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Mumias Sugar huge demand
Rank: Member Joined: 3/26/2012 Posts: 830
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Njung'e wrote:@Mutaga, Waiting for you down here.It's hard ground and there is nothing to break your fall  ....I will do with what remains of you  thats why am not adding onto a sinking ship... A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 4/25/2012 Posts: 110
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This is not interesting for the sugar industry. http://www.standardmedia...rms-on-brink-of-collapseThere is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Mumias Sugar Company (MSC) is mulling to establish a milk processing plant after it launched a farmers’ dairy project to boost cane production and create additional income for grower. RINKIf you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mastermind wrote:Mumias Sugar Company (MSC) is mulling to establish a milk processing plant after it launched a farmers’ dairy project to boost cane production and create additional income for grower. RINK Wow! Didn't know it was possible to turn sugar into milk. So the end product will be sugared milk... 
No wonder net selling by foreigners today.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,139 Location: Nairobi
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Sugar, Water, Power, Mollases are all related... The processes can feed off each other. How is milk related to the business? What is Mumias upto? What next? Horticulture? Property development? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:Sugar, Water, Power, Mollases are all related... The processes can feed off each other.
How is milk related to the business?
What is Mumias upto? What next? Horticulture? Property development? "farmers will be encouraged to use farm yard manure to improve cane yields" Anyway, they say there is a huge potential in the dairy market. How is TARDA doing? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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youcan'tstopusnow wrote:How is TARDA doing?
I guess its not doing anything yet since they haven't launched their proposed 15billion rights issue that will finance the project! There is massive dilution coming to mumias shareholders! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:youcan'tstopusnow wrote:How is TARDA doing?
I guess its not doing anything yet since they haven't launched their proposed 15billion rights issue that will finance the project! There is massive dilution coming to mumias shareholders! A KQ like rights issue? If so, then the rights price will be in the Kes 1s range. Add that dilution to the current liquid shares, we might have a sub 1/- trading candidate...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:guru267 wrote:youcan'tstopusnow wrote:How is TARDA doing?
I guess its not doing anything yet since they haven't launched their proposed 15billion rights issue that will finance the project! There is massive dilution coming to mumias shareholders! A KQ like rights issue? If so, then the rights price will be in the Kes 1s range. Add that dilution to the current liquid shares, we might have a sub 1/- trading candidate... Im thinking 5billion shares at 3bob rights price! This will make it a 3:1 rights issue... Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 3/26/2012 Posts: 830
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guru267 wrote:hisah wrote:guru267 wrote:youcan'tstopusnow wrote:How is TARDA doing?
I guess its not doing anything yet since they haven't launched their proposed 15billion rights issue that will finance the project! There is massive dilution coming to mumias shareholders! A KQ like rights issue? If so, then the rights price will be in the Kes 1s range. Add that dilution to the current liquid shares, we might have a sub 1/- trading candidate... Im thinking 5billion shares at 3bob rights price! This will make it a 3:1 rights issue... how soon is the rights issue...is it likely to be done in 2013 or early 2014? A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Please, let the experts correct me if I'm wrong. From the Price Movement graph, I noticed that prior to the IPO and Share split, there was a very noticeable rise in share price. I assume market manipulation. Therefore, much as a right issue is anticipated, it will most probably happen when there is another sharp rise in share price, no? Was it also like this with KQ?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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S.Mutaga III wrote:guru267 wrote:hisah wrote:guru267 wrote:youcan'tstopusnow wrote:How is TARDA doing?
I guess its not doing anything yet since they haven't launched their proposed 15billion rights issue that will finance the project! There is massive dilution coming to mumias shareholders! A KQ like rights issue? If so, then the rights price will be in the Kes 1s range. Add that dilution to the current liquid shares, we might have a sub 1/- trading candidate... Im thinking 5billion shares at 3bob rights price! This will make it a 3:1 rights issue... how soon is the rights issue...is it likely to be done in 2013 or early 2014? 2014 from the looks of things! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Mukiri wrote:Please, let the experts correct me if I'm wrong.
From the Price Movement graph, I noticed that prior to the IPO and Share split, there was a very noticeable rise in share price. The share price rise was as a result of a 2:1 bonus issue announcement... The same has been happening recently with eaagads And if you are talking about 2010 when it hit 14bob that was the due to the market & economic recovery.. (3bob-14bob was sweet for some) And FYI mumias has never had a share split! Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 6/18/2009 Posts: 271
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we are testing ALL TIME LOWS (@4.40) . a breach of 4.40 this stock is falling to 1 bob !
so you are damn right the bulls will want to secure 4.40 ..
this stock is totally crap !
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Rank: User Joined: 6/18/2009 Posts: 271
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guru267 wrote:Mukiri wrote:Please, let the experts correct me if I'm wrong.
From the Price Movement graph, I noticed that prior to the IPO and Share split, there was a very noticeable rise in share price. The share price rise was as a result of a 2:1 bonus issue announcement... The same has been happening recently with eaagads And if you are talking about 2010 when it hit 14bob that was the due to the market & economic recovery.. (3bob- 14bob was sweet for some) And FYI mumias has never had a share split! Please donot remind me of 14 bob ! please !
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Is the sugar business that bad ama ni siasa? "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: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Quote: The latest development in the sugar industry is the talk about an impending acquisition of one of the new sugar factories in the Southern Nyanza region by one of the players in the industry. http://www.businessdaily...8/-/10oqds8/-/index.html Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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techboy wrote:we are testing ALL TIME LOWS (@4.40) . a breach of 4.40 this stock is falling to 1 bob !
so you are damn right the bulls will want to secure 4.40 ..
this stock is totally crap ! 52 week low is 4.40 while all time low is 3.60.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:techboy wrote:we are testing ALL TIME LOWS (@4.40) . a breach of 4.40 this stock is falling to 1 bob !
so you are damn right the bulls will want to secure 4.40 ..
this stock is totally crap ! 52 week low is 4.40 while all time low is 3.60. Stock is very good for technical play. Bought @4.75 last year. Collected div @0.30 sold cum div this year @6.20. Price goes below @4 and i will repeat. Sugar is a basic commodity and world sugar production is never enough to satisfy demand . Life is short. Live passionately.
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Rank: Veteran Joined: 11/9/2009 Posts: 2,003
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From the BDQuote:But the biggest shadow brooding over the sugar industry in Kenya is the impending removal of the so called Comesa safeguards, namely, the temporary arrangement the government negotiated with the trading bloc to insulate the local industry from imports.
Now and again, we are reminded that our local industry risks being swept way by Comesa imports the moment the safeguards are lifted.
That-if the millers don’t put their houses in order-if the factories don’t reduce production costs drastically- the industry will die come 2014 when the safeguards are lifted. @Njunge and others, what say you about the above?
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