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kengen full year profit up 3.3%

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mlennyma		#21 Posted : Friday, October 24, 2014 11:36:25 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Anyone buying kengen must calculate the amount of cash for his purchase and set aside money to defend his rights...there however exists a window of quick gain if a miracle halts the rights. "Don't let the fear of losing be greater than the excitement of winning."
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Goldilocks Reloaded		#22 Posted : Friday, October 24, 2014 12:12:46 PM
Rank: Member Joined: 1/14/2014 Posts: 178		Akenyan2014 wrote: Goldilocks Reloaded wrote: Siuzi! This is my largest holding and I will take up all my rights and ask for excess. I averaged up yesterday hoping to ride to 15 only for the poor show to spoil the party. Assessing the possibility of accumulating more this laggard. Incidentally i also averaged up yesterday and I will be accumulating more as the soft-hearted fall off. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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sparkly		#23 Posted : Friday, October 24, 2014 12:37:34 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Goldilocks Reloaded wrote: Akenyan2014 wrote: Goldilocks Reloaded wrote: Siuzi! This is my largest holding and I will take up all my rights and ask for excess. I averaged up yesterday hoping to ride to 15 only for the poor show to spoil the party. Assessing the possibility of accumulating more this laggard. Incidentally i also averaged up yesterday and I will be accumulating more as the soft-hearted fall off. With a general bear starting at the NSE, reduced EPS of 1.29 and looming Rights issue, you are advised to keep your cheque book on hold. This thing will smell 7 bob soon. Life is short. Live passionately.
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Gatheuzi		#24 Posted : Friday, October 24, 2014 2:03:00 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		subaru wrote: Gatheuzi wrote: 10 bob is now eminent. it seems it doesnt want to print my target is 9 bob I managed to exit at 11.70. Shopping around for other buses. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Pesa Nane		#25 Posted : Saturday, October 25, 2014 6:15:58 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		I don't remember a profit warning for this thing or? Pesa Nane plans to be shilingi when he grows up.
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MaichBlack		#26 Posted : Saturday, October 25, 2014 7:03:58 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,838		Pesa Nane wrote: I don't remember a profit warning for this thing or? Seriousl!?? Why would there be a profit warning???? To warn people that the profit will increase by 3.3%?? A company is required to issue a warning if it anticipates that it financial performance is going to drop by more than 25%. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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littledove		#27 Posted : Saturday, October 25, 2014 8:06:01 PM
Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky		MaichBlack wrote: Pesa Nane wrote: I don't remember a profit warning for this thing or? Seriousl!?? Why would there be a profit warning???? To warn people that the profit will increase by 3.3%?? A company is required to issue a warning if it anticipates that it financial performance is going to drop by more than 25%. there is an article in the star newspaper which I don't know where they got their results from! I think that has misled someone. '' KenGen stock plummets after profit dips SATURDAY, OCTOBER 25, 2014 - 00:00 -- BY JAMES WAITHAKA KenGen’s share price at the NSE shed 11.2 per cent on Friday to close at Sh11.50 a piece from the previous day’s close of Sh12.95 after its net profit nearly halved. Supply was twice the demand at 1.72 million units on the sell-side against 827,000 units on the buy- side. The electricity generator’s after-tax profit for the period ended June 30 plummeted to Sh2.83 billion from Sh5.23 billion in the previous year, a 45.9 per cent decline.'' There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Pesa Nane		#28 Posted : Saturday, October 25, 2014 8:59:05 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		MaichBlack wrote: Pesa Nane wrote: I don't remember a profit warning for this thing or? Seriousl!?? Why would there be a profit warning???? To warn people that the profit will increase by 3.3%?? A company is required to issue a warning if it anticipates that it financial performance is going to drop by more than 25%. The PAT declined to Kshs. 2,827 Million from Kshs. 5,225 Million of the previous year. That's more than 25% drop, right? Pesa Nane plans to be shilingi when he grows up.
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MaichBlack		#29 Posted : Saturday, October 25, 2014 11:13:40 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,838		Pesa Nane wrote: MaichBlack wrote: Pesa Nane wrote: I don't remember a profit warning for this thing or? Seriousl!?? Why would there be a profit warning???? To warn people that the profit will increase by 3.3%?? A company is required to issue a warning if it anticipates that it financial performance is going to drop by more than 25%. The PAT declined to Kshs. 2,827 Million from Kshs. 5,225 Million of the previous year. That's more than 25% drop, right? That's a tricky one! Our CMA being who they are, I'm sure they were not specific if the rule applies to PAT or PBT! Kengen's PBT rose marginally but PAT dropped due to lapse in tax breaks. Don't be suprised if CMA didn't anticipate such a scenario. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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murchr		#30 Posted : Sunday, October 26, 2014 1:14:29 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		MaichBlack wrote: Pesa Nane wrote: MaichBlack wrote: Pesa Nane wrote: I don't remember a profit warning for this thing or? Seriousl!?? Why would there be a profit warning???? To warn people that the profit will increase by 3.3%?? A company is required to issue a warning if it anticipates that it financial performance is going to drop by more than 25%. The PAT declined to Kshs. 2,827 Million from Kshs. 5,225 Million of the previous year. That's more than 25% drop, right? That's a tricky one! Our CMA being who they are, I'm sure they were not specific if the rule applies to PAT or PBT! Kengen's PBT rose marginally but PAT dropped due to lapse in tax breaks. Don't be suprised if CMA didn't anticipate such a scenario. Remember last years results included a tax rebate "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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