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MSC Board is a Big Joke.
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selah
#1 Posted : Friday, April 04, 2014 10:46:13 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I have been following the decision of the board for sometime and am perturbed by how unprofessional this board is.

During the Kidero reign they kept quite as he sunk the company with debts and Myopic strategies that made farmers view the company as a predator rather than a business partner.

Now they have sent home a CEO and a commercial director who have been instrumental in transforming the company and replaced them with a non executive director.

It is quite shocking that The farmers who had shown confidence with the New CEO and his restructured team have now to revert back to a board member who has been a non executive director....with no day to day running experience of the company.

A non-executive director taking charge of a company that is facing one of its worst periods in terms of competition is a big joke even if it was for One Month.






'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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mwekez@ji
#2 Posted : Friday, April 04, 2014 11:41:46 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Something is not right here. The board also seems to have been corrupted by the political forces

Reading: Six MPs back removal of Mumias Sugar boss http://www.the-star.co.ke/news/...emoval-mumias-sugar-boss
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streetwise
#3 Posted : Friday, April 04, 2014 3:01:35 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If this is the same board which has been there all along and since the CEOs have changed many times its time for the board to goooooo!!!!
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streetwise
#4 Posted : Friday, April 04, 2014 3:03:55 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If this is the same board which has been there all along and since the CEOs have changed many times its time for the board to goooooo!!!!
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CASHFLOW202
#5 Posted : Friday, April 04, 2014 5:08:12 PM
Rank: New-farer


Joined: 4/6/2013
Posts: 95
A repeat of pan paper confusion is eminent.
Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
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jawgey
#6 Posted : Friday, April 04, 2014 7:00:07 PM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Too much politricks going on here .. Sad
Seeing is believing
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Njung'e
#7 Posted : Saturday, April 05, 2014 12:44:02 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Selah,
It can't be the same board as we all know they have a new chair and two more new board members....As of the former team,they weren't the angels you would want everybody to believe.Part of the mischief as to why they were suspended might be due suspicion in involvement in importation of sugar via UAE and branding the same using MSC look alike packaging material....to be honest,i actually foresee a quick turnaround with the new team.That,i am confident.Can we compare notes on the share price between June 1st and June 15th this year?
Nothing great was ever achieved without enthusiasm.
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Realtreaty
#8 Posted : Monday, April 07, 2014 10:26:22 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Mumias is the least stock as of now.It has been beaten by Paka, olympia and express Kenya.
if it has over 50%market share then its stock price should be in the range of 40 Ksh!
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jawgey
#9 Posted : Monday, April 07, 2014 11:22:41 AM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Realtreaty wrote:
Mumias is the least stock as of now.It has been beaten by Paka, olympia and express Kenya.
if it has over 50%market share then its stock price should be in the range of 40 Ksh!

That should show you how this counter has potential if only the management got some issues right..
Seeing is believing
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streetwise
#10 Posted : Monday, April 07, 2014 11:51:25 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
40 bob..ajaa let me call my broker.
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HaMaina
#11 Posted : Monday, June 09, 2014 10:05:35 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 911
I thought Mumias would have given some feedback on the outcome of their investigation by now. 2 months I believe ended last week 02nd June. Does anyone know anything?
Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad
“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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stock.enigma
#12 Posted : Monday, June 09, 2014 10:51:40 AM
Rank: Member


Joined: 8/14/2009
Posts: 244
Njung'e wrote:
@Selah,
It can't be the same board as we all know they have a new chair and two more new board members....As of the former team,they weren't the angels you would want everybody to believe.Part of the mischief as to why they were suspended might be due suspicion in involvement in importation of sugar via UAE and branding the same using MSC look alike packaging material....to be honest,i actually foresee a quick turnaround with the new team.That,i am confident.Can we compare notes on the share price between June 1st and June 15th this year?


@Njunge, I want us to compare notes now while in the same time range of 1st to 15th June. What has changed?
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streetwise
#13 Posted : Monday, June 09, 2014 12:35:53 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
when do they announce their results , thought is about now. This will tell us if there is hope
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stock.enigma
#14 Posted : Monday, June 09, 2014 1:25:31 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
streetwise wrote:
when do they announce their results , thought is about now. This will tell us if there is hope


End year is 30th June. Results around end of Oct. @Njunge is still quite. Its now at 2.9 and heading south.
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mawinder
#15 Posted : Monday, June 09, 2014 1:40:28 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
Pamela Lutta aka Mrs.Nairobi governor confirmed as Commercial Director,Murgor sacked.
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streetwise
#16 Posted : Monday, June 09, 2014 2:02:22 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Ati nani
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Realtreaty
#17 Posted : Monday, June 09, 2014 4:35:34 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
At this price I still wonder what mumias land is worth leave alone the industry and its inventory.
How much land can Mumias boast as a nuecleous status. If today Mumis was to be sold would its price scale up as the REA?
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Mucene
#18 Posted : Monday, June 09, 2014 10:44:03 PM
Rank: Member


Joined: 8/4/2012
Posts: 155
Location: Kenya
HaMaina wrote:
I thought Mumias would have given some feedback on the outcome of their investigation by now. 2 months I believe ended last week 02nd June. Does anyone know anything?
Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad Sad


http://www.businessdaily...544/-/h9dri/-/index.html
If you don't want to go to plan B have a good plan A.
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streetwise
#19 Posted : Tuesday, June 10, 2014 7:57:57 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
We should see better times with this seriousness
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mkeiy
#20 Posted : Tuesday, June 10, 2014 8:53:08 AM
Rank: Member


Joined: 1/27/2012
Posts: 851
Location: Nairobi
streetwise wrote:
We should see better times with this seriousness



Seems like @Njunge, as always, knew what was cooking.
May he give insights on future expectations.
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