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KenGen HY 2019
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kawi254
#471 Posted : Monday, April 06, 2020 5:57:58 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
Solar equipment to become pricier with new/increased taxes.

Will this be a positive for kengen


Why would KenGen though be thinking of investing in a 5MW Solar in Muranga?.


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  | | Edit by user: Monday, April 06, 2020 6:04 PM | Reason: Not specified
Ericsson
#472 Posted : Tuesday, April 07, 2020 7:30:15 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
Solar equipment to become pricier with new/increased taxes.

Will this be a positive for kengen


Why would KenGen though be thinking of investing in a 5MW Solar in Muranga?.



Too much money making them go mad.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#473 Posted : Wednesday, April 08, 2020 8:46:06 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
Solar equipment to become pricier with new/increased taxes.

Will this be a positive for kengen


Why would KenGen though be thinking of investing in a 5MW Solar in Muranga?.



Too much money making them go mad.


They are wasting retained profits. They should pay out at least 70% of earnings as dividends as opposed to the current 30%.
Life is short. Live passionately.
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kenyan2019
#474 Posted : Friday, April 17, 2020 11:38:21 AM
Rank: New-farer

Joined: 12/30/2018
Posts: 94
Geothermal: Kenya basks in ranking seventh heaven

Kenya has raced past Italy to emerge the seventh-largest geothermal power producer in the world, new global data shows.

Kenya’s geothermal capacity stands at 823 megawatts (MW), having grown by 165MW since last year and moving the East African country above Italy’s 800MW.
This is according to Renewable Capacity Statistics 2020 prepared by Abu Dhabi-based International Renewable Energy Agency (Irena).

https://www.standardmedi...-ranking-seventh-heaven #Geothermal
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VituVingiSana
#475 Posted : Friday, April 17, 2020 12:47:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
sparkly wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
Solar equipment to become pricier with new/increased taxes.

Will this be a positive for kengen


Why would KenGen though be thinking of investing in a 5MW Solar in Muranga?.



Too much money making them go mad.


They are wasting retained profits. They should pay out at least 70% of earnings as dividends as opposed to the current 30%.

Someone was arguing that firms should retain funds, not pay dividends, to help them weather the Covid-19 crisis. d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#476 Posted : Sunday, April 19, 2020 11:12:26 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
process of selecting the next Auditor general has restarted.
By the time it's completed kengen will be announcing FY 2019/2020 results.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#477 Posted : Monday, April 20, 2020 7:23:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
process of selecting the next Auditor general has restarted.
By the time it's completed kengen will be announcing FY 2019/2020 results.
Perhaps there will be 2 AGMs and 2 dividends after in Sep 2020.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Balaa
#478 Posted : Monday, April 20, 2020 6:55:02 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
VituVingiSana wrote:
Ericsson wrote:
process of selecting the next Auditor general has restarted.
By the time it's completed kengen will be announcing FY 2019/2020 results.
Perhaps there will be 2 AGMs and 2 dividends after in Sep 2020.


Going by the subtle signals so far, what's the probability that no dividend will be declared by state-owned Kengen? I mean, the absence of AG did not stop a similar majority state-owned Kenya Re from declaring a dividend regardless, yet Kengen board couldn't. Somebody from Treasury must be sitting on both companies boards. I'm just playing the devil's advocate.
If it don't make dollars, it don't make sense
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  | | Edit by user: Monday, April 20, 2020 7:31 PM | Reason: Not specified
Ericsson
#479 Posted : Tuesday, April 21, 2020 8:22:03 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
process of selecting the next Auditor general has restarted.
By the time it's completed kengen will be announcing FY 2019/2020 results.
Perhaps there will be 2 AGMs and 2 dividends after in Sep 2020.


Yes.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#480 Posted : Tuesday, April 21, 2020 8:24:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Balaa wrote:
VituVingiSana wrote:
Ericsson wrote:
process of selecting the next Auditor general has restarted.
By the time it's completed kengen will be announcing FY 2019/2020 results.
Perhaps there will be 2 AGMs and 2 dividends after in Sep 2020.


Going by the subtle signals so far, what's the probability that no dividend will be declared by state-owned Kengen? I mean, the absence of AG did not stop a similar majority state-owned Kenya Re from declaring a dividend regardless, yet Kengen board couldn't. Somebody from Treasury must be sitting on both companies boards. I'm just playing the devil's advocate.


Let's wait and see post COVID-19.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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