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What does this mean for Mumias Sugar Company?
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Found this at bloomberg, http://www.bloomberg.com...usiness-daily-says.html
That this mean, diabetics like me should buy MSC shares now, to recover insulin expenses? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hahaha...kitu kama hiyo. But I do not see why the panic coz these Co.s close for maintainance annually but they ensure they have adequate stocks to supply during the interim period.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Haiya?! I thought Nakumatt bought out Woolmart or which Woolmart is this? Nkt!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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The only disadvantage is that the beneficiaries are the Sugar BROKERS (Middlemen) who are hiking the prices, not the Sugar Companies themselves! I stand to be corrected! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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dunkang wrote:The only disadvantage is that the beneficiaries are the Sugar BROKERS (Middlemen) who are hiking the prices, not the Sugar Companies themselves!
I stand to be corrected! U make a very valid point there coz I highly doubt the millers would go on routine maintance without adequate stock piles.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Normal routine maintanance btwn MSC has not complained of any stock shortages.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Cde Monomotapa wrote:
U make a very valid point there coz I highly doubt the millers would go on routine maintance without adequate stock piles.
Does it make business sense to stock simply because you'll be off production??......Fishcake!...Sugar companies do not stock. Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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My two cents: factories routinely close for maintenance, which is schedule. If Mumias knew ab-initio that they'll close for 1 month, then they produce for 11 month enough to cover the one month down time. That should never reflect on retail side.. "..I am because we are. "― Ubuntu, Umtu,
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Njung'e wrote:Cde Monomotapa wrote:
U make a very valid point there coz I highly doubt the millers would go on routine maintance without adequate stock piles.
Does it make business sense to stock simply because you'll be off production??......Fishcake!...Sugar companies do not stock. Ok.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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If you know what you are doing you can make yourself alot of money @ the NSE, clearly most of retail investors just gamble aided by the mediocre Business Daily, not necessarily saying the media is not always right.
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Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi
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http://www.africancapita...%80%9Cby-june%E2%80%9D/
What happened? "I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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Genghis Khan wrote:http://www.africancapitalmarketsnews.com/338/nse-to-launch-commodity-exchange-%E2%80%9Cby-june%E2%80%9D/
What happened? "... some sceptics, [.]say the policy framework is not ready and the project is being rushed after the great success of the nextdoor Ethiopian Commodity Exchange (www.ecx.com.et). It cites Mr Daniel Mbithi, the secretary of the Kenya Coffee Planters and Traders (KCPT) association which runs Nairobi Coffee Exchange: “We do not have the necessary legal framework for this market. The current sense of urgency is merely the product of recent reports that a similar market has been established in neighbouring Ethiopia,” he said." The sceptics were right.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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For Sport wrote:Genghis Khan wrote:http://www.africancapitalmarketsnews.com/338/nse-to-launch-commodity-exchange-%E2%80%9Cby-june%E2%80%9D/
What happened? "... some sceptics, [.]say the policy framework is not ready and the project is being rushed after the great success of the nextdoor Ethiopian Commodity Exchange (www.ecx.com.et). It cites Mr Daniel Mbithi, the secretary of the Kenya Coffee Planters and Traders (KCPT) association which runs Nairobi Coffee Exchange: “We do not have the necessary legal framework for this market. The current sense of urgency is merely the product of recent reports that a similar market has been established in neighbouring Ethiopia,” he said." The sceptics were right. All talk No Action...its a cancer in Kenya 
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Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi
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For Sport wrote:Genghis Khan wrote:http://www.africancapitalmarketsnews.com/338/nse-to-launch-commodity-exchange-%E2%80%9Cby-june%E2%80%9D/
What happened? "... some sceptics, [.]say the policy framework is not ready and the project is being rushed after the great success of the nextdoor Ethiopian Commodity Exchange (www.ecx.com.et). It cites Mr Daniel Mbithi, the secretary of the Kenya Coffee Planters and Traders (KCPT) association which runs Nairobi Coffee Exchange: “We do not have the necessary legal framework for this market. The current sense of urgency is merely the product of recent reports that a similar market has been established in neighbouring Ethiopia,” he said." The sceptics were right. I think the sceptics were wrong... We can obviously just copy-paste this "legal framework" thing and tweak it as we go along... I think its just the lack of someone keen in the drivers seat...  ... isn't there money to be made? Where did jimnah Mbaru go? "I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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@ Genghis Khan
yes there is money to be made. However, in most cases, the law follows business. Businessmen get in the mud, chart a path...and then the law follows to regulate their activities and facilitate their business. Case in point - MPESA. Remember all those arguments about whether they were offering banking services without proper licencing / regulation by the CBK?
Thinking about agricultural crops in this country, again I think its business that should chart the path. Already in practice, their are aspects of investing, trading or speculation on futures - like in mwea where brokers book the crop as it is being planted.
It may be easy enough to cut and paste the Ethiopian legislation you're referring to but I wonder which investor in their right mind would want to draw up contracts for certain overpoliticized (is that even a word) crops in this country. You hear about maize scandals, sugar scandals etc but never about rice scandals or millet scandals. i would not sit down with a farmer to draw up a contract to buy his harvest this year in November because come that month, some Minister will open his mouth to announce measures that will mess up my contract. (e.g. flood the country with cheap imports).
Having the law in place will be nice....but only if people are engaged in that business.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Nzoia and MSC annual stops deffered for another week to help stabilise sugar shelf prices....I doubt it will work.Good thing though is that Nzoia has agreed to sell cane to MSC for the remainder upto stoppage and this should up the annual target...248 K MT of sugar possible......and this brings to fore what i always believe and i wish politicians from Western Kenya were wise enough.They would lobby for Nzoia takeover by MSC without neccessarily going to the tendering process (Competitive bidding).This would ensure continuty since MSC has the money and management capabilities,while Nzoia has the land and outgrowers....This would benefit Western Kenya a lot...but then....!! Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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What does this mean for Mumias Sugar Company?  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Njung'e, when is he retiring? Or he'll be doubling up the jobs? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@YCSUN, is this for real? Kidero wants to set up "shop" in Nai?
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwanahisa wrote:@YCSUN, is this for real? Kidero wants to set up "shop" in Nai? Yep. Seeing is believing, ain't it? Plus I've heard it discussed in Wazua before that he is interested in entering politics... GOD BLESS YOUR LIFE
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