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131 Pages«<126127128129130>»
Mumias Sugar huge demand
Ericsson
#2541 Posted : Thursday, April 11, 2019 9:32:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,710
Location: NAIROBI
Ebenyo wrote:
Njunge wrote:
https://www.standardmedia.co.ke/business/article/2001320344/uproar-over-plan-to-dispose-mumias-sugar-assets



The directors cannot be trusted with this move.This will lead to massive underhand tactics.


Hapa ni kula tuu
HaMaina
#2542 Posted : Friday, April 12, 2019 8:35:03 AM
Rank: Member


Joined: 4/23/2014
Posts: 598
Ericsson wrote:
Ebenyo wrote:
Njunge wrote:
https://www.standardmedia.co.ke/business/article/2001320344/uproar-over-plan-to-dispose-mumias-sugar-assets



The directors cannot be trusted with this move.This will lead to massive underhand tactics.


Hapa ni kula tuu


Mumias Sugar denies assets disposal plan

https://www.businessdail...67724-xi21ux/index.html

-I think there are some people trying very hard to keep this stock price suppressed.
“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
Ericsson
#2543 Posted : Friday, April 12, 2019 1:30:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,710
Location: NAIROBI
Any share trading below 50 cents should be suspended from trading.
Ebenyo
#2544 Posted : Friday, April 12, 2019 1:39:20 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,627
Location: Kitale
HaMaina wrote:
Ericsson wrote:
Ebenyo wrote:
[quote=Njunge]https://www.standardmedia.co.ke/business/article/2001320344/uproar-over-plan-to-dispose-mumias-sugar-assets



The directors cannot be trusted with this move.This will lead to massive underhand tactics.


Hapa ni kula tuu


Mumias Sugar denies assets disposal plan

https://www.businessdail...67724-xi21ux/index.html


some guys wanted to create an avenue to steal but they have been scared by the outcry.
Towards the goal of financial freedom
HaMaina
#2545 Posted : Friday, April 12, 2019 2:50:46 PM
Rank: Member


Joined: 4/23/2014
Posts: 598
Who knows when the supplementary budget is being read?? Could it be tomorrow?
“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
Yliett
#2546 Posted : Tuesday, April 16, 2019 2:51:43 PM
Rank: New-farer


Joined: 12/23/2018
Posts: 31
Location: germany
Investments in sugar companies might be good buy only for a short period of time. This is due to very volatile market price which originate from worlds demand on sugar as a product. So, these companies sometimes can outperform and sometimes might have not so good performance
FUNKY
#2547 Posted : Thursday, April 18, 2019 5:47:25 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,415
Now with the ongoing drought any update on the affairs of the miller?
HaMaina
#2548 Posted : Monday, April 29, 2019 10:22:59 AM
Rank: Member


Joined: 4/23/2014
Posts: 598
KHALWALE WANT KIDERO ARRESTED.

https://www.youtube.com/watch?v=h4MFjhLsI4k
“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
Njunge
#2549 Posted : Monday, April 29, 2019 6:02:38 PM
Rank: Elder


Joined: 2/7/2007
Posts: 671
Any plans of milling have been shelved and the few remaining staff from milling and sugar production have been asked to take indefinite leave. Looks like the six months I gave HaMaina will be surpassed by a couple of years... lol.
FUNKY
#2550 Posted : Monday, April 29, 2019 6:24:59 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,415
Njunge wrote:
Any plans of milling have been shelved and the few remaining staff from milling and sugar production have been asked to take indefinite leave. Looks like the six months I gave HaMaina will be surpassed by a couple of years... lol.

What's the reason for not reviving?
HaMaina
#2551 Posted : Monday, April 29, 2019 7:58:45 PM
Rank: Member


Joined: 4/23/2014
Posts: 598
Njunge wrote:
Any plans of milling have been shelved and the few remaining staff from milling and sugar production have been asked to take indefinite leave. Looks like the six months I gave HaMaina will be surpassed by a couple of years... lol.


