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EAPC profit warning
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kizee
#21 Posted : Thursday, September 16, 2010 10:25:59 AM
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Joined: 1/9/2008
Posts: 537
VVS-i work for a bank...wide spreads actually mean that the price moves faster and u can lock in gains/losses faster
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VituVingiSana
#22 Posted : Thursday, September 16, 2010 10:35:14 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,211
Location: Nairobi
kizee wrote:
VVS-i work for a bank...wide spreads actually mean that the price moves faster and u can lock in gains/losses faster
Coz you work for a bank... For someone like me... the wide spreads means more risk for me...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee
#23 Posted : Thursday, September 16, 2010 10:41:38 AM
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Joined: 1/9/2008
Posts: 537
leta pesa and i will make money for you
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VituVingiSana
#24 Posted : Thursday, September 16, 2010 10:58:35 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,211
Location: Nairobi
kizee wrote:
leta pesa and i will make money for you

Under the aegis of the bank?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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AllenMass
#25 Posted : Thursday, September 16, 2010 11:17:42 AM
Rank: New-farer


Joined: 6/16/2010
Posts: 3
Location: Los Angeles
You can invest your money at penny stocks for more profits.
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kizee
#26 Posted : Thursday, September 16, 2010 11:40:46 AM
Rank: Member


Joined: 1/9/2008
Posts: 537
VituVingiSana wrote:
kizee wrote:
leta pesa and i will make money for you

Under the aegis of the bank?



will be a private arrangement..kama hedge fund...i charge u entry fee as well as get a slice of the action
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VituVingiSana
#27 Posted : Thursday, September 16, 2010 12:16:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,211
Location: Nairobi
kizee wrote:
VituVingiSana wrote:
kizee wrote:
leta pesa and i will make money for you

Under the aegis of the bank?


will be a private arrangement..kama hedge fund...i charge u entry fee as well as get a slice of the action
Pole... can no do... You might be a nice chap & all lakini I need the 'safety/custody' of my cash + proper accounting for taxes... Asante for the offer!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#28 Posted : Thursday, September 16, 2010 5:13:27 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
kizee wrote:
hisah wrote:
kizee wrote:
hisah wrote:
kizee wrote:
last time they intervened they spent +35tr yen and it failed,think the market will keep testing that 83.00 level and take it out BoJ are not larger than the market..no one is


SNB has spent almost $21B since last year trying to intervene on the Swiss Franc. And they lost. ECB and her sister IMF printed $1 trillion to save the euro this May as the debt crisis sent chills down eurozone. The euro is still hopeless. BoE is broke, it can't save the pound. I'm waiting for the bloodbath and gold is confirm the money war is gaining strength.



ur rite my friend...oddly enuf japans fundamentals are the yens achilles heel..really catch 22 stuff


Next action point Sept 21st when the US Fed (FOMC) meet and state their actions smile
Wall Street 2.0 is also being launched the same week - Sept 24th - Gordon Gekko is back smile
I'm so liking this action after months of boredom trading.



lol...boring trading? u have no idea.. mate i trade sub sahara and KES mainly...its worse than watching paint dry!


@kizee - something for you and Gordon Gekko (wazuan) Click here...


Lolest. Things are getting elephant in FX. Japan seems to have pulled a Zain move in the money system... Laughing out loudly
Now SNB intervenes on the swiss franc for as many times this year. Large EURCHF buy volumes in the last 60 mins sending the Swiss franc down the decks and forcing the USDCHF above 1.0080 trend reversal objective. Squeaky time for Central banks smile
I think before Sept is over financial markets will see some serious fireworks. This is not a good sign for global stocks. But in the meantime I'm grabbing popcorn and a nice seat to watch this action unfold.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Insurgent
#29 Posted : Wednesday, October 06, 2010 1:27:37 PM
Rank: User


Joined: 8/6/2010
Posts: 594
Was the warning justified? I've not seen the reprot but from the market, it seems the report was very bad. Eapc is now trading at 110.


"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.
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mwanahisa
#30 Posted : Wednesday, October 06, 2010 1:50:21 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
The Oafs made a loss of Kshs 292 million. Forex losses actually declined to 451 million from 837 mil last year. But just to show you that they do not have a handle on the business, operating profits slumped to Kshs 90 mil from 1.25 billion. No dividend. AWFUL set of results. I worry for KenGen.
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Insurgent
#31 Posted : Wednesday, October 06, 2010 1:58:16 PM
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Joined: 8/6/2010
Posts: 594
mwanahisa wrote:
The Oafs made a loss of Kshs 292 million. Forex losses actually declined to 451 million from 837 mil last year. But just to show you that they do not have a handle on the business, operating profits slumped to Kshs 90 mil from 1.25 billion. No dividend. AWFUL set of results. I worry for KenGen.
Mwnahisa, Why KenGen?


