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Kengen FY 2017
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Ericsson
#41 Posted : Tuesday, November 07, 2017 11:45:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
wukan wrote:
Ericsson wrote:
With the current heavy rains in the country hydro power production will be good in the second half


The Kenya power annual report has interesting stats on the regional maximum power demand Nairobi dropped from 842Mw to 831Mw demand is increasing in Coast and western

Overall power demand increase has dropped from a high 9.5% in 2012/2013 to 4.4%


Nairobi has no last mile projects.

Factories closing down and downsizing in Nairobi
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VituVingiSana
#42 Posted : Wednesday, November 08, 2017 9:33:58 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,054
Location: Nairobi
Ericsson wrote:
wukan wrote:
Ericsson wrote:
With the current heavy rains in the country hydro power production will be good in the second half


The Kenya power annual report has interesting stats on the regional maximum power demand Nairobi dropped from 842Mw to 831Mw demand is increasing in Coast and western

Overall power demand increase has dropped from a high 9.5% in 2012/2013 to 4.4%


Nairobi has no last mile projects.

Factories closing down and downsizing in Nairobi

Yes! Factories [esp cement, steel, refining] are the large consumers of power not those 200/- per month consumers the KPLC has been boasting about connecting to the grid.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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lochaz-index
#43 Posted : Wednesday, November 08, 2017 4:37:21 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
VituVingiSana wrote:
Ericsson wrote:
wukan wrote:
Ericsson wrote:
With the current heavy rains in the country hydro power production will be good in the second half


The Kenya power annual report has interesting stats on the regional maximum power demand Nairobi dropped from 842Mw to 831Mw demand is increasing in Coast and western

Overall power demand increase has dropped from a high 9.5% in 2012/2013 to 4.4%


Nairobi has no last mile projects.

Factories closing down and downsizing in Nairobi

Yes! Factories [esp cement, steel, refining] are the large consumers of power not those 200/- per month consumers the KPLC has been boasting about connecting to the grid.

Industrial and commercial consumption was either flat or down. KE may find itself with a lot of idle power capacity if the situation is not attended to. Not to mention the resultant increase in idle capacity charges.
The main purpose of the stock market is to make fools of as many people as possible.
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Ericsson
#44 Posted : Tuesday, November 14, 2017 5:12:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
As per the Annual Report 2017 PIC owns 9.6% of KENGEN
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Ericsson
#45 Posted : Thursday, November 23, 2017 12:32:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
KENGEN seeks to add 720MW from sustainable sources by 2022 and generate at least 2,500MW of geothermal power by 2025.

KenGen has advised shareholders that they will not give dividends but instead invest them

#KengenAGM2017
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Ericsson
#46 Posted : Thursday, November 23, 2017 1:50:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
https://www.kahawatungu....rs-frustrated-dividends/
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kawi254
#47 Posted : Thursday, November 23, 2017 4:04:57 PM
Rank: Member


Joined: 2/20/2015
Posts: 465
Location: Nairobi
Ericsson wrote:
https://www.kahawatungu.com/2017/11/23/kengen-shareholders-frustrated-dividends/



The current board members have no skin in the game (as @VituVingiSana would say) but i bet they have gotten their relatives/girlfriends employed at KenGen but won't invest a dime in it. Pity the old retirees that were depended on KenGen dividend.


Below number of shares held by each of the Board members:

Joshua Choge (14,700)
Henry Rotich (0)
Joseph Njoroge (0)
Dorcas Kombo (150,000)
Ziporah Ndegwa (1,400)
William Mbaka (0)
Musa Arusei (0)
Kairu Bachia (213,000)
Joseph Sitati (0)
Maurice Nduranu (10,900)
Humphrey Muhu (7,436)
Phyllis Kemunto Wakiaga (336)

Previous KenGen CEO Albert Mugo had 2,203,593 shares...quite commendable.

One shareholder, Mr. Kimotho said "We have looked at you emoluments and note that if you go without a dividend, it is not a big deal as you have the emoluments"
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wukan
#48 Posted : Thursday, November 23, 2017 4:20:09 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
Ericsson wrote:
https://www.kahawatungu.com/2017/11/23/kengen-shareholders-frustrated-dividends/


'A responsible board that wants to grow shareholder wealth' Tell that to the guy who bought the Kengen IPO @11.90 sunk more into the rights issue. Wealth!! A 1/8 plot would have been a better investment.
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the deal
#49 Posted : Friday, November 24, 2017 11:10:07 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
What is PIC's target here? Can the Kenyan Government ced a significant stake to PIC? The entry of PIC changes alot of things!
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Ericsson
#50 Posted : Friday, November 24, 2017 11:25:24 AM
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Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
the deal wrote:
What is PIC's target here? Can the Kenyan Government ced a significant stake to PIC? The entry of PIC changes alot of things!

