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KPLC ANNUAL REPORT 2010
TUPAC
#1 Posted : Wednesday, October 20, 2010 9:03:30 AM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
the 2010 annual report is now available @ kplc.co.ke
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
VituVingiSana
#2 Posted : Thursday, October 21, 2010 11:55:39 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
After reading it... I think I will hang onto my shares for now... I will get Rights [I need to get the cash ready] but I might even apply for ADDITIONAL shares [need even more cash!]...

The prospects seem upbeat especially with the new meters being rolled out meaning better cashflow & lower bad debts!

The bad debts reduced from 1.99bn to 107mn... Perhaps even lower in 2011
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#3 Posted : Thursday, October 21, 2010 12:02:20 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
After reading it... I think I will hang onto my shares for now... I will get Rights [I need to get the cash ready] but I might even apply for ADDITIONAL shares [need even more cash!]...

The prospects seem upbeat especially with the new meters being rolled out meaning better cashflow & lower bad debts!

The bad debts reduced from 1.99bn to 107mn... Perhaps even lower in 2011


@VVS i think you saw I was right about them connecting 214,088 customers in 09/10..

they plan to connect 420,000 to the prepaid meters by dec 2011....

they've also significantly upgraded the system meaning less power outages...the increased used of hydro this year should also be better on the bottom line.


I'm definitely looking for the cash for my rights but I will not even bother applying for additional rights since I will waste time making lines to pick up my cheque when the application is denied
Mark 12:29
Deuteronomy 4:16
2012
#4 Posted : Thursday, October 21, 2010 12:11:03 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I'm so tempted to sell all my Kenol Kobil shares @10/- (bought @9.5/-) to acquire more KPLC. As for the rights I'd rather even take a loan than miss out.

BBI will solve it
:)
cnn
#5 Posted : Thursday, October 21, 2010 12:25:35 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
2012 wrote:
I'm so tempted to sell all my Kenol Kobil shares @10/- (bought @9.5/-) to acquire more KPLC. As for the rights I'd rather even take a loan than miss out.

You will be pinching yourself,five months down the line.Remember Co-op hovering around 9-10 bob for what seemed an eternity?.If the business is good the price will eventually follow.
Sober
#6 Posted : Thursday, October 21, 2010 12:59:56 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
I have been trying to make guys understand the importance of owning such shares (KPLC) at the bourse. I bought them 3 years ago expecting a share split because it had the highest par value of 20.00 a share.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
My 2 cents
#7 Posted : Thursday, October 21, 2010 1:58:13 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
I predict that the rights price will be Kshs. 20 per share
(This coming after the 1:8 split)

My earlier prediction of kshs. 18.4 may have been discounted too deep.
VituVingiSana
#8 Posted : Thursday, October 21, 2010 3:04:32 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
My 2 cents wrote:
I predict that the rights price will be Kshs. 20 per share
(This coming after the 1:8 split)

My earlier prediction of kshs. 18.4 may have been discounted too deep.

The numbers I keep on hearing are 160-170 (pre-split)...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
My 2 cents
#9 Posted : Thursday, October 21, 2010 3:29:23 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
The rights will come AFTER the split not before. So just split the above prices by 8; 21.25 - 20

The register will be closed 8th Nov, AGM is on the 10th Nov. Probably the distributio of the IM and the PAL wil be 2/3 weeks after the AGM.

The rights offer may be from late Nov to late Dec. But certainly before the year ends.

I am already looking for money.
mkonomtupu
#10 Posted : Thursday, October 21, 2010 3:47:58 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
KPLC is not a company that utilizes capital efficiently, too much bureaucracy and too much waste on non-core activities. Am still waiting for the rights prospectus
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