KenGen: At Sh45, the bubble won’t burst
May 17, 2006
The KenGen share has made a mark on its first day of trading at the bourse to trade Sh45 proving pundits who had predicted a price of about Sh25 wrong.
It is a suprise start and I may bet with the pessimists that the share will not fall below this mark. People are hungry for money and and want to repay the borrowed cash especially the first timers.
As we have seen, there is a massive order for the KenGen share from the disappointed applicants meaning the demand is still high.
So, lets brace ourselves for a Sh100 mark by next week
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1.
Shiroh | May 17, 2006 at 4:19 am
62 close of deal
2.
THE PUBLISHER | May 20, 2006 at 2:09 am
Mwangi dont yu think its
rather too early to celebrate
about Kengen shares going up.
Remember, Kenyans have ben denied very
crucial information on power generation in this country.
We rely on dams and water availability
for power generation. I spoke to an ingeneer and he was telling me that the dam where Kengen is getting its power is slowly silting and will soon be unable to be used for power generation.
Kenya’ns must be able to study trends of other companies like Telecom that once boasted that every Kenyan will always be meking calls and sending letters, but with the inception of internet and mobiles, Telekom is now retrenching like hell.
Plus they must be honest on how they deal with funds. why did it take them two good months staying with people’s money before releasing it back….how sure are you that they have not been lending out the money at interest or simply invested it in Kengen when you think it is just staying idle in th bank.
If Kengen is to be fare, they should refund back the money with an interest, becoz that is exactly what they are getting with each day that the money stays in their custody..
No wonder the dollar has been stable for the last months, which is good for the country but bad to Kenyans.
The media needs to investigate these issues instead of focussing onpetty politics.
3.
BizKenya | May 22, 2006 at 3:50 am
Hello the publisher. I agree with your sentiments. Kengen need to diversify its source of power generation but what perturbs me is the unconfirmed reports of the insider trading which led to Eddy Njoroge being summoned by a parlimaentary committe.
As you maybe aware, the Njoroge club consists of non other than the Mbaru, and Transcentury which have a keen interst in the energy sector in Kenya as might be on course to buy the Shares beinh held by the employees.
On the issue of money, Kengen shiould have appointed twi receiving bank, you may guess how much KCB made from holding Sh26 Billion for 2 months.
In the end however, I see the share going up as it finds its niche
4.
Edmond Mrema Chinyama | October 15, 2009 at 9:11 am
Mine its aquestion but not acomment,how be an investor in thi bussiness?
5.
Edmond Mrema Chinyama | October 15, 2009 at 9:12 am
shares