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Kengen success
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guru267
#701 Posted : Wednesday, October 19, 2016 8:40:33 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
There is dividend.
It will be announced during the investor briefing and notes accompanying the results.
Dividend will be around 30 cents per share


Don't try and stop the blood bath....

"In view of the pipeline projects enumerated above, the Board of Directors does not recommend payment of dividend for the year"


Mark 12:29
Deuteronomy 4:16
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obiero
#702 Posted : Wednesday, October 19, 2016 8:43:23 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Spikes wrote:
obiero wrote:
KES 13.45 PBT, dividend KES 0.75



Is it from exchange bar?

KES 11.2B PBT.. That's a decent performance by Kengen

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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MadDoc
#703 Posted : Wednesday, October 19, 2016 8:56:49 PM
Rank: Member


Joined: 10/26/2015
Posts: 151
guru267 wrote:
This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...

But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market...


You read my mind. I will enter at sub 5 n exit at 6.
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Spikes
#704 Posted : Wednesday, October 19, 2016 9:01:03 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
MadDoc wrote:
guru267 wrote:
This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...

But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market...


You read my mind. I will enter at sub 5 n exit at 6.



This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero
#705 Posted : Wednesday, October 19, 2016 9:03:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Spikes wrote:
MadDoc wrote:
guru267 wrote:
This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...

But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market...


You read my mind. I will enter at sub 5 n exit at 6.



This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries.

The stock is unlikely to tank.. Just a slight wobble at best

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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mkate_nusu
#706 Posted : Wednesday, October 19, 2016 9:31:17 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
guru267 wrote:
Ericsson wrote:
There is dividend.
It will be announced during the investor briefing and notes accompanying the results.
Dividend will be around 30 cents per share


Don't try and stop the blood bath....

"In view of the pipeline projects enumerated above, the Board of Directors does not recommend payment of dividend for the year"




Lack of dividends will see speculative investors exit in coming days.
KEGN, KPLC, KQ, SCOM
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Angelica _ann
#707 Posted : Wednesday, October 19, 2016 9:43:06 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,927
This one is steak and soup smile
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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guru267
#708 Posted : Wednesday, October 19, 2016 9:50:07 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
obiero wrote:
Spikes wrote:
MadDoc wrote:
guru267 wrote:
This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...

But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market...


You read my mind. I will enter at sub 5 n exit at 6.



This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries.

The stock is unlikely to tank.. Just a slight wobble at best


With EPS of 1.08, Revenue up 28%, PBT up 29%, shareholder funds of KES 367Bn etc. all rationality shows that the share price should be stable.

But we all know about market rationality in the short term.... This one will bleed until H1 2017 results.


Mark 12:29
Deuteronomy 4:16
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Ebenyo
#709 Posted : Wednesday, October 19, 2016 9:55:59 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
guru267 wrote:
This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...

But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market...


@guru,i wont sell at a loss.I will take the advantage to average down my buying price(ABP).
Towards the goal of financial freedom
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mkate_nusu
#710 Posted : Wednesday, October 19, 2016 10:12:56 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
guru267 wrote:
obiero wrote:
Spikes wrote:
MadDoc wrote:
guru267 wrote:
This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...

But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market...


You read my mind. I will enter at sub 5 n exit at 6.



This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries.

The stock is unlikely to tank.. Just a slight wobble at best


With EPS of 1.08, Revenue up 28%, PBT up 29%, shareholder funds of KES 367Bn etc. all rationality shows that the share price should be stable.

But we all know about market rationality in the short term.... This one will bleed until H1 2017 results.




PAT gives the real picture considering they received a tax credit(approx 3 billion) in FY15 for Olkaria phase IV development.
The 2:1 rights shares was the beginning of the problems for kengen shareholders going forward
KEGN, KPLC, KQ, SCOM
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Ericsson
#711 Posted : Thursday, October 20, 2016 7:14:20 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,786
Location: NAIROBI
This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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hisah
#712 Posted : Thursday, October 20, 2016 8:09:18 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@sparkly - Our October date has arrived.

