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Mumias Sugar huge demand
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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When the rain fails the farmer waits for next season. He does not change from being a farmer
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:Boris Boyka wrote:technician wrote:This is my last post, now that am not trading any stock, no need to come back here... I dont want to be like some people who have been here 4 years and counting thinking they are trading eveready only to realize it was really neveready, they bought at 40 and now it is at 2. It has began @sparkly "to many hallo time to..." @hisah leaving blue section. @MaichBlack Burning to recognition is real. Good for his health. The bear is for for lion hearted aka balls of steel esp when you hold shares like Mumias. 2 months as a wazua member and already quitting, the bear is taking its toll The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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technician wrote:HaMaina wrote:
Mess or not, I,m still in this ship. It sinks I,ll navigate the captain the easiest route to hell, if not a cold one by the beach shall have been earned.
Such high hopes, atleast some people believe quils help with erect... disfunction. Personally dont know much about quils, never heard of quils eggs that help with erect... disfunction but your personal quils do, they must be on VIG-RX. Here is an article on the same http://vkool.com/home-remedies-for-impotence/
As for the sugar business, sihami. “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: 2/7/2007 Posts: 11,935 Location: Nairobi
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Since that Odiero arrived,production has risen tenfold. If the trend continues,6 months is all they need to be back to profitability.This makes 1.80 at this point in time,a give away. Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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Njung'e wrote:Since that Odiero arrived,production has risen tenfold. If the trend continues,6 months is all they need to be back to profitability.This makes 1.80 at this point in time,a give away. @Njung'e Impressive on production. How does the current production compare with production peak in better times /earlier years How is their cashflow and servicing of debts, paying farmers currently?
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Rank: Chief Joined: 1/3/2007 Posts: 18,343 Location: Nairobi
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Njung'e wrote:Since that Odiero arrived,production has risen tenfold. If the trend continues,6 months is all they need to be back to profitability.This makes 1.80 at this point in time,a give away. What about the level of debts? Do you think Mumias can make enough to service the debts? Shareholders are the LAST folks to get paid hence the questions. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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VituVingiSana wrote:Njung'e wrote:Since that Odiero arrived,production has risen tenfold. If the trend continues,6 months is all they need to be back to profitability.This makes 1.80 at this point in time,a give away. What about the level of debts? Do you think Mumias can make enough to service the debts? Shareholders are the LAST folks to get paid hence the questions. I am interested in this ten fold especially the figures and the period of this ten fold. Also expound on where the raw material for this ten fold has come from.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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In the month of May this year,they made a paltry 1,700T of sugar. The average now per day has hit above 600T with over 75,000 litres of ethanol every 24 hours. I think the Odiero also abolished the distributors system,closed all warehouses outside the factory and all products are sold from inside their premises. On the raw material,it is no secret cane from their fields/contracted farmers was going to other smaller mills in the region. This has been circumvented by increasing the price per ton cane hence no more poaching. More than 90 % of farmers have been paid with plans to pay cane delivered inside two weeks afoot. El-nino forgiving and as i posted earlier, i foresee a fine run into April next year when they are expected to shut down for major works. Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Your statement read like a financial statement. I wish some one can put this in figures, but for sure this sounds sweet or again. For the stone that the builders reject will become the corner stone.
Can't wait !!! Tomorrow I order a few more
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Heard the dude rejected an allowance of Kshs 350000 which he was to be paid for travelling to Nairobi for 3 days.
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