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KenGen HY 2019
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:sparkly wrote:VituVingiSana wrote:https://googleweblight.com/i?u=https://www.businessdailyafrica.com/economy/Eyes-on-Uhuru-in-last-lap-of-race/3946234-5324304-x4q6ibz/index.html&hl=en-KE&tg=873&pt=28
The race for the country’s next Auditor-General enters the homestretch today as the last two of the 17 shortlisted candidates appear before the selection panel.
The panel, led by Sammy Onyango, has seven days (up to next week) to forward three names of the selected candidates to President Uhuru Kenyatta for nomination.
The law also hands Mr Kenyatta seven days to pick one candidate for appointment as the Auditor-General and forward the name to the National Assembly.
The Public Audit Act further grants the National Assembly three days to approve or reject the nomination within three days. Very worrying that the AG left office without a replacement It's the ACT/constitution So the guy will assume office and just start signing off results - ceremonial  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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Angelica _ann wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:https://googleweblight.com/i?u=https://www.businessdailyafrica.com/economy/Eyes-on-Uhuru-in-last-lap-of-race/3946234-5324304-x4q6ibz/index.html&hl=en-KE&tg=873&pt=28
The race for the country’s next Auditor-General enters the homestretch today as the last two of the 17 shortlisted candidates appear before the selection panel.
The panel, led by Sammy Onyango, has seven days (up to next week) to forward three names of the selected candidates to President Uhuru Kenyatta for nomination.
The law also hands Mr Kenyatta seven days to pick one candidate for appointment as the Auditor-General and forward the name to the National Assembly.
The Public Audit Act further grants the National Assembly three days to approve or reject the nomination within three days. Very worrying that the AG left office without a replacement It's the ACT/constitution So the guy will assume office and just start signing off results - ceremonial The detailed work has been done by the junior staff Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Kenya’s electricity imports shot up by 63.7 percent in the first eight months compared to a similar period last year despite official data showing the country generates more power than it consumes. The Energy ministry attributes the sharp growth to a 50 percent tariff cut that Uganda offered Kenya from June. Energy Cabinet Secretary Charles Keter said the ministry opted for the cheaper imports to supply the western parts of the country whose demand has been on the rise. The region is also yet to be hooked onto the geothermal power from Olkaria. “The Muhoroni generator which largely supplies the region is Sh35 per unit compared to Uganda’s power which was Sh22 per unit before June and is now Sh14 per unit,” Mr Keter said “And by end of this month we’ll be buying from Uganda at Sh10 and being a hydro power, it gives us a lot of stability in the region even as demand continues to rise”. Kenya bought 153.06 gigawatt hours (GWh) of electricity from Uganda from January to August and an additional 2.48 GWh from Ethiopia, according to the latest data from the Kenya National Bureau of Statistics. The total purchase represents a 64 percent rise compared to last year’s 94.98GWh over a similar period. https://www.businessdail...7616-138ot2xz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/1/2009 Posts: 256
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:https://googleweblight.com/i?u=https://www.businessdailyafrica.com/economy/Eyes-on-Uhuru-in-last-lap-of-race/3946234-5324304-x4q6ibz/index.html&hl=en-KE&tg=873&pt=28
The race for the country’s next Auditor-General enters the homestretch today as the last two of the 17 shortlisted candidates appear before the selection panel.
The panel, led by Sammy Onyango, has seven days (up to next week) to forward three names of the selected candidates to President Uhuru Kenyatta for nomination.
The law also hands Mr Kenyatta seven days to pick one candidate for appointment as the Auditor-General and forward the name to the National Assembly.
The Public Audit Act further grants the National Assembly three days to approve or reject the nomination within three days. Very worrying that the AG left office without a replacement It's the ACT/constitution So the guy will assume office and just start signing off results - ceremonial The detailed work has been done by the junior staff That's the standard practice in my experience; middle and junior management does the work, the top guys just sign, and perhaps suggest minor wording changes; except where they want to influence the results, in the AG case, due to political interests.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Monk wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:https://googleweblight.com/i?u=https://www.businessdailyafrica.com/economy/Eyes-on-Uhuru-in-last-lap-of-race/3946234-5324304-x4q6ibz/index.html&hl=en-KE&tg=873&pt=28
The race for the country’s next Auditor-General enters the homestretch today as the last two of the 17 shortlisted candidates appear before the selection panel.
The panel, led by Sammy Onyango, has seven days (up to next week) to forward three names of the selected candidates to President Uhuru Kenyatta for nomination.
The law also hands Mr Kenyatta seven days to pick one candidate for appointment as the Auditor-General and forward the name to the National Assembly.
The Public Audit Act further grants the National Assembly three days to approve or reject the nomination within three days. Very worrying that the AG left office without a replacement It's the ACT/constitution So the guy will assume office and just start signing off results - ceremonial The detailed work has been done by the junior staff That's the standard practice in my experience; middle and junior management does the work, the top guys just sign, and perhaps suggest minor wording changes; except where they want to influence the results, in the AG case, due to political interests. If work is done by juniors, CMA shoukd just approve waiver Life is short. Live passionately.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Lot of activity on kengen today!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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sparkly wrote:Monk wrote:Ericsson wrote:Angelica _ann wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:https://googleweblight.com/i?u=https://www.businessdailyafrica.com/economy/Eyes-on-Uhuru-in-last-lap-of-race/3946234-5324304-x4q6ibz/index.html&hl=en-KE&tg=873&pt=28
The race for the country’s next Auditor-General enters the homestretch today as the last two of the 17 shortlisted candidates appear before the selection panel.
