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HaMaina		#2521 Posted : Monday, March 11, 2019 10:15:14 AM
Rank: Veteran Joined: 4/23/2014 Posts: 931		Sugarcane farmers group wants to be part of key Monday meet https://www.businessdail...17510-j9cepaz/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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Njunge		#2522 Posted : Monday, March 11, 2019 2:03:48 PM
Rank: Elder Joined: 2/7/2007 Posts: 921		Conquestador wrote: Njunge wrote: HaMaina wrote: [quote=Njunge][quote=Angelica _ann][quote=HaMaina][quote=Njunge][quote=HaMaina][u][b] Mumias Sugar Company set to open after agreement with Kenya Power https://ntv.nation.co.ke...9192-10lxhvw/index.html -I see like I shall be having some beers vvery soon. Poor man!!. They had 2800 tonnes of burnt and stale cane which they crushed within 10 hours and then STOPPED!! At current conditions, it would take 96 hours of continuous crushing to get the first KG of sugar out. I still maintain it wont happen this year. The best they can do is to turn whatever juice they got to syrup and then direct it to the ethanol plant.....that will give them an outside chance to make 10 litres of ethanol @Njunge; What prescription would you give to a mad man thinking about acquiring 51% of MSC at no more than 30% upside of current share price? Sinking 700M; then put another 500M and re-jigg the miller and the market; do you see money back in 5 years...mutati mutandi? Overall, they require about 1b to refurbish the plant and possibly a further 3b to Kickstart cane development and streamline transport and harvesting. Other debts are in excess of 6b and you can see how grave the situation is but..... anyone able to overcome local politics of the day and is ready to invest such an amount, would have his money back under 4 years. That, I am sure.
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Ericsson		#2523 Posted : Monday, March 11, 2019 2:31:34 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		Njunge wrote: Conquestador wrote: Njunge wrote: HaMaina wrote: [quote=Njunge][quote=Angelica _ann][quote=HaMaina][quote=Njunge][quote=HaMaina][u][b] Mumias Sugar Company set to open after agreement with Kenya Power https://ntv.nation.co.ke...9192-10lxhvw/index.html -I see like I shall be having some beers vvery soon. Poor man!!. They had 2800 tonnes of burnt and stale cane which they crushed within 10 hours and then STOPPED!! At current conditions, it would take 96 hours of continuous crushing to get the first KG of sugar out. I still maintain it wont happen this year. The best they can do is to turn whatever juice they got to syrup and then direct it to the ethanol plant.....that will give them an outside chance to make 10 litres of ethanol @Njunge; What prescription would you give to a mad man thinking about acquiring 51% of MSC at no more than 30% upside of current share price? Sinking 700M; then put another 500M and re-jigg the miller and the market; do you see money back in 5 years...mutati mutandi? Overall, they require about 1b to refurbish the plant and possibly a further 3b to Kickstart cane development and streamline transport and harvesting. Other debts are in excess of 6b and you can see how grave the situation is but..... anyone able to overcome local politics of the day and is ready to invest such an amount, would have his money back under 4 years. That, I am sure. What about raw material for the plant i.e sugar cane. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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HaMaina		#2524 Posted : Monday, March 11, 2019 2:36:07 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		Raila confirms that the government is reviving the Sugar cane farming and industry. https://www.youtube.com/watch?v=R8rdpbOw6PY “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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HaMaina		#2525 Posted : Friday, March 15, 2019 2:56:13 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		Now that this week has been all gloomy, with poor results ( expected ) but nothing printed in the press in regard to results or planned AGM date, i hope there will be something good next weeek. “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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HaMaina		#2526 Posted : Tuesday, March 19, 2019 4:45:40 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		MSC AGM on 5th April 2019 http://www.mumias-sugar..../media-center/downloads “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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HaMaina		#2527 Posted : Monday, March 25, 2019 10:18:37 AM
Rank: Veteran Joined: 4/23/2014 Posts: 931		Final report on sugar revival this week — Oparanya https://www.the-star.co....al-this-week--oparanya/ “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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Sober		#2528 Posted : Monday, March 25, 2019 3:18:43 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		HaMaina wrote: MSC AGM on 5th April 2019 http://www.mumias-sugar..../media-center/downloads I will be attending.Wait for my updates.I have faith this company will one day turn around, a feeling I've been having ever since the share price was at Ksh 1.35 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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HaMaina		#2529 Posted : Monday, March 25, 2019 3:44:32 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		Sober wrote: HaMaina wrote: MSC AGM on 5th April 2019 http://www.mumias-sugar..../media-center/downloads I will be attending.Wait for my updates.I have faith this company will one day turn around, a feeling I've been having ever since the share price was at Ksh 1.35 Excellent, please confirm when the rights issue will be announced, or the EAGM was just a hoax. Mumias will definitely shock the prophets of doom calling for its closure. “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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Ericsson		#2530 Posted : Monday, March 25, 2019 5:05:30 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		Sober wrote: HaMaina wrote: MSC AGM on 5th April 2019 http://www.mumias-sugar..../media-center/downloads I will be attending.Wait for my updates.I have faith this company will one day turn around, a feeling I've been having ever since the share price was at Ksh 1.35 maybe in another world this will be the way yu desired Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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