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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
jawgey
#101 Posted : Wednesday, June 11, 2014 1:43:07 PM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
murchr wrote:
Angelica _ann wrote:
Nimeungua hapa but then you will some, you lose some! Holding strong ... was at 8.6 went all the way to 17.5 and watched it come back while doing NOTHING! Sad Sad Sad


Utaungua tu ukiuza


I guess investment requires one to be patient and at the same time be paranoid(in order to detect free falls)
Seeing is believing
georgegop
#102 Posted : Friday, June 13, 2014 7:38:02 AM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
KenGen to get Treasury debt write-off in rights issue plan
Don't Work for Money, Let Money Work for You..
Kausha
#103 Posted : Friday, June 13, 2014 8:59:52 AM
Rank: Member


Joined: 2/8/2007
Posts: 808
This company should be delisted and run like KPC / KPA etc. It's a pain to be an equity shareholder when management and majority shareholders exercise capital indiscipline.

Essentially Kengen need for equity is so that they can raise debt. Unfortunately if they have not made any effort to repay GoK's debt why would one believe they will be disciplined in repaying future debts in a manner that leaves something on the table for equity holders.

In 2009 there was hype on the PIBO, going through the numbers it deosn't appear to me that the 25B PIBO had much impact on the company's growth of value.
littledove
#104 Posted : Wednesday, July 09, 2014 12:53:16 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
http://www.businessdailyafrica.com/KenGen-expects-to-conclude-rights-issue-by-year-end/-/539552/2377420/-/y1xxmu/-/index.html

Power producer KenGen said it aims to complete a 15 billion shilling rights issue by end-2014 and hopes to have a commitment from the government by August

they are not giving up despite price plunge
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
Mainat
#105 Posted : Thursday, July 24, 2014 3:31:06 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Wow, KenGen kanaendelea kwanguka. I saw orders for Ksh9 and expect it to settle at around Ksh7.95, so I assume either GoK's announcement is imminent here in August, the results will be baaaad or. Never mind.

Look forward to the day CMA will require firms to make announcement if shares fall 20% over say a month...
Sehemu ndio nyumba
hisah
#106 Posted : Thursday, July 24, 2014 4:21:02 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Mainat wrote:
Wow, KenGen kanaendelea kwanguka. I saw orders for Ksh9 and expect it to settle at around Ksh7.95, so I assume either GoK's announcement is imminent here in August, the results will be baaaad or. Never mind.

Look forward to the day CMA will require firms to make announcement if shares fall 20% over say a month...

Very likely to test sub 8/- if it breaks below 8.50 which is the support base for 2013.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#107 Posted : Thursday, July 24, 2014 5:34:54 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
I dont foresee bad results but as long as the rights issue cloud hangs up there, then thad uncertainity will continue to cause ripples
"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
.
Akenyan2014
#108 Posted : Thursday, July 24, 2014 10:19:19 PM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
murchr wrote:
I dont foresee bad results but as long as the rights issue cloud hangs up there, then thad uncertainity will continue to cause ripples


The only thing I like for this one is the pace it moves from its absolute lows. It sleepy nature worries though.
Akenyan2014
#109 Posted : Monday, July 28, 2014 9:59:44 PM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
Akenyan2014 wrote:
murchr wrote:
I dont foresee bad results but as long as the rights issue cloud hangs up there, then thad uncertainity will continue to cause ripples


The only thing I like for this one is the pace it moves from its absolute lows. It sleepy nature worries though.


Waiting to see if Sh70bn-power-deal-with-AfDB will incite KP/KEGN.
littledove
#110 Posted : Monday, September 08, 2014 4:18:30 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
KenGen to build industrial park in Naivasha
are they aslo going real estate?
http://in2eastafrica.net/kengen-to-build-industrial-park-in-naivasha/
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
josimar
#111 Posted : Monday, September 08, 2014 4:25:46 PM
Rank: Member


Joined: 7/6/2010
Posts: 242
[quote]KenGen to build industrial park in Naivasha
are they aslo going real estate?
http://in2eastafrica.net...trial-park-in-naivasha/[/quote]

Am just wondering the exact location in Naivasha ?
murchr
#112 Posted : Monday, October 13, 2014 4:02:49 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Goldilocks Reloaded
#113 Posted : Monday, October 13, 2014 9:16:49 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
littledove wrote:
KenGen to build industrial park in Naivasha
are they aslo going real estate?
http://in2eastafrica.net/kengen-to-build-industrial-park-in-naivasha/



They are not going into real estate. The purpose of the industrial park is to attract big industrials to Naivasha next to Kengen's power generation stations so that these heavy consumers have easier access to power. It is an industrial park not a residential park. Most likely the cost of power for the firms at the park will be subsidized. The digital government appears to be very keen on hitting the 5,000MW mark. As Murchr's post says, close to 1,000MW is expected from Ol Karia in the next year or two, and another 1,000MW from Menengai. Prezzo is supposed to commission the 280MW this week in Olkaria. I am in this thing for the long haul.

Another >>>LINK<<< about the park.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
Ericsson
#114 Posted : Monday, October 13, 2014 9:43:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
According to the MD report in the rights issue they intend to raise about ksh.30bn in the upcoming rights issue.
Individual and other shareholders are to chip in between ksh.10-15bn while gava is expected to contribute ksh.20bn by converting part of its debt into equity.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#115 Posted : Wednesday, November 05, 2014 6:49:41 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
www.businessdailyafrica....2/-/45h791z/-/index.html
Life is short. Live passionately.
sparkly
#116 Posted : Friday, November 07, 2014 12:30:13 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Kengen CEO has 7k shares www.businessdailyafrica....8/-/x90693z/-/index.html
Life is short. Live passionately.
hisah
#117 Posted : Friday, November 07, 2014 5:43:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
sparkly wrote:

Is this the best that kengen board can do on owning shares?
Shoestring confidence Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
ike
#118 Posted : Friday, November 07, 2014 7:29:01 AM
Rank: Member


Joined: 7/2/2014
Posts: 123
This share is not a monkey. I believe its a good speculative buy between now and December especially since the div yield at current price is 4.1%, higher than Brit american tobacco & LimTea.
,
The optimist
#119 Posted : Friday, November 07, 2014 8:53:11 AM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
hisah wrote:
sparkly wrote:

Is this the best that kengen board can do on owning shares?
Shoestring confidence Sad

Sad Sad That shouldn't have made its way to publication.
Goldilocks Reloaded
#120 Posted : Friday, November 07, 2014 9:55:55 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
The optimist wrote:
hisah wrote:
sparkly wrote:

Is this the best that kengen board can do on owning shares?
Shoestring confidence Sad

Sad Sad That shouldn't have made its way to publication.



Agreed @The optimist. Either the Directors and CEO are heavily broke as individuals or its a mockery. Yani i own more than the CEO and some of the Directors combined... Am demanding a seat in that Boardroom!!!
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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