@kiz,price increase doesn't translate to extra earnings. Sugar is an elastic good,as price increases,demand falls. The increased amount in the price is most probably cash for the middle man,not MSC.

Jana a sugar transporter told me that last year their trucks had to wait in line for sugar at Mumias (warias were paying kitu kidogo to jump the queue) to pick up sugar.

Leo,there are NO lines. For big buyers,Mumias is hiring trucks to deliver sugar!

Demand is DOWN: Drought. U can't buy unga. Ati,u will buy sukari?

Supply is hampered by militant farmers: The farmers are their worst enemies. The push for higher cane prices which means smugglers are bringing in sugar from other countries.

COMESA: Duty down from 100% to 70%. Sudan,Malawi & Swaziland have excess to sell to Kenyans.

PLUSES:

Electricity Generation: The cost is fixed i.e. free electricity from baggasse (waste product) & one-time cost of generation plant (except upgrades & maintenance) & additional labor costs. Otherwise PURE profit & KPLC will buy everything they can get!

Efficiency: Mumias is the 2nd most efficient firm

BUT... times are tough for Mumias!

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

I am like the xter with the big sniff-nose in Rushdie's Midnight Children. So,I can sniff a ponzi or a conman with a biz deal from 5 miles away,but Mumias! The allure of sweet sugar blinded my unmarched sense of sniffing.

Mumias is faaaaaalling like 'Angel Gabrielle' in Satanic Verses,(Muslims,pls forgive me but to satisfy my intellectual curiosity,I do read indiscriminately) and is thus far - the worst investment decision I ever made,bought at 13 a yr ago,failed to cut losses b4 -15%.

Now am aloof-just-like-Baks and will do nothing as it falls angelically. Only consolation is that I only bought a small qnty. Kumbe sometimes idling is the better deal....!? Ahaaa. Lemme make make a cuppa,this time without sugar - to preserve my sniff-nose!

When buying shares,ask yourself,would you buy the whole company?

Why apologize for reading anything? Satanic Verses is not child porn. Most of the jamaas who were protesting against SV did not even see the book,let alone read it! And those who read it did not even understand it!

A narrow mind is full of hatred. Broaden your mind & the world awaits you!

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

Mumius has to be a bargain for long-termers

They are quite determined to persue the TARDA deal and see it through,if this happens,the company will successfully turn the corner.

About the power deal,any reason why they did not sell directly to KPLC?

Why did they have to sell to KG (read middleman),who adds absolutely no value,marks up the cost,then passes it to KPLC and on to the poor Kenyans!




I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.