HaMaina wrote: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?
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?
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"
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 = 0
Problem is we all know the scam but keep falling into the trap.
Kenya Power will not recover from the current mess! This one is gone like the many we have seen fall in the same mismanagement line; KQ, MSC, Uchumi, EAPC, etc
Will always remain pesa ngombe for others except ordinary shareholders. the interests are just to many and humongous for corruption. Staff behave like they are doing you a favour to serve you.
Anyway, this one is finished, kaput, ni hayo tu! It will always be playground for eating.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen