True that . This delay of H1 IS unlike Kk. Looks like 'the news' could be tied up.

That's been the trend lately. Blowing Hot over Cold Let's culminate this Game Show - Money In Da Bank

Let us all hope for positive update on the PUMA front!

@maka, go and buy, you will make chums in a few weeks time. The pricing is most likely post 21, let's say I wouldn't be surprised if ended up after 25. What it total man and co are taking a substantial partial share swap? Why are we assuming it's an outright cash sale????

Meanwhile those talking about Kengen should channel their money to KK. Kengen is a government project management company. It's like buying shares of KURA and hoping for a dividend. The company believes their mandate is to create as many projects as possible to feed Vision 2030. Only problem is how to finance these projects and do you actually believe energy consumption will double or triple by 2018? I don't think so. Add onto that, we have oil and that means we have to put up a thermal plant by the refinery to manage and consume the sludge, so if we believe we have oil, shouldn't kengen factoring this in their plants? I actually believe Kengen will have to switch off some plants by 2018 if the deliever even without factoring oil in. Therefore since they are mostly using debt bilateral or otherwise as an shareholder shouldn't you looking elsewhere and if you want an option on the kenyan electricity why not buy KPLC at least their capex is directly linked to demand and not forecast/vision 2030 demand!! just a thought

@Kausha Kengen is the future, they will make a killing with those carbon trading schemes, who said Kengen is only Kenya...the day they will produce enough for Kenya they can sell the surplus to other countries I.e SADC...Kengen debt is guaranteed by GoK.

@VVS no loss for H1 just a 50% drop to a PAT of kes1bn

Link?

What is the factor to watch on August 15th? Link?

1h12 is a loss of about a billion if you do back of the envelope calculations.

Kengen is very simmilar to KQ, they are in a shareholder value destruction phase which is not very apparent to the naked eye- HOWEVER they will produce enough power for us that's for sure but that will be much more than we need if they execute all their plans.

That question of electricity coverage reminds me of the data story on safaricom. We all need energy but that doesn't translate to we all need electricity. Not all cell phone users need data.

The carbon trading story is a fad, the per unit price paid for it is a sham, ask Mumias, they peddled that story until it lost flavor, there is very little money there.

In 1997 when the economy was kaput peak demand was 723MW, in 2012 peak demand is about 1250MW. Demand for electricity has been growing at 8% annually. KPLC forecast demand at 2,250MW by 2015 which includes a reserve buffer of about 30%-the recommended buffer. Kengen has forecast to raise production to 3,00MW by 2015 and to 5,000MW by 2018. Reminds me of the dotcom bubble and the massive fibre capacity in Europe in the late 90's. Mind you with the exception of Ethopia, everyone else has hydro carbons including somalia. We all know most refineries require a thermal electricity plant besides them to consume the sludge. So who will we export kengen's largesse too. I suspect in 2015 we will start switching off some of Kengen's power stations. Mind you IPP's are on 10-15 year contracts so they are not going anywhere soon. Kengen's consumption of debt is very worrying. Very soon they will come with a rights issue at probably 5 bob, to confirm the share value destruction

The future is KPLC, the fibre thing they have going is brilliant. Every power cable has an embedded fibre to it, note no fibre cuts, pricing is low because it costs very little to set up. Now imagine when 50% of the country's electricity cables have fibre embedded? They also have last mile capability as well. Already this year we are talking 500-600m from dark fibre leasing, yet they have barely put together much fibre cable and much of this to the bottom line!!

Hold up! Are results kesho or what's this 15th business? Link?

If indeed its kesho i expect to count more than 50 wazuans here on news break.