Let the 6 months get finished, then I'll believe you, right now on buying with anything I can get, even unused pub funds.
“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
obiero
#2552 Posted : Thursday, May 02, 2019 9:41:12 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,670
Location: nairobi
KES 0.33 per share
COOP 5,500; KCB 3,700; KQ 221,100
FUNKY
#2553 Posted : Thursday, May 02, 2019 10:00:32 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,415
obiero wrote:
KES 0.33 per share

I wonder why NSE is not suspending this stock from trading!
obiero
#2554 Posted : Thursday, May 02, 2019 10:05:10 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,670
Location: nairobi
FUNKY wrote:
obiero wrote:
KES 0.33 per share

I wonder why NSE is not suspending this stock from trading!

Only Uchumi & KQ were once suspended among all GoK stocks, unless my memory serves me wrong
COOP 5,500; KCB 3,700; KQ 221,100
Ebenyo
#2555 Posted : Friday, May 03, 2019 8:50:04 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,627
Location: Kitale
FUNKY wrote:
obiero wrote:
KES 0.33 per share

I wonder why NSE is not suspending this stock from trading!




According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000
Assets were kshs 15,433,845,000

This makes the shareholders to be in negative 15,919,610,000
This means all those who have shares in mumias are holding nothing as the company is worthless.
The remedy is for a strategic investor to clear all the liabilities for equity a location.
KQ is also still in negative equity position of kshs 2,493,000,000
After all those debt to equity converstion!

Towards the goal of financial freedom
VituVingiSana
#2556 Posted : Friday, May 03, 2019 9:30:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,902
Location: Nairobi
Ebenyo wrote:
FUNKY wrote:
obiero wrote:
KES 0.33 per share

I wonder why NSE is not suspending this stock from trading!


According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000
Assets were kshs 15,433,845,000

This makes the shareholders to be in negative 15,919,610,000
This means all those who have shares in mumias are holding nothing as the company is worthless.
The remedy is for a strategic investor to clear all the liabilities for equity a location.
KQ is also still in negative equity position of kshs 2,493,000,000
After all those debt to equity converstion!
Both firms should be euthanized.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#2557 Posted : Friday, May 03, 2019 9:38:31 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,627
Location: Kitale
VituVingiSana wrote:
Ebenyo wrote:
FUNKY wrote:
obiero wrote:
KES 0.33 per share

I wonder why NSE is not suspending this stock from trading!


According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000
Assets were kshs 15,433,845,000

This makes the shareholders to be in negative 15,919,610,000
This means all those who have shares in mumias are holding nothing as the company is worthless.
The remedy is for a strategic investor to clear all the liabilities for equity a location.
KQ is also still in negative equity position of kshs 2,493,000,000
After all those debt to equity converstion!
Both firms should be euthanized.



Laughing out loudly
Towards the goal of financial freedom
FUNKY
#2558 Posted : Friday, May 03, 2019 11:05:53 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,415
Ebenyo
#2559 Posted : Friday, May 03, 2019 1:19:48 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,627
Location: Kitale
FUNKY wrote:
https://www.nation.co.ke/news/Oparanya-opposes-Mumias-Sugar-plans-to-lease-assets/1056-5098124-view-asAMP-mwdc7s/index.html




The idea is intended to generate more revenue.So the issue here is if the management can be trusted of which Oparanya thinks no.
Towards the goal of financial freedom
kayhara
#2560 Posted : Friday, May 03, 2019 8:39:48 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 982
Ebenyo wrote:
VituVingiSana wrote:
Ebenyo wrote:
FUNKY wrote:
obiero wrote:
KES 0.33 per share

I wonder why NSE is not suspending this stock from trading!


According to the latest mumias sugar results for six months ended 31st December 2018,total liabilities is kshs 31,353,455,000
Assets were kshs 15,433,845,000

This makes the shareholders to be in negative 15,919,610,000
This means all those who have shares in mumias are holding nothing as the company is worthless.
The remedy is for a strategic investor to clear all the liabilities for equity a location.
KQ is also still in negative equity position of kshs 2,493,000,000
After all those debt to equity converstion!
Both firms should be euthanized.



Laughing out loudly

No lets see how low it can go, I don't see any good news anytime soon that can lift it above 0.50, can it really go below 0.10, or 0.05?
To Each His Own
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