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mumias sugar H1 down 22%
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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profit down 22% H1 things dont add up here. Downward trend continues.
@njunge tell us whats hapening
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Info source? The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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based on the high profits they posted last year, i dont think they would have been able to match that growth. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Bartum, Refer to this; http://www.wazua.co.ke/f...spx?g=posts&m=101767Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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To me its undertandable after the record over 500% last time,they could not match that. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Mmmmh. With the expected drought, mumias shouldn't experience transporting problems this half year.....if that was really the problem.....if comesa wasn't looming over this counter. Id wait for the market to react to this H1 news, drive the share down. Then buy and hold for a year. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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The saviour for MSC will neither come from Co-gen nor Ethanol businesses. Those are minor contribution to the bottomline of the company. MSC will will thrive if they get it right at the Tana river basin. That is the only time they will be a competitor regionally.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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@ pkoli, I share the same sentiments with you. The management should do all they can to get this TARDA thing off the ground. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Pkoli, Co-gen as a stream may not make much money but where i have seen them work well especially in India and Brazil,the word is efficiency.At least MSC should be moving alongside to do away with old steam turbines and opt for VFD drives which are much cheaper to maintain while steam thus goes to power generation.The ethanol plant is not as small a revenue stream but i do agree that TARDA will be the ultimate although on a first come basis,i would wish to see the Ethanol plant going,an acquisition (Nzoia comes to mind) and finally move on to TARDA.My two Zim cents Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@Njungé I told you there was no way they would beat last years profit and i don't think they will be up any time soon.... I'm praying for guys holding this share... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Im i the only one feeling greedy of mumias at current prices and the possibly lower prices to come? Looking at it as an investment for next 2-3yrs. I mean, they are down now, but they will most likely turn their fortunes around. TARDA will become operational, in the near future. They will survive comesa, international sugar prices favouring them now and may do so still in the future. Their future is a bit uncertain, but there's more than a light at the end of the tunnel. Its not another eveready or sameer. Lets see how far it can fall. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Ooops the pharmacies will be full of MSC shareholders today...ULCEEERS...LMAO.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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the deal wrote:Ooops the pharmacies will be full of MSC shareholders today...ULCEEERS...LMAO. My fears about the price going below 9/- are now confirmed faster than anticipated! Even to a contrarian like @deal, you have to let this one bleed for a while longer before attempting to catch the falling knife.
http://www.wazua.co.ke/f...amp;m=123808#post123808
$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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the deal wrote:Ooops the pharmacies will be full of MSC shareholders today...ULCEEERS...LMAO. I sold @3.50 at a loss during the recession. I'll touch MSC at below 5/=. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 8/26/2010 Posts: 124
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Rank: Member Joined: 7/24/2010 Posts: 238 Location: nairobi
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X13united wrote:God have mercy. buy more
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Rank: Member Joined: 7/24/2010 Posts: 238 Location: nairobi
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jerry wrote:the deal wrote:Ooops the pharmacies will be full of MSC shareholders today...ULCEEERS...LMAO. I sold @3.50 at a loss during the recession. I'll touch MSC at below 5/=. Good lesson, you sold when you should have added more.
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Rank: Elder Joined: 12/6/2008 Posts: 3,554
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Just hold your shares, the warning was given early enough, wait, chill, hold!!!. Meru Holiness
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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innovator wrote:jerry wrote:the deal wrote:Ooops the pharmacies will be full of MSC shareholders today...ULCEEERS...LMAO. I sold @3.50 at a loss during the recession. I'll touch MSC at below 5/=. Good lesson, you sold when you should have added more. True The opposite of courage is not cowardice, it's conformity.
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mumias sugar H1 down 22%
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