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KenGen FY15 PAT grows 307%
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murchr
#1 Posted : Monday, October 12, 2015 6:14:56 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
PAT +307% EPS 5.24
"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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S.Mutaga III
#2 Posted : Monday, October 12, 2015 6:55:13 PM
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Joined: 3/26/2012
Posts: 830
We know the drill...these guys are just setting the mood for a Jumbo rights issue...the target is Wanjiku et al...I dont buy this story
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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enyands
#3 Posted : Monday, October 12, 2015 7:07:32 PM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
S.Mutaga III wrote:
We know the drill...these guys are just setting the mood for a Jumbo rights issue...the target is Wanjiku et al...I dont buy this story



This is true.hope now that the govt is broke they can offload some of the shares they have in KPLC kenya re and some of this huge govt invested corporation.
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VituVingiSana
#4 Posted : Monday, October 12, 2015 7:09:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
S.Mutaga III wrote:
We know the drill...these guys are just setting the mood for a Jumbo rights issue...the target is Wanjiku et al...I dont buy this story

Kenyans aren't taken in by these games any longer. KQ, Mumias, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Pesa Nane
#5 Posted : Monday, October 12, 2015 7:56:47 PM
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Joined: 5/25/2012
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AUDITED.

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#6 Posted : Monday, October 12, 2015 8:21:07 PM
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Its reasonable to be skeptic... but otherwise these figures / statistics are looking good!. Very good. Way too goood!

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#7 Posted : Monday, October 12, 2015 8:34:12 PM
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Location: 08c
Quote:
Profit propelled by capacity growth, improved performance and tax credits from capital allowances enjoyed by the company following the commissioning of 280MW Geothermal plants, wellheads in Olkaria and Ngong wind


Dividend Ksh. 0.65 per share
Pesa Nane plans to be shilingi when he grows up.
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uchumi
#8 Posted : Monday, October 12, 2015 9:02:22 PM
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Joined: 9/16/2006
Posts: 229
excellent results
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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whiteowl
#9 Posted : Monday, October 12, 2015 9:14:44 PM
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Joined: 4/16/2014
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With the current liquidity vacuum and the rights issue urban legend, it will stay grounded for quit a while.For 2 or more years no matter how rosy the profits will be.
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sparkly
#10 Posted : Monday, October 12, 2015 9:46:14 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
uchumi wrote:
excellent results


Yeah, this is how you grow a company! Grow the top line and the bottom line will take care of itself... the opposite of KQ.
Life is short. Live passionately.
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Ericsson
#11 Posted : Monday, October 12, 2015 10:48:36 PM
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Joined: 12/4/2009
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Location: NAIROBI
In such a scenario I will compare the PBT in 2014 versus 2015.
Profit before tax grew by 208.99% from ksh.4.158bn to ksh.8.69bn.
Profit after tax depends on your arrangement with mr.taxman.
Mr, market due to his sluggish nature may not take into consideration the jump in profits hence the share price may not show a significant appreciation.
For the upcoming rights issue it may not be held this year due to gava being too broke to defend its stake unless they convert the debt into equity.
Upcoming rights issue may hold back any meaningful share price appreciation.
Good dividend though.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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hisah
#12 Posted : Monday, October 12, 2015 10:56:11 PM
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Joined: 8/4/2010
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Massive dilutive rights issue here we come. Who releases very rosy news in a bear market? 65cts to be paid out as dividend out of EPS KES 5.24. What a joke! Now I strongly prefer KPLC.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Sufficiently Philanga....thropic
#13 Posted : Monday, October 12, 2015 11:09:42 PM
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Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
NAV(After revaluation of PPE & before expected dilution) = 64.4
PER at todays closing price of KES.8.3(pre dilution)= 1.58
d'oh!
@SufficientlyP
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murchr
#14 Posted : Monday, October 12, 2015 11:43:45 PM
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Joined: 2/26/2012
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Its been 2 years now since this company issued a statement on rights...
"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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sparkly
#15 Posted : Tuesday, October 13, 2015 12:29:30 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
Massive dilutive rights issue here we come. Who releases very rosy news in a bear market? 65cts to be paid out as dividend out of EPS KES 5.24. What a joke! Now I strongly prefer KPLC.


The good news is that Kengen is a cashflow cow and GOK has been doing the heavy lifting by guaranteeing the loans from development partners.
Life is short. Live passionately.
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Aguytrying
#16 Posted : Tuesday, October 13, 2015 2:44:09 AM
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Joined: 7/11/2010
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The only problem with this and KPLC is That shareholders are down the pecking order of benefit. I'd have expected a better dividend from this performance ala wtk cc @hisah.
The investor's chief problem - and even his worst enemy - is likely to be himself
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murchr
#17 Posted : Tuesday, October 13, 2015 4:37:19 AM
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Aguytrying wrote:
The only problem with this and KPLC is That shareholders are down the pecking order of benefit. I'd have expected a better dividend from this performance ala wtk cc @hisah.


I don't understand why they are paying divs yet they need money.
"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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VituVingiSana
#18 Posted : Tuesday, October 13, 2015 6:34:21 AM
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murchr wrote:
Aguytrying wrote:
The only problem with this and KPLC is That shareholders are down the pecking order of benefit. I'd have expected a better dividend from this performance ala wtk cc @hisah.


I don't understand why they are paying divs yet they need money.

PR. KenGen should NOT be paying dividends but it looks good in the public's eye (& the thousands of shareholders) if they do. Compare to Centum where Kirubi doesn't care about dividends as the shareholder list is much smaller.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Angelica _ann
#19 Posted : Tuesday, October 13, 2015 6:47:55 AM
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What is the composition of other Comprehensive Income & is the growth sustainable.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana
#20 Posted : Tuesday, October 13, 2015 7:08:02 AM
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Posts: 18,121
Location: Nairobi
Angelica _ann wrote:
What is the composition of other Comprehensive Income & is the growth sustainable.
I don't have info on the former until the Annual Report comes out. Not sustainable/repeated.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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