Sold half of mine when they decided to issue rights but will be back during and after they are issued. Aguy dont compare this one to KQ...No. Hii ndio pesa if you think longterm

wow. you bought at the low and sold at the high. really? unless you tell us; im selling today when its at 17.00 we cant believe you. i remember you bought low, but selling?? but maybe you have a powerful crystal ball

The much anticipated rights issue might not be held this year.
The company has to wait for go-ahead from GOK/Treasury before proceeding.
GOK is also now cash strapped/broke so they will have to wait for GOK to get the money needed for defending their stake.
Similar fate that has befallen NBK and Uchumi where GOK have significant stakes.

The person who hanged on after ipo at 11.90 is just celebrating afew penny's...long term investment can at times be disastrous....and many see kengen a long term stock,may be longterm after we are dead.

Olkaria IV 140 MW;contractor has been told to hasten the work so that 140MW is availed by March and the other 140MW from Olkaria I extension by June.
That brings a total of 280MW additional capacity by KENGEN this year

I will buy kengen after the rights crushes the price

What about dilution after rights, looks like it will be worse than KQ from the current information.
If GAVA stake was reduced and we get shareholder minded management it would be a good share.
Though to be fair kengen aint that bad like KPLC.
GAVA is crafty the tarrifs were eventually increased after all that noise in early 2013.

The rights will be about 30 billion with GoK taking up 70%. So the rest of the shareholders will be doing 9 billion. Now the Energy ministry budget allocation for current financial year is about 78.5 with 76.4 billion set aside for increasing electricity generation capacity. That means GoK may be thinking of increasing its stake in Kengen which is a good thing given the capital intensive nature of kengen projects. So you may end up with a very small float of shares plus an improved performance with new power plants and higher tariffs which will deal with the dilution.

It's all about knowing when to hold and knowing when to fold

You make a good point. Lets see their proposal, This is better than KPLC at the moment. If rights are reasonable I can profit from them.
At least the capital invested goes into increasing capacity=earnings. Unlike KPLC where it goes into "modernising the ageing grid" which really doesn't have as much bang for the buck.

Long term? Do you guys listen to what the Energy Minister says...

Look at this...KenGen borrows Billions to build thermal plants...then borrows again to build Geothermal plants...now when Geothermal plants come online...MoE wants the thermal plants switched off in the bid of reducing power costs...why not look for new markets for this old thermal power so that atleast KenGen continues to earn some revenues since they would still continue paying interest on the debt they incurred to build this plants....if not GoK should pay for this idle capacity!

So is KenGen charity or what?

As long as GoK retains 70% or majority control this company is going nowhere!

There is too much politics in the energy sector I dont think General Electric is ready for such kind issues.

Its better for GE to invest directly in the sector & get their own PPA with KPLC.

The current KenGen-KPLC PPA is charity.