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Mumias Sugar huge demand
Rank: Veteran Joined: 4/23/2014 Posts: 931
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Njunge wrote:Any plans of milling have been shelved and the few remaining staff from milling and sugar production have been asked to take indefinite leave. Looks like the six months I gave HaMaina will be surpassed by a couple of years... lol. Let the 6 months get finished, then I'll believe you, right now on buying with anything I can get, even unused pub funds. “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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Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
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KES 0.33 per share
KQ ABP 4.26
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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obiero wrote:KES 0.33 per share I wonder why NSE is not suspending this stock from trading!
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Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
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FUNKY wrote:obiero wrote:KES 0.33 per share I wonder why NSE is not suspending this stock from trading! Only Uchumi & KQ were once suspended among all GoK stocks, unless my memory serves me wrong
KQ ABP 4.26
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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FUNKY wrote:obiero wrote:KES 0.33 per share I wonder why NSE is not suspending this stock from trading! According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000 Assets were kshs 15,433,845,000 This makes the shareholders to be in negative 15,919,610,000 This means all those who have shares in mumias are holding nothing as the company is worthless. The remedy is for a strategic investor to clear all the liabilities for equity a location. KQ is also still in negative equity position of kshs 2,493,000,000 After all those debt to equity converstion! Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Ebenyo wrote:FUNKY wrote:obiero wrote:KES 0.33 per share I wonder why NSE is not suspending this stock from trading! According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000 Assets were kshs 15,433,845,000 This makes the shareholders to be in negative 15,919,610,000 This means all those who have shares in mumias are holding nothing as the company is worthless. The remedy is for a strategic investor to clear all the liabilities for equity a location. KQ is also still in negative equity position of kshs 2,493,000,000 After all those debt to equity converstion! Both firms should be euthanized. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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VituVingiSana wrote:Ebenyo wrote:FUNKY wrote:obiero wrote:KES 0.33 per share I wonder why NSE is not suspending this stock from trading! According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000 Assets were kshs 15,433,845,000 This makes the shareholders to be in negative 15,919,610,000 This means all those who have shares in mumias are holding nothing as the company is worthless. The remedy is for a strategic investor to clear all the liabilities for equity a location. KQ is also still in negative equity position of kshs 2,493,000,000 After all those debt to equity converstion! Both firms should be euthanized.  Towards the goal of financial freedom
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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FUNKY wrote:https://www.nation.co.ke/news/Oparanya-opposes-Mumias-Sugar-plans-to-lease-assets/1056-5098124-view-asAMP-mwdc7s/index.html The idea is intended to generate more revenue.So the issue here is if the management can be trusted of which Oparanya thinks no. Towards the goal of financial freedom
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Ebenyo wrote:VituVingiSana wrote:Ebenyo wrote:FUNKY wrote:obiero wrote:KES 0.33 per share I wonder why NSE is not suspending this stock from trading! According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000 Assets were kshs 15,433,845,000 This makes the shareholders to be in negative 15,919,610,000 This means all those who have shares in mumias are holding nothing as the company is worthless. The remedy is for a strategic investor to clear all the liabilities for equity a location. KQ is also still in negative equity position of kshs 2,493,000,000 After all those debt to equity converstion! Both firms should be euthanized. No lets see how low it can go, I don't see any good news anytime soon that can lift it above 0.50, can it really go below 0.10, or 0.05? To Each His Own
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