Just40:

He was trying to compare kengen that is worth only 170 million to VRA, inorder to do that, he must devalue VRA so kengen can match.

That kid is crazy as F

VRA installed capacity of 2600mw has made losses in six years in a row ..kengen 2000mw has never made loss in it's history..it shares floated..it now a world leader in geothermal power that is contracted by other countries to dig 5km rigs inside the earth crust.Kengen total revenues are 600m dollars ..VRA is a loss making thing no sane person will buy..first let it be profitable before you think it's of valuation.

rvp20182:
It easy to know the value of an asset because it's not unique to Ghana...you can use kengen which is floated as model..you can use Eskom...you can use hundreds of such utility companies to know it's worth.VAR first has to make at least 5yrs of profit before it can be allowed to be sold say through IPO because as of now it's worthless piece of indebted crap that has been making six years of losses.Who will buy such? How does a utility company like that makes losses? It can't even pay for Nigeria gas and you're talking thermal units.Youre typical west African baboons

VRA has made profit every year since it inception... The VRA which has several companies under it mandate made loses for 5 years of power crisis in Ghana ending 2018 because of it investment mandate in several gas projects in order to switch from HFO to gas which brought their valuation to 24 billion dollars in 2020 and currently at 30 billion dollars in 2022 after acquiring more.

Go to bed... Nothing in Kenya is as valuable as GNPC or VRA or Ghana Gas ..
These are the companies that have been repaying all of Ghana debt since 2010. And they've chopped a greater portion of Ghana debt.

Just40:
VRA has made profit every year since it inception... The VRA which has several companies under it mandate made loses for 5 years of power crisis in Ghana ending 2018 because of it investment mandate in several gas projects in order to switch from HFO to gas which brought their valuation to 24 billion dollars in 2020 and currently at 30 billion dollars in 2022 after acquiring more.

Go to bed... Nothing in Kenya is as valuable as GNPC or VRA or Ghana Gas ..
These are the companies that have been repaying all of Ghana debt since 2010. And they've chopped a greater portion of Ghana debt.

VRA has made losses in six years...that stubborn fact and just made little profit last year.Nobody will want such piece of crap however it's potential.Secondly why is your gov borrowing money for you SOEs.No wonder you're ever bankrupted.In Kenya SOEs borrow and pay for their debt...gov is just the guarantor sometimes..and rarely step in
VRA if it was profitable and we'll run would borrow their own money and repay but because it's worthless poorly run it's saddled your gov with debt.I was wondering what mad man was ranting about borrowing for profitable venture...in Kenya we borrow to build roads or such...not to invest in SoEs.SoEs borrow their own money from commercial banks. If kengen want to build a power plant they go to say Japan and borrow if they can't meet all the money...Kenya gov is not even aware that it will borrow when or how... those details.. unless it starts to struggle

rvp20182:
Learn to read carefully... Safaricom at 38 was worth 18b...there is bear market globally and therefore it's value is depressed.The company valuation at start is assets minus liabilities plus ability to make profit..NPP has just made profit once in 20yrs that Nigeria senators says it was sleepy Buhari cooking books.That thing is useless because it's made losses for 40yrs.Try to IPO or sell it so you know the price

You are not smart. The valuation of Safaricom is less than$9bn. How can that ever compare to NNPC with it's vast assets and oil and gas reserves? I used to think you were different from the likes of suffering smiling, the shema.le and gallipig. Now I see no difference.

Just40:
VRA has made profit every year since it inception... The VRA which has several companies under it mandate made loses for 5 years of power crisis in Ghana ending 2018 because of it investment mandate in several gas projects in order to switch from HFO to gas which brought their valuation to 24 billion dollars in 2020 and currently at 30 billion dollars in 2022 after acquiring more.

Go to bed... Nothing in Kenya is as valuable as GNPC or VRA or Ghana Gas ..
These are the companies that have been repaying all of Ghana debt since 2010. And they've chopped a greater portion of Ghana debt.

The ninny is fighting a lost battle as usual. You don't compare a stupid $8bn company half owned by foreigners to an oil company with reserves of crude oil.

obaaderemi:
You are not smart. The valuation of Safaricom is less than$9bn. How can that ever compare to NNPC with it's vast assets and oil and gas reserves? I used to think you were different from the likes of suffering smiling, the shema.le and gallipig. Now I see no difference.

A loss making company for 40yrs being propped by external borrowing is worthy negative...it costing you.Safaricom shares will go up once Fed reduces interests and foreign investor return.Safaricom is a jewel and Npp a burden.You think just because Saudi Amarco is big the Npp is big...why the forthy years of losses.Obaboon 40yrs Npp has made losses

obaaderemi:
The ninny is fighting a lost battle as usual. You don't compare a stupid $8bn company half owned by foreigners to an oil company with reserves of crude oil.

