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KENGEN 2021-2025
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mlennyma
#101 Posted : Thursday, December 08, 2022 11:48:18 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
My 2 cents wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
A disappointing dividend once again. Despite the 14bn in cash, shareholders will get a paltry 1.3bn. This can easily be funded with the interest income the company got from that 14bn cash they hold and the company hoards all the cash it generated from normal operations


One week later no update on book closure and AGM date


It is almost like they don't have the liquid cash to pay the dividend.

How does that big South African pension fund stomach holding shares in KenGen?. Our own NSSF sold KenGen before the decline started.


Same way the Kenyans that bought at IPO are stomaching.

Year 2006 - IPO price Kes 11.90 per share

Year 2022 - 16 years later current price 3.20 per share


The nse has killed many dreams,when i bought kenya power at 10bob i thought i had hit a jackpot,,now iam stuck for life
"Don't let the fear of losing be greater than the excitement of winning."
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My 2 cents
#102 Posted : Thursday, December 08, 2022 9:35:43 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
NSE will come back someday. If it does, I retire.
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Ericsson
#103 Posted : Friday, December 09, 2022 7:11:28 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
watesh wrote:
A disappointing dividend once again. Despite the 14bn in cash, shareholders will get a paltry 1.3bn. This can easily be funded with the interest income the company got from that 14bn cash they hold and the company hoards all the cash it generated from normal operations


One week later no update on book closure and AGM date


It is almost like they don't have the liquid cash to pay the dividend.

How does that big South African pension fund stomach holding shares in KenGen?. Our own NSSF sold KenGen before the decline started.


South Africa PIC is very wasteful compared to our NSSF.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Friday, December 09, 2022 7:28 AM | Reason: Not specified
kawi254
#104 Posted : Friday, December 16, 2022 7:09:59 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
A disappointing dividend once again. Despite the 14bn in cash, shareholders will get a paltry 1.3bn. This can easily be funded with the interest income the company got from that 14bn cash they hold and the company hoards all the cash it generated from normal operations


One week later no update on book closure and AGM date


It is almost like they don't have the liquid cash to pay the dividend.

How does that big South African pension fund stomach holding shares in KenGen?. Our own NSSF sold KenGen before the decline started.


South Africa PIC is very wasteful compared to our NSSF.


2 weeks later no update on book closure and AGM
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Receptor
#105 Posted : Sunday, December 18, 2022 4:35:01 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
Ericsson wrote:


South Africa PIC is very wasteful compared to our NSSF.


Kengen and KPLC remain primary cash cows for every government since independence.

The tales you have heard that the President casually calls the MD and order that a certain amount from Kengen or KPLC coffers be sent to Statehouse in cash are true.

The politicians eat your dividends and you the shareholder receive peanuts.

Lets get used to the idea that politicians eat part of the profits that these "cash cows" generate whenever we think of investing in companies like Kenya Re, KPLC, Kengen and others
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VituVingiSana
#106 Posted : Monday, December 19, 2022 12:24:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Receptor wrote:
Ericsson wrote:


South Africa PIC is very wasteful compared to our NSSF.


Kengen and KPLC remain primary cash cows for every government since independence.

The tales you have heard that the President casually calls the MD and order that a certain amount from Kengen or KPLC coffers be sent to Statehouse in cash are true.

The politicians eat your dividends and you the shareholder receive peanuts.

Lets get used to the idea that politicians eat part of the profits that these "cash cows" generate whenever we think of investing in companies like Kenya Re, KPLC, Kengen and others
Sad but 100% true. EPS is just for show.
I do not bother with PER or similar metrics for GoK firms.
Heck, just avoid them.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kawi254
#107 Posted : Wednesday, December 28, 2022 4:15:37 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?
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Ericsson
#108 Posted : Thursday, December 29, 2022 1:23:14 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?


The regulator is dead asleep.
The position for MD is in dispute/clash between WSR and Riggy G backyard people.
Riggy G backyard people believe the position is reserved for them while WSR say it's their time to occupy the seat.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#109 Posted : Saturday, December 31, 2022 3:06:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
kawi254 wrote:
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?


The regulator is dead asleep.
The position for MD is in dispute/clash between WSR and Riggy G backyard people.
Riggy G backyard people believe the position is reserved for them while WSR say it's their time to occupy the seat.

"It is our time to eat" - WSR's Pipo
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#110 Posted : Thursday, January 05, 2023 6:29:02 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?


AGM date 26 January 2023
Dividend book closure 26 January 2023
Dividend Payment date 30 March 2023
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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