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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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guru267 wrote:obiero wrote:kaimbaga2012 wrote:Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Next year is an election year my friend. You don't have to ask where the millions donated every weekend are coming from. Dividend drought for the shareholders. Can someone kindly explain to me what Compensating tax is. That is also new to me I'm also very curious to know about this compensation tax Robbery right in front of our eyes: 1. Compensating tax of 43% arose if a company paid dividends out of untaxed capital gains (eg from sale of land). 2. Compensating tax was replaced with 5% capital gains tax on property a couple of years ago. Management owes an explanation: 1. Why they are paying compensating tax after it was abolished? 2. Where is the +5B dividend declared or distributed other than from operational profits? Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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You guys have been played, accept and move on  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. In my opinion, a jumbo cash call by any company in any jurisdiction is always a big red flag for one reason or the other. It implies that either the management was napping on the job or is a distress sign of imminent trouble or both - take your pick. Kengen fits the template too. It doesn't matter the reason that is being used to justify the cash call, the actual reason is never pretty particularly for the shareholder. Expecting a such a company to again issue out a substantial chunk (through dividends) of the money raised after wringing/milking the shareholders to the last penny was and is a tall order to say the least. By and large, a dividend cut was to be expected, a total shut-out on the other hand says that there are more skeletons to be unearthed here in due time. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 1/3/2014 Posts: 257
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Spikes wrote:MadDoc wrote:guru267 wrote:This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...
But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market... You read my mind. I will enter at sub 5 n exit at 6. This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries. @spikes i hope you are seeing the board, demand is between 4.00 and 4.75 (9:50am)
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Avoid GoK owned/controlled firms. *I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is acting shady! I have justified investing in KenRe as a fan of Warren Buffett, cash holdings and complex business perhaps not as prone to straightforward looting like at KQ BUT never say never* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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wukan wrote:Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Told you back in May you are better off as debt holder than equity holder. Wait for Kenya power results and see the disaster of central planning instead of market driven planning Am waiting to see if we get our usual 0.50 dividend from Kenya Power or if pia that has been diverted to fund campaigns
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is actng shady!* @vvs you have been warning us. Kwanza mimi ndio mshindani but I have learnt through the hard way! Baptism by both water and fire. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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obiero wrote:KES 14.35 PBT, dividend KES 0.75 Worst "insider" information ever. Listening to Wazuans might at times make you lose the shirt on your back!!! But at least there was a precedence (KQ!!!). Anyone who fell for this information and has been on Wazua for some time can only blame himself/herself. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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MaichBlack wrote:obiero wrote:KES 14.35 PBT, dividend KES 0.75 Worst "insider" information ever. Listening to Wazuans might at times make you lose the shirt on your back!!! LOL. I sold out pre-rights.. Sue me
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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obiero wrote:MaichBlack wrote:obiero wrote:KES 14.35 PBT, dividend KES 0.75 Worst "insider" information ever. Listening to Wazuans might at times make you lose the shirt on your back!!! LOL. I sold out pre-rights.. Sue me  I know you and your legendary KQ insider information where you were urging people to buy all the way from Kshs. 60/= to Kshs. 3.xy or thereabouts. So let's just say I totally ignored this "insider information"!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Spikes wrote:VituVingiSana wrote:Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is actng shady!* @vvs you have been warning us. Kwanza mimi ndio mshindani but I have learnt through the hard way! Baptism by both water and fire. Safaricom??
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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watesh wrote:wukan wrote:Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Told you back in May you are better off as debt holder than equity holder. Wait for Kenya power results and see the disaster of central planning instead of market driven planning Am waiting to see if we get our usual 0.50 dividend from Kenya Power or if pia that has been diverted to fund campaigns Any news/info/rumours when they might be announcing the results? Ama bado ziko mbali kuiva? Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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MaichBlack wrote:obiero wrote:MaichBlack wrote:obiero wrote:KES 14.35 PBT, dividend KES 0.75 Worst "insider" information ever. Listening to Wazuans might at times make you lose the shirt on your back!!! LOL. I sold out pre-rights.. Sue me I know you and your legendary KQ insider information where you were urging people to buy all the way from Kshs. 60/= to Kshs. 3.xy or thereabouts. So let's just say I totally ignored this "insider information"!!! Hahaha.. You are funniest. But in all fairness I revised the PBT and dividend forecast to KES 13.45 & KES 0.35 respectively
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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Fyatu wrote:watesh wrote:wukan wrote:Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Told you back in May you are better off as debt holder than equity holder. Wait for Kenya power results and see the disaster of central planning instead of market driven planning Am waiting to see if we get our usual 0.50 dividend from Kenya Power or if pia that has been diverted to fund campaigns Any news/info/rumours when they might be announcing the results? Ama bado ziko mbali kuiva? Last year they were released end of October so I guess ziko karibu kuiva
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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enyands wrote:obiero wrote:guru267 wrote:sparkly wrote:kawi254 wrote:Blonde question:
Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.
However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?
ignore that Govts 20 B is debt convertion. Can't add capitalisation to Shareholders funds. current amount of shareholders is quite high, I think 60B or so. At the end of the rights 28.8B will be added to shareholders funds. Shareholder funds will be about KES 180 Bn after the rights issue This is a tragedy. Based on analysis I will wait out the storm and buy postissuance I second you in this man obi Post #348 May 26th
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:Spikes wrote:VituVingiSana wrote:Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is actng shady!* @vvs you have been warning us. Kwanza mimi ndio mshindani but I have learnt through the hard way! Baptism by both water and fire. Safaricom?? Vodafone owns 40% & can (thankfully) out-vote GoK. Controlled by Vodafone. MJ was a Vodafone employee. BC was/is a Vodafone employee. The CFO is seconded by Vodafone. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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In the words of a famous wazuan: Please do your research, homework, term papers, thesis then decide whether that stock is good for you... Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...The juicy EPS last year was the butcher's call KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mkate_nusu wrote:In the words of a famous wazuan:
Please do your research, homework, term papers, thesis then decide whether that stock is good for you...
Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...
The juicy EPS last year was the butcher's call We have really been played. Even a 5 cent Dividend... Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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sparkly wrote:mkate_nusu wrote:In the words of a famous wazuan:
Please do your research, homework, term papers, thesis then decide whether that stock is good for you...
Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...
The juicy EPS last year was the butcher's call We have really been played. Even a 5 cent Dividend... In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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