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Kenya Power - what's the latest?
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mwenza
#1 Posted : Monday, March 11, 2013 10:32:27 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
The dividends were to be paid on 28th February.

Whats the latest?

Am still waiting for mine.
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mwenza
#2 Posted : Monday, March 11, 2013 11:26:01 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
Does this silence mean that there are no wazuans in KP?
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madebe
#3 Posted : Monday, March 11, 2013 11:30:02 AM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
ive also been checking my bank statement but wapi. they have a habit of delaying dividends
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2012
#4 Posted : Monday, March 11, 2013 11:35:05 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
No. The silence means that people who have been in KP for long know that they never pay dividends on time.
Which is very disappointing because if their valuable customers fail to pay their bill on time they're cut-off.

BBI will solve it :)
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mwenza
#5 Posted : Monday, March 11, 2013 11:36:58 AM
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Joined: 4/22/2009
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@Madebe, @ 2012...... thanx
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maka
#6 Posted : Monday, March 11, 2013 11:45:03 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
if am not wrong they have 90 days from the time they made that announcement or released the financial statements...check the CMA act...maybe they are sweeping the money.
possunt quia posse videntur
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Ericsson
#7 Posted : Monday, March 11, 2013 12:04:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Kenya Power has cash flow issues and that is why they never issued an interim dividend.
cash flow issues is also the cause of the delay in paying dividends
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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2012
#8 Posted : Thursday, March 14, 2013 9:27:39 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Please inform us once you receive your dividends so we can go to the post office. I think I visit my box office like twice a year.

BBI will solve it :)
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mwenza
#9 Posted : Thursday, March 14, 2013 10:15:21 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
2012 wrote:
Please inform us once you receive your dividends so we can go to the post office. I think I visit my box office like twice a year.



Why do they always send dividends via registered post instead of directly crediting it into our accounts like other listed companies.
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2012
#10 Posted : Thursday, March 14, 2013 10:22:15 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mwenza wrote:
2012 wrote:
Please inform us once you receive your dividends so we can go to the post office. I think I visit my box office like twice a year.



Why do they always send dividends via registered post instead of directly crediting it into our accounts like other listed companies.


They still live in the stone age era.

BBI will solve it :)
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mwenza
#11 Posted : Thursday, March 14, 2013 10:59:08 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
2012 wrote:
mwenza wrote:
2012 wrote:
Please inform us once you receive your dividends so we can go to the post office. I think I visit my box office like twice a year.



Why do they always send dividends via registered post instead of directly crediting it into our accounts like other listed companies.


They still live in the stone age era.


Their inhouse registrars must truly be analogue.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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holycow
#12 Posted : Sunday, March 17, 2013 11:54:38 AM
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Joined: 11/11/2006
Posts: 970
Location: Home
Received through post office.
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mwekez@ji
#13 Posted : Sunday, March 17, 2013 12:06:51 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Reading debt galore: Kenya Power gets Sh5.1bn loan to set up more sub-stations. The loan would increase the debt burden of the electricity distributor to Sh26.7 billion. Kenya Power is also seeking Sh29.3 billion loan from China’s Exim Bank to finance investment in underground cables in order to reduce transmission down-times >>> http://www.nation.co.ke/busines...94/-/h4i6c8/-/index.html
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O&K
#14 Posted : Sunday, March 17, 2013 12:28:11 PM
Rank: Member


Joined: 10/11/2009
Posts: 4
mwenza wrote:
The dividends were to be paid on 28th February.

Whats the latest?

Am still waiting for mine.


I am also waiting for mine.
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mwenza
#15 Posted : Sunday, March 17, 2013 3:21:02 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
holycow wrote:
Received through post office.


Thanks @holycow
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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GGK
#16 Posted : Monday, March 18, 2013 1:37:30 AM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
unrelated...
KPLC must find the going tough once the new regime settles. I guess they may have their earnings reduced as ERC reign on them as the did to oil sector as the Kenyatta II administration implement some populist policies.

What do others think? Are the profitability levels sustainable in the long lung in the backdrop of popular view that power is way "too expensive " in Kenya?
"..I am because we are. "― Ubuntu, Umtu,
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guru267
#17 Posted : Monday, March 18, 2013 5:43:27 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
GGK wrote:
unrelated...
KPLC must find the going tough once the new regime settles. I guess they may have their earnings reduced as ERC reign on them as the did to oil sector as the Kenyatta II administration implement some populist policies.

What do others think? Are the profitability levels sustainable in the long lung in the backdrop of popular view that power is way "too expensive " in Kenya?


The law guarantees Kenya Power a minimum "Return on Assets" to allow for sustainable operations..

So with higher debt/assets expect higher returns/tariffs!
Mark 12:29
Deuteronomy 4:16
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mlennyma
#18 Posted : Tuesday, March 19, 2013 9:18:36 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Where is the dividend?are they broke?
"Don't let the fear of losing be greater than the excitement of winning."
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Lolest!
#19 Posted : Tuesday, March 19, 2013 9:33:00 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
mlennyma wrote:
Where is the dividend?are they broke?

Received mine last week
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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mwenza
#20 Posted : Monday, April 15, 2013 10:29:25 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
Looks like I will never get the dividend cheque this year. Anybody in the same boat?
Could somebody please give me the contacts for their registrar?
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