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Kenya Power HY 2019
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Elephant Man
#181 Posted : Wednesday, June 17, 2020 7:49:00 AM
Rank: Member

Joined: 12/24/2008
Posts: 112
Does KPLC have competition?
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Ericsson
#182 Posted : Wednesday, June 17, 2020 7:53:35 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Elephant Man wrote:
Does KPLC have competition?
Yes Solar
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Fyatu
#183 Posted : Wednesday, June 17, 2020 8:05:58 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
The only way back to profitability for this "rotten bluechip" is pre-paid meters. In my locality huku rural, Kenya power has not read meters since March 2020. They are hemorrhaging money everywhere. When is the last time you saw Kenya power staff disconnecting defaulting customers? Most wananchi are using stima nywee without paying a dime some for even 7 months and over. During Kibaki days, i recall branch managers supervising meter reading and disconnections personally. Siku hizi za Jubilee ni kukula nyama na phombe tu for branch managers waiting to be bribed by defaulting customers. Buy Umeme, a lean and well managed company that pays dividend(>10%). This one(Kenya power) is headed the KQ bailout route. Run for your life.
Dumb money becomes dumb only when it listens to smart money
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littledove
#184 Posted : Wednesday, June 17, 2020 8:39:57 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 928
Location: sky
Ericsson wrote:
Elephant Man wrote:
Does KPLC have competition?
Yes Solar
true, i had a small real estate project 3 years ago and i decided i will use solar for all security light which has worked very well for those years, next project i want a parallel for electricity and solar where all bulbs will be solar and electricity will cater for sockets or if im convinced i can get a very reliable solar for heavy duty purporse like heating and ironing then i do away with electricity
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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kmucheke
#185 Posted : Wednesday, June 17, 2020 10:32:27 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
Fyatu wrote:
The only way back to profitability for this "rotten bluechip" is pre-paid meters. In my locality huku rural, Kenya power has not read meters since March 2020. They are hemorrhaging money everywhere. When is the last time you saw Kenya power staff disconnecting defaulting customers? Most wananchi are using stima nywee without paying a dime some for even 7 months and over. During Kibaki days, i recall branch managers supervising meter reading and disconnections personally. Siku hizi za Jubilee ni kukula nyama na phombe tu for branch managers waiting to be bribed by defaulting customers. Buy Umeme, a lean and well managed company that pays dividend(>10%). This one(Kenya power) is headed the KQ bailout route. Run for your life.
Umeme is a concessionaire of UEDCL (Uganda Electricity Distribution Company Ltd) assets. The current contract is set to expire in 2025 (2005-2025). They are currently in talks for another contract of 20 years which will allow them to borrow more money for expansion. In the past H.E and parliament have threatened to terminate the contract due to poor service delivery. NSSF ug is the largest institutional investor (23.2% )so this might work in their favour during contract negotiations. Just like KP they suffer from power theft and prepaid meters have not solved this.
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Fyatu
#186 Posted : Wednesday, June 17, 2020 10:47:33 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
kmucheke wrote:
Fyatu wrote:
The only way back to profitability for this "rotten bluechip" is pre-paid meters. In my locality huku rural, Kenya power has not read meters since March 2020. They are hemorrhaging money everywhere. When is the last time you saw Kenya power staff disconnecting defaulting customers? Most wananchi are using stima nywee without paying a dime some for even 7 months and over. During Kibaki days, i recall branch managers supervising meter reading and disconnections personally. Siku hizi za Jubilee ni kukula nyama na phombe tu for branch managers waiting to be bribed by defaulting customers. Buy Umeme, a lean and well managed company that pays dividend(>10%). This one(Kenya power) is headed the KQ bailout route. Run for your life.
Umeme is a concessionaire of UEDCL (Uganda Electricity Distribution Company Ltd) assets. The current contract is set to expire in 2025 (2005-2025). They are currently in talks for another contract of 20 years which will allow them to borrow more money for expansion. In the past H.E and parliament have threatened to terminate the contract due to poor service delivery. NSSF ug is the largest institutional investor (23.2% )so this might work in their favour during contract negotiations. Just like KP they suffer from power theft and prepaid meters have not solved this.
Its a no-brainer really why dividend here(Umeme) is guaranteed. Kenya power needs a reset(prepaid meters is just one pre-requisite). Kenya power are not collecting revenues efficiently. They don't read meters and they don't disconnect defaulters.It is the poster child definition of Mali ya Umma. Run!
Dumb money becomes dumb only when it listens to smart money
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kmucheke
#187 Posted : Wednesday, June 17, 2020 11:17:17 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
Fyatu wrote:
kmucheke wrote:
Fyatu wrote:
The only way back to profitability for this "rotten bluechip" is pre-paid meters. In my locality huku rural, Kenya power has not read meters since March 2020. They are hemorrhaging money everywhere. When is the last time you saw Kenya power staff disconnecting defaulting customers? Most wananchi are using stima nywee without paying a dime some for even 7 months and over. During Kibaki days, i recall branch managers supervising meter reading and disconnections personally. Siku hizi za Jubilee ni kukula nyama na phombe tu for branch managers waiting to be bribed by defaulting customers. Buy Umeme, a lean and well managed company that pays dividend(>10%). This one(Kenya power) is headed the KQ bailout route. Run for your life.
Umeme is a concessionaire of UEDCL (Uganda Electricity Distribution Company Ltd) assets. The current contract is set to expire in 2025 (2005-2025). They are currently in talks for another contract of 20 years which will allow them to borrow more money for expansion. In the past H.E and parliament have threatened to terminate the contract due to poor service delivery. NSSF ug is the largest institutional investor (23.2% )so this might work in their favour during contract negotiations. Just like KP they suffer from power theft and prepaid meters have not solved this.
Its a no-brainer really why dividend here(Umeme) is guaranteed. Kenya power needs a reset(prepaid meters is just one pre-requisite). Kenya power are not collecting revenues efficiently. They don't read meters and they don't disconnect defaulters.It is the poster child definition of Mali ya Umma. Run!
You are right, the "mali ya umma" attitude has encouraged cartels in all departments from meter reading, procurement (faulty transformers), hr etc to continue looting with impunity. The company has a power distribution monopoly but still loses a lot of money. KP is hostage to cartels within and outside the organisation. Until these are gone the company will continue being in the red and might just collapse under the mountain of debts it has accumulated.
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Elephant Man
#188 Posted : Wednesday, June 17, 2020 11:42:37 AM
Rank: Member

Joined: 12/24/2008
Posts: 112
So if it all doom and gloom for KPLC, is this not a threat to Kengen, KPLC being their largest customer?
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Swenani
#189 Posted : Wednesday, June 17, 2020 12:04:38 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Elephant Man wrote:
So if it all doom and gloom for KPLC, is this not a threat to Kengen, KPLC being their largest customer?
No, it's not doom. Obiero being my role model, I'm hoping to buy more KPLC shares in the next three months anticipatinng to have 100% return. Watch and learn
If Obiero did it, Who Am I?
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KaunganaDoDo
#190 Posted : Wednesday, June 17, 2020 12:20:36 PM
Rank: Member

Joined: 8/6/2018
Posts: 299
Swenani wrote:
Elephant Man wrote:
So if it all doom and gloom for KPLC, is this not a threat to Kengen, KPLC being their largest customer?
No, it's not doom. Obiero being my role model, I'm hoping to buy more KPLC shares in the next three months anticipatinng to have 100% return. Watch and learn
Please dont buy anymore now until 2019/20 Financials are out...you will hurt yourself
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