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Kenya Power - what's the latest?
mlennyma
#381 Posted : Tuesday, February 07, 2017 1:49:10 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
moneydust wrote:
Pesa Nane wrote:
mlennyma wrote:
Can never pay in time

Shame on you Shame on you EFTs arrived Thur 02 Feb 17



Received mine too..it was a pleasant surprisesmile smile

may be I should quit this cheque Analog way of payment
"Don't let the fear of losing be greater than the excitement of winning."
moneydust
#382 Posted : Tuesday, February 07, 2017 8:01:35 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
mlennyma wrote:
moneydust wrote:
Pesa Nane wrote:
mlennyma wrote:
Can never pay in time

Shame on you Shame on you EFTs arrived Thur 02 Feb 17



Received mine too..it was a pleasant surprisesmile smile

may be I should quit this cheque Analog way of payment


I was in your position last year, and it was very frustrating.I decided to change my CDS a/c details,and I have never being happier in respect to dividend payment.
Keane
#383 Posted : Wednesday, February 08, 2017 9:36:52 AM
Rank: Hello

Joined: 4/20/2016
Posts: 4
Location: Nairobi
So is there an upside coming from this story?

http://www.nation.co.ke/...04400-ss4d2m/index.html

The unpaid bills are more than the net profit! Hoping the collection is effective.
MadDoc
#384 Posted : Wednesday, February 08, 2017 11:05:52 AM
Rank: Member

Joined: 10/26/2015
Posts: 151
Keane wrote:
So is there an upside coming from this story?

http://www.nation.co.ke/...04400-ss4d2m/index.html

The unpaid bills are more than the net profit! Hoping the collection is effective.


It is most likely overstated and half of it may have to be written off. These guys last read my meter on June 2015, freaking June. To top it off, i'm just 50 metres from the main road.
Most guys know their average monthly bill, so you just pay it regardless of the inefficiencies.
When they remember to send your bill, they inflate it to over 5 times.
I previously had KPLC stock but dumped it all. INEFFICIENCY!!!
mlennyma
#385 Posted : Wednesday, February 08, 2017 1:33:21 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
moneydust wrote:
Pesa Nane wrote:
mlennyma wrote:
Can never pay in time

Shame on you Shame on you EFTs arrived Thur 02 Feb 17



Received mine too..it was a pleasant surprisesmile smile

Are there EFT charges?if yes who foots the bill?
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#386 Posted : Wednesday, February 08, 2017 1:34:30 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
moneydust wrote:
Pesa Nane wrote:
mlennyma wrote:
Can never pay in time

Shame on you Shame on you EFTs arrived Thur 02 Feb 17



Received mine too..it was a pleasant surprisesmile smile

Are there EFT charges?if yes who foots the bill?

Wewe
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#387 Posted : Wednesday, February 08, 2017 3:03:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Keane wrote:
So is there an upside coming from this story?

http://www.nation.co.ke/...04400-ss4d2m/index.html

The unpaid bills are more than the net profit! Hoping the collection is effective.

Read this story and realized I had a few "ancient" [bonus] shares left. Some original shares are still in certificate (KE Pounds) format. Sold off the "dematerialized" shares.

2017 is the year of the clean-up. I might as well sell these "orphans" and buy KK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#388 Posted : Monday, March 13, 2017 2:43:13 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The latest is that kenya power and kengen share prices have met at 6.55 being kenya powers all time low,one day this post will look like a dream but the planting season continues, plant so that you have something to harvest when the tide changes....i intend to buy 200k shares kpc from this point
"Don't let the fear of losing be greater than the excitement of winning."
Ebenyo
#389 Posted : Monday, March 13, 2017 5:31:08 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Kenya power and kengen can only be good when they pay consistent dividends.Last year kengen paid nothing while recently kenya power failed to pay usual interim dividend.This means dividend is inconsistent.Kengen literally lied to shareholders.Idont know about kenya power,what was the reason for failure to pay interim?
Towards the goal of financial freedom
mlennyma
#390 Posted : Monday, March 13, 2017 5:38:56 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ebenyo wrote:
Kenya power and kengen can only be good when they pay consistent dividends.Last year kengen paid nothing while recently kenya power failed to pay usual interim dividend.This means dividend is inconsistent.Kengen literally lied to shareholders.Idont know about kenya power,what was the reason for failure to pay interim?

Failing to pay interim is not a big issue,but failing to pay a final will be an issue to interogate however iam purely looking for capital gains here exit being above 15 in one year or less
"Don't let the fear of losing be greater than the excitement of winning."
68 Pages«<3738394041>»
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