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Mumias out; Kabras in

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Chaka		#11 Posted : Tuesday, October 26, 2010 1:21:29 PM
Rank: Elder Joined: 2/16/2007 Posts: 2,114		@Mukiha, May be the sugar was bleached? Can someone tell me why MSC does not produce industrial sugar such as the one used to sweeten coke?Coca-cola would be a ready market..?
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Njung'e		#12 Posted : Tuesday, October 26, 2010 1:28:20 PM
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi		@Chaka, Our archaic laws...ABK!!.All sugar companies in Kenya have licenses for mill white sugar. Nothing great was ever achieved without enthusiasm.
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Sober		#13 Posted : Tuesday, October 26, 2010 3:32:36 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		how big is kabras as compared to MUMIAS. the figures speak for themselves. even the other sugar miller that are not 'peforming (nzoia, chemilil, miwani etc) are far much more than it 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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VituVingiSana		#14 Posted : Tuesday, October 26, 2010 5:13:06 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi		Equity was small 10 years ago... So don't write off West Kenya... Perhaps they should 'merge' with Butali to become the most efficient sugar miller... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#15 Posted : Sunday, August 30, 2015 7:09:55 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi		guru267 wrote: VituVingiSana wrote: West Kenya Sugar is PRIVATELY owned & the most profitable sugar miller in Kenya [I need to find the source]... When I say profitable... I mean highest margins... Mumias is much larger but West Kenya is expected to be a strong bidder for the assets/farms/millers for sale... @VVS do you honestly think anyone will outbid Mumias for government assets... I mean this west sugar your saying probably doesn't even make 200million in profit... So no matter How good their margins are the bigger i don't see them touching anything Mumias sets its eyes on As we come up to the 5-year anniversary of this post. Yes, @guru267, I honestly thought West Kenya can outbid Mumias for GoK assets. Yes, @guru267, West Kenya can touch anything Mumias has set its eyes on. Yes, @guru267, a profit of 200mn is better than a loss of 3bn. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#16 Posted : Sunday, August 30, 2015 7:11:47 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi		Njung'e wrote: @Mukiha, The price per kg??.....Anyway,they produce a fraction of what MSC does (Less than 7 tonnes per day compared to MSC's 900 tonnes a day).....and watch out!You might be buying a product made from stolen raw materials....lol 5 years down the line. @njunge What's West Kenya's production now? What's Mumias production now? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Njung'e		#17 Posted : Monday, August 31, 2015 9:21:04 AM
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi		VituVingiSana wrote: Njung'e wrote: @Mukiha, The price per kg??.....Anyway,they produce a fraction of what MSC does (Less than 7 tonnes per day compared to MSC's 900 tonnes a day).....and watch out!You might be buying a product made from stolen raw materials....lol 5 years down the line. @njunge What's West Kenya's production now? What's Mumias production now? Small and they have no cane of their own .Most of their sugar is imported and re-packaged within their premises.Makora business if you know those Karasingas.They joined the race with criminal minds but i can tell their time is up. MSC may not be doing well,but trust me,they are at the beginning of a fine nice run going into the next two years. What did i just say? Nothing great was ever achieved without enthusiasm.
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VituVingiSana		#18 Posted : Monday, August 31, 2015 9:51:49 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi		Njung'e wrote: VituVingiSana wrote: Njung'e wrote: @Mukiha, The price per kg??.....Anyway,they produce a fraction of what MSC does (Less than 7 tonnes per day compared to MSC's 900 tonnes a day).....and watch out!You might be buying a product made from stolen raw materials....lol 5 years down the line. @njunge What's West Kenya's production now? What's Mumias production now? Small and they have no cane of their own .Most of their sugar is imported and re-packaged within their premises.Makora business if you know those Karasingas.They joined the race with criminal minds but i can tell their time is up. MSC may not be doing well,but trust me,they are at the beginning of a fine nice run going into the next two years. What did i just say? I can't see Mumias as an investment. Not yet. I look at Mumias, NBK, KQ, Uchumi from a MINORITY SHAREHOLDER's perspective and I can't see value as a long-term investor. KK disappointed me in 2012 but there was no 'bailout' and imposition of managers or politics. I do not think bailouts for any of these businesses will benefit me [minority shareholder] in the long term compared to other opportunities eg Unga, KK, Equity. Back to Mumias. David Ndii said that the current model [smallholder] is doomed for sugarcane. An article in yesterday's Nation quoted an 'expert' who said smallholder cane cultivation wouldn't work i.e. not competitive to plantations. Do you think the Minority Shareholder will benefit from the turnaround? Why the 2 years? What's different this time? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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