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Mumias Sugar huge demand
Spikes
#1651 Posted : Thursday, December 17, 2015 8:21:37 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
The CoG assert that their farmers must be given atleast 3 years to gather financial strength to buy shares in sugar companies. For now they say farmers don't have resources to buy the stake allocated to them.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
HaMaina
#1652 Posted : Thursday, December 17, 2015 8:28:37 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Spikes wrote:
The CoG assert that their farmers must be given atleast 3 years to gather financial strength to buy shares in sugar companies. For now they say farmers don't have resources to buy the stake allocated to them.


That's true but the country doesn't have 3 years, were looking at 1.5yrs before the Comesa safeguards are lifted. The counties could fund or arrange for institutional funding, for the farmers. Either way I think the allocated stake can only be bought by the farmers and if not retained by the government.
“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
Boris Boyka
#1653 Posted : Thursday, December 17, 2015 9:11:12 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
streetwise wrote:
Is this good or bad , please provide your understanding of the situation

A very bad move. I'll share reasons when am relaxed.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Spikes
#1654 Posted : Thursday, December 17, 2015 9:16:08 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Good or bad depends on perspectives: investors, farmers,government etc.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
streetwise
#1655 Posted : Thursday, December 17, 2015 11:56:00 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
This business of free things is strange.

Are the governors saying for example the framer can’t retain 10% of his pay-out every time he is paid for delivery of his cane to buy MSC at 1.50 per share. They even encourage by reducing some of those funny taxes they charges at the market place.

What the farmer wants is some leader to show them the way not to be given 3 year to make savings. In three years they still will have zero in the account. Then at that time the Governors will buy the shares for themselves.

Amukeni Kenyans !!!!
streetwise
#1656 Posted : Wednesday, December 23, 2015 11:56:44 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
kayhara
#1657 Posted : Wednesday, December 23, 2015 12:42:23 PM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
streetwise wrote:

Where does impounded sugar go after that, I have never heard of destroyed sugar or return to sender.
To Each His Own
streetwise
#1658 Posted : Wednesday, December 23, 2015 2:04:56 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
The other day the burned some although part of it was stolen when in custody
Ericsson
#1659 Posted : Thursday, December 24, 2015 6:51:09 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Hyenas have planted their key man as a non-executive director at the company.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
HaMaina
#1660 Posted : Monday, January 04, 2016 8:10:31 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Happy New Year to all Wazuan's and hope this will be a better year than the last one.

On another note, this is one REALLY angry shareholder from the last AGM.

https://www.youtube.com/watch?v=GQ80ghLuPNI

Laughing out loudly Laughing out loudly Laughing out loudly smile smile smile smile
“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«<164165166167168>»
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