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Mumias Sugar huge demand
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nahdy
#341 Posted : Monday, January 20, 2014 9:42:37 AM
Rank: Member


Joined: 6/29/2006
Posts: 184
mawinder wrote:
I had given the Director of Marketing and Corporate affairs a one week notice to resign which ended on Thursday.I add her one more week or else I will ensure she is sacked by 3rd February.She should have learnt from the former Director of Finance who thought I was an ordinary Kenyan but later left Mumias knowing I am a small powerful man.Ataenda ama ataenda!!!!!!!



I like this... & plz don't add any more time to the notice ...
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Mastermind
#342 Posted : Monday, January 20, 2014 11:22:04 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
Mumias Sugar has opened talks with
local and international banks to help
build a $400 million (Sh34.3 billion)
factory in Tana Delta in August.
www.businessdailyafrica....52/-/ciord0/-/index.html
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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VituVingiSana
#343 Posted : Monday, January 20, 2014 11:34:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,155
Location: Nairobi
Mastermind wrote:
Mumias Sugar has opened talks with
local and international banks to help
build a $400 million (Sh34.3 billion)
factory in Tana Delta in August.
www.businessdailyafrica....52/-/ciord0/-/index.html
At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mastermind
#344 Posted : Monday, January 20, 2014 11:36:18 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
A technical team from the Common
Market for East and Southern Africa
(Comesa) is in the country to assess
Kenya’s progress in making sugar
production more efficient.
The team will evaluate whether
Kenya has fulfilled conditions set by
the bloc before the council of
ministers decides whether or not to
extend restrictions on entry of tax-
free sugar that have been in force
for a decade.
www.businessdailyafrica....2/-/12yk3of/-/index.html
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Cde Monomotapa
#345 Posted : Tuesday, January 21, 2014 12:18:30 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Indresding...
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mwekez@ji
#346 Posted : Tuesday, January 21, 2014 9:07:35 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
Mastermind wrote:
Mumias Sugar has opened talks with
local and international banks to help
build a $400 million (Sh34.3 billion)
factory in Tana Delta in August.
www.businessdailyafrica....52/-/ciord0/-/index.html
At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.


Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;)
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VituVingiSana
#347 Posted : Tuesday, January 21, 2014 9:17:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,155
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:
Mastermind wrote:
Mumias Sugar has opened talks with
local and international banks to help
build a $400 million (Sh34.3 billion)
factory in Tana Delta in August.
www.businessdailyafrica....52/-/ciord0/-/index.html
At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.


Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;)
The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#348 Posted : Tuesday, January 21, 2014 9:29:29 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:
Mastermind wrote:
Mumias Sugar has opened talks with
local and international banks to help
build a $400 million (Sh34.3 billion)
factory in Tana Delta in August.
http://www.businessdailyafrica....52/-/ciord0/-/index.html
At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.


Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;)
The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go.

Those discussions are targeted to be done by June. Thats a time but money will be made. We shall sell the news then, while some will be rushing to buy ;)
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VituVingiSana
#349 Posted : Tuesday, January 21, 2014 9:48:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,155
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:
Mastermind wrote:
Mumias Sugar has opened talks with
local and international banks to help
build a $400 million (Sh34.3 billion)
factory in Tana Delta in August.
http://www.businessdailyafrica....52/-/ciord0/-/index.html
At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.


Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;)
The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go.

Those discussions are targeted to be done by June. Thats a time but money will be made. We shall sell the news then, while some will be rushing to buy ;)
LOL, good luck. I shall wait & watch from the sidelines.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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streetwise
#350 Posted : Tuesday, January 21, 2014 10:01:54 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
And now the counties want to take over Mumias..see nation ( smart business) page 12.
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poundfoolish
#351 Posted : Tuesday, January 21, 2014 11:52:35 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
streetwise wrote:
And now the counties want to take over Mumias..see nation ( smart business) page 12.


They shall be wiped out by COMESA.. at this time it is good to play at the national level..
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hisah
#352 Posted : Tuesday, January 21, 2014 12:32:37 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@aguy - 3rd test of 3.10 and the price bounces refusing to untag the 20day which is riding at 3.45. Are sellers fatigued? If so, bounce targets as per moving averages (50day and 100day) are 4/- and 4.80 respectively. 200day is a distant 6.80/-

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#353 Posted : Tuesday, January 21, 2014 1:15:12 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
@aguy - 3rd test of 3.10 and the price bounces refusing to untag the 20day which is riding at 3.45. Are sellers fatigued? If so, bounce targets as per moving averages (50day and 100day) are 4/- and 4.80 respectively. 200day is a distant 6.80/-



Read those tea leaves for us. I have a good feeling here.
And a true bounce it is. The price refusing to go below 3.10, someone must be on the buy trigger at that range.

@Mwekez@ji. Welcome to my next bus.

"you can't buy whats popular and succeed" Look at NBK today! look at Kenya Re today! you know this well.

peeps avoiding mumias now. check this scenario in 1 year.
Comesa safe guards extended, ground breaking of Tarda in august 2014. returns to profitability. Share price??

The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#354 Posted : Tuesday, January 21, 2014 1:36:00 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
“He (President Kenyatta) said the government will also work with the relevant authorities to ensure that the safeguard on the importation of cheap sugar from the Comesa region is extended,” read part of a statement from State House.

http://www.businessdaily.../-/jsla66z/-/index.html

Africa loves this him, plus he make things go his way. so im seeing an extension.

without extension mumias still benefits, TARDA will come faster, Mergers with the other sugar firms. Kinda of a win win. part owners too
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#355 Posted : Tuesday, January 21, 2014 3:17:24 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:

@Mwekez@ji. Welcome to my next bus.

Asante @Aguy #MakingMoney2014
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brizzy
#356 Posted : Friday, January 24, 2014 11:49:04 AM
Rank: New-farer


Joined: 4/23/2013
Posts: 14
No movement today oooh my
The closer you look the less you see
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MaichBlack
#357 Posted : Friday, January 24, 2014 12:06:18 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,500
I have an order pending at 3.00/=. I'm not adjusting it for now!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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streetwise
#358 Posted : Friday, January 24, 2014 12:15:37 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
For 2 bob my house is on sale..
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Aguytrying
#359 Posted : Friday, January 24, 2014 12:30:03 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Buy now or forever hold your peace
The investor's chief problem - and even his worst enemy - is likely to be himself
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MaichBlack
#360 Posted : Friday, January 24, 2014 12:54:34 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,500
Aguytrying wrote:
Buy now or forever hold your peace

Someone is definitely going to sell to me at 3.00/= by Friday next week!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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