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KenGen HY 2019
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Ericsson
#281 Posted : Tuesday, November 19, 2019 4:32:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
kenyan2019 wrote:
https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20


Auditor General jee
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kenyan2019
#282 Posted : Tuesday, November 19, 2019 4:42:52 PM
Rank: New-farer

Joined: 12/30/2018
Posts: 94
Ericsson wrote:
kenyan2019 wrote:
https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20


Auditor General jee



Dalili ya mvua ni mawingu !!smile smile smile
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sparkly
#283 Posted : Tuesday, November 19, 2019 8:46:55 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
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.
Laughing out loudly Laughing out loudly Laughing out loudly
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.


Our investments will be raided to bail out KQ and pay @Obiero.
Life is short. Live passionately.
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watesh
#284 Posted : Wednesday, November 20, 2019 8:01:31 AM
Rank: Veteran

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


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought
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Ericsson
#285 Posted : Wednesday, November 20, 2019 9:55:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
watesh 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


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#286 Posted : Wednesday, November 20, 2019 11:31:10 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
watesh 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


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.
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Angelica _ann
#287 Posted : Wednesday, November 20, 2019 11:38:07 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,936
kawi254 wrote:
Ericsson wrote:
watesh 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


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


So they pay the special dividend, then run back to the same Government to give them guarantees to borrow for future capital expenditures and expansion. Doesn't make sense to me, watching from the sidelines smile
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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Ericsson
#288 Posted : Wednesday, November 20, 2019 11:43:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
watesh 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


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KaunganaDoDo
#289 Posted : Wednesday, November 20, 2019 2:42:46 PM
Rank: Member

Joined: 8/6/2018
Posts: 299
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh 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


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque
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Ericsson
#290 Posted : Wednesday, November 20, 2019 3:14:59 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh 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


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque


Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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