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Kenya Power - what's the latest?
iris
#541 Posted : Thursday, September 23, 2021 11:28:01 AM
Rank: Member


Joined: 9/11/2014
Posts: 228
Location: Nairobi
VituVingiSana wrote:
sparkly wrote:


There must be a breakthrough in solar power capture and or storage.

That's the only reason why a KShs 75B turnover firm would invest KShs 2.2B an year for 10 years to offset an item of operating costs.

An average of 2.2bn/year is significant but not overly huge for EABL assuming it is spread out over 10 years and it gets:
- Annual savings will offset some of the 2.2bn.
- Depreciation provides a tax shield.
- Carbon credits?
- Inflation (2.2bn in 2022 > 2.2bn in 2032)

Finally, the 1H21 net turnover was 44.5bn (lower than pre-COVID 1H20) so FY21 is likely to be 80-85bn.

22% Gross Margin of 5bn = 1.1bn which covers 50% of the average CAPEX.
22% Gross Margin of 10bn = 2.2bn which covers 100% of the average CAPEX


In addition, there is additional benefit in being free of this company which is always in the grip of looters and mismanagement. Currently, perhaps because it is broke, they are busy disconnecting large blocks of users including the ones who have paid, then brazenly telling those who have paid, that they should help pressure the others to pay before they reconnect. Instead of disconnecting at individual cutouts, they disconnect at transformers and poles. They are not able to read the signs of the times and will help accelerate adoption of alternative sources of power. Useless,

Ericsson
#542 Posted : Friday, September 24, 2021 8:44:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
iris wrote:
VituVingiSana wrote:
sparkly wrote:


There must be a breakthrough in solar power capture and or storage.

That's the only reason why a KShs 75B turnover firm would invest KShs 2.2B an year for 10 years to offset an item of operating costs.

An average of 2.2bn/year is significant but not overly huge for EABL assuming it is spread out over 10 years and it gets:
- Annual savings will offset some of the 2.2bn.
- Depreciation provides a tax shield.
- Carbon credits?
- Inflation (2.2bn in 2022 > 2.2bn in 2032)

Finally, the 1H21 net turnover was 44.5bn (lower than pre-COVID 1H20) so FY21 is likely to be 80-85bn.

22% Gross Margin of 5bn = 1.1bn which covers 50% of the average CAPEX.
22% Gross Margin of 10bn = 2.2bn which covers 100% of the average CAPEX


In addition, there is additional benefit in being free of this company which is always in the grip of looters and mismanagement. Currently, perhaps because it is broke, they are busy disconnecting large blocks of users including the ones who have paid, then brazenly telling those who have paid, that they should help pressure the others to pay before they reconnect. Instead of disconnecting at individual cutouts, they disconnect at transformers and poles. They are not able to read the signs of the times and will help accelerate adoption of alternative sources of power. Useless,



It will take years for the share price to reach ksh.5
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Swenani
#543 Posted : Friday, September 24, 2021 11:31:29 AM
Rank: User


Joined: 8/15/2013
Posts: 13,228
Location: Vacuum
Ericsson wrote:
iris wrote:
VituVingiSana wrote:
sparkly wrote:


There must be a breakthrough in solar power capture and or storage.

That's the only reason why a KShs 75B turnover firm would invest KShs 2.2B an year for 10 years to offset an item of operating costs.

An average of 2.2bn/year is significant but not overly huge for EABL assuming it is spread out over 10 years and it gets:
- Annual savings will offset some of the 2.2bn.
- Depreciation provides a tax shield.
- Carbon credits?
- Inflation (2.2bn in 2022 > 2.2bn in 2032)

Finally, the 1H21 net turnover was 44.5bn (lower than pre-COVID 1H20) so FY21 is likely to be 80-85bn.

22% Gross Margin of 5bn = 1.1bn which covers 50% of the average CAPEX.
22% Gross Margin of 10bn = 2.2bn which covers 100% of the average CAPEX


In addition, there is additional benefit in being free of this company which is always in the grip of looters and mismanagement. Currently, perhaps because it is broke, they are busy disconnecting large blocks of users including the ones who have paid, then brazenly telling those who have paid, that they should help pressure the others to pay before they reconnect. Instead of disconnecting at individual cutouts, they disconnect at transformers and poles. They are not able to read the signs of the times and will help accelerate adoption of alternative sources of power. Useless,



It will take years for the share price to reach ksh.5


This is the share that will make my kids and grandkids billionaires
If Obiero did it, Who Am I?
muandiwambeu
#544 Posted : Friday, September 24, 2021 11:33:41 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,243
maka wrote:
Interesting how a company can be looted and plundered right before our eyes... Very sad state of affairs at KP.

Plata O Plomo O Plomo
Very irrelevant but intriguingly applicable in relation to your enquiry.
,Behold, a sower went forth to sow;....
muandiwambeu
#545 Posted : Friday, September 24, 2021 12:00:14 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,243
Swenani wrote:
Ericsson wrote:
iris wrote:
VituVingiSana wrote:
sparkly wrote:


There must be a breakthrough in solar power capture and or storage.

