capacity. Currently
the company sells 26 MW to KPLC at a price of Ksh
4.68/kWh which translates to Kshs 1.1 Bn p.a in
revenues; a 7.5% contribution to the gross
revenues.

• Mumias can convert its molasses output into
65,000 litres per day of ethanol. This could go a
long way in countering the ever-rising petroleum
(fuel) prices.

• Taking advantage of the on-going privatization of
most firms in the industry while effectively
implementing on-going projects.

• Continued compliance with all environmental
regulations in addition to introduction of better
sugar farming systems to cut down on production
costs.

• Fast tracking of reforms to implement a payment
system that is based on sucrose content and not
the current weight-based payment system.

• Aggressive marketing for water, by leveraging on
existing distribution network for Sugar likely to
boost the topline, albeit marginally.


That ought to tell you that there's value in this co.For those who want to sell let them sell you are just making it easy for me tog rip big.

i said it would hold at 12.00.learn to read or else you also SHUT-UP !!!!!!!!!!!!!!!!!!!