sparkly wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible
How much idle cash does Kengen have? We the shareholders had to double our investment in the company to shore up the reserves.
Exactly!
Which "idle cash" when there are huge loans to pay?
Also KE needs more baseload power and KenGen should reinvest funds in viable projects. These are pricey. They take a long time to come online.
If KPLC falters in making timely payments then KenGen needs cash to pay its obilgations.
Going into 2020, I have moved to cash-rich firms or low debt:equity firms.
No more ARMs. Even my sole GoK holding is KenRe with lots of cash.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett