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Mumias Sugar huge demand
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Magnate
#811 Posted : Friday, January 02, 2015 10:03:27 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
Some amazing facts on MSC after the interview with one respected Mr.Otolo MD mumias courtesy of NTV news.

1.Mumias will take approx 18 months to return to profitability after the bail out.

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.

4.MSC is requesting GOK for a 2.5bn bail out,no response from GOK,though there are good signs (aka "we are certain but not sure" #chef).

5.They have resumed production to full throstle.

as heard to the best of my ears..
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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  | | Edit by user: Friday, January 02, 2015 10:11 PM | Reason: Not specified
VituVingiSana
#812 Posted : Friday, January 02, 2015 10:25:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
Magnate wrote:
Some amazing facts on MSC after the interview with one respected Mr.Otolo MD mumias courtesy of NTV news.

1.Mumias will take approx 18 months to return to profitability after the bail out.

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.

4.MSC is requesting GOK for a 2.5bn bail out,no response from GOK,though there are good signs (aka "we are certain but not sure" #chef).

5.They have resumed production to full throstle.

as heard to the best of my ears..

When was the interview? Link?

BTW, what does a 'bailout' mean? Does that mean the GoK cash into Mumias wipes out the existing shareholders' equity?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#813 Posted : Saturday, January 03, 2015 7:31:26 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
streetwise wrote:
The guy knows the share will be one day at 3 bob.

He will nearly double his money.

The theory goes like, its easier to double one bob than to double 100 bob


Easier to lose 1bob than to lose 100 bob.
Life is short. Live passionately.
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sparkly
#814 Posted : Saturday, January 03, 2015 7:43:25 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Magnate wrote:

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.
.


Loans from CBA and Eco Bank to build the 5B ethanol plant. That is where the problem started.

Life is short. Live passionately.
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Aguytrying
#815 Posted : Saturday, January 03, 2015 8:39:05 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
6.5 billion! unserviceable loans. these gava firms will never cease to amaze. let them rebuild so that others can pull it down again in future.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Magnate
#816 Posted : Saturday, January 03, 2015 12:34:02 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
VituVingiSana wrote:
Magnate wrote:
Some amazing facts on MSC after the interview with one respected Mr.Otolo MD mumias courtesy of NTV news.

1.Mumias will take approx 18 months to return to profitability after the bail out.

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.

4.MSC is requesting GOK for a 2.5bn bail out,no response from GOK,though there are good signs (aka "we are certain but not sure" #chef).

5.They have resumed production to full throstle.

as heard to the best of my ears..

When was the interview? Link?
interview aired on 2nd jan 2015 at 9:00pm NTV business news

http://www.standardmedia.co.ke/business/article/2000146412/mumias-sugar-company-seeks-sh2-4b-state-bailout?pageNo=1


BTW, what does a 'bailout' mean? Does that mean the GoK cash into Mumias wipes out the existing shareholders' equity?

No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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  | | Edit by user: Saturday, January 03, 2015 12:35 PM | Reason: Not specified
Magnate
#817 Posted : Saturday, January 03, 2015 12:42:31 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
sparkly wrote:
Magnate wrote:

2.Mumias owes 6 financial institution 6.5Bn which they are unableble to service at the moment.

3.They plan to renegotiate the repayments by either:
a)restructuring the loan repayments to longterm ones
b)negotiating for an year waiver on repayments.
.


Loans from CBA and Eco Bank to build the 5B ethanol plant. That is where the problem started.


add to that the sugar importation deal that went sour according to mr.Otolo.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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VituVingiSana
#818 Posted : Sunday, January 04, 2015 11:10:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
sparkly wrote:
streetwise wrote:
The guy knows the share will be one day at 3 bob.

He will nearly double his money.

The theory goes like, its easier to double one bob than to double 100 bob


Easier to lose 1bob than to lose 100 bob.
Applause Applause Applause You nailed it. The 1 to 2 theory is for speculators but this only works if you can buy cheap & sell expensive... In other words, find a goat to chinja instead of being chinja'd
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#819 Posted : Tuesday, January 06, 2015 10:42:29 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 932
And the prophets of doom continue. If they know who is involved then they should do something about it.

http://weeklycitizennews...d-mumias-sugar-from.html
“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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streetwise
#820 Posted : Tuesday, January 06, 2015 11:13:15 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
OOOH so this is the same guy who has been buying millions of shares at less tha 2 shillings and keeping the price just there
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