PIC is managed and controlled by the South African Government.
PIC target is to meet the south Africans target of of having significant stake and say in Sub-saharan countries economies
Wealth is built through a relatively simple equation
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the deal
#51 Posted : Friday, November 24, 2017 12:07:42 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Ericsson wrote:
the deal wrote:
What is PIC's target here? Can the Kenyan Government ced a significant stake to PIC? The entry of PIC changes alot of things!

PIC is managed and controlled by the South African Government.
PIC target is to meet the south Africans target of of having significant stake and say in Sub-saharan countries economies

They need to buy up to 45%...replace some GoK Directors in the KenGen board... New ideas... Possibly connect to the Southern Africa Power Pool via Tanzania
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Ericsson
#52 Posted : Friday, November 24, 2017 1:15:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
the deal wrote:
Ericsson wrote:
the deal wrote:
What is PIC's target here? Can the Kenyan Government ced a significant stake to PIC? The entry of PIC changes alot of things!

PIC is managed and controlled by the South African Government.
PIC target is to meet the south Africans target of of having significant stake and say in Sub-saharan countries economies

They need to buy up to 45%...replace some GoK Directors in the KenGen board... New ideas... Possibly connect to the Southern Africa Power Pool via Tanzania


Kengen's work is to generate not transmit;
Board of Directors in most parastatals have very little say in the strategy of the company.They are normally used to reward cronies and give soft landings to others.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#53 Posted : Friday, November 24, 2017 2:01:49 PM
Rank: Member


Joined: 2/20/2015
Posts: 465
Location: Nairobi
Ericsson wrote:
the deal wrote:
Ericsson wrote:
the deal wrote:
What is PIC's target here? Can the Kenyan Government ced a significant stake to PIC? The entry of PIC changes alot of things!

PIC is managed and controlled by the South African Government.
PIC target is to meet the south Africans target of of having significant stake and say in Sub-saharan countries economies

They need to buy up to 45%...replace some GoK Directors in the KenGen board... New ideas... Possibly connect to the Southern Africa Power Pool via Tanzania


Kengen's work is to generate not transmit;
Board of Directors in most parastatals have very little say in the strategy of the company.They are normally used to reward cronies and give soft landings to others.



Energy Bill 2015 – creating market for power generators (currently in Senate) will allow KenGen to bypass Kenya Power and sell power directly to industial customers (Olkaria Industiral Park).

Once KETRACO's East Africa Power pool tranmission to Tanzania is complete and with Energy Bill 2015 passed KenGen can possibly sell power sale deal with a different country and sign transmission deal with KETRACO.
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Ericsson
#54 Posted : Thursday, December 21, 2017 3:45:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
https://www.businessdail...37382-5jcw16/index.html

A threat to kengen
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the deal
#55 Posted : Thursday, December 21, 2017 4:12:45 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Ericsson wrote:
https://www.businessdailyafrica.com/news/Ethiopia-signs--4bn-deal-for-1-000MW-geothermal-plants/539546-4237382-5jcw16/index.html

A threat to kengen

PIC is getting rostead in Steinhoff ...if they start selling to cover those losses ...this stock will sinksmile smile smile
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sparkly
#56 Posted : Thursday, December 21, 2017 4:12:49 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
https://www.businessdailyafrica.com/news/Ethiopia-signs--4bn-deal-for-1-000MW-geothermal-plants/539546-4237382-5jcw16/index.html

A threat to kengen


How is it a threat to Kengen?
Life is short. Live passionately.
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sparkly
#57 Posted : Thursday, December 21, 2017 4:21:51 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
the deal wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Ethiopia-signs--4bn-deal-for-1-000MW-geothermal-plants/539546-4237382-5jcw16/index.html

A threat to kengen

PIC is getting rostead in Steinhoff ...if they start selling to cover those losses ...this stock will sinksmile smile smile


Meaning?
Life is short. Live passionately.
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Ericsson
#58 Posted : Thursday, December 21, 2017 4:43:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
sparkly wrote:
the deal wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Ethiopia-signs--4bn-deal-for-1-000MW-geothermal-plants/539546-4237382-5jcw16/index.html

A threat to kengen

PIC is getting rostead in Steinhoff ...if they start selling to cover those losses ...this stock will sinksmile smile smile


Meaning?

Their investment is becoming worthless/losing value very fast
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#59 Posted : Thursday, December 21, 2017 5:46:20 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
the deal wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Ethiopia-signs--4bn-deal-for-1-000MW-geothermal-plants/539546-4237382-5jcw16/index.html

A threat to kengen

PIC is getting rostead in Steinhoff ...if they start selling to cover those losses ...this stock will sinksmile smile smile


Meaning?

Their investment is becoming worthless/losing value very fast


@Ericson if their investment in Steinhoff is being impaired, shouldn't they sell Steinhoff to stem the bleeding and invest the money in Kengen? I don't see why they should sell Kengen to stem the bleeding in Steinhoff.
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Ericsson
#60 Posted : Thursday, December 21, 2017 6:04:51 PM
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Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
@sparkly
They have reached their target in kengen.
Maybe they look for another counter
Wealth is built through a relatively simple equation
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