Cde, surely you can do better than this. The last time I checked KenGen's share of the power market was declining fast in favour of the IPPs.

But I have this niggling feeling that KenGen will stage a nice turnaround at some point. The question is at what price will the inflexion be?

1. Kengen alone can't power Vision 2030 (unless u want a time-lag) 2. What better business than one expanding into an undersupplied market (all new out-put is taken up). 3. KPLC is making 200K* new connex p.a (penetration @25% and growing-highrises/real estate, R.E.P). I surely have every reason to own this Co.and have deep sleep while U worry about a price that i'm glad to buy cheaper

See, I knew you could do better. But the question is does KenGen actually have the power to supply the underserved market?

Sure KPLC's connections are rising but just how much of the supply is coming from KenGen? Other than the new KIPEVU thermal commissioned earlier this year (or was it?), what additional power has KenGen brought into the grid? And isn't this somewhat negated by the drop (or anticipated drop) in the hydropower throughput as the drought continues to rage on?

KenGen aint a monkey, and I never said it is. In the long run KenGen will make you money but one could have said the same when KenGen was trading at Kshs 19. And in the long run I can mention at least 10 other companies that I believe will make me a lot more money than KenGen.

For now, I am thinking in the short term. I am seeing some opportunity in KenGen - just trying to determine the point at which I strike. I can almost smell it. It's that close. No long term position for me in this. Just imagine if I bought it tomorrow at 11.50 and it gets back to 15. I will be out with my money while leaving those whose average price is 15 still holding on, waiting for the long term.

Amen.