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Kengen HY 2015 results PAT up 400%

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Ericsson		#21 Posted : Thursday, February 26, 2015 4:09:13 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,703 Location: NAIROBI		@mlennyma 6 bob will never materialize even in wildest dreams. @mazingira Rights issue will most probably be oversubscribed. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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guru267		#22 Posted : Thursday, February 26, 2015 4:13:40 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mlennyma wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% is it true or they are beating the drums and blowing whistles for a successful rights? Look at the numbers please... Guess work is for fish markets! Mark 12:29 Deuteronomy 4:16
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mlennyma		#23 Posted : Thursday, February 26, 2015 4:14:19 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi		Ericsson wrote: @mlennyma 6 bob will never materialize even in wildest dreams. @mazingira Rights issue will most probably be oversubscribed. iam banking on our dirty politics and some election chaos "Don't let the fear of losing be greater than the excitement of winning."
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mlennyma		#24 Posted : Thursday, February 26, 2015 4:17:08 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi		guru267 wrote: mlennyma wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% is it true or they are beating the drums and blowing whistles for a successful rights? Look at the numbers please... Guess work is for fish markets! I wrote this before confirmed sources "Don't let the fear of losing be greater than the excitement of winning."
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mazingira		#25 Posted : Thursday, February 26, 2015 4:31:54 PM
Rank: Member Joined: 10/26/2012 Posts: 136		guru267 wrote: mlennyma wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% is it true or they are beating the drums and blowing whistles for a successful rights? Look at the numbers please... Guess work is for fish markets! Guru the numbers are fantastic , no guess work just hypothetical situations play out scenarios and best case kengen worth 25/- by 2017 then jitters of election a drop. Citing the astronomical PAT this yr this is very difficult to sustain such growth but they should maintain a relatively decent growth. or at least just play par. Worst case scenario a drop but of how much 50% youre still above water . I know some bought in at sub 10 shillings a dividend as suggested is a very decent R.O.I and if the stock value grows its all positive I personally hope 2017 is a silent election with no noise if that is true then bumper harvest on the nse
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mthaka		#26 Posted : Thursday, February 26, 2015 4:45:58 PM
Rank: Member Joined: 9/30/2013 Posts: 254		Pesa Nane wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% The Board of Directors do not recommend payment of an interim dividend. They should 'grease us' so that we ensure a successful rights. as shareholders we can DEMAND for some dividend or make sure we get a shilling so that we can take up the rights.But is it 15B or 50 B?
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mthaka		#27 Posted : Thursday, February 26, 2015 4:47:54 PM
Rank: Member Joined: 9/30/2013 Posts: 254		The Board of Directors do not recommend payment of an interim dividend. They should 'grease us' so that we ensure a successful rights. [/quote] as shareholders we can DEMAND for some dividend or make sure we get a shilling so that we can take up the rights.But is it 15B or 50 B?
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mlennyma		#28 Posted : Thursday, February 26, 2015 4:53:31 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi		mthaka wrote: The Board of Directors do not recommend payment of an interim dividend. They should 'grease us' so that we ensure a successful rights. as shareholders we can DEMAND for some dividend or make sure we get a shilling so that we can take up the rights.But is it 15B or 50 B?[/quote] 15 "Don't let the fear of losing be greater than the excitement of winning."
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obiero		#29 Posted : Thursday, February 26, 2015 4:59:18 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi		only real intelligent investors are on this bus COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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guru267		#30 Posted : Thursday, February 26, 2015 5:06:48 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		shocks wrote: guru267 wrote: Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity what caused the tax credit? The tax credit was from the commissioning of the 280MW plant! Setting up plants in rural areas is worth big bucks Mark 12:29 Deuteronomy 4:16
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Mart_Consult		#31 Posted : Thursday, February 26, 2015 5:13:28 PM
Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya		Pesa Nane wrote: mlennyma wrote: Pesa Nane wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% The Board of Directors do not recommend payment of an interim dividend. They should 'grease us' so that we ensure a successful rights. why pay and beg at the same time? The law of laundry at the NSE is Excellent results followed by Over subscribed rights (or Bond) and closely followed by a Profit Warning. Very true... I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Akenyan2014		#32 Posted : Thursday, February 26, 2015 5:25:28 PM
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya		mlennyma wrote: Pesa Nane wrote: mlennyma wrote: Pesa Nane wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% The Board of Directors do not recommend payment of an interim dividend. They should 'grease us' so that we ensure a successful rights. why pay and beg at the same time? The law of laundry at the NSE is Excellent results followed by Over subscribed rights (or Bond) and closely followed by a Profit Warning. its always good to create a gradual sustainable profit growth for a couple of successive years, with this percentages,dont you smell a profit warning? Kwani what did you expect, Kengen to commission a new power plant and sales to rise gradually? Call a spade a spade, good results are GOOD RESULTS !!
