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Kenya Power HY 2019
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Extraterrestrial
#271 Posted : Friday, October 16, 2020 10:08:25 AM
Rank: Member

Joined: 11/17/2018
Posts: 173
Location: Mars
KaunganaDoDo wrote:
Extraterrestrial wrote:
Catastrophe is not far...


The Release of Full Year 2019/20 Financials will most certainly be delayed due to late engagement with new external auditors


But of course, how could I forget the annual ritual? Profit warning ➡️ delayed publication of results ➡️ worse results than the previous year
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VituVingiSana
#272 Posted : Tuesday, October 20, 2020 2:36:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,431
Location: Nairobi
KenGen fines Kenya Power Sh722m for late payments

https://www.businessdail...or-late-payments-2485144
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#273 Posted : Tuesday, October 20, 2020 6:15:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
[quote=VituVingiSana]KenGen fines Kenya Power Sh722m for late payments

https://www.businessdail...r-late-payments-2485144[/quote]

Kidogo you will hear such costs to be passed on to the consumer.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#274 Posted : Tuesday, October 20, 2020 3:07:15 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
Ericsson wrote:
[quote=VituVingiSana]KenGen fines Kenya Power Sh722m for late payments

https://www.businessdail...r-late-payments-2485144[/quote]

Kidogo you will hear such costs to be passed on to the consumer.


Exactly.
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Ericsson
#275 Posted : Wednesday, October 21, 2020 9:39:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
https://www.businessdail...per-electricity-2485982

The IPPs have to make money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Fyatu
#276 Posted : Wednesday, October 21, 2020 4:27:59 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
If you have Kenya Power shares, sell them and buy Umeme a very efficient and well managed utility. Kenya power will not make a profit in the next 5 years and will die a natural death like Mumias. Thank me later.
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#277 Posted : Wednesday, October 21, 2020 11:06:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,431
Location: Nairobi
Fyatu wrote:
If you have Kenya Power shares, sell them and buy Umeme a very efficient and well managed utility. Kenya power will not make a profit in the next 5 years and will die a natural death like Mumias. Thank me later.
It will not die but probably become another KQ.
Investing in most GoK-controlled firms is a road to nowhere. Except Kenya Re. For now. Until 2023.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#278 Posted : Thursday, October 22, 2020 6:17:35 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,457
Location: nairobi
VituVingiSana wrote:
Fyatu wrote:
If you have Kenya Power shares, sell them and buy Umeme a very efficient and well managed utility. Kenya power will not make a profit in the next 5 years and will die a natural death like Mumias. Thank me later.
It will not die but probably become another KQ.
Investing in most GoK-controlled firms is a road to nowhere. Except Kenya Re. For now. Until 2023.

GoK never had a controlling stake in KQ.. Even after restructuring.. Safaricom, KCB have substantial GoK shareholder presence, usitishe watu bure. Meanwhile uza hio nyani inaitwa KENRE. Thank me later
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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VituVingiSana
#279 Posted : Thursday, October 22, 2020 9:04:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,431
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Fyatu wrote:
If you have Kenya Power shares, sell them and buy Umeme a very efficient and well managed utility. Kenya power will not make a profit in the next 5 years and will die a natural death like Mumias. Thank me later.
It will not die but probably become another KQ.
Investing in most GoK-controlled firms is a road to nowhere. Except Kenya Re. For now. Until 2023.

GoK never had a controlling stake in KQ.. Even after restructuring.. Safaricom, KCB have substantial GoK shareholder presence, usitishe watu bure. Meanwhile uza hio nyani inaitwa KENRE. Thank me later

Laughing out loudly Laughing out loudly Laughing out loudly I am good. Going to get a dividend in Nov. To be reviewed by 2023.
Vodafone, not GoK, controls Safaricom.

BUT I wish you (in KQ) the best. And all shareholders of KPLC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#280 Posted : Thursday, October 22, 2020 11:19:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
Fyatu wrote:
If you have Kenya Power shares, sell them and buy Umeme a very efficient and well managed utility. Kenya power will not make a profit in the next 5 years and will die a natural death like Mumias. Thank me later.
It will not die but probably become another KQ.
Investing in most GoK-controlled firms is a road to nowhere. Except Kenya Re. For now. Until 2023.

GoK never had a controlling stake in KQ.. Even after restructuring.. Safaricom, KCB have substantial GoK shareholder presence, usitishe watu bure. Meanwhile uza hio nyani inaitwa KENRE. Thank me later


But the mismanagement,corruption and looting at KQ was done by government operatives.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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