Wazua
»
Investor
»
Stocks
»
KenGen HY 2019
Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
|
kenyan2019 wrote:https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20 Auditor General jee Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: New-farer Joined: 12/30/2018 Posts: 94
|
Ericsson wrote:kenyan2019 wrote:https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20 Auditor General jee Dalili ya mvua ni mawingu !! 
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:sparkly wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible How much idle cash does Kengen have? We the shareholders had to double our investment in the company to shore up the reserves.  Exactly! Which "idle cash" when there are huge loans to pay? Also KE needs more baseload power and KenGen should reinvest funds in viable projects. These are pricey. They take a long time to come online. If KPLC falters in making timely payments then KenGen needs cash to pay its obilgations. Going into 2020, I have moved to cash-rich firms or low debt:equity firms. No more ARMs. Even my sole GoK holding is KenRe with lots of cash. Our investments will be raided to bail out KQ and pay @Obiero. Life is short. Live passionately.
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
|
FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
|
watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
|
Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,929
|
kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. So they pay the special dividend, then run back to the same Government to give them guarantees to borrow for future capital expenditures and expansion. Doesn't make sense to me, watching from the sidelines In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
|
kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 8/6/2018 Posts: 299
|
Ericsson wrote:kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
|
KaunganaDoDo wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
|
The alternative to special dividend is outright technical default on notes surrendered by parastatals...
|
|
|
Rank: Member Joined: 8/6/2018 Posts: 299
|
Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default...
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
|
KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,929
|
Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,265 Location: Nairobi
|
Angelica _ann wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans.  Do not blame the IMF for your failures. #KumiraKumira Is GoK approaching the IMF for a facility or is the IMF forcing it onto GoK at gunpoint? It's like going to a bank for a loan after blowing your cash (& taking on huge loans) on building a brand-new unnecessarily fancy and over-sized roof on your hut when repairing your simple roof would have worked just as well. And paying for planning and designing a pond on sandy soil. Then keeping a fleet of taxis that lose money year in, year out because it makes you look prosperous. Not to forget hiring your relatives and drinking buddies to manage your businesses. Fancy roof = SGR Simple roof = NGR Pond = Kimwarer Taxis = KQ Relatives = Relatives Businesses = Take your pick Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
|
VituVingiSana wrote:Angelica _ann wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:watesh wrote:FUNKY wrote:https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html
Kengen issuing a special dividend is highly possible This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought Let's wait and see If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day. At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows. World Bank/IMF is next year. IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions. One of the conditions was to repeal interest rates cap law The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default... They do to avoid governments from crowding out private sector in borrowing from the domestic market. This is in countries which have wide budget deficits IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans. Do not blame the IMF for your failures. #KumiraKumira Is GoK approaching the IMF for a facility or is the IMF forcing it onto GoK at gunpoint? It's like going to a bank for a loan after blowing your cash (& taking on huge loans) on building a brand-new unnecessarily fancy and over-sized roof on your hut when repairing your simple roof would have worked just as well. And paying for planning and designing a pond on sandy soil. Then keeping a fleet of taxis that lose money year in, year out because it makes you look prosperous. Not to forget hiring your relatives and drinking buddies to manage your businesses. Fancy roof = SGR Simple roof = NGR Pond = Kimwarer Taxis = KQ Relatives = Relatives Businesses = Take your pick Very true vvs,Gok is the one approaching IMF. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
|
kenyan2019 wrote:Ericsson wrote:kenyan2019 wrote:https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20 Auditor General jee Dalili ya mvua ni mawingu !! https://www.businessdail...57606-13rpbwh/index.htmlIf it don't make dollars, it don't make sense
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
|
Masinga dam to spill over in the next two days Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Ericsson wrote:Masinga dam to spill over in the next two days Link? Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,929
|
Balaa wrote:kenyan2019 wrote:Ericsson wrote:[quote=kenyan2019]https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20 Auditor General jee Dalili ya mvua ni mawingu !! https://www.businessdail...7606-13rpbwh/index.html[/quote] 30th November is Saturday, postponement of results announcement imminent. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Wazua
»
Investor
»
Stocks
»
KenGen HY 2019
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|