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KenGen HY 2019
Ericsson
#281 Posted : Tuesday, November 19, 2019 4:32:55 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
kenyan2019 wrote:
https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20


Auditor General jee
kenyan2019
#282 Posted : Tuesday, November 19, 2019 4:42:52 PM
Rank: New-farer


Joined: 12/30/2018
Posts: 47
Ericsson wrote:
kenyan2019 wrote:
https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20


Auditor General jee



Dalili ya mvua ni mawingu !!smile smile smile
sparkly
#283 Posted : Tuesday, November 19, 2019 8:46:55 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


How much idle cash does Kengen have? We the shareholders had to double our investment in the company to shore up the reserves.
Laughing out loudly Laughing out loudly Laughing out loudly
Exactly!
Which "idle cash" when there are huge loans to pay?

Also KE needs more baseload power and KenGen should reinvest funds in viable projects. These are pricey. They take a long time to come online.

If KPLC falters in making timely payments then KenGen needs cash to pay its obilgations.

Going into 2020, I have moved to cash-rich firms or low debt:equity firms.
No more ARMs. Even my sole GoK holding is KenRe with lots of cash.


Our investments will be raided to bail out KQ and pay @Obiero.
Life is short. Live passionately.
watesh
#284 Posted : Wednesday, November 20, 2019 8:01:31 AM
Rank: Member


Joined: 8/10/2014
Posts: 760
Location: Kenya
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought
Ericsson
#285 Posted : Wednesday, November 20, 2019 9:55:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see
kawi254
#286 Posted : Wednesday, November 20, 2019 11:31:10 AM
Rank: Member


Joined: 2/20/2015
Posts: 352
Location: Nairobi
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.
Angelica _ann
#287 Posted : Wednesday, November 20, 2019 11:38:07 AM
Rank: Elder


Joined: 12/7/2012
Posts: 10,995
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


So they pay the special dividend, then run back to the same Government to give them guarantees to borrow for future capital expenditures and expansion. Doesn't make sense to me, watching from the sidelines smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#288 Posted : Wednesday, November 20, 2019 11:43:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law
KaunganaDoDo
#289 Posted : Wednesday, November 20, 2019 2:42:46 PM
Rank: Member


Joined: 8/6/2018
Posts: 204
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque
Ericsson
#290 Posted : Wednesday, November 20, 2019 3:14:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque


Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana
Extraterrestrial
#291 Posted : Wednesday, November 20, 2019 6:17:31 PM
Rank: New-farer


Joined: 11/17/2018
Posts: 95
Location: Mars
The alternative to special dividend is outright technical default on notes surrendered by parastatals...
KaunganaDoDo
#292 Posted : Wednesday, November 20, 2019 8:57:00 PM
Rank: Member


Joined: 8/6/2018
Posts: 204
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque


Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana


IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default...
Ericsson
#293 Posted : Wednesday, November 20, 2019 10:20:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque


Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana


IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default...


They do to avoid governments from crowding out private sector in borrowing from the domestic market.
This is in countries which have wide budget deficits
Angelica _ann
#294 Posted : Wednesday, November 20, 2019 11:15:20 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,995
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque


Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana


IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default...


They do to avoid governments from crowding out private sector in borrowing from the domestic market.
This is in countries which have wide budget deficits


IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#295 Posted : Thursday, November 21, 2019 12:38:39 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,585
Location: Nairobi
Angelica _ann wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque


Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana


IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default...


They do to avoid governments from crowding out private sector in borrowing from the domestic market.
This is in countries which have wide budget deficits


IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans.
Shame on you Shame on you Shame on you Do not blame the IMF for your failures. #KumiraKumira

Is GoK approaching the IMF for a facility or is the IMF forcing it onto GoK at gunpoint?

It's like going to a bank for a loan after blowing your cash (& taking on huge loans) on building a brand-new unnecessarily fancy and over-sized roof on your hut when repairing your simple roof would have worked just as well.

And paying for planning and designing a pond on sandy soil.

Then keeping a fleet of taxis that lose money year in, year out because it makes you look prosperous.

