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Mumias FY 2016 story
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: New-farer Joined: 8/19/2015 Posts: 25
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Am i seeing increased loss ama macho yangu ni mbaya?
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Ati, "Tax Income" ... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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The loss has reduced marginally Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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mzitoaggrey wrote:Am i seeing increased loss ama macho yangu ni mbaya? FY Gross loss [1.754422b] vs. [1.660212b] +5.675% No Dividend. KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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CY = Current Year PY = Previous Year  Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Pesa Nane wrote:CY = Current Year PY = Previous Year A positive development under the current management but the staggering debt load will be hard to shed off. Plus the (higher) sale prices achieved are thanks to the restrictions on cheaper imports. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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VituVingiSana wrote:Pesa Nane wrote:CY = Current Year PY = Previous Year A positive development under the current management but the staggering debt load will be hard to shed off. Plus the (higher) sale prices achieved are thanks to the restrictions on cheaper imports. Watching from far  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,532 Location: nairobi
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Afadhali KQ
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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They both suffer the same disease: Gok syndrome. Towards the goal of financial freedom
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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@HaMaina and @Realtreaty not commenting on their beloved mumias shows the bear is still very active KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 4/23/2014 Posts: 910
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mkate_nusu wrote:@HaMaina and @Realtreaty not commenting on their beloved mumias shows the bear is still very active I'm very much around, and still going strong,personally I didnt expect anything new from this counter but then the 2nd quarter is not over yet, let me wait and see.  “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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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@HaMaina I love your optimism. Keep the resilience going . Your faith is powerful bro.  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 2/12/2008 Posts: 1,178
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Pesa Nane wrote:CY = Current Year PY = Previous Year So from 1.2m cane tonnes they only get like 70,000 tonnes worth of sugar? Where are the other byproducts
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Wacha nikae na KenRe Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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He returned. He promised. He earned 2nd time. Now moving on.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Pesa Nane wrote:He returned. He promised. He earned 2nd time. Now moving on. He came,he saw and he was conquared! Towards the goal of financial freedom
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Ebenyo wrote:Pesa Nane wrote:He returned. He promised. He earned 2nd time. Now moving on. He came,he saw and he was conquared! He came saw and tried and failed Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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http://www.businessdaily...13274-7f598z/index.html
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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cyruskulei wrote:http://www.businessdailyafrica.com/corporate/Mumias-Sugar-seeks-CEO-as-Johnston-throws-in-towel/539550-3913274-7f598z/index.html
Good thing with whites is that they don't shy from admitting failure. For blacks, they insist on holding on even when it is apparent, there is nothing to hold on to. So long Johnson  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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