institutions have been flooding this share at 200bob (2million shares).... It still looks good for the long term but there is some risk for short term buying

@ Guru

I was thinking of buying it so that i can benefit from the rights issue which will take place probably at the end of the year.

Rights issue isn't "a benefit". It takes money away from you. Quite the paradox for "an investment"

Anyways, this indecisiveness is taking it's toll now, they have been talking about conversion and splits for about 3 yrs or more. No doubt it is a monopoly, so I think it's good in the very LT, this is also factoring the dilution that may occur. And hopefully, they don't licence another power distributor in future, otherwise it will be another KBC( the broadcaster).

@guru, i thot GoK is converting pref shares to real shares hence increasing holding to close to 70%, then kplc issues rights but GoK does not exercise so that their holding goes down to 40% . . . my understanding all along anyway

In my opinion. Too much gov isnt gud . Case inpoint kenya re . And all the parastatals where u cant get thd basic services you pay taxes for..