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Kengen FY16
Pesa Nane
#1 Posted : Wednesday, October 19, 2016 8:34:51 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Special Thread for the "special" FY results Sad

Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Wednesday, October 19, 2016 8:47:54 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Operational Overview:

15MW of wellhead power plants added to the fleet.
Total installed capacity 1,623MW
9MW off-grid thermal power decommissioned (Garissa and Lamu)

Electricity sales grew 11% to 7,819GWh thanks to:
Hydro +14% to 3,784GWh
Geo +14% to 3,543GWh
Thermal -25% to 435GWh
Wind +54% to 57GWh

Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#3 Posted : Wednesday, October 19, 2016 9:10:14 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Financial Overview:

Elec revenue +15% to Ksh. 29,544 million

Capacity revenue +11% to Ksh. 21.262 Bn
Energy revenue +24% to Ksh. 7.672Bn
Forex recovery +107% to Ksh. 610 Mn
Steam revenue + 85.8% to Ksh. 6.856Bn
Other income +232% to Ksh. 2.21Bn

Total Revenue +29% to Ksh. 38.61Bn
Boosted by new geo capacity, steam and commercial drilling services

Operating expenses +6% to ksh. 8.948Bn
Depreciation and amortization expenses +58%

EBITDA +49% on improved revenues
EBIT +43% to Ksh. 16.271Bn

Compensating tax Ksh. 2.431Bn
Compensating tax = provision that arose from payment of dividends of Ksh. 5,735Mn paid to GOK in accordance with Section 7A(5) of the Income Tax Act Cap 470

PBT +30% to Ksh. 11.264Bn
PAT -41% to Ksh. 6.743Bn Sad

Total assets +7% to Ksh. 367Bn
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#4 Posted : Wednesday, October 19, 2016 9:12:49 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
NIL dividends Sad
Pesa Nane plans to be shilingi when he grows up.
mkate_nusu
#5 Posted : Wednesday, October 19, 2016 9:33:11 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
Pesa Nane wrote:
NIL dividends Sad


the 75 cents dividend rumors was just PPT
KEGN, KPLC, KQ, SCOM
Ebenyo
#6 Posted : Wednesday, October 19, 2016 9:59:57 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Pesa Nane wrote:
NIL dividends Sad


pesa nane,are u sure? i hear investor briefing on friday.Will announce dividend their.
Towards the goal of financial freedom
mkate_nusu
#7 Posted : Wednesday, October 19, 2016 10:26:12 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
Pesa Nane wrote:
NIL dividends Sad


pesa nane,are u sure? i hear investor briefing on friday.Will announce dividend their.


Ebenyo results are already out: investor briefing is just for PR and answering any questions from reporters.

here is the signed transcript of the results

Dividend
In view of pipeline of projects enumerated above, the Board of Directors does not recommend payment of dividends for the year.
We take this opportunity to thank the shareholders, the Government of Kenya, County Governments, Business Partners and other stakeholders for their unwavering support which has enabled KenGen to provide clean, affordable energy for the nation and enabled us to realize impressive growth in the current year.
BY ORDER OF THE BOARD
ENG. ALBERT MUGO, MBS
MANAGING DIRECTOR & CEO
19 October 2016
KEGN, KPLC, KQ, SCOM
mkate_nusu
#8 Posted : Wednesday, October 19, 2016 10:28:09 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
KENGEN FY results

LINK
KEGN, KPLC, KQ, SCOM
Angelica _ann
#9 Posted : Wednesday, October 19, 2016 10:38:04 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Let admin migrate our already contribution on KENGEN results 2016 here
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mlennyma
#10 Posted : Thursday, October 20, 2016 4:21:18 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Pesa Nane wrote:
NIL dividends Sad

the massage to have a successful rights is over now the reality will Come in, it's bleeding time
"Don't let the fear of losing be greater than the excitement of winning."
Plimsoul
#11 Posted : Thursday, October 20, 2016 8:46:59 PM
Rank: Member


Joined: 3/3/2016
Posts: 132
mlennyma wrote:
Pesa Nane wrote:
NIL dividends Sad

the massage to have a successful rights is over now the reality will Come in, it's bleeding time


Probably means a dividend drought until at least 2020, according to their plans for new plants.

They should have prepared us better for this.
mlennyma
#12 Posted : Thursday, October 20, 2016 9:12:05 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Plimsoul wrote:
mlennyma wrote:
Pesa Nane wrote:
NIL dividends Sad

the massage to have a successful rights is over now the reality will Come in, it's bleeding time


Probably means a dividend drought until at least 2020, according to their plans for new plants.

