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Tuesday 11 February 2014

FRONTIER MARKETS (KPLC)

Had a chat during the weekend with someone who was involved in planning for an energy company. She confirmed that the law was indeed amended to accommodate an alternative distributor and that actually the alternative distributor is in the final stages before launching.  There is just some funding issues but they will use the currently existing national grid. I would expect share to dip once its official on the launch and would possibly advice reducing exposure in this company. Meanwhile Kengen is preparing for a rights issue, I would expect investors to exercise the rights but oh well, the market has its surprises.

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