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131 Pages«<128129130131>
Mumias Sugar huge demand
Njunge
#2581 Posted : Wednesday, May 08, 2019 5:58:30 PM
Rank: Elder


Joined: 2/7/2007
Posts: 671
FUNKY wrote:
Njunge wrote:
Realtreaty wrote:
President Uhuru should take lead in ensuring Mumias and other sugar companies that are majority Govt owned have strict board appointees while Govt appointee should strictly follow the rules of govt to help create employment and make money.

They should be forced to have quarterly reports


I would agree to some extent but as it is, the gaament does not have full control over who becomes a board. Even then, the current gaament appointed board members at Mumias are totally clueless and are partly to blame for the mess there. I still hold that Western politicians would have saved MSc, unfortunately, they speak not one language while a majority are deep in the pockets of Rai.... This being the case and it's well known by Uhuru, who is he to care?


You mean kabras is the reason for downfall of mumias?


Not just Mumias, virtually all state owned sugar industries and all this is the work of that crook Rai. It's also not a secret Tha arap ma~land is no far from there. To what end and how did Rai do it? For starters, almost all sugar mills have their own nucleus estate. It was a prerequisite to have own estate before establishing a factory. Besides the estate, the various firms had contracted farmers around their mills and areas were zoned in a way to avoid conflict between mills. The sugar mills had contracts with the farmers but somewhere along, zoning was scrapped and Rai with his deep pockets invaded contracted farmers with cash. The poor farmers trashed the contracts and sold their cane to Rai. Today, farmers owe government owned mills several billions in unfulfilled contracts. Besides, the canny Rai did not stop there. He has established mills around gaament owned mills with a view of killing them off and then buy their estates and mills for a song. This besides establishing weigh bridges and cane buying centre's at the doorsteps of gaament owned mills. The script is so well done that I highly doubt any of the mills will survive that mukora onslaught. It's Panpaper season 2.
Njunge
#2582 Posted : Wednesday, May 08, 2019 6:37:41 PM
Rank: Elder


Joined: 2/7/2007
Posts: 671
.
VituVingiSana
#2583 Posted : Wednesday, May 08, 2019 7:54:13 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
@Njunge: From your rants, it seems the fault lies with those who break their contracts.
If a farmer has signed up with a sugarcane processing firm then both parties should fulfill their end of the contract.

So who did not do so?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#2584 Posted : Wednesday, May 08, 2019 10:09:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
Sony Sugar loses millions in fake payment claims
https://www.nation.co.ke...3186-vet196z/index.html
>>> Nothing to do with private millers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Njunge
#2585 Posted : Wednesday, May 08, 2019 10:13:00 PM
Rank: Elder


Joined: 2/7/2007
Posts: 671
VituVingiSana wrote:
@Njunge: From your rants, it seems the fault lies with those who break their contracts.
If a farmer has signed up with a sugarcane processing firm then both parties should fulfill their end of the contract.

So who did not do so?


The farmer alright but someone took advantage of the poor farmers in his grand scheme of things.
VituVingiSana
#2586 Posted : Wednesday, May 08, 2019 10:36:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
Njunge wrote:
VituVingiSana wrote:
@Njunge: From your rants, it seems the fault lies with those who break their contracts.
If a farmer has signed up with a sugarcane processing firm then both parties should fulfill their end of the contract.

So who did not do so?


The farmer alright but someone took advantage of the poor farmers in his grand scheme of things.
How so?
If a farmer and sugarcane processor willingly enter into an arms-length contract then both have obligations to each other.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#2587 Posted : Wednesday, May 08, 2019 10:52:57 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,666
Location: nairobi
VituVingiSana wrote:
Njunge wrote:
VituVingiSana wrote:
@Njunge: From your rants, it seems the fault lies with those who break their contracts.
If a farmer has signed up with a sugarcane processing firm then both parties should fulfill their end of the contract.

So who did not do so?


The farmer alright but someone took advantage of the poor farmers in his grand scheme of things.
How so?
If a farmer and sugarcane processor willingly enter into an arms-length contract then both have obligations to each other.

Njunge has a point about posturing by Rai.. He's shaking down the farmers
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#2588 Posted : Thursday, May 09, 2019 1:19:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Njunge wrote:
VituVingiSana wrote:
@Njunge: From your rants, it seems the fault lies with those who break their contracts.
If a farmer has signed up with a sugarcane processing firm then both parties should fulfill their end of the contract.

So who did not do so?


The farmer alright but someone took advantage of the poor farmers in his grand scheme of things.
How so?
If a farmer and sugarcane processor willingly enter into an arms-length contract then both have obligations to each other.

