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KenGen - Just how low can it go?
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Cde Monomotapa
#41 Posted : Saturday, July 23, 2011 11:11:50 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
In addition, the very 1st and only Carbon Exchange in Africa was recently opened and is based in this very City of Nairobi!! www.africacarbonexchange.com
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alutacontinua
#42 Posted : Saturday, July 23, 2011 11:48:51 AM
Rank: Member


Joined: 3/23/2011
Posts: 304
@cde my apologies I was reading the thread quickly…all in all its definatly a point that has a lot to play with the stock.

Check out this article on bd I found abt the carbon credit exchange and how already banks like HSBC and JP Morgan are planning to set up shop. Already World Bank Bio Carbon Fund and German Development and Investment bank KfW are in the country in the name of "clean energy" and if am not mistaken the IFC has a new fund set up to cover a financing gap arising from the EU’s decision to stop buying carbon credits from developing countries beginning next year(thread abt c.credits et al will be posted very soon)

http://www.businessdaily.../-/12ptfumz/-/index.html
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Cde Monomotapa
#43 Posted : Saturday, July 23, 2011 12:04:09 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
[quote=alutacontinua]@cde my apologies I was reading the thread quickly…all in all its definatly a point that has a lot to play with the stock.

Check out this article on bd I found abt the carbon credit exchange and how already banks like HSBC and JP Morgan are planning to set up shop. Already World Bank Bio Carbon Fund and German Development and Investment bank KfW are in the country in the name of "clean energy" and if am not mistaken the IFC has a new fund set up to cover a financing gap arising from the EU’s decision to stop buying carbon credits from developing countries beginning next year(thread abt c.credits et al will be posted very soon)

http://www.businessdaily...-/12ptfumz/-/index.html[/quote]
Gracias, gracias. Please do put up the thread. In addition, and those aware, it is a part of Vision 2030 that NIFC (Nairobi International Financial Centre) be setup and that's why those aforementioned Foreign Co.s are setting up Representative offices here ahead of time. Be a victor of processes & events & not a victim...
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eco
#44 Posted : Saturday, July 23, 2011 12:31:18 PM
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Joined: 6/17/2011
Posts: 229
@Cde and @aluta, could you re-post this in a NEW post, Carbon Credits or Carbon Market. Then we can give it a shot. Under how low Kengen can go is a bit hidden.
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alutacontinua
#45 Posted : Saturday, July 23, 2011 3:40:05 PM
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Joined: 3/23/2011
Posts: 304
@eco and @Cde thread is up and running heres the link:

http://wazua.co.ke/forum...amp;m=199774#post199774

Heres another article showing how bwana Eddy and his team are looking at the power of a carbon credit cheque smile (just worth mentioning)

http://www.businessdaily...6/-/edfd7v/-/index.html



You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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mwanahisa
#46 Posted : Saturday, July 23, 2011 5:42:12 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
"KenGen has been pursuing a deliberate green energy agenda that it expects to start paying dividends next year when it is paid the first tranche of its carbon credits of Sh300 million arising from its development of geothermal Olkaria II Unit 3 that generates 35MW of electricity."

Cde, you have been on this theme of KGN getting plenty of cash from carbon credits, so perhaps you could elaborate just how much KGN expects from these credits.

From the above article on BD, I can't make out whether 300 mil is the entire sum or whether indeed KGN will only be getting a part of the 300 mil next year.
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Renegade
#47 Posted : Tuesday, July 26, 2011 11:07:54 AM
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Joined: 4/18/2009
Posts: 118
Mr. Market does not like the power rationing. He is making himself clear where he stands on the subject. Watch the loud silence from the other Njoroge. NKT!
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mlennyma
#48 Posted : Tuesday, July 26, 2011 11:14:22 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
The story of the two njoroge's???kengen 9bob kplc 18
"Don't let the fear of losing be greater than the excitement of winning."
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Renegade
#49 Posted : Tuesday, July 26, 2011 11:18:22 AM
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Joined: 4/18/2009
Posts: 118
@mlennyma, maybe not that low... but expect them to slide some.
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Renegade
#50 Posted : Tuesday, July 26, 2011 11:20:20 AM
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Joined: 4/18/2009
Posts: 118
Especially KenGen. KPLC will have some support at the Rights price (19.50) and it is still a monopoly. It will sell whatever power there is regardless of source.
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Renegade
#51 Posted : Tuesday, July 26, 2011 11:59:23 AM
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Posts: 118
KPLC bids now at the rights price. If it goes below this level...brace yourselves as it will self propel downwards.
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Iborian
#52 Posted : Tuesday, July 26, 2011 12:47:10 PM
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Joined: 4/17/2009
Posts: 194
This is another doomed counter. Gava wanted to sell another 19% some time back wakashindwa (Kimunya) when price fell below 20. When they raised money for the bond, Mgt also signalled they would be issuing rights, at some point. Bad Karma right there.

If the price were to ever go up, you can be sure that G.o.K will want to offload some of their shares. Ama, Mgt will revive talk of a rights issue. Investors will not want to take this chance, meaning any increase in price will not be for long unless they can be assured shares hazitaongezwa.
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Cde Monomotapa
#53 Posted : Tuesday, July 26, 2011 1:06:32 PM
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Joined: 1/13/2011
Posts: 5,964
Since the 2nd offer failed miserably, the other options are 1. An equity partner (highly Japanese), 2. A rights issue. In that order.
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Magnetic Touch
#54 Posted : Tuesday, July 26, 2011 1:16:10 PM
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Joined: 12/31/2008
Posts: 90
Cde Monomotapa wrote:
Since the 2nd offer failed miserably, the other options are 1. An equity partner (highly Japanese), 2. A rights issue. In that order.

Option 1 would be more palatable for current shareholders. The Japanese would be welcome. After all they have already put in a lot in terms of loans to KenGen.

KenGen is lucky that they revised their accounting policy to "hide" the forex currency losses on the Yen loans. Last year they would have made the biggest loss in Kenya's corporate history.
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youcan'tstopusnow
#55 Posted : Friday, July 29, 2011 6:20:02 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
KenGen managing director Eddie Njoroge said the company was generating 8.2 million units pf electricity per day, down from 12 million during peak production because of the drought that has occassioned the rationing.

“The dams are currently six meters below the spilling level of 1056.5 meters. We will stop generating when the dams drop to the minimum level at 1037,” said Mr Nyoike. "

mwanahisa, seems you were right
GOD BLESS YOUR LIFE
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Cde Monomotapa
#56 Posted : Friday, July 29, 2011 6:46:22 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
KenGen managing director Eddie Njoroge said the company was generating 8.2 million units pf electricity per day, down from 12 million during peak production because of the drought that has occassioned the rationing.

“The dams are currently six meters below the spilling level of 1056.5 meters. We will stop generating when the dams drop to the minimum level at 1037,” said Mr Nyoike. "

mwanahisa, seems you were right

#toot#
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Aguytrying
#57 Posted : Saturday, July 30, 2011 3:57:41 PM
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Joined: 7/11/2010
Posts: 5,040
i really never thought it would touch eleven bob. the heading of this thread is apt.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#58 Posted : Sunday, July 31, 2011 6:54:21 AM
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Joined: 1/13/2011
Posts: 5,964
In a fish tank @ a Japanese restaurant?
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