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Kenya Power - what's the latest?
kawi254
#601 Posted : Wednesday, February 23, 2022 12:48:46 AM
Rank: Member


Joined: 2/20/2015
Posts: 467
Location: Nairobi
VituVingiSana wrote:
kawi254 wrote:
Half year report date should be about now?
KPLC has until 31 Mar 2022


OK. traditionally before Auditor general related delays & losses it used be before end of February.
Ericsson
#602 Posted : Wednesday, February 23, 2022 9:35:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kawi254 wrote:
VituVingiSana wrote:
kawi254 wrote:
Half year report date should be about now?
KPLC has until 31 Mar 2022


OK. traditionally before Auditor general related delays & losses it used be before end of February.


Possibility is they will release before end of February
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Extraterrestrial
#603 Posted : Wednesday, February 23, 2022 3:09:13 PM
Rank: Member


Joined: 11/17/2018
Posts: 173
Location: Mars
Where is @KuanganaDoDo?
Ericsson
#604 Posted : Friday, February 25, 2022 4:57:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#605 Posted : Monday, February 28, 2022 12:58:24 AM
Rank: Member


Joined: 2/20/2015
Posts: 467
Location: Nairobi
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results
VituVingiSana
#606 Posted : Monday, February 28, 2022 10:07:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results

Unaudited vs Audited Laughing out loudly Laughing out loudly Laughing out loudly
Were there any moratoriums, debt forgiveness, debt restructuring during 1H?
GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
HaMaina
#607 Posted : Monday, February 28, 2022 11:03:37 AM
Rank: Veteran


Joined: 4/23/2014
Posts: 909
VituVingiSana wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results

Unaudited vs Audited Laughing out loudly Laughing out loudly Laughing out loudly
Were there any moratoriums, debt forgiveness, debt restructuring during 1H?
GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK?


Election campaign, I'm sure a lot of government institutions will show progress and even profit until October.
“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
McGill
#608 Posted : Monday, February 28, 2022 1:00:15 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 86
HaMaina wrote:
VituVingiSana wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results

Unaudited vs Audited Laughing out loudly Laughing out loudly Laughing out loudly
Were there any moratoriums, debt forgiveness, debt restructuring during 1H?
GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK?


Election campaign, I'm sure a lot of government institutions will show progress and even profit until October.


I will risk some coins in this one. But with a lot of room for disappointment.
mlennyma
#609 Posted : Monday, February 28, 2022 1:55:20 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


The only share whose price is lower than earnings per share...
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#610 Posted : Monday, February 28, 2022 10:47:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results

Unaudited vs Audited Laughing out loudly Laughing out loudly Laughing out loudly
Were there any moratoriums, debt forgiveness, debt restructuring during 1H?
GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK?


https://www.businessdail...-ncba-s-sh6-8bn-3665098

Moratorium given by NCBA

They also have a moratorium from treasury till July 1 2022
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#611 Posted : Tuesday, March 01, 2022 9:39:15 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results

Unaudited vs Audited Laughing out loudly Laughing out loudly Laughing out loudly
Were there any moratoriums, debt forgiveness, debt restructuring during 1H?
GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK?


https://www.businessdail...-ncba-s-sh6-8bn-3665098

Moratorium given by NCBA

They also have a moratorium from treasury till July 1 2022
Moratorium on interest too?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#612 Posted : Tuesday, March 01, 2022 9:45:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results

Unaudited vs Audited Laughing out loudly Laughing out loudly Laughing out loudly
Were there any moratoriums, debt forgiveness, debt restructuring during 1H?
GoK needs to sit down with KPLC and net off certain amounts. What the point of having huge Receivables and Payables that blow up a Balance Sheet from GoK?


https://www.businessdail...-ncba-s-sh6-8bn-3665098

Moratorium given by NCBA

They also have a moratorium from treasury till July 1 2022
Moratorium on interest too?


Yes both principal and interest.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#613 Posted : Thursday, March 03, 2022 4:25:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Where is @KuanganaDoDo?


