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Mumias FY 2014
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Realtreaty
#1 Posted : Wednesday, September 03, 2014 7:25:34 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
Mumias suspends 27 managers in a fresh probe
Mumias suspends 27 managers in a fresh probe

This is the Ember month the Monkey (Mumias) gonna return with the cane. Will it have the "Mother's sweetness Nature?"
Was there a profit warning
What is going behind the scenes for Mumias.
Quote:
NABONGO WAS A KING, MUMIAS WERE SLAVES
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uchumi
#2 Posted : Wednesday, September 03, 2014 7:36:48 PM
Rank: Member


Joined: 9/16/2006
Posts: 228
http://www.the-star.co.k...-27-managers-fresh-probe
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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uchumi
#3 Posted : Wednesday, September 03, 2014 7:48:50 PM
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Joined: 9/16/2006
Posts: 228
it seems the company was rotten and the new md is trying all his best to bring it back to the glorly
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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VituVingiSana
#4 Posted : Friday, September 05, 2014 10:52:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,057
Location: Nairobi
Mumias Sugar Company suspends 27 managers in its Agriculture Department
http://ntv.nation.co.ke/...agriculture-department/

Good but it will take some time to regain the top spot. Profitability will take a 1-2 years. Decent profitability (ROA) will take much longer.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#5 Posted : Friday, September 05, 2014 11:49:44 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 903
VituVingiSana wrote:
Mumias Sugar Company suspends 27 managers in its Agriculture Department
http://ntv.nation.co.ke/...agriculture-department/

Good but it will take some time to regain the top spot. Profitability will take a 1-2 years. Decent profitability (ROA) will take much longer.


Zainab from the video speaks like she works at Mumias.Lets wait and see what the annual results tell us.
“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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streetwise
#6 Posted : Friday, September 05, 2014 12:31:19 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
benefit can only come from taking action and not just watching. And even if one losses you can write a book on how you lost and sell it.

In both cases you emerge a winner
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streetwise
#7 Posted : Friday, September 05, 2014 12:33:42 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
benefit can only come from taking action and not just watching. And even if one losses you can write a book on how you lost and sell it.

In both cases you emerge a winner
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Akenyan2014
#8 Posted : Friday, September 05, 2014 1:54:44 PM
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Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
streetwise wrote:
benefit can only come from taking action and not just watching. And even if one losses you can write a book on how you lost and sell it.

In both cases you emerge a winner



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly # making money 2014 ??
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Angelica _ann
#9 Posted : Friday, September 05, 2014 2:09:46 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Akenyan2014 wrote:
streetwise wrote:
benefit can only come from taking action and not just watching. And even if one losses you can write a book on how you lost and sell it.

In both cases you emerge a winner



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly # making money 2014 ??

Or start investor training and lectures on how not to loss money at the stock exchange!
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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MKWASI
#10 Posted : Friday, September 05, 2014 4:16:32 PM
Rank: Member


Joined: 4/20/2012
Posts: 888
Angelica _ann wrote:
Akenyan2014 wrote:
streetwise wrote:
benefit can only come from taking action and not just watching. And even if one losses you can write a book on how you lost and sell it.

In both cases you emerge a winner



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly # making money 2014 ??

Or start investor training and lectures on how not to loss money at the stock exchange!



Laughing out loudly Laughing out loudly

or better still how to suffer losses in silence.
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streetwise
#11 Posted : Friday, September 05, 2014 4:42:31 PM
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Joined: 6/23/2011
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Location: Nairobi
Also makes you strong..
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innovator
#12 Posted : Friday, September 05, 2014 5:06:04 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
MKWASI wrote:
Angelica _ann wrote:
Akenyan2014 wrote:
streetwise wrote:
benefit can only come from taking action and not just watching. And even if one losses you can write a book on how you lost and sell it.

In both cases you emerge a winner



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly # making money 2014 ??

Or start investor training and lectures on how not to loss money at the stock exchange!



