Wazua
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KenGen HY 2019
Rank: Chief Joined: 1/3/2007 Posts: 18,365 Location: Nairobi
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Ericsson wrote:sparkly wrote:KaunganaDoDo wrote:Ericsson wrote: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.  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  This should be the week for both KPLC & KenGen....AG or no AG...infact its better this way. Two days to go KPLC ,KenGen , and EAPC have received waivers notice to CMA,from office of AG to exempt them from AG audit and opinion for the financial year ending June 2019. So the issue of AG absence is past. possibility Friday and Saturday. Who waived this requirement if the office that should waive doesn't have a substantive holder? CMA agreed waive the requirement Why when you said "The Deputy Auditor general will do the necessary"? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:sparkly wrote:KaunganaDoDo wrote:Ericsson wrote: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. 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 This should be the week for both KPLC & KenGen....AG or no AG...infact its better this way. Two days to go KPLC ,KenGen , and EAPC have received waivers notice to CMA,from office of AG to exempt them from AG audit and opinion for the financial year ending June 2019. So the issue of AG absence is past. possibility Friday and Saturday. Who waived this requirement if the office that should waive doesn't have a substantive holder? CMA agreed waive the requirement Why when you said "The Deputy Auditor general will do the necessary"? The Deputy general can facilitate waiver since he ain't a substantial holder of office Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:KaunganaDoDo wrote:Ericsson wrote: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. 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 This should be the week for both KPLC & KenGen....AG or no AG...infact its better this way. Two days to go KPLC ,KenGen , and EAPC have received waivers notice to CMA,from office of AG to exempt them from AG audit and opinion for the financial year ending June 2019. So the issue of AG absence is past. possibility Friday and Saturday. Who waived this requirement if the office that should waive doesn't have a substantive holder? CMA agreed waive the requirement Noted. Waiting for the Kengen results. Hope dividend will equal or exceed last year. Life is short. Live passionately.
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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Horton wrote: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 Thanks @Horton Hakuna matata dear @VVS 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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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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sparkly wrote:Ericsson wrote:sparkly wrote:KaunganaDoDo wrote:Ericsson wrote: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. 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 This should be the week for both KPLC & KenGen....AG or no AG...infact its better this way. Two days to go KPLC ,KenGen , and EAPC have received waivers notice to CMA,from office of AG to exempt them from AG audit and opinion for the financial year ending June 2019. So the issue of AG absence is past. possibility Friday and Saturday. Who waived this requirement if the office that should waive doesn't have a substantive holder? CMA agreed waive the requirement Noted. Waiting for the Kengen results. Hope dividend will equal or exceed last year. Price action shows a queue at the exit and some participants have started pushing...
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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FUNKY wrote:https://kenyanwallstreet.com/kengen-awarded-sh-5-8-billion-contract-to-drill-geothermal-wells-in-ethiopia/ Excellent! "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: Veteran Joined: 4/30/2010 Posts: 1,635
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Surprising even after such a good announcement no price swing today
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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FUNKY wrote:Surprising even after such a good announcement no price swing today The good announcement people are waiting for is release of FY results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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FUNKY wrote:Surprising even after such a good announcement no price swing today Waiting for the bottom-line Life is short. Live passionately.
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