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KenGen HY 2019
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KaunganaDoDo
#641 Posted : Tuesday, January 26, 2021 9:03:30 AM
Rank: Member


Joined: 8/6/2018
Posts: 292
Fyatu wrote:
Ericsson wrote:
https://www.esi-africa.com/industry-sectors/renewable-energy/100mw-kipeto-wind-farm-connects-to-kenyas-power-grid/



Terrible news for Kenya Power shareholders. Another PPA to milk the cash cow a.k.a Kenya Power dry.


More terrible for KENGEN than KPLC. Integration of new intermittent sources of generation like wind and solar means curtailment of base loads like Geothermal and Hydro
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kawi254
#642 Posted : Tuesday, January 26, 2021 11:24:31 AM
Rank: Member


Joined: 2/20/2015
Posts: 465
Location: Nairobi
KaunganaDoDo wrote:
Fyatu wrote:
Ericsson wrote:
https://www.esi-africa.com/industry-sectors/renewable-energy/100mw-kipeto-wind-farm-connects-to-kenyas-power-grid/



Terrible news for Kenya Power shareholders. Another PPA to milk the cash cow a.k.a Kenya Power dry.


More terrible for KENGEN than KPLC. Integration of new intermittent sources of generation like wind and solar means curtailment of base loads like Geothermal and Hydro


The spinning reserve for the new intermittent wind power will still be Hydro cheapest and if there is a drought impacting Hydro then geothermal would be the next spinning reserve. Methinks KenGen still gains from the intermittent sources.
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KaunganaDoDo
#643 Posted : Tuesday, January 26, 2021 11:36:49 AM
Rank: Member


Joined: 8/6/2018
Posts: 292
kawi254 wrote:
KaunganaDoDo wrote:
Fyatu wrote:
Ericsson wrote:
https://www.esi-africa.com/industry-sectors/renewable-energy/100mw-kipeto-wind-farm-connects-to-kenyas-power-grid/



Terrible news for Kenya Power shareholders. Another PPA to milk the cash cow a.k.a Kenya Power dry.


More terrible for KENGEN than KPLC. Integration of new intermittent sources of generation like wind and solar means curtailment of base loads like Geothermal and Hydro


The spinning reserve for the new intermittent wind power will still be Hydro cheapest and if there is a drought impacting Hydro then geothermal would be the next spinning reserve. Methinks KenGen still gains from the intermittent sources.


Curtailed energy from kengen geothermal fields in olkaria was almost 345 million kwh last FY... do the maths. They harm KenGen more...and right now there is no compensation mechanism for ancillary services that kengen gives in grid stabilization and spinning reserve due to intermittent generation in the grid.
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Ericsson
#644 Posted : Thursday, January 28, 2021 8:15:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
https://mobile.twitter.c...633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#645 Posted : Thursday, January 28, 2021 8:42:08 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 954
Location: Kenya
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.
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Ericsson
#646 Posted : Thursday, January 28, 2021 9:22:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


They got a tax gain as a result of Olkaria V.
The tax gain isn't distributable as dividend.
Calculate the payout ratio without the tax gain.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#647 Posted : Thursday, January 28, 2021 10:09:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


Dividend payment date 22 July 2021 to shareholders at the close of business on 29 April 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#648 Posted : Thursday, January 28, 2021 10:21:06 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 954
Location: Kenya
Ericsson wrote:
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


They got a tax gain as a result of Olkaria V.
The tax gain isn't distributable as dividend.
Calculate the payout ratio without the tax gain.


FY17 and FY18 we got a dividend of 0.40 then suddenly down to 0.25 in FY19 and 0.30 in FY20. Excluding the tax gains, I would expect them at least to maintain the dividend since their earnings are relatively the same over the years if not higher.
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mlennyma
#649 Posted : Thursday, January 28, 2021 11:35:04 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


you should be smiling corona has not affected performance and you can chew something
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#650 Posted : Thursday, January 28, 2021 1:19:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-makes-ethiopian-geothermal-deal-3250502

The operations in Ethiopia will give them a cushion since revenues in Kenya have stagnated and Kenya power cashflow issues

What % of total revenues from are expected from Ethiopia?

For the FY2019/2020 Ethiopia project generated Ksh.440 million in revenues.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#651 Posted : Friday, January 29, 2021 5:20:59 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30





They decided to let kengen be and kill Kenya power.
Towards the goal of financial freedom
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sparkly
#652 Posted : Friday, January 29, 2021 7:05:17 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


Loans of KShs 200B. Advisable to be prudent.
Life is short. Live passionately.
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Ericsson
#653 Posted : Friday, January 29, 2021 10:15:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
sparkly wrote:
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


Loans of KShs 200B. Advisable to be prudent.


Kengen are not bringing on board additional power sources in the short term after Olkaria I Unit 6 83.3MW later this year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#654 Posted : Friday, January 29, 2021 1:02:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
sparkly wrote:
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


Loans of KShs 200B. Advisable to be prudent.

Ksh.200bn is on the higher side.
The borrowings/loans is ksh.145.83bn broken down into;
Short term loans Ksh.8.48bn
Long term loans Ksh.137.35bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#655 Posted : Friday, January 29, 2021 11:51:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Within a month's time KENGEN will be releasing HY2020/2021.
This will give a guidance on the FY results to be released in Q4.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#656 Posted : Wednesday, February 10, 2021 9:19:55 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
sparkly wrote:
watesh wrote:
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1354633241962156032/photo/1

Profit before tax at ksh.13.79bn
Profit after tax at ksh.18.377bn
Dividend per share sh.0.30


10% dividend payout ratio. Kengen just keeps decreasing its dividend with rising earnings.


Loans of KShs 200B. Advisable to be prudent.


Loans worth Ksh.38bn maturing between now and 2025.
In FY2019/2020 they repaid ksh.12bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#657 Posted : Wednesday, February 10, 2021 9:22:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
https://www.standardmedi...;amp_tf=From%20%251%24s

Treasury receives its ksh.1.15bn dividend cheque
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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AndyC
#658 Posted : Wednesday, February 10, 2021 9:50:16 AM
Rank: Member


Joined: 4/21/2015
Posts: 151
Ericsson wrote:
https://www.standardmedia.co.ke/amp/money-careers/article/2001402856/government-pockets-sh115billion-from-kengen#aoh=16129331257060&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

Treasury receives its ksh.1.15bn dividend cheque


When do the minority get paid?
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Ericsson
#659 Posted : Wednesday, February 10, 2021 11:24:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
AndyC wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/amp/money-careers/article/2001402856/government-pockets-sh115billion-from-kengen#aoh=16129331257060&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

Treasury receives its ksh.1.15bn dividend cheque


When do the minority get paid?


Snail mail or EFT?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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AndyC
#660 Posted : Wednesday, February 10, 2021 12:50:51 PM
Rank: Member


Joined: 4/21/2015
Posts: 151
Ericsson wrote:
AndyC wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/amp/money-careers/article/2001402856/government-pockets-sh115billion-from-kengen#aoh=16129331257060&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

Treasury receives its ksh.1.15bn dividend cheque


When do the minority get paid?


Snail mail or EFT?


EFT. That is the 30 cts right?
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