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Mumias FY 2014
Rank: Member Joined: 5/4/2011 Posts: 116
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dead man walking "Children today are tyrants. They contradict their parents, gobble their food, and tyrannize their teachers."
•Socrates (470?-399 BC)
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Rank: Member Joined: 1/10/2015 Posts: 411
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wal6807 wrote:dead man walking You wrong Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Member Joined: 5/21/2014 Posts: 184
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koxwex wrote:govt to inject 500m deliberate on kplc dept, unpaid kra tax and the comesa thing , 300m from county govt to pay farmers, directors restructuring is on path whats remaining is suppliers cash, cane improvement, recapture market, public confidence and return to profitability. I wish it was that easy. It sounds like a monday to monday timetable. Can Kenya really be competitive in the sugar sector? There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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 Mumias still the lowest Monkey in NSE. At the bottom its still eating the oldest leaves and falling fruits or would we say gnawing the oldest sweet stems of the cane? Now we have the staff told to re-apply for jobs to sieve/filter them out. If you were brought in by those corrupt managers, directors as a ghost worker you are in hot soup! This is happening allover the world where managers are hiring people for whom they know than what they know with fake certificates to file at HR Dept. People of Indian Origin are very good in this game.
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Rank: New-farer Joined: 9/12/2014 Posts: 22 Location: Nairobi
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Still a lot of negative sentiment as the bounce continues. Comesa worries also spicing up the negativity soup. Perfect setup. Trading against this crowded sentiment ensures the bounce has legs to continue higher. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Cen Mumias make money in a liberalized sugar market? If the answer is yes, we should all invest. Otherwise, lets speculate away. Sehemu ndio nyumba
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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hisah wrote:Still a lot of negative sentiment as the bounce continues. Comesa worries also spicing up the negativity soup. Perfect setup. Trading against this crowded sentiment ensures the bounce has legs to continue higher. Sold mine, waiting for some blood so that i collect. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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The government is seeking another extension of Comesa safeguards on sugar as the current ones expire on February 28, potentially exposing local millers to an influx of cheaper imports. Head of the Sugar Directorate Rosemary Mkok told the Star yesterday that the state is engaging with key decision makers, including the Common Market for Eastern and Southern Africa governing council, to see it secure the third extension. The current extension was for 12 months effective March 1, 2014. “It is true the government is seeking for another extension for the sugar safeguards from the Comesa - See more at: http://www.the-star.co.k...ess#sthash.AdiZHB5x.dpuf
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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Mumias Sugar has moved to court to recover Sh1.1 billion from former chief executive Peter Kebati, finance director Chris Chepkoit, legal affairs and company secretary Emily Otieno and commercial director Paul Murgor
Related Stories
Mumias Sugar suspends 52 top employees
The four allegedly opened and operated an account in Dubai Bank with two separate sugar importing companies without the miller’s knowledge.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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a commenter on biz daily summed it up for me. " if a company can't survive in an uncontrolled environment, let it die a natural death" however this is not the problem with mumias as our sugar baron reminds us. How will mumias deal with corruption and politiking? how? you can almost bet it will happen again. good for a smash and grab but long term too risky. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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Seems Kidero was the cause and source of the tragedy bedeviling Mumias, alinyonya utamu wa mama wote halafu akakimbilia politics Nairobi.
Should CORD as well ask him to resign? Why hasn't Khalwale been vocal as he was for Kimunya saying Kidero must Go as he has caused unwarranted destruction to Mumias and lives of Western People.? Or is it the case of same BIRDS flocking together?
Kimunya should now implicate Khalwale as well on Mumias!!!
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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Seems Kidero was the cause and source of the tragedy bedeviling Mumias, alinyonya utamu wa mama wote halafu akakimbilia politics Nairobi.
Should CORD as well ask him to resign? Why hasn't Khalwale been vocal as he was for Kimunya saying Kidero must Go as he has caused unwarranted destruction to Mumias and lives of Western People.? Or is it the case of same BIRDS flocking together?
Kimunya should now implicate Khalwale as well on Mumias!!!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Things are thick. The guy needs protection from lao or UK. Let's see how things turn out
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Rank: New-farer Joined: 2/8/2015 Posts: 14 Location: masaku
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I find cord silence on mumias wanting! Or alipanda iyo pesa kama mbegu cord??????
In other news, the layoffs at mumias taking shape! 18graduate trainees sacked
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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SGM on the way.Board likely to be dissolved.(By likely,i mean the board stands zero chance of not being dissolved  ).....ooh!! Two new board might survive ( By might , i mean a 100% chance) Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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joejuma wrote: I find cord silence on mumias wanting! Or alipanda iyo pesa kama mbegu cord??????
In other news, the layoffs at mumias taking shape! 18graduate trainees sacked Link iko?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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Rank: Elder Joined: 8/16/2011 Posts: 2,261
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