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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
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guru267
#191 Posted : Wednesday, March 04, 2015 6:40:23 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
@guru267
6.6bn at 7.60 I highly doubt;
KENGEN is looking at scaling down the number of shares to be issued to reduce the dilution and therefore price of the share post rights issue


Who told you this? sounds like gossip to me..
Mark 12:29
Deuteronomy 4:16
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guru267
#192 Posted : Wednesday, March 04, 2015 6:43:07 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
lochaz-index wrote:
VituVingiSana wrote:
lochaz-index wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.


Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man?
Kenyatta Family?


@VVS speculating or privy to some info?
Laughing out loudly Laughing out loudly Laughing out loudly Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top!


Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs?
Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion.


True. Debt will do the heavy lifting but approximately what % of the total capital requirements is to be funded through equity... 100b? Even going by the 50b that is being bandied around it is still a tall order for any of our private developers.


They wish to maintain a maximum debt to equity of 300%
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#193 Posted : Wednesday, March 04, 2015 8:31:36 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@lochaz. have u considered on the other side someone could be selling to avoid massive dilution, maybe buy back lower
The investor's chief problem - and even his worst enemy - is likely to be himself
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lochaz-index
#194 Posted : Wednesday, March 04, 2015 8:32:36 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
guru267 wrote:
lochaz-index wrote:
VituVingiSana wrote:
lochaz-index wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.


Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man?
Kenyatta Family?


@VVS speculating or privy to some info?
Laughing out loudly Laughing out loudly Laughing out loudly Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top!


Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs?
Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion.


True. Debt will do the heavy lifting but approximately what % of the total capital requirements is to be funded through equity... 100b? Even going by the 50b that is being bandied around it is still a tall order for any of our private developers.


They wish to maintain a maximum debt to equity of 300%


Working with the ceiling of 300% that would amount to an equity contribution of about 182b... quite a sum.
The main purpose of the stock market is to make fools of as many people as possible.
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Akenyan2014
#195 Posted : Wednesday, March 04, 2015 9:15:48 AM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
lochaz-index wrote:
guru267 wrote:
lochaz-index wrote:
VituVingiSana wrote:
lochaz-index wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
@sparkly
Nothing like a strategic investor from overseas.
Kenyans can become the strategic investors.For how long will we go to the west to come and solve problems which we can sort ourselves.
But anyway that is the condition of the African mind.


Kengen is already the biggest power producer in Kenya. Who would qualify to be the strategic investor... Kirubi, Merali, Transcentury, Total man?
Kenyatta Family?


@VVS speculating or privy to some info?
Laughing out loudly Laughing out loudly Laughing out loudly Not at all. I was just adding a name to your list of local financial super-heavyweights with connections to the top!


Now, which of those local heavyweights (feel free to add any other) has the capacity to pump about 729b into this thing in a period of 3yrs?
Utilities often take on a lot of debt since their repayments are often 'guaranteed' since they provide an essential inelastic demand product. Therefore, they do not need the 729bn in Equity but just a portion.


True. Debt will do the heavy lifting but approximately what % of the total capital requirements is to be funded through equity... 100b? Even going by the 50b that is being bandied around it is still a tall order for any of our private developers.


They wish to maintain a maximum debt to equity of 300%


Working with the ceiling of 300% that would amount to an equity contribution of about 182b... quite a sum.


When UK read out the 1T budget for the first time who though that KRA could raise anything close to that?
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sorovi
#196 Posted : Friday, March 06, 2015 2:00:59 PM
Rank: Member

Joined: 8/3/2007
Posts: 146
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Ericsson
#197 Posted : Friday, March 06, 2015 2:27:54 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
No wonder the price is falling today.
Let it continue coming down and down
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#198 Posted : Friday, March 06, 2015 7:25:05 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
sorovi wrote:
Rights postponed to August from June


why can't they get approval then tell us there's a rights issue! its 2 years down the line, since it was first announced .
The investor's chief problem - and even his worst enemy - is likely to be himself
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1masha
#199 Posted : Saturday, March 07, 2015 1:29:16 PM
Rank: New-farer

Joined: 2/28/2014
Posts: 42
Aguytrying wrote:
sorovi wrote:
Rights postponed to August from June


why can't they get approval then tell us there's a rights issue! its 2 years down the line, since it was first announced .

These postponements and resulting share price swings are very welcome to us traders
Good judgement is often the result of experience. Experience is often the result of bad judgement - Mark Twain.
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Ericsson
#200 Posted : Saturday, March 07, 2015 2:28:56 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
1masha umesema ukweli;
So long as fundamentals are okay
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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