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Mumias FY 2014
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murchr
#141 Posted : Friday, November 07, 2014 3:16:32 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Metasploit wrote:
Realtreaty wrote:
Mumias stock shrinks to 91pc of State offer price
The best thing the govt still hold a chunk of shares and won't let go. fter next season opening business will not be as usaul, it will come back with a bang and as new with new faces.
It will quickly retrace its steps up to 6kes very quickly before settling at 9 by june 2015


What are you smoking over there ?


Laughing out loudly
"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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streetwise
#142 Posted : Friday, November 07, 2014 3:24:57 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Cuban Cigar
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jerry
#143 Posted : Friday, November 07, 2014 4:20:55 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Metasploit wrote:
Realtreaty wrote:
Mumias stock shrinks to 91pc of State offer price
The best thing the govt still hold a chunk of shares and won't let go. fter next season opening business will not be as usaul, it will come back with a bang and as new with new faces.
It will quickly retrace its steps up to 6kes very quickly before settling at 9 by june 2015


What are you smoking over there ?

@metasploit. Kuwa mpole kwake. He might be a "victim" and your signature is apt.
The opposite of courage is not cowardice, it's conformity.
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jerry
#144 Posted : Friday, November 07, 2014 4:29:19 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Sober wrote:
MKWASI wrote:
I didn't know sugar can be bitter. However, it turns out to be exactly that.


When the 2.00 support was penetrated, I knew guys holding are in for a rough ride. I will be tempted to jump in when it gets to the 1.30-1.50 region maybe mid December

@Sober. This might be an early Christmas.
The opposite of courage is not cowardice, it's conformity.
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Realtreaty
#145 Posted : Tuesday, November 11, 2014 12:55:16 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,261
With the govt holding 20% of the stock I am confident the Firm still has room for recovery.
Poor auditing by political and corrupt Kenyan Audit firms must be punished. But who will punish a thief overlooking for another thief?
The Audit firms need to be taken back to class and be re-licensed if they pass the net.
The audit firms are part and parcel of the corrupt scavengers who for their business continuity give us lies on paper to read.
Then comes the firms that license these Audit firms that are as well controlled by people who own audit firms and have interests.
Wanjiku wish to buy at low as she has confident it will soon move up like me.
After scrapping the ashes and rust during the closure mumias will come back with a bang. The rusty managers are leaving and trimming of staff is happening. By June 2015 a simple profit will be on the books with share running back to 9 kshs if Govt come with a gun shooting down all none-performers.
Quote:
COWS GET THINNER WHEN RAINS STARTS AND FATTER WHILE RAIN ENDS
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Realtreaty
#146 Posted : Wednesday, November 12, 2014 2:19:40 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,261
Punish those behind Mumias Sugar woes
The govt should bring in more new faces
Naikuni is also a farmer and can handle mumias with a hawkish eye to bring it back to profitability with blessings of President Uhuru.
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The optimist
#147 Posted : Thursday, November 13, 2014 10:48:01 AM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
Mumias Loss after Tax increased from 1.6bn in 2013 to 2.7bn in 2014.

Loss Per Share increased from 1.09 in 2013 to 1.77 2014

Full results
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maka
#148 Posted : Thursday, November 13, 2014 11:11:33 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Realtreaty wrote:
Punish those behind Mumias Sugar woes
The govt should bring in more new faces
Naikuni is also a farmer and can handle mumias with a hawkish eye to bring it back to profitability with blessings of President Uhuru.


Naikuni????
possunt quia posse videntur
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streetwise
#149 Posted : Thursday, November 13, 2014 12:02:59 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Why do we keep on running to the old guards, there are so many young people who can do this why not give them a chance to proof themselves.

May be there are some theories on this but I really get surprised when we say the youth have no jobs and we keep on recycling those who have retired and enjoying their retirement for that matter.
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jerry
#150 Posted : Thursday, November 13, 2014 1:13:32 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Realtreaty wrote:
Punish those behind Mumias Sugar woes
The govt should bring in more new faces
Naikuni is also a farmer and can handle mumias with a hawkish eye to bring it back to profitability with blessings of President Uhuru.

