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KENGEN 2021-2025
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Ericsson
#141 Posted : Wednesday, November 15, 2023 2:55:17 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
stocksmaster wrote:
VituVingiSana wrote:
stocksmaster wrote:
HaMaina wrote:
obiero wrote:
Ericsson wrote:
[quote=kawi254]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


This time they have no excuse.
They don't need to wait till last minute, results should be out by now.
Though nothing good expected with the depressed hydrology.

Reasonable results


KenGen Dividends @ Ksh 0.30, which is more than 10% of the current price. This I think is not a bad buy.


Only reasonable 'buy' now is any stock that has a dividend yield that equals the 6.5 years IFB (at around 16%).....and remember that entire dividend yield will be factored in the current price such that as the stock goes ex-dividend with books closure, the price retracts at least with the equivalence of the dividend (e.g once Kengen closes books, you can be assured the price will drop by at least Ksh 0.3 and may not recover until next dividend announcement which maybe lower with the current economic environment).

Happy Hunting
Any stocks that meet this DY?



Agriculturals (except those in Macadamia business).....they will rake in crazy returns based on the favorable rains and huge depreciation of the Ksh.


Let's start with 18% for the IFB!

WTK paid 30 and the current price is 200 so it is in the ballpark.
KTC paid 20 and the current price is 220 which is 9% [1/2 of the IFB]

Do note that tea prices are -25% YOY as lots of rain has increased production AND some of our buyers are broke. Egypt has no $ and asked to barter for tea. Pakistan has had financial drama for a while.

https://english.ahram.or...-tea-supplies-amid.aspx[/quote]

We should look for china to buy our tea.
We need to add value for what the world wants. I think firms like WTK are responsive to what their customers need or want.

I do not know if China imports tea but it would be great to break into that market.


they do import tea.

https://www.the-star.co....e-market-for-kenyan-tea/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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stocksmaster
#142 Posted : Monday, November 20, 2023 4:54:33 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
Ericsson wrote:
VituVingiSana wrote:
stocksmaster wrote:
VituVingiSana wrote:
stocksmaster wrote:
HaMaina wrote:
obiero wrote:
Ericsson wrote:
[quote=kawi254]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


This time they have no excuse.
They don't need to wait till last minute, results should be out by now.
Though nothing good expected with the depressed hydrology.

Reasonable results


KenGen Dividends @ Ksh 0.30, which is more than 10% of the current price. This I think is not a bad buy.


Only reasonable 'buy' now is any stock that has a dividend yield that equals the 6.5 years IFB (at around 16%).....and remember that entire dividend yield will be factored in the current price such that as the stock goes ex-dividend with books closure, the price retracts at least with the equivalence of the dividend (e.g once Kengen closes books, you can be assured the price will drop by at least Ksh 0.3 and may not recover until next dividend announcement which maybe lower with the current economic environment).

Happy Hunting
Any stocks that meet this DY?



Agriculturals (except those in Macadamia business).....they will rake in crazy returns based on the favorable rains and huge depreciation of the Ksh.


Let's start with 18% for the IFB!

WTK paid 30 and the current price is 200 so it is in the ballpark.
KTC paid 20 and the current price is 220 which is 9% [1/2 of the IFB]

Do note that tea prices are -25% YOY as lots of rain has increased production AND some of our buyers are broke. Egypt has no $ and asked to barter for tea. Pakistan has had financial drama for a while.

https://english.ahram.or...-tea-supplies-amid.aspx[/quote]

We should look for china to buy our tea.


WTK and Kapchorua Half Year Results registered almost a doubling of PAT.....This was sweetened by an interim dividend of Ksh 10.

Happy Hunting
x handle: @stocksmaster79
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VituVingiSana
#143 Posted : Tuesday, November 21, 2023 10:09:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
stocksmaster wrote:
Ericsson wrote:
VituVingiSana wrote:
stocksmaster wrote:
VituVingiSana wrote:
stocksmaster wrote:
HaMaina wrote:
obiero wrote:
Ericsson wrote:
[quote=kawi254]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


This time they have no excuse.
They don't need to wait till last minute, results should be out by now.
Though nothing good expected with the depressed hydrology.

Reasonable results


KenGen Dividends @ Ksh 0.30, which is more than 10% of the current price. This I think is not a bad buy.


Only reasonable 'buy' now is any stock that has a dividend yield that equals the 6.5 years IFB (at around 16%).....and remember that entire dividend yield will be factored in the current price such that as the stock goes ex-dividend with books closure, the price retracts at least with the equivalence of the dividend (e.g once Kengen closes books, you can be assured the price will drop by at least Ksh 0.3 and may not recover until next dividend announcement which maybe lower with the current economic environment).

