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KPLC dishes out the biggest dividend of the year.
BGL
#1 Posted : Thursday, October 29, 2009 1:13:00 AM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
While all electricity consumers are complaining of huge electricity bills,KPLC shareholders are indeed a very happy lot. After a very long wait,they have announced a whooping 82.7% increase in net profit translating to an extraordinarily un-imaginable EPS of Ksh40.78 (Daily Nation pp 27).

It reminds me of the lectures of Fred Mweni of Academy of Savvy Investors who once said 'Instead of complaining all day and night about huge electricity bills its better to purchase KPLC stock after all you can not do without electricity'. Make no mistake! even the KPLC shareholders pay the huge bills but unlike everyone else they are smiling all the way to the bank.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
VituVingiSana
#2 Posted : Thursday, October 29, 2009 2:19:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
KPLC needs to invest heavily into the network.... profit is NOT cashflow... furthermore,if they split them 10x (like Kenol or 5x like EABL or gave bonuses... then the EPS would drop)... Equity gave 3x bonus then 10x split... so the EPS 'dropped' otherwise if all the EPS would be HUGE...!!!

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Seles83
#3 Posted : Thursday, October 29, 2009 5:07:00 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Wow...Wow....I see my portofolio WILL make me smile now...KPLC is not an NGO...



In the end....nothing really matters!!
More monies, more problems...
VituVingiSana
#4 Posted : Thursday, October 29, 2009 6:32:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Also deduct 1.23bn from the PAT... coz preferred divs are paid from PAT profits... so the EPS is lower by 15/- or so...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#5 Posted : Thursday, October 29, 2009 7:45:00 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
KPLC investors must be smiling all the way to the bank,after the firm posted bumper profits in this bear they went on to announce a dividend of Ksh6 per share...books close 26-11-091

The turtle always win the race.
aemathenge
#6 Posted : Thursday, October 29, 2009 7:50:00 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
Could you be so kind and post your comment under 'investments? Thats a nice chap.

My belated welcome to Stockskenyadotcom



Live hard,die hard.
meshaque
#7 Posted : Thursday, October 29, 2009 8:32:00 AM
Rank: Member

Joined: 6/17/2008
Posts: 36
Location: Nairobi
what do esteemed SKerians Think abt the results Directors have recommended a final div of 6 per share,bringing the total div for the year to Sh 8.

Good news for shareholders. may be too late though to jump in the bus...



mesh
the deal
#8 Posted : Thursday, October 29, 2009 8:34:00 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Hey its now under investment...if it's good 4 ur ego...lol...KPLC shares have just gained 9 points...time to sell.

The turtle always win the race.
cnn
#9 Posted : Thursday, October 29, 2009 9:28:00 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
This is a sweet one,i had said 120 was cheap for this counter,its time for those of us who saw the opportunity to make their money.

see it through my lens?
VituVingiSana
#10 Posted : Thursday, October 29, 2009 9:48:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Even AFTER deducting 15/- from EPS for the preferred shares dividend... the EPS is 25/- (payout ratio of 30%)... PE of only 6x

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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