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139 Pages«<133134135136137>»
Mumias Sugar huge demand
HaMaina
#2681 Posted : Friday, August 30, 2019 10:35:20 AM
Rank: Member


Joined: 4/23/2014
Posts: 656
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 warning

Oparanya 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
sparkly
#2682 Posted : Friday, August 30, 2019 12:15:24 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,305
Location: Enk are Nyirobi
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 warning

Oparanya 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.
VituVingiSana
#2683 Posted : Friday, August 30, 2019 3:41:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,450
Location: Nairobi
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 warning

Oparanya 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.
Laughing out loudly Laughing out loudly Laughing out loudly 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 Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
HaMaina
#2684 Posted : Monday, September 02, 2019 4:11:36 PM
Rank: Member


Joined: 4/23/2014
Posts: 656
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
Ericsson
#2685 Posted : Monday, September 02, 2019 4:29:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,450
Location: NAIROBI


Can Mumias sugar raise that amount in it's current state
Angelica _ann
#2686 Posted : Monday, September 02, 2019 4:38:06 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,869
Ericsson wrote:


Can Mumias sugar raise that amount in it's current state


Mumias is dead_KRA goes for the bones & skeleton smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
kayhara
#2687 Posted : Monday, September 02, 2019 5:19:11 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,026
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 smile

shit this guys want to finish me, Pray Pray speculator life, why can't KRA takeover operations until they recover the tax ama receivership
To Each His Own
sparkly
#2688 Posted : Tuesday, September 03, 2019 8:41:07 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,305
Location: Enk are Nyirobi
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 warning

Oparanya 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.
Laughing out loudly Laughing out loudly Laughing out loudly 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 Laughing out loudly


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.
HaMaina
#2689 Posted : Wednesday, September 04, 2019 10:13:07 PM
Rank: Member


Joined: 4/23/2014
Posts: 656
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
Ericsson
#2690 Posted : Thursday, September 05, 2019 9:31:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,450
Location: NAIROBI
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.
Ericsson
#2691 Posted : Thursday, September 05, 2019 12:58:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,450
Location: NAIROBI
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.
VituVingiSana
#2692 Posted : Monday, September 16, 2019 4:37:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,450
Location: Nairobi
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
HaMaina
#2693 Posted : Tuesday, September 24, 2019 1:31:04 PM
Rank: Member


Joined: 4/23/2014
Posts: 656
This stock has been unusually quiet for a while,any info??Sad Sad Sad
“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
#2694 Posted : Tuesday, September 24, 2019 1:40:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,450
Location: NAIROBI
HaMaina wrote:
This stock has been unusually quiet for a while,any info??Sad Sad Sad

Have you heard any noise from the factory?
Njunge
#2695 Posted : Tuesday, September 24, 2019 2:41:42 PM
Rank: Elder


Joined: 2/7/2007
Posts: 845
Under receivership effective today.
kayhara
#2696 Posted : Tuesday, September 24, 2019 3:46:29 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,026
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 MSCSad Sad
To Each His Own
VituVingiSana
#2697 Posted : Tuesday, September 24, 2019 3:56:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,450
Location: Nairobi
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 MSCSad Sad
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
Ericsson
#2698 Posted : Tuesday, September 24, 2019 3:59:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,450
Location: NAIROBI
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 MSCSad Sad


Once a screw always a screw.
Ericsson
#2699 Posted : Tuesday, September 24, 2019 8:42:24 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,450
Location: NAIROBI
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.
Njunge
#2700 Posted : Tuesday, September 24, 2019 9:03:00 PM
Rank: Elder


Joined: 2/7/2007
Posts: 845
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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