DRC is worthy 40 trillion in reserves but I won't buy it for a dollar.NPP has made losses for fourthy years because it worthless .Every country has those reserves of minerals...but nobody serious can value such as wealth...until you extract and sell it profitably..Npp has failed for fourthy years ... just imagine 40 yrs

rvp20182:
VRA installed capacity of 2600mw has made losses in six years in a row ..kengen 2000mw has never made loss in it's history..it shares floated..it now a world leader in geothermal power that is contracted by other countries to dig 5km rigs inside the earth crust.Kengen total revenues are 600m dollars ..VRA is a loss making thing no sane person will buy..first let it be profitable before you think it's of valuation.

Kengen only has 1,200MW

Kengen is value at 170 million dollars with revenue flow of 370 million

That's peanuts

If we decide to list VRA, GNPC, EXPLORCO, Ghana Gas and Gridco alone on the Ghana stock exchange... They will easily drive the stock exchange to be 120 billion dollars worth.

We have shelved those decisions because those companies are already managed like private companies and are able to borrow on their own balance sheet while govt just becomes a guarantor.
Out of Ghana 54 billion debt, these companies own 34 billion of it on their balance sheet.
In actual sense, Ghana govt real debt is just 20 billion dollars.

Just40:
Kengen only has 1,200MW

Kengen is value at 170 million dollars with revenue flow of 370 million

That's peanuts

If we decide to list VRA, GNPC, EXPLORCO, Ghana Gas and Gridco alone on the Ghana stock exchange... They will easily drive the stock exchange to be 120 billion dollars worth.

We have shelved those decisions because those companies are already managed like private companies and are able to borrow on their own balance sheet while govt just becomes a guarantor.
Out of Ghana 54 billion debt, these companies own 34 billion of it on their balance sheet.
In actual sense, Ghana govt real debt is just 20 billion dollars.

Nobody will allow a loss maker to be listed ..that sure way to kill investment of poor people...make them profitable first for at least five years.For now you can quote any random number your deranged mind can think about

rvp20182:
VRA has made losses in six years...that stubborn fact and just made little profit last year.Nobody will want such piece of crap however it's potential.Secondly why is your gov borrowing money for you SOEs.No wonder you're ever bankrupted.In Kenya SOEs borrow and pay for their debt...gov is just the guarantor sometimes..and rarely step in
VRA if it was profitable and we'll run would borrow their own money and repay but because it's worthless poorly run it's saddled your gov with debt.I was wondering what mad man was ranting about borrowing for profitable venture...in Kenya we borrow to build roads or such...not to invest in SoEs.SoEs borrow their own money from commercial banks. If kengen want to build a power plant they go to say Japan and borrow if they can't meet all the money...Kenya gov is not even aware that it will borrow when or how... those details.. unless it starts to struggle

Fortunately, VRA is properly run like a private company and has borrowed on it balance sheet to own several assets. Which has made it a very large company by valuation.
Because it is properly runned, we opted not to list it in the stock market for now until we urgently need money.

obaaderemi:
The ninny is fighting a lost battle as usual. You don't compare a stupid $8bn company half owned by foreigners to an oil company with reserves of crude oil.

he is mad

He's comparing 35% ownership to 100% ownership here.

Just40:
Fortunately, VRA is properly run like a private company and has borrowed on it balance sheet to own several assets. Which has made it a very large company by valuation.
Because it is properly runned, we opted not to list it in the stock market for now until we urgently need money.

Now the story has changed.Facts are stubborn.Quick google fact checking mad man is enough to know VRA has had six years of losses...can't even pay Nigeria for gas without waking sleepy Buhari to fly to Ghana and demand payment..not only making financial losses, indebting Ghanaian and now causing diplomatic rows.You can't compare to kengen flying Kenya flag high as it wins geothermal contracts abroad

rvp20182:
Nobody will allow a loss maker to be listed ..that sure way to kill investment of poor people...make them profitable first for at least five years.For now you can quote any random number your deranged mind can think about

VRA has been profitable for more than 50 years ... Ghanaians kicked against it listing because we saw it as a way of privatizing it in 2017.

There's no need listing a company that is privately run and can borrow on it balance sheet

Just40:
he is mad

He's comparing 35% ownership to 100% ownership here.

Madcow unlike west African baboons now pleading with MTN not repatriate profit...we own telcom sector... because when Vodafone came in 1990s to start mobile..like everything we demanded more than 50 percent shareholding..they got 35 percent and Kenya gov got 60 percent..moi got 5 percent..Kenya gov then sold 25 percent to Kenyans .IPO attracted a million subscription... nearly everyone got a piece of it.There was so many shareholders safaricom AGM are held in stadium but now online... everything had to change because a million shareholders

Just40:
VRA has been profitable for more than 50 years ... Ghanaians kicked against it listing because we saw it as a way of privatizing it in 2017.

