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KPLC's Profit Before Tax to hit 7B by 2015
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My 2 cents
#21 Posted : Tuesday, November 30, 2010 10:04:35 AM
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Joined: 6/2/2010
Posts: 1,090
And they only propose to pay a dividend of 0.36 for the FY 2011; paltry to say the least.
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guru267
#22 Posted : Tuesday, November 30, 2010 11:12:24 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
My 2 cents wrote:
And they only propose to pay a dividend of 0.36 for the FY 2011; paltry to say the least.

dude get serious man.... They will maintain div at 1 bob.... Please read between the lines
Mark 12:29
Deuteronomy 4:16
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My 2 cents
#23 Posted : Tuesday, November 30, 2010 11:15:03 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
guru267 wrote:
My 2 cents wrote:
And they only propose to pay a dividend of 0.36 for the FY 2011; paltry to say the least.

dude get serious man.... They will maintain div at 1 bob.... Please read between the lines


Got the figure of 0.36 from the forecast FY2011 figures in the IM
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mwanahisa
#24 Posted : Tuesday, November 30, 2010 11:22:51 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I read it as well and this puzzled me. The dividend yield at a price of 250 was 3.2%. Now it is going to drop to 1.85%. Just what is KPLC playing at?
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My 2 cents
#25 Posted : Tuesday, November 30, 2010 11:36:17 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
mwanahisa wrote:
I read it as well and this puzzled me. The dividend yield at a price of 250 was 3.2%. Now it is going to drop to 1.85%. Just what is KPLC playing at?


I did my math and I think I know where the 0.36 is coming from.

FY 2010; they paid out Kshs 633M over 79M shares
therefore 8 bob per share

FY 2011; if they propose to maintain a 633M payout regardless of the increased number of shares, this will be 633m divided by 1735M shares therefore 0.36 per share

This would not make me happy!!!! They should increase the 633M by some of the preference dividends saved.

I had anticipated a one bob dividend; 8/8
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mwanahisa
#26 Posted : Tuesday, November 30, 2010 11:40:37 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
The more I think about the MD's presentation and the IM, the more inclined I am to think that this was a hastily done document without too much thought having gone into it.

We all know that KPLC is capable of achieving a lot more than what is being purveyed to us. After all the operational targets are set pretty high. So the question is why are the financial targets so modest?
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2012
#27 Posted : Tuesday, November 30, 2010 11:54:57 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My 2 cents wrote:


FY 2010; they paid out Kshs 633M over 79M shares
therefore 8 bob per share


Don't forget that this was after they had paid Govt 1.2b for the pref shares which I assume most of it will be channeled to the dividend pay off or else watatuona!
I don't know if these pref shares bothered you as much as did me. I used to get pissed every time I saw how much they were paying out.

BBI will solve it :)
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mwanahisa
#28 Posted : Tuesday, November 30, 2010 12:13:56 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Given the concerns being raised here, I wonder whether there is any forum which we can use to interrogate/interact with the company or their transaction advisors, especially an online one?
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Sober
#29 Posted : Tuesday, November 30, 2010 1:20:34 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
It's rather evident that this rights issue will be oversubscribed big time. Such statement is good to discourage some 'investors' who are undecided. We'll be past the 7 BILLION by beginning of 2013
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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alikujia
#30 Posted : Tuesday, November 30, 2010 2:22:58 PM
Rank: Member

Joined: 5/27/2010
Posts: 324
Location: nrb
Sober wrote:
It's rather evident that this rights issue will be oversubscribed big time. Such statement is good to discourage some 'investors' who are undecided. We'll be past the 7 BILLION by beginning of 2013


I hope youre not saying it's a deliberate error. And where is the evidence of bigtime oversubscription? the surest evidence should have been the prevailing current price. Yes it will be oversubscribed, but likely not bigtime.
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