If there is a stock that enjoys strange type of goodwill, Mumias must be it. Despite fairly flat perfomance over the last few years, investors continue to build into their buying decisions, fast growth for this stock based on:
- its sale of 25-35kw to KPLC,but how much additional PBT is it generating from it?
- the Tarda project which is now the subject of much international attention via media outlets and will not in any case bring home the bacon until 2010 and onwards. If development kicks off this year and funding is found
- The strong protectionist lobby that has led to Comesa going underground. Now the quotas will be reduced steathly. Yet politicians are crying foul instead of focus on making sugar production in Western Kenya effecient.
Kalembe Ndile is a larger-than life character in Kenyan politics that is dominated by such. And somebody has framed a couple of good jokes at his expense.