wazua Thu, Jan 2, 2025
Welcome Guest Search | Active Topics | Log In | Register

Ethanol to rake in Sh1.3bn for Mumias Sugar
Options
Previous Topic · Next Topic
Magigi
#1 Posted : Wednesday, December 02, 2009 6:26:42 AM
Rank: Elder


Joined: 3/31/2008
Posts: 7,081
Location: Kenya
http://www.nation.co.ke/.../-/r70vsiz/-/index.html
...Are we likely to see Mumias Sugar counter start soaring...flying... I have so many share s here which I bought at 14 bob...I have been contemplating selling them but now looks like there is some hope...
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#2 Posted : Wednesday, December 02, 2009 6:31:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,117
Location: Nairobi
The ethanol plant will take 2 years to build & commission (according to the BDA article) & how much of an investment (cash+debt) will that take?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Lech
#3 Posted : Wednesday, December 02, 2009 6:37:17 AM
Rank: Member


Joined: 4/17/2008
Posts: 3
I'm not too hopeful. Bought at 13 with "insider" info concerning the power generation but... Its a wait and see situation for me. they've made an announcement before and it didn't have a significant effect on the share price.
Back to top
 Report Abusive | Report SPAM
uchumi
#4 Posted : Wednesday, December 02, 2009 6:39:20 AM
Rank: Member


Joined: 9/16/2006
Posts: 229
With ethanol ,power generation,tarda, and privatisation of other millers i think its a company to watch

“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Back to top
 Report Abusive | Report SPAM
Magigi
#5 Posted : Wednesday, December 02, 2009 6:40:02 AM
Rank: Elder


Joined: 3/31/2008
Posts: 7,081
Location: Kenya
@Vitumob
...This is one of its many investments. I did not know that Mumias is already selling power to KPLC... I think this is the right step in the right direction. When it comes to fuel, that is where the big money is...
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#6 Posted : Wednesday, December 02, 2009 12:52:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,117
Location: Nairobi
@magigi

Mumias has been selling power to KPLC for 2 years but new plant/turbine (fully commissioned in 2009) at full speed produces 26MW.

Capacity can be expanded to 58MW lakini low demand in Western Kenya esp at night has stymied the expansion. KPLC can only absorb the 'maximum' during the day & 'early' night... This equates to 15-19 hours...

Western Kenya has few large scale industries to use the power at night. Most large scale users are in Nairobi/Central (Thika) area. A few in Nakuru & Eldoret.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
mwanahisa
#7 Posted : Thursday, December 03, 2009 11:07:26 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Hey, it looks like the market has received these news positively. Share price has been inching up. I am actually dissapointed to learn that MSC will only make 1.3 billion shillings from ethanol. I would have expected a lot more. Think about it. How much fuel is consumed countrywide per year - It's in the hundreds of billions - Kenol's turnover for H109 by itself was Kshs 43 billion - most of it being accrued from Kenya. In any case MSC could sell it's ethanol beyond our borders!
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.