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Kenya Power HY18
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MugundaMan
#21 Posted : Tuesday, February 27, 2018 8:56:48 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Sold this lemon shortly after I munched the January dividend, having held on to it for over 4 years. The problem with these government utilities is that they get lazy and complacent, borrow to the eyeballs knowing the economy needs them and bailouts will always be there, and they are victims of mass theft; of electricity, of transformers etc. So estimating their future value is like trying to hold liver in the palm.
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Spikes
#22 Posted : Tuesday, February 27, 2018 9:28:08 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
MugundaMan wrote:
Sold this lemon shortly after I munched the January dividend, having held on to it for over 4 years. The problem with these government utilities is that they get lazy and complacent, borrow to the eyeballs knowing the economy needs them and bailouts will always be there, and they are victims of mass theft; of electricity, of transformers etc. So estimating their future value is like trying to hold liver in the palm.


What was your average buy price?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Spikes
#23 Posted : Tuesday, February 27, 2018 9:29:38 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
MugundaMan wrote:
Sold this lemon shortly after I munched the January dividend, having held on to it for over 4 years. The problem with these government utilities is that they get lazy and complacent, borrow to the eyeballs knowing the economy needs them and bailouts will always be there, and they are victims of mass theft; of electricity, of transformers etc. So estimating their future value is like trying to hold liver in the palm.


What was your average buy price?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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VituVingiSana
#24 Posted : Tuesday, February 27, 2018 11:47:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
https://www.businessdail...2220-h8v3yjz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MugundaMan
#25 Posted : Wednesday, February 28, 2018 8:05:12 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Spikes wrote:

What was your average buy price?


I took a slight hit so my cost basis was definitely slightly higher than the current price, even after accounting for dividends munched.
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Ericsson
#26 Posted : Wednesday, February 28, 2018 8:26:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Concern-over-Kenya-Power-s-share-price/4259442-4322220-h8v3yjz/index.html

The price of mismanagement.
The company is joining the likes of Uchumi, Mumias sugar,east africa portland Cement
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#27 Posted : Wednesday, February 28, 2018 10:13:10 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Concern-over-Kenya-Power-s-share-price/4259442-4322220-h8v3yjz/index.html

are you sure your link is not dead on it's my sides problem?
"Don't let the fear of losing be greater than the excitement of winning."
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watesh
#28 Posted : Wednesday, February 28, 2018 10:38:16 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Concern-over-Kenya-Power-s-share-price/4259442-4322220-h8v3yjz/index.html

The price of mismanagement.
The company is joining the likes of Uchumi, Mumias sugar,east africa portland Cement

Oh yes....good thing this one is a guaranteed bail out because of the monopoly factor. It cannot shut down. Waiting for Ksh6 to print then i start jumping in then sell as soon as it hits 10.
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Ebenyo
#29 Posted : Wednesday, February 28, 2018 3:57:27 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
According to the audited results FY ending 30th June 2017,kenya power net asset value per share was kshs 35.90 against the current share price of ksh 8.00.
This means if kenya power is dissolved today,each shareholder will be paid kshs 35.90 per share.
Towards the goal of financial freedom
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Fyatu
#30 Posted : Wednesday, February 28, 2018 4:39:28 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Ebenyo wrote:
According to the audited results FY ending 30th June 2017,kenya power net asset value per share was kshs 35.90 against the current share price of ksh 8.00.
This means if kenya power is dissolved today,each shareholder will be paid kshs 35.90 per share.


This one is buy hold accumulate and re-invest dividend for the next 30 years. This one is to be held forever.
Dumb money becomes dumb only when it listens to smart money
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