There's no need listing a company that is privately run and can borrow on it balance sheet

madman if we can't even agree on basic verifiable facts that it had made six years of losses and just got first profit of mere 120 m cedis then surely we are just heckling like west African bonobos in the zoo

rvp20182:
Now the story has changed.Facts are stubborn.Quick google fact checking mad man is enough to know VRA has had six years of losses...can't even pay Nigeria for gas without waking sleepy Buhari to fly to Ghana and demand payment..not only making financial losses, indebting Ghanaian and now causing diplomatic rows.You can't compare to kengen flying Kenya flag high as it wins geothermal contracts abroad

You're not smart... There's a difference between VRA and VRA group.
VRA is never made a loss but the group holding for 5 years. The group holding has several obligation to bring various energy assets under it umbrella.

VRA has the ability to hold payment when obligations are not met.. Revenue flows in it fuel business alone is worth 2 billion dollars.. VRA just paid 750 million dollars to Ghana gas for fuel supplied and paid NNPC of Nigeria for it gas after both companies settled their obligations to each other.

VRA has gone on to reduce gas demand from Nigeria to just 50scfd because Ghana Gas Sankofa gas field has come onstream. An 8 billion dollars investment from GNPC to develop with VRA as a priority offtaker...

These monies are too large for any Kenyan company to fantom

Just40:
You're not smart... There's a difference between VRA and VRA group.
VRA is never made a loss but the group holding for 5 years. The group holding has several obligation to bring various energy assets under it umbrella.

VRA has the ability to hold payment when obligations are not met.. Revenue flows in it fuel business alone is worth 2 billion dollars.. VRA just paid 750 million dollars to Ghana gas for fuel supplied and paid NNPC of Nigeria for it gas after both companies settled their obligations to each other.

VRA has gone on to reduce gas demand from Nigeria to just 50scfd because Ghana Gas Sankofa gas field has come onstream. An 8 billion dollars investment from GNPC to develop with VRA as a priority offtaker...

These monies are too large for any Kenyan company to fantom

You don't make any sense at all.VRA has made six years of losses, can't pay for gas without waking sleepy Buhari and has indebted & now sunk your economy twice in a decade..in 2015 and now..that thing is not only worthless...it a strain.If you to IPO.. nobody sane will buy..even if you value it at dollar...it going to do right issues immediately or capital call of billions .It's not even worth a cedi.. single cedi..it's negative

rvp20182:
Madcow unlike west African baboons now pleading with MTN not repatriate profit...we own telcom sector... because when Vodafone came in 1990s to start mobile..like everything we demanded more than 50 percent shareholding..they got 35 percent and Kenya gov got 60 percent..moi got 5 percent..Kenya gov then sold 25 percent to Kenyans .IPO attracted a million subscription... nearly everyone got a piece of it.There was so many shareholders safaricom AGM are held in stadium but now online... everything had to change because a million shareholders

The Ghanaian govt own 100% of AirtelTigo business.

Your Safaricom can't be compared to any of the companies you want to compare it with.. First manage to own 100% of it and then we can start talking about how you'll compare it to Ghana Gas which is valued at 15 billion dollars.

rvp20182:
madman if we can't even agree on basic verifiable facts that it had made six years of losses and just got first profit of mere 120 m cedis then surely we are just heckling like west African bonobos in the zoo

crazy kid

Keep making noise.... You'll need to combine all the things that Kenyan govt doesn't own inorder to compare with VRA.

Just40:
The Ghanaian govt own 100% of AirtelTigo business.

Your Safaricom can't be compared to any of the companies you want to compare it with.. First manage to own 100% of it and then we can start talking about how you'll compare it to Ghana Gas which is valued at 15 billion dollars.

Why it it called airtel and tigo two external brand.Kenya gov own 100 percent of Telkom kenya plus 35 plus custodian of public in Safaricom.kenya gov picked the CEO.Every sector kenya gov operates.This is not a zoo

Just40:
crazy kid

Keep making noise.... You'll need to combine all the things that Kenyan govt doesn't own inorder to compare with VRA.

We don't want a piece of that crap .. Buhari should seize it next you can't pay for gas if debt holders don't.VRA bankrupted Ghana in 1962 and send Kwame Nkrumah to exile...gave you military rule until 2000s.. bankrupted you in 2015...and now again.That thing is a curse.You should have compensated the land owners you flooded their farms with Akosombo dam.Kwame just flooded thousands of people farms and soon bankrupted Ghana..died in exile..and the curse continues.Try to compensate those people their golden stool drowned

rvp20182:
You don't make any sense at all.VRA has made six years of losses, can't pay for gas without waking sleepy Buhari and has indebted & now sunk your economy twice in a decade..in 2015 and now..that thing is not only worthless...it a strain.If you to IPO.. nobody sane will buy..even if you value it at dollar...it going to do right issues immediately or capital call of billions .It's not even worth a cedi.. single cedi..it's negative

Yet VRA fuel business revenue flows is around 2 billion dollars . is that not more than 10 times the size of your kengen?
That's the amount it it spend acquiring fuel for various companies including private companies in various sectors.