"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.
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mwanahisa
#32 Posted : Wednesday, October 06, 2010 2:08:05 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
KenGen also has Yen denominated loans. I think this is covered by our electricity bills so perhaps not as much of a concern there. But remember they also have the 25 Billion infrastructure bond with interest at 12.5% - works out to Kshs 3.125 B a year.

Since the bond issue, I am only aware of the Ngong Hills 5 MW wind power having come on stream. My power bills have not increased so much so I am not sure whether the interest on the Infrastructure bond is being charged onto our electricity consumption as yet.
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bartum
#33 Posted : Wednesday, October 06, 2010 2:08:18 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Insurgent wrote:
mwanahisa wrote:
The Oafs made a loss of Kshs 292 million. Forex losses actually declined to 451 million from 837 mil last year. But just to show you that they do not have a handle on the business, operating profits slumped to Kshs 90 mil from 1.25 billion. No dividend. AWFUL set of results. I worry for KenGen.
Mwnahisa, Why KenGen?

@mwanahisa its the japanese Yen dominated loans for kengen
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guru267
#34 Posted : Wednesday, October 06, 2010 2:23:54 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwanahisa wrote:
KenGen also has Yen denominated loans. I think this is covered by our electricity bills so perhaps not as much of a concern there. But remember they also have the 25 Billion infrastructure bond with interest at 12.5% - works out to Kshs 3.125 B a year.

Since the bond issue, I am only aware of the Ngong Hills 5 MW wind power having come on stream. My power bills have not increased so much so I am not sure whether the interest on the Infrastructure bond is being charged onto our electricity consumption as yet.


@mwanahisa there was no plan to get anything online by 2010... i think the earliest will be 2013
Mark 12:29
Deuteronomy 4:16
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Gordon Gekko
#35 Posted : Wednesday, October 06, 2010 2:27:41 PM
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Joined: 5/27/2008
Posts: 3,760
Look at the cashflow report. Cash from operations - real cash before being adulterated or sanitized by forex losses/gains, depreciation, provisions, gain/losses on sale of land, lorries etc. A massive drop from 1.9B to 440,000. That is a disaster. Surely, with their 12% holding, can't Lafarge offer some advice?
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mwanahisa
#36 Posted : Wednesday, October 06, 2010 2:39:59 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
guru267 wrote:
mwanahisa wrote:
KenGen also has Yen denominated loans. I think this is covered by our electricity bills so perhaps not as much of a concern there. But remember they also have the 25 Billion infrastructure bond with interest at 12.5% - works out to Kshs 3.125 B a year.

Since the bond issue, I am only aware of the Ngong Hills 5 MW wind power having come on stream. My power bills have not increased so much so I am not sure whether the interest on the Infrastructure bond is being charged onto our electricity consumption as yet.


@mwanahisa there was no plan to get anything online by 2010... i think the earliest will be 2013


Check the PIBO information memorandum. There were a number of projects slated to be commsioned this calendar year:

Tana Development - April 2010 (20 MW)
Olkaria II 3rd Unit - May 2010 (30 MW)
Kipevu Thermal - Dec 2010 (120 MW)

I haven't heard zip on any of these.
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passiveinvestor
#37 Posted : Thursday, October 14, 2010 10:21:17 AM
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Joined: 12/8/2006
Posts: 104
passiveinvestor wrote:
I have it on good authority that the board stated that they would hedge the exposure and that besides that the GOK would absorb the FX losses on the loan.

Hmmmm....guess my sources were right on this...shame about the operating profits though! I'll see what this was all about!
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kizee1
#38 Posted : Thursday, October 14, 2010 10:33:42 AM
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Joined: 9/29/2010
Posts: 679
Location: nairobi
they know wat needs to be done
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mwanahisa
#39 Posted : Thursday, October 14, 2010 11:25:56 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Only reason the price did not fall massively is simply because there's not enough supply and most of the folks who hold the 6% free float are guys who can be able to wait it out. This share is one of those at the top of my scrap heap.

Can you imagine the total dividend in the last 5 yeas has been Kshs 6.50? In 2 of the last 5 years they have simply done away with the dividend. TERRIBLE!
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