mwanahisa wrote:Back to KenGen, their 2010-11 H1 commentary appears to bear you out in so far as power supply, especially the hydro position is concerned. I note that KenGen reported a 61% increase in unit sales between Dec 2009 and Dec 2010.
KIPEVU II, 120 MW; and Wellhead Technology, 5 MW were to be commissioned in March 2011. Tana additional 20 MW was also ready for commissioning in March. If all this came to pass, KenGen would certainly appear to have been able to supply more power in 2011 vis-a-vis 2010.
Of course, I have also noted that costs also increased significantly esp. due to additional depreciation and financing costs.
All said and done, it looks like the price may have dropped sufficiently for my short term play. The share has certainly been punished heavily.
Now where are the technicians to support/dispute my intuition? QW, Hisah, SPT come on!
@Mwanahisa. After it fell from 15.60 to 13.70, i jumped in ( as a trader, for the rebound- u know how we do!).
But alas the thing has been heavily punished further since. Honestly im surprised it has come this low.
The last one year low was 12.95, and i thought that's where it would bottom out or there abouts.
I normally get weary when im trading a stock and it goes below where it normally bounces from. that said, i would be very surprised(read as fingers crossed) if it would go any lower. whatever happened to co-op,am hoping will happen to this.
The investor's chief problem - and even his worst enemy - is likely to be himself