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mumias sugar H1 down 22%
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bartum
#1 Posted : Friday, January 28, 2011 10:11:13 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
profit down 22% H1 things dont add up here. Downward trend continues.
@njunge tell us whats hapening
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jerry
#2 Posted : Saturday, January 29, 2011 12:11:32 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Info source?
The opposite of courage is not cowardice, it's conformity.
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Tommy
#3 Posted : Saturday, January 29, 2011 8:28:53 AM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
based on the high profits they posted last year, i dont think they would have been able to match that growth.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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  | | Edit by user: Saturday, January 29, 2011 12:25 PM | Reason: Not specified
Njung'e
#4 Posted : Saturday, January 29, 2011 9:21:34 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Bartum,
Refer to this;

http://www.wazua.co.ke/f...spx?g=posts&m=101767
Nothing great was ever achieved without enthusiasm.
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For Sport
#5 Posted : Saturday, January 29, 2011 9:23:39 AM
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Joined: 12/23/2010
Posts: 1,229
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mlennyma
#6 Posted : Saturday, January 29, 2011 9:36:22 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
To me its undertandable after the record over 500% last time,they could not match that.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#7 Posted : Saturday, January 29, 2011 9:59:18 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Mmmmh. With the expected drought, mumias shouldn't experience transporting problems this half year.....if that was really the problem.....if comesa wasn't looming over this counter. Id wait for the market to react to this H1 news, drive the share down. Then buy and hold for a year.
The investor's chief problem - and even his worst enemy - is likely to be himself
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PKoli
#8 Posted : Saturday, January 29, 2011 5:47:07 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
The saviour for MSC will neither come from Co-gen nor Ethanol businesses. Those are minor contribution to the bottomline of the company. MSC will will thrive if they get it right at the Tana river basin. That is the only time they will be a competitor regionally.
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Gatheuzi
#9 Posted : Saturday, January 29, 2011 7:03:29 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
@ pkoli, I share the same sentiments with you. The management should do all they can to get this TARDA thing off the ground.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Njung'e
#10 Posted : Sunday, January 30, 2011 10:41:45 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Pkoli,
Co-gen as a stream may not make much money but where i have seen them work well especially in India and Brazil,the word is efficiency.At least MSC should be moving alongside to do away with old steam turbines and opt for VFD drives which are much cheaper to maintain while steam thus goes to power generation.The ethanol plant is not as small a revenue stream but i do agree that TARDA will be the ultimate although on a first come basis,i would wish to see the Ethanol plant going,an acquisition (Nzoia comes to mind) and finally move on to TARDA.My two Zim cents
Nothing great was ever achieved without enthusiasm.
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