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Kengen success
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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enyands wrote:obiero wrote:guru267 wrote:sparkly wrote:kawi254 wrote:Blonde question:
Kengen's market capitalization as of close of trading 5/25/2016 is 14.29 B. After rights issue is complete new capital of 28.8 B will have been added so capitalization should be 14.29 + 28.8 = 42.09 B.
However, If hypothetically after rights start trading and price is at KES 2/= then capitalization will be ~6.6 B shares * 2 = 13.2 B. My question is where does the around ~30 B cash vanish to? Nobody has made this money so no wealth was transferred. Isn't that like money vanishing into a black hole?
ignore that Govts 20 B is debt convertion. Can't add capitalisation to Shareholders funds. current amount of shareholders is quite high, I think 60B or so. At the end of the rights 28.8B will be added to shareholders funds. Shareholder funds will be about KES 180 Bn after the rights issue This is a tragedy. Based on analysis I will wait out the storm and buy postissuance I second you in this man obi Post #348 May 26th
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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obiero wrote:Spikes wrote:VituVingiSana wrote:Avoid GoK owned/controlled firms.
*I hold KenRe as my sole significant GoK-owned holding BUT I will bail out if need be if I think the management/board is actng shady!* @vvs you have been warning us. Kwanza mimi ndio mshindani but I have learnt through the hard way! Baptism by both water and fire. Safaricom?? Vodafone owns 40% & can (thankfully) out-vote GoK. Controlled by Vodafone. MJ was a Vodafone employee. BC was/is a Vodafone employee. The CFO is seconded by Vodafone. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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In the words of a famous wazuan: Please do your research, homework, term papers, thesis then decide whether that stock is good for you... Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...The juicy EPS last year was the butcher's call KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mkate_nusu wrote:In the words of a famous wazuan:
Please do your research, homework, term papers, thesis then decide whether that stock is good for you...
Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...
The juicy EPS last year was the butcher's call We have really been played. Even a 5 cent Dividend... Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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sparkly wrote:mkate_nusu wrote:In the words of a famous wazuan:
Please do your research, homework, term papers, thesis then decide whether that stock is good for you...
Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...
The juicy EPS last year was the butcher's call We have really been played. Even a 5 cent Dividend...  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Angelica _ann wrote:sparkly wrote:mkate_nusu wrote:In the words of a famous wazuan:
Please do your research, homework, term papers, thesis then decide whether that stock is good for you...
Beware of the slaughter house...where buyers are shown fresh succulent slices of meat...they are attracted to them and then when you take them home to cook, they will turn out to be old bones in red paint...
The juicy EPS last year was the butcher's call We have really been played. Even a 5 cent Dividend... Hahaha
KQ ABP 4.26
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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I read somewhere of some jamaa who said before buying into some stock,he will visit that company's office.If he doesn't like the receptionist,he will buck off..has anyone been to
the Kengen office?
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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I read somewhere of some jamaa who said before buying into some stock,he will visit that company's office.If he doesn't like the receptionist,he will buck off..has anyone been to
the Kengen office?
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Chaka wrote:I read somewhere of some jamaa who said before buying into some stock,he will visit that company's office.If he doesn't like the receptionist,he will buck off..has anyone been to
the Kengen office? I visited my local Kenya power offices recently. The meter readers are so lazy they have not read my meter since July Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 10/26/2015 Posts: 151
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Fyatu wrote:Chaka wrote:I read somewhere of some jamaa who said before buying into some stock,he will visit that company's office.If he doesn't like the receptionist,he will buck off..has anyone been to
the Kengen office? I visited my local Kenya power offices recently. The meter readers are so lazy they have not read my meter since July same for me. Haven't had my bill or its estimation for the last two months. KPL C is a joke
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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enyands wrote:Ebenyo wrote:obiero wrote:opted to offload today at 6.90 why? Obiero is someone you will never understand. He will swim against the current, he will sprint when people are running and crawl when people are sprinting . He will inform you he sold kengen to buy more kq ...wait and see June 7.2016.. Stop loss decisions are necessary at times
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Watching this with a side eye
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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mkate_nusu wrote:guru267 wrote:obiero wrote:Spikes wrote:MadDoc wrote:guru267 wrote:This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...
But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market... You read my mind. I will enter at sub 5 n exit at 6. This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries. The stock is unlikely to tank.. Just a slight wobble at best With EPS of 1.08, Revenue up 28%, PBT up 29%, shareholder funds of KES 367Bn etc. all rationality shows that the share price should be stable. But we all know about market rationality in the short term.... This one will bleed until H1 2017 results. PAT gives the real picture considering they received a tax credit(approx 3 billion) in FY15 for Olkaria phase IV development. The 2:1 rights shares was the beginning of the problems for kengen shareholders going forward @guru267 simply the best.. better than all the rest
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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obiero wrote:mkate_nusu wrote:guru267 wrote:obiero wrote:Spikes wrote:MadDoc wrote:guru267 wrote:This is why I know God loves me... Sold half my stock at 7 bob that I had bought at an average of 6 bob looking to re enter at below 5 bob...
But Friday will be a blood bath when these @Ebenyo, @Spikes and crew rush into the market... You read my mind. I will enter at sub 5 n exit at 6. This is not material announcement. The minimum price on Friday shall be 6.25 .There is room for exit with minor injuries. The stock is unlikely to tank.. Just a slight wobble at best With EPS of 1.08, Revenue up 28%, PBT up 29%, shareholder funds of KES 367Bn etc. all rationality shows that the share price should be stable. But we all know about market rationality in the short term.... This one will bleed until H1 2017 results. PAT gives the real picture considering they received a tax credit(approx 3 billion) in FY15 for Olkaria phase IV development. The 2:1 rights shares was the beginning of the problems for kengen shareholders going forward @guru267 simply the best.. better than all the rest And just like that, KEGN stopped paying out dividends. We know what's happening here, immediately after the rights issue
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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The new lady has a spring in the step. I speak in code
KQ ABP 4.26
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