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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: 6,183
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: 1,066
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: 10,684
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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kawi254
#104 Posted : Friday, December 16, 2022 7:09:59 PM
Rank: Member


Joined: 2/20/2015
Posts: 467
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: 18,103
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: 467
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: 10,684
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: 18,103
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: 10,684
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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Ericsson
#111 Posted : Saturday, January 07, 2023 6:45:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#112 Posted : Saturday, January 07, 2023 5:31:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Good for the country (& KenGen) if they can do so without corruption. That's a huge investment so the dividend will likely be constrained to maintain the Loan Covenants.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#113 Posted : Saturday, January 07, 2023 6:14:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Good for the country (& KenGen) if they can do so without corruption. That's a huge investment so the dividend will likely be constrained to maintain the Loan Covenants.

Yes
Currently their loan repayments average ksh.12bn per year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#114 Posted : Monday, January 09, 2023 9:31:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.standardmedi...uel-for-power-generation
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Receptor
#115 Posted : Monday, January 30, 2023 11:54:10 AM
Rank: Member


Joined: 7/1/2019
Posts: 119
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!
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sparkly
#116 Posted : Monday, January 30, 2023 12:29:11 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Receptor wrote:
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!


Kengen Board being reconstituted. Ni wakati was kugula
Life is short. Live passionately.
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Ericsson
#117 Posted : Wednesday, February 01, 2023 5:41:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
sparkly wrote:
Receptor wrote:
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!


Kengen Board being reconstituted. Ni wakati was kugula

Share price plunges to below ksh.3
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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littledove
#118 Posted : Monday, September 25, 2023 8:06:23 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-ordered-to-pay-gdc-sh3-9bn--4379306
Kenya Electricity Generating Company (KenGen) has suffered a blow after the High Court ruled that money in its various bank accounts is available for seizure to satisfy a Sh3.9 billion debt owed to Geothermal Development Company (GDC).

Justice Alfred Mabeya directed all banks in the country maintaining any accounts on behalf of KenGen should satisfy a decree of $26,687,017.

The court made the ruling after being informed that KenGen owes GDC some money derived from steam sales.

this ship is slowly sinkingSad
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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VituVingiSana
#119 Posted : Monday, September 25, 2023 11:58:20 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
littledove wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-ordered-to-pay-gdc-sh3-9bn--4379306
Kenya Electricity Generating Company (KenGen) has suffered a blow after the High Court ruled that money in its various bank accounts is available for seizure to satisfy a Sh3.9 billion debt owed to Geothermal Development Company (GDC).

Justice Alfred Mabeya directed all banks in the country maintaining any accounts on behalf of KenGen should satisfy a decree of $26,687,017.

The court made the ruling after being informed that KenGen owes GDC some money derived from steam sales.

this ship is slowly sinkingSad

GoK-controlled firms ni bandia
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kawi254
#120 Posted : Monday, October 23, 2023 11:51:17 AM
Rank: Member


Joined: 2/20/2015
Posts: 467
Location: Nairobi
Will full year results be out by 31st October 2023?

last few years excuses for delays been lack of Auditor General, hitches ..lack of CEO
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