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Kengen FY16
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Ericsson
#71 Posted : Wednesday, November 09, 2016 7:54:37 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Just gone through the annual reports.
Institutional investors bought big time during the rights issue.
GoK shareholding is now at 73.92%.
Though the company has alot of debt to pay between 2019 and 2026.
The PIBO amount due is ksh.10.78bn due in 2019
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#72 Posted : Wednesday, November 09, 2016 8:10:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Just gone through the annual reports.
Institutional investors bought big time during the rights issue.
GoK shareholding is now at 73.92%.
Though the company has alot of debt to pay between 2019 and 2026.
The PIBO amount due is ksh.10.78bn due in 2019

The PIBO is not an big deal for KenGen since it pays out 1/16 (of the original amount) every 6 months rather than a bullet payment. If they launched another similar PIBO at 12-13%, I think it would sell like hotcakes.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#73 Posted : Wednesday, November 09, 2016 8:27:07 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@VVS
Bear in mind that also other debts which mature in that period of 2019-2026 will require servicing.
KENGEN will be spending about ksh.12bn in repayments each year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#74 Posted : Wednesday, November 09, 2016 8:54:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
@VVS
Bear in mind that also other debts which mature in that period of 2019-2026 will require servicing.
KENGEN will be spending about ksh.12bn in repayments each year
I kept my comments to the PIBO [& that a new one would be attractive at this time]. As for their other debts, I know little coz I stay away from all GoK firms except cash-rich KenRe.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kawi254
#75 Posted : Thursday, November 10, 2016 12:15:29 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
NSSF used to be No.2 shareholder in Kengen but now no longer in Top 20.
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hisah
#76 Posted : Thursday, November 10, 2016 3:50:30 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
Just gone through the annual reports.
Institutional investors bought big time during the rights issue.
GoK shareholding is now at 73.92%.
Though the company has alot of debt to pay between 2019 and 2026.
The PIBO amount due is ksh.10.78bn due in 2019

The rights issue promised dividends. Now there's a drought and price is sub rights issue. Any hot money would offload this junk!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mzitoaggrey
#77 Posted : Thursday, November 10, 2016 10:18:42 AM
Rank: New-farer

Joined: 8/19/2015
Posts: 25
What makes KQ more valued than KENGEN yet KQ has negative equity,asking for myself.
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Ebenyo
#78 Posted : Thursday, November 10, 2016 2:28:33 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
mzitoaggrey wrote:
What makes KQ more valued than KENGEN yet KQ has negative equity,asking for myself.


There are more kq shares in the market than kengen.
Speculators relie on the technical aspects of the stock.Hence they find much volumes and liquidity in kq.This is in contrast with kengen free float shares of 30%.
Towards the goal of financial freedom
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Ericsson
#79 Posted : Thursday, November 10, 2016 2:34:39 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@Ebenyo
Are you sure with your statement.
30% of the issued shares of KENGEN is more than 100% of KQ issued shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#80 Posted : Thursday, November 10, 2016 2:58:43 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
@Ebenyo
Are you sure with your statement.
30% of the issued shares of KENGEN is more than 100% of KQ issued shares


Gok owns 70% of kengen while it owns 29% of Kq.That leaves 30% and 71% freet float of shares respectively.
Towards the goal of financial freedom
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