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obiero
#21 Posted : Friday, July 11, 2025 5:46:00 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,783
Location: nairobi
VituVingiSana wrote:
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
VituVingiSana wrote:
My 2 cents wrote:
xtina wrote:
[quote=My 2 cents]It is the mwanainchi's fault if they sell out of their allocations. I suspect many Kenyans bought Safaricom at IPO and sold out later when it went sub 5. We have a second opportunity to load up now that international investors are dumping, but how many Kenyans are taking advantage of this rare opportunity?


Very few are taking advantage but honestly speaking, NSE is just not a priority for a majority of Kenyans. In the past two years, I have tried to bring up story ya shares and everyone looks at me funny Laughing out loudly I realized I sound very out-of-touch and elitist because everyone else is more concerned with fuel and unga ya 200 bob.


Majority Kenyans prefer to invest in land and sacco shares.

Several Kenyans also got burned with the shenanigans of brokers years past. Those folks will never return to the NSE. It will take a new generation with no hang ups about the NSE to revive interest in the bourse.

Meanwhile anyone with the balls of steel needed to buy and hold this market over a long period will eventually make out like a bandit. Valuations are ridiculously cheap.

Some firms' have DYs that are similar to bonds!

Let's say you get (net) 9% DY (for a good firm) vs (net) 12% (Interest for a 5-year T-Bond) then the difference is only 3% which is 17% (compounded) over 5 years.

There is a good chance that the firm to grow its EPS and DPS which does not happen with Bonds.

The valuations (PER) could also increase giving an investor a much better Total Return by 2027.

KPC to list on the NSE in next 111 days



Uwongo

Stop embarrassing yourself https://youtu.be/C5owVRFx2UM?si=FwLVXTRVvV8u3eLI[/quote]
110 days left.
Let's look at it on 1 August then 1 September then 1 October and so on

High court says KPC should pay River Thange victims 3.8bn
@obiero How many days left? Laughing out loudly Laughing out loudly Laughing out loudly

Hehe. Don't jinx it mzee @vvs. You might remind the courts of the KES 25B claim around the Mukuru-Sinai tragedy

COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Much Know
#22 Posted : Saturday, July 12, 2025 8:21:06 PM
Rank: Elder


Joined: 12/6/2008
Posts: 3,554
Please support us (me) for technopolis development authority chairman Pray We will SPARK all the way to wall street kwa jina la Yesu Pray
Meru Holiness
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littledove
#23 Posted : Wednesday, August 06, 2025 4:49:18 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 923
Location: sky
https://ntvkenya.co.ke/news/treasury-to-raise-sh100-billion-from-selling-kenya-pipeline/?utm_source=twitter&utm_medium=NTV+Socials
The National Treasury expects to raise approximately Sh100 billion from the privatisation of the Kenya Pipeline Company (KPC) shares through an initial public offering at the Nairobi Securities Exchange.

The Treasury says the proceeds from the KPC sale will be used to fund priority public services and infrastructure.

A Sessional Paper on the Privatisation of Kenya Pipeline Company through an Initial Public Offering (IPO), tabled in the National Assembly, shows that the proceeds of the sale will enable the government to raise funds budgeted for in 2025/26, to implement economic and social objectives.
........................
“The company is wholly owned by the government of Kenya, with 99.9 percent shareholding held by the National Treasury and about 0.1 percent by the Ministry of Energy and Petroleum.”

The KPC maintains an extensive pipeline network spanning 1,342 kilometres, and in the financial year 2023/24, reported Sh35.4 billion in revenue and a Profit After Tax of Sh6.9 billion, contributing dividends to the National Treasury.
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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stocksmaster
#24 Posted : Wednesday, August 06, 2025 6:33:15 PM
Rank: Member


Joined: 9/26/2006
Posts: 443
Location: CENTRAL PROVINCE
littledove wrote:
https://ntvkenya.co.ke/news/treasury-to-raise-sh100-billion-from-selling-kenya-pipeline/?utm_source=twitter&utm_medium=NTV+Socials
The National Treasury expects to raise approximately Sh100 billion from the privatisation of the Kenya Pipeline Company (KPC) shares through an initial public offering at the Nairobi Securities Exchange.

The Treasury says the proceeds from the KPC sale will be used to fund priority public services and infrastructure.

A Sessional Paper on the Privatisation of Kenya Pipeline Company through an Initial Public Offering (IPO), tabled in the National Assembly, shows that the proceeds of the sale will enable the government to raise funds budgeted for in 2025/26, to implement economic and social objectives.
........................
“The company is wholly owned by the government of Kenya, with 99.9 percent shareholding held by the National Treasury and about 0.1 percent by the Ministry of Energy and Petroleum.”

The KPC maintains an extensive pipeline network spanning 1,342 kilometres, and in the financial year 2023/24, reported Sh35.4 billion in revenue and a Profit After Tax of Sh6.9 billion, contributing dividends to the National Treasury.