Happy Hunting
Any stocks that meet this DY?



Agriculturals (except those in Macadamia business).....they will rake in crazy returns based on the favorable rains and huge depreciation of the Ksh.


Let's start with 18% for the IFB!

WTK paid 30 and the current price is 200 so it is in the ballpark.
KTC paid 20 and the current price is 220 which is 9% [1/2 of the IFB]

Do note that tea prices are -25% YOY as lots of rain has increased production AND some of our buyers are broke. Egypt has no $ and asked to barter for tea. Pakistan has had financial drama for a while.

https://english.ahram.or...-tea-supplies-amid.aspx[/quote]

We should look for china to buy our tea.


WTK and Kapchorua Half Year Results registered almost a doubling of PAT.....This was sweetened by an interim dividend of Ksh 10.

Happy Hunting
As a long term shareholder I am very happy with the interim DPS and PAT Applause

I have received way more in dividends (over the past 10 years) for these two than I paid for them. smile

I cannot say that for most of the my holdings.

I expect another 20/- as a Final Dividend if the tea prices hold up [but they are down 25% YoY] and KES remains weak.

BUT this is a KenGen thread!

KES/USD will likely hurt KenGen if there are large USD loans out there.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#144 Posted : Tuesday, March 26, 2024 11:11:34 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Sad Sad These big buyers always come and mess things up, Why can't they just buy without shaking up everything ?
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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wukan
#145 Posted : Tuesday, March 26, 2024 11:19:08 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
HaMaina wrote:
Sad Sad These big buyers always come and mess things up, Why can't they just buy without shaking up everything ?


This bus has just left the station next stop 6 bob
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Kusadikika
#146 Posted : Tuesday, March 26, 2024 12:45:00 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
HaMaina wrote:
Sad Sad These big buyers always come and mess things up, Why can't they just buy without shaking up everything ?


It was too cheap to ignore.
P/E - 2.63
Dividend yield 15 percent

An MD who is finally talking business and shareholder return. 45 percent of net profit to be paid as dividends and a target to grow net profit to 10 billion shillings within 2 years. Hata kama ni wewe ungefanya nini when you have 100 million lying around? That 10 percent price jump is nothing.

For those who don't know yet. Right now at 12:56 pm Kengen volume is 48+ million and price has jumped 10 percent to 2.20.
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Kusadikika
#147 Posted : Tuesday, March 26, 2024 12:53:45 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
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kawi254
#148 Posted : Tuesday, March 26, 2024 12:59:01 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Kusadikika wrote:
HaMaina wrote:
Sad Sad These big buyers always come and mess things up, Why can't they just buy without shaking up everything ?


It was too cheap to ignore.
P/E - 2.63
Dividend yield 15 percent

An MD who is finally talking business and shareholder return. 45 percent of net profit to be paid as dividends and a target to grow net profit to 10 billion shillings within 2 years. Hata kama ni wewe ungefanya nini when you have 100 million lying around? That 10 percent price jump is nothing.

For those who don't know yet. Right now at 12:56 pm Kengen volume is 48+ million and price has jumped 10 percent to 2.20.


Now President says companies like Kengen must remit 80% of profits to Goverment - i don't support such statement as it will be end of KenGen but it could mean Kengen shareholders dividend will be x3?.

Not that anything this GoK says is ever done.

https://twitter.com/Oliv...tus/1772538310595916209
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HaMaina
#149 Posted : Tuesday, March 26, 2024 1:33:52 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Kusadikika wrote:
HaMaina wrote:
Sad Sad These big buyers always come and mess things up, Why can't they just buy without shaking up everything ?


It was too cheap to ignore.
P/E - 2.63
Dividend yield 15 percent

An MD who is finally talking business and shareholder return. 45 percent of net profit to be paid as dividends and a target to grow net profit to 10 billion shillings within 2 years. Hata kama ni wewe ungefanya nini when you have 100 million lying around? That 10 percent price jump is nothing.

For those who don't know yet. Right now at 12:56 pm Kengen volume is 48+ million and price has jumped 10 percent to 2.20.


Its been at 1.97-2.00Ksh since October2023.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Kusadikika
#150 Posted : Thursday, March 28, 2024 1:34:44 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
Up another 10 percent to 2.42. Volume traded at 13:46 hours 29+ million. Someone big wants Kengen.
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