Not to forget hiring your relatives and drinking buddies to manage your businesses.

Fancy roof = SGR
Simple roof = NGR
Pond = Kimwarer
Taxis = KQ
Relatives = Relatives
Businesses = Take your pick
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#296 Posted : Thursday, November 21, 2019 6:32:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
VituVingiSana wrote:
Angelica _ann wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
kawi254 wrote:
Ericsson wrote:
watesh wrote:
FUNKY wrote:
https://www.nation.co.ke/news/Treasury-eyes-parastatals-to-ease-biting-cash-crunch/1056-5349378-14e81ys/index.html

Kengen issuing a special dividend is highly possible


This will mean a future slowdown in the development of power generation by Kengen and push that money to fund a broke government....the result is higher debts for Kengen in future or a dividend drought


Let's wait and see


If hypothetically KenGen managed 4 Billion in special dividend to GoK that is such a drop in the ocean...money that Jubilee Govt will gobble up in less than a day.

At some point GoK will have to go to IMF/World Bank and the conditions they will be given will take us back to the 90's of mass civil service layoffs, restructuring of these very same parastatal cash cows.


World Bank/IMF is next year.
IMF said they have ksh.153bn or $1bn standby to assist kenya subject to terms and conditions.
One of the conditions was to repeal interest rates cap law


The standby credit facility from the IMF is not for budgetary support or development programmes, but for macroeconomic stability on volatility of exchange rates...its a dollar facility to CBK to stabilization of exchange rate fluctuations. Its not Government/Treasury blank cheque


Loan from IMF in the works for budgetary support similar to what happened in Egypt and Ghana


IMF doesn't do budgetary support. They do macroeconomic Stabilization Credit Facility. If you have to ask for budgetary support, You have to be under debt repudiation or default...


They do to avoid governments from crowding out private sector in borrowing from the domestic market.
This is in countries which have wide budget deficits


IMF are leeches, Kibaki tamed them, let's see what next. By so far so good on this front for us Kenyans.
Shame on you Shame on you Shame on you Do not blame the IMF for your failures. #KumiraKumira

Is GoK approaching the IMF for a facility or is the IMF forcing it onto GoK at gunpoint?

It's like going to a bank for a loan after blowing your cash (& taking on huge loans) on building a brand-new unnecessarily fancy and over-sized roof on your hut when repairing your simple roof would have worked just as well.

And paying for planning and designing a pond on sandy soil.

Then keeping a fleet of taxis that lose money year in, year out because it makes you look prosperous.

Not to forget hiring your relatives and drinking buddies to manage your businesses.

Fancy roof = SGR
Simple roof = NGR
Pond = Kimwarer
Taxis = KQ
Relatives = Relatives
Businesses = Take your pick

Very true vvs,Gok is the one approaching IMF.
Balaa
#297 Posted : Friday, November 22, 2019 5:37:12 AM
Rank: New-farer


Joined: 7/6/2018
Posts: 83
Location: Kinshasa
kenyan2019 wrote:
Ericsson wrote:
kenyan2019 wrote:
https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20


Auditor General jee



Dalili ya mvua ni mawingu !!smile smile smile


https://www.businessdail...57606-13rpbwh/index.html
Ericsson
#298 Posted : Wednesday, November 27, 2019 6:44:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
Masinga dam to spill over in the next two days
sparkly
#299 Posted : Wednesday, November 27, 2019 6:47:56 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
Ericsson wrote:
Masinga dam to spill over in the next two days



Link?
Life is short. Live passionately.
Angelica _ann
#300 Posted : Wednesday, November 27, 2019 7:06:30 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,995
Balaa wrote:
kenyan2019 wrote:
Ericsson wrote:
[quote=kenyan2019]https://twitter.com/TheStarBreaking/status/1196777351578828801?s=20


Auditor General jee



Dalili ya mvua ni mawingu !!smile smile smile


https://www.businessdail...7606-13rpbwh/index.html[/quote]

30th November is Saturday, postponement of results announcement imminent.
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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