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kawi254		#601 Posted : Wednesday, February 23, 2022 12:48:46 AM
Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi		VituVingiSana wrote: kawi254 wrote: Half year report date should be about now? KPLC has until 31 Mar 2022 OK. traditionally before Auditor general related delays & losses it used be before end of February.
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Ericsson		#602 Posted : Wednesday, February 23, 2022 9:35:19 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		kawi254 wrote: VituVingiSana wrote: kawi254 wrote: Half year report date should be about now? KPLC has until 31 Mar 2022 OK. traditionally before Auditor general related delays & losses it used be before end of February. Possibility is they will release before end of February Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Extraterrestrial		#603 Posted : Wednesday, February 23, 2022 3:09:13 PM
Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars		Where is @KuanganaDoDo?
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Ericsson		#604 Posted : Friday, February 25, 2022 4:57:30 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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kawi254		#605 Posted : Monday, February 28, 2022 12:58:24 AM
Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi		Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results
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VituVingiSana		#606 Posted : Monday, February 28, 2022 10:07:04 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi		kawi254 wrote: Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results Unaudited vs Audited Were there any moratoriums, debt forgiveness, debt restructuring during 1H? GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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HaMaina		#607 Posted : Monday, February 28, 2022 11:03:37 AM
Rank: Veteran Joined: 4/23/2014 Posts: 909		VituVingiSana wrote: kawi254 wrote: Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results Unaudited vs Audited Were there any moratoriums, debt forgiveness, debt restructuring during 1H? GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK? Election campaign, I'm sure a lot of government institutions will show progress and even profit until October. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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McGill		#608 Posted : Monday, February 28, 2022 1:00:15 PM
Rank: New-farer Joined: 8/1/2019 Posts: 86		HaMaina wrote: VituVingiSana wrote: kawi254 wrote: Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results Unaudited vs Audited Were there any moratoriums, debt forgiveness, debt restructuring during 1H? GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK? Election campaign, I'm sure a lot of government institutions will show progress and even profit until October. I will risk some coins in this one. But with a lot of room for disappointment.
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mlennyma		#609 Posted : Monday, February 28, 2022 1:55:20 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 The only share whose price is lower than earnings per share... "Don't let the fear of losing be greater than the excitement of winning."
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Ericsson		#610 Posted : Monday, February 28, 2022 10:47:47 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		VituVingiSana wrote: kawi254 wrote: Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results Unaudited vs Audited Were there any moratoriums, debt forgiveness, debt restructuring during 1H? GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK? https://www.businessdail...-ncba-s-sh6-8bn-3665098 Moratorium given by NCBA They also have a moratorium from treasury till July 1 2022 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#611 Posted : Tuesday, March 01, 2022 9:39:15 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: kawi254 wrote: Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results Unaudited vs Audited Were there any moratoriums, debt forgiveness, debt restructuring during 1H? GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK? https://www.businessdail...-ncba-s-sh6-8bn-3665098 Moratorium given by NCBA They also have a moratorium from treasury till July 1 2022 Moratorium on interest too? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#612 Posted : Tuesday, March 01, 2022 9:45:22 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: kawi254 wrote: Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results Unaudited vs Audited Were there any moratoriums, debt forgiveness, debt restructuring during 1H? GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK? https://www.businessdail...-ncba-s-sh6-8bn-3665098 Moratorium given by NCBA They also have a moratorium from treasury till July 1 2022 Moratorium on interest too? Yes both principal and interest. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#613 Posted : Thursday, March 03, 2022 4:25:27 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		kawi254 wrote: Ericsson wrote: Extraterrestrial wrote: Where is @KuanganaDoDo? Half Year Results ended December 31 2021 -Revenue up 21.1% to Kes.83bn -Gross margin up 20.6% to kes.28bn -Electricity sales up 8.7% to 4562GWh -Operating profit up 76.8% to Ksh.12.2bn -Finance costs up 3% to ksh.6.8bn -Profit before tax ksh.5.659bn -Profit After Tax closed at Ksh.3.8bn -Earnings per share ksh.1.96 There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results. Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results -Non-fuel power purchase costs increased from Shs.38.1 Billion to Shs40.5 Billion mainly due to additional unit purchases to support increased demand. -Fuel costs increased from Shs.4.6 Billion to Shs.10.9 Billion mainly due to a 314 GWh increase in units purchased from thermal plants to 709 GWh due to low hydrology resulting from delayed rains, and an upsurge in fuel prices. -Electricity sales recorded an 8.7% growth from 4196GWh to 4,562GWh, compared to a similar period last year mainly due to: an increase in customer connectivity. -We have prioritized debt reduction and the result of that is we improved our working capital position by KES.10 billion in the financial year. -The Company closed the first half of FY2021 with a cash position of Shs.8.3 Billion that includes ring-fenced funds projects, receipts from Government for the Last Mile, and street lighting programmes, as well as funds for scheduled loan repayments. -As a consequence, the Company reduced trade and other payables by over Shs.4 Billion. In addition, the business cleared overdrafts amounting to Shs.3.6 Billion. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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My 2 cents		#614 Posted : Thursday, March 03, 2022 4:46:38 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.
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McGill		#615 Posted : Thursday, March 03, 2022 5:54:40 PM
Rank: New-farer Joined: 8/1/2019 Posts: 86		My 2 cents wrote: The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2. Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices?
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My 2 cents		#616 Posted : Thursday, March 03, 2022 8:57:44 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		McGill wrote: My 2 cents wrote: The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2. Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices? Am not sure this has been worked out in detail. The fuel subsidies will only hold until after the election.
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VituVingiSana		#617 Posted : Friday, March 04, 2022 11:12:00 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi		My 2 cents wrote: McGill wrote: My 2 cents wrote: The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2. Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices? Am not sure this has been worked out in detail. The fuel subsidies will only hold until after the election. Government run entities are full of issues. Good luck. I say this and I am crying tears about Kenya Re which despite not being stolen from is suffering from low RoE and dividends. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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mlennyma		#618 Posted : Friday, March 04, 2022 12:19:39 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		My 2 cents wrote: The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2. Let the government buy back Kplc shares from shareholders and dictate on how the company does business, it doesn't make any business sense to investors "Don't let the fear of losing be greater than the excitement of winning."
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My 2 cents		#619 Posted : Friday, March 04, 2022 12:53:25 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		VituVingiSana wrote: My 2 cents wrote: McGill wrote: My 2 cents wrote: The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2. Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices? Am not sure this has been worked out in detail. The fuel subsidies will only hold until after the election. Government run entities are full of issues. Good luck. I say this and I am crying tears about Kenya Re which despite not being stolen from is suffering from low RoE and dividends. It is a lot harder to steal from Kenya-Re without heavy CAPEX. That is the main route of steal. If Kenya-Re suddenly starts to buy shady Real Estate or on grossly inflated values. Run. Also Kenya - RE has been steadily losing market share.
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Ericsson		#620 Posted : Friday, March 04, 2022 9:09:33 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		VituVingiSana wrote: My 2 cents wrote: McGill wrote: My 2 cents wrote: The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2. Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices? Am not sure this has been worked out in detail. The fuel subsidies will only hold until after the election. Government run entities are full of issues. Good luck. I say this and I am crying tears about Kenya Re which despite not being stolen from is suffering from low RoE and dividends. Most insurance and reinsurance companies dividend payout ratio of the after tax profit is low.Even the big ones like Jubilee.At best its 20%. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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