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KenGen HY 2019
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Ericsson
#201 Posted : Sunday, October 20, 2019 8:41:51 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.


Are we saying no results until Auditor General is nominated, vetted, approved, takes office?

That might take 2 years Sad

Kwani ni ARM,uchumi supermarkets or Mumias
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#202 Posted : Monday, October 21, 2019 10:07:49 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.


Are we saying no results until Auditor General is nominated, vetted, approved, takes office?

That might take 2 years Sad

Kwani ni ARM,uchumi supermarkets or Mumias


Recruitments, appointments and vetting can take long in this country. Secondly, Jubilee does not want to be audited.
Life is short. Live passionately.
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FUNKY
#203 Posted : Monday, October 21, 2019 10:45:36 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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KaunganaDoDo
#204 Posted : Tuesday, October 22, 2019 10:44:23 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.


Are we saying no results until Auditor General is nominated, vetted, approved, takes office?

That might take 2 years Sad


This should be the week for both KPLC & KenGen....AG or no AG...infact its better this way.
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Ericsson
#205 Posted : Tuesday, October 22, 2019 8:44:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
https://www.businessdail...0534-st4nvcz/index.html

Water levels have remained low in the country’s hydro-power dams despite heavy rains, officials have said, ruling out immediate fall in electricity prices.

The Ministry of Energy says it may take a bit longer to raise the dam levels after months of low water volumes that have seen hydro generation decline consistently in the last three months starting August 2019.

Energy Cabinet Secretary Charles Keter said water levels in the Masinga dam was yet to rise after falling about 17 metres below its capacity.

“Masinga dam level is still low at 1041 metres compared to the 1056 metres when it is fully filled. It had gone down to 1039 and you know Sondu is a run- off so there is no dam there but it is currently looking good. Turkwel is yet to be back into generation,” Mr Keter said.
Data from the Kenya national Bureau of Statistics show that generation from the hydro sources declined in the three months to August 2019 when about 251.48 million Kilowatt hours was generated a drop from 368.91 million KWh in July and 272.42 million KWh in June.

“Total local electricity generation decreased from 974.62 million KWh in July 2019 to 967.62 million KWh in August 2019,” KNBS wrote in its latest Leading Economic Indicators report.
Should the rains continue to be heavy in the Loyangalani and Turkana areas, generation from wind is also likely to be depressed as was experienced earlier in the year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#206 Posted : Tuesday, October 22, 2019 10:01:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
KaunganaDoDo wrote:
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.


Are we saying no results until Auditor General is nominated, vetted, approved, takes office?

That might take 2 years Sad


This should be the week for both KPLC & KenGen....AG or no AG...infact its better this way.

Results won't be that good
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
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young
#207 Posted : Tuesday, October 22, 2019 11:58:20 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
For Diversification purposes KENGEN is one of the best out of the worst in Non Finance sector .
Other from my point of view for new entrants includes

Safaricom
Scan group
EABL
FAHR REIT

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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VituVingiSana
#208 Posted : Wednesday, October 23, 2019 3:52:15 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,365
Location: Nairobi
young wrote:
For Diversification purposes KENGEN is one of the best out of the worst in Non Finance sector .
Other from my point of view for new entrants includes

Safaricom
Scan group
EABL
FAHR REIT

All 4 can or will probably pay dividends going forward.
KenGen is the outlier. It could be hit or miss depending on other factors.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#209 Posted : Wednesday, October 23, 2019 7:38:17 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
young wrote:
For Diversification purposes KENGEN is one of the best out of the worst in Non Finance sector .
Other from my point of view for new entrants includes

Safaricom
Scan group
EABL
FAHR REIT



Scan group and FAHR better than Kengen? Are you out of your mind?
Life is short. Live passionately.
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Horton
#210 Posted : Wednesday, October 23, 2019 8:55:51 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
sparkly wrote:
young wrote:
For Diversification purposes KENGEN is one of the best out of the worst in Non Finance sector .
Other from my point of view for new entrants includes

Safaricom
Scan group
EABL
FAHR REIT



Scan group and FAHR better than Kengen? Are you out of your mind?


Sparkly I think Mzee young deserves respect for his age, experience and opinions. No need to be brash
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