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Kenya Power HY15 PAT Ksh. 3.8Bn
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Pesa Nane
#11 Posted : Thursday, February 25, 2016 8:05:06 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Arconnrk wrote:
As always- @pesanane comes through! results fresh from KPLC's oven.

d'oh! I guess this company has been anointed the laggard for my portfolio this year

The costs tell a story- around 25% rise in transport and distribution costs as well as non-fuel power purchase costs. Would be interested in the complete results (or commentary if any) to try and understand whether this is just a consequence of their expansion and upgrading policy or inefficiency. Or both.

And with elections arriving next year 'yule jamaa wa kutenga' will definitely do his routine of reading KPLC the riot act to bring down the price of electricity. So it might be a slow 2-3 years for this company.

Definitely cooling my buying on this one (with excellent timing, I bought some at 11.50/- yesterday). Onwards to KK and DTK results- may they wash away the taste of KPLC's disappointing half-year.


Quote:
Transmission and Distribution Expenditure

Transmission and Distribution expenditure of Shs. 13,065 million was higher by Shs. 2,609 million than Shs. 10,456 million incurred during the same period the previous year. Detailed analysis is shown...

Pesa Nane plans to be shilingi when he grows up.
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Arconnrk
#12 Posted : Thursday, February 25, 2016 8:59:09 PM
Rank: New-farer

Joined: 7/23/2015
Posts: 35
Pesa Nane wrote:
Arconnrk wrote:
As always- @pesanane comes through! results fresh from KPLC's oven.

d'oh! I guess this company has been anointed the laggard for my portfolio this year

The costs tell a story- around 25% rise in transport and distribution costs as well as non-fuel power purchase costs. Would be interested in the complete results (or commentary if any) to try and understand whether this is just a consequence of their expansion and upgrading policy or inefficiency. Or both.

And with elections arriving next year 'yule jamaa wa kutenga' will definitely do his routine of reading KPLC the riot act to bring down the price of electricity. So it might be a slow 2-3 years for this company.

Definitely cooling my buying on this one (with excellent timing, I bought some at 11.50/- yesterday). Onwards to KK and DTK results- may they wash away the taste of KPLC's disappointing half-year.


Quote:
Transmission and Distribution Expenditure

Transmission and Distribution expenditure of Shs. 13,065 million was higher by Shs. 2,609 million than Shs. 10,456 million incurred during the same period the previous year. Detailed analysis is shown...



Asante. Let me now digest the details.
Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba
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watesh
#13 Posted : Thursday, February 25, 2016 9:02:57 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Aguytrying wrote:
watesh wrote:
Lemme hope the share prices drops to below 10


If it drops to below 10 will you really buy? There were people saying ill buy at 14, 13, 12. They have all kept quiet. If your buying buy. The valaution looks "low". Why dues the market hammer this stock so much. PE is tending to 3. Maybe they know something we don't

Last year bought 18000 shares at 13 sold at 18, so its just speculation that it will hit 15 one day then i sell sell sell. If it doesnt still good to keep, we only doing 2000MW and SA doing 44,000MW, from MindSpeak interview with Kengen cost of power will come down while in SA and Egypt its going up. Manufactures that consume sooo much power will eventually come through more sales for Kenya power....short term though not good for this company
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Cde Monomotapa
#14 Posted : Thursday, February 25, 2016 9:09:51 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
That FX pass through is glaring! Pushed up by Green energy. Interesting. Great progression from the elec. + fuel charge nonetheless.
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  | | Edit by user: Thursday, February 25, 2016 9:17 PM | Reason: Not specified
VituVingiSana
#15 Posted : Thursday, February 25, 2016 11:51:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Until manufacturing picks up, KPLC may end up paying for more than it can sell. The usage by rural households, which represent the majority of the new connections, is insignificant compared to a Steel Mill, large Textile Mill or Cement Factory.

Perhaps the intra-city rail will be powered by electricity. A Wazuan said the SGR trains will use diesel locomotives. What a pity for KPLC.

Corruption. I have heard horror stories.

Bottomline: Let me stick to my lane. Private firms (with closely watched KenRe as the exception for now).
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Elephant Man
#16 Posted : Friday, February 26, 2016 12:19:17 PM
Rank: Member

Joined: 12/24/2008
Posts: 112
Should KPLC not request (demand!) the Kshs.500m seized from Gichuru's account in Jersey - after all the funds originated from KPLC? Likewise to get Asset Recovery Authority to obtain directly from Gichuru/Okemo the balance of the funds that went into and was withdrawn from that offshore account and forward to KPLC, while hopefully on the basis of the Jersey judgement EACC get off their butts and immediately arrest and place in remand the two 'to assist in investigations' whilst awaiting 'documents' from Jersey's AG ...or am I expecting too much...
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VituVingiSana
#17 Posted : Friday, February 26, 2016 12:39:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Elephant Man wrote:
Should KPLC not request (demand!) the Kshs.500m seized from Gichuru's account in Jersey - after all the funds originated from KPLC? Likewise to get Asset Recovery Authority to obtain directly from Gichuru/Okemo the balance of the funds that went into and was withdrawn from that offshore account and forward to KPLC, while hopefully on the basis of the Jersey judgement EACC get off their butts and immediately arrest and place in remand the two 'to assist in investigations' whilst awaiting 'documents' from Jersey's AG ...or am I expecting too much...

Yes. Applause Applause Applause but as you said you are expecting too much! And KPLC should join the lawsuits against Gichuru BUT of course money has been poured [TNA, URP, MPs, Senators, Judges] to prevent that in Kenya!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#18 Posted : Friday, February 26, 2016 5:32:08 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Those kind of stories above are what makes me stay away with a 9 foot Pole despite rosy Pe of 3
The investor's chief problem - and even his worst enemy - is likely to be himself
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mthaka
#19 Posted : Monday, February 29, 2016 11:07:52 AM
Rank: Member

Joined: 9/30/2013
Posts: 254
KPLC pays dividends today,then we buy more to average down,i see us getting below kshs.10 soon
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hisah
#20 Posted : Monday, February 29, 2016 11:25:07 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
KP tends to lose steam towards and during an election year. What's the connection?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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