wazua Sun, Sep 14, 2025
Welcome Guest Search | Active Topics | Log In

38 Pages«<35363738>
Kengen success
Options
Previous Topic · Next Topic
sparkly
#721 Posted : Thursday, October 20, 2016 11:30:39 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
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


Robbery right in front of our eyes:

1. Compensating tax of 43% arose if a company paid dividends out of untaxed capital gains (eg from sale of land).
2. Compensating tax was replaced with 5% capital gains tax on property a couple of years ago.

Management owes an explanation:
1. Why they are paying compensating tax after it was abolished?
2. Where is the +5B dividend declared or distributed other than from operational profits?
Life is short. Live passionately.
Back to top
 Report Abusive | Report SPAM
Angelica _ann
#722 Posted : Thursday, October 20, 2016 1:22:57 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,927
You guys have been played, accept and move on Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
 Report Abusive | Report SPAM
lochaz-index
#723 Posted : Thursday, October 20, 2016 1:26:14 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
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.

In my opinion, a jumbo cash call by any company in any jurisdiction is always a big red flag for one reason or the other. It implies that either the management was napping on the job or is a distress sign of imminent trouble or both - take your pick. Kengen fits the template too.

It doesn't matter the reason that is being used to justify the cash call, the actual reason is never pretty particularly for the shareholder.

Expecting a such a company to again issue out a substantial chunk (through dividends) of the money raised after wringing/milking the shareholders to the last penny was and is a tall order to say the least.

By and large, a dividend cut was to be expected, a total shut-out on the other hand says that there are more skeletons to be unearthed here in due time.
The main purpose of the stock market is to make fools of as many people as possible.
Back to top
 Report Abusive | Report SPAM
snipermnoma
#724 Posted : Friday, October 21, 2016 9:49:27 AM
Rank: Member


Joined: 1/3/2014
Posts: 257
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.


@spikes i hope you are seeing the board, demand is between 4.00 and 4.75 (9:50am)
Back to top
 Report Abusive | Report SPAM
lochaes
#725 Posted : Friday, October 21, 2016 10:07:34 AM
Rank: New-farer


Joined: 6/30/2014
Posts: 86
Location: nairobi
Realcement wrote:
KENGEN......

Watch out AUG/SEPT/OCT
You will get it far cheaper than 6.55 bob rights price.
It will surely cave in to the rampaging bears.
For those that can wait till Q1/Q2 2017 it will even be cheaper (Election year)



Applause Applause Applause
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#726 Posted : Friday, October 21, 2016 12:17:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,256
Location: Nairobi
Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is acting shady! I have justified investing in KenRe as a fan of Warren Buffett, cash holdings and complex business perhaps not as prone to straightforward looting like at KQ BUT never say never*
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM | Edit by user: Friday, October 21, 2016 1:00 PM | Reason: Not specified
watesh
#727 Posted : Friday, October 21, 2016 12:34:03 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 992
Location: Kenya
wukan 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.


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

Am waiting to see if we get our usual 0.50 dividend from Kenya Power or if pia that has been diverted to fund campaigns
Back to top
WWW
 Report Abusive | Report SPAM
Spikes
#728 Posted : Friday, October 21, 2016 12:49:51 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is actng shady!*



@vvs you have been warning us. Kwanza mimi ndio mshindani but I have learnt through the hard way! Baptism by both water and fire.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Back to top
 Report Abusive | Report SPAM
MaichBlack
#729 Posted : Friday, October 21, 2016 1:03:48 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,641
obiero wrote:
KES 14.35 PBT, dividend KES 0.75

Worst "insider" information ever.

Listening to Wazuans might at times make you lose the shirt on your back!!!

But at least there was a precedence (KQ!!!). Anyone who fell for this information and has been on Wazua for some time can only blame himself/herself.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
 Report Abusive | Report SPAM | Edit by user: Friday, October 21, 2016 1:15 PM | Reason: Not specified
obiero
#730 Posted : Friday, October 21, 2016 1:10:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
MaichBlack wrote:
obiero wrote:
KES 14.35 PBT, dividend KES 0.75

Worst "insider" information ever.

Listening to Wazuans might at times make you lose the shirt on your back!!!

LOL. I sold out pre-rights.. Sue me

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM | Edit by user: Friday, October 21, 2016 1:12 PM | Reason: Not specified
MaichBlack
#731 Posted : Friday, October 21, 2016 1:19:00 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,641
obiero wrote:
MaichBlack wrote:
obiero wrote:
KES 14.35 PBT, dividend KES 0.75

Worst "insider" information ever.

Listening to Wazuans might at times make you lose the shirt on your back!!!

