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Mumias FY 2014
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HaMaina
#21 Posted : Wednesday, September 10, 2014 2:13:21 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 903
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.


These persistent prophesies of doom are getting a little bit out of hand, but still I shall keep my hopes up.
“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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hisah
#22 Posted : Wednesday, September 10, 2014 3:03:48 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I was waiting for that news event and it has come to pass as expected that is the profit warning. While everyone is clamouring for the NSE pie this is a good hunting ground without crazy buying competition.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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stock.enigma
#23 Posted : Wednesday, September 10, 2014 3:11:21 PM
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Joined: 8/14/2009
Posts: 244
This thing will be at Sh. 2 tomorrow and looks like it might touch Sh 1 by Dec 2014 if nothing changes.
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h2s
#24 Posted : Wednesday, September 10, 2014 3:32:39 PM
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Joined: 7/20/2012
Posts: 141
stock.enigma wrote:
This thing will be at Sh. 2 tomorrow and looks like it might touch Sh 1 by Dec 2014 if nothing changes.

Indeed this will fall especially when Kwale Sugar start production.
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maka
#25 Posted : Wednesday, September 10, 2014 3:55:09 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
HaMaina wrote:
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.


These persistent prophesies of doom are getting a little bit out of hand, but still I shall keep my hopes up.

It was coming...
possunt quia posse videntur
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ecstacy
#26 Posted : Wednesday, September 10, 2014 3:58:51 PM
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Joined: 2/26/2008
Posts: 4,449
hisah wrote:
I was waiting for that news event and it has come to pass as expected that is the profit warning. While everyone is clamouring for the NSE pie this is a good hunting ground without crazy buying competition.


Question.. is this thing on its way to de-listing?..
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Othelo
#27 Posted : Wednesday, September 10, 2014 4:01:26 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
ecstacy wrote:
hisah wrote:
I was waiting for that news event and it has come to pass as expected that is the profit warning. While everyone is clamouring for the NSE pie this is a good hunting ground without crazy buying competition.


Question.. is this thing on its way to de-listing?..

UMK sorted out Sony and Muhoroni on Monday. I think for good will for Western, gava might come in and give some support ..... bailout of sorts!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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stock.enigma
#28 Posted : Wednesday, September 10, 2014 4:03:28 PM
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Posts: 244
Probably it will be suspended when creditors close in. This looks like an Uchumi phenomenon coming. It won't take long.
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Euge
#29 Posted : Wednesday, September 10, 2014 4:11:37 PM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
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.


Very bitter especially when this comes from an optimist
Lord, thank you!
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hisah
#30 Posted : Wednesday, September 10, 2014 4:29:10 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
ecstacy wrote:
hisah wrote:
I was waiting for that news event and it has come to pass as expected that is the profit warning. While everyone is clamouring for the NSE pie this is a good hunting ground without crazy buying competition.


Question.. is this thing on its way to de-listing?..

That risk is probable as well as bankruptcy. And if happens then a bailout becomes likely.

Now waiting patiently to see the test below 2/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#31 Posted : Wednesday, September 10, 2014 4:39:16 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
This KSB finance is indeed competitive that COOP was back burned. Equally surprised that MSC had never before accessed this KSB float.

Sony Sugar Company will reduce the loan amount that the firm was to acquire from the Cooperative Bank following the advance of a cheaper loan from the sector regulator.

Cooperative Bank had approved a Sh500 million loan for the sugar miller last week, a move that coincided with the release of Sh447 from the Sugar Directorate. The bank was issuing the loan at 12 per cent interest while the loan from the sugar fund is charged at an interest of 5 per cent, to be repaid in a period of five years.

“We are going to reduce the amount that we had applied for and only take about Sh100 million from the bank in order to meet our daily operations,” said Ms Odhiambo.
http://www.businessdaily...70/-/nhmpvm/-/index.html
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Cde Monomotapa
#32 Posted : Wednesday, September 10, 2014 6:34:18 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
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!


Well, from here we can tell that MSC is still ahead of the pack as others are being urged to follow suit;

[H.E UK] He then called on the companies to restructure their operations and diversify their production. “Do not depend on Government hand-outs but rather seek partnerships with other investors to diversify your activities in other areas such as ethanol and power production,” he told them. - See more at: http://www.the-star.co.k...ri#sthash.tv7I91EN.dpuf

We can't say much about sugar-beets right now so let's try subsidized fertilizer 1st to improve the farmers' & farms competitiveness, then in the long-run this -> Kenya signs pact for 15,000MT fertiliser plant http://www.capitalfm.co....000mt-fertiliser-plant/
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Gordon Gekko
#33 Posted : Wednesday, September 10, 2014 9:44:17 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
hisah wrote:
ecstacy wrote:
hisah wrote:
I was waiting for that news event and it has come to pass as expected that is the profit warning. While everyone is clamouring for the NSE pie this is a good hunting ground without crazy buying competition.


Question.. is this thing on its way to de-listing?..

That risk is probable as well as bankruptcy. And if happens then a bailout becomes likely.

Now waiting patiently to see the test below 2/-

1. GoK is the largest shareholder of MSC
2. Share price is market sentiment, not company value
3. Otolo seems to know where the leeches are, my only hope is that he has the political backing to carry out the surgery.
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mlennyma
#34 Posted : Thursday, September 11, 2014 9:49:49 AM
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Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Mumias set to break evereadys record of 1bob and some king'otore's
"Don't let the fear of losing be greater than the excitement of winning."
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Njung'e
#35 Posted : Thursday, September 11, 2014 10:07:44 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
The
government shouldn't bail this one without an audit report of the last 10
years.It would shock optimists......coming back?hard decisions....it's
D-Day.
Nothing great was ever achieved without enthusiasm.
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h2s
#36 Posted : Thursday, September 11, 2014 10:14:34 AM
Rank: Member


Joined: 7/20/2012
Posts: 141
mlennyma wrote:
Mumias set to break evereadys record of 1bob and some king'otore's

One has even placed a demand at 0.5 ksh!
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Aguytrying
#37 Posted : Thursday, September 11, 2014 10:15:34 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
Mumias set to break evereadys record of 1bob and some king'otore's


no pun intended @kingo'tore? ha ha ha
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#38 Posted : Thursday, September 11, 2014 11:12:24 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Injury Time: Omnibus measures.

1. Ministry seeks to cut cost of sugar production http://www.youtube.com/w...;feature=youtu.be&a

2. Millers raise alarm over underweight repackaged sugar

3. Probably this Joint tax deal to rein in EAC sugar cartels as pact takes effect will lead to this R76m Cigs seized

-END-

Oh yes, and hence, farmers 1st:

[Agric. CS] He added factories have been directed to pay farmers first before any other commitments through the farmers advanced scheme where for every sugarcane delivery, a farmer is to be paid a percentage of the overall fee.

“Whenever they sell the sugar they set aside the percentage equivalent to the cost of cane, Chemelil deposit that money into the farmers account at the rate of 50pc,” he said.

“Sony they are setting aside 37pc of sales every other time whether it is two bags whether it is a thousand bags whatever they receive day by day the money has to be channeled, this money will specifically be for farmers payment,” he said. http://www.capitalfm.co....d&utm_medium=twitter
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streetwise
#39 Posted : Thursday, September 11, 2014 11:14:33 AM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
The only consolation is that I saw a customer come into a shop..look around and ask " dont you have Mumias sugar".
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Othelo
#40 Posted : Thursday, September 11, 2014 11:25:47 AM
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Joined: 1/20/2014
Posts: 3,528
why the over 10% drop before results are announced!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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