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Mumias 2011 results
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youcan'tstopusnow
#41 Posted : Friday, August 26, 2011 8:28:46 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
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

And that's how the cookie crumbles
GOD BLESS YOUR LIFE
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Realtreaty
#42 Posted : Friday, August 26, 2011 10:38:03 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
For Sport wrote:
VituVingiSana wrote:
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


will the price of sugar remain fixed?

Pray Trust God and be a business person. We do not know what tommorrow holds but we assume all well. Its like buying a plot in the city centre where demand can increase and value goes up five fold!
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Cde Monomotapa
#43 Posted : Friday, August 26, 2011 10:49:53 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
What's needed here is one last major deviation...a fair discounting of the sugar division and i'm in it for the energy play.
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Cde Monomotapa
#44 Posted : Friday, August 26, 2011 10:52:28 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
What's needed here is one last major deviation...a fair discounting of the sugar division and i'm in it for the energy play.

& the H2O smile
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youcan'tstopusnow
#45 Posted : Friday, August 26, 2011 11:07:56 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Realtreaty, are you calling for divine intervention?smile
Will be interesting to see if Mumias closes past 7 on Monday
GOD BLESS YOUR LIFE
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For Sport
#46 Posted : Friday, August 26, 2011 11:54:38 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Cde Monomotapa wrote:
Cde Monomotapa wrote:
What's needed here is one last major deviation...a fair discounting of the sugar division and i'm in it for the energy play.

& the H2O smile


Ethanol smile
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For Sport
#47 Posted : Friday, August 26, 2011 11:57:23 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Realtreaty wrote:
For Sport wrote:
VituVingiSana wrote:
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


will the price of sugar remain fixed?

Pray Trust God and be a business person. We do not know what tommorrow holds but we assume all well. Its like buying a plot in the city centre where demand can increase and value goes up five fold!


Was just trying to say that when sugar was Kshs. 100 per kg - we bought it. Kshs. 110, 120, 130, 150, 160.....still buying. Problem is its the speculators and not the sugar companies footing the difference.
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VituVingiSana
#48 Posted : Saturday, August 27, 2011 12:59:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
For Sport wrote:
Realtreaty wrote:
For Sport wrote:
VituVingiSana wrote:
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

will the price of sugar remain fixed?

Pray Trust God and be a business person. We do not know what tommorrow holds but we assume all well. Its like buying a plot in the city centre where demand can increase and value goes up five fold!

Was just trying to say that when sugar was Kshs. 100 per kg - we bought it. Kshs. 110, 120, 130, 150, 160.....still buying. Problem is its the speculators and not the sugar companies footing the difference.

What has god(s), ngai, yahweh, allah, krishna to do with the price of sugar? Or the price of mumias shares?
Low production means Mumias has to produce/sell at much higher prices to cover fixed costs & make a profit.
I have a feeling the constantly higher prices at retail are not accruing to mumias.

The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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For Sport
#49 Posted : Saturday, August 27, 2011 3:20:49 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
VVS wrote:
...The only 'hope' I see is if we get steady rains all throughout the remainder of the year. Not floods. Steady rains.


We'll pray to God for the rains then..
(So God does have something to do with the price of sugar).
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Realtreaty
#50 Posted : Saturday, August 27, 2011 10:46:16 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
youcan'tstopusnow wrote:
Realtreaty, are you calling for divine intervention?smile
Will be interesting to see if Mumias closes past 7 on Monday

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Mumias has splitted its shares twice, remember mumias was always between 30 and 40 bob. So its easy for it to go back to these highs and have a third split. Mumias has its own millionares who are laughing all the way to the bank. It clcked 15 bob this year and might go back there since no dilution!
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