@deal..just go easy on the rolling stone stuff and work fast but slowly. I've never met U in person but I can tell U r a really hyper dude which is fine socially but when it comes to the biz just work keenly. That's all. I might take ur write ups more seriously thereafter.

Oh yes QW is yet another hyper (reckless even) dude i've never met but u can tell he is keen when it comes to the biz, results aside

My Analysis...on the MSC numbers..

Superb numbers from Mumias Sugar, the results are in line with my expectations, at the prevailing price of Sh6.35, dividend yield comes in around 7.9%, trailing PE is 5 which is quiet cheap. The only drawback from these results are the operating figures, sugar output for the year 2011/2012 remained stagnant at 235K MT (235K 2009/2010), management earlier this year said sugar output will rise to 250K MT during the current financial year therefore I attribute the rise in profits to high global sugar prices. Electricity sales were stagnant at Sh353M (Sh320M 2010) despite an improved deal from Kenya Power, I attribute that to low sugar output.

Read more http://www.contrarianinv...p-by-21-outlook-dim.html

Don't be in a hurry to get the dividend now. Rem the book closure is 4th Nov and definitely there is going to be price swing especially tending south making the dividend yield higher than at the current price. We are in a bear market and you'll be surprised how greed can blinden some of us. Take a look at all the companies that announced good results with handsome dividend of late. The price rose profit takers and salvages did their part and down the share went. The same will happen to mumias sugar. So cash out or salvage out and buy later at a cheaper price

So what do we expect for the CURRENT Financial Year for Mumias?

1) Low cane supplies = low sugar production
2) Low cane supplies = high fixed costs/kg
3) Low cane supplies = no bagasse for electricity production