As always- @pesanane comes through! results fresh from KPLC's oven.
I guess this company has been anointed the laggard for my portfolio this year
The costs tell a story- around 25% rise in transport and distribution costs as well as non-fuel power purchase costs. Would be interested in the complete results (or commentary if any) to try and understand whether this is just a consequence of their expansion and upgrading policy or inefficiency. Or both.
And with elections arriving next year 'yule jamaa wa kutenga' will definitely do his routine of reading KPLC the riot act to bring down the price of electricity. So it might be a slow 2-3 years for this company.
Definitely cooling my buying on this one (with excellent timing, I bought some at 11.50/- yesterday). Onwards to KK and DTK results- may they wash away the taste of KPLC's disappointing half-year.
Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba