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Kenya Power - what's the latest?
Rank: Elder Joined: 12/4/2009 Posts: 10,719 Location: NAIROBI
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watesh wrote:ngapat wrote:Nairobi city county just dumped garbage at the entrance of their stima plaza head quarters. Will this have any material effect to the share price considering the 5B NCC is charging Kplc as wayleave fees. The only effect I see is higher trade receivables from NCC and more provision for bills that may never get paid. The wayleave fees won't be recognized in their books of account unless a courtroom judgment forces them to do so. In short, I see it as a nothingburger. (Kenya Power have the backing of State House  ) Sakaja realised he doesn't have backing of state house Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,140 Location: Nairobi
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watesh wrote:ngapat wrote:Nairobi city county just dumped garbage at the entrance of their stima plaza head quarters. Will this have any material effect to the share price considering the 5B NCC is charging Kplc as wayleave fees. The only effect I see is higher trade receivables from NCC and more provision for bills that may never get paid. The wayleave fees won't be recognized in their books of account unless a courtroom judgment forces them to do so. In short, I see it as a nothingburger. (Kenya Power have the backing of State House ) *Needs verification. Apparently there is a judgement in favor of CCN but is being appealed. I do not have more details than that. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kenya Power - what's the latest?
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