wazua Sat, Mar 21, 2026
Welcome Guest Search | Active Topics | Log In

69 Pages«<6364656667>»
KenGen HY 2019
Options
Previous Topic · Next Topic
KaunganaDoDo
#641 Posted : Tuesday, January 26, 2021 9:03:30 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
Fyatu wrote:
Ericsson wrote:
https://www.esi-africa.com/industry-sectors/renewable-energy/100mw-kipeto-wind-farm-connects-to-kenyas-power-grid/



Terrible news for Kenya Power shareholders. Another PPA to milk the cash cow a.k.a Kenya Power dry.


More terrible for KENGEN than KPLC. Integration of new intermittent sources of generation like wind and solar means curtailment of base loads like Geothermal and Hydro
Back to top
  |
kawi254
#642 Posted : Tuesday, January 26, 2021 11:24:31 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
KaunganaDoDo wrote:
Fyatu wrote:
Ericsson wrote:
https://www.esi-africa.com/industry-sectors/renewable-energy/100mw-kipeto-wind-farm-connects-to-kenyas-power-grid/



Terrible news for Kenya Power shareholders. Another PPA to milk the cash cow a.k.a Kenya Power dry.


More terrible for KENGEN than KPLC. Integration of new intermittent sources of generation like wind and solar means curtailment of base loads like Geothermal and Hydro


The spinning reserve for the new intermittent wind power will still be Hydro cheapest and if there is a drought impacting Hydro then geothermal would be the next spinning reserve. Methinks KenGen still gains from the intermittent sources.
Back to top
  |
KaunganaDoDo
#643 Posted : Tuesday, January 26, 2021 11:36:49 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
kawi254 wrote:
KaunganaDoDo wrote:
Fyatu wrote:
Ericsson wrote:
https://www.esi-africa.com/industry-sectors/renewable-energy/100mw-kipeto-wind-farm-connects-to-kenyas-power-grid/



Terrible news for Kenya Power shareholders. Another PPA to milk the cash cow a.k.a Kenya Power dry.


More terrible for KENGEN than KPLC. Integration of new intermittent sources of generation like wind and solar means curtailment of base loads like Geothermal and Hydro


The spinning reserve for the new intermittent wind power will still be Hydro cheapest and if there is a drought impacting Hydro then geothermal would be the next spinning reserve. Methinks KenGen still gains from the intermittent sources.


Curtailed energy from kengen geothermal fields in olkaria was almost 345 million kwh last FY... do the maths. They harm KenGen more...and right now there is no compensation mechanism for ancillary services that kengen gives in grid stabilization and spinning reserve due to intermittent generation in the grid.
Back to top
  |
Ericsson
#644 Posted : Thursday, January 28, 2021 8:15:58 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://mobile.twitter.c...633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
watesh
#645 Posted : Thursday, January 28, 2021 8:42:08 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.
Back to top
WWW
  |
Ericsson
#646 Posted : Thursday, January 28, 2021 9:22:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


They got a tax gain as a result of Olkaria V.
The tax gain isn't distributable as dividend.
Calculate the payout ratio without the tax gain.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#647 Posted : Thursday, January 28, 2021 10:09:43 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


Dividend payment date 22 July 2021 to shareholders at the close of business on 29 April 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
watesh
#648 Posted : Thursday, January 28, 2021 10:21:06 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


They got a tax gain as a result of Olkaria V.
The tax gain isn't distributable as dividend.
Calculate the payout ratio without the tax gain.


FY17 and FY18 we got a dividend of 0.40 then suddenly down to 0.25 in FY19 and 0.30 in FY20. Excluding the tax gains, I would expect them at least to maintain the dividend since their earnings are relatively the same over the years if not higher.
Back to top
WWW
  |
mlennyma
#649 Posted : Thursday, January 28, 2021 11:35:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


you should be smiling corona has not affected performance and you can chew something
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
Ericsson
#650 Posted : Thursday, January 28, 2021 1:19:18 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-makes-ethiopian-geothermal-deal-3250502

The operations in Ethiopia will give them a cushion since revenues in Kenya have stagnated and Kenya power cashflow issues

What % of total revenues from are expected from Ethiopia?

For the FY2019/2020 Ethiopia project generated Ksh.440 million in revenues.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
69 Pages«<6364656667>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.