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Mumias Sugar huge demand
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Spikes
#1831 Posted : Monday, March 14, 2016 10:53:51 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
[quote=HaMaina]These Audits are getting annoying, some action would be good.

CMA to use second Mumias Sugar forensic audit in court prosecutions


http://www.businessdaily.../-/omu7vuz/-/index.html[/quote]


To me the second audit by CMA is a pure scheme to cover up the mess or to lure investors to pump in more money during rights issue to raise 5B kes . To tame investor apathy the CMA saw it essential to entice the public that MSC looters prosecution is on track. Let them roll out the cash call and after exercise is complete you will be shocked to read the headline on authoritative dailies that the court has thrown out CMA case on a technicality in its mandate to rescue MSC. Shafting continues!!!!!!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Monday, March 14, 2016 10:56 AM | Reason: Not specified
HaMaina
#1832 Posted : Tuesday, March 15, 2016 3:26:16 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
EACC wants case filed Kidero stopping his accounts probe dismissed

https://citizentv.co.ke/...probe-dismissed-118381/

I wonder how long money can keep one safe?
“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
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VituVingiSana
#1833 Posted : Tuesday, March 15, 2016 8:52:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Is GoK involved in running Mumias? If yes, PASS.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#1834 Posted : Wednesday, March 16, 2016 7:22:38 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
Is GoK involved in running Mumias? If yes, PASS.



http://www.standardmedia...rotich-s-revised-budget

If approved by parliament Agriculture Ministry likely to lose 11B kes in the supplementary budget. MSC bailout is highly unlikely.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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streetwise
#1835 Posted : Wednesday, March 16, 2016 8:56:38 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If that happens then 50 cents will happen, but keep heart Ochard is still alive and the only reason its because Gova is the owner.
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Spikes
#1836 Posted : Sunday, March 27, 2016 1:28:00 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
http://www.standardmedia...-to-rescue-mumias-sugar

Yesterday I watched closely the talk of DP's impromptu visit to MSC. His body language said it all. These guys are not serious. A lot of pessimism. He said they have challenges of rolling out rights issue. And he further reiterated that the government will restructure Mumias. I am suspecting something sinister. He wants to compensate his political cronies by appointing them and giving tenders to their family members in the name of MSC restructuring. or forcing those outside Jubilee coalition to dance government tunes. Tenderpreneurs will reap big to obtain campaign money. The motivating factor is looting and staying in power. I do not see real turnaround at MSC. Just jokers hunting for votes at the detriment of farmers!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Spikes
#1837 Posted : Sunday, March 27, 2016 2:09:34 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Spikes wrote:
http://www.standardmedia.co.ke/mobile/article/2000196235/state-targets-to-raise-sh3b-in-rights-issue-to-rescue-mumias-sugar

Yesterday I watched closely the talk of DP's impromptu visit to MSC. His body language said it all. These guys are not serious. A lot of pessimism. He said they have challenges of rolling out rights issue. And he further reiterated that the government will restructure Mumias. I am suspecting something sinister. He wants to compensate his political cronies by appointing them and giving tenders to their family members in the name of MSC restructuring. or forcing those outside Jubilee coalition to dance government tunes. Tenderpreneurs will reap big to obtain campaign money. The motivating factor is looting and staying in power. I do not see real turnaround at MSC. Just jokers hunting for votes at the detriment of farmers!



Not until we stop mixing political expedience and management government owned firms will continue bleeding.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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streetwise
#1838 Posted : Tuesday, March 29, 2016 1:21:18 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Today its red red red reeed.

Has the factory burned. And who is buying (with what information) ?.
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Spikes
#1839 Posted : Tuesday, March 29, 2016 8:47:50 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
streetwise wrote:
Today its red red red reeed.

Has the factory burned. And who is buying (with what information) ?.


It seems this stock has died therefore will never wake up again till 2019. KPMG report was very bold when it asserted that it will take MSC 4years to return to profitability.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Spikes
#1840 Posted : Tuesday, March 29, 2016 9:07:58 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Spikes wrote:
streetwise wrote:
Today its red red red reeed.

Has the factory burned. And who is buying (with what information) ?.


It seems this stock has died therefore will never wake up again till 2019. Last year's KPMG report was very bold when it asserted that it will take MSC 4years to return to profitability.






http://www.nation.co.ke/.../-/6a8wxxz/-/index.html

This stock has opened floodgates to the abyss! Strong PPT will show up @ sub 1 bob.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Wednesday, March 30, 2016 3:07 PM | Reason: Not specified
299 Pages«<182183184185186>»
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