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Mumias Sugar huge demand
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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You keep on talking talking about Mumias, the guy is in charge of the capital city and largest county by allocation.
What do you think is happening as we talk talk.. tell me 5 year later when it comes out
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Rank: New-farer Joined: 1/13/2015 Posts: 17 Location: Nairobi, Kenya
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streetwise wrote:You keep on talking talking about Mumias, the guy is in charge of the capital city and largest county by allocation.
What do you think is happening as we talk talk.. tell me 5 year later when it comes out  Knowledge is knowing that a tomato is a fruit. Wisdom is knowing that it can not be used in a fruit salad.
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Rank: Member Joined: 4/26/2011 Posts: 759
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Kausha 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. Describe what disc you are talking about. Mumias has no EBITDA. Been making huges loses past 3 years. It's math! Even a negative valuation with still have a discount, the EBITDA could be negative but Mumia value is not negative.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Rollout wrote:Kausha 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. Describe what disc you are talking about. Mumias has no EBITDA. Been making huges loses past 3 years. It's math! Even a negative valuation with still have a discount, the EBITDA could be negative but Mumia value is not negative. Heard of insolvency? MSC is at that stage. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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I think am learning a lesson on eating from us 'wanjikus' here. Jesus.
60% Learning, 30% synthesizing, 10% Debating
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Rollout wrote:Kausha 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. Describe what disc you are talking about. Mumias has no EBITDA. Been making huges loses past 3 years. It's math! Even a negative valuation with still have a discount, the EBITDA could be negative but Mumia value is not negative. Without GoK support, subsidies and bailout, MSC is bankrupt. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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VituVingiSana wrote:Rollout wrote:Kausha 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. Describe what disc you are talking about. Mumias has no EBITDA. Been making huges loses past 3 years. It's math! Even a negative valuation with still have a discount, the EBITDA could be negative but Mumia value is not negative. Without GoK support, subsidies and bailout, MSC is bankrupt. Negative value is when liabilities>assets, I haven’t crunched the numbers for mumias but based on the reports available if its not at negative value currently then its very close to it. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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If GoK was behaving like an intelligent entity which also happens to be the largest investor here should be looking at the following options forthwith. -combine with Nzoia (distance between both is very close), economics of scale et al -sell Mumias Nzoia to a private company -instead of pumping money into Mumias, put money into TARDA under newly reconstituted Mumias forcing current shareholders to only own a TARDA. There is no need to run the huge project costing 15bn that was initially envisaged. Use the 2bn that MSC needs Just some ideas, otherwise this is heading one way. Sehemu ndio nyumba
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Makes alot of sense relocate MSC to TARDA. I hear MSC has huge crushing capacity that can't be satisfied by the local farmers, plus early maturing can can help.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Mainat wrote:If GoK was behaving like an intelligent entity which also happens to be the largest investor here should be looking at the following options forthwith.
-combine with Nzoia (distance between both is very close), economics of scale et al
-sell Mumias Nzoia to a private company
-instead of pumping money into Mumias, put money into TARDA under newly reconstituted Mumias forcing current shareholders to only own a TARDA. There is no need to run the huge project costing 15bn that was initially envisaged. Use the 2bn that MSC needs
Just some ideas, otherwise this is heading one way. And what would you propose is to be done to the creditors ie bankers,suppliers,outgrowers etc bearing in mind that no private investor would pump in money in a company riddled by debt unless return>risk which I think is not the case with mumias. The main purpose of the stock market is to make fools of as many people as possible.
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