Njunge has a point about posturing by Rai.. He's shaking down the farmers
How?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
iris
#2589 Posted : Thursday, May 09, 2019 10:39:23 AM
Rank: Member


Joined: 9/11/2014
Posts: 217
Location: Nairobi
VituVingiSana wrote:
Njunge wrote:
VituVingiSana wrote:
@Njunge: From your rants, it seems the fault lies with those who break their contracts.
If a farmer has signed up with a sugarcane processing firm then both parties should fulfill their end of the contract.

So who did not do so?


The farmer alright but someone took advantage of the poor farmers in his grand scheme of things.
How so?
If a farmer and sugarcane processor willingly enter into an arms-length contract then both have obligations to each other.


You are theoretically right, but your reasoning makes one wonder at the fact that you occupy the same universe as those farmers, obligations notwithstanding
VituVingiSana
#2590 Posted : Thursday, May 09, 2019 11:02:19 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
iris wrote:
VituVingiSana wrote:
Njunge wrote:
VituVingiSana wrote:
@Njunge: From your rants, it seems the fault lies with those who break their contracts.
If a farmer has signed up with a sugarcane processing firm then both parties should fulfill their end of the contract.

So who did not do so?


The farmer alright but someone took advantage of the poor farmers in his grand scheme of things.
How so?
If a farmer and sugarcane processor willingly enter into an arms-length contract then both have obligations to each other.

You are theoretically right, but your reasoning makes one wonder at the fact that you occupy the same universe as those farmers, obligations notwithstanding
Well, unless we are characters in Marvel's Multiverse, here we are in the same universe.
Please enlighten us. Your mysterious Dr. Strange answer was rather cryptic.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
FUNKY
#2591 Posted : Monday, May 13, 2019 4:51:57 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,411
Njunge
#2592 Posted : Monday, May 13, 2019 5:01:32 PM
Rank: Elder


Joined: 2/7/2007
Posts: 671
FUNKY wrote:
https://www.kahawatungu.com/2019/05/12/rai-family-targets-mumias-sugar-nucleus-estate/amp/



There you are!
VituVingiSana
#2593 Posted : Monday, May 13, 2019 5:47:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
Njunge wrote:
FUNKY wrote:
https://www.kahawatungu.com/2019/05/12/rai-family-targets-mumias-sugar-nucleus-estate/amp/



There you are!
Laughing out loudly Laughing out loudly Laughing out loudly Kahawa Tungu?
I don't care if the Rais buys it as long as it's a fair price and Mumias stops becoming a leech on Taxpayers.
Of course, I would not want to see sugar imports banned to support the Rais either!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
FUNKY
#2594 Posted : Monday, May 20, 2019 10:59:22 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,411
HaMaina
#2595 Posted : Monday, May 20, 2019 11:46:13 AM
Rank: Member


Joined: 4/23/2014
Posts: 594
FUNKY wrote:
https://www.kbc.co.ke/oparanya-takes-over-running-of-mumias-sugar-company/amp/

@njunge any comments on this!


This is just the usual political nonsense.

Mumias board dismisses alleged takeover by Oparanya

https://www.the-star.co....d-takeover-by-oparanya/
“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
cyruskulei
#2596 Posted : Thursday, May 23, 2019 10:42:23 AM
Rank: Member


Joined: 3/9/2010
Posts: 134
Location: kenya
This sweet counter is getting bitter as the days grow old.

When it was trading @49.00 it appeared nice. Then what happened and who should be held accountable?

The shareholders (owners), farmers, suppliers etc are all asking, " What happened?". I don't know.

Imagine, no one is willing to take give a concrete answer to that bit of question.

I once heard Kimunya say "stock market is NOT a fish market." Someone find him for a refresher interview of the same.

Anyway, losses made and life must move on.
The monkey now is heading to 0.05 shillings

https://live.mystocks.co...;ind=rsi;corp;w=900;lgnd
Make money when others are lamenting
FUNKY
#2597 Posted : Thursday, May 23, 2019 11:39:28 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,411
HaMaina
#2598 Posted : Thursday, May 23, 2019 11:57:44 AM
Rank: Member


Joined: 4/23/2014
Posts: 594
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-05-23-governor-oparanyas-bid-to-takeover-mumias-flops/


It's excellent the panic Oparanya has caused. I was lucky to load a few at 0.27. Excellent Price.
“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
VituVingiSana
#2599 Posted : Thursday, May 23, 2019 12:21:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
HaMaina wrote:
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-05-23-governor-oparanyas-bid-to-takeover-mumias-flops/


It's excellent the panic Oparanya has caused. I was lucky to load a few at 0.27. Excellent Price.
More on offer at 30 cents. You should keep on bidding at 27 cents. Conviction.
*No, I am not touching MSC with a 10-foot sugarcane stalk
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
FUNKY
#2600 Posted : Friday, May 24, 2019 1:06:06 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,411
12-MEMBER TASKFORCE appointed by Governor Oparanya to oversee revival of Mumias Sugar sworn in amid protests from the company management.
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