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KENGEN 2021-2025
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obiero
#151 Posted : Thursday, March 28, 2024 10:49:55 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Kusadikika wrote:
Up another 10 percent to 2.42. Volume traded at 13:46 hours 29+ million. Someone big wants Kengen.

Shareholders on this stock have seen it all

KQ ABP 4.26
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Ericsson
#152 Posted : Friday, March 29, 2024 4:04:36 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
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


Kengen has capex projects to undertake and for them 80% profits as dividends not tenable
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#153 Posted : Friday, March 29, 2024 9:16:48 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Ericsson wrote:
kawi254 wrote:
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


Kengen has capex projects to undertake and for them 80% profits as dividends not tenable
Do politicians (GoK) care?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#154 Posted : Thursday, April 04, 2024 8:01:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
kawi254 wrote:
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


Kengen has capex projects to undertake and for them 80% profits as dividends not tenable
Do politicians (GoK) care?


Plus loans to repay.
Kengen remitting 80% of profits is a pipe dream.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#155 Posted : Saturday, April 20, 2024 8:22:13 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...-as-dams-spill--4594038

Does it mean they will have a good H2.
H1 they had a significant drop in profits
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#156 Posted : Monday, April 22, 2024 12:33:40 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/markets/commodities/production-of-cheaper-hydropower-hits-2-year-high-as-dams-spill--4594038

Does it mean they will have a good H2.
H1 they had a significant drop in profits


Article mentions 290.48 GWh in 03/2024 which is low compared to years when Masinga dam spills over where between April - September an average of 400 Gwh is generated from Hydro per month. We watch for April - September generation figures hoping that the 'take or pay' LTWP or Ethiopia power import are not given priority over Kengen's Hydro.

April,May & June in my opinion won't rescue H2. We have had good rains since El Nino rains of November 2023 and the Hydro production has been maintained low.
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watesh
#157 Posted : Thursday, May 02, 2024 11:22:17 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
kawi254 wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/markets/commodities/production-of-cheaper-hydropower-hits-2-year-high-as-dams-spill--4594038

Does it mean they will have a good H2.
H1 they had a significant drop in profits


Article mentions 290.48 GWh in 03/2024 which is low compared to years when Masinga dam spills over where between April - September an average of 400 Gwh is generated from Hydro per month. We watch for April - September generation figures hoping that the 'take or pay' LTWP or Ethiopia power import are not given priority over Kengen's Hydro.

April,May & June in my opinion won't rescue H2. We have had good rains since El Nino rains of November 2023 and the Hydro production has been maintained low.




I think that 'Take or Pay' for LTWP and Kipeto will sadly be first on the lineup until they reach the must-run threshold (they don't have capacity charges). Geothermal though will likely be displaced by hydro at night and periods of low demand during daytime since full dams have to just run at full capacity otherwise the water will just spill over instead. Ethiopia imports will just show up during peak demand periods. Thermals will be location specific eg Coast region and northern Kenya. After the rains are over, hydros will go back to being used as peaker plants and geothermal will be back on full-blast as baseload. Either way, Kengen makes more of its money from the capacity charges of all its power plants rather than unit sales. Hydro unit sales may cannibalize geothermal unit sales at night.

Another hydro challenge is transmission in the Western side of Kenya. Ever since the massive solar plants (Alten, Selenkei,Cedate) came on, the lines have been running at capacity hence evacuating Turkwel hydro power and solar farms at the same time has been a challenge. Unless that has been fixed, Turkwel isn't run at optimum capacity.
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Ericsson
#158 Posted : Tuesday, May 07, 2024 1:14:59 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kengen is unlikely to benefit much from the on-going rainfall which has filled it's dams due to reduced demand for example lack of tourists in Coast due to the harsh weather
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kediveKed
#159 Posted : Thursday, May 09, 2024 9:17:43 AM
Rank: New-farer

Joined: 3/28/2016
Posts: 37
Location: nairobi
Ericsson wrote:
Kengen is unlikely to benefit much from the on-going rainfall which has filled it's dams due to reduced demand for example lack of tourists in Coast due to the harsh weather


That's why these guys need to invest in Battery Storage. I was in parliament last year begging the MPs to provide tax incentives for investments in battery storage (for wind and solar) however, it appears that it coould have much wider application than what i had intially thought.

There is a very interesting article on NYT on how battery storage in California has the capacity of 16,000 megawatts and was able to produce about a fifth of the total energy required by the state in month of April (from 10th April to 30 April).

This is the article for any one interestered: https://www.nytimes.com/...r-california-texas.html
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Kusadikika
#160 Posted : Wednesday, October 30, 2024 9:48:38 AM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
Anybody know why the Kengen dividend has no book closure and payment dates? It's all subject to approval according to the notice on the NSE website.

Anything to do with not having a chairman of the board? One was just appointed a few days ago ama kuna mambo ingine?
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