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Kenya Power FY 2017/2018
Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:wukan wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? I don't think much will change. I'm salivating at the shorting prospects if NSE had an ETF of GoK firms(owned, controlled and managed) eg kplc, kq, kengen, eapc, mumias, Kenya re, nbk in a single index...the returns since 2015 would have been quite stellar. Due to its broad based composition it would accurately track GoK/political risk/performance as opposed to a single stock pricing/financial performance. Quote:Electricity sales grew by 2.3% from 8,272 million units the previous year, to 8,459 million
units in the period under review due to an expanded customer base. This is the only stat I look at together with cement consumption. In the last year of Kibaki electricity sales was growing 8%. Throw 3 trillion shillings in debt and you end up with 2.3% growth.  shit-storm is coming @wukan Very very well explained hapo admin wukan be promoted to a veteran Those are back of the envelope calculations  Kenya is red hoooot economy growing at 6% pa and a CNN one hour programme survey (using social media) put it at no. 2 fastest growing economy in Africa and add the BIG 4 and Eurobond 3 on the way, yawa munataka nini wajameni ............... In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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wukan wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? I don't think much will change. I'm salivating at the shorting prospects if NSE had an ETF of GoK firms(owned, controlled and managed) eg kplc, kq, kengen, eapc, mumias, Kenya re, nbk in a single index...the returns since 2015 would have been quite stellar. Due to its broad based composition it would accurately track GoK/political risk/performance as opposed to a single stock pricing/financial performance. Quote:Electricity sales grew by 2.3% from 8,272 million units the previous year, to 8,459 million
units in the period under review due to an expanded customer base. This is the only stat I look at together with cement consumption. In the last year of Kibaki electricity sales was growing 8%. Throw 3 trillion shillings in debt and you end up with 2.3% growth. shit-storm is coming If you strip down the much vaunted GDP growth stats and exclude GoK related activities (public sector growth) you end up with a a figure of 2.9% which ties in perfectly with credit growth, electricity and cement consumption figures. Problem here is that the leverage used so far hasn't spurred enough growth to enable its consequent servicing. An anemic private sector portends ill for continued public sector expenditure (debt fueled) seeing as the public sector is 100% dependent on the health of the private sector. You can't cheat the hangman for long. How it pans out remains to be seen. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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lochaz-index wrote:wukan wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? I don't think much will change. I'm salivating at the shorting prospects if NSE had an ETF of GoK firms(owned, controlled and managed) eg kplc, kq, kengen, eapc, mumias, Kenya re, nbk in a single index...the returns since 2015 would have been quite stellar. Due to its broad based composition it would accurately track GoK/political risk/performance as opposed to a single stock pricing/financial performance. Quote:Electricity sales grew by 2.3% from 8,272 million units the previous year, to 8,459 million
units in the period under review due to an expanded customer base. This is the only stat I look at together with cement consumption. In the last year of Kibaki electricity sales was growing 8%. Throw 3 trillion shillings in debt and you end up with 2.3% growth. shit-storm is coming If you strip down the much vaunted GDP growth stats and exclude GoK related activities (public sector growth) you end up with a a figure of 2.9% which ties in perfectly with credit growth, electricity and cement consumption figures. Problem here is that the leverage used so far hasn't spurred enough growth to enable its consequent servicing. An anemic private sector portends ill for continued public sector expenditure (debt fueled) seeing as the public sector is 100% dependent on the health of the private sector. You can't cheat the hangman for long. How it pans out remains to be seen. Of equal concern is the large number of constructed real estate units that remain unoccupied, most certainly due to layoffs at the middle class range..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:lochaz-index wrote:wukan wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? I don't think much will change. I'm salivating at the shorting prospects if NSE had an ETF of GoK firms(owned, controlled and managed) eg kplc, kq, kengen, eapc, mumias, Kenya re, nbk in a single index...the returns since 2015 would have been quite stellar. Due to its broad based composition it would accurately track GoK/political risk/performance as opposed to a single stock pricing/financial performance. Quote:Electricity sales grew by 2.3% from 8,272 million units the previous year, to 8,459 million
