Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Wednesday, Feb 8, 2023
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Centum FY2022 - FY2026 [113]
SAFARICOM H1 2022-2023 EPS down 10% [29]
EABL half year 2019/2020 results [105]
Treasury Bills and Bonds [1632]
Housing Finance: HFCK a diamond in the rough [2280]
Madness at the NSE [2418]
KENGEN 2021-2025 [117]
Trans Century Limited 2022 - 2025 [17]
KCB 2018 and Beyond [707]
Potential merger NIC + CBA [301]
411 on dividend and AGM [1337]
Equity Bank 2020 [144]
Kenya Airways...why ignore.. [15409]
Exchange Bar: Results forecast [2469]
Kenya Power - what's the latest? [627]
 
Forum Jump
Welcome Guest Search | Active Topics | Log In | Register

6 Pages«<456
KENGEN 2021-2025
mlennyma
#101 Posted : Thursday, December 08, 2022 11:48:18 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,152
Location: nairobi
My 2 cents wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
A disappointing dividend once again. Despite the 14bn in cash, shareholders will get a paltry 1.3bn. This can easily be funded with the interest income the company got from that 14bn cash they hold and the company hoards all the cash it generated from normal operations


One week later no update on book closure and AGM date


It is almost like they don't have the liquid cash to pay the dividend.

How does that big South African pension fund stomach holding shares in KenGen?. Our own NSSF sold KenGen before the decline started.


Same way the Kenyans that bought at IPO are stomaching.

Year 2006 - IPO price Kes 11.90 per share

Year 2022 - 16 years later current price 3.20 per share


The nse has killed many dreams,when i bought kenya power at 10bob i thought i had hit a jackpot,,now iam stuck for life
"Don't let the fear of losing be greater than the excitement of winning."
My 2 cents
#102 Posted : Thursday, December 08, 2022 9:35:43 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 927
NSE will come back someday. If it does, I retire.
Ericsson
#103 Posted : Friday, December 09, 2022 7:11:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,528
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
watesh wrote:
A disappointing dividend once again. Despite the 14bn in cash, shareholders will get a paltry 1.3bn. This can easily be funded with the interest income the company got from that 14bn cash they hold and the company hoards all the cash it generated from normal operations


One week later no update on book closure and AGM date


It is almost like they don't have the liquid cash to pay the dividend.

How does that big South African pension fund stomach holding shares in KenGen?. Our own NSSF sold KenGen before the decline started.


South Africa PIC is very wasteful compared to our NSSF.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#104 Posted : Friday, December 16, 2022 7:09:59 PM
Rank: Member


Joined: 2/20/2015
Posts: 459
Location: Nairobi
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
A disappointing dividend once again. Despite the 14bn in cash, shareholders will get a paltry 1.3bn. This can easily be funded with the interest income the company got from that 14bn cash they hold and the company hoards all the cash it generated from normal operations


One week later no update on book closure and AGM date


It is almost like they don't have the liquid cash to pay the dividend.

How does that big South African pension fund stomach holding shares in KenGen?. Our own NSSF sold KenGen before the decline started.


South Africa PIC is very wasteful compared to our NSSF.


2 weeks later no update on book closure and AGM
Receptor
#105 Posted : Sunday, December 18, 2022 4:35:01 PM
Rank: Member


Joined: 7/1/2019
Posts: 114
Ericsson wrote:


South Africa PIC is very wasteful compared to our NSSF.


Kengen and KPLC remain primary cash cows for every government since independence.

The tales you have heard that the President casually calls the MD and order that a certain amount from Kengen or KPLC coffers be sent to Statehouse in cash are true.

The politicians eat your dividends and you the shareholder receive peanuts.

Lets get used to the idea that politicians eat part of the profits that these "cash cows" generate whenever we think of investing in companies like Kenya Re, KPLC, Kengen and others
VituVingiSana
#106 Posted : Monday, December 19, 2022 12:24:19 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,864
Location: Nairobi
Receptor wrote:
Ericsson wrote:


South Africa PIC is very wasteful compared to our NSSF.


Kengen and KPLC remain primary cash cows for every government since independence.

The tales you have heard that the President casually calls the MD and order that a certain amount from Kengen or KPLC coffers be sent to Statehouse in cash are true.

The politicians eat your dividends and you the shareholder receive peanuts.

Lets get used to the idea that politicians eat part of the profits that these "cash cows" generate whenever we think of investing in companies like Kenya Re, KPLC, Kengen and others
Sad but 100% true. EPS is just for show.
I do not bother with PER or similar metrics for GoK firms.
Heck, just avoid them.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kawi254
#107 Posted : Wednesday, December 28, 2022 4:15:37 PM
Rank: Member


Joined: 2/20/2015
Posts: 459
Location: Nairobi
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?
Ericsson
#108 Posted : Thursday, December 29, 2022 1:23:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,528
Location: NAIROBI
kawi254 wrote:
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?


The regulator is dead asleep.
The position for MD is in dispute/clash between WSR and Riggy G backyard people.
Riggy G backyard people believe the position is reserved for them while WSR say it's their time to occupy the seat.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#109 Posted : Saturday, December 31, 2022 3:06:16 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,864
Location: Nairobi
Ericsson wrote:
kawi254 wrote:
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?


The regulator is dead asleep.
The position for MD is in dispute/clash between WSR and Riggy G backyard people.
Riggy G backyard people believe the position is reserved for them while WSR say it's their time to occupy the seat.

"It is our time to eat" - WSR's Pipo
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#110 Posted : Thursday, January 05, 2023 6:29:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,528
Location: NAIROBI
kawi254 wrote:
Is the new GoK planning another boardroom coup a la KPLC for KenGen?

Why 4 weeks late has KenGen not announced book closure and AGM? What is the maximum time allowed by NSE regulator?


AGM date 26 January 2023
Dividend book closure 26 January 2023
Dividend Payment date 30 March 2023
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#111 Posted : Saturday, January 07, 2023 6:45:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,528
Location: NAIROBI
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#112 Posted : Saturday, January 07, 2023 5:31:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,864
Location: Nairobi
Ericsson wrote:
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Good for the country (& KenGen) if they can do so without corruption. That's a huge investment so the dividend will likely be constrained to maintain the Loan Covenants.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#113 Posted : Saturday, January 07, 2023 6:14:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,528
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Good for the country (& KenGen) if they can do so without corruption. That's a huge investment so the dividend will likely be constrained to maintain the Loan Covenants.

Yes
Currently their loan repayments average ksh.12bn per year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#114 Posted : Monday, January 09, 2023 9:31:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,528
Location: NAIROBI
https://www.standardmedi...uel-for-power-generation
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Receptor
#115 Posted : Monday, January 30, 2023 11:54:10 AM
Rank: Member


Joined: 7/1/2019
Posts: 114
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!
sparkly
#116 Posted : Monday, January 30, 2023 12:29:11 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Receptor wrote:
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!


Kengen Board being reconstituted. Ni wakati was kugula
Life is short. Live passionately.
Ericsson
#117 Posted : Wednesday, February 01, 2023 5:41:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,528
Location: NAIROBI
sparkly wrote:
Receptor wrote:
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!


Kengen Board being reconstituted. Ni wakati was kugula

Share price plunges to below ksh.3
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Users browsing this topic
Guest (3)
6 Pages«<456
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2023 Wazua.co.ke. All Rights Reserved.