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KENGEN HY17
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Ebenyo
#21 Posted : Thursday, March 02, 2017 9:20:38 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
sparkly wrote:
[quote=Ebenyo]Reduced revenues is a clear indication Albert Mugo was not up to the task.Hopefuly the next ceo will steer the company ahead into vibrancy.


Look at the revenue breakdown.

Electricity revenue was flat.

Difference is lower steam revenue and commercial drilling revenue.


,................................................................. ... ..............................


do you foresee a dividend for FY 17 full results? last year we missed it for dubious reasons.
Towards the goal of financial freedom
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Horton
#22 Posted : Thursday, March 02, 2017 9:31:15 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ebenyo wrote:
sparkly wrote:
[quote=Ebenyo]Reduced revenues is a clear indication Albert Mugo was not up to the task.Hopefuly the next ceo will steer the company ahead into vibrancy.


Look at the revenue breakdown.

Electricity revenue was flat.

Difference is lower steam revenue and commercial drilling revenue.


,................................................................. ... ..............................


do you foresee a dividend for FY 17 full results? last year we missed it for dubious reasons.



Buyers market for real. If eps will be 1.3-1.5, that would be a PE of 4-5!

Only concern here for me is flatlining top line.
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kawi254
#23 Posted : Thursday, March 23, 2017 3:16:17 PM
Rank: Member

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


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen
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Chaka
#24 Posted : Thursday, March 23, 2017 3:26:46 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
So, does NSSF know something that PIC doesn't know or does PIC know something that NSSF doesn't know?
kawi254 wrote:


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen
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murchr
#25 Posted : Thursday, March 23, 2017 4:19:07 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
kawi254 wrote:


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen


Is there a possibility than KENGEN might* start exporting power to southern Africa?

*Pure speculation
"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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  | | Edit by user: Thursday, March 23, 2017 4:21 PM | Reason: Not specified
Ebenyo
#26 Posted : Thursday, March 23, 2017 4:53:45 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
What value does PIC bring to 1.kengen company 2.existing kengen shareholders.
Towards the goal of financial freedom
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kawi254
#27 Posted : Thursday, March 23, 2017 5:33:47 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ebenyo wrote:
What value does PIC bring to 1.kengen company 2.existing kengen shareholders.


1. With their shareholding (and they keep buying...) they will demand some board seats which means more hawk eyes oversight than current GOK appointees.

2. Kengen advertised CEO position in the ECONOMIST, this could be a pre-condition from PIC to recruit a CEO internationally.

3. Being a pension fund i believe they are in Kengen long term hence free float for Kengen at NSE reduces. Law of supply Vs demand will push share price upwards.

4. They can't be putting all that money and fail to get dividends...going forward i see KenGen going back to guaranteed dividends every year.
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Ebenyo
#28 Posted : Thursday, March 23, 2017 5:42:27 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
kawi254 wrote:
Ebenyo wrote:
What value does PIC bring to 1.kengen company 2.existing kengen shareholders.


1. With their shareholding (and they keep buying...) they will demand some board seats which means more hawk eyes oversight than current GOK appointees.

2. Kengen advertised CEO position in the ECONOMIST, this could be a pre-condition from PIC to recruit a CEO internationally.

3. Being a pension fund i believe they are in Kengen long term hence free float for Kengen at NSE reduces. Law of supply Vs demand will push share price upwards.

4. They can't be putting all that money and fail to get dividends...going forward i see KenGen going back to guaranteed dividends every year.



thats some good points kawi.i was bored when i missed a dividend last year.was thinking to dump the company but now i have some reasons to wait abit.I was waiting for full year results in october to make a decision but i think i should now be a little bit optimistic.
Towards the goal of financial freedom
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Ericsson
#29 Posted : Thursday, March 23, 2017 5:51:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Chaka wrote:
So, does NSSF know something that PIC doesn't know or does PIC know something that NSSF doesn't know?
kawi254 wrote:


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen



NSSF was there and exited because it wasn't seeing tangible returns on its investment.NSSF have been in KENGEN since 2007.
Compare the share price at that time and now.
PIC is looking at divesting its funds away from South Africa where returns have been low.It has seen KENGEN as an opportunity for growth based on its current share price and future expectations

I hope you have been seeing the news lately of south african companies snapping up assets in kenya e.g
Sanlam buying PineBridge
Old Mutual Properties investment in Two Rivers Mall (50% stake)
Old Mutual Life SA acquired UAP Holdings
Stanlib buying Greenspan Mall
Sanlam Kenya acquired Gateway Insurance
etc etc
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#30 Posted : Thursday, March 23, 2017 5:54:32 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
Ebenyo wrote:
What value does PIC bring to 1.kengen company 2.existing kengen shareholders.


1. With their shareholding (and they keep buying...) they will demand some board seats which means more hawk eyes oversight than current GOK appointees.

2. Kengen advertised CEO position in the ECONOMIST, this could be a pre-condition from PIC to recruit a CEO internationally.---GoK will have it's way as majority shareholder.Most likely the CEO will be Kenyan.Advertising on the economist was kenyans in the diaspora to be aware and apply

3. Being a pension fund i believe they are in Kengen long term hence free float for Kengen at NSE reduces. Law of supply Vs demand will push share price upwards.----Wanjiku slowly edged out

4. They can't be putting all that money and fail to get dividends...going forward i see KenGen going back to guaranteed dividends every year.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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