units in the period under review due to an expanded customer base. This is the only stat I look at together with cement consumption. In the last year of Kibaki electricity sales was growing 8%. Throw 3 trillion shillings in debt and you end up with 2.3% growth. shit-storm is coming If you strip down the much vaunted GDP growth stats and exclude GoK related activities (public sector growth) you end up with a a figure of 2.9% which ties in perfectly with credit growth, electricity and cement consumption figures. Problem here is that the leverage used so far hasn't spurred enough growth to enable its consequent servicing. An anemic private sector portends ill for continued public sector expenditure (debt fueled) seeing as the public sector is 100% dependent on the health of the private sector. You can't cheat the hangman for long. How it pans out remains to be seen. Of equal concern is the large number of constructed real estate units that remain unoccupied, most certainly due to layoffs at the middle class range.. That's of little concern given that there is plenty of demand for housing at the RIGHT price/cost. Units are empty since the landlords want higher rents than what renters can/want to pay. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:obiero wrote:lochaz-index wrote:wukan wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? I don't think much will change. I'm salivating at the shorting prospects if NSE had an ETF of GoK firms(owned, controlled and managed) eg kplc, kq, kengen, eapc, mumias, Kenya re, nbk in a single index...the returns since 2015 would have been quite stellar. Due to its broad based composition it would accurately track GoK/political risk/performance as opposed to a single stock pricing/financial performance. Quote:Electricity sales grew by 2.3% from 8,272 million units the previous year, to 8,459 million
units in the period under review due to an expanded customer base. This is the only stat I look at together with cement consumption. In the last year of Kibaki electricity sales was growing 8%. Throw 3 trillion shillings in debt and you end up with 2.3% growth. shit-storm is coming If you strip down the much vaunted GDP growth stats and exclude GoK related activities (public sector growth) you end up with a a figure of 2.9% which ties in perfectly with credit growth, electricity and cement consumption figures. Problem here is that the leverage used so far hasn't spurred enough growth to enable its consequent servicing. An anemic private sector portends ill for continued public sector expenditure (debt fueled) seeing as the public sector is 100% dependent on the health of the private sector. You can't cheat the hangman for long. How it pans out remains to be seen. Of equal concern is the large number of constructed real estate units that remain unoccupied, most certainly due to layoffs at the middle class range.. That's of little concern given that there is plenty of demand for housing at the RIGHT price/cost. Units are empty since the landlords want higher rents than what renters can/want to pay. https://www.standardmedi...-of-large-users-decline
So large power consumption dropped 12.7%.......not good that
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:lochaz-index wrote:wukan wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? I don't think much will change. I'm salivating at the shorting prospects if NSE had an ETF of GoK firms(owned, controlled and managed) eg kplc, kq, kengen, eapc, mumias, Kenya re, nbk in a single index...the returns since 2015 would have been quite stellar. Due to its broad based composition it would accurately track GoK/political risk/performance as opposed to a single stock pricing/financial performance. Quote:Electricity sales grew by 2.3% from 8,272 million units the previous year, to 8,459 million
units in the period under review due to an expanded customer base. This is the only stat I look at together with cement consumption. In the last year of Kibaki electricity sales was growing 8%. Throw 3 trillion shillings in debt and you end up with 2.3% growth. shit-storm is coming If you strip down the much vaunted GDP growth stats and exclude GoK related activities (public sector growth) you end up with a a figure of 2.9% which ties in perfectly with credit growth, electricity and cement consumption figures. Problem here is that the leverage used so far hasn't spurred enough growth to enable its consequent servicing. An anemic private sector portends ill for continued public sector expenditure (debt fueled) seeing as the public sector is 100% dependent on the health of the private sector. You can't cheat the hangman for long. How it pans out remains to be seen. Of equal concern is the large number of constructed real estate units that remain unoccupied, most certainly due to layoffs at the middle class range.. That's of little concern given that there is plenty of demand for housing at the RIGHT price/cost. Units are empty since the landlords want higher rents than what renters can/want to pay. We are not talking about Umoja rent.. I'm referring to the real middle class, the Ojijo Road type
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:Profit before tax at ksh.3.089bn
Profit after tax at ksh.1.918bn
No dividend declared After all the drama, this is much better than I expected. Compare this to some firms that have not turned a profit for 6 years running. Have the accounts been qualified? What's the EPS?How many shares does KPLC have? Going by the numbers provided by @Ericsson, the EPS is ksh. 1 or thereabouts. Therefore earnings = 28% given the current share price of 3.6. How is Return on Assets(ROA) calculated for firms such as Kenya power? What is the formula? I told you this firm if well managed can rival Safaricom IFWho runs Saf? Who runs KPLC? [NBK, KQ, KenGen, etc] With a topline of 100 billion, Kenya power in 10 years fron has the potential to report a bottom line of >40 billion assuming it will still be a monopoly and will have management like that of KCB(another GoK firm) or your beloved Kenya-re. @KauganaDodo predicts Kenya power's house will have been cleaned by the year 2023. Not a Looto(innocent til proven guilty) kind of cleaning but a balance sheet cleaning.It is obvious Kenya will be consuming more electricity by 2030 and hence more revenue. Kenya power just need to provide better service to cutomers and its management ought to be prudent,effective and transparent. P.S. I notice you conveniently leave out other mali ya umma firms like KCB and Kenya-Re Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Fyatu wrote:VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:Profit before tax at ksh.3.089bn
