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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Sufficiently Philanga....thropic wrote: 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 @Mkonotupu @SufficientlyP
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote: 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 @Mkonotupu Not really mkonomtupu is he? ha ha The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Aguytrying wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote: 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 @Mkonotupu Not really mkonomtupu is he? ha ha @SufficientlyP
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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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 ?
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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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?
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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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
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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 .
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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 .
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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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."
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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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
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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
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