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Mumias FY 2014
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Of course if the debtors do not ask for their money may be they do not need the 4B.
Initially my understanding was they would offer 2:1 rights.
The alternate is to push the share price up let’s say to kitu 3.50 and the offer the rights at 2.70
Anything is possible.
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Rank: Member Joined: 8/14/2009 Posts: 244
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streetwise wrote:Of course if the debtors do not ask for their money may be they do not need the 4B.
Initially my understanding was they would offer 2:1 rights.
The alternate is to push the share price up let’s say to kitu 3.50 and the offer the rights at 2.70
Anything is possible.
Pushing this share to above ks. 2.50 is unattainable at this point in time.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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mawinder wrote:streetwise wrote:Estate; if they released 3 shares and want to raise 4b shillings then 4 devide by 3.
How about the government's 1b?Is it for shares or is it a loan? Th government would rather put it as a loan and hope that the company recovers and repays them rather than take up more rights in this. From management point of view taking up share is better that treating the 1bn as a loan. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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streetwise wrote:So there will be 2 shares for each 1 held with a discounted price of between 1.3 and 1.5.
This will be like 37.5% discount if not more . Wow.
And the farmers will be encouraged to buy ..I see money coming I will watch this from very far.if good counters are coughing how will a salvage fair? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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Mumias lays off 100 staff at closed water bottling plantProverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The total debt here is enough to set another debt free miller. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:The total debt here is enough to set another debt free miller. even gov is tired of rescuing it. it might be too late for this company The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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Aguytrying wrote:mlennyma wrote:The total debt here is enough to set another debt free miller. even gov is tired of rescuing it. it might be too late for this company How are the other sugar millers doing? is there really potential for turnaround?
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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heri wrote:Aguytrying wrote:mlennyma wrote:The total debt here is enough to set another debt free miller. even gov is tired of rescuing it. it might be too late for this company How are the other sugar millers doing? is there really potential for turnaround? the western sugar farmers cannot sustain constant sugarcane supply at full operational capacity for all millers around year round.make mumias a beer brewer.or make it sole sugar importer in kenya.there can be hope "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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heri wrote:Aguytrying wrote:mlennyma wrote:The total debt here is enough to set another debt free miller. even gov is tired of rescuing it. it might be too late for this company How are the other sugar millers doing? is there really potential for turnaround? the other millers are struggling with billions of debt with some as high as over 30billion "Don't let the fear of losing be greater than the excitement of winning."
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