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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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If at 3:1. Its more of an "IPO" than a rights issue The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 10/26/2012 Posts: 136
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whats your take on what you recon price per right will be
im taking up all of mine if the price is sub 10 at any price between 9.25 is to 9.5 would be ideal it wont do too much damage to the weighted avg buy price as i currently hold
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info?  Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 10/26/2012 Posts: 136
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VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Dont look past the venture cap groups i.e. Centum or Transcentury trying to diversify their portfolios. Look at it this way Kengen is a utility company the first of its kind and currently a monopoloy or it it an oligopoly one of the two at least. Utilities always do well ALWAYS . Let this be well lmanaged and the domino effect ring ching cha ching ching ching in our pockets
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs? The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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lochaz-index wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs? Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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VituVingiSana wrote:lochaz-index wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs? Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion. True. Debt will do the heavy lifting but approximately what % of the total capital requirements is to be funded through equity... 100b? Even going by the 50b that is being bandied around it is still a tall order for any of our private developers. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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While we argue on the rights issue size here, somebody has been buying bucket loads of KenGen shares last couple of weeks. Today's volume was 5.76M (last Five years such volume high never seen for KenGen). This jumbo shares trading never show up on the bid/offer board.
I wonder what the jumbo shares buyer/seller knows?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ericsson wrote:@guru267
6.6bn at 7.60 I highly doubt;
KENGEN is looking at scaling down the number of shares to be issued to reduce the dilution and therefore price of the share post rights issue Who told you this? sounds like gossip to me.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs? Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion. True. Debt will do the heavy lifting but approximately what % of the total capital requirements is to be funded through equity... 100b? Even going by the 50b that is being bandied around it is still a tall order for any of our private developers. They wish to maintain a maximum debt to equity of 300% Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@lochaz. have u considered on the other side someone could be selling to avoid massive dilution, maybe buy back lower The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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guru267 wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs? Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion. True. Debt will do the heavy lifting but approximately what % of the total capital requirements is to be funded through equity... 100b? Even going by the 50b that is being bandied around it is still a tall order for any of our private developers. They wish to maintain a maximum debt to equity of 300% Working with the ceiling of 300% that would amount to an equity contribution of about 182b... quite a sum. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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lochaz-index wrote:guru267 wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.
Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man? Kenyatta Family? @VVS speculating or privy to some info? Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top! Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs? Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion. True. Debt will do the heavy lifting but approximately what % of the total capital requirements is to be funded through equity... 100b? Even going by the 50b that is being bandied around it is still a tall order for any of our private developers. They wish to maintain a maximum debt to equity of 300% Working with the ceiling of 300% that would amount to an equity contribution of about 182b... quite a sum. When UK read out the 1T budget for the first time who though that KRA could raise anything close to that?
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Rank: Member Joined: 8/3/2007 Posts: 146
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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No wonder the price is falling today. Let it continue coming down and down Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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why can't they get approval then tell us there's a rights issue! its 2 years down the line, since it was first announced . The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: New-farer Joined: 2/28/2014 Posts: 41
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Aguytrying wrote:why can't they get approval then tell us there's a rights issue! its 2 years down the line, since it was first announced . These postponements and resulting share price swings are very welcome to us traders Good judgement is often the result of experience. Experience is often the result of bad judgement.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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1masha umesema ukweli; So long as fundamentals are okay Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
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