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Kenya Power - what's the latest?
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Extraterrestrial
#551 Posted : Friday, October 29, 2021 8:20:30 PM
Rank: Member

Joined: 11/17/2018
Posts: 173
Location: Mars
Ericsson wrote:
2020/2021 Full year profit before tax at ksh.8.2 billion
Profit after tax ksh.1.49bn
Directors do not recommend payment of dividend.


Dissapointing as usual. Ruined by the income tax and lack of dividend.
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My 2 cents
#552 Posted : Friday, October 29, 2021 8:31:51 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
You actually expect a company with Kes 110 billion in debt to pay a dividend?
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My 2 cents
#553 Posted : Friday, October 29, 2021 8:35:10 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Most likely the government will restructure some of this debt into equity and in so doing diluting the minority shareholders. Parastatals such as KPLC exist to provide an essential social service, profit well connected suppliers and provide jobs to the well connected. They are not ran to make a profit.
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VituVingiSana
#554 Posted : Saturday, October 30, 2021 2:27:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
My 2 cents wrote:
You actually expect a company with Kes 110 billion in debt to pay a dividend?
Laughing out loudly Laughing out loudly Laughing out loudly
Exactly!
How would a creditor who is being asked to restructure the loan feel when dividends are paid but the loan is not being serviced? Shame on you
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#555 Posted : Saturday, October 30, 2021 2:29:48 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
My 2 cents wrote:
Most likely the government will restructure some of this debt into equity and in so doing diluting the minority shareholders. Parastatals such as KPLC exist to provide an essential social service, profit well connected suppliers and provide jobs to the well connected. They are not ran to make a profit.
The truth in red sums it up.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#556 Posted : Saturday, October 30, 2021 6:21:22 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
My 2 cents wrote:
Most likely the government will restructure some of this debt into equity and in so doing diluting the minority shareholders. Parastatals such as KPLC exist to provide an essential social service, profit well connected suppliers and provide jobs to the well connected. They are not ran to make a profit.
The truth in red sums it up.



This will change when govt cease being majority shareholder.
Towards the goal of financial freedom
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Ericsson
#557 Posted : Saturday, October 30, 2021 9:14:29 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
VituVingiSana wrote:
My 2 cents wrote:
Most likely the government will restructure some of this debt into equity and in so doing diluting the minority shareholders. Parastatals such as KPLC exist to provide an essential social service, profit well connected suppliers and provide jobs to the well connected. They are not ran to make a profit.
The truth in red sums it up.



This will change when govt cease being majority shareholder.


Punguza expectations,this is not happening soon.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#558 Posted : Saturday, October 30, 2021 11:27:33 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
My 2 cents wrote:
You actually expect a company with Kes 110 billion in debt to pay a dividend?
Laughing out loudly Laughing out loudly Laughing out loudly
Exactly!
How would a creditor who is being asked to restructure the loan feel when dividends are paid but the loan is not being serviced? Shame on you


The loans are being restructured.
If viviene yeda stays for the next five years,Kenya power will be a sound company.
Towards the goal of financial freedom
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VituVingiSana
#559 Posted : Sunday, October 31, 2021 7:42:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ebenyo wrote:
VituVingiSana wrote:
My 2 cents wrote:
You actually expect a company with Kes 110 billion in debt to pay a dividend?
Laughing out loudly Laughing out loudly Laughing out loudly
Exactly!
How would a creditor who is being asked to restructure the loan feel when dividends are paid but the loan is not being serviced? Shame on you


The loans are being restructured.
If viviene yeda stays for the next five years,Kenya power will be a sound company.
That doesn't answer the question. Until the loans are being regularly/properly serviced, the lenders will not look kindly upon dividends. Some loans have a provision that restricts dividends when loans are under not performing.

As you said: "Punguza expectations" Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#560 Posted : Monday, November 01, 2021 11:11:39 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
My 2 cents wrote:
You actually expect a company with Kes 110 billion in debt to pay a dividend?
Laughing out loudly Laughing out loudly Laughing out loudly
Exactly!
How would a creditor who is being asked to restructure the loan feel when dividends are paid but the loan is not being serviced? Shame on you


The loans are being restructured.
If viviene yeda stays for the next five years,Kenya power will be a sound company.
That doesn't answer the question. Until the loans are being regularly/properly serviced, the lenders will not look kindly upon dividends. Some loans have a provision that restricts dividends when loans are under not performing.

As you said: "Punguza expectations" Laughing out loudly


These companies on the NSE surely know how to "dart" Kenyans. They promise all the goodies and expectations we all want to hear but delivery = 0Sad Sad Problem is we all know the scam but keep falling into the trap.
“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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