LOL. I sold out pre-rights.. Sue me

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

I know you and your legendary KQ insider information where you were urging people to buy all the way from Kshs. 60/= to Kshs. 3.xy or thereabouts.

So let's just say I totally ignored this "insider information"!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
 Report Abusive | Report SPAM
obiero
#732 Posted : Friday, October 21, 2016 1:21:44 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
Spikes wrote:
VituVingiSana wrote:
Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is actng shady!*



@vvs you have been warning us. Kwanza mimi ndio mshindani but I have learnt through the hard way! Baptism by both water and fire.

Safaricom??

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM
Fyatu
#733 Posted : Friday, October 21, 2016 1:21:50 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
watesh wrote:
wukan 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.


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

Am waiting to see if we get our usual 0.50 dividend from Kenya Power or if pia that has been diverted to fund campaigns


Any news/info/rumours when they might be announcing the results? Ama bado ziko mbali kuiva?
Dumb money becomes dumb only when it listens to smart money
Back to top
 Report Abusive | Report SPAM
obiero
#734 Posted : Friday, October 21, 2016 1:23:36 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
MaichBlack wrote:
obiero wrote:
MaichBlack wrote:
obiero wrote:
KES 14.35 PBT, dividend KES 0.75

Worst "insider" information ever.

Listening to Wazuans might at times make you lose the shirt on your back!!!

LOL. I sold out pre-rights.. Sue me

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

I know you and your legendary KQ insider information where you were urging people to buy all the way from Kshs. 60/= to Kshs. 3.xy or thereabouts.

So let's just say I totally ignored this "insider information"!!!

Hahaha.. You are funniest. But in all fairness I revised the PBT and dividend forecast to KES 13.45 & KES 0.35 respectively

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM | Edit by user: Friday, October 21, 2016 1:26 PM | Reason: Not specified
watesh
#735 Posted : Friday, October 21, 2016 2:18:38 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 992
Location: Kenya
Fyatu wrote:
watesh wrote:
wukan 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.


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

Am waiting to see if we get our usual 0.50 dividend from Kenya Power or if pia that has been diverted to fund campaigns


Any news/info/rumours when they might be announcing the results? Ama bado ziko mbali kuiva?

Last year they were released end of October so I guess ziko karibu kuiva
Back to top
WWW
 Report Abusive | Report SPAM
obiero
#736 Posted : Friday, October 21, 2016 6:15:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,890
Location: nairobi
enyands wrote:
obiero wrote:
guru267 wrote:
sparkly wrote:
kawi254 wrote:
Blonde question:

Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.

However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?

ignore that Govts 20 B is debt convertion.


Can't add capitalisation to Shareholders funds.

current amount of shareholders is quite high, I think 60B or so.

At the end of the rights 28.8B will be added to shareholders funds.


Shareholder funds will be about KES 180 Bn after the rights issue

This is a tragedy. Based on analysis I will wait out the storm and buy postissuance



I second you in this man obi

Post #348 May 26th

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.76; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM
VituVingiSana
#737 Posted : Friday, October 21, 2016 6:33:50 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,256
Location: Nairobi
obiero wrote:
Spikes wrote:
VituVingiSana wrote:
Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is actng shady!*



@vvs you have been warning us. Kwanza mimi ndio mshindani but I have learnt through the hard way! Baptism by both water and fire.

Safaricom??

Vodafone owns 40% & can (thankfully) out-vote GoK.
Controlled by Vodafone. MJ was a Vodafone employee. BC was/is a Vodafone employee. The CFO is seconded by Vodafone.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
mkate_nusu
#738 Posted : Friday, October 21, 2016 11:10:47 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
In the words of a famous wazuan:

Please do your research, homework, term papers, thesis then decide whether that stock is good for you...

Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...

The juicy EPS last year was the butcher's call
KEGN, KPLC, KQ, SCOM
Back to top
 Report Abusive | Report SPAM
sparkly
#739 Posted : Saturday, October 22, 2016 8:15:03 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mkate_nusu wrote:
In the words of a famous wazuan:

Please do your research, homework, term papers, thesis then decide whether that stock is good for you...

Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...

The juicy EPS last year was the butcher's call


We have really been played. Even a 5 cent Dividend...
Life is short. Live passionately.
Back to top
 Report Abusive | Report SPAM
Angelica _ann
#740 Posted : Saturday, October 22, 2016 11:39:55 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,927
sparkly wrote:
mkate_nusu wrote:
In the words of a famous wazuan:

Please do your research, homework, term papers, thesis then decide whether that stock is good for you...

Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...

The juicy EPS last year was the butcher's call


We have really been played. Even a 5 cent Dividend...

Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (7)
38 Pages«<35363738>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.