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Kenya Power HY 2015 PBT up 53%
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Impunity
#11 Posted : Tuesday, February 17, 2015 7:33:44 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Othelo
#12 Posted : Tuesday, February 17, 2015 7:41:53 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Cash flow aka cash management has improved. Good for future undertakings ama liquidation of loans.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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lochaz-index
#13 Posted : Tuesday, February 17, 2015 7:49:29 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?


The main purpose of the stock market is to make fools of as many people as possible.
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  | | Edit by user: Tuesday, February 17, 2015 7:52 PM | Reason: Not specified
lochaz-index
#14 Posted : Tuesday, February 17, 2015 7:51:34 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?


Don’t know about the moral bit but its fundamentally superb. It should be trading at a price of 20 in the short term and if it replicates the performance year on year 30 is well within the horizon. Recoup some if not all of your annual electricity bill through the aforementioned capital gains and some measly dividend to boot by investing at current price.
The main purpose of the stock market is to make fools of as many people as possible.
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lochaz-index
#15 Posted : Tuesday, February 17, 2015 8:37:22 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Sufficiently Philanga....thropic wrote:

At today's price of KES.16.95 and with a Forward EPS of 4.28, the stock is trading at a forward PER of 3.96


The metrics of this share are purely ridiculous on every count: p/e is way below sector average-using kengen's p/e the potential capital gains are even tastier, NAV is around 26 and projected fy2014 NAV should get us about 37 based on current H1 results, y/y profit growth in recent times is mind boggling though expected due to doubling of its connected customers accounts, respectable ROE and ROA considering its a utility firm, swapping of expensive debt for cheaper ones, measly dividends are to be expected given the capital expenditure in the pipeline. All in all absurd price discount by Mr. Market govt control notwithstanding.
The main purpose of the stock market is to make fools of as many people as possible.
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Sufficiently Philanga....thropic
#16 Posted : Tuesday, February 17, 2015 9:05:51 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
lochaz-index wrote:
Sufficiently Philanga....thropic wrote:

At today's price of KES.16.95 and with a Forward EPS of 4.28, the stock is trading at a forward PER of 3.96


The metrics of this share are purely ridiculous on every count: p/e is way below sector average-using kengen's p/e the potential capital gains are even tastier, NAV is around 26 and projected fy2014 NAV should get us about 37 based on current H1 results, y/y profit growth in recent times is mind boggling though expected due to doubling of its connected customers accounts, respectable ROE and ROA considering its a utility firm, swapping of expensive debt for cheaper ones, measly dividends are to be expected given the capital expenditure in the pipeline. All in all absurd price discount by Mr. Market govt control notwithstanding.

@SufficientlyP
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guru267
#17 Posted : Wednesday, February 18, 2015 6:48:22 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?


Spoken like a true Cordashian!
Mark 12:29
Deuteronomy 4:16
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derick
#18 Posted : Wednesday, February 18, 2015 8:41:22 AM
Rank: Member

Joined: 1/10/2015
Posts: 411
lochaz-index wrote:
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?



It's not right but we can say it is okay.
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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  | | Edit by user: Wednesday, February 18, 2015 8:42 AM | Reason: Not specified
The optimist
#19 Posted : Wednesday, February 18, 2015 8:45:28 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
guru267 wrote:
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?


Spoken like a true Cordashian!

I paraphrase your sentiments.'Is it wrong for a listed company to make money for the share holders?'
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mlennyma
#20 Posted : Wednesday, February 18, 2015 9:51:29 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?

this tells me were it not for greed our economy can grow tremendously and our competitiveness can immensely improve, unfortunately kenya power is one barrier mr. ruto has to crack for not passing benefits to our economy
"Don't let the fear of losing be greater than the excitement of winning."
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