Investors were busy lining up to buy VRA off in 2017 but for the vigilance of Ghanaians. The likes of Franklin Templeton Investment with 1.3 Trillion dollars in asset under management, a fund that is friendly to the Finance minister of Ghana.
These guys were busy lining up to buy off VRA
These were the same guys behind attempt to sell of ECG which was resisted by Ghanaians.

Your kengen is less valuable so it can't attract these huge funds

Just40:
Yet VRA fuel business revenue flows is around 2 billion dollars . is that not more than 10 times the size of your kengen?
That's the amount it it spend acquiring fuel for various companies including private companies in various sectors.

Investors were busy lining up to buy VRA off in 2017 but for the vigilance of Ghanaians. The likes of Franklin Templeton Investment with 1.3 Trillion dollars in asset under management, a fund that is friendly to the Finance minister of Ghana.
These guys were busy lining up to buy off VRA

usual madness throwing usual figures baboon

I see you bought AirtelTigo for a dollar..I doubt it's operating .VRA is worth the same a dollar...because nobody will buy a loss making machine ..losses in six years in a row https://www.bloomberg.com/news/articles/2021-04-30/ghana-seeks-to-stabilize-airteltigo-after-buying-operator-for-1

rvp20182:
Why it it called airtel and tigo two external brand.Kenya gov own 100 percent of Telkom kenya plus 35 plus custodian of public in Safaricom.kenya gov picked the CEO.Every sector kenya gov operates.This is not a zoo

The Ghanaian govt compel them to merge and the both had 5 million subscribers before merger. That's 10 million subscribers under it

Just40:
The Ghanaian govt compel them to merge and the both had 5 million subscribers before merger. That's 10 million subscribers under it

Already read...a dollar..I guess it raked up unpaid debt.Let see if you will run it.With your bonobos in gov I doubt it will last 2yrs

rvp20182:
Why it it called airtel and tigo two external brand.Kenya gov own 100 percent of Telkom kenya plus 35 plus custodian of public in Safaricom.kenya gov picked the CEO.Every sector kenya gov operates.This is not a zoo

The Ghanaian govt compel them to merge and the both had 5 million subscribers before merger. That's 10 million subscribers under it

rvp20182:
We don't want a piece of that crap .. Buhari should seize it next you can't pay for gas if debt holders don't.VRA bankrupted Ghana in 1962 and send Kwame Nkrumah to exile...gave you military rule until 2000s.. bankrupted you in 2015...and now again.That thing is a curse.You should have compensated the land owners you flooded their farms with Akosombo dam.Kwame just flooded thousands of people farms and soon bankrupted Ghana..died in exile..and the curse continues.Try to compensate those people their golden stool drowned

That flooding created the largest lake by volume in the world providing water for irrigation.

It also created a large company that Kenya will be happy to have. Unfortunately Kenya does not have the money or a company that valuable to compare with.
The likes of Franklin Templeton Investment will be happy to own an asset worth 30 billion dollars

rvp20182:
usual madness throwing usual figures baboon

those are just facts kiddo ... Stop masterbating on the platform with all these tantrums.

Combine all Kenyan valueless SOEs and maybe you'll get to Ghana gas in valuation

rvp20182:
I see you bought AirtelTigo for a dollar..I doubt it's operating .VRA is worth the same a dollar...because nobody will buy a loss making machine ..losses in six years in a row https://www.bloomberg.com/news/articles/2021-04-30/ghana-seeks-to-stabilize-airteltigo-after-buying-operator-for-1

yes we did for just 1 dollar.. yes it's operating with 10 million subscribers. Every Telkom In Ghana is own by NCA even without portfolio holding ... The operators are just managers of the spectrum which they lease.

That is the kind of smart contracts that the govt of Ghana sell

rvp20182:
Already read...a dollar..I guess it raked up unpaid debt.Let see if you will run it.With your bonobos in gov I doubt it will last 2yrs

We've already been running it for 2 years..
Next joke

Just40:
That flooding created the largest lake by volume in the world providing water for irrigation.

It also created a large company that Kenya will be happy to have. Unfortunately Kenya does not have the money or a company that valuable to compare with.
The likes of Franklin Templeton Investment will be happy to own an asset worth 30 billion dollars

Don't you get tired of yapping aimlessly and making figures as you go? What's the purpose?