mwanahisa wrote:They are good results but not great. I am a little dissapointed to be honest, especially by the dividend. I had presumed that the increase of the interim div from Kshs 2 to 3 signalled an intention to increase the full year dividend. I had anticipated that the final dividend would be Kshs 7 to round up the figure to Kshs 10.
Same here but my gut tells me the reason was to keep a lid on anti-KPLC sentiments including COTU (strike threats) & customer/consumer backlash...
Also KPLC is going for a Rights Issue sooner than later... So why pay a higher dividend when you ask the same shareholders for money back?
IMHO, KPLC should have paid a 'small' bonus just to assuage shareholders & withheld the dividend... Or pay a Scrip Dividend
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett