possibility of the stock hitting 16 - 17 bob by july is high i think, considering the year ends june 30

@cnn.

Have you factored in proceeds from the Co-gen plant. Better revenues expected in the 2nd half since 1st half they had a lot of operational challenges. I also thought they received an upward tariff revision a few months ago.

@Njunge

Thanks for your corrections. I think the challenges should be from the factory aspect of the cane. In the 1st half they had some issues with the Co-gen plant which they rectified.

They do not suffer any penalties from the Co-gen plant since the power purchase agreement is based on energy and not plant availability. The more energy they send to the grid the more money they get.

Any how a p/e of 10 is good for Mumias

@Pkoli,
You may need to check your facts once more.The PPA is based on plant availability.
@Jguru,
50Mw next year??...I highly doubt.What i know fo dead is that ethanol production might be possible by Sept 2011.An increase in power production is only possible by two means.modifying the current mills turbines to VF drives and thus conserving on steam....or...increasing the milling capacity and therfore,bagasse output.The second option is most viable but long term while the first one is a factor of efficieny rather than "generation".