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KenGen HY 2019
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VituVingiSana
#421 Posted : Saturday, February 22, 2020 8:48:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#422 Posted : Saturday, February 22, 2020 1:50:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#423 Posted : Saturday, February 22, 2020 6:53:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#424 Posted : Saturday, February 22, 2020 11:24:48 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
True

*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.

I understand you from this angle.Kengen wanted to take a loan for Olkaria V and at that time,their debt to equity ratio couldn't allow.
This is where ARM went wrong,debt to equity ratio wasn't defined and adhered to.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#425 Posted : Sunday, February 23, 2020 1:46:41 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
True

*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.

I understand you from this angle.Kengen wanted to take a loan for Olkaria V and at that time,their debt to equity ratio couldn't allow.
This is where ARM went wrong,debt to equity ratio wasn't defined and adhered to.


Kengen is assured of market for installed capacity and power produced at pre-determined tariff. ARM wasn't assured of market share or price.
Life is short. Live passionately.
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Extraterrestrial
#426 Posted : Sunday, February 23, 2020 2:52:23 PM
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Joined: 11/17/2018
Posts: 173
Location: Mars
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sparkly
#427 Posted : Sunday, February 23, 2020 6:41:14 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Extraterrestrial wrote:
https://www.standardmedia.co.ke/mobile/amp/article/2001361482/search-for-auditor-turns-into-game-of-musical-chairs


Uhuru doesn't want accountability. Auditor General position will remain unoccupied till 2022.
Life is short. Live passionately.
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VituVingiSana
#428 Posted : Sunday, February 23, 2020 9:08:16 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
True

*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.

I understand you from this angle.Kengen wanted to take a loan for Olkaria V and at that time,their debt to equity ratio couldn't allow.
This is where ARM went wrong,debt to equity ratio wasn't defined and adhered to.

Kengen is assured of market for installed capacity and power produced at pre-determined tariff. ARM wasn't assured of market share or price.
My bad but wasn't this the also the case in 2014-16?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#429 Posted : Sunday, February 23, 2020 9:14:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
sparkly wrote:
Extraterrestrial wrote:
https://www.standardmedia.co.ke/mobile/amp/article/2001361482/search-for-auditor-turns-into-game-of-musical-chairs


Uhuru doesn't want accountability. Auditor General position will remain unoccupied till 2022.

But KenGen will be fine since "Kengen is assured of market for installed capacity and power produced at pre-determined tariff." Laughing out loudly
Who needs audits? Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#430 Posted : Sunday, February 23, 2020 11:35:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
They are having challenges in takers of power generated
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#431 Posted : Monday, February 24, 2020 3:01:40 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Without solvent captive buyers - in this case KPLC and a PPA - in the bag, the risk of a project is higher.
This is true for most projects whether the buyers are wholesale or retail.

KPLC has millions of captive buyers of its power but they are limited in what quantity they need to buy and at what price they will pay. Electricity can be substituted for some uses e.g. cooking with LPG instead of electricity.

Or at a high enough price, some e.g. cement producers may set up power plants since they are themselves large CAPTIVE users and a well-designed and right-sized plant should break-even with the cement plant's needs.

Does Centum have a PPA for Akiira? Yes (Investor Briefing)
Is this PPA limited to "Akiira"? Perhaps and if so then it may not be transferable to another area/SPV.

Does KenGen have a PPA for the 140MW project?
https://www.businessdail...twitter_impression=true
If yes, then the project's attractiveness just went up vs one without a PPA.

One risk all those with PPAs with KPLC have to consider is KPLC's continued solvency when politics trumps sensibility.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#432 Posted : Monday, February 24, 2020 3:54:35 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
True

*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.

I understand you from this angle.Kengen wanted to take a loan for Olkaria V and at that time,their debt to equity ratio couldn't allow.
This is where ARM went wrong,debt to equity ratio wasn't defined and adhered to.

Kengen is assured of market for installed capacity and power produced at pre-determined tariff. ARM wasn't assured of market share or price.
My bad but wasn't this the also the case in 2014-16?


I am pointing out why ARM is at the graveyard while Kengen is back from morgue.
Life is short. Live passionately.
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VituVingiSana
#433 Posted : Monday, February 24, 2020 4:34:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
True

*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.

I understand you from this angle.Kengen wanted to take a loan for Olkaria V and at that time,their debt to equity ratio couldn't allow.
This is where ARM went wrong,debt to equity ratio wasn't defined and adhered to.

Kengen is assured of market for installed capacity and power produced at pre-determined tariff. ARM wasn't assured of market share or price.
My bad but wasn't this the also the case in 2014-16?

I am pointing out why ARM is at the graveyard while Kengen is back from morgue.
The bailout (Debt:Equity conversion) similar to KQ helped but the "minority" shareholder ends up with an increasingly smaller stake in the firm.

Anyway, good luck!
May you prosper in KenGen.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#434 Posted : Monday, February 24, 2020 7:34:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
True

*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.

I understand you from this angle.Kengen wanted to take a loan for Olkaria V and at that time,their debt to equity ratio couldn't allow.
This is where ARM went wrong,debt to equity ratio wasn't defined and adhered to.

