@timska on reading your first sentence, i was convinced that you were about to offer a deep analysis of the below par Kengen performance! Lol your post makes for light reading for the frustrated shareholders out there though.

While I had acquired some units at an average of 22.79, I finally exited last month at 15.20. Although I made a loss of 33%, I figured out that Iam better off out of this counter. My reasons for the exit have been confirmed by the results i.e. overreliance on Hydro and even with Sh25Bln loan much will go to finance expensive thermal and drought prone hydro plants.

If I was convinced that KENGEN intend to pursue Geothermal seriously, I would have stayed on.

It seems only a strategic investor with more knowledge on power operations can save KENGEN.

Kengen signed up New Zealand consultants Sinclair Knight Merz to come up with the technical design, prepare tender documents and pre-qualify potential bidders for a 280 megawatts geothermal power project in Olkaria.

Project to cost SH 100B and to be completed in Mid 2013... Business Daily 10 Feb 2010.

I am preparing an arsenal to invade KENGEN with, between now and 2011, while the prices are still low.

Why?

- Classic Buffet stock.
- Demand for power, specifically cheap power can only go up.
- Investors are still looking short term, while I hold a medium/ Longterm view.
- Even if i am wrong, the fundamentals are OK and there is a chance of a good return, even without the Geothermal project.

@ muganda hehehe i cant help it but laugh...unless sparkly is looking @ 5 years from now...it looks like kengen is still in the planning phase...i will by kengen say @ 8 bob whereas i will buy kplc anytime provided i have the cash.

@ sparkly my advice is free of charge...whereas for kengen lauch ur arsenal if you are looking long term like you said...but theres one red flag on kengen...they have borrowed to much(bonds,loans)...note also the decline in the EPS...THERES NO HOPE FOR GOOD DIV HERE...LOL.