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KenGen HY 2019
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Ericsson wrote:Kengen is pleased to announce successful synchronization of Olkaria V unit 1 to the national grid on Friday 26th July.
The unit achieved the design full load of 86.6 MW at 120 hrs on Saturday 27th which is above the rated capacity of 82.7 MW. Very good news
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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FUNKY wrote:Ericsson wrote:Kengen is pleased to announce successful synchronization of Olkaria V unit 1 to the national grid on Friday 26th July.
The unit achieved the design full load of 86.6 MW at 120 hrs on Saturday 27th which is above the rated capacity of 82.7 MW. Very good news Kengen says its added 79Mw of geothermal energy into the grid. The remaining power to make it 158MW will be added by end of August Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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Quote:
The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.
Link“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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With a slowing economy,companies laying off workers,others reducing operations earnings growth will be tough. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,365 Location: Nairobi
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shiznit wrote:Quote:
The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.
Link Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights? Or will KenGen become 90% owned by PIC and GoK? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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VituVingiSana wrote:shiznit wrote:Quote:
The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.
Link Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights? Or will KenGen become 90% owned by PIC and GoK? This is old news,there is no upcoming rights issue as far as I have heard. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Ericsson wrote:VituVingiSana wrote:shiznit wrote:Quote:
The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.
Link Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights? Or will KenGen become 90% owned by PIC and GoK? This is old news,there is no upcoming rights issue as far as I have heard. True no upcoming rights issue and also they are very much cash rich at the moment
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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FUNKY wrote:Ericsson wrote:VituVingiSana wrote:shiznit wrote:Quote:
The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.
Link Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights? Or will KenGen become 90% owned by PIC and GoK? This is old news,there is no upcoming rights issue as far as I have heard. True no upcoming rights issue and also they are very much cash rich at the moment So is there a possibility of a hike in the dividend during full year announcement in October? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Ericsson wrote:FUNKY wrote:Ericsson wrote:VituVingiSana wrote:shiznit wrote:Quote:
The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.
Link Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights? Or will KenGen become 90% owned by PIC and GoK? This is old news,there is no upcoming rights issue as far as I have heard. True no upcoming rights issue and also they are very much cash rich at the moment So is there a possibility of a hike in the dividend during full year announcement in October? The same is inconsistent with aversion to dilutive funding, since internal funds will need to be utilised. On the plus side, the case for a bonus issue is building...
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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Extraterrestrial wrote:Ericsson wrote:FUNKY wrote:Ericsson wrote:VituVingiSana wrote:shiznit wrote:Quote:
The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.
Link Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights? Or will KenGen become 90% owned by PIC and GoK? This is old news,there is no upcoming rights issue as far as I have heard. True no upcoming rights issue and also they are very much cash rich at the moment So is there a possibility of a hike in the dividend during full year announcement in October? The same is inconsistent with aversion to dilutive funding, since internal funds will need to be utilised. On the plus side, the case for a bonus issue is building... The 10 year bond is maturing in November,so going forward there would be no principal and interest payments on it. At the current price bonus issue makes no sense Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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