Profit after tax at ksh.1.918bn
No dividend declared After all the drama, this is much better than I expected. Compare this to some firms that have not turned a profit for 6 years running. Have the accounts been qualified? What's the EPS?How many shares does KPLC have? Going by the numbers provided by @Ericsson, the EPS is ksh. 1 or thereabouts. Therefore earnings = 28% given the current share price of 3.6. How is Return on Assets(ROA) calculated for firms such as Kenya power? What is the formula? I told you this firm if well managed can rival Safaricom IFWho runs Saf? Who runs KPLC? [NBK, KQ, KenGen, etc] With a topline of 100 billion, Kenya power in 10 years fron has the potential to report a bottom line of >40 billion assuming it will still be a monopoly and will have management like that of KCB(another GoK firm) or your beloved Kenya-re. @KauganaDodo predicts Kenya power's house will have been cleaned by the year 2023. Not a Looto(innocent til proven guilty) kind of cleaning but a balance sheet cleaning.It is obvious Kenya will be consuming more electricity by 2030 and hence more revenue. Kenya power just need to provide better service to cutomers and its management ought to be prudent,effective and transparent. P.S. I notice you conveniently leave out other mali ya umma firms like KCB and Kenya-Re Safaricom and his beloved KENRE have an even higher percentage of ownership by GoK than KCB, but in life sometimes a person can only see what he/she wants to see.. Kenya Re 60% Kenya Power 50.06% Kenya Airways 48.6% EAPC 25% NBK 22.5% MSC 20% KCB 17% UCHUMI 14%
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Breaking news??? https://www.businessdail...5858-11rrbsez/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/8/2007 Posts: 709
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[quote=obiero]Breaking news??? https://www.businessdail...858-11rrbsez/index.html[/quote] With Dp Rutos,puppet at the helm of Kenya power, we are yet to see the worst. All they do is loot and loot, look at KPC. Look at treasury with the maize sugar imports. Keter, Rotich etc They are a bunch of hungary hyenas waiting to pounce and loot Kenya during Samoei presidency.
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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[quote=obiero]Breaking news??? https://www.businessdail...858-11rrbsez/index.html[/quote] What a blow.Kanguangado said the results have been massaged kidogo.The true results must have been bad. It also means second half they made a loss Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:What a blow.Kanguangado said the results have been massaged kidogo.The true results must have been bad. It also means second half they made a loss Skeletons in the closet
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:lochaz-index wrote:wukan wrote:lochaz-index wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? I don't think much will change. I'm salivating at the shorting prospects if NSE had an ETF of GoK firms(owned, controlled and managed) eg kplc, kq, kengen, eapc, mumias, Kenya re, nbk in a single index...the returns since 2015 would have been quite stellar. Due to its broad based composition it would accurately track GoK/political risk/performance as opposed to a single stock pricing/financial performance. Quote:Electricity sales grew by 2.3% from 8,272 million units the previous year, to 8,459 million
units in the period under review due to an expanded customer base. This is the only stat I look at together with cement consumption. In the last year of Kibaki electricity sales was growing 8%. Throw 3 trillion shillings in debt and you end up with 2.3% growth. shit-storm is coming If you strip down the much vaunted GDP growth stats and exclude GoK related activities (public sector growth) you end up with a a figure of 2.9% which ties in perfectly with credit growth, electricity and cement consumption figures. Problem here is that the leverage used so far hasn't spurred enough growth to enable its consequent servicing. An anemic private sector portends ill for continued public sector expenditure (debt fueled) seeing as the public sector is 100% dependent on the health of the private sector. You can't cheat the hangman for long. How it pans out remains to be seen. Of equal concern is the large number of constructed real estate units that remain unoccupied, most certainly due to layoffs at the middle class range.. That's of little concern given that there is plenty of demand for housing at the RIGHT price/cost. Units are empty since the landlords want higher rents than what renters can/want to pay. We are not talking about Umoja rent.. I'm referring to the real middle class, the Ojijo Road type Drop the rent & renters will show up. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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Fyatu wrote:VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:Profit before tax at ksh.3.089bn
Profit after tax at ksh.1.918bn