I'm surprised that the price hasn't turned below 5 as per my expectation due to the dilutive rights. Actually price staying above the rights price is impressive!

FY shows growth, but as expected the previously massaged PAT was going to be down in this result release. This and the dilutive rights is why I expected price to tank sub 5 by October. Will it happen in the remaining 6 trading days?

Lack of dividend pay is an outlier! I expected a dividend cut, not a drought! This add fuel to my sub 5 call Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kaimbaga2012
#713 Posted : Thursday, October 20, 2016 8:09:51 AM
Rank: New-farer


Joined: 10/25/2011
Posts: 67
Ericsson wrote:
This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity.


Next year is an election year my friend. You don't have to ask where the millions donated every weekend are coming from. Dividend drought for the shareholders.

Can someone kindly explain to me what Compensating tax is.
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obiero
#714 Posted : Thursday, October 20, 2016 8:25:10 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
kaimbaga2012 wrote:
Ericsson wrote:
This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity.


Next year is an election year my friend. You don't have to ask where the millions donated every weekend are coming from. Dividend drought for the shareholders.

Can someone kindly explain to me what Compensating tax is.

That is also new to me

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
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Plimsoul
#715 Posted : Thursday, October 20, 2016 9:08:04 AM
Rank: Member


Joined: 3/3/2016
Posts: 132
Ericsson wrote:
There is dividend.
It will be announced during the investor briefing and notes accompanying the results.
Dividend will be around 30 cents per share


Does anyone know when and where the investor briefing will be?
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wukan
#716 Posted : Thursday, October 20, 2016 9:12:57 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,621
Ericsson wrote:
This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity.


Told you back in May you are better off as debt holder than equity holder. Wait for Kenya power results and see the disaster of central planning instead of market driven planning
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Aguytrying
#717 Posted : Thursday, October 20, 2016 9:14:40 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
A dividend drought. With flimsy explanations, I wonder why? I wish I could act surprised but I can't, this is the way of gava firms. Shareholders interests mean nothing to them.
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#718 Posted : Thursday, October 20, 2016 10:07:13 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
obiero wrote:
kaimbaga2012 wrote:
Ericsson wrote:
This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity.


Next year is an election year my friend. You don't have to ask where the millions donated every weekend are coming from. Dividend drought for the shareholders.

Can someone kindly explain to me what Compensating tax is.

That is also new to me


I'm also very curious to know about this compensation tax
Mark 12:29
Deuteronomy 4:16
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Realcement
#719 Posted : Thursday, October 20, 2016 11:15:28 AM
Rank: Member


Joined: 7/21/2014
Posts: 100
Location: Ghana
As earlier stated.
Kengen rights was too expensive at 6.55.
Counter over diluted.
Serious price fall for sure in coming months (election year 2017).

Post rights ZERO dividend is the worse in History when the company still reported profits.
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sparkly
#720 Posted : Thursday, October 20, 2016 11:16:59 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
@sparkly - Our October date has arrived.

I'm surprised that the price hasn't turned below 5 as per my expectation due to the dilutive rights. Actually price staying above the rights price is impressive!

FY shows growth, but as expected the previously massaged PAT was going to be down in this result release. This and the dilutive rights is why I expected price to tank sub 5 by October. Will it happen in the remaining 6 trading days?

Lack of dividend pay is an outlier! I expected a dividend cut, not a drought! This add fuel to my sub 5 call Sad


@Hisah I am shocked beyond words by the dividend drought.
A sign of the company becoming another KQ where there is everything for everyone else apart from the minority shareholders??
1. GOK through Treasury gets over 10B in direct & indirect taxes.
2. Over 3B in interest for debt financiers.
3. A supplier / tenderprenuers paradise.
4. CSR - hundreds of millions spent building houses for maasai in Ol Karia and educating Kambas in Masinga.

Totally unacceptable and for that reason, I will be reviewing my position to see whether I can get better value elsewhere.
Life is short. Live passionately.
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