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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ericsson wrote:There is dividend.
It will be announced during the investor briefing and notes accompanying the results.
Dividend will be around 30 cents per share Don't try and stop the blood bath....
"In view of the pipeline projects enumerated above, the Board of Directors does not recommend payment of dividend for the year"
Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Spikes wrote:obiero wrote:KES 13.45 PBT, dividend KES 0.75 Is it from exchange bar? KES 11.2B PBT.. That's a decent performance by Kengen
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 10/26/2015 Posts: 151
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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.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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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. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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guru267 wrote:Ericsson wrote:There is dividend.
It will be announced during the investor briefing and notes accompanying the results.
Dividend will be around 30 cents per share Don't try and stop the blood bath....
"In view of the pipeline projects enumerated above, the Board of Directors does not recommend payment of dividend for the year"
Lack of dividends will see speculative investors exit in coming days. KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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This one is steak and soup  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: 1/21/2010 Posts: 6,675 Location: Nairobi
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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. Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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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... @guru,i wont sell at a loss.I will take the advantage to average down my buying price(ABP). Towards the goal of financial freedom
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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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 KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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This is a crime against shareholders. That CEO should be fired.The reason given is not substantial/tangible. We already have excess power so what's the hurry to bring in all that capacity. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@sparkly - Our October date has arrived. I'm surprised that the price hasn't turned below 5 as per my expectation due to the dilutive rights. Actually price staying above the rights price is impressive! FY shows growth, but as expected the previously massaged PAT was going to be down in this result release. This and the dilutive rights is why I expected price to tank sub 5 by October. Will it happen in the remaining 6 trading days? Lack of dividend pay is an outlier! I expected a dividend cut, not a drought! This add fuel to my sub 5 call  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Next year is an election year my friend. You don't have to ask where the millions donated every weekend are coming from. Dividend drought for the shareholders. Can someone kindly explain to me what Compensating tax is.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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kaimbaga2012 wrote:Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Next year is an election year my friend. You don't have to ask where the millions donated every weekend are coming from. Dividend drought for the shareholders. Can someone kindly explain to me what Compensating tax is. That is also new to me
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 3/3/2016 Posts: 132
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Ericsson wrote:There is dividend.
It will be announced during the investor briefing and notes accompanying the results.
Dividend will be around 30 cents per share Does anyone know when and where the investor briefing will be?
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Told you back in May you are better off as debt holder than equity holder. Wait for Kenya power results and see the disaster of central planning instead of market driven planning
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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A dividend drought. With flimsy explanations, I wonder why? I wish I could act surprised but I can't, this is the way of gava firms. Shareholders interests mean nothing to them. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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obiero wrote:kaimbaga2012 wrote:Ericsson wrote:This is a crime against shareholders.
That CEO should be fired.The reason given is not substantial/tangible.
We already have excess power so what's the hurry to bring in all that capacity. Next year is an election year my friend. You don't have to ask where the millions donated every weekend are coming from. Dividend drought for the shareholders. Can someone kindly explain to me what Compensating tax is. That is also new to me I'm also very curious to know about this compensation tax Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 7/21/2014 Posts: 100 Location: Ghana
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As earlier stated.
Kengen rights was too expensive at 6.55.
Counter over diluted.
Serious price fall for sure in coming months (election year 2017).
Post rights ZERO dividend is the worse in History when the company still reported profits.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:@sparkly - Our October date has arrived. I'm surprised that the price hasn't turned below 5 as per my expectation due to the dilutive rights. Actually price staying above the rights price is impressive! FY shows growth, but as expected the previously massaged PAT was going to be down in this result release. This and the dilutive rights is why I expected price to tank sub 5 by October. Will it happen in the remaining 6 trading days? Lack of dividend pay is an outlier! I expected a dividend cut, not a drought! This add fuel to my sub 5 call @Hisah I am shocked beyond words by the dividend drought. A sign of the company becoming another KQ where there is everything for everyone else apart from the minority shareholders?? 1. GOK through Treasury gets over 10B in direct & indirect taxes. 2. Over 3B in interest for debt financiers. 3. A supplier / tenderprenuers paradise. 4. CSR - hundreds of millions spent building houses for maasai in Ol Karia and educating Kambas in Masinga. Totally unacceptable and for that reason, I will be reviewing my position to see whether I can get better value elsewhere. Life is short. Live passionately.
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