Kengen is assured of market for installed capacity and power produced at pre-determined tariff. ARM wasn't assured of market share or price.
My bad but wasn't this the also the case in 2014-16?

I am pointing out why ARM is at the graveyard while Kengen is back from morgue.
The bailout (Debt:Equity conversion) similar to KQ helped but the "minority" shareholder ends up with an increasingly smaller stake in the firm.

Anyway, good luck!
May you prosper in KenGen.

The government shareholding is still 70%.
ARM is at the graveyard because of theft/stealing and mismanagement by the son Paunrana.
The equipment at Kaloleni plant was outdated and was in dire need of an upgrade.
ARM also had a market which they had difficulties satisfying leading to demise.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#435 Posted : Monday, February 24, 2020 8:01:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
0.40 / 5.50 = 7.3% which is a decent DY.

Doesn't KenGen have huge loans?
The huge loans also got it into trouble a few years ago.

That has been overtaken by time.
Yaliyopita si ndwele ganga yajaayo

Well, then what level/amount of loans does KenGen have currently?

"Those who cannot remember the past are condemned to repeat it." - George Santayana
True

*Just recalling my misadventure in ARM which got a huge cash infusion from CDC and yet cratered.

I understand you from this angle.Kengen wanted to take a loan for Olkaria V and at that time,their debt to equity ratio couldn't allow.
This is where ARM went wrong,debt to equity ratio wasn't defined and adhered to.

Kengen is assured of market for installed capacity and power produced at pre-determined tariff. ARM wasn't assured of market share or price.
My bad but wasn't this the also the case in 2014-16?

I am pointing out why ARM is at the graveyard while Kengen is back from morgue.
The bailout (Debt:Equity conversion) similar to KQ helped but the "minority" shareholder ends up with an increasingly smaller stake in the firm.

Anyway, good luck!
May you prosper in KenGen.

The government shareholding is still 70%.
ARM is at the graveyard because of theft/stealing and mismanagement by the son Paunrana.
The equipment at Kaloleni plant was outdated and was in dire need of an upgrade.
ARM also had a market which they had difficulties satisfying leading to demise.


Anyway, Good Luck!
I wish you prosper in KenGen.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KaunganaDoDo
#436 Posted : Monday, February 24, 2020 8:22:12 AM
Rank: Member


Joined: 8/6/2018
Posts: 299
Ericsson wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
Extraterrestrial wrote:
Lol CMA might again stop release at the last moment. These guys know how to play Kengen. Meanwhile, Madame Rebecca is on a roll with bagging more African business.

KaunganaDoDo any comment


No Chance for Further delays. Unless there's a coup de etat


What is the expected date for release?

Still unknown


This is the week that the Lord has made that we may rejoice and be glad in it
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sparkly
#437 Posted : Monday, February 24, 2020 11:56:14 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
Extraterrestrial wrote:
Lol CMA might again stop release at the last moment. These guys know how to play Kengen. Meanwhile, Madame Rebecca is on a roll with bagging more African business.

KaunganaDoDo any comment


No Chance for Further delays. Unless there's a coup de etat


What is the expected date for release?

Still unknown


This is the week that the Lord has made that we may rejoice and be glad in it


Amen! There are many naysayers but we trust in the Lord to provide a fat dividend
Life is short. Live passionately.
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Ericsson
#438 Posted : Monday, February 24, 2020 12:05:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
Extraterrestrial wrote:
Lol CMA might again stop release at the last moment. These guys know how to play Kengen. Meanwhile, Madame Rebecca is on a roll with bagging more African business.

KaunganaDoDo any comment


No Chance for Further delays. Unless there's a coup de etat


What is the expected date for release?

Still unknown


This is the week that the Lord has made that we may rejoice and be glad in it


Amen! There are many naysayers but we trust in the Lord to provide a fat dividend


Medication ya corona virus
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KaunganaDoDo
#439 Posted : Monday, February 24, 2020 12:13:33 PM
Rank: Member


Joined: 8/6/2018
Posts: 299
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
Extraterrestrial wrote:
Lol CMA might again stop release at the last moment. These guys know how to play Kengen. Meanwhile, Madame Rebecca is on a roll with bagging more African business.

KaunganaDoDo any comment


No Chance for Further delays. Unless there's a coup de etat


What is the expected date for release?

Still unknown


This is the week that the Lord has made that we may rejoice and be glad in it


Amen! There are many naysayers but we trust in the Lord to provide a fat dividend


Though I dont know if dividend decision will be made now since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.
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sparkly
#440 Posted : Monday, February 24, 2020 12:46:27 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
KaunganaDoDo wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
Extraterrestrial wrote:
Lol CMA might again stop release at the last moment. These guys know how to play Kengen. Meanwhile, Madame Rebecca is on a roll with bagging more African business.

KaunganaDoDo any comment


No Chance for Further delays. Unless there's a coup de etat


What is the expected date for release?

Still unknown


This is the week that the Lord has made that we may rejoice and be glad in it


Amen! There are many naysayers but we trust in the Lord to provide a fat dividend


Though I dont know if dividend decision will be made now since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.


Work of auditor is to confirm whether Accounts are "True and Fair". Dividend decisions are left to Directors.
Life is short. Live passionately.
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