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KenGen - Just how low can it go?
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Renegade
#51 Posted : Tuesday, July 26, 2011 11:59:23 AM
Rank: Member

Joined: 4/18/2009
Posts: 118
KPLC bids now at the rights price. If it goes below this level...brace yourselves as it will self propel downwards.
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Iborian
#52 Posted : Tuesday, July 26, 2011 12:47:10 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
This is another doomed counter. Gava wanted to sell another 19% some time back wakashindwa (Kimunya) when price fell below 20. When they raised money for the bond, Mgt also signalled they would be issuing rights, at some point. Bad Karma right there.

If the price were to ever go up, you can be sure that G.o.K will want to offload some of their shares. Ama, Mgt will revive talk of a rights issue. Investors will not want to take this chance, meaning any increase in price will not be for long unless they can be assured shares hazitaongezwa.
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Cde Monomotapa
#53 Posted : Tuesday, July 26, 2011 1:06:32 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Since the 2nd offer failed miserably, the other options are 1. An equity partner (highly Japanese), 2. A rights issue. In that order.
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Magnetic Touch
#54 Posted : Tuesday, July 26, 2011 1:16:10 PM
Rank: Member

Joined: 12/31/2008
Posts: 90
Cde Monomotapa wrote:
Since the 2nd offer failed miserably, the other options are 1. An equity partner (highly Japanese), 2. A rights issue. In that order.

Option 1 would be more palatable for current shareholders. The Japanese would be welcome. After all they have already put in a lot in terms of loans to KenGen.

KenGen is lucky that they revised their accounting policy to "hide" the forex currency losses on the Yen loans. Last year they would have made the biggest loss in Kenya's corporate history.
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youcan'tstopusnow
#55 Posted : Friday, July 29, 2011 6:20:02 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
KenGen managing director Eddie Njoroge said the company was generating 8.2 million units pf electricity per day, down from 12 million during peak production because of the drought that has occassioned the rationing.

“The dams are currently six meters below the spilling level of 1056.5 meters. We will stop generating when the dams drop to the minimum level at 1037,” said Mr Nyoike. "

mwanahisa, seems you were right
GOD BLESS YOUR LIFE
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Cde Monomotapa
#56 Posted : Friday, July 29, 2011 6:46:22 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
KenGen managing director Eddie Njoroge said the company was generating 8.2 million units pf electricity per day, down from 12 million during peak production because of the drought that has occassioned the rationing.

“The dams are currently six meters below the spilling level of 1056.5 meters. We will stop generating when the dams drop to the minimum level at 1037,” said Mr Nyoike. "

mwanahisa, seems you were right

#toot#
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Aguytrying
#57 Posted : Saturday, July 30, 2011 3:57:41 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
i really never thought it would touch eleven bob. the heading of this thread is apt.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#58 Posted : Sunday, July 31, 2011 6:54:21 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
In a fish tank @ a Japanese restaurant?
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