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KenGen HY 2019
sparkly
#61 Posted : Monday, June 17, 2019 7:32:11 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
Ericsson wrote:
FUNKY wrote:
VituVingiSana wrote:
[quote=Extraterrestrial]https://www.businessdailyafrica.com/corporate/companies/KenGen-Sh5-2bn-geothermal-tender-in-Ethiopia/4003102-5156492-10sdh2pz/index.html

Kenya Electricity Generating Company (KenGen)  has won a Sh5.2 billion tender to drill geothermal wells in EthiopiaThis will be the second such tender for KenGen in the horn country after it announced February that it has won part of a Sh7.6 billion contract to supply geothermal drilling services to the Ethiopian Electric Power (EEP).KenGen said it would be supplying about 30 percent of the component of phase II which translates to about $ 6.2 million (Sh620 million).It is now eying Rwanda and Djibouti for geothermal project, having hosted Djibouti President Ismail Omar Guelleh at the Olkaria geothermal fields in Naivasha last year

Applause Applause Applause It's being run in a much better fashion than KPLC.


Wonder when price will start rising...its management team is very good also no crooks


“We’re going to add from Olkaria 1 unit 6 and Olkaria 5 +250MW, and if we use the same ratio that came out of Olkaria 280MW, we can see ksh.6 to 7bn building-in. With trend analysis, and as everything remain,KenGen shares has potential.” John Mudany
https://twitter.com/i/status/1140613505827123200[/quote]

I got lost somewhere in the tweet
Life is short. Live passionately.
Ericsson
#62 Posted : Monday, June 17, 2019 8:05:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,735
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
FUNKY wrote:
VituVingiSana wrote:
[quote=Extraterrestrial]https://www.businessdailyafrica.com/corporate/companies/KenGen-Sh5-2bn-geothermal-tender-in-Ethiopia/4003102-5156492-10sdh2pz/index.html

Kenya Electricity Generating Company (KenGen)  has won a Sh5.2 billion tender to drill geothermal wells in EthiopiaThis will be the second such tender for KenGen in the horn country after it announced February that it has won part of a Sh7.6 billion contract to supply geothermal drilling services to the Ethiopian Electric Power (EEP).KenGen said it would be supplying about 30 percent of the component of phase II which translates to about $ 6.2 million (Sh620 million).It is now eying Rwanda and Djibouti for geothermal project, having hosted Djibouti President Ismail Omar Guelleh at the Olkaria geothermal fields in Naivasha last year

Applause Applause Applause It's being run in a much better fashion than KPLC.


Wonder when price will start rising...its management team is very good also no crooks


“We’re going to add from Olkaria 1 unit 6 and Olkaria 5 +250MW, and if we use the same ratio that came out of Olkaria 280MW, we can see ksh.6 to 7bn building-in. With trend analysis, and as everything remain,KenGen shares has potential.” John Mudany
https://twitter.com/i/status/1140613505827123200[/quote]

I got lost somewhere in the tweet

When they brought on board 280mw they got a revenue boost of ksh.9bn
Using the same trajectory/trend analysis and everything been the same if they bring on board olkaria V of 162mw and Olkaria 1 unit 6 of 90MW they
see additional ksh.6-7bn revenue
KaunganaDoDo
#63 Posted : Monday, June 17, 2019 8:48:07 PM
Rank: Member


Joined: 8/6/2018
Posts: 204
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
FUNKY wrote:
VituVingiSana wrote:
[quote=Extraterrestrial]https://www.businessdailyafrica.com/corporate/companies/KenGen-Sh5-2bn-geothermal-tender-in-Ethiopia/4003102-5156492-10sdh2pz/index.html

Kenya Electricity Generating Company (KenGen)  has won a Sh5.2 billion tender to drill geothermal wells in EthiopiaThis will be the second such tender for KenGen in the horn country after it announced February that it has won part of a Sh7.6 billion contract to supply geothermal drilling services to the Ethiopian Electric Power (EEP).KenGen said it would be supplying about 30 percent of the component of phase II which translates to about $ 6.2 million (Sh620 million).It is now eying Rwanda and Djibouti for geothermal project, having hosted Djibouti President Ismail Omar Guelleh at the Olkaria geothermal fields in Naivasha last year

Applause Applause Applause It's being run in a much better fashion than KPLC.


Wonder when price will start rising...its management team is very good also no crooks


“We’re going to add from Olkaria 1 unit 6 and Olkaria 5 +250MW, and if we use the same ratio that came out of Olkaria 280MW, we can see ksh.6 to 7bn building-in. With trend analysis, and as everything remain,KenGen shares has potential.” John Mudany
https://twitter.com/i/status/1140613505827123200[/quote]

I got lost somewhere in the tweet

When they brought on board 280mw they got a revenue boost of ksh.9bn
Using the same trajectory/trend analysis and everything been the same if they bring on board olkaria V of 162mw and Olkaria 1 unit 6 of 90MW they
see additional ksh.6-7bn revenue

Contracted Capacity for Olkaria V is 153MW while for Olkaria 1 Unit 6 is 83MW. While Olkaria V expected COD is July 2019, Olkaria 1 Unit 6 should come somewhere in July 2021(Though they don't have a PPA yet with KPLC). Both are Capacity Plants
VituVingiSana
#64 Posted : Monday, June 17, 2019 8:54:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,584
Location: Nairobi
@KaunganaDoDo

1) No PPAs? Hiyo ni shida!
2) What are "Capacity Plants"?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
KaunganaDoDo
#65 Posted : Monday, June 17, 2019 9:12:20 PM
Rank: Member


Joined: 8/6/2018
Posts: 204
VituVingiSana wrote:
@KaunganaDoDo

1) No PPAs? Hiyo ni shida!
2) What are "Capacity Plants"?