The panel, led by Sammy Onyango, has seven days (up to next week) to forward three names of the selected candidates to President Uhuru Kenyatta for nomination.
The law also hands Mr Kenyatta seven days to pick one candidate for appointment as the Auditor-General and forward the name to the National Assembly.
The Public Audit Act further grants the National Assembly three days to approve or reject the nomination within three days. Very worrying that the AG left office without a replacement It's the ACT/constitution So the guy will assume office and just start signing off results - ceremonial The detailed work has been done by the junior staff That's the standard practice in my experience; middle and junior management does the work, the top guys just sign, and perhaps suggest minor wording changes; except where they want to influence the results, in the AG case, due to political interests. If work is done by juniors, CMA shoukd just approve waiver Exactly!!! Anyway it is not my concern, i left and never coming back - my Ex. 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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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FUNKY wrote:Lot of activity on kengen today! share price ?? 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:FUNKY wrote:Lot of activity on kengen today! share price ?? It will be the next mbus...
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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As all the top stocks start becoming expensive, as perceived, the cheaper GoK entities should ideally become attractive. Eg. Kengen, Kenya Re, speculative KQ etc.
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Extraterrestrial wrote:As all the top stocks start becoming expensive, as perceived, the cheaper GoK entities should ideally become attractive. Eg. Kengen, Kenya Re, speculative KQ etc. As for KPLC, it may be more difficult since there is a major price dislodgement event ahead. Price controls really make businesses unattractive as seen by the rate cap repeal fueled rally...
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Extraterrestrial wrote:Extraterrestrial wrote:As all the top stocks start becoming expensive, as perceived, the cheaper GoK entities should ideally become attractive. Eg. Kengen, Kenya Re, speculative KQ etc. As for KPLC, it may be more difficult since there is a major price dislodgement event ahead. Price controls really make businesses unattractive as seen by the rate cap repeal fueled rally... Lower prices to buy stima?  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: 10,684 Location: NAIROBI
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VituVingiSana wrote:Extraterrestrial wrote:Extraterrestrial wrote:As all the top stocks start becoming expensive, as perceived, the cheaper GoK entities should ideally become attractive. Eg. Kengen, Kenya Re, speculative KQ etc. As for KPLC, it may be more difficult since there is a major price dislodgement event ahead. Price controls really make businesses unattractive as seen by the rate cap repeal fueled rally... Lower prices to buy stima? https://pbs.twimg.com/me...ormat=png&name=smallWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Extraterrestrial wrote:Extraterrestrial wrote:As all the top stocks start becoming expensive, as perceived, the cheaper GoK entities should ideally become attractive. Eg. Kengen, Kenya Re, speculative KQ etc. As for KPLC, it may be more difficult since there is a major price dislodgement event ahead. Price controls really make businesses unattractive as seen by the rate cap repeal fueled rally... Lower prices to buy stima? https://pbs.twimg.com/me...rmat=png&name=small A 40 cent dividend looks great as a DY if it can be maintained but KenGen/KPLC isn't my cup of tea. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 12/30/2018 Posts: 94
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Kenya’s energy generator, KenGen has signed a Kshs 5.8 Bn deal to drill 12 geothermal wells in Ethiopia and boost the country’s energy needs.In contract with Ethiopia’s independent power producer Tulu Moye Geothermal Operations (TMGO) PLC, KenGen will also provide water supply system and equipment. This is the second project for KenGen in Ethiopia after, it won a contract to drill geothermal wells for the Ethiopian Electric Power (EEP) in Aluto, Ethiopia. https://weetracker.com/2...thermal-energy-projects/
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=kenyan2019]Kenya’s energy generator, KenGen has signed a Kshs 5.8 Bn deal to drill 12 geothermal wells in Ethiopia and boost the country’s energy needs.In contract with Ethiopia’s independent power producer Tulu Moye Geothermal Operations (TMGO) PLC, KenGen will also provide water supply system and equipment. This is the second project for KenGen in Ethiopia after, it won a contract to drill geothermal wells for the Ethiopian Electric Power (EEP) in Aluto, Ethiopia. https://weetracker.com/2...hermal-energy-projects/[/quote] Stale news Life is short. Live passionately.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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watesh wrote:sparkly wrote:young wrote:For Diversification purposes KENGEN is one of the best out of the worst in Non Finance sector .
Others from my point of view for new entrants includes
Safaricom
Scan group
EABL
FAHR REIT
Scan group and FAHR better than Kengen? Are you out of your mind? Scangroup might give out a special dividend if they have nothing to do with that Ksh2.4 billion from the sale of two subsidiaries. They also sitting on a cash pile of ks4.4 billion. They just started finished a full year of proper operations in Nigeria, so its a pretty dope stock for dividends. FAHR should experience a rise in dividends in the coming financial year after the Finance Bill 2019 kicks in. If you bought in when it was trading at 7.20 at around a month ago, you would be looking at a yield of close to 12% despite the challenges they are experiencing with vacancies in some of their properties. Kengen is a great long term play due to stability and guaranteed revenues. However, if you want more return in terms of dividends within the next financial year outside the financial sector, Scangroup and FAHR offer some great opportunities. On point @Watesh on SCANGROUP The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Seems like Genghis' buy recommendation has given a bit of headroom.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Kengen is still trading below it's book value
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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KenGen seeking a PPP 140MW Olkaria geothermal project on Build Own Operate Transfer (BOOT) basis. Link
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