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Mumias Sugar huge demand
streetwise
#1211 Posted : Tuesday, February 10, 2015 5:58:46 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Have you ever heard of something known as paper work. How far does it travel.
yosie14
#1212 Posted : Tuesday, February 10, 2015 10:01:52 PM
Rank: Member

Joined: 12/17/2013
Posts: 118
mawinder wrote:
jerry wrote:
Njung'e wrote:
Why is the full KPMG report?

Where is...

I have it but in hardcopy, it is a voluminous document of over 300 pages, dont know how to share it!!!!!!!!!!!!!!!!!!


@Mawinder,pls scan it,upload on your google drive and share with us the link to the doc on wazua group.You can also share the link here on the thread
KCB,NMG,PAFR
Rollout
#1213 Posted : Wednesday, February 11, 2015 12:18:39 AM
Rank: Member

Joined: 4/26/2011
Posts: 759
PE should buy Mumias for 60% discount, what's the current EBITDA for Mumias, anyone knows? Buy Mumias at 60% discount, institute new management, file bankruptcy, turn it around and then exit in approx 5 yrs. GOK will not be able to fix it.
slykat
#1214 Posted : Wednesday, February 11, 2015 1:33:33 AM
Rank: Member

Joined: 2/20/2007
Posts: 359
Rollout wrote:
PE should buy Mumias for 60% discount, what's the current EBITDA for Mumias, anyone knows? Buy Mumias at 60% discount, institute new management, file bankruptcy, turn it around and then exit in approx 5 yrs. GOK will not be able to fix it.



If you file for bankruptcy then you will lose control including of the turn around program to the receiver managers (these may also be corrupt).
ayushnehra
#1215 Posted : Wednesday, February 11, 2015 3:12:14 AM
Rank: Member

Joined: 1/4/2015
Posts: 153
I don't understand how after having all this knowledge about the fraudulent activity/scam has taken place..no action has been taken against kidero or Kebati? Seriously Kenya AMUKA..!! Just like the Keter Saga..he abused Kenyan..and we have forgotten already..!!
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
shocks
#1216 Posted : Wednesday, February 11, 2015 4:32:35 AM
Rank: Member

Joined: 3/15/2009
Posts: 362
Rollout wrote:
PE should buy Mumias for 60% discount, what's the current EBITDA for Mumias, anyone knows? Buy Mumias at 60% discount, institute new management, file bankruptcy, turn it around and then exit in approx 5 yrs. GOK will not be able to fix it.


In Kenya filing for bankruptcy will surely kill the business unlike the US where they have chapter 11
enyands
#1217 Posted : Wednesday, February 11, 2015 4:58:23 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
I do believe Kenya should develop a special judicial proceedings to combat such gross white crime activities . In USA there is clear separation of powers *( remember Enron company here in USA that led to jailing for life it's former executives after defrauding shareholders and filing for bankruptcy later).Once you are a legislator you don't interfere with judicial processes .
In Kenya the system is intertwined and complex because the same Kidero guy whose a politician (has legislative influence ) has influence over judicial process . As long as we have people who take advantage of these complex loopholes between judicial and legislative arms they Will continue to do these heinous acts for other companies . We need to wake up and see its the children of our children we are hurting .The bail out money 500 million could be used to hire 5000 policemen to help in Kenya Somalia border thereby keeping me safe from terrorists. Unless we wake up and see things in a three dimension , we will be taken advantage of by these businessmen kam senseless politicians. We need to wake up
enyands
#1218 Posted : Wednesday, February 11, 2015 5:02:10 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Applause
shocks wrote:
Rollout wrote:
PE should buy Mumias for 60% discount, what's the current EBITDA for Mumias, anyone knows? Buy Mumias at 60% discount, institute new management, file bankruptcy, turn it around and then exit in approx 5 yrs. GOK will not be able to fix it.


In Kenya filing for bankruptcy will surely kill the business unlike the US where they have chapter 11

Kausha
#1219 Posted : Wednesday, February 11, 2015 6:35:49 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Rollout wrote:
PE should buy Mumias for 60% discount, what's the current EBITDA for Mumias, anyone knows? Buy Mumias at 60% discount, institute new management, file bankruptcy, turn it around and then exit in approx 5 yrs. GOK will not be able to fix it.

Describe what disc you are talking about. Mumias has no EBITDA. Been making huges loses past 3 years.
HaMaina
#1220 Posted : Wednesday, February 11, 2015 7:03:17 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
enyands wrote:
I do believe Kenya should develop a special judicial proceedings to combat such gross white crime activities . In USA there is clear separation of powers *( remember Enron company here in USA that led to jailing for life it's former executives after defrauding shareholders and filing for bankruptcy later).Once you are a legislator you don't interfere with judicial processes .
In Kenya the system is intertwined and complex because the same Kidero guy whose a politician (has legislative influence ) has influence over judicial process . As long as we have people who take advantage of these complex loopholes between judicial and legislative arms they Will continue to do these heinous acts for other companies . We need to wake up and see its the children of our children we are hurting .The bail out money 500 million could be used to hire 5000 policemen to help in Kenya Somalia border thereby keeping me safe from terrorists. Unless we wake up and see things in a three dimension , we will be taken advantage of by these businessmen kam senseless politicians. We need to wake up


Hiring anyone turns the cost into a revolving cost that needs to be provided for every financial year.
“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
299 Pages«<120121122123124>»
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