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KenGen HY 2019
FUNKY
#181 Posted : Thursday, October 03, 2019 12:46:34 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,542
It's a good time to buy now
kawi254
#182 Posted : Thursday, October 03, 2019 1:57:00 PM
Rank: Member


Joined: 2/20/2015
Posts: 346
Location: Nairobi
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?
Ericsson
#183 Posted : Thursday, October 03, 2019 2:13:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.
Superprime1
#184 Posted : Thursday, October 03, 2019 2:30:45 PM
Rank: Member


Joined: 5/2/2018
Posts: 235
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.
Ericsson
#185 Posted : Saturday, October 12, 2019 7:42:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.
Ericsson
#186 Posted : Thursday, October 17, 2019 10:29:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
https://twitter.com/KAra...730332899270656/photo/1

Olkaria V generating 172.48MW
Unit 1 generating 85.76 and Unit 2 86.73MW
sparkly
#187 Posted : Thursday, October 17, 2019 2:17:59 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,375
Location: Enk are Nyirobi
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow
Life is short. Live passionately.
Ericsson
#188 Posted : Thursday, October 17, 2019 3:08:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.
KaunganaDoDo
#189 Posted : Thursday, October 17, 2019 3:41:53 PM
Rank: Member


Joined: 8/6/2018
Posts: 187
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Ericsson
#190 Posted : Thursday, October 17, 2019 3:59:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.

Applause Applause
VituVingiSana
#191 Posted : Thursday, October 17, 2019 7:26:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,509
Location: Nairobi
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#192 Posted : Thursday, October 17, 2019 8:32:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary
KaunganaDoDo
#193 Posted : Friday, October 18, 2019 7:26:37 AM
Rank: Member


Joined: 8/6/2018
Posts: 187
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.
Ericsson
#194 Posted : Saturday, October 19, 2019 6:43:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
The current heavy rains are an advantage to Kengen for the 2019/2020 financial year
kawi254
#195 Posted : Sunday, October 20, 2019 1:50:28 AM
Rank: Member


Joined: 2/20/2015
Posts: 346
Location: Nairobi
Ericsson wrote:
The current heavy rains are an advantage to Kengen for the 2019/2020 financial year


Looks like LTWP and Olkaria changed the Energy game. 2019 Long rains sorta failed and there wasn't much noise on reduced hydro power generation.

Today seen some long convoy of Kipeto Energy [100MW] Wind Turbines on Mombasa road enroute to Nairobi -> Kajiado so looks like another 100MW will come online soon.

Meanwhile Kinangop Wind Turbines still parked off Eastern bypass after failed project. Storage costs all these years must have gotten someone burnt beyond recognition financially.
KaunganaDoDo
#196 Posted : Sunday, October 20, 2019 10:36:45 AM
Rank: Member


Joined: 8/6/2018
Posts: 187
kawi254 wrote:
Ericsson wrote:
The current heavy rains are an advantage to Kengen for the 2019/2020 financial year


Looks like LTWP and Olkaria changed the Energy game. 2019 Long rains sorta failed and there wasn't much noise on reduced hydro power generation.

Today seen some long convoy of Kipeto Energy [100MW] Wind Turbines on Mombasa road enroute to Nairobi -> Kajiado so looks like another 100MW will come online soon.

Meanwhile Kinangop Wind Turbines still parked off Eastern bypass after failed project. Storage costs all these years must have gotten someone burnt beyond recognition financially.


Correct . Kipeto should be on on grid come next year July or there about. For the Kinangop wind, the financier, Stanbic Bank
SA , took over the turbines with view of auctioning them when the project collapsed. They haven't found market, since a government agreement with them was that they can only sell to a party that will put up a project of similar capacity nearby.
sparkly
#197 Posted : Sunday, October 20, 2019 1:48:20 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,375
Location: Enk are Nyirobi
KaunganaDoDo wrote:
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.


Are we saying no results until Auditor General is nominated, vetted, approved, takes office?

That might take 2 years Sad
Life is short. Live passionately.
Ericsson
#198 Posted : Sunday, October 20, 2019 6:06:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
The current heavy rains are an advantage to Kengen for the 2019/2020 financial year


Looks like LTWP and Olkaria changed the Energy game. 2019 Long rains sorta failed and there wasn't much noise on reduced hydro power generation.

Today seen some long convoy of Kipeto Energy [100MW] Wind Turbines on Mombasa road enroute to Nairobi -> Kajiado so looks like another 100MW will come online soon.

Meanwhile Kinangop Wind Turbines still parked off Eastern bypass after failed project. Storage costs all these years must have gotten someone burnt beyond recognition financially.


Cheap energy is becoming a mirage
Ericsson
#199 Posted : Sunday, October 20, 2019 6:19:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,616
Location: NAIROBI
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.


Are we saying no results until Auditor General is nominated, vetted, approved, takes office?

That might take 2 years Sad

I guess before end of October they should be out.
VituVingiSana
#200 Posted : Sunday, October 20, 2019 7:51:41 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,509
Location: Nairobi
sparkly wrote:
KaunganaDoDo wrote:
Ericsson wrote:
VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Superprime1 wrote:
Ericsson wrote:
kawi254 wrote:
Why can't NSE companies have a set date for reporting Full year financials like Safaricom does?


True and valid point.

Transparency issues; that's why information is always skewed in favour of insiders and their cronies. The rest of us wake up to find the results and other material announcements when it's too late to act.


FY results expected this coming week.


Week ends tomorrow

Confirming if the results will be released tomorrow.


Hakuna Auditor General wa kusign accounts.
Laughing out loudly Laughing out loudly Laughing out loudly That puts CMA in a pickle. Does it keep giving KPLC and KenGen extensions?
Then what happens to KenRe?

The Deputy Auditor general will do the necessary


There is no provision for deputy auditor general in signing accounts....thats why whereas there is a deputy AG, he is not acting as Auditor General...but anyway, there could be precedents....for these listed companies , as long as they have external auditors....this may suffice...Though I dont know how it will chance out.


Are we saying no results until Auditor General is nominated, vetted, approved, takes office?

That might take 2 years Sad
But @Ericsson said that "The Deputy Auditor general will do the necessary" http://wazua.co.ke/forum...291&f=1&q=884536
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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