wazua Sat, Mar 21, 2026
Welcome Guest Search | Active Topics | Log In

30 Pages«<2122232425>»
KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
Sufficiently Philanga....thropic
#221 Posted : Friday, May 15, 2015 9:06:08 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Sufficiently Philanga....thropic wrote:
Kengen receives 2 awards at the just ended Africa Utility week 2015
Kengen scoops 2 awards


I saw a guy snap the Kengens on offer towards market close from 9.50 to 9.75, picking them all and staying on board(GTC) at 9.50. This must have been @Mkonotupusmile
@SufficientlyP
Aguytrying
#222 Posted : Saturday, May 16, 2015 10:18:36 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:
Kengen receives 2 awards at the just ended Africa Utility week 2015
Kengen scoops 2 awards


I saw a guy snap the Kengens on offer towards market close from 9.50 to 9.75, picking them all and staying on board(GTC) at 9.50. This must have been @Mkonotupusmile


Not really mkonomtupu is he? ha ha
The investor's chief problem - and even his worst enemy - is likely to be himself
Sufficiently Philanga....thropic
#223 Posted : Saturday, May 16, 2015 12:38:28 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Aguytrying wrote:
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:
Kengen receives 2 awards at the just ended Africa Utility week 2015
Kengen scoops 2 awards


I saw a guy snap the Kengens on offer towards market close from 9.50 to 9.75, picking them all and staying on board(GTC) at 9.50. This must have been @Mkonotupusmile


Not really mkonomtupu is he? ha ha

@SufficientlyP
kawi254
#224 Posted : Thursday, May 21, 2015 12:54:59 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
In the 2015/2016 Budget (link), Table 19: LIST OF SEMI - AUTONOMOUS GOVERMENT AGENCIES RECEIVING FUNDS FROM THE FY 2015/16 BUDGET,
KenGen will receive Ksh 13,078,315,360. This i assume will be the Goverment's 70% contribution to the rights issue.

At 70% Govt share holding, the rights will be Ksh 18,683,307,657.14. At today's price of Ksh 9.60 this is a 1:1 rights issue at a discounted price of Ksh 8.50 ?
mkonomtupu
#225 Posted : Thursday, May 21, 2015 1:33:57 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
kawi254 wrote:
In the 2015/2016 Budget (link), Table 19: LIST OF SEMI - AUTONOMOUS GOVERMENT AGENCIES RECEIVING FUNDS FROM THE FY 2015/16 BUDGET,
KenGen will receive Ksh 13,078,315,360. This i assume will be the Goverment's 70% contribution to the rights issue.

At 70% Govt share holding, the rights will be Ksh 18,683,307,657.14. At today's price of Ksh 9.60 this is a 1:1 rights issue at a discounted price of Ksh 8.50 ?


What happened to the debt to equity conversion?
Ericsson
#226 Posted : Thursday, May 21, 2015 3:25:59 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
You never know;gava may decide to convert not whole but part of the debt into equity and the remainder contribute cash.
Now the key is how much kengen is targeting to raise in the rights issue.
Is it ksh.18.63 bn as kawi254 says or ist ksh.50bn that the company has been marketing.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
murchr
#227 Posted : Thursday, May 21, 2015 6:37:20 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
The new CEO was too quick in mentioning about the rights issue yet those who pull the strings were/are not ready. These Kenyan CEOs need to have breaks on their mouths, the other one was Mbuvi of KQ and Ohana KK. Investor relations seem to be a foreign thing here.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
murchr
#228 Posted : Wednesday, May 27, 2015 3:17:52 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Uhuru Kenyatta wrote:
Meeting with the SGR Team at the CRBC Voi Camp. My Government has started negotiations with the company building the Standard Gauge Railway for the extension of the line from Nairobi to Naivasha after they complete the line from Mombasa to the capital city. The extension of 120 kilometres will link special industrial zones that would be established at Naivasha, home to the Olkaria geothermal power plants, to Nairobi and Mombasa. To attract investors to set up industrial complexes at the specially designated zones near Olkaria, my government will offer them subsidised power tariffs. Firms will also have their power connected directly from Olkaria to ensure uninterrupted supplies, and in some cases, companies —such as those dealing in apparel manufacturing — will be allowed access to steam. We will also set up many industrial parks along the route of the SGR. Already, the Ministry of Industrialisation has identified land for setting up industrial parks in Mariakani, Voi, Naivasha, Athi River and Emali. I directed all ministries and agencies to ensure they play their role in ensuring that the construction of the SGR is not impeded. We must do everything in our power to ensure that the SGR is delivered on time and on budget. There must be no laxity in terms of delivering what is one of our most transformational projects.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mlennyma
#229 Posted : Wednesday, May 27, 2015 1:08:48 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
murchr wrote:
The new CEO was too quick in mentioning about the rights issue yet those who pull the strings were/are not ready. These Kenyan CEOs need to have breaks on their mouths, the other one was Mbuvi of KQ and Ohana KK. Investor relations seem to be a foreign thing here.

they dragged their feet when the market was bullish.
"Don't let the fear of losing be greater than the excitement of winning."
mkonomtupu
#230 Posted : Wednesday, May 27, 2015 1:14:19 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
mlennyma wrote:
murchr wrote:
The new CEO was too quick in mentioning about the rights issue yet those who pull the strings were/are not ready. These Kenyan CEOs need to have breaks on their mouths, the other one was Mbuvi of KQ and Ohana KK. Investor relations seem to be a foreign thing here.

they dragged their feet when the market was bullish.


Yeah the rights issue will be a flop. Interesting times
30 Pages«<2122232425>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.