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KenGen’s Kes 141 Billion Rights Offer to Quadruple Shares in Issue
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sparkly
#261 Posted : Monday, July 13, 2015 5:41:19 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Why Why Why then is Kengen doing a rights issue?
Life is short. Live passionately.
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murchr
#262 Posted : Monday, July 13, 2015 7:09:35 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
sparkly wrote:
Why Why Why then is Kengen doing a rights issue?


I could be wrong but this could have been negotiated at harambee hse on Sat...I believe the MD has some elaboration to do.
"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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Ericsson
#263 Posted : Monday, July 13, 2015 7:13:40 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@sparkly
Kengen is doing a rights issue for funding the following;
Olkaria I Unit 6 extension 70MW
Olkaria V 140MW
Olkaria VI 140MW
That search for a partner in a PP model is being too ambitious and a PR exercise just like the road annuity program.
You know in this country such projects is where deals are cut.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#264 Posted : Monday, July 13, 2015 6:39:09 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
sparkly wrote:
Why Why Why then is Kengen doing a rights issue?


I could be wrong but this could have been negotiated at harambee hse on Sat...I believe the MD has some elaboration to do.

The billionaires? Wanjikus in Kengen are about to be shafted!
Life is short. Live passionately.
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murchr
#265 Posted : Monday, July 13, 2015 6:50:27 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
sparkly wrote:
murchr wrote:
sparkly wrote:
Why Why Why then is Kengen doing a rights issue?


I could be wrong but this could have been negotiated at harambee hse on Sat...I believe the MD has some elaboration to do.

The billionaires? Wanjikus in Kengen are about to be shafted!


Or float with the tide.
"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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Aguytrying
#266 Posted : Monday, July 13, 2015 7:37:04 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Why would any self loving company sell shares when the market and it's shares are nosediving into a bear? Interesting to note that the major shareholder isn't using cash but converting debt into equity.
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Monday, July 13, 2015 7:38 PM | Reason: Not specified
Pesa Nane
#267 Posted : Monday, July 13, 2015 7:51:24 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Aguytrying wrote:
Why would any self loving company sell shares when the market and it's shares are nosediving into a bear? Interesting to note that the major shareholder isn't using cash but converting debt into equity.

Reminds me of !@#$ ciano!
Pesa Nane plans to be shilingi when he grows up.
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murchr
#268 Posted : Monday, July 13, 2015 7:59:24 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Pesa Nane wrote:
Aguytrying wrote:
Why would any self loving company sell shares when the market and it's shares are nosediving into a bear? Interesting to note that the major shareholder isn't using cash but converting debt into equity.

Reminds me of !@#$ ciano!


Dont forget this has been dragging on for 2+years
"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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Gatheuzi
#269 Posted : Tuesday, July 14, 2015 7:01:37 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
We call them GOK firms. Decisions are never alighned to your interest as a shareholder. Don't be surprised by the current twist here. Start learning from @S.MutagaIII and keep off GOK firms!
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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  | | Edit by user: Tuesday, July 14, 2015 7:03 AM | Reason: Not specified
Muthawamunene
#270 Posted : Wednesday, July 22, 2015 11:52:37 AM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
http://www.businessdailyafrica.com/US-firm-to-set-up-Turkana-wind-power-plant--/-/539552/2801750/-/wp92mi/-/index.html

Kengen has operated as the dominant player in the power generation scene. The dominance coming from the fact that starting a power generation company is not the same as starting a website.

With these new players in the sector, its turning out to be quite the race. Who can get that wind energy on the grid first?

22% of my portfolio is in KENGEN and 39% in KPLC (Yes, I am an energy investor - is stable but slow)

KPLC is looking up to be a better buy if they keep to their 1 million new customers annually target.
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