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KPLC - Great results 2010

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VituVingiSana		#11 Posted : Friday, February 26, 2010 12:21:29 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@sheep - You sound confused... I could not make much of the earlier comment/s except for the first bit... YES, the rate of unit sales growth will slow down over time... and eventually so will growth in profits... but I think they will manage 5%+ per year as long as there is enough supply... It makes sense to reduce use in this day & age... KPLC has a supply problem (i.e. they can't get enough to sell) not a demand problem (there are plenty of new consumers)... KPLC says they hooked up 100,000+ new customers in 6 months... and expect another 100,000 in 2H... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#12 Posted : Saturday, February 27, 2010 11:28:17 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		@sheep i dont think profits will flatten any time soon... the fall in power supply from kengen wont last forever and is only going to expand in coming years,industrial demand which fell due to the economic downturn and PEV will pick up as the economy grows,companies like pan paper are being revived, KPLC is weeding out vandalism, its increasing efficiency in payment of bills, it has a tariff review in 2013, and its trying to diversify its revenue streams.. given all this what exactly will cause future profits to flatten out??? i,m a huge bull on this stock for market out performance... Mark 12:29 Deuteronomy 4:16
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sparkly		#13 Posted : Sunday, February 28, 2010 7:31:59 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Kengen holds the fate of kenya's industrialization dreams. Expensive and unreliable power is No. 1 factor why doing business in kenya is too expensive. To the extent that consumers generate their own power and sell to kplc - MSC, ARM, Finlays, Unilever etc GOK must take quick action, as with the EAC Kenya is poised to become the regional manufacturing hub. Life is short. Live passionately.
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VituVingiSana		#14 Posted : Monday, March 01, 2010 12:34:18 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Electricity production is complex even without the corruption that characterizes Kenya's energy industry... Add the layers of corruption present in Kenya & the whole 'energy' question get really crazy... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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jguru		#15 Posted : Tuesday, March 02, 2010 9:22:31 AM
Rank: Veteran Joined: 10/25/2007 Posts: 1,574		The only way to solve Kenya's power problems is to remove this bureacratic protection of KenGen. Hydro Electricity is out. Wind, Solar and Gas is the way to go. Then, finally, KPLC can have MWs to sell. Set out to correct the world's wrongs and you will most certainly wind up adding to them.
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VituVingiSana		#16 Posted : Tuesday, March 02, 2010 9:36:29 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Well... Kenya cannot expand hydro much more except for better turbines & new (smaller) dams along the existing rivers BUT overall Kenya is NOT blessed with huge rivers like Zambia/Zimbabwe or Uganda... What Kenya is blessed with is awesome GEOTHERMAL... yes, that is the future of Kenya... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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wote		#17 Posted : Tuesday, March 02, 2010 9:57:07 AM
Rank: Member Joined: 10/18/2007 Posts: 217		Huge profits extracted from poor kenyan no difference from people taking money from G4S.Both morally wrong, they should consider lowering cost of power to Kenyans which by world standard are excessively high.
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VituVingiSana		#18 Posted : Tuesday, March 02, 2010 10:17:42 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@wote - Nonsense... The ROA for KPLC remains low due to a cap on electricity charges... 1) KPLC charges a fraction of the total bill or cost of power... the largest portion on our bills is from the thermal/diesel portion... 2) Don't forget that KPLC buys 50% from KenGen... Mumias is paid a hefty premium over hydro... Why not tell Mumias to reduce the price? 3) DIRECT TAXES... yes, u complain about KPLC which has to act as a collector for VAT & excise duties on behalf of KRA... 4)INDIRECT TAXES... These are levied through charges (VAT, customs & excise) on various goods KPLC consumes e.g. poles, transformers, etc 5) Theft... Yes, Kenyans love 'free' thus the rest of us have to bear the cost. If GoK, police & wanjiku stopped the thieves then KPLC would save KES 300mn/month... which can be passed on as savings... Blaming the current KPLC for the high prices is like blaming KQ for the lousy JKIA airport with faulty runway lights! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#19 Posted : Tuesday, March 02, 2010 8:36:35 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Kenyan thieves risk the lives of innocents http://www.standardmedia...0004652&cid=459& Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sheep		#20 Posted : Wednesday, March 03, 2010 7:56:45 AM
Rank: Veteran Joined: 7/24/2008 Posts: 781		Electricity sales increased by only 4.8%,foreign exchange surcharge by a phenomenal 2,172%.The operating margin is 8.4% at least better than KQ's 5%.After Gova sells 87% of its preference shares things might not be so rosy,why is Gova bailing out? If they believed in KPLC's future growth they wouldn't sell.Wise to sell just before restructuring fiasco. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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