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Kengen HY 2015 results PAT up 400%
mlennyma
#41 Posted : Friday, February 27, 2015 10:49:48 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
HaMaina wrote:
muganda wrote:
guru267 wrote:
Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity

Applause Applause Applause Applause Applause

Installed capacity up 28%
Units sold up 9%
Electricity revenue up 37%



Is the volume & price spike legit ( at the moment ), or is it a case of eager sheep being readied for slaughter ?

its suicidal to buy kengen without setting aside money to defend all your rights I dont know whether the speculators are smart to do that.
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#42 Posted : Friday, February 27, 2015 10:57:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,703
Location: NAIROBI
@mlennyma
Kweli kabisa hapo kama huna pesa ya rights sahau the counter.
Counter had a huge spike in price when market opened due to yesterday's announcement,calming down slowly as day goes by
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#43 Posted : Friday, February 27, 2015 11:01:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,703
Location: NAIROBI
By 2;30pm it will be at 11
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
ProverB
#44 Posted : Friday, February 27, 2015 11:12:29 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mlennyma wrote:
mthaka wrote:
The Board of Directors do not recommend payment of an interim dividend. Sad Sad

They should 'grease us' so that we ensure a successful rights. Sad Sad


as shareholders we can DEMAND for some dividend or make sure we get a shilling so that we can take up the rights.But is it 15B or 50 B?

15[/quote]

Look at the Cashflow statement. Think
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
jwatesh
#45 Posted : Friday, February 27, 2015 11:16:40 AM
Rank: Member


Joined: 8/19/2014
Posts: 125
Kengen hits 12!!!
hisah
#46 Posted : Friday, February 27, 2015 11:39:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
ProverB wrote:
mlennyma wrote:
mthaka wrote:
The Board of Directors do not recommend payment of an interim dividend. Sad Sad

They should 'grease us' so that we ensure a successful rights. Sad Sad


as shareholders we can DEMAND for some dividend or make sure we get a shilling so that we can take up the rights.But is it 15B or 50 B?

15


Look at the Cashflow statement. Think [/quote]

Down from 481M to -3441M or -671% down. Can't afford to pay dividends with such a hole.

Will they get a tax credit next FY (Jun 2016)? What will be the effect of the huge rights issue? Will it really be oversubscribed? This fat tax credit is going to cloud sober judgement...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
maka
#47 Posted : Friday, February 27, 2015 12:02:51 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
HaMaina wrote:
muganda wrote:
guru267 wrote:
Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity

Applause Applause Applause Applause Applause

Installed capacity up 28%
Units sold up 9%
Electricity revenue up 37%



Is the volume & price spike legit ( at the moment ), or is it a case of eager sheep being readied for slaughter ?


possunt quia posse videntur
Ericsson
#48 Posted : Friday, February 27, 2015 12:23:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,703
Location: NAIROBI
Dividend amount will be raised come full year results due in October.
Tungojee
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mkonomtupu
#49 Posted : Friday, February 27, 2015 12:40:19 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
Ericsson wrote:
@mlennyma
Kweli kabisa hapo kama huna pesa ya rights sahau the counter.
Counter had a huge spike in price when market opened due to yesterday's announcement,calming down slowly as day goes by


The KCB shareholders who didn't participate in the 2010 rights issue are still good
mlennyma
#50 Posted : Friday, February 27, 2015 12:56:14 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
mkonomtupu wrote:
Ericsson wrote:
@mlennyma
Kweli kabisa hapo kama huna pesa ya rights sahau the counter.
Counter had a huge spike in price when market opened due to yesterday's announcement,calming down slowly as day goes by


The KCB shareholders who didn't participate in the 2010 rights issue are still good

true they are good but there is more than good called better,they could be better
"Don't let the fear of losing be greater than the excitement of winning."
innovator
#51 Posted : Friday, February 27, 2015 1:36:45 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
I repeat, this rights issue will be delayed until the price is favourable.
derick
#52 Posted : Friday, February 27, 2015 2:11:27 PM
Rank: Member


Joined: 1/10/2015
Posts: 411
High electricity sales boost KenGen profits - http://www.the-star.co.ke/node/208063 via @TheStarKenya
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
murchr
#53 Posted : Friday, February 27, 2015 3:21:57 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
muganda wrote:
guru267 wrote:
Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity

Applause Applause Applause Applause Applause

Installed capacity up 28%
Units sold up 9%
Electricity revenue up 37%



Remember geothermal is expensive to install but cheap to produce. 9% is just about the same amount that was produced. @hisah, more plants = more tax credits
"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
.
hisah
#54 Posted : Friday, February 27, 2015 3:37:49 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
murchr wrote:
muganda wrote:
guru267 wrote:
Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity

Applause Applause Applause Applause Applause

Installed capacity up 28%
Units sold up 9%
Electricity revenue up 37%



Remember geothermal is expensive to install but cheap to produce. 9% is just about the same amount that was produced. @hisah, more plants = more tax credits

What's the program duration? Is Geo part of the 2018 project plan? If so, then I will be forced to relook this counter.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#55 Posted : Friday, February 27, 2015 3:55:24 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hisah wrote:
murchr wrote:
muganda wrote:
guru267 wrote:
Apart from the tax credit which is a one off I am really impressed with revenue grwoth as a result of increased installed capacity

Applause Applause Applause Applause Applause

Installed capacity up 28%
Units sold up 9%
Electricity revenue up 37%



Remember geothermal is expensive to install but cheap to produce. 9% is just about the same amount that was produced. @hisah, more plants = more tax credits

What's the program duration? Is Geo part of the 2018 project plan? If so, then I will be forced to relook this counter.


Yes, until capacity gets to 10000mw
"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
#56 Posted : Friday, February 27, 2015 3:59:55 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
From the notes on the financial performance;the company is on gear to implement other Horizon II projects which include 350mw of geothermal projects comprising;
70MW Olkaria I Unit 6
140MW Olkaria V
140MW Olkaria VI
From the news they have been sharing Kengen is short by 8.2bn for funding of Olkaria I unit 6.This money they will get from borrowing and most likely JICA will give them the money.
The ksh.50bn rights issue money will be for implementing 140MW Olkaria V and 140MW Olkaria VI and the remaining balance for the project will be borrowing.
This company is doing an excellent job in the way they plan and manage their finances


@hisah .....
"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
.
Danster
#57 Posted : Friday, September 25, 2015 7:55:11 AM
Rank: New-farer


Joined: 9/23/2015
Posts: 12
Kengen HY Net Profit up by 106.42%

Full year results will be announced next month. The company half year EPS increased by a whooping
386.95%.
tmatekwa
#58 Posted : Friday, September 25, 2015 8:48:23 AM
Rank: Member


Joined: 10/1/2007
Posts: 232
link please?
uchumi
#59 Posted : Friday, September 25, 2015 9:06:59 AM
Rank: Member


Joined: 9/16/2006
Posts: 229
Expect good results.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Muthawamunene
#60 Posted : Friday, September 25, 2015 12:15:49 PM
Rank: Member


Joined: 1/3/2011
Posts: 264
Location: Nairobi
Also keep heavy forex loan payments in mind.
Majority govt ownership.
Expected rights issue next year.

There won't be much to celebrate here. Kengen became another KenyaRe when peeps sobered up from their IPO utopia.
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