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KENGEN HY17
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Ericsson
#31 Posted : Thursday, March 23, 2017 6:01:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
murchr wrote:
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



Link of the information;
http://www.kengen.co.ke/...Allotment%20to%20PIC.PDF
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#32 Posted : Thursday, March 23, 2017 6:02:38 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
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 KAA CEO is from Norway (haven't seen/heard of His impact though). I think to manage a company like KenGen GOK should have minimum qualification of having managed a company of similar size & revenues before. Not some mid-level management diaspora Kenyans

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.
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Ericsson
#33 Posted : Thursday, March 23, 2017 6:05:15 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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 will be back in the top 10 shareholder list at their right time
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Ericsson
#34 Posted : Thursday, March 23, 2017 6:08:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
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 KAA CEO is from Norway (haven't seen/heard of His impact though). I think to manage a company like KenGen GOK should have minimum qualification of having managed a company of similar size & revenues before. Not some mid-level management diaspora Kenyans
The advert by PWC in the newspapers/dailies for the CEO stated those minimum qualifications as mandatory

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.



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Ericsson
#35 Posted : Wednesday, April 05, 2017 5:40:54 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
6.55 is a barrier limit for this counter.
It has been unable to breach the mark since after the rights issue
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sparkly
#36 Posted : Wednesday, April 05, 2017 5:48:42 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
6.55 is a barrier limit for this counter.
It has been unable to breach the mark since after the rights issue


Buyers and sellers still dancing the tango. The bear is not helping.
Life is short. Live passionately.
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sparkly
#37 Posted : Wednesday, April 05, 2017 5:50:18 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
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 will be back in the top 10 shareholder list at their right time


The fools will buy back from PIC at a premium.
Life is short. Live passionately.
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Ericsson
#38 Posted : Wednesday, April 05, 2017 6:21:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
PIC ain't going any where for now.
They have a lot of funds and with south African economy being volatile due to Zumanomics;they are looking at alternative mkts
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Ebenyo
#39 Posted : Thursday, April 06, 2017 10:40:06 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
PIC ain't going any where for now.
They have a lot of funds and with south African economy being volatile due to Zumanomics;they are looking at alternative mkts


i can see they are buying more.They will surely
bring in some quality to the company.
Towards the goal of financial freedom
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Ericsson
#40 Posted : Thursday, April 06, 2017 10:58:25 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Their target is to reach 10% shareholding and get a board seat
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