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Ebenyo
#411 Posted : Wednesday, June 01, 2016 9:04:04 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Aguytrying wrote:
Ebenyo wrote:
Ericsson wrote:
KENGEN share price is getting a bounce now at 6.70.
For the rights there are no buyers in the nkt.I see alot of shares lapsing and will be taken by those who plan to oversubscribe and large institutional investors during the rump up.

i had placed a bid at ksh6.50 on thursday.Today i checked my cds nothing.



PPT desperately trying to keep it above rights price. Going for 5 cents. Thats the clearest signal of undersubscription

@ Aguy,my bid has failed.But i dont understand why because on thursday when i placed the bid at 6.50 that was the last trade price on NSE website.it trade the same on friday.It changed on monday and yesterday.That means my asking price stood for two days i.e thursday and friday.Why didnt i get the shares at that price? They held my money for three days.I checked the money has been returned to my account today.Since i started investing in NSE in 2008 during safcom IPO i have never seen this trend.Let me know pliz.
Towards the goal of financial freedom
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whiteowl
#412 Posted : Wednesday, June 01, 2016 9:58:29 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Ebenyo wrote:
Aguytrying wrote:
Ebenyo wrote:
Ericsson wrote:
KENGEN share price is getting a bounce now at 6.70.
For the rights there are no buyers in the nkt.I see alot of shares lapsing and will be taken by those who plan to oversubscribe and large institutional investors during the rump up.

i had placed a bid at ksh6.50 on thursday.Today i checked my cds nothing.



PPT desperately trying to keep it above rights price. Going for 5 cents. Thats the clearest signal of undersubscription

@ Aguy,my bid has failed.But i dont understand why because on thursday when i placed the bid at 6.50 that was the last trade price on NSE website.it trade the same on friday.It changed on monday and yesterday.That means my asking price stood for two days i.e thursday and friday.Why didnt i get the shares at that price? They held my money for three days.I checked the money has been returned to my account today.Since i started investing in NSE in 2008 during safcom IPO i have never seen this trend.Let me know pliz.


You've already been answered.PPT
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Ebenyo
#413 Posted : Wednesday, June 01, 2016 11:05:53 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
whiteowl wrote:
Ebenyo wrote:
Aguytrying wrote:
Ebenyo wrote:
Ericsson wrote:
KENGEN share price is getting a bounce now at 6.70.
For the rights there are no buyers in the nkt.I see alot of shares lapsing and will be taken by those who plan to oversubscribe and large institutional investors during the rump up.

i had placed a bid at ksh6.50 on thursday.Today i checked my cds nothing.



PPT desperately trying to keep it above rights price. Going for 5 cents. Thats the clearest signal of undersubscription

@ Aguy,my bid has failed.But i dont understand why because on thursday when i placed the bid at 6.50 that was the last trade price on NSE website.it trade the same on friday.It changed on monday and yesterday.That means my asking price stood for two days i.e thursday and friday.Why didnt i get the shares at that price? They held my money for three days.I checked the money has been returned to my account today.Since i started investing in NSE in 2008 during safcom IPO i have never seen this trend.Let me know pliz.


You've already been answered.PPT

whats ppt?
Towards the goal of financial freedom
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VituVingiSana
#414 Posted : Thursday, June 02, 2016 1:03:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
KenGen seeks Sh5.8bn refund from State for geothermal wells
http://www.businessdaily...6/-/i11fre/-/index.html

"“This amount has been outstanding since 2013 and earmarked to be settled in the current fiscal year,” said KenGen managing director Albert Mugo." GoK raised 20bn juzi but KCB wants 7bn or so. KenGen wants 5.8bn. There are payments to be made for roads. And water projects. How will GoK pay everyone?

Then GoK says things like:
“This will be settled. Remember they also owe us money in form of dividends,” said Joseph Njoroge, Energy PS in charge of electricity. “The wells belong to the government and were developed using a loan facility which KenGen paid for on behalf of the government,” he added.

