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KENGEN
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Liv
#1 Posted : Monday, July 14, 2008 2:17:00 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
This could explain why Kengen has moved up in the last 2 trade days.

FROM AFRICAN ALLIANCE RESEARCH TEAM:

KenGen is the biggest gainer following the tariff review,given that it is expected to receive both capacity and energy payments,up from the flat tariff of KES 2.36/kWh. Using a total PPA increment to the current KES 3.40/kWh being earned by IPP’s,we calculate KenGen’s intrinsic value at KES 44.40,a 77.5% upside on the current market price of KES 25.0.

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Eddiemundu
#2 Posted : Monday, July 14, 2008 2:44:00 PM
Rank: Member

Joined: 4/23/2007
Posts: 67
Did they Factor in the Effect that Higher Oil Prices will have on Kengen's Returns,and if so are these Costs 100% (or whateva %) transferrable to the end Consumer.??

I dont disregard this power Tariff development though,but deeper insight is needed b4 Jumping in.

http://www.stockskenya.c...aspx?stk=0&top=7424



M'c Kende Siafu !
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Liv
#3 Posted : Monday, July 14, 2008 3:41:00 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
Eddie,

All fuel costs increases are transferable to the customers through KPLC. Increase in Fuel costs would only affect their working capital - and probably the cost of borrowing... but they have good credit period with oil companies that supply them.
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sisinisisinini?
#4 Posted : Monday, July 14, 2008 3:42:00 PM
Rank: Member

Joined: 5/10/2008
Posts: 6
Good question Eddie,but doesnt KPLC pass on the fuel charge directly to customers' bills? meaning that Kengen passes the charges on to KPLC.

Citius altius fortius !
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Eddiemundu
#5 Posted : Monday, July 14, 2008 3:47:00 PM
Rank: Member

Joined: 4/23/2007
Posts: 67
@ Liv,

Where did yu get that report for K-alliance,i dont mind Reading it..send the link..

Thanx


M'c Kende Siafu !
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Liv
#6 Posted : Monday, July 14, 2008 3:50:00 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
@Eddie,

I received it through email as a pdf attachment. They usually send this to their customers.

I can forward the full report to your email if you are interested.
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sisinisisinini?
#7 Posted : Monday, July 14, 2008 7:28:00 PM
Rank: Member

Joined: 5/10/2008
Posts: 6
@Liv pls send me a copy onemutis@yahoo.co.co.uk

Citius altius fortius !
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miser
#8 Posted : Tuesday, July 15, 2008 7:20:00 AM
Rank: Member

Joined: 7/7/2008
Posts: 124
Be a buddy and paste the entire report here!Afterall we are all in this together for bad,worse or good! You never know you could influence the price even it goes the monkey way!Am yet to sell my initial allocation of 6,430!
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Liv
#9 Posted : Thursday, July 17, 2008 1:32:00 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
@Sisi,

How did you find the KENGEN valuation by AA?

Today it has moved up circa 70 cts.
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KulaRaha
#10 Posted : Thursday, July 17, 2008 1:52:00 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
HAHA this one I dumped at around 35.00

Have you seen their accounts? Totally cooked!


Business opportunities are like buses,there's always another one coming
Business opportunities are like buses,there's always another one coming
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