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Kengen success
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guru267
#341 Posted : Wednesday, May 25, 2016 2:24:54 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
MadDoc wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
Realcement wrote:
True value of Kengen to be known after listing the rights shares.
Watch out Aug to Oct 2016.
I still maintain 4.00 bob post rights

When the shares flood the market, things will get messy.

the only hope is that govt will not trade their rights soon otherwise it could even hit 3bob when rights hit the market

This govt rarely sells stock, so there wont be excessive flooding.

With 70% ownership and at current stock price they would only offload their stake to an INSTITUTIONAL investor at a premium


If only GE would place a bid at Book value price of 27 bob.
Mark 12:29
Deuteronomy 4:16
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kawi254
#342 Posted : Wednesday, May 25, 2016 4:01:16 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Blonde question:

Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.

However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?

ignore that Govts 20 B is debt convertion.
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VituVingiSana
#343 Posted : Wednesday, May 25, 2016 4:15:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
guru267 wrote:
MadDoc wrote:
watesh wrote:
mlennyma wrote:
watesh wrote:
Realcement wrote:
True value of Kengen to be known after listing the rights shares.
Watch out Aug to Oct 2016.
I still maintain 4.00 bob post rights

When the shares flood the market, things will get messy.

the only hope is that govt will not trade their rights soon otherwise it could even hit 3bob when rights hit the market

This govt rarely sells stock, so there wont be excessive flooding.

With 70% ownership and at current stock price they would only offload their stake to an INSTITUTIONAL investor at a premium


If only GE would place a bid at Book value price of 27 bob.

The folks at GE aren't stupid.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#344 Posted : Wednesday, May 25, 2016 8:51:19 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
kawi254 wrote:
Blonde question:

Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.

However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?

ignore that Govts 20 B is debt convertion.


Can't add capitalisation to Shareholders funds.

current amount of shareholders is quite high, I think 60B or so.

At the end of the rights 28.8B will be added to shareholders funds.
Life is short. Live passionately.
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Aguytrying
#345 Posted : Wednesday, May 25, 2016 9:34:17 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Ericsson wrote:
@watesh
There will be a increase in dividend in terms of the amount/payout this year


Isn't this ironical considering kengen Is now asking for money
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#346 Posted : Wednesday, May 25, 2016 11:11:32 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sparkly wrote:
kawi254 wrote:
Blonde question:

Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.

However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?

ignore that Govts 20 B is debt convertion.


Can't add capitalisation to Shareholders funds.

current amount of shareholders is quite high, I think 60B or so.

At the end of the rights 28.8B will be added to shareholders funds.


Shareholder funds will be about KES 180 Bn after the rights issue
Mark 12:29
Deuteronomy 4:16
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obiero
#347 Posted : Thursday, May 26, 2016 7:48:54 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
guru267 wrote:
sparkly wrote:
kawi254 wrote:
Blonde question:

Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.

However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?

ignore that Govts 20 B is debt convertion.


Can't add capitalisation to Shareholders funds.

current amount of shareholders is quite high, I think 60B or so.

At the end of the rights 28.8B will be added to shareholders funds.


Shareholder funds will be about KES 180 Bn after the rights issue

This is a tragedy. Based on analysis I will wait out the storm and buy postissuance

KQ ABP 4.26
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  | | Edit by user: Thursday, May 26, 2016 7:50 AM | Reason: Not specified
enyands
#348 Posted : Thursday, May 26, 2016 7:51:25 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
obiero wrote:
guru267 wrote:
sparkly wrote:
kawi254 wrote:
Blonde question:

Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.

However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?

ignore that Govts 20 B is debt convertion.


Can't add capitalisation to Shareholders funds.

current amount of shareholders is quite high, I think 60B or so.

At the end of the rights 28.8B will be added to shareholders funds.


Shareholder funds will be about KES 180 Bn after the rights issue

This is a tragedy. Based on analysis I will wait out the storm and buy postissuance



I second you in this man obi
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Ericsson
#349 Posted : Thursday, May 26, 2016 8:01:29 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@Aguytrying
The increase in dividend will be about 500-600mn compared to the cash for projects being raised of sh.28.8bn.
So no alarm here since the real profits will also be higher
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#350 Posted : Thursday, May 26, 2016 8:11:19 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
"If fully subscribed, the number of new issued shares shall be 6,595,084,368 with GOK controlling 70% or 4,616,559,058 shares. The new pro- forma theore cal equity capitalization of KenGen would be Kshs 174.61 billion immediately post-Rights Issue."

That's a lot of shares with non-GoK shareholders BUT control will remain with GoK. Good luck to KenGen shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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