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Kengen FY16
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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hisah wrote:hisah wrote: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! Stated back in November 10 2016.
Since the year started this counter has had a vol spike traded between 5.70 and 6.00 of 100M shares, which also happens to be the all time high vol churn. Since then the price has tanked and now looks poised to break below 5.00 handle as it continues to set all time lows.
Anyone that had bought into the rights issue promises has been cleaned out 
@sparkly are you still holding this skunk? The drought has worsened the situation. Reduced hydro power generation= reduce revenues Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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hisah wrote:hisah wrote: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! Stated back in November 10 2016.
Since the year started this counter has had a vol spike traded between 5.70 and 6.00 of 100M shares, which also happens to be the all time high vol churn. Since then the price has tanked and now looks poised to break below 5.00 handle as it continues to set all time lows.
Anyone that had bought into the rights issue promises has been cleaned out
@sparkly are you still holding this skunk? When is the right time to join this junk? Millionaires are made by boarding "junks" which have solind pundamendoz! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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What did they say the Rights issue was for again? I read the GOK has shelved the 5K power production "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:hisah wrote: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! Stated back in November 10 2016.
Since the year started this counter has had a vol spike traded between 5.70 and 6.00 of 100M shares, which also happens to be the all time high vol churn. Since then the price has tanked and now looks poised to break below 5.00 handle as it continues to set all time lows.
Anyone that had bought into the rights issue promises has been cleaned out
@sparkly are you still holding this skunk? watching keenly for my next move. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Another GoK owned/controlled firm. Not on my investable list. Those in it you have my sympathies. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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murchr wrote:What did they say the Rights issue was for again? I read the GOK has shelved the 5K power production Geothermal.....Kenya Power will buy it all and pass the cost down to consumers
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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hisah wrote:winmak wrote:hisah wrote:All time high volume spike at 5.90. This one goes into my watch list immediately. What is the likely direction? The market will tell us in coming weeks. looks like the direction is south KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mkate_nusu wrote:hisah wrote:winmak wrote:hisah wrote:All time high volume spike at 5.90. This one goes into my watch list immediately. What is the likely direction? The market will tell us in coming weeks. looks like the direction is south Most def, 5 bob will not hold. Life is short. Live passionately.
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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sparkly wrote:mkate_nusu wrote:hisah wrote:winmak wrote:hisah wrote:All time high volume spike at 5.90. This one goes into my watch list immediately. What is the likely direction? The market will tell us in coming weeks. looks like the direction is south Most def, 5 bob will not hold. 4.95 huge volumes tested KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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mkate_nusu wrote:sparkly wrote:mkate_nusu wrote:hisah wrote:winmak wrote:hisah wrote:All time high volume spike at 5.90. This one goes into my watch list immediately. What is the likely direction? The market will tell us in coming weeks. looks like the direction is south Most def, 5 bob will not hold. 4.95 huge volumes tested The rights issue in nse are terrible or hoaxes. Shafting on top gear. The rules must be and shall be adhered to in earnest. Ge kume! Kila mtu na kufunda yake. ,Behold, a sower went forth to sow;....
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