TN is a sugar cane farmer of MSC?
The opposite of courage is not cowardice, it's conformity.
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Njung'e
#151 Posted : Thursday, November 13, 2014 2:47:09 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
KP cuts power off again paralysing maintenance work.....wah!
Nothing great was ever achieved without enthusiasm.
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The optimist
#152 Posted : Thursday, November 13, 2014 3:13:43 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
Pray Pray
Njung'e wrote:
KP cuts power off again paralysing maintenance work.....wah!
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selah
#153 Posted : Thursday, November 13, 2014 3:27:13 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Njung'e wrote:
KP cuts power off again paralysing maintenance work.....wah!


How can a power producer get its power cut by a distributor....something is not right somewhere....
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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mlennyma
#154 Posted : Thursday, November 13, 2014 4:22:15 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,177
Location: nairobi
So the bill was never paid since the last power disconnection??may be empty promises
"Don't let the fear of losing be greater than the excitement of winning."
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streetwise
#155 Posted : Thursday, November 13, 2014 4:48:42 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Ajaa things are bad...I see sh 1.00 tomorrow
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Njung'e
#156 Posted : Thursday, November 13, 2014 5:17:24 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
selah wrote:
Njung'e wrote:
KP cuts power off again paralysing maintenance work.....wah!


How can a power producer get its power cut by a distributor....something is not right somewhere....


It must have something to do with penalties incurred for not meeting power export quota and while at it;

Somebody help me understand.In their loss accounts,marketing and distribution takes close to 1BPray ....Here are a few figures;

1. National sugar production - 650,000 MT/annum
2. National sugar consumption - 1,200,000 MT/annum.
3. Mumias annual production - 172,000 MT/annum.

Why would you want to market and distribute an item that is in very serious shortage?...I would think selling at the gate would save you all that money.Something is seriously wrong!!Sad Sad
Nothing great was ever achieved without enthusiasm.
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mawinder
#157 Posted : Thursday, November 13, 2014 5:25:42 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
Njung'e wrote:
selah wrote:
Njung'e wrote:
KP cuts power off again paralysing maintenance work.....wah!


How can a power producer get its power cut by a distributor....something is not right somewhere....


It must have something to do with penalties incurred for not meeting power export quota and while at it;

Somebody help me understand.In their loss accounts,marketing and distribution takes close to 1BPray ....Here are a few figures;

1. National sugar production - 650,000 MT/annum
2. National sugar consumption - 1,200,000 MT/annum.
3. Mumias annual production - 172,000 MT/annum.

Why would you want to market and distribute an item that is in very serious shortage?...I would think selling at the gate would save you all that money.Something is seriously wrong!!Sad Sad

That is how Governor's spanner boys i.e Hongo, Murgor and his "wife" Lutta whose husband passed on recently due to mdudu
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Njung'e
#158 Posted : Thursday, November 13, 2014 5:49:23 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
mawinder wrote:
Njung'e wrote:
[quote=selah][quote=Njung'e]KP cuts power off again paralysing maintenance work.....wah!



That is how Governor's spanner boys i.e Hongo, Murgor and his "wife" Lutta whose husband passed on recently due to mdudu


Pray Pray Pray ....SAD!!....A serious open audit is required then.The government should move in with speed and ruthlessly....Who were their auditors between 2003 and 2013??
Nothing great was ever achieved without enthusiasm.
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littledove
#159 Posted : Friday, November 14, 2014 9:04:02 AM
Rank: Member


Joined: 7/1/2014
Posts: 897
Location: sky
This is exactly what is ailing this company!!!
and shareholders still waiting for turn around




http://www.businessdailyafrica.com/Corporate-News/Directors-of-Mumias-farmers--body-on-the-spot-/-/539550/2521572/-/osxnau/-/index.html
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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VituVingiSana
#160 Posted : Friday, November 14, 2014 9:17:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,067
Location: Nairobi
maka wrote:
Realtreaty wrote:
Punish those behind Mumias Sugar woes
The govt should bring in more new faces
Naikuni is also a farmer and can handle mumias with a hawkish eye to bring it back to profitability with blessings of President Uhuru.


Naikuni????
Fresh from KQ... where he left a gaping KES 10bn hole!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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