Half Year Results ended December 31 2021
-Revenue up 21.1% to Kes.83bn
-Gross margin up 20.6% to kes.28bn
-Electricity sales up 8.7% to 4562GWh
-Operating profit up 76.8% to Ksh.12.2bn
-Finance costs up 3% to ksh.6.8bn
-Profit before tax ksh.5.659bn
-Profit After Tax closed at Ksh.3.8bn
-Earnings per share ksh.1.96


There is always an inverse correlation between results of KenGen and KPLC ...hoping KenGen doesn't surprise with opposite results.

Half year results for these parastatals will raise your hopes only for this 'profits' to disappear in year end results


-Non-fuel power purchase costs increased from Shs.38.1 Billion to Shs40.5 Billion mainly due to additional unit purchases to support increased demand.
-Fuel costs increased from Shs.4.6 Billion to Shs.10.9 Billion mainly due to a 314 GWh increase in units purchased from thermal plants to 709 GWh due to low hydrology resulting from delayed rains, and an upsurge in fuel prices.
-Electricity sales recorded an 8.7% growth from 4196GWh to 4,562GWh, compared to a similar period last year mainly due to: an increase in customer connectivity.
-We have prioritized debt reduction and the result of that is we improved our working capital position by KES.10 billion in the financial year.
-The Company closed the first half of FY2021 with a cash position of Shs.8.3 Billion that includes ring-fenced funds projects, receipts from Government for the Last Mile, and street lighting programmes, as well as funds for scheduled loan repayments.
-As a consequence, the Company reduced trade and other payables by over Shs.4 Billion. In addition, the business cleared overdrafts amounting to Shs.3.6 Billion.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#614 Posted : Thursday, March 03, 2022 4:46:38 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.
McGill
#615 Posted : Thursday, March 03, 2022 5:54:40 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 86
My 2 cents wrote:
The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.


Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices?
My 2 cents
#616 Posted : Thursday, March 03, 2022 8:57:44 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
McGill wrote:
My 2 cents wrote:
The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.


Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices?


Am not sure this has been worked out in detail.
The fuel subsidies will only hold until after the election.
VituVingiSana
#617 Posted : Friday, March 04, 2022 11:12:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
My 2 cents wrote:
McGill wrote:
My 2 cents wrote:
The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.


Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices?


Am not sure this has been worked out in detail.
The fuel subsidies will only hold until after the election.
Government run entities are full of issues. Good luck.

I say this and I am crying tears about Kenya Re which despite not being stolen from is suffering from low RoE and dividends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#618 Posted : Friday, March 04, 2022 12:19:39 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
My 2 cents wrote:
The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.


Let the government buy back Kplc shares from shareholders and dictate on how the company does business, it doesn't make any business sense to investors
"Don't let the fear of losing be greater than the excitement of winning."
My 2 cents
#619 Posted : Friday, March 04, 2022 12:53:25 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
VituVingiSana wrote:
My 2 cents wrote:
McGill wrote:
My 2 cents wrote:
The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.


Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices?


Am not sure this has been worked out in detail.
The fuel subsidies will only hold until after the election.
Government run entities are full of issues. Good luck.

I say this and I am crying tears about Kenya Re which despite not being stolen from is suffering from low RoE and dividends.


It is a lot harder to steal from Kenya-Re without heavy CAPEX. That is the main route of steal. If Kenya-Re suddenly starts to buy shady Real Estate or on grossly inflated values. Run. Also Kenya - RE has been steadily losing market share.
Ericsson
#620 Posted : Friday, March 04, 2022 9:09:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
My 2 cents wrote:
McGill wrote:
My 2 cents wrote:
The Government promise of reduction in power by 30% is not factored in HY1 results. So expect a disappointing HY2.


Does the govt just force kplc to reduce prices or it compensates KPLC through subsidies like it does for petrol prices?


Am not sure this has been worked out in detail.
The fuel subsidies will only hold until after the election.
Government run entities are full of issues. Good luck.

I say this and I am crying tears about Kenya Re which despite not being stolen from is suffering from low RoE and dividends.


Most insurance and reinsurance companies dividend payout ratio of the after tax profit is low.Even the big ones like Jubilee.At best its 20%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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