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Mumias FY 2014
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Cde Monomotapa
#111 Posted : Friday, October 10, 2014 12:00:30 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
selah wrote:
@Cde & dunkang I dont think Mumias woes have to do with the farmers or shortage of sugar as they keep saying.

Most of the problem plagues the company are with the management.

Look at the company's debt management,then look at how they initiated big projects...their planning was flawed...in that 2 huge projects were launched simultaneously.creating a cash crunch that the company is now trying to deal with.

Finally the company farming methods and the inputs given to farmers seems not to have changed with the times...they have not looked into quick maturing varieties....wastage of cane has always been an issue ... and process of farmers dues has also been a concern....

The company needs new blood into its management...but as things stand the performance of this company will continue deteriorating...due to the archaic management style .


http://www.kenyasugar.co...4-15-cane-census-report

http://www.kenyasugar.co...l-june-of-2014-and-2013
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  | | Edit by user: Friday, October 10, 2014 12:25 AM | Reason: Not specified
its2013
#112 Posted : Friday, October 10, 2014 12:46:56 AM
Rank: Member

Joined: 1/4/2013
Posts: 255
Akenyan2014 wrote:
It seems the only challenge is that none of wazuans and stock brokers want to be the first to attach a fair value to this counter. Be prepaired to chase it up there the day this bull will discover fangi

I volunteer: Msc : BUY target value: 9.00


I like your optimism smile
Pretty hurts
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mawinder
#113 Posted : Friday, October 10, 2014 8:30:00 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Akenyan2014 wrote:
It seems the only challenge is that none of wazuans and stock brokers want to be the first to attach a fair value to this counter. Be prepaired to chase it up there the day this bull will discover fangi

I volunteer: Msc : BUY target value: 9.00

I support.EABL could make an announcement to acquire Mumias and convert it to a brewery with the vast land from outgrowers and nucleus estate used to grow sorghum which is a raw material.Such an announcement would be welcome as it could push the share to untested highs of Kshs.200 per share!!!!!!
wishful thinking!!!!
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VituVingiSana
#114 Posted : Friday, October 10, 2014 8:59:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mawinder wrote:
Akenyan2014 wrote:
It seems the only challenge is that none of wazuans and stock brokers want to be the first to attach a fair value to this counter. Be prepaired to chase it up there the day this bull will discover fangi

I volunteer: Msc : BUY target value: 9.00

I support.EABL could make an announcement to acquire Mumias and convert it to a brewery with the vast land from outgrowers and nucleus estate used to grow sorghum which is a raw material.Such an announcement would be welcome as it could push the share to untested highs of Kshs.200 per share!!!!!!
wishful thinking!!!!
EABL has more sorghum than it needs. It cancelled contracts with farmers because its warehouses are over-flowing with sorghum.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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streetwise
#115 Posted : Friday, October 10, 2014 9:20:13 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
All dreams come true espcially when they occur during day light
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Akenyan2014
#116 Posted : Friday, October 10, 2014 9:53:54 AM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
streetwise wrote:
All dreams come true especially when they occur during day light


You are right because if they occur at night they could turn out to be 'wet'
Therefore the msc dreams are valid.

On a different note, I only focus on beaten up counters where there is a possibility of turn around exist though in many cases could take a while and quite radical decisions like receivership and forced takeovers.
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selah
#117 Posted : Friday, October 10, 2014 10:57:00 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@Cde I have quoted some of the challenges highlighted in the report you shared....as you can see management ineptitude and failure to plan ahead might be the reason for the poor performance especially when you consider only 22% of cane is early maturing when the company is facing cane deficit of 1,190,206 tonnes.

Quote:
1.Millers should adopt yield improvement strategies in order to maximize on their cane yields

2.Mumias,Kibos and Soin sugar mills need to pursue a sustainable cane development plan
commensurate to their crushing capacities

A deliberate policy to commence a phased adoption of early maturing cane varieties is critical to sustainable cane supply

Mumias sugar zone is dominated by two major varieties: CO 945 which occupies about 65.5% (28,668 Ha) and early maturing variety KEN 83–737 which occupies about 22.6% (9,899 Ha).

Mumias is projected to have a cane deficit of 1,190,206 tonnes.

This means Mumias needs to enhance its cane
development besides implementing strategies for yield improvement to ensure sustainable cane
supply.

Mumias should consider negotiating with other millers on a proper cane sharing agreement.

Challenges.

~Delayed farmers’ payment for cane delivered

~Farmer withdrawing from cane farming due failure to break even

~Poor crop husbandry practices

~Unsustainable cane supply to the mill.

~Competition for the raw material from
neighboring millers






'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Akenyan2014
#118 Posted : Saturday, October 11, 2014 12:18:15 PM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
I have just watched the last batch of MSC sugar @ sub 120/= per kg supply drying up at most local stores.This trend seems to have started since MSC warned of underweight repackaged sugar making its way to the shelves. Higher prices coming, better sales for MSC coming. You can't bury a well established brand. Sugar getting sweeter.
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mlennyma
#119 Posted : Saturday, October 11, 2014 12:21:37 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Do you know the capacity mumias can produce for lack of cane?will they sell air or they will import and pack.
"Don't let the fear of losing be greater than the excitement of winning."
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Metasploit
#120 Posted : Friday, October 24, 2014 1:56:15 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
I am down 15% on this on a volume of 350K shares.

@hisah..are u still holding this ? 1.5 is surely coming

# Never been down this much

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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