Both Kengen and KPLC produced one of the best pre-tax profit yoy compared to its peers in industrials.
Kengen :- The worst is over for this wobbling company. With a 52 week low of 9 Bob and a high of 18 bob in the period under review,things will be looking up on the long term.
Thumps up for successfully floating a whooping 25BN ksh infrastructure bond that was over subscribed rather than floating another ipo. It is a direct response to the mood of the market and it shows investors confidence on the future of the counter.
The worst is over with regards to the rampaging drought that impacted negatively on her hydroelectric power generating ability and with a view to investing in geothermal power,kengen will shine in the nearest future factoring in the bond re-payment shedule.
Another increase in tariff due to high demand may not be inevitable in the near future.
The down side is the management team of Kengen but the positive impact due to above facts will definately outweigh management deficiencies.
Just like the general of this forum I Intend to key in and offer myself as one of the ideots (courtesy my friend Mainat) that is looking forward to invest ng in the next few months (before new year) in Kengen.
KPLC
It is very certain that things would be looking up for the electricity distribution company. Impressive 48 Perc pre tax proit,good management and good EPS growth rate,I am a ready recruit to tap into the mighty KPLC.
A Stock split cum bonus is invetiable within the next two years for this electricity giant. It will be a direct beneficiary of the post drought hydro electric power and the future geothermal efforts of Kengen. KPLC unto thy hands I come
LASTLINE
I neither hold Kengen nor KPLC shares,but from the look of things I will soon buy them For Every 100 bob,I will invest 65 in KPLC and 35 bob in Kengen. This will add to my long drawn positions of consistently consist EABL,and also the building materials shinning star ARM,which I already have substantial shares.
My thoughts as a long term foreign retail investor in NSE.
AFRICAN INVESTOR
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .