1) No longer an IPO
2) No longer that crazy euphoria
3) Great to invest but the projects will take 1-5 years to implement. The larger projects will be closer to 5 years.

Indeed Kengen is forgotten hero. I am expecting better earnings primarily just from recovery of hydro in the 1st half and also the higher earnings due to hydro plant availabilty - remember the new PPA with KPLC gives an incentive to Kengen to produce more under a capacity charge proviso. Simply they bill KPLC higher when they produce more electricity.

In the 2nd half Kengen will have approx 200MW new capacity to sell from the various projects that have been commisioned as well as the 120MW Kipevu 3 to be commisioned probably this month.

Lastly, they are expected to start trading carbon credits for their wind and geo-thermal plants.

The market was excited with KPLC saving 60MW from the energy saving bulbs. How much more clean energy does Kengen have to offer currentlyand in the medium term?

This is the simplest investment on the NSE and what I like is that they know how to trade with excess funds. Just last year they made a billion bob from interest income...superfly!!!

BUY<BUY<BUY!

Every six months these guys will announce some credit borrowing from Japan or somewhere.
Its been long since they announced a successful loan from somewhere.
I Expect another announcement soon.

@ ALikujia. They made the 1B in end year June 2010.

You see it is all about the cost of borrowing at the end of the day and I am happy that Kengen understands that.

For example, it pays 12.5% on the PIBO and trades the money that is not in use at the moment making 8%, trading bonds on the NSE etc thus effective cost of borrowing is 12.5 - 8= 4.5% finance cost.

I hope you see what i am saying.

I believe the firm's capacity expansion initiatives should bring about a steady growth in profitability in the long run.

I made an exit post IPO @35 and never looked at this again. Gladly so. But now mhhh... what is been going on? U mean GDC was a loss to KenGen shareholders just like that? No equity in GDC or any sort of financial gain for KenGeners at all, just like that? Wow!!

That's what people thought of the likes of Kenya railways

but come next year & beyond when that carbon credit money comes in, some market players will kick themselves for not buying for cheap now ~see the end from the beginning, make your moves & monitor over-time.

hahahhah. i am very sure this thread has been bank rolled by one @cde ..
but its shocking to say the least...ipo price was at 11.90 and it closed the week at 12.20 . WOW. What a bargain. if i was to buy i would buy now . My bet ipo price is a very good support .Mind you the ipo was oversubscribed by 337 per cent !!!!!!!!!!!
Whats also shocking is that the same share has an ALL TIME HIGH of Sh62 ..lol.

ehhh., this stock indeed has memories..sweet memories