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Mumias Sugar huge demand
Rank: Veteran Joined: 4/23/2014 Posts: 903
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Njunge wrote:HaMaina wrote:Njunge wrote:@Msc junkies. Look out for MSC revival plan by the Oparanya appointed task force. I think launching will be on 4th Sept by the governor himself. Mumias Sugar did not recocnise the Oparanya task force, it might be difficult for them to have any impact on the company. But lets wait and see. Who in particular? Last I remember is the board, the governor and the taskforce meeting at Kilimo house and pledging to work together. Not that I expect much. Sugar task force starts work despite CMA warningOparanya unveils team to revive troubled sugar mill“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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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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HaMaina wrote:Njunge wrote:HaMaina wrote:Njunge wrote:@Msc junkies. Look out for MSC revival plan by the Oparanya appointed task force. I think launching will be on 4th Sept by the governor himself. Mumias Sugar did not recocnise the Oparanya task force, it might be difficult for them to have any impact on the company. But lets wait and see. Who in particular? Last I remember is the board, the governor and the taskforce meeting at Kilimo house and pledging to work together. Not that I expect much. Sugar task force starts work despite CMA warningOparanya unveils team to revive troubled sugar mill Let the county and people of Kakamega buy out other shareholders of Mumias. Mumias is a strategic asset for Kakamega. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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sparkly wrote:HaMaina wrote:Njunge wrote:HaMaina wrote:Njunge wrote:@Msc junkies. Look out for MSC revival plan by the Oparanya appointed task force. I think launching will be on 4th Sept by the governor himself. Mumias Sugar did not recocnise the Oparanya task force, it might be difficult for them to have any impact on the company. But lets wait and see. Who in particular? Last I remember is the board, the governor and the taskforce meeting at Kilimo house and pledging to work together. Not that I expect much. Sugar task force starts work despite CMA warningOparanya unveils team to revive troubled sugar mill Let the county and people of Kakamega buy out other shareholders of Mumias. Mumias is a strategic asset for Kakamega.  I take it you have shares in Mumias just like someone who has shares in a certain transport firm wants GoK to buy him out at a huge premium to NAV Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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KRA descends on Mumias over Sh10bn tax arrears“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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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Can Mumias sugar raise that amount in it's current state Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:Can Mumias sugar raise that amount in it's current state Mumias is dead_KRA goes for the bones & skeleton  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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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Angelica _ann wrote:Ericsson wrote:Can Mumias sugar raise that amount in it's current state Mumias is dead_KRA goes for the bones & skeleton shit this guys want to finish me,  speculator life, why can't KRA takeover operations until they recover the tax ama receivership To Each His Own
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:HaMaina wrote:Njunge wrote:HaMaina wrote:Njunge wrote:@Msc junkies. Look out for MSC revival plan by the Oparanya appointed task force. I think launching will be on 4th Sept by the governor himself. Mumias Sugar did not recocnise the Oparanya task force, it might be difficult for them to have any impact on the company. But lets wait and see. Who in particular? Last I remember is the board, the governor and the taskforce meeting at Kilimo house and pledging to work together. Not that I expect much. Sugar task force starts work despite CMA warningOparanya unveils team to revive troubled sugar mill Let the county and people of Kakamega buy out other shareholders of Mumias. Mumias is a strategic asset for Kakamega. I take it you have shares in Mumias just like someone who has shares in a certain transport firm wants GoK to buy him out at a huge premium to NAV If Oparanya wants to revive MSC, let him buy it out. You can't teach another man's wife how to make love. Life is short. Live passionately.
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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That Oparanya revival plan can't hold any water if it's personal without the national government. Today I think all he did was embaras himself on live TV. “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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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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HaMaina wrote:That Oparanya revival plan can't hold any water if it's personal without the national government. Today I think all he did was embaras himself on live TV. Reviving Mumias means business for some cartels have to be dismantled. Sugar importation is a lucrative business for the political elite. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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HaMaina wrote:That Oparanya revival plan can't hold any water if it's personal without the national government. Today I think all he did was embaras himself on live TV. The task force also suggested that the county should use part of its revenue to buy shares of the ailing Mumias Sugar Company, as it moves towards full control. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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Sugar millers brace for Uganda competition https://www.businessdail...4476-w1lx54z/index.html Kenya currently imports 30,000 tonnes of sugar from Uganda annually, but Kampala wants to enhance the volumes to 90,000 tonnes following surplus in production. Uganda is also seeking to export sugar cane. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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This stock has been unusually quiet for a while,any info??  “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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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Have you heard any noise from the factory? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/7/2007 Posts: 921
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Under receivership effective today.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Njunge wrote:Under receivership effective today. Holy moly, happened when I was away from computer I need to offload ASAP that is if I can get a buyer, man getting screwed all over I just got off KP to MSC To Each His Own
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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kayhara wrote:Njunge wrote:Under receivership effective today. Holy moly, happened when I was away from computer I need to offload ASAP that is if I can get a buyer, man getting screwed all over I just got off KP to MSC If it is under receivership then chances are the shares will be suspended. Do what I did with ARM and provision 100%. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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kayhara wrote:Njunge wrote:Under receivership effective today. Holy moly, happened when I was away from computer I need to offload ASAP that is if I can get a buyer, man getting screwed all over I just got off KP to MSC Once a screw always a screw. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Njunge wrote:Under receivership effective today. KCB bank places Mumias under receivership to protect its assets and to the best extent maintain its operations. Mumias to be suspended from trading in the NSE. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/7/2007 Posts: 921
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Ericsson wrote:Njunge wrote:Under receivership effective today. KCB bank places Mumias under receivership to protect its assets and to the best extent maintain its operations. Mumias to be suspended from trading in the NSE. I wondered long ago and NSE ought to have suspended this one eons ago. Kayhara and the likes would not be shitting bricks now. On another note, I think the move by KCB is dumb and ill informed. The receiver manager has zero capacity to resume operations and even if he had, he would still require capital in the region of Kshs 7b to start any meaningful operations. Dead move.
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