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Kenya Power HY 2015 PBT up 53%
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VituVingiSana
#21 Posted : Wednesday, February 18, 2015 9:52:54 AM
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Joined: 1/3/2007
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Location: Nairobi
lochaz-index wrote:
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?



Yes.

If one is a shareholder who suffered through low returns since the Rights Issue due to political machinations by the Executive. This return is piddling when looked at over a 5 year perspective.

And there's a low dividend payout as well because the cash is used to strengthen the grid with no guarantee the electricity will not be stolen by the customers.

There will be a low REAL (cash) return on investment for the foreseeable future as interest payments increase with annual KES 15-20bn CAPEX. In addition, KPLC guarantees off-take [capacity charges] from IPPs, KenGen, etc for all the new projects coming in. If the off-take is poor (or technical/commercial losses) then KPLC bears the cost/risk.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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derick
#22 Posted : Wednesday, February 18, 2015 12:07:43 PM
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Kenya Power records 53 per cent increase in pre-tax profits - http://www.standardmedia...e/?articleID=2000152087 via @StandardKenya
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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jwatesh
#23 Posted : Wednesday, February 18, 2015 12:18:42 PM
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Oh yeah!!! This monopoly doesnt disappoint in earnings but disappoints in dividends
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jwatesh
#24 Posted : Wednesday, February 18, 2015 12:27:14 PM
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The optimist wrote:
guru267 wrote:
mwekez@ji wrote:
Interim Dividend; Kes. 0.20

Outlook; Positive

smile smile smile


RINK!!!!!



Hope this helps



Wait, they have a positive cashflow and low dividends. Must be big projects coming up
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guru267
#25 Posted : Wednesday, February 18, 2015 1:39:48 PM
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The resistance at 18bob is hardcore!
Mark 12:29
Deuteronomy 4:16
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Ericsson
#26 Posted : Wednesday, February 18, 2015 2:07:23 PM
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Electricity sales grew by 5.5% from 3093 GwH to 4320 GWH.
The huge jump was due to higher electricity tariffs due to increment in fixed charge and per unit cost
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#27 Posted : Wednesday, February 18, 2015 2:15:08 PM
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guru267 wrote:
The resistance at 18bob is hardcore!

19.50 is another point to watch ahead,even a previous rally stalled at 18
"Don't let the fear of losing be greater than the excitement of winning."
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Gatheuzi
#28 Posted : Wednesday, February 18, 2015 2:17:30 PM
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Non current liabilities grew by 38bn from 76bn to 114bn. This explains the additional 10.4bn cash generated from financing activities.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Othelo
#29 Posted : Wednesday, February 18, 2015 2:23:46 PM
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Gatheuzi wrote:
Non current liabilities grew by 38bn from 76bn to 114bn. This explains the additional 10.4bn cash generated from financing activities.

So mambo ni ku-postpone repayment, ok.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Ericsson
#30 Posted : Wednesday, February 18, 2015 2:30:34 PM
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@othelo;
As the year was closing Kenya power was receiving loans and it seems from the 40bn they received 10.4bn is the amount that has been used in grid expansion and modernization.
The other amount is either sitting at the bank or in government bills
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Othelo
#31 Posted : Wednesday, February 18, 2015 4:48:18 PM
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^^^^^ thanks for that!!!!!!!!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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VituVingiSana
#32 Posted : Thursday, February 19, 2015 12:50:16 AM
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mlennyma wrote:
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?

this tells me were it not for greed our economy can grow tremendously and our competitiveness can immensely improve, unfortunately kenya power is one barrier mr. ruto has to crack for not passing benefits to our economy

Ruto is part of the problem not the solution.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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edwinmukiri
#33 Posted : Thursday, February 19, 2015 8:41:27 AM
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Joined: 8/11/2014
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is the price expected to rise after the results.
Bulls make money,bears make money and pigs get slaughtered.
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Impunity
#34 Posted : Thursday, February 19, 2015 9:47:21 AM
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mlennyma wrote:
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?

this tells me were it not for greed our economy can grow tremendously and our competitiveness can immensely improve, unfortunately kenya power is one barrier mr. ruto has to crack for not passing benefits to our economy


Look at the expanded electricity bill.
Yaani those monopoly is even charging directly for ferex losses,sijui Rural dev levies and so cruel other charges.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Impunity
#35 Posted : Thursday, February 19, 2015 9:50:10 AM
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VituVingiSana wrote:
mlennyma wrote:
Impunity wrote:
Is it morally right for a public utility which has a monopoly and levies some of the most outrageous charges to citizens to make such profit, and go ahead and publicly take pride in announcing them?

this tells me were it not for greed our economy can grow tremendously and our competitiveness can immensely improve, unfortunately kenya power is one barrier mr. ruto has to crack for not passing benefits to our economy

Ruto is part of the problem not the solution.


Yeah, remember he privately developed their land huko Karen?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ericsson
#36 Posted : Thursday, February 19, 2015 9:50:44 AM
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The price is dropping.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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actuarywahisa
#37 Posted : Thursday, February 19, 2015 10:13:50 AM
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Joined: 5/21/2014
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Ericsson wrote:
The price is dropping.


I wouldn't read too much into short term movements.
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Ephy
#38 Posted : Thursday, February 19, 2015 10:23:08 AM
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Joined: 9/18/2009
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This is a great stock to hold. A perfect case of '' people overestimate what can happen in a year & overly underestimate what can happen in 20 years ".

Should be trading > 20/=
See what everyone has seen,but think what nobody has thought. Albert Szent-Gyorgyi
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mkonomtupu
#39 Posted : Thursday, February 19, 2015 10:40:20 AM
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Joined: 2/10/2010
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Location: River Road
Ericsson wrote:
The price is dropping.



A lot of big money got stuck during the rights issue price of 19/=
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Kastone
#40 Posted : Thursday, February 19, 2015 10:48:14 AM
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Joined: 3/1/2014
Posts: 82
mkonomtupu wrote:
Ericsson wrote:
The price is dropping.



A lot of big money got stuck during the rights issue price of 19/=


Agreed. Been 'stuck' since 2011
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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