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Eddy Njoroge retires from KenGen
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the deal
#31 Posted : Wednesday, November 28, 2012 9:31:11 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
He was a great manager, in terms of execution KenGen has been top notch...he leaves KenGen as a plane on the runaway ready for takeoff...the new MD wont have issues a strong foundation has been laid...Applause Applause Applause
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  | | Edit by user: Wednesday, November 28, 2012 9:32 PM | Reason: Not specified
murchr
#32 Posted : Wednesday, November 28, 2012 10:00:38 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
sentinel prime wrote:
the stock price says it all.....and agrekko.


Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Jamani
#33 Posted : Wednesday, November 28, 2012 10:27:44 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
murchr wrote:
sentinel prime wrote:
the stock price says it all.....and agrekko.


Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right.

Now you have coined in religion.....whats wrong with people cant you just state the good he did as an MD and forget about his tribe and personal life.
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murchr
#34 Posted : Wednesday, November 28, 2012 10:31:39 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Jamani wrote:
murchr wrote:
sentinel prime wrote:
the stock price says it all.....and agrekko.


Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right.

Now you have coined in religion.....whats wrong with people cant you just state the good he did as an MD and forget about his tribe and personal life.


I was referring to his decision to quit despite having a contract that would expire in 2015.

Do some google and find out what the capacity of elec generated in 2003 was vis a vis now. Stop being lazy
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Jamani
#35 Posted : Wednesday, November 28, 2012 10:41:58 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
murchr wrote:
Jamani wrote:
murchr wrote:
sentinel prime wrote:
the stock price says it all.....and agrekko.


Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right.

Now you have coined in religion.....whats wrong with people cant you just state the good he did as an MD and forget about his tribe and personal life.


I was referring to his decision to quit despite having a contract that would expire in 2015.

Do some google and find out what the capacity of elec generated in 2003 was vis a vis now. Stop being lazy


I will ignore the highlighted comment..... and wont google i already know the answers to it but will again question the alleged sh800M deal
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Jamani
#36 Posted : Wednesday, November 28, 2012 11:04:38 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
murchr wrote:

I was referring to his decision to quit despite having a contract that would expire in 2015.


Quote from BD
“He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.
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murchr
#37 Posted : Wednesday, November 28, 2012 11:45:24 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Jamani wrote:
murchr wrote:

I was referring to his decision to quit despite having a contract that would expire in 2015.


Quote from BD
“He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.

Quote:
I will ignore the highlighted comment..... and wont google i already know the answers to it but will again question the alleged sh800M deal


murchr wrote:
Quote:
Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right
.

On the 800M do yourself a favor and join the Mpigs as they are interrogating him, when the time comes. He's still MD till next year
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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tassia
#38 Posted : Wednesday, November 28, 2012 11:58:17 PM
Rank: Member

Joined: 4/25/2011
Posts: 368
Location: Nairobi
KulaRaha wrote:
This is the same guy who brought KAA to its knees?


Please when did he ever work for KAA? Please get the facts right before posting. We may stop taking you seriously.
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tassia
#39 Posted : Thursday, November 29, 2012 12:05:25 AM
Rank: Member

Joined: 4/25/2011
Posts: 368
Location: Nairobi
Jamani wrote:
murchr wrote:

I was referring to his decision to quit despite having a contract that would expire in 2015.


Quote from BD
“He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.


Where did BD get this silly comment. NTV aired a video of him stating the reasons for his resignation. Or may be BD means they are not disclosing the reasons to their readers even after Njoroge said it all?
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tajiri
#40 Posted : Thursday, November 29, 2012 1:51:07 AM
Rank: Member

Joined: 9/28/2007
Posts: 45
Good riddance.. This guy borrowed money very expensively when the market for credit was cheap. To make matters worse, this was such a long term bond that will affect Kengen for years. He even went further to use the green shoe option to take the extra cash when he did not need it. Of course they were the institutional investors who bought the bonds..tax free income!! As an investor and shareholder of Kengen, I would have sacked him a long time ago.. He has tried to expand the organisation, given massive contracts to questionable organisations, ring fenced the IPPs resulting in expensive energy... Bye bye. This share will never recover, power remains expensive, cost of business continues to rise..
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  | | Edit by user: Thursday, November 29, 2012 1:53 AM | Reason: Review
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