No dividend declared After all the drama, this is much better than I expected. Compare this to some firms that have not turned a profit for 6 years running. Have the accounts been qualified? What's the EPS?How many shares does KPLC have? Going by the numbers provided by @Ericsson, the EPS is ksh. 1 or thereabouts. Therefore earnings = 28% given the current share price of 3.6. How is Return on Assets(ROA) calculated for firms such as Kenya power? What is the formula? I told you this firm if well managed can rival Safaricom IFWho runs Saf? Who runs KPLC? [NBK, KQ, KenGen, etc] With a topline of 100 billion, Kenya power in 10 years fron has the potential to report a bottom line of >40 billion assuming it will still be a monopoly and will have management like that of KCB(another GoK firm) or your beloved Kenya-re. @KauganaDodo predicts Kenya power's house will have been cleaned by the year 2023. Not a Looto(innocent til proven guilty) kind of cleaning but a balance sheet cleaning.It is obvious Kenya will be consuming more electricity by 2030 and hence more revenue. Kenya power just need to provide better service to cutomers and its management ought to be prudent,effective and transparent. P.S. I notice you conveniently leave out other mali ya umma firms like KCB and Kenya-Re KCB - Only 17% GoK + 8% NSSF but I don't know who has the reins. I have been a fan of Equity over KCB for years. KCB gets favored over Equity by GoK. KenRe - Well managed but we saw what happened recently. I will probably bail out if Looto has his way. It can easily go the way of other formerly cash-rich firms. It's harder, not impossible, to steal brazenly from KenRe except for real estate. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:Profit before tax at ksh.3.089bn
Profit after tax at ksh.1.918bn
No dividend declared After all the drama, this is much better than I expected. Compare this to some firms that have not turned a profit for 6 years running. Have the accounts been qualified? What's the EPS?How many shares does KPLC have? Going by the numbers provided by @Ericsson, the EPS is ksh. 1 or thereabouts. Therefore earnings = 28% given the current share price of 3.6. How is Return on Assets(ROA) calculated for firms such as Kenya power? What is the formula? I told you this firm if well managed can rival Safaricom IFWho runs Saf? Who runs KPLC? [NBK, KQ, KenGen, etc] With a topline of 100 billion, Kenya power in 10 years fron has the potential to report a bottom line of >40 billion assuming it will still be a monopoly and will have management like that of KCB(another GoK firm) or your beloved Kenya-re. @KauganaDodo predicts Kenya power's house will have been cleaned by the year 2023. Not a Looto(innocent til proven guilty) kind of cleaning but a balance sheet cleaning.It is obvious Kenya will be consuming more electricity by 2030 and hence more revenue. Kenya power just need to provide better service to cutomers and its management ought to be prudent,effective and transparent. P.S. I notice you conveniently leave out other mali ya umma firms like KCB and Kenya-Re Safaricom and his beloved KENRE have an even higher percentage of ownership by GoK than KCB, but in life sometimes a person can only see what he/she wants to see.. Kenya Re 60% Kenya Power 50.06% Kenya Airways 48.6% EAPC 25% NBK 22.5% MSC 20% KCB 17% UCHUMI 14% Who runs Saf? KenRe - I may bail out if Mwarania leaves & Looto's people run the show. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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Electricity distributor Kenya Power’s 47.7 per cent surge in short-term debt has plunged the company into a Sh16.1 billion negative working capital position, forcing it to open negotiations for loan restructuring. Kenya Power said last week that it had opened talks with its creditors to extend the payment period for segments of its loan obligations that are due to mature in the current financial year. “We are beginning to renegotiate part of the loans and convert them into long-term debt to bridge the negative liquidity gap,” acting chief executive Jared Othieno said. https://www.businessdail...868866-idjjfz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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The regime of Chumo and Tarus finished this company. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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AndyC wrote:obiero wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? Your misfortunes with ARM, KQ, Olympia and Flame Tree are equally well documented, to mention but a few.. This duel needs to settle now! It is well documented in most threads and someone needs to take the higher road. Handshake anyone? I like both of them.They are both honest.Together with pesa nane,they have earned my respect.They have greatly influenced my investment skills.Let their duel continue as its beneficial to wazua republic! Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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Ebenyo wrote:AndyC wrote:obiero wrote:VituVingiSana wrote:lochaz-index wrote:Kenya Power is a very good/reliable proxy for political risk in KE and the (mis)management that comes with any regime. It could be a better barometer if shorting was possible. My aversion to GoK-controlled firms, despite my holdings in KenRe, is well documented. Thanks to @KDoDo for the accurate info. I hope KPLC is "revived" given I own 1/50,000,000 of it! Will the "new" scrutiny that the Mgmt is under help? Or will it the same old, same old? Your misfortunes with ARM, KQ, Olympia and Flame Tree are equally well documented, to mention but a few.. This duel needs to settle now! It is well documented in most threads and someone needs to take the higher road. Handshake anyone? I like both of them.They are both honest.Together with pesa nane,they have earned my respect.They have greatly influenced my investment skills.Let their duel continue as its beneficial to wazua republic!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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Ericsson wrote:The regime of Chumo and Tarus finished this company. Move over mo1, the art of stealing has been perfected. And they steal without mercy. All Sugar companies, NCPB, KPC, KPLC, now on their knees. You wonder what would happen '22-27' as they look for cash to run for second term
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