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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
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mthaka
#251 Posted : Thursday, July 09, 2015 9:47:54 AM
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Joined: 9/30/2013
Posts: 254
2.2 billion @ ksh 7.00=15.4 billion,the 400 million will be transaction costs,this share will fall to a low of ksh 7.50 so that they sell at a discount.
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Ericsson
#252 Posted : Thursday, July 09, 2015 9:53:30 AM
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15.4bn will fall short of the amount kengen targets to balance debt to equity
Wealth is built through a relatively simple equation
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mwekez@ji
#253 Posted : Thursday, July 09, 2015 10:35:42 AM
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Joined: 5/31/2011
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mthaka wrote:
2.2 million @ ksh 7.00=15.4 billion,the 400 million will be transaction costs,


1:1 rights issue
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mwekez@ji
#254 Posted : Thursday, July 09, 2015 10:38:08 AM
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Ericsson wrote:
15.4bn will fall short of the amount kengen targets to balance debt to equity


This is just the beginning ....
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Ericsson
#255 Posted : Thursday, July 09, 2015 11:15:30 AM
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@mwekez@ji
According to reuters in the link posted by @littledove kengen plans to raise ksh.30bn in the rights issue
Link is below
http://af.reuters.com/ar...p;virtualBrandChannel=0

Gava or treasury won't be releasing any money but will be converting part of its debt in kengen to equity to meet its contribution.
The debt by KENGEN to GOK is ksh.28bn
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mwekez@ji
#256 Posted : Thursday, July 09, 2015 11:30:38 AM
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Ericsson
#257 Posted : Thursday, July 09, 2015 11:46:45 AM
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Wacha tungoje msema kweli who is the information memorandum;
Reuters which normally represents the foreign investors says 30bn while our local dailies say 15bn
Wealth is built through a relatively simple equation
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mthaka
#258 Posted : Thursday, July 09, 2015 12:12:38 PM
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Posts: 254
is it really worth buying into the rights or sell now???
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mthaka
#259 Posted : Friday, July 10, 2015 9:42:13 AM
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as said,we are heading to ksh 7.50
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murchr
#260 Posted : Monday, July 13, 2015 5:16:10 AM
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Joined: 2/26/2012
Posts: 15,980
The Kenya Electricity Generating Company (KenGen) is searching for a transaction adviser to help structure a public private partnership (PPP) deal for the multibillion-shilling first phase of its Olkaria VI power plant.

The power plant is expected to generate 140 megawatts (MW) and is part of the company’s plan to increase its geothermal output by an extra 350MW in the next four years.

This will be the first time that KenGen will be undertaking a PPP deal.

http://www.businessdaily...2/-/ej1fjez/-/index.html
"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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