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Mumias Sugar huge demand
Rank: Chief Joined: 1/3/2007 Posts: 18,139 Location: Nairobi
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[quote=FUNKY]More problems for Mumias http://www.businessdaily...8/-/kryyfh/-/index.html[/quote] Debes. MPs trying to 'win' votes. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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If you read the article there is no politics involved,besides I doubt if the area MP Okemo is part of the committee.
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Rank: Member Joined: 2/18/2011 Posts: 448
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Mumias has a lot of challenges to overcome esp in this financial year and the CEO himself said that during an interview i once saw.He hinted that this years results might be not so good but after that the company shall fly....by the way when is the COMESA waiver ending? i think that shall be the beggining of real sugar wars
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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mibbz wrote:Mumias has a lot of challenges to overcome esp in this financial year and the CEO himself said that during an interview i once saw.He hinted that this years results might be not so good but after that the company shall fly....by the way when is the COMESA waiver ending? i think that shall be the beggining of real sugar wars That is one stock to keep away from.
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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MSC, Is 7.30 too much to ask for? If 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: 1/3/2007 Posts: 18,139 Location: Nairobi
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mawinder wrote:If you read the article there is no politics involved,besides I doubt if the area MP Okemo is part of the committee. Mumias lent money to Busia. Busia should pay it back. If not, then handover the security/collateral over. The rest is noise. As for politics, I am sure it is in the picture. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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VituVingiSana wrote:mawinder wrote:If you read the article there is no politics involved,besides I doubt if the area MP Okemo is part of the committee. Mumias lent money to Busia. Busia should pay it back. If not, then handover the security/collateral over. The rest is noise. As for politics, I am sure it is in the picture.
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Rank: User Joined: 1/5/2013 Posts: 66
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What is not happening here? This counter is giving ulcers.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Another candidate with tech readings stating a large move is coming soon. RSI bullish, stochs bearish - mixed signal for now on direction. The only hint to a pending large move is constricting bollinger bands. Wait for confirmation (breakdown or break out). $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/18/2011 Posts: 448
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hisah wrote:Another candidate with tech readings stating a large move is coming soon. RSI bullish, stochs bearish - mixed signal for now on direction. The only hint to a pending large move is constricting bollinger bands. Wait for confirmation (breakdown or break out). @ Hisah you believe in technical analysis period. Others read market signals,research on papers and publications,others gut instinct....at the end of its every man to his own method;its a money game at the end of the day.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mibbz wrote:hisah wrote:Another candidate with tech readings stating a large move is coming soon. RSI bullish, stochs bearish - mixed signal for now on direction. The only hint to a pending large move is constricting bollinger bands. Wait for confirmation (breakdown or break out). @ Hisah you believe in technical analysis period. Others read market signals,research on papers and publications,others gut instinct....at the end of its every man to his own method;its a money game at the end of the day. I combine both techs and fundies. For the stocks I pointed out today I was purely highlighting the tech readings.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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MSC to set up milk plant - http://www.nation.co.ke/...0/-/kxf8qo/-/index.html Diversification from sugar to power gen to milk processing...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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you forgot water  Uncertainty is certain.Let go
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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I was in Mumias and the milk consumed there comes from Rift valley.Where will Mumias get the raw material for milk?Is the climate there better suited for milk or cane production?Is it diversification really or will fodder if any eat into the scarce sugarcane resource?What will be the plant capacïty?I can tell you PK is looking for ways of eating.
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Rank: Member Joined: 2/18/2011 Posts: 448
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Mumias and Centum are two companies looking for direction; seems the CEOs need an advisory board composed of shareholders.
Milk comes majorly from the so called white highlands,where farmers have tracts of land adequate for growing fodder for their animals;where zero grazing is a profession and not a passion. Thats why major milk producing regions are in Central and Rift Valley. there is milk elsewhere but most of it is for subsistence use.
Unless Mumias wants to start a zero grazing unit in their compound,i DO NOT see this venture being worth it. Instead of focusing on cutting down inefficiencies in preparation for end of comesa they are thinking of diversifying into other areas they have little know how about....
and analysts say this is a 8-10 bob stock,i say not with the current clueless managers and stratergists
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Rank: New-farer Joined: 1/28/2013 Posts: 61 Location: Nairobi s
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mumias trying to masters of all trades, thats ridiculous ,.should be very careful with this counter  Never be afraid to try something new.Remeber,amateurs built the ark Professionals built titanic.-Anonymous
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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simmons wrote:mumias trying to masters of all trades, thats ridiculous ,.should be very careful with this counter Mumias is useless.Despite the cane shortage the management led by former MD purported to sell land in Busia to a rival miller,Kaplony Ltd.Mumias sold mill B to West Kenya which is the mill that currently crushes poached cane.Instead of addressing perennial cane shortages,the company wants farmers to grow thara.What about Tarda?Marketing the much hyped ethanol may be tricky going by the number of vehicles able to run on ethanol blended fuel if any in Kenya.ABK.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Volume spike (4.27M shares) today with VWAP @5/- $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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No happy days for Kenyan sugar firms http://www.nation.co.ke/...0/-/2nkmdt/-/index.html
Mumias is screwed. Reduced cane = Reduced sugar production = Reduced molasses production = Reduced alcohol production = Reduced bagasse production = Reduced electricity production = Reduced profits Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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MSC issues profit warning - https://www.nse.co.ke/li...od-ending-december-2012
Quote:It is expected that the anticipated earnings for the financial year ending 30 June 2013 will be lower than the previous year's by more than 25% There we go. Tank below 4/-  sugar guru vs guru... ding ding... final round. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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