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Kenya power
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StatMeister
#41 Posted : Friday, July 06, 2012 11:51:25 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
mwekez@ji wrote:
Aguytrying wrote:
mwekez@ji wrote:
@Aguytrying et al, what do you see as the corporate action come year end. Last year they stunned by giving a miniature final dividend of KES 0.10 and controversial 1:8 bonus


I've thought about that, actually smile thanks for asking. My estimate is 1:10 to 1:8 for the next 2 years. There was Around 600,000 shares un-issued left after 2011 bonus issue. They gave around 300,000 shares last time with the 1:8.
So I am estimating 300,000 shares bonus issue per year for two years that this year 2012, and next year 2013. which gives 1:8 to 1:10


I honestly dont think that is a corporate action to look forward to. The bonus will hurt share price. Look at what @young is saying about such action in stanbic uganda.

If they raise the paltry final dividend by 100%, one gets KES 0.20 per share which is a mere 1.3% yield at the current price of KES 15.15. I see most wazuans led by @stocksmaster are targeting 10% yield

We, or rather I, can there conclude that on matter relating to corporate action, KP scores poorly.

What then makes KP 'a buy'? Genghis Capital has rated this company a buy with a target price of KES 22


Weka Rink
A bad day fishing is better than a good day at work
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Thiong'o
#42 Posted : Friday, July 06, 2012 2:55:26 PM
Rank: Member

Joined: 10/14/2011
Posts: 661
StatMeister wrote:
mwekez@ji wrote:
Aguytrying wrote:
mwekez@ji wrote:
@Aguytrying et al, what do you see as the corporate action come year end. Last year they stunned by giving a miniature final dividend of KES 0.10 and controversial 1:8 bonus


I've thought about that, actually smile thanks for asking. My estimate is 1:10 to 1:8 for the next 2 years. There was Around 600,000 shares un-issued left after 2011 bonus issue. They gave around 300,000 shares last time with the 1:8.
So I am estimating 300,000 shares bonus issue per year for two years that this year 2012, and next year 2013. which gives 1:8 to 1:10


I honestly dont think that is a corporate action to look forward to. The bonus will hurt share price. Look at what @young is saying about such action in stanbic uganda.

If they raise the paltry final dividend by 100%, one gets KES 0.20 per share which is a mere 1.3% yield at the current price of KES 15.15. I see most wazuans led by @stocksmaster are targeting 10% yield

We, or rather I, can there conclude that on matter relating to corporate action, KP scores poorly.

What then makes KP 'a buy'? Genghis Capital has rated this company a buy with a target price of KES 22


Weka Rink


Wazua goggle group
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mwekez@ji
#43 Posted : Saturday, July 07, 2012 12:30:24 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Thiong'o wrote:
StatMeister wrote:
mwekez@ji wrote:
Aguytrying wrote:
mwekez@ji wrote:
@Aguytrying et al, what do you see as the corporate action come year end. Last year they stunned by giving a miniature final dividend of KES 0.10 and controversial 1:8 bonus


I've thought about that, actually smile thanks for asking. My estimate is 1:10 to 1:8 for the next 2 years. There was Around 600,000 shares un-issued left after 2011 bonus issue. They gave around 300,000 shares last time with the 1:8.
So I am estimating 300,000 shares bonus issue per year for two years that this year 2012, and next year 2013. which gives 1:8 to 1:10


I honestly dont think that is a corporate action to look forward to. The bonus will hurt share price. Look at what @young is saying about such action in stanbic uganda.

If they raise the paltry final dividend by 100%, one gets KES 0.20 per share which is a mere 1.3% yield at the current price of KES 15.15. I see most wazuans led by @stocksmaster are targeting 10% yield

We, or rather I, can there conclude that on matter relating to corporate action, KP scores poorly.

What then makes KP 'a buy'? Genghis Capital has rated this company a buy with a target price of KES 22


Weka Rink


Wazua goggle group
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yaserbigchair
#44 Posted : Saturday, July 07, 2012 3:59:54 PM
Rank: Member

Joined: 7/19/2006
Posts: 118
Location: Mombasa
I did tell people to sell this stock but very many ignored me.

@itz I guess you are talking about me!

and the latest information being "the end of monopoly" are you aware of this? if yes BEAWARE!

Sound that I love most: Is the ringing bell of Stock Market.
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PKoli
#45 Posted : Sunday, July 08, 2012 12:17:01 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
yaserbigchair wrote:
I did tell people to sell this stock but very many ignored me.

@itz I guess you are talking about me!

and the latest information being "the end of monopoly" are you aware of this? if yes BEAWARE!



So who is gonna control the business that KP is currently in. You must have advised guys to sell EABL when Keroche appeared!
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guru267
#46 Posted : Sunday, July 08, 2012 7:15:03 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
yaserbigchair wrote:
I did tell people to sell this stock but very many ignored me.

@itz I guess you are talking about me!

and the latest information being "the end of monopoly" are you aware of this? if yes BEAWARE!



Just #@%&€$!!! Shame on you
Mark 12:29
Deuteronomy 4:16
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yaserbigchair
#47 Posted : Monday, July 09, 2012 8:16:27 AM
Rank: Member

Joined: 7/19/2006
Posts: 118
Location: Mombasa
@PKoli good joke... but I am taliking sense. Most counties will be run by businessmen and they will fight for this market.

For example here in Mombasa, we will surely give Mr. Shahbal the votes to be our Governer, imagine a very wealthy businessman from Banking (where he can get money easily), Energy (ability to produce electricity) and politician (authority to make and amend by-laws) can do with the removal of KPLC monopoly.

Personally I am tired with KPLC on pricing.

Second note to consider... don't you think Mumias will be ready to sell their electricity to another company at a better price???

@guru... haven't you sell your KPLC??? YET!

Otherwise KPLC will anounce a good result and I can buy now but for a very short time. Then pull out forever!
Sound that I love most: Is the ringing bell of Stock Market.
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PKoli
#48 Posted : Monday, July 09, 2012 1:26:48 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
yaserbigchair wrote:
@PKoli good joke... but I am taliking sense. Most counties will be run by businessmen and they will fight for this market.

For example here in Mombasa, we will surely give Mr. Shahbal the votes to be our Governer, imagine a very wealthy businessman from Banking (where he can get money easily), Energy (ability to produce electricity) and politician (authority to make and amend by-laws) can do with the removal of KPLC monopoly.

Personally I am tired with KPLC on pricing.

Second note to consider... don't you think Mumias will be ready to sell their electricity to another company at a better price???

@guru... haven't you sell your KPLC??? YET!

Otherwise KPLC will anounce a good result and I can buy now but for a very short time. Then pull out forever!


@Yaser,

If Shahbal will invest in the generation then he will have his power transmitted by KETRACO and distributed by KPLC. In the supply chain, KP is still the king!
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slykat
#49 Posted : Monday, July 09, 2012 1:38:49 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
Pkoli,

Am sure that's what they said about Telkom kenya. That it was King. KP is like Telkom.
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the deal
#50 Posted : Monday, July 09, 2012 1:40:18 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
FYI: Generation (Kengen)--->Transmission (Kenatraco)--->Distribution (Kenya Power).

In other countries the generation and transmission is handled by one company I.e Eskom of SA. The distribution is left to regions, provinces and independent companies, so counties in Kenya can distribute their own power bought from Kengen & other IPP's cutting out KP in the process.
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  | | Edit by user: Monday, July 09, 2012 1:43 PM | Reason: Not specified
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