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Mumias 1st half down 73%
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Mainat
#1 Posted : Tuesday, June 16, 2009 4:08:00 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Here is the article. http://www.guardian.co.u...ss/feedarticle/8560916. Please also note the comment about cogenaration-I don't expect any upside from this for a while...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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eli
#2 Posted : Tuesday, June 16, 2009 4:20:00 PM
Rank: Member

Joined: 6/17/2008
Posts: 294
am waiting for it at 4bob!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
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VituVingiSana
#3 Posted : Tuesday, June 16, 2009 5:03:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
MainaT: I expect a better 2H for Mumias. Of course,that is not saying much!

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mainat
#4 Posted : Tuesday, June 16, 2009 7:50:00 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Vitu-why,because the CFO said so? Let me reiterate,the capital MSC spent on the co-generation has to be written down or off. Via the P&L.
But if you are a trader,Ksh4.80 offers some good upside.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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Njunge
#5 Posted : Wednesday, June 17, 2009 5:33:00 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Mainat,

I almost fell off my chair.That CFO must be a very ignorant fellow.Why would you want to cool a steam plant with high quality water....???.or why cool it in the first place ??..That's besides the point anyway.The second half will disappoint and that is a fact since no much generation has been done since commissioning.I will still stick to my earlier thinking.Any tangible benefits from the cogen plant can only be realised in the first half of next financial year.For those who bought at shs 2.60 maybe it's time to take your money and wait it again at just about the same price...



Yombo dhier....!!
Nothing great was ever achieved without enthusiasm.
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Impunity
#6 Posted : Wednesday, June 17, 2009 5:40:00 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
ENjung'e......at what stockmarket was MSC trading at 2.60?Probably ASE (Afghan Stock Exchange).I cant remember MSC ever trading that low in the past decade.I stand to be corrected though.


Which is more dirty,the pig or Kenyan mp?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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jammo
#7 Posted : Wednesday, June 17, 2009 5:47:00 AM
Rank: Member

Joined: 2/12/2008
Posts: 345
Impunity....are u sure mumias didn't touch 2.60?..infact a low of 2.40...2.60 bein average price of the day? ..

..if it is not expressly prohibited in law.. DO IT!!!!
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Njunge
#8 Posted : Wednesday, June 17, 2009 6:25:00 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Impunity,

Wooooooieeee..!!......Poor dude..............!!...May be it's the Kaleo lady who has chapatid you...-:)


Yombo dhier....!!
Nothing great was ever achieved without enthusiasm.
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stonemimi
#9 Posted : Wednesday, June 17, 2009 7:16:00 AM
Rank: Member

Joined: 5/16/2009
Posts: 145
Now trading at 4.90 bob and moving north. I am projecting 13 in march 2010. My average is 8 and will stick in there for now.

Happiness is not a right - except for children. You won't be happy if you think too much. The search of happiness is one cause os sorrow.
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VituVingiSana
#10 Posted : Wednesday, June 17, 2009 7:27:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
MainaT: I think the 2H will be better (there were a host of other factors that messed up 1H) but NOT by much...

**** Water production is a BY-PRODUCT of energy generation using steam turbines... steam is almost 100% gaseous water thus as it cools it becomes liquid water... Mumias will spend more distributing & packaging the water than the 'cost' of production...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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