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Kenya Power HY 2015 PBT up 53%
guru267
#81 Posted : Monday, March 30, 2015 6:44:41 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
murchr wrote:
Business Daily wrote:
Electricity distributor Kenya Power plans to extend its fibre optic cable connections to cover all counties as it seeks to quadruple its earnings from the new revenue stream to Sh1 billion by the end of next year.


Why do these reporters keep referring publicly traded companies as "State Owned"???


If GOK owns more than 50% it is state owned... pretty simple!
Mark 12:29
Deuteronomy 4:16
MaichBlack
#82 Posted : Wednesday, April 01, 2015 11:34:06 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,858
Link: Yet more reasons to #StayInvested
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
murchr
#83 Posted : Wednesday, April 01, 2015 2:34:22 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
guru267 wrote:
murchr wrote:
Business Daily wrote:
Electricity distributor Kenya Power plans to extend its fibre optic cable connections to cover all counties as it seeks to quadruple its earnings from the new revenue stream to Sh1 billion by the end of next year.


Why do these reporters keep referring publicly traded companies as "State Owned"???


If GOK owns more than 50% it is state owned... pretty simple!



State owned vs state sponsored....They say the same thing for KQ. What say you of Fannie Mae?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
guru267
#84 Posted : Wednesday, April 01, 2015 6:15:34 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
murchr wrote:
guru267 wrote:
murchr wrote:
Business Daily wrote:
Electricity distributor Kenya Power plans to extend its fibre optic cable connections to cover all counties as it seeks to quadruple its earnings from the new revenue stream to Sh1 billion by the end of next year.


Why do these reporters keep referring publicly traded companies as "State Owned"???


If GOK owns more than 50% it is state owned... pretty simple!



State owned vs state sponsored....They say the same thing for KQ. What say you of Fannie Mae?


Its very simple... If GOK owns more than 50% it's state owned..

KQ and KCB are not state owned but Kenya re, Kenya Power and Kengen are state owned!
Mark 12:29
Deuteronomy 4:16
sparkly
#85 Posted : Wednesday, April 01, 2015 7:07:29 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
murchr wrote:
guru267 wrote:
murchr wrote:
Business Daily wrote:
Electricity distributor Kenya Power plans to extend its fibre optic cable connections to cover all counties as it seeks to quadruple its earnings from the new revenue stream to Sh1 billion by the end of next year.


Why do these reporters keep referring publicly traded companies as "State Owned"???


If GOK owns more than 50% it is state owned... pretty simple!



State owned vs state sponsored....They say the same thing for KQ. What say you of Fannie Mae?


Its very simple... If GOK owns more than 50% it's state owned..

KQ and KCB are not state owned but Kenya re, Kenya Power and Kengen are state owned!


Maybe you mean Majority owned by State.
Life is short. Live passionately.
sparkly
#86 Posted : Wednesday, April 01, 2015 7:10:09 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi


The majority of the exiting managers had been asked to apply afresh for the fewer top jobs that were left after the restructuring, but were not successful.

β€œThe new positions were advertised internally and externally so we can promote staff with potential and also bring in new blood,” said Dr Chumo, adding that Kenya Power is moving to a leaner organisational structure that involves the merger of some management functions.


I don't see the reason to fire when expanding. This is a ploy to replace "certain people" with "certain people"
Life is short. Live passionately.
VituVingiSana
#87 Posted : Sunday, April 05, 2015 8:29:50 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
And has KPLC accounted for the non-collectible receivables?
How bad are these OVERDUE Bills?
Many of those who have not paid have probably accumulated these over many months. And these amounts e.g. an estimated 1bn for Mumias cannot be collected thus requiring a write-off.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
murchr
#88 Posted : Friday, April 17, 2015 5:53:25 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
jerry
#89 Posted : Friday, April 17, 2015 6:46:34 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
sparkly wrote:
guru267 wrote:
murchr wrote:
guru267 wrote:
murchr wrote:
Business Daily wrote:
Electricity distributor Kenya Power plans to extend its fibre optic cable connections to cover all counties as it seeks to quadruple its earnings from the new revenue stream to Sh1 billion by the end of next year.


Why do these reporters keep referring publicly traded companies as "State Owned"???


If GOK owns more than 50% it is state owned... pretty simple!



State owned vs state sponsored....They say the same thing for KQ. What say you of Fannie Mae?


Its very simple... If GOK owns more than 50% it's state owned..

KQ and KCB are not state owned but Kenya re, Kenya Power and Kengen are state owned!


Maybe you mean Majority owned by State.

Parastatal?
The opposite of courage is not cowardice, it's conformity.
MoneyMonger
#90 Posted : Sunday, April 26, 2015 6:19:18 PM
Rank: Member

Joined: 4/25/2012
Posts: 110


KPLC is having problems with unpaid bills from consumers and now rethinking the pre-paid system, which was supposed to actually remedy the situation. Does anyone have the distribution of how old these bills are? The unpaid bills were about 9 billion in 2013 and 14 billion in 2014 which is worrying.

"Of its 3.17 million customers, 2.9 million are domestic consumers (91 per cent of total consumers). Of these, 1.6 million are on the postpaid metering system while 925,000 are on the pre-paid metering system.

In March, the company made Sh2.8 billion from post-paid customers, who cumulatively consumed 160,558 GigaWatt hours (GWhrs) of electricity. From prepaid customers β€” who cumulatively consumed 40,047 GWhrs β€” it made Sh0.7 billion.

Using March figures, this would mean one post-paid domestic customer consumed 12 GWhrs of electricity and on average paid Sh1,432. And each prepaid customer consumed an average 23 GWhrs and paid roughly Sh756 to the power company."

Link

There is nothing as dangerous as an Idea, when there is only one Idea
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