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Mumias Sugar huge demand
Yliett
#2531 Posted : Thursday, March 28, 2019 7:37:33 AM
Rank: New-farer

Joined: 12/23/2018
Posts: 38
Location: germany
I find that food sector is very good option for portfolio diversification. It is true that sugar price is relatively volatile with respect to supply and demand but I find that its use will never decrease with increase of world population. So, the price can only go up
HaMaina
#2532 Posted : Friday, April 05, 2019 10:14:02 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Sober wrote:
HaMaina wrote:


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 d'oh!


For sure Mumias shall shine, we shall be waiting for your updates.
“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
VituVingiSana
#2533 Posted : Friday, April 05, 2019 10:53:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
KCB 26mn shares 1.72%
Jubilee 18mn shares 1.17%
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#2534 Posted : Saturday, April 06, 2019 12:09:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Mumias Sugar accuses rivals of sabotage
https://www.businessdail...8666-g0kpknz/index.html
"...reduce its bloated workforce from 1,680 to 465" Applause Applause Applause but can they as long as GoK is involved?
"..plans to get rid of their non-core business like the airstrip, golf course, schools and water bottling company as they concentrate on sugar milling." Applause Applause Applause Golf course? Schools? Airstrip? d'oh! d'oh! d'oh!
Probably for the mdosis while it was profitable. Or for Kidero while he laid the groundwork for the looting.
"...plans to commercialise the 2,200 housing units which will go at the market rate" Think Think Think Are these existing housing stock or they want to build houses?

"The miller has in recent years received billions of shillings in bailout from government." d'oh! d'oh! d'oh! Flushing down good money after bad!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Njunge
#2535 Posted : Sunday, April 07, 2019 11:24:56 AM
Rank: Elder

Joined: 2/7/2007
Posts: 921
VituVingiSana wrote:
Mumias Sugar accuses rivals of sabotage
https://www.businessdail...8666-g0kpknz/index.html
"...reduce its bloated workforce from 1,680 to 465" Applause Applause Applause but can they as long as GoK is involved?
"..plans to get rid of their non-core business like the airstrip, golf course, schools and water bottling company as they concentrate on sugar milling." Applause Applause Applause Golf course? Schools? Airstrip? d'oh! d'oh! d'oh!
Probably for the mdosis while it was profitable. Or for Kidero while he laid the groundwork for the looting.
"...plans to commercialise the 2,200 housing units which will go at the market rate" Think Think Think Are these existing housing stock or they want to build houses?

"The miller has in recent years received billions of shillings in bailout from government." d'oh! d'oh! d'oh! Flushing down good money after bad!


Nothing new here. The airstrip has been idle for over 20 years, Booker Academy has been running on it's own since 2008,the houses are in a serious state of disrepair and I can't see what they will do with them, many employees left on their own and so there is no workforce to reduce while the bottling plant stopped production about 4 years ago. In a nutshell, this proposals are nothing but UTTER RUBBISH.
Njunge
#2536 Posted : Sunday, April 07, 2019 11:30:12 AM
Rank: Elder

Joined: 2/7/2007
Posts: 921
The problem with Mumias is raw material. Period!!. Can't see how all the above will improve cane husbandry and its just sad the board comprises of a bunch of idiots who know not what they are doing. Sad!!!
VituVingiSana
#2537 Posted : Tuesday, April 09, 2019 12:59:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Mumias auditor disowns miller’s financial report
https://www.businessdail...62406-kspn1gz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Njunge
#2538 Posted : Tuesday, April 09, 2019 8:15:30 AM
Rank: Elder

Joined: 2/7/2007
Posts: 921
[quote=VituVingiSana]Mumias auditor disowns miller’s financial report
https://www.businessdail...2406-kspn1gz/index.html[/quote]

Same sentiments as mine? What a coincidence! smile..nobody in that organization as of now, knows what to do. Total lack of leadership.
Meanwhile, total debt has risen to kshs 24,722, 121,001. Within the same period, those useless directors took home a cool 38 million for doing nada.
Njunge
#2539 Posted : Wednesday, April 10, 2019 2:28:32 PM
Rank: Elder

Joined: 2/7/2007
Posts: 921
Ebenyo
#2540 Posted : Thursday, April 11, 2019 8:55:54 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Njunge wrote:
https://www.standardmedia.co.ke/business/article/2001320344/uproar-over-plan-to-dispose-mumias-sugar-assets



The directors cannot be trusted with this move.This will lead to massive underhand tactics.
Towards the goal of financial freedom
299 Pages«<252253254255256>»
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