They should have prepared us better for this.

luckily enough They can comfortably pay their debts and ignore the shareholders
"Don't let the fear of losing be greater than the excitement of winning."
mikanjoroge
#13 Posted : Friday, October 21, 2016 1:43:09 AM
Rank: New-farer


Joined: 6/13/2016
Posts: 47
Location: kenya
According to their rights issue information memorandum it says:

The Company targets a dividend payout ratio of up to one third (33%) of the Company’s profit before tax or up to 50% of the Company’s profits
after tax.
The dividend payout may however vary depending on the Company’s performance, liquidity and investment plans as determined by
the Board. The policy has been effective since 30th June 2012 and is reviewed regularly"


From Page 37:
http://www.kengen.co.ke/...tion%20Memorandum_0.pdf

I didn't know vary can equal 0.

sparkly
#14 Posted : Friday, October 21, 2016 4:06:40 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mkate_nusu wrote:
Ebenyo wrote:
Pesa Nane wrote:
NIL dividends Sad


pesa nane,are u sure? i hear investor briefing on friday.Will announce dividend their.


Ebenyo results are already out: investor briefing is just for PR and answering any questions from reporters.

here is the signed transcript of the results

Dividend
In view of pipeline of projects enumerated above, the Board of Directors does not recommend payment of dividends for the year.
We take this opportunity to thank the shareholders, the Government of Kenya, County Governments, Business Partners and other stakeholders for their unwavering support which has enabled KenGen to provide clean, affordable energy for the nation and enabled us to realize impressive growth in the current year.
BY ORDER OF THE BOARD
ENG. ALBERT MUGO, MBS
MANAGING DIRECTOR & CEO
19 October 2016


Stupid CEO he will be the next to go after Ngunze.


Life is short. Live passionately.
Angelica _ann
#15 Posted : Friday, October 21, 2016 5:12:55 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
mikanjoroge wrote:
According to their rights issue information memorandum it says:

The Company targets a dividend payout ratio of up to one third (33%) of the Company’s profit before tax or up to 50% of the Company’s profits
after tax.
The dividend payout may however vary depending on the Company’s performance, liquidity and investment plans as determined by
the Board. The policy has been effective since 30th June 2012 and is reviewed regularly"


From Page 37:
http://www.kengen.co.ke/...tion%20Memorandum_0.pdf

I didn't know vary can equal 0.


smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
moneydust
#16 Posted : Friday, October 21, 2016 9:54:56 AM
Rank: Member


Joined: 1/31/2007
Posts: 303
sparkly wrote:
mkate_nusu wrote:
Ebenyo wrote:
Pesa Nane wrote:
NIL dividends Sad


pesa nane,are u sure? i hear investor briefing on friday.Will announce dividend their.


Ebenyo results are already out: investor briefing is just for PR and answering any questions from reporters.

here is the signed transcript of the results

Dividend
In view of pipeline of projects enumerated above, the Board of Directors does not recommend payment of dividends for the year.
We take this opportunity to thank the shareholders, the Government of Kenya, County Governments, Business Partners and other stakeholders for their unwavering support which has enabled KenGen to provide clean, affordable energy for the nation and enabled us to realize impressive growth in the current year.
BY ORDER OF THE BOARD
ENG. ALBERT MUGO, MBS
MANAGING DIRECTOR & CEO
19 October 2016


Stupid CEO he will be the next to go after Ngunze.




Ordinary shareholders must be ready to speak out against such incompetent managers!!!
moneydust
#17 Posted : Friday, October 21, 2016 9:58:10 AM
Rank: Member


Joined: 1/31/2007
Posts: 303
Angelica _ann wrote:
mikanjoroge wrote:
According to their rights issue information memorandum it says:

The Company targets a dividend payout ratio of up to one third (33%) of the Company’s profit before tax or up to 50% of the Company’s profits
after tax.
The dividend payout may however vary depending on the Company’s performance, liquidity and investment plans as determined by
the Board. The policy has been effective since 30th June 2012 and is reviewed regularly"


From Page 37:
http://www.kengen.co.ke/...tion%20Memorandum_0.pdf

I didn't know vary can equal 0.


smile


Hapa tumecheswa..this is clearly fraud- (Obtaining money by false pretence).This people must go..watupe mapeni yetu or there will be no peace.
Ebenyo
#18 Posted : Friday, October 21, 2016 10:24:20 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Before the rights issue,the total kengen shares were 6,243,873,667.Then the 2:1 came.The subscription was 92 percent.Could somebody pliz tell me how much outstanding share we have now?
Towards the goal of financial freedom
mlennyma
#19 Posted : Friday, October 21, 2016 10:45:25 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
I can't buy above 5bob
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#20 Posted : Friday, October 21, 2016 11:20:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
@Ebenyo
Before the rights issue the total number of Kengen shares was 2,198,361,456.
The total number of shares issued during the rights issue was 4,396,722,912.
The rights issue attained a performance of 92% which translates to 4,045,512,323.
The outstanding shares we have now is 6,243,873,779.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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