The maths is not adding up. Let's do some quick calculations:
What we know is that the GoK will list 65% of KPC shares. The net profit for 2024 for KPC was Ksh 6.9bn. If we apportion 65% of this net profit to the public shares to be sold, that adds up to about 4.5bn. If the target is truly to raise 100bn from the 65% stake, that means the IPO share price will be at a P/E of over 22! (Price of 100bn/Attributable net profit of 4.5bn).
KenGen for comparison is trading at a trailing P/E of below 7 making the potential KPC IPO offer share price three times more expensive. If the KPC offer is to be sold at same market metrics as Kengen (Price per earnings of about 7), then the realistic cash to be generated for a 65% sale of KPC based on an annual net profit of about Ksh 7Bn would be 1/3rd of that 100bn....about Ksh 30-33bn.

Happy Hunting
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McGill
#25 Posted : Thursday, August 07, 2025 8:43:36 AM
Rank: New-farer


Joined: 8/1/2019
Posts: 97
stocksmaster wrote:
littledove wrote:
https://ntvkenya.co.ke/news/treasury-to-raise-sh100-billion-from-selling-kenya-pipeline/?utm_source=twitter&utm_medium=NTV+Socials
The National Treasury expects to raise approximately Sh100 billion from the privatisation of the Kenya Pipeline Company (KPC) shares through an initial public offering at the Nairobi Securities Exchange.

The Treasury says the proceeds from the KPC sale will be used to fund priority public services and infrastructure.

A Sessional Paper on the Privatisation of Kenya Pipeline Company through an Initial Public Offering (IPO), tabled in the National Assembly, shows that the proceeds of the sale will enable the government to raise funds budgeted for in 2025/26, to implement economic and social objectives.
........................
“The company is wholly owned by the government of Kenya, with 99.9 percent shareholding held by the National Treasury and about 0.1 percent by the Ministry of Energy and Petroleum.”

The KPC maintains an extensive pipeline network spanning 1,342 kilometres, and in the financial year 2023/24, reported Sh35.4 billion in revenue and a Profit After Tax of Sh6.9 billion, contributing dividends to the National Treasury.


The maths is not adding up. Let's do some quick calculations:
What we know is that the GoK will list 65% of KPC shares. The net profit for 2024 for KPC was Ksh 6.9bn. If we apportion 65% of this net profit to the public shares to be sold, that adds up to about 4.5bn. If the target is truly to raise 100bn from the 65% stake, that means the IPO share price will be at a P/E of over 22! (Price of 100bn/Attributable net profit of 4.5bn).
KenGen for comparison is trading at a trailing P/E of below 7 making the potential KPC IPO offer share price three times more expensive. If the KPC offer is to be sold at same market metrics as Kengen (Price per earnings of about 7), then the realistic cash to be generated for a 65% sale of KPC based on an annual net profit of about Ksh 7Bn would be 1/3rd of that 100bn....about Ksh 30-33bn.

Happy Hunting


It looks like they want to get as much money as possible and are likely to overprice the offer by a lot.
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stocksmaster
#26 Posted : Thursday, August 07, 2025 1:58:06 PM
Rank: Member


Joined: 9/26/2006
Posts: 443
Location: CENTRAL PROVINCE
McGill wrote:
stocksmaster wrote:
littledove wrote:
https://ntvkenya.co.ke/news/treasury-to-raise-sh100-billion-from-selling-kenya-pipeline/?utm_source=twitter&utm_medium=NTV+Socials
The National Treasury expects to raise approximately Sh100 billion from the privatisation of the Kenya Pipeline Company (KPC) shares through an initial public offering at the Nairobi Securities Exchange.

The Treasury says the proceeds from the KPC sale will be used to fund priority public services and infrastructure.

A Sessional Paper on the Privatisation of Kenya Pipeline Company through an Initial Public Offering (IPO), tabled in the National Assembly, shows that the proceeds of the sale will enable the government to raise funds budgeted for in 2025/26, to implement economic and social objectives.
........................
“The company is wholly owned by the government of Kenya, with 99.9 percent shareholding held by the National Treasury and about 0.1 percent by the Ministry of Energy and Petroleum.”

The KPC maintains an extensive pipeline network spanning 1,342 kilometres, and in the financial year 2023/24, reported Sh35.4 billion in revenue and a Profit After Tax of Sh6.9 billion, contributing dividends to the National Treasury.


The maths is not adding up. Let's do some quick calculations:
What we know is that the GoK will list 65% of KPC shares. The net profit for 2024 for KPC was Ksh 6.9bn. If we apportion 65% of this net profit to the public shares to be sold, that adds up to about 4.5bn. If the target is truly to raise 100bn from the 65% stake, that means the IPO share price will be at a P/E of over 22! (Price of 100bn/Attributable net profit of 4.5bn).
KenGen for comparison is trading at a trailing P/E of below 7 making the potential KPC IPO offer share price three times more expensive. If the KPC offer is to be sold at same market metrics as Kengen (Price per earnings of about 7), then the realistic cash to be generated for a 65% sale of KPC based on an annual net profit of about Ksh 7Bn would be 1/3rd of that 100bn....about Ksh 30-33bn.

Happy Hunting


It looks like they want to get as much money as possible and are likely to overprice the offer by a lot.


Even from a net asset value of Ksh 120bn, a 65% listing means assets being listed are about 78bn hence a Price to Book Ratio of 1.28 (100bn/78bn)....Kengen and KPLC are trading at P/B Ratios of 0.2 making the offer more than six times more expensive from an asset perspective if the target of 100bn to be generated is maintained.

Happy Hunting
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