Laughing out loudly Laughing out loudly

or better still how to suffer losses in silence.


or The power of loosing.
To loose is to gain knowledge.
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jerry
#13 Posted : Sunday, September 07, 2014 12:00:03 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Angelica _ann wrote:
Akenyan2014 wrote:
streetwise wrote:
benefit can only come from taking action and not just watching. And even if one losses you can write a book on how you lost and sell it.

In both cases you emerge a winner



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly # making money 2014 ??

Or start investor training and lectures on how not to loss money at the stock exchange!

This "book" will confuse pple. ... losses or loses? ...how not to loss or how not to lose??
The opposite of courage is not cowardice, it's conformity.
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Realtreaty
#14 Posted : Sunday, September 07, 2014 7:44:11 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
How rich is Mumias sugar?- The land, the bottled water, the ethanol fuel, the co-generation plant, the sugar milling etc.
We have seen most Agri-business companies with acreage of land having their stocks go up. Now the infamous 3.0 Kenya Orchards has become smart and is trading at 20.0. Will Mumias take after Orchards?
Can we start growing sugarbeets for mumias if cane is hard to grow.
In UAE- (desert land) a 2 Kg sugar pack costs ~100-115 kes, while in KENYA an Agric country it costs 250-300 kes (3 times)Sad Sad d'oh! d'oh!
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VituVingiSana
#15 Posted : Sunday, September 07, 2014 11:29:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,057
Location: Nairobi
Realtreaty wrote:
How rich is Mumias sugar?- The land, the bottled water, the ethanol fuel, the co-generation plant, the sugar milling etc.
We have seen most Agri-business companies with acreage of land having their stocks go up. Now the infamous 3.0 Kenya Orchards has become smart and is trading at 20.0. Will Mumias take after Orchards?
Can we start growing sugarbeets for mumias if cane is hard to grow.
In UAE- (desert land) a 2 Kg sugar pack costs ~100-115 kes, while in KENYA an Agric country it costs 250-300 kes (3 times)Sad Sad d'oh! d'oh!

Coz you pay for inefficiencies, high sugarcane prices, etc... In Dubai, they import 'cheap' sugar devoid of crazy additional expenses!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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stock.enigma
#16 Posted : Wednesday, September 10, 2014 10:48:00 AM
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Joined: 8/14/2009
Posts: 244
Now a profit warning. The projected loss for the year ending June 2014 will be more than 25% of the loss reported in 2013
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HaMaina
#17 Posted : Wednesday, September 10, 2014 10:58:11 AM
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Joined: 4/23/2014
Posts: 903
stock.enigma wrote:
Now a profit warning. The projected loss for the year ending June 2014 will be more than 25% of the loss reported in 2013


Kindly share the link where you got this info from.
“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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nahdy
#18 Posted : Wednesday, September 10, 2014 11:36:17 AM
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Joined: 6/29/2006
Posts: 184
HaMaina wrote:
stock.enigma wrote:
Now a profit warning. The projected loss for the year ending June 2014 will be more than 25% of the loss reported in 2013


Kindly share the link where you got this info from.


http://in.reuters.com/ar...r-idINL5N0RB0DD20140910
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The optimist
#19 Posted : Wednesday, September 10, 2014 11:43:41 AM
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Joined: 6/14/2010
Posts: 520
Location: Nairobi
nahdy wrote:
HaMaina wrote:
stock.enigma wrote:
Now a profit warning. The projected loss for the year ending June 2014 will be more than 25% of the loss reported in 2013


Kindly share the link where you got this info from.


http://in.reuters.com/ar...r-idINL5N0RB0DD20140910

Pray How bitter can the sugar get.
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cyruskulei
#20 Posted : Wednesday, September 10, 2014 2:01:58 PM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
The optimist wrote:
nahdy wrote:
HaMaina wrote:
stock.enigma wrote:
Now a profit warning. The projected loss for the year ending June 2014 will be more than 25% of the loss reported in 2013


Kindly share the link where you got this info from.


http://in.reuters.com/ar...r-idINL5N0RB0DD20140910

Pray How bitter can the sugar get.


This thing is going purely downwards. Dropping Double edged sword. Hold it at your own risk.
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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