That's the only reason why a KShs 75B turnover firm would invest KShs 2.2B an year for 10 years to offset an item of operating costs.

An average of 2.2bn/year is significant but not overly huge for EABL assuming it is spread out over 10 years and it gets:
- Annual savings will offset some of the 2.2bn.
- Depreciation provides a tax shield.
- Carbon credits?
- Inflation (2.2bn in 2022 > 2.2bn in 2032)

Finally, the 1H21 net turnover was 44.5bn (lower than pre-COVID 1H20) so FY21 is likely to be 80-85bn.

22% Gross Margin of 5bn = 1.1bn which covers 50% of the average CAPEX.
22% Gross Margin of 10bn = 2.2bn which covers 100% of the average CAPEX


In addition, there is additional benefit in being free of this company which is always in the grip of looters and mismanagement. Currently, perhaps because it is broke, they are busy disconnecting large blocks of users including the ones who have paid, then brazenly telling those who have paid, that they should help pressure the others to pay before they reconnect. Instead of disconnecting at individual cutouts, they disconnect at transformers and poles. They are not able to read the signs of the times and will help accelerate adoption of alternative sources of power. Useless,



It will take years for the share price to reach ksh.5


This is the share that will make my kids and grandkids billionaires


https://www.businessdail...h-sh750m-credit-3558684

https://www.hydroreview....te-friendly-with-hydro/

https://www.google.com/u...w1q0DHr4CU2lY4KmJ-s43Vk

https://www.google.com/u...w11Vk8ukpdMdHCmUwamRW4x

Companies install standby generators to cushion business from erratic electricity supply by kplc
High cost of power driving enterprises into the brink of closure.
The list of search is endless, but on the receiving end is kplc and kengen.

Let's go the classed way of saying mighty things as below.

If this trend continues, passengers and touts will own matatus and owners of matatus will face off in a rat-race fiasco. How will your offsprings be fairingSad while caugh up in this meddling of mandled state of afair.
,Behold, a sower went forth to sow;....
kmucheke
#546 Posted : Tuesday, September 28, 2021 10:04:35 PM
Rank: Member


Joined: 3/16/2019
Posts: 308
Ebenyo
#547 Posted : Wednesday, September 29, 2021 5:47:01 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,993
Location: Kitale
Ngumi task force report released today.
Some recommendations:
No further signing of new IPPs
Existing contracts to be renagotiated
All the recommendations to be implemented by December.
Towards the goal of financial freedom
Ericsson
#548 Posted : Wednesday, September 29, 2021 7:08:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Kenya Power traded 10.43 million shares yesterday.
Today 1.13 million shares were traded
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#549 Posted : Friday, October 01, 2021 12:24:06 AM
Rank: Member


Joined: 3/16/2019
Posts: 308
Energy regime change long overdue
Quote:
The other day, a reader reached out to provide me with documents from the Companies’ Registry to show me that a member of the Kenya Electricity Workers Union (Ketawu) was a shareholder in one of the leading IPPs, arguing that this was a clear case of conflict of interest.

The union has just put out a statement calling for the removal from office of the board of Kenya Power that includes three members of the John Ngumi-led committee that has been at the forefront of calling for renegotiation of power purchase agreements.

Quote:
Indeed the main reason and motive for the spirited campaign to remove the current Kenya Power board members is because they have been trying to disrupt the networks that have captured the company by turning its supply chain into a veritable source of inexhaustible largesse.
Ericsson
#550 Posted : Friday, October 29, 2021 7:08:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Extraterrestrial
#551 Posted : Friday, October 29, 2021 8:20:30 PM
Rank: Member


Joined: 11/17/2018
Posts: 166
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.
My 2 cents
#552 Posted : Friday, October 29, 2021 8:31:51 PM
Rank: Member


Joined: 6/2/2010
Posts: 822
You actually expect a company with Kes 110 billion in debt to pay a dividend?
My 2 cents
#553 Posted : Friday, October 29, 2021 8:35:10 PM
Rank: Member


Joined: 6/2/2010
Posts: 822
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.
VituVingiSana
#554 Posted : Saturday, October 30, 2021 2:27:46 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,744
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
VituVingiSana
#555 Posted : Saturday, October 30, 2021 2:29:48 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,744
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
Ebenyo
#556 Posted : Saturday, October 30, 2021 6:21:22 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,993
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
Ericsson
#557 Posted : Saturday, October 30, 2021 9:14:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
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
Ebenyo
#558 Posted : Saturday, October 30, 2021 11:27:33 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,993
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
VituVingiSana
#559 Posted : Sunday, October 31, 2021 7:42:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,744
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
HaMaina
#560 Posted : Monday, November 01, 2021 11:11:39 AM
Rank: Member


Joined: 4/23/2014
Posts: 863
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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