What does that mean? Why didn't GoK tell KenGen to offset the dividends since 2013? Or offset against Income Tax. Or VAT payments.

Anyway... To KenGen shareholders. Good Luck.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#415 Posted : Thursday, June 02, 2016 1:42:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Tactics of propping up the rights issue.
KENGEN has been feeding alot of news of late
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#416 Posted : Thursday, June 02, 2016 5:39:09 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
KenGen seeks Sh5.8bn refund from State for geothermal wells
http://www.businessdaily...6/-/i11fre/-/index.html

"“This amount has been outstanding since 2013 and earmarked to be settled in the current fiscal year,” said KenGen managing director Albert Mugo." GoK raised 20bn juzi but KCB wants 7bn or so. KenGen wants 5.8bn. There are payments to be made for roads. And water projects. How will GoK pay everyone?

Then GoK says things like:
“This will be settled. Remember they also owe us money in form of dividends,” said Joseph Njoroge, Energy PS in charge of electricity. “The wells belong to the government and were developed using a loan facility which KenGen paid for on behalf of the government,” he added.

What does that mean? Why didn't GoK tell KenGen to offset the dividends since 2013? Or offset against Income Tax. Or VAT payments.

Anyway... To KenGen shareholders. Good Luck.


The amount we will never be refunded. But that will not kill Kengen. Is it not using those same wells to generate electricity? Is there a chance that GDC will take away those wells and sell to some other parties?

Kengen is a majority taxpayer owned company, let's not pretend that it deals with GOK, Treasury, GDC, Ketraco, Kenya Power, KWS strictly at arms length as would the IPPs.
Life is short. Live passionately.
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VituVingiSana
#417 Posted : Thursday, June 02, 2016 8:24:50 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
KenGen seeks Sh5.8bn refund from State for geothermal wells
http://www.businessdaily...6/-/i11fre/-/index.html

"“This amount has been outstanding since 2013 and earmarked to be settled in the current fiscal year,” said KenGen managing director Albert Mugo." GoK raised 20bn juzi but KCB wants 7bn or so. KenGen wants 5.8bn. There are payments to be made for roads. And water projects. How will GoK pay everyone?

Then GoK says things like:
“This will be settled. Remember they also owe us money in form of dividends,” said Joseph Njoroge, Energy PS in charge of electricity. “The wells belong to the government and were developed using a loan facility which KenGen paid for on behalf of the government,” he added.

What does that mean? Why didn't GoK tell KenGen to offset the dividends since 2013? Or offset against Income Tax. Or VAT payments.

Anyway... To KenGen shareholders. Good Luck.


The amount we will never be refunded. But that will not kill Kengen. Is it not using those same wells to generate electricity? Is there a chance that GDC will take away those wells and sell to some other parties?

Kengen is a majority taxpayer owned company, let's not pretend that it deals with GOK, Treasury, GDC, Ketraco, Kenya Power, KWS strictly at arms length as would the IPPs.


How will KenGen deal with the non-majority shareholders?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#418 Posted : Thursday, June 02, 2016 1:02:44 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Rights Supply 9.5 million; Demand 0
Life is short. Live passionately.
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nashx
#419 Posted : Thursday, June 02, 2016 1:17:32 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
sparkly wrote:
Rights Supply 9.5 million; Demand 0

And tomorrow is the last day to trade...people will have to exercise their rights or forfeit without compensation
Offering my personal finance knowledge for free
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Aguytrying
#420 Posted : Thursday, June 02, 2016 1:36:56 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
nashx wrote:
sparkly wrote:
Rights Supply 9.5 million; Demand 0

And tomorrow is the last day to trade...people will have to exercise their rights or forfeit without compensation


It's not kengen company that's the problem, it's the rights issue that is too demanding for the shareholder. If you've invested 1 million. They want you to give them 3 million and with 1 month notice . Surely!!

Why is it only gava firms that issue killer rights?
The investor's chief problem - and even his worst enemy - is likely to be himself
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