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Mumias HY 2015 results loss X 5

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Pesa Nane		#11 Posted : Tuesday, August 18, 2015 7:31:18 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Ksh. 1 here we come! Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane		#12 Posted : Tuesday, August 18, 2015 7:47:56 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Oops, we have to inform CMA about the new MD before the new MD signs the Profit Warning Pesa Nane plans to be shilingi when he grows up.
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hisah		#13 Posted : Tuesday, August 18, 2015 10:11:57 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Unless MSC posts a larger loss than KQ the market will just take in the bad news without severe hiccups! KQ set the benchmark of shocking losses. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana		#14 Posted : Tuesday, August 18, 2015 11:17:48 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi		hisah wrote: Unless MSC posts a larger loss than KQ the market will just take in the bad news without severe hiccups! KQ set the benchmark of shocking losses. Mumias cannot lose 30bn. They don't have 30bn to lose. That said, it will take some time to recover... Is a Rights Issue a possibility? [It is 2/- a share but perhaps it needs a share consolidation of 1:5 so it goes to 10] Or does a strategic investor come in, buys 51% [not from the market] for cash which is used to clean up the firm. Or does Mumias limp along for years as it pays off debts, farmers, KPLC, etc. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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hisah		#15 Posted : Wednesday, August 19, 2015 6:55:26 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		VituVingiSana wrote: hisah wrote: Unless MSC posts a larger loss than KQ the market will just take in the bad news without severe hiccups! KQ set the benchmark of shocking losses. Mumias cannot lose 30bn. They don't have 30bn to lose. That said, it will take some time to recover... Is a Rights Issue a possibility? [It is 2/- a share but perhaps it needs a share consolidation of 1:5 so it goes to 10] Or does a strategic investor come in, buys 51% [not from the market] for cash which is used to clean up the firm. Or does Mumias limp along for years as it pays off debts, farmers, KPLC, etc. A rights issue will definitely flop. Rights issue/IPO and large losses never mix. A strategic investor is the best option and must buyout gok to a minority. But who will take that risk with all the political shouting in this corner? Will the 'new' CEO (was former) be able to rebuild confidence in this firm starting with the farmers? Can the 'new former' CEO pull off a Gareth KCB miracle? Let's see how nasty FY results for a clearer picture. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mzitoaggrey		#16 Posted : Wednesday, August 19, 2015 11:16:38 AM
Rank: New-farer Joined: 8/19/2015 Posts: 25		A loss yes it is, and who would expect a profit at this point in time, await the new C.E.O to take over the firm and lets see his strategies long term, for now it is still bad news.
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agile		#17 Posted : Wednesday, August 19, 2015 2:22:20 PM
Rank: New-farer Joined: 1/9/2015 Posts: 19 Location: NAIROBI		o my,.....this company is just 'TOO BIG TO FAIL'......
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Aguytrying		#18 Posted : Wednesday, August 19, 2015 2:57:08 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		mzitoaggrey wrote: A loss yes it is, and who would expect a profit at this point in time, await the new C.E.O to take over the firm and lets see his strategies long term, for now it is still bad news. The warning is because the loss will be 25% greater than last years loss The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana		#19 Posted : Saturday, August 22, 2015 11:22:04 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,351 Location: Nairobi		agile wrote: o my,.....this company is just 'TOO BIG TO FAIL'...... Doesn't make it investable. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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