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Ericsson		#33 Posted : Thursday, February 26, 2015 8:17:18 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,703 Location: NAIROBI		From the notes on the financial performance;the company is on gear to implement other Horizon II projects which include 350mw of geothermal projects comprising; 70MW Olkaria I Unit 6 140MW Olkaria V 140MW Olkaria VI From the news they have been sharing Kengen is short by 8.2bn for funding of Olkaria I unit 6.This money they will get from borrowing and most likely JICA will give them the money. The ksh.50bn rights issue money will be for implementing 140MW Olkaria V and 140MW Olkaria VI and the remaining balance for the project will be borrowing. This company is doing an excellent job in the way they plan and manage their finances Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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shocks		#34 Posted : Thursday, February 26, 2015 8:32:17 PM
Rank: Member Joined: 3/15/2009 Posts: 360		guru267 wrote: shocks wrote: guru267 wrote: Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity what caused the tax credit? The tax credit was from the commissioning of the 280MW plant! Setting up plants in rural areas is worth big bucks What % of the capital outlay do companies get as credit?
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mkonomtupu		#35 Posted : Thursday, February 26, 2015 8:39:12 PM
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road		Ericsson wrote: From the notes on the financial performance;the company is on gear to implement other Horizon II projects which include 350mw of geothermal projects comprising; 70MW Olkaria I Unit 6 140MW Olkaria V 140MW Olkaria VI From the news they have been sharing Kengen is short by 8.2bn for funding of Olkaria I unit 6.This money they will get from borrowing and most likely JICA will give them the money. The ksh.50bn rights issue money will be for implementing 140MW Olkaria V and 140MW Olkaria VI and the remaining balance for the project will be borrowing. This company is doing an excellent job in the way they plan and manage their finances The good to great transformation. when you consider the other 140MW came in December there is much room for revenue growth in the full year results.
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Pesa Nane		#36 Posted : Thursday, February 26, 2015 8:56:38 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		D&B Commentary: Quote: Our view  We expect further increase in revenue for the second half of 2015 due to capacity and electricity revenue growth as a result of increased energy sales.  With increased urbanization and industrial growth, demand for electricity is stable guaranteeing long-term revenue earning capacity for the company.  Plans to export electricity to Uganda and Rwanda in order to meet the power deficit in the region creates new markets for the electricity generated in Kenya. Key Risks  Increased debt ratios with the company’s plans to borrow more in order to facilitate the implementation of 350MW geothermal projects and 100MW wind projects. However, the rights issue will cushion further deterioration of the debt levels.  Forex market risks as the dollar strengthens increasing interest payments on loans from external financiers. Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana		#37 Posted : Thursday, February 26, 2015 9:21:50 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi		Pesa Nane wrote: mlennyma wrote: Pesa Nane wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% The Board of Directors do not recommend payment of an interim dividend. They should 'grease us' so that we ensure a successful rights. why pay and beg at the same time? The law of laundry at the NSE is Excellent results followed by Over subscribed rights (or Bond) and closely followed by a Profit Warning. True! Except for DTB or most banks... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Gatheuzi		#38 Posted : Friday, February 27, 2015 7:29:01 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		mthaka wrote: Pesa Nane wrote: Goldilocks Reloaded wrote: Revenue: +36% PBT: +206% PAT: +484% EPS: +486% The Board of Directors do not recommend payment of an interim dividend. They should 'grease us' so that we ensure a successful rights. as shareholders we can DEMAND for some dividend or make sure we get a shilling so that we can take up the rights.But is it 15B or 50 B? Dividends can only be paid with cash and not from profits. As at 31st Dec, they were 3.4B in the red. No cash here to afford an interim dividend. Refer to the cashflow statement. 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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muganda		#39 Posted : Friday, February 27, 2015 9:51:27 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,905		guru267 wrote: Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity Installed capacity up 28% Units sold up 9% Electricity revenue up 37%
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HaMaina		#40 Posted : Friday, February 27, 2015 10:19:59 AM
Rank: Veteran Joined: 4/23/2014 Posts: 913		muganda wrote: guru267 wrote: Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity Installed capacity up 28% Units sold up 9% Electricity revenue up 37% Is the volume & price spike legit ( at the moment ), or is it a case of eager sheep being readied for slaughter ? “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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