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Mumias Sugar HY2013/14
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the deal
#21 Posted : Saturday, February 22, 2014 1:09:22 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
A business which relies on safe guards to survive is a bad business...Mumias is a bad business...which will eventually die...a huge jump in revenues but look at the cash flow statement...its in the red...i thought people buy sugar on cash...u can even see the Ksh500mn bail out from gava helped steady this sinking ship...so to cut the story short...Mumias has cash flow issues...there will be no dividend this year...the interim earnings look even cooked...the EA Portland Cement way....
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  | | Edit by user: Saturday, February 22, 2014 1:10 PM | Reason: Not specified
dunkang
#22 Posted : Saturday, February 22, 2014 3:19:45 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Aguytrying wrote:
@dunkang. Are you in this bus or just cheering us on?

Bought Mumias at 6/- some years ago and forgot about it. Just watching my money disappear!!!!!
Receive with simplicity everything that happens to you.” ― Rashi

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Boris Boyka
#23 Posted : Saturday, February 22, 2014 4:08:56 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
dunkang wrote:
Aguytrying wrote:
@dunkang. Are you in this bus or just cheering us on?

Bought Mumias at 6/- some years ago and forgot about it. Just watching my money disappear!!!!!

Haha hehe @dunkang you should have burnt your fingers at around 4.00 and treat them with other counters that by now could have compensated & given more ROI
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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mibbz
#24 Posted : Saturday, February 22, 2014 6:07:38 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
Allow me to share my Mumias story;as a present to completing high school early 2000s,old man bought me 1000 mumias shares at ksh 9.i had always wanted to own shares and i was over the moon about it.A few years later i dumped the shares at 52 bob.

2nd time round i bought some mumias shares which split and i forgot about them;a year later i re-discovered my 4k mumias shares and immediately disposed them at 25.

It has previously made me a fortune and i have an emotional connection to it but i shall keep off till the buy signal flashes;i dont see how people are still pumping money in a company making loses with the hope comesa shall be lenient;even if they get an extension,what is the company doing to improve its current position? what happened to electricity generation,ethanol,bottled water and dairy business?! whats the solution to cane poaching? what about competitiors from within the country,that factory in kwale that was recently launched.

look at other mumias thread on this forum,investors started buying mumias last year at ksh 3-4 range when britam was ksh 8,pan africa ksh40,centum ksh15....all the best
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  | | Edit by user: Saturday, February 22, 2014 6:11 PM | Reason: Not specified
Hunderwear
#25 Posted : Saturday, February 22, 2014 8:50:48 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
mibbz wrote:
Allow me to share my Mumias story;as a present to completing high school early 2000s,old man bought me 1000 mumias shares at ksh 9.i had always wanted to own shares and i was over the moon about it.A few years later i dumped the shares at 52 bob.

2nd time round i bought some mumias shares which split and i forgot about them;a year later i re-discovered my 4k mumias shares and immediately disposed them at 25.

It has previously made me a fortune and i have an emotional connection to it but i shall keep off till the buy signal flashes;i dont see how people are still pumping money in a company making loses with the hope comesa shall be lenient;even if they get an extension,what is the company doing to improve its current position? what happened to electricity generation,ethanol,bottled water and dairy business?! whats the solution to cane poaching? what about competitiors from within the country,that factory in kwale that was recently launched.

look at other mumias thread on this forum,investors started buying mumias last year at ksh 3-4 range when britam was ksh 8,pan africa ksh40,centum ksh15....all the best


@Mibbz kindly drop me a mail on hunderwear at gmail (dot) com
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guru267
#26 Posted : Sunday, February 23, 2014 8:48:49 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Book value is still 9bob despite all!
Mark 12:29
Deuteronomy 4:16
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Njung'e
#27 Posted : Sunday, February 23, 2014 9:28:08 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Lots of people seem to believe that COMESA is a threat to the Kenyan sugar industry. In the whole of Africa,the only net exporter of sugar is Mauritius......Sugar bought in Brazil,packaged in Swaziland/Malawi then shipped to Kenya in the guise of Comesa is the actual threat.
Nothing great was ever achieved without enthusiasm.
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Boris Boyka
#28 Posted : Sunday, February 23, 2014 10:16:27 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Njung'e wrote:
Lots of people seem to believe that COMESA is a threat to the Kenyan sugar industry. In the whole of Africa,the only net exporter of sugar is Mauritius......Sugar bought in Brazil,packaged in Swaziland/Malawi then shipped to Kenya in the guise of Comesa is the actual threat.

And those to curb the "illegal" sugar import are the importers. @gur267 a value in the book,on the screen,in the bank and in the pocket which is a real value?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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mwekez@ji
#29 Posted : Sunday, February 23, 2014 1:08:41 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
This pessimism is quite good. Drive the counter to 2.00. Preferably this week!!
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mibbz
#30 Posted : Sunday, February 23, 2014 1:31:03 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
guru267 wrote:
Book value is still 9bob despite all!



Book value of KK is ksh 20 despite all!!
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