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HaMaina		#2521 Posted : Monday, March 11, 2019 10:15:14 AM
Rank: Veteran Joined: 4/23/2014 Posts: 909		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: 10,671 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: 909		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: 909		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: 909		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: 909		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: 909		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: 10,671 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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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
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HaMaina		#2532 Posted : Friday, April 05, 2019 10:14:02 AM
Rank: Veteran Joined: 4/23/2014 Posts: 909		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 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
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VituVingiSana		#2533 Posted : Friday, April 05, 2019 10:53:03 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,095 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*
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VituVingiSana		#2534 Posted : Saturday, April 06, 2019 12:09:47 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi		Mumias Sugar accuses rivals of sabotage https://www.businessdail...8666-g0kpknz/index.html "...reduce its bloated workforce from 1,680 to 465" 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." Golf course? Schools? Airstrip? 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" 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." Flushing down good money after bad! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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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" 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." Golf course? Schools? Airstrip? 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" 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." 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.
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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!!!
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VituVingiSana		#2537 Posted : Tuesday, April 09, 2019 12:59:22 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,095 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*
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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! ..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.
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Njunge		#2539 Posted : Wednesday, April 10, 2019 2:28:32 PM
Rank: Elder Joined: 2/7/2007 Posts: 921		https://www.standardmedi...pose-mumias-sugar-assets
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Ebenyo		#2540 Posted : Thursday, April 11, 2019 8:55:54 AM
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 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
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