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Kengen has bolted!
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the deal
#171 Posted : Friday, February 22, 2013 4:43:17 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
The interests of GOK, the main shareholder are not necessarily congruent with the rest of the shareholder. While the GOK has an infinite lifespan the Wanjikus will die one day. Wanjikus want to eat some of their money and leave the rest for their children.

Kengen is diluting the equity shareholders at a very fast rate.

I believe KenGen is creating value to its shareholders at a very fast rate for the kind of business theyre in...its a market Wanjiku can dump his shares and walk away.

Page 38 of the 2012 Annual Report...is talking about energy trade as the next big thing...Southern African power pool...East Africa power pool interconnection....Kengen is not only Kenya.. its Africa folks.
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  | | Edit by user: Friday, February 22, 2013 4:49 PM | Reason: Not specified
murchr
#172 Posted : Friday, February 22, 2013 4:44:49 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Kausha please read the kplc report
"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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ChessMaster
#173 Posted : Friday, February 22, 2013 7:05:52 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
This is what I believe when it comes to Kengen. They are generating power which in Africa is a huge growth market. They are the major supplier of KPLC. I don't care about earnings or dividends because they are investing in assets. At the end of the day,they are focusing on their business.The money will follow.
Uncertainty is certain.Let go
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Mukiri
#174 Posted : Friday, February 22, 2013 7:40:38 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
berns wrote:
@the deal and kausha,lets use the forum constructively. No need being abusive(you started kausha). You 'd be shocked that the ones making the most money from equities dont have as much indepth knowledge as the two of you. I think you sometimes just need experience over time to know the psycological behaviour of stock punters.Look at whats going on now! Dont tell me the bear run on most counters is down to fundamentals.Most likely election jitters.

I've always wondered if abusive people know what they are doing to themselves?

Proverbs 19:21
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Cde Monomotapa
#175 Posted : Friday, February 22, 2013 7:57:54 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I'd listen to @deal if were ya'll that this is very much a commercial affair and also from our interests in SADC, I can confirm that there does exist a SA power pool which is under-invested & inadequate for SADC as it is. Thus, the EA pool can be connected to the SA pool and it won't matter where the elec.is generated but just cabling it and that has the support of govts, private sector & devt. banks. Then we can say bye to the 'dark continent' [from space] ;-)
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  | | Edit by user: Friday, February 22, 2013 7:59 PM | Reason: Not specified
the deal
#176 Posted : Friday, February 22, 2013 8:15:58 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Hey all I apologise if I was abusive to anyone in any way thats not my character...I was just defending KenGen from unwarranted attacks.
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Cde Monomotapa
#177 Posted : Friday, February 22, 2013 9:05:02 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
I'd listen to @deal if were ya'll that this is very much a commercial affair and also from our interests in SADC, I can confirm that there does exist a SA power pool which is under-invested & inadequate for SADC as it is. Thus, the EA pool can be connected to the SA pool and it won't matter where the elec.is generated but just cabling it and that has the support of govts, private sector & devt. banks.

Case in point: Mozambique to boost Zim power supplies http://www.newzimbabwe.c...er%20supplies/news.aspx | NamPower reviews Hwange agreement - Zimbabwe http://www.newsday.co.zw...eviews-hwange-agreement/
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  | | Edit by user: Friday, February 22, 2013 9:23 PM | Reason: Not specified
Aguytrying
#178 Posted : Saturday, February 23, 2013 1:14:34 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
the deal wrote:
Aguytrying wrote:


Answer me this. To whom will the earnings of the new geothermal plants financed by the asset backed bond be attributable to?

A bond is like a loan...offcourse revenues generated from this geothermal fields would be greater than the interest payments on the bond...after paying off the interest where will the money be going? to KenGen offcourse....its one the reasons Kenya Power is asking for a tariff hike...to be able to buy this new power...to be able to invest in infstructure to support this new power.


Show with FACTS the statement in red.

This is a deadly assumption.... i would wait for the management to give further details other than assume such things.
bottom line with facts at hand: reduced earnings growth for kengen ( as earnings of NEW geothermal production go into servicing bond)

please if you have no facts, DONT bother.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Bettertry
#179 Posted : Saturday, February 23, 2013 12:59:13 PM
Rank: Member

Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
Let me weigh in on this discussion by directly addressing @Kausha & Aguytrying. Both of whom have been talking of the supposedly erosion/reduction of earnings as a result of Kengen issuing an ABB. Fine, so all the earnings -assumingly- goes to paying this bond as it has been advanced here by both of u... would that mean even the earnings from the recently upgraded facilities + the ongoing upgrades of other facilities would count for nothing??? http://www.the-star.co.k...le-103354/kengen-receive
We Will Either Find a Way or Create One - HANNIBAL
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Aguytrying
#180 Posted : Saturday, February 23, 2013 2:47:03 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@bettertry.
Note all my posts talk about "reduced earning GROWTH"
not reduced earnings. Reason: geothermal one of the major (if not the major) earnings growth drivers.

So while investors avoid dilution by more shares, they will experience reduced earnings growth(new geothermal earnings go to servicing bond)

Its no a bad situation for investors though. But its important to grasp the implications.
The investor's chief problem - and even his worst enemy - is likely to be himself
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