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Kenya Power HY 2015 PBT up 53%
VituVingiSana
#21 Posted : Wednesday, February 18, 2015 9:52:54 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
lochaz-index wrote:
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?



Yes.

If one is a shareholder who suffered through low returns since the Rights Issue due to political machinations by the Executive. This return is piddling when looked at over a 5 year perspective.

And there's a low dividend payout as well because the cash is used to strengthen the grid with no guarantee the electricity will not be stolen by the customers.

There will be a low REAL (cash) return on investment for the foreseeable future as interest payments increase with annual KES 15-20bn CAPEX. In addition, KPLC guarantees off-take [capacity charges] from IPPs, KenGen, etc for all the new projects coming in. If the off-take is poor (or technical/commercial losses) then KPLC bears the cost/risk.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
derick
#22 Posted : Wednesday, February 18, 2015 12:07:43 PM
Rank: Member

Joined: 1/10/2015
Posts: 411
Kenya Power records 53 per cent increase in pre-tax profits - http://www.standardmedia...e/?articleID=2000152087 via @StandardKenya
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
jwatesh
#23 Posted : Wednesday, February 18, 2015 12:18:42 PM
Rank: Member

Joined: 8/19/2014
Posts: 125
Oh yeah!!! This monopoly doesnt disappoint in earnings but disappoints in dividends
jwatesh
#24 Posted : Wednesday, February 18, 2015 12:27:14 PM
Rank: Member

Joined: 8/19/2014
Posts: 125
The optimist wrote:
guru267 wrote:
mwekez@ji wrote:
Interim Dividend; Kes. 0.20

Outlook; Positive

smile smile smile


RINK!!!!!



Hope this helps



Wait, they have a positive cashflow and low dividends. Must be big projects coming up
guru267
#25 Posted : Wednesday, February 18, 2015 1:39:48 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The resistance at 18bob is hardcore!
Mark 12:29
Deuteronomy 4:16
Ericsson
#26 Posted : Wednesday, February 18, 2015 2:07:23 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Electricity sales grew by 5.5% from 3093 GwH to 4320 GWH.
The huge jump was due to higher electricity tariffs due to increment in fixed charge and per unit cost
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#27 Posted : Wednesday, February 18, 2015 2:15:08 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
guru267 wrote:
The resistance at 18bob is hardcore!

19.50 is another point to watch ahead,even a previous rally stalled at 18
"Don't let the fear of losing be greater than the excitement of winning."
Gatheuzi
#28 Posted : Wednesday, February 18, 2015 2:17:30 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Non current liabilities grew by 38bn from 76bn to 114bn. This explains the additional 10.4bn cash generated from financing activities.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Othelo
#29 Posted : Wednesday, February 18, 2015 2:23:46 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Gatheuzi wrote:
Non current liabilities grew by 38bn from 76bn to 114bn. This explains the additional 10.4bn cash generated from financing activities.

So mambo ni ku-postpone repayment, ok.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Ericsson
#30 Posted : Wednesday, February 18, 2015 2:30:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@othelo;
As the year was closing Kenya power was receiving loans and it seems from the 40bn they received 10.4bn is the amount that has been used in grid expansion and modernization.
The other amount is either sitting at the bank or in government bills
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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