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Metch		#271 Posted : Wednesday, November 13, 2019 4:21:19 PM
Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya		Angelica _ann wrote: kawi254 wrote: Any white smoke on Auditor General's appointment? What if the Auditor General is not appointed by end month? The end month date can always be extended, remember you are dealing with CMA, watu ni kujuana!!!! This country is run by bandits! We may see results next year. Remember the Auditor general will not get into office and sign everything overnight. Start!
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VituVingiSana		#272 Posted : Wednesday, November 13, 2019 6:22:58 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,366 Location: Nairobi		Metch wrote: Angelica _ann wrote: kawi254 wrote: Any white smoke on Auditor General's appointment? What if the Auditor General is not appointed by end month? The end month date can always be extended, remember you are dealing with CMA, watu ni kujuana!!!! This country is run by bandits! We may see results next year. Remember the Auditor general will not get into office and sign everything overnight. See why I am not a fan of GoK firms! Of course, Kenya Re will also face the same problem in a few months! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#273 Posted : Thursday, November 14, 2019 7:38:10 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Metch wrote: Angelica _ann wrote: kawi254 wrote: Any white smoke on Auditor General's appointment? What if the Auditor General is not appointed by end month? The end month date can always be extended, remember you are dealing with CMA, watu ni kujuana!!!! This country is run by bandits! We may see results next year. Remember the Auditor general will not get into office and sign everything overnight. Kengen should release the results as unaudited. Investors in listed companes need assurance that their investments are not subject to political processes. Life is short. Live passionately.
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Ebenyo		#274 Posted : Thursday, November 14, 2019 7:56:29 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,019 Location: Kitale		Metch wrote: Angelica _ann wrote: kawi254 wrote: Any white smoke on Auditor General's appointment? What if the Auditor General is not appointed by end month? The end month date can always be extended, remember you are dealing with CMA, watu ni kujuana!!!! This country is run by bandits! We may see results next year. Remember the Auditor general will not get into office and sign everything overnight. Kukuwa shareholder na GOK ni stress.Apart from kcb and safaricom where there ownership is small,keep off where they hold controlling stake. Towards the goal of financial freedom
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FUNKY		#275 Posted : Friday, November 15, 2019 12:03:26 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		https://www.nation.co.ke...9378-14e81ys/index.html Kengen issuing a special dividend is highly possible
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sparkly		#276 Posted : Friday, November 15, 2019 2:53:41 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		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. Life is short. Live passionately.
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Ericsson		#277 Posted : Friday, November 15, 2019 5:18:30 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI		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. I wonder,probably next year. They retired the PIBO last month by paying the last principal payment and interest. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#278 Posted : Friday, November 15, 2019 7:00:52 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,366 Location: Nairobi		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*
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Angelica _ann		#279 Posted : Friday, November 15, 2019 7:57:07 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,936		Even if it was to pay special dividend now, the drought that is likely to follow will be worse than Sahara as we head to election 2022. 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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kenyan2019		#280 Posted : Tuesday, November 19, 2019 4:15:05 PM
Rank: New-farer Joined: 12/30/2018 Posts: 94		https://twitter.com/TheS...1196777351578828801?s=20
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