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Mumias Sugar huge demand
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Sober
#2101 Posted : Thursday, October 06, 2016 12:21:14 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
streetwise wrote:
There must be some other news, I see an upswing of 9% , why ?


The upswing may be as a result of minimum divisible currency which in this case is 5 cents (Ksh 0.05).
A wing of 5 cents at a price of 1.05 where Mumias sugar is amounts to 4.8% fluctuation.

At such a level I advice traders to look at volumes rather than Price fluctuations Liar
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Impunity
#2102 Posted : Thursday, October 06, 2016 1:11:47 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
Sober wrote:
streetwise wrote:
There must be some other news, I see an upswing of 9% , why ?


The upswing may be as a result of minimum divisible currency which in this case is 5 cents (Ksh 0.05).
A wing of 5 cents at a price of 1.05 where Mumias sugar is amounts to 4.8% fluctuation.

At such a level I advice traders to look at volumes rather than Price fluctuations Liar


hear here.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Spikes
#2103 Posted : Sunday, October 09, 2016 4:58:26 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
http://www.standardmedia...ment-deals-worth-sh300b



Competition intesfies that could edge MSC out of market in less than a decade. Kshs 80B up for sugar plantation in Kilifi county something that does not augur well with Mumias sugar business model.

Agribusiness firm Tembo farming has sealed a deal that will see production of the sweetener increase. However,it is not clear whether the firm will be supplying millers with canes.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Realtreaty
#2104 Posted : Monday, October 10, 2016 11:35:34 AM
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Joined: 8/16/2011
Posts: 2,260
The Luhya community has a 76% staffing in this firm. Now I can tell why it is failing. Eating raw cane nd making Busaa from sucrose!!! Selling less and not paying farmers. I wonder which language is official in there.
How do you say in Luhya the "Boiler is not working?" Milling wheel has stalled?"
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Angelica _ann
#2105 Posted : Monday, October 10, 2016 12:53:40 PM
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Joined: 12/7/2012
Posts: 11,901
Realtreaty wrote:
The Luhya community has a 76% staffing in this firm. Now I can tell why it is failing. Eating raw cane nd making Busaa from sucrose!!! Selling less and not paying farmers. I wonder which language is official in there.
How do you say in Luhya the "Boiler is not working?" Milling wheel has stalled?"

Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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maka
#2106 Posted : Monday, October 10, 2016 1:05:36 PM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Angelica _ann wrote:
Realtreaty wrote:
The Luhya community has a 76% staffing in this firm. Now I can tell why it is failing. Eating raw cane nd making Busaa from sucrose!!! Selling less and not paying farmers. I wonder which language is official in there.
How do you say in Luhya the "Boiler is not working?" Milling wheel has stalled?"

Sad Sad Sad


Pole @A.A
possunt quia posse videntur
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HaMaina
#2107 Posted : Tuesday, October 11, 2016 1:38:29 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 903
Realtreaty wrote:
The Luhya community has a 76% staffing in this firm. Now I can tell why it is failing. Eating raw cane nd making Busaa from sucrose!!! Selling less and not paying farmers. I wonder which language is official in there.
How do you say in Luhya the "Boiler is not working?" Milling wheel has stalled?"


The staffing issue is rather obvious, the majority of staff in any organization are in the lower wage bracket, for the manual and labour intensive jobs. If Mumias was in Nyanza, I would expect the Luo Community to be the majority. The Kikuyu are also the majority in the tea ,coffee,pineapple factories in central.
Lets try and make sensible statements.
“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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HaMaina
#2108 Posted : Wednesday, October 12, 2016 10:50:48 AM
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Joined: 4/23/2014
Posts: 903
Kenya secures 2-year deal to keep out cheap sugar imports: report

http://af.reuters.com/ar...stingNews/idAFKCN12C0NR

UnconfirmedPray
“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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Angelica _ann
#2109 Posted : Wednesday, October 12, 2016 11:12:54 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
HaMaina wrote:
Kenya secures 2-year deal to keep out cheap sugar imports: report

http://af.reuters.com/ar...stingNews/idAFKCN12C0NR

UnconfirmedPray

For how long will they keep doing this..... while internal issues still manifest themselves and persist Y/Y.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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MadDoc
#2110 Posted : Thursday, October 13, 2016 7:32:39 PM
Rank: Member


Joined: 10/26/2015
Posts: 151
Angelica _ann wrote:
HaMaina wrote:
Kenya secures 2-year deal to keep out cheap sugar imports: report

http://af.reuters.com/ar...stingNews/idAFKCN12C0NR

UnconfirmedPray

For how long will they keep doing this..... while internal issues still manifest themselves and persist Y/Y.


d'oh! a waste of taxpayer's money.C'mon they don't have any product on the shelves.
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HaMaina
#2111 Posted : Friday, October 14, 2016 3:01:35 PM
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Joined: 4/23/2014
Posts: 903
The demand today seems to be unusually high, is there any news?
“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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Spikes
#2112 Posted : Friday, October 14, 2016 3:05:41 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
HaMaina wrote:
The demand today seems to be unusually high, is there any news?



No news. Just speculation in the last quarter to make money for the holiday .
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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HaMaina
#2113 Posted : Friday, October 14, 2016 4:09:10 PM
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Joined: 4/23/2014
Posts: 903
Comesa to rule on Kenya bid for 2-year sugar imports extension limits Saturday

http://www.businessdaily...4526-blwcjrz/index.html

“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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Spikes
#2114 Posted : Friday, October 14, 2016 4:33:31 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
HaMaina wrote:
Comesa to rule on Kenya bid for 2-year sugar imports extension limits Saturday

http://www.businessdaily...4526-blwcjrz/index.html




Hiyo news imepitwa na wakati. Mpaka lini?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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MadDoc
#2115 Posted : Sunday, October 16, 2016 9:36:35 AM
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Joined: 10/26/2015
Posts: 151
HaMaina wrote:
Comesa to rule on Kenya bid for 2-year sugar imports extension limits Saturday

http://www.businessdaily...4526-blwcjrz/index.html



I've got to give it to you. The balls on you must be platinum.
Still in this counter?Applause
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HaMaina
#2116 Posted : Wednesday, October 19, 2016 2:55:05 PM
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Joined: 4/23/2014
Posts: 903
Spikes wrote:
HaMaina wrote:
Comesa to rule on Kenya bid for 2-year sugar imports extension limits Saturday

http://www.businessdaily...4526-blwcjrz/index.html




Hiyo news imepitwa na wakati. Mpaka lini?


More credible source.

http://www.businessdaily...e/539548-3421474-vckcxt/
“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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HaMaina
#2117 Posted : Tuesday, November 01, 2016 10:39:12 AM
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Joined: 4/23/2014
Posts: 903
KBC should do something about their reporting.

https://www.youtube.com/watch?v=T-S9QBSWc0M
“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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ARAP CHARLES
#2118 Posted : Thursday, November 10, 2016 10:16:15 AM
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Joined: 5/30/2016
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Location: Talai
There has been a huge supply of mumias shares.. is this the government try exit chini ya maji..
Watch and Listen and Live
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VituVingiSana
#2119 Posted : Thursday, November 10, 2016 11:07:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
ARAP CHARLES wrote:
There has been a huge supply of mumias shares.. is this the government try exit chini ya maji..

Why are you afraid? Top up on Mumias just like KQ. Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Magnate
#2120 Posted : Monday, November 21, 2016 2:16:47 PM
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Joined: 11/1/2013
Posts: 257
AGM 9th December
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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