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Kengen HY 2015 results PAT up 400%
Cde Monomotapa
#61 Posted : Friday, September 25, 2015 12:41:25 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Always thought this would be a good FX supplement for KGN. Bubble. Tulipnomics. To me Bitcoin faces a similar fate.

KenGen to trade its carbon credits on local bourse
Read more at: http://www.standardmedia...credits-on-local-bourse
uchumi
#62 Posted : Friday, September 25, 2015 4:59:18 PM
Rank: Member

Joined: 9/16/2006
Posts: 234
Muthawamunene wrote:
Also keep heavy forex loan payments in mind.
Majority govt ownership.
Expected rights issue next year.

There won't be much to celebrate here. Kengen became another KenyaRe when peeps sobered up from their IPO utopia.


The forex losses are passed to the customers by kplc.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
instinct
#63 Posted : Friday, September 25, 2015 5:37:12 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
The company is not that badly off financially. Finance costs for 1/2year 2015 was a "paltry" 1.3B. smile The company over the same period reported new revenues of 3Billion (from 8.9 to 12b). The P/E ratio is a decent 3.6.

My only concern is the upcoming rights issue...coz at its current price they may offer at least 4billion additional shares. Also the corruption allegations and wastage...

Ericsson
#64 Posted : Saturday, September 26, 2015 3:42:48 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
In 2004 Government had projected that peak demand will hit 2000MW by 2015 and therefore started numerous energy generation projects.
In 2015 total installed capacity is 2200MW out of which KENGEN generates 1600MW.
In 2015 Peak demand capacity is at 1500MW;meaning running at full capacity KENGEN can sufficiently meet electricity demand for Kenya.
The 1000MW Lamu Coal power plant I don't know who the client is;it will lead to expensive power.
There is need to slow down the electricity generation projects;
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
murchr
#65 Posted : Saturday, September 26, 2015 3:49:06 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
In 2004 Government had projected that peak demand will hit 2000MW by 2015 and therefore started numerous energy generation projects.
In 2015 total installed capacity is 2200MW out of which KENGEN generates 1600MW.
In 2015 Peak demand capacity is at 1500MW;meaning running at full capacity KENGEN can sufficiently meet electricity demand for Kenya.
The 1000MW Lamu Coal power plant I don't know who the client is;it will lead to expensive power.
There is need to slow down the electricity generation projects;


What about the exported power to Rwanda, the heated pipeline from Uganda to Lamu, the electric train, rural electrification, industrial parks in Naivasha, another thing aren't investors running away because we have no capacity to supply the needed power???
"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
.
Ericsson
#66 Posted : Saturday, September 26, 2015 4:22:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@murchr;
Exported power to Rwanda is short term and a temporary measure.Rwanda is aggressively building gas power plants from methane gas in Lake Kivu.
Electric train is a pipe dream like Konza;you will not see it in your lifetime.
Industrial Parks for who;investors are running away because of bureaucracy,corruption in terms of kickbacks from politicians and ruling elite not capacity to supply the needed power.
Our problem now is not generation capacity but weak distribution.
Our electricity is expensive because of the numerous unnecessary charges on your electricity power bill.
Lamu/Lappset is slowly grinding to a halt;twas an over ambitious project with our weak finance.
Rural electrification the consumption is negligible;mostly for lighting and some of the rural folks are going solar.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#67 Posted : Saturday, September 26, 2015 4:25:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@murchr;
Read my key word slow down not stop;Right now we already have more power than what we are consuming and we are still planning to import 500MW from Ethiopia;
An African has a big big problem
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Cde Monomotapa
#68 Posted : Saturday, September 26, 2015 4:41:15 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Ericsson wrote:
@murchr;
Read my key word slow down not stop;Right now we already have more power than what we are consuming and we are still planning to import 500MW from Ethiopia;
An African has a big big problem


Also, hopefully in this lifetime too - as we're told about SDGs, is the EA power pool connect to the SA power pool. Power up the continent.
MaichBlack
#69 Posted : Saturday, September 26, 2015 6:01:31 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
"You will not see it in your life time"?

That reminds me, who ever thought we would ever see in our life times a situation where Kenya had enough electricity to an extent the discussion was whether we should slow down on power production.

One more thing, even when Michuki said that the government was going to do the Thika Super Highway, many said that will never happen in our life time. Same story with the bypasses. Most said "Those roads were demarcated in the 70s. What makes you imagine they will be built any time soon? Nothing new here."

Oh yee Kenyans of little faith, when will you wean yourselves of extreme pessimism. Why will you learn from thy previous ways??
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
murchr
#70 Posted : Saturday, September 26, 2015 6:06:57 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
@murchr;
Exported power to Rwanda is short term and a temporary measure.Rwanda is aggressively building gas power plants from methane gas in Lake Kivu.
Electric train is a pipe dream like Konza;you will not see it in your lifetime.
Industrial Parks for who;investors are running away because of bureaucracy,corruption in terms of kickbacks from politicians and ruling elite not capacity to supply the needed power.
Our problem now is not generation capacity but weak distribution.
Our electricity is expensive because of the numerous unnecessary charges on your electricity power bill.
Lamu/Lappset is slowly grinding to a halt;twas an over ambitious project with our weak finance.
Rural electrification the consumption is negligible;mostly for lighting and some of the rural folks are going solar.


By the time Rwanda completes its plant, that power will already be taken up by some leather factory. I will not argue about things I may know and you may not know but i will ask you to think about this. WHY IS EVERYONE CONNECTED IN SOME WAY TO GOVERNMENT NOW GETTING INVOLVED IN SOME POWER COMPANY?

"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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