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kengen full year profit up 3.3%
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Boris Boyka
#11 Posted : Friday, October 24, 2014 9:55:34 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Akenyan2014 wrote:
its2013 wrote:
MaichBlack wrote:
jerry wrote:
MaichBlack wrote:
littledove wrote:
littledove wrote:
kengen full year profit before tax up only 3.3 % to 4.2 b
af.reuters.com/article/kenyaNews/idAFL6N0SI4KN20141023

proposed the payment of a final dividend of 0.40 shillings, down from 0.60 last year.

Good news for me - in a way. I'm fully loaded up on Kenya Power and KenolKobil. My only remaining Energy stock to load up on [increase my stake] - as stated in a different thread a couple of weeks ago - is Kengen. The price started heading north when I was about to start buying and I didn't feel like chasing the stock! This might be my buying chance. Tomorrow I'll keep my antenna up waiting for disgruntled shareholders to click the sell button - stictly sub 10!

Too bad to wish the share to go down. It won't until "we" chew the dividends.

Either way, no problem. I will also be 'chewing' the dividends. I'm a shareholder. But this is a stock I'll have to increase my stake in - tomorrow or after books closure!

Also waiting for sub 10 here.


Who values the shareholder here?
KPLC showed poor performance the previous FY and denied shareholders DVDs. It delivered excellent performance this FY and decided to pay only 50 cts to shareholders some of whom bought it at 20bob worstcase.

KEGN last year when things were not that bad paid 60 cts DVD and when profits dipped this FY they cut that to 40 cts to shareholders, some who bought at 17.

Who has a more rewarding policy? Let the rights now come, we shall buy them

and it's actually heading downwards!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Gatheuzi
#12 Posted : Friday, October 24, 2014 9:56:07 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
10 bob is now eminent.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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  | | Edit by user: Friday, October 24, 2014 10:13 AM | Reason: Not specified
Akenyan2014
#13 Posted : Friday, October 24, 2014 10:16:10 AM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
Boris Boyka wrote:
Akenyan2014 wrote:
its2013 wrote:
MaichBlack wrote:
jerry wrote:
MaichBlack wrote:
littledove wrote:
littledove wrote:
kengen full year profit before tax up only 3.3 % to 4.2 b
af.reuters.com/article/kenyaNews/idAFL6N0SI4KN20141023

proposed the payment of a final dividend of 0.40 shillings, down from 0.60 last year.

Good news for me - in a way. I'm fully loaded up on Kenya Power and KenolKobil. My only remaining Energy stock to load up on [increase my stake] - as stated in a different thread a couple of weeks ago - is Kengen. The price started heading north when I was about to start buying and I didn't feel like chasing the stock! This might be my buying chance. Tomorrow I'll keep my antenna up waiting for disgruntled shareholders to click the sell button - stictly sub 10!

Too bad to wish the share to go down. It won't until "we" chew the dividends.

Either way, no problem. I will also be 'chewing' the dividends. I'm a shareholder. But this is a stock I'll have to increase my stake in - tomorrow or after books closure!

Also waiting for sub 10 here.


Who values the shareholder here?
KPLC showed poor performance the previous FY and denied shareholders DVDs. It delivered excellent performance this FY and decided to pay only 50 cts to shareholders some of whom bought it at 20bob worstcase.

KEGN last year when things were not that bad paid 60 cts DVD and when profits dipped this FY they cut that to 40 cts to shareholders, some who bought at 17.

Who has a more rewarding policy? Let the rights now come, we shall buy them

and it's actually heading downwards!


I have noted the stampede
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Goldilocks Reloaded
#14 Posted : Friday, October 24, 2014 10:37:21 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
Siuzi! This is my largest holding and I will take up all my rights and ask for excess.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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h2s
#15 Posted : Friday, October 24, 2014 11:01:37 AM
Rank: Member

Joined: 7/20/2012
Posts: 141
Revenue (Shs'000)

17,423, 771 (2014)

16,451,195 (2013)

Net cash generated by operating activities (Shs'000)

12,107, 020 (2014)

22,962,649 (2013)

Why the reduction in the cash generated but a slight increase in the revenue? Someone explain to us.

     
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Akenyan2014
#16 Posted : Friday, October 24, 2014 11:03:37 AM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
Goldilocks Reloaded wrote:
Siuzi! This is my largest holding and I will take up all my rights and ask for excess.


I averaged up yesterday hoping to ride to 15 only for the poor show to spoil the party. Assessing the possibility of accumulating more this laggard.
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mkonomtupu
#17 Posted : Friday, October 24, 2014 11:05:57 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Fundamental analysis: market valuation 25 billion revenues 18 billion PBT 4.2 B. My verdict Hold
Only 70MW of olkaria IV added in June and 25.6MW well head. The next results will reflect the remaining 210MW Olkaria and Ngong 20.4 MW ngong.

It would have a good play to catch the stampede only that the rights issue is so uncertain on what portion GoK is providing and how big the rights issue will be. Till then it's a casino-a gamble... every hand is a winner every hand is a loser
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mlennyma
#18 Posted : Friday, October 24, 2014 11:17:50 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Kengen projects are very capital intensive and it will service debts for a looong period,we should give them credit for servicing debt and affording a dividend this far,I can't touch it until dust has settled after rights
"Don't let the fear of losing be greater than the excitement of winning."
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subaru
#19 Posted : Friday, October 24, 2014 11:21:13 AM
Rank: Member

Joined: 3/15/2010
Posts: 391
Location: nairobie
Gatheuzi wrote:
10 bob is now eminent.

it seems it doesnt want to print my target is 9 bob
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Akenyan2014
#20 Posted : Friday, October 24, 2014 11:29:43 AM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
Mr. Market has a way of disciplining lazy and mean counters together with their shareholders lol!
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