No PPA means they haven't agreed the Bulk tariffs , KPLC is not willing to give them higher tariff, there is ongoing negotiation , Though ground breaking was last year.

Capacity plants are plants which have capacity payments, (Fixed Capacity Charge Rate ,FCCR and Fixed O&M Charge Rates FOMCR) plus a small component (Variable O&M Charge Rate VOMCR)... Capacity Payment Plants receive FCCR and FOMCR even if the plant is not running (Though the plant has to be in operable conditions when required)...VOMCR is dependant on energy you buy from the plant. Both FOMCR and VOMCR are escalated with inflation.
FUNKY
#66 Posted : Monday, June 17, 2019 9:13:53 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,560
Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also
Ericsson
#67 Posted : Monday, June 17, 2019 9:26:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,735
Location: NAIROBI
FUNKY wrote:
Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also


Bonus issue alaaaah
kawi254
#68 Posted : Tuesday, June 18, 2019 12:13:57 PM
Rank: Member


Joined: 2/20/2015
Posts: 350
Location: Nairobi
Ericsson wrote:
FUNKY wrote:
Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also


Bonus issue alaaaah



During 2018 AGM the Chief Finance Officer mentioned that they are exploring scrip dividend option.

I believe in 2019/2020 Financial year there will be no dividend since Kengen will be hit with Compensating tax if they distribute capital allowances which they will qualify for after commissioning Olkaria 5 in 2019/2020 financial year...once bitten twice shy
Ericsson
#69 Posted : Tuesday, June 18, 2019 12:16:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,735
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
FUNKY wrote:
Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also


Bonus issue alaaaah



During 2018 AGM the Chief Finance Officer mentioned that they are exploring scrip dividend option.

I believe in 2019/2020 Financial year there will be no dividend since Kengen will be hit with Compensating tax if they distribute capital allowances which they will qualify for after commissioning Olkaria 5 in 2019/2020 financial year...once bitten twice shy


Not necessarily,they can distribute dividends from revenue from Hydro generation and the other geothermal plants.
If you listened to the link I posted,the other time the additional capacity of 280MW gave them a huge significant jump in revenue.
FUNKY
#70 Posted : Tuesday, June 18, 2019 3:12:41 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,560
kawi254 wrote:
Ericsson wrote:
FUNKY wrote:
Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also


Bonus issue alaaaah



During 2018 AGM the Chief Finance Officer mentioned that they are exploring scrip dividend option.

I believe in 2019/2020 Financial year there will be no dividend since Kengen will be hit with Compensating tax if they distribute capital allowances which they will qualify for after commissioning Olkaria 5 in 2019/2020 financial year...once bitten twice shy


They have already been exempted from paying compensating tax in the finance bill 2018
FUNKY
#71 Posted : Friday, June 21, 2019 1:31:40 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,560
sparkly
#72 Posted : Friday, June 21, 2019 3:12:45 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.
Life is short. Live passionately.
Metch
#73 Posted : Friday, June 21, 2019 3:42:27 PM
Rank: Member


Joined: 12/22/2015
Posts: 177
Location: Mombasa, Kenya
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.


Reminds me of Mumias...
Important is to keep your eyes peeled. Parachute out at the slightest sign of monkey business
Start!
MaichBlack
#74 Posted : Friday, June 21, 2019 7:28:24 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.

It normally works if semi autonomous offshoots are formed.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
sparkly
#75 Posted : Friday, June 21, 2019 10:32:11 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
Metch wrote:
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.


Reminds me of Mumias...
Important is to keep your eyes peeled. Parachute out at the slightest sign of monkey business


Yeah Mumias with ethanol plant, power generation, water bottling and dairy project. Utter labbish!
Life is short. Live passionately.
MaichBlack
#76 Posted : Sunday, June 23, 2019 6:49:39 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
MaichBlack wrote:
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.

It normally works if semi autonomous offshoots are formed.

General Electric is a good example...
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#77 Posted : Sunday, June 23, 2019 6:53:26 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
Metch wrote:
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.


Reminds me of Mumias...
Important is to keep your eyes peeled. Parachute out at the slightest sign of monkey business

Mumias was not killed by diversification. It was killed by the blatant rape, thuggery, corruption and plunder by some very well known professional thugs!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Fyatu
#78 Posted : Sunday, June 23, 2019 8:25:03 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,664
Location: Nakuru
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.


Agreed. This research institute will be used to siphone money out of the balance sheet and will act as an employment bureau for incompetent rela-thieves who who will earn hefty pay and fat allowances/per diems. It looks like the CEO has started growing horns with thoughtless ambitions. Shareholders must resist this move. It has corruption written all over it.
Dumb money becomes dumb only when it listens to smart money
sparkly
#79 Posted : Sunday, June 23, 2019 9:07:51 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
MaichBlack wrote:
MaichBlack wrote:
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.

It normally works if semi autonomous offshoots are formed.

General Electric is a good example...


General Electric is not a third world government owned utility company.
Life is short. Live passionately.
MaichBlack
#80 Posted : Monday, June 24, 2019 10:44:15 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
sparkly wrote:
MaichBlack wrote:
MaichBlack wrote:
sparkly wrote:
FUNKY wrote:
https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true


Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing.

Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions.

It normally works if semi autonomous offshoots are formed.

General Electric is a good example...


General Electric is not a third world government owned utility company.

So what exactly is your issue? Diversification or the fact that Kengen is a third world government owned utility company???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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