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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Njung'e wrote:The
government shouldn't bail this one without an audit report of the last 10
years.It would shock optimists......coming back?hard decisions....it's
D-Day. You all should listen to the SUGAR DON "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Brace yourselves for even more harder time. According to the Sunday Nation, Mumias "Pepper" Company will retrench half of its work force as part of the recovery plan. Those court cases, compensations, severance pays, etc etc etc. KQ style. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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dunkang wrote:Brace yourselves for even more harder time.
According to the Sunday Nation, Mumias "Pepper" Company will retrench half of its work force as part of the recovery plan.
Those court cases, compensations, severance pays, etc etc etc. KQ style. Might not be so bad, https://www.standardmedi...ith-an-uncertain-future
Lets give them time to sort themselves out. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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HaMaina wrote:dunkang wrote:Brace yourselves for even more harder time.
According to the Sunday Nation, Mumias "Pepper" Company will retrench half of its work force as part of the recovery plan.
Those court cases, compensations, severance pays, etc etc etc. KQ style. Might not be so bad, https://www.standardmedi...ith-an-uncertain-future
Lets give them time to sort themselves out. Mumias will have troubles it seem. Listening to that fellow, he is saying that its a lie they are not retrenching 400 people, but they only need 1,000 employees of the current 1,900. Sema double speak. Or he meant, we are sacking 900, not 400? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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dunkang wrote:HaMaina wrote:dunkang wrote:Brace yourselves for even more harder time.
According to the Sunday Nation, Mumias "Pepper" Company will retrench half of its work force as part of the recovery plan.
Those court cases, compensations, severance pays, etc etc etc. KQ style. Might not be so bad, https://www.standardmedi...ith-an-uncertain-future
Lets give them time to sort themselves out. Mumias will have troubles it seem. Listening to that fellow, he is saying that its a lie they are not retrenching 400 people, but they only need 1,000 employees of the current 1,900. Sema double speak. Or he meant, we are sacking 900, not 400? This was on Friday 12th Sept 2014 on KTN. https://www.youtube.com/watch?v=E4mJr77T2cY
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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Interesting article to read. http://www.businessdaily...2/-/y5jgtjz/-/index.html“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=HaMaina]Interesting article to read. http://www.businessdaily.../-/y5jgtjz/-/index.html[/quote] Compare & contrast. Post #302 Jan. 09 2014 http://www.wazua.co.ke/f...sts&t=19229&p=16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@dunkang called it. A sober piece of journalism: Trouble in Mumias Sugar as workers threaten to sue over restructuring Read more at: http://www.standardmedia...-sue-over-restructuring
The company probably should be thrown under the bus altogether. The stakeholders involved, solutions proposed; it could take a miracle.
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Rank: Member Joined: 2/8/2007 Posts: 808
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Those employees are not exactly thinking beyond the shock of loosing a job. They should be pushing for a competitive package else they could in the longer run end up with nothing kighafla ala pan paper employees. Lakini this sugar issue should be put in the referendum pia. A whole society is being impoverished hivi hivi tukiona through warped policy.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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The KANU-types destroy, others have to rebuild Sehemu ndio nyumba
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Mainat wrote:The KANU-types destroy, others have to rebuild Its got nothing to do with KANU just plain laxity and incompetence by management. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/3/2007 Posts: 18,054 Location: Nairobi
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murchr wrote:Mainat wrote:The KANU-types destroy, others have to rebuild Its got nothing to do with KANU just plain laxity and incompetence by management. And the farmers supported by politicians who want the votes... Vicious cycle that makes consumers suffer.. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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All this talk of sugar is dead yet the products are on the shelves, with a ready market is getting a bit frustrating. The question is when will the government do something about it, time is running out. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Chief Joined: 1/3/2007 Posts: 18,054 Location: Nairobi
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HaMaina wrote:All this talk of sugar is dead yet the products are on the shelves, with a ready market is getting a bit frustrating. The question is when will the government do something about it, time is running out. Relying on the government is a folly in of itself. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Sugar Factories in India closing down due to low global sugar prices http://www.bloomberg.com...-as-losses-increase.html
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Rank: Chief Joined: 1/3/2007 Posts: 18,054 Location: Nairobi
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[quote=the deal]Sugar Factories in India closing down due to low global sugar prices http://www.bloomberg.com...as-losses-increase.html[/quote] Bad news for Mumias as more (cheap) sugar will find its way to Kenya. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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VituVingiSana wrote: Bad news for Mumias as more (cheap) sugar will find its way to Kenya. Problem in India is price control by the government, as per the article (remember Kenya Energy Sector). Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/3/2007 Posts: 18,054 Location: Nairobi
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dunkang wrote:VituVingiSana wrote: Bad news for Mumias as more (cheap) sugar will find its way to Kenya. Problem in India is price control by the government, as per the article (remember Kenya Energy Sector). GoK and GoI want mills to pay a minimum for the sugarcane. And it just adds up... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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VituVingiSana wrote:dunkang wrote:VituVingiSana wrote: Bad news for Mumias as more (cheap) sugar will find its way to Kenya. Problem in India is price control by the government, as per the article (remember Kenya Energy Sector). GoK and GoI want mills to pay a minimum for the sugarcane. And it just adds up... It would be quite reckless if the millers expected anything on a silver platter, for any government if you operate, expect to pay and that should be factored into any budget that they make. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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#56 Posted : Friday, September 12, 2014 [quote=Cde Monomotapa]@Realtreaty Came across some interesting material on Sugar beets. This is by Brit farmers & millers. Beets have their own dynamics. Very interesting Video: Sugar beet campaign under way for 2014 http://www.fwi.co.uk/art...-under-way-for-2014.htm
http://www.fwi.co.uk/art...ace-hefty-price-cut.htm
Also, seems to be a concern of glut by the bigger/global millers, looking to cut production. Points to higher sugar futures going forward. http://www.moneycontrol....raders-say_1174081.html[/quote]
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