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BREAKING NEWS!! KPLC RESTRUCTURING details out
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BGL
#41 Posted : Friday, September 24, 2010 11:34:48 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
The market had factored in the expected profits HOWEVER we were waiting for details on the balance sheet restructuring which did not materialize. I hope it can be worked out and included in the agenda for the AGM which should be around December. No love lost. As long as we will NEVER have another Gichuru (responsible for the mess that led to the creation of the pref shares) as the CEO, this will remain one of my darlings in the market.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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the deal
#42 Posted : Friday, September 24, 2010 11:39:02 AM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
Exited this burger both on the fantansy and the real market...i will take my profits...the results kind of dissapointed me...and with the restructuring in limbo this stock will be depressed...
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VituVingiSana
#43 Posted : Friday, September 24, 2010 1:26:33 PM
Rank: Chief


Joined: 1/3/2007
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Location: Nairobi
I snoozed & I lost...

I was hoping KPLC would drop to 200/- but it is back to 239/-...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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innovator
#44 Posted : Friday, September 24, 2010 1:36:17 PM
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Joined: 7/24/2010
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Location: nairobi
When are we expecting kengen results, kplc board could have cosidered the public outcry over kengen poor 1/2 year results compared to kplc fantastic results with very high electricity bills.
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mv_ufanisi
#45 Posted : Friday, September 24, 2010 2:30:20 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
BGL wrote:
The market had factored in the expected profits HOWEVER we were waiting for details on the balance sheet restructuring which did not materialize. I hope it can be worked out and included in the agenda for the AGM which should be around December. No love lost. As long as we will NEVER have another Gichuru (responsible for the mess that led to the creation of the pref shares) as the CEO, this will remain one of my darlings in the market.


Gichuru milked this company like a cow. Now he put all the money in some random Islands in the English Channel. Another short sighted Kenyan keeping our country back. So much for KACC. Kenyans should just take action like blacklisting these people: This guy for one deserves to be in Kamiti with the rest of them.
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Gordon Gekko
#46 Posted : Friday, September 24, 2010 3:03:49 PM
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Joined: 5/27/2008
Posts: 3,760
@vvs, apologies, I was just delirious from Nyoikeism. Yes. Current assets truly down. In my euphoria I read PPE as Current Assets and was wondering how they could have grown by 10B. Still, how could PPE have gone up by that much? Transmission is done by Kentraco, generation by Geothermal Development Corp and Kengen and that wind generation outfit (Kengen?), meaning no investments in generation and transmission, so where did the 10B go? Also the transmission costs in the P&L - is it the fee to Kentraco?

@mv_ufanisi "Gichuru milked this company like a cow. Now he put all the money in some random Islands in the English Channel." - and Chaka House Hurlingham and.. and.. and.. niendelee au nisiendelee?
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Sufficiently Philanga....thropic
#47 Posted : Friday, September 24, 2010 4:01:36 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli

Have a feeling this CapRe thing will be done with sooner rather than later. Have u asked yourself why the results were released more than a month earlier than they were last year? Sept 23rd vs Oct 29th? This time round, they even beat Kengen!
Sell this share at your own risk, the stock has even bridged the 240 mark just before close of trading.
Those who persevere for a few more weekss shall be treated to an early Christmas!
@SufficientlyP
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kyt
#48 Posted : Friday, September 24, 2010 4:11:25 PM
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Joined: 11/7/2007
Posts: 2,182
So many guys in this post. KK up 6%. Noma sana!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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My 2 cents
#49 Posted : Friday, September 24, 2010 4:31:26 PM
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Joined: 6/2/2010
Posts: 1,070
A PE ratio of 5. Damn! If these results are to be believed this share is a cheap as chips!!!!!!!!!!!!!
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VituVingiSana
#50 Posted : Friday, September 24, 2010 7:07:23 PM
Rank: Chief


Joined: 1/3/2007
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Location: Nairobi
My 2 cents wrote:
A PE ratio of 5. Damn! If these results are to be believed this share is a cheap as chips!!!!!!!!!!!!!
Since I have been encouraging you to buy KPLC... will be buy me a plate of chips?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#51 Posted : Friday, September 24, 2010 7:09:59 PM
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Joined: 1/3/2007
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Location: Nairobi
@GG - KPLC has been installing new transformers, new lines, new meters... all this is CAPEX... Also Ketraco has not taken off yet so most Transmission & Distribution investments are still done by KPLC...

KPLC hooked up 120,000+ new customers in 2009-10...

Of course, 'increase' in PPE includes new transformers to replace the stolen/damaged ones due to theft/vandalism... The old ones are valued were probably at a lower cost...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#52 Posted : Friday, September 24, 2010 7:21:55 PM
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Joined: 1/21/2010
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Location: Nairobi
VituVingiSana wrote:
@GG - KPLC has been installing new transformers, new lines, new meters... all this is CAPEX... Also Ketraco has not taken off yet so most Transmission & Distribution investments are still done by KPLC...

KPLC hooked up 120,000+ new customers in 2009-10...

Of course, 'increase' in PPE includes new transformers to replace the stolen/damaged ones due to theft/vandalism... The old ones are valued were probably at a lower cost...

@VVS they created 214,088 customers...
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#53 Posted : Friday, September 24, 2010 7:25:06 PM
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guru267 wrote:
VituVingiSana wrote:
@GG - KPLC has been installing new transformers, new lines, new meters... all this is CAPEX... Also Ketraco has not taken off yet so most Transmission & Distribution investments are still done by KPLC...

KPLC hooked up 120,000+ new customers in 2009-10...

Of course, 'increase' in PPE includes new transformers to replace the stolen/damaged ones due to theft/vandalism... The old ones are valued were probably at a lower cost...

@VVS they created 214,088 customers...
Where did you get that number from? I said 120,000+ coz I wasn't sure... I think 214,088 might be for 2 years... but I defer to you if you show me the source...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#54 Posted : Friday, September 24, 2010 7:28:53 PM
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Joined: 1/3/2007
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Location: Nairobi
Gordon Gekko wrote:
@vvs, apologies, I was just delirious from Nyoikeism. Also the transmission costs in the P&L - is it the fee to Kentraco?

Ketraco is not operational yet... As in they don't transmit electricity...

The fee/costs for transmission relate to system losses & costs on maintaining the power lines...

BTW, KPLC's closing price was back to 245/-... Seems the 220/- sellers got screwed... Probably the broker put in a SELL order at MARKET...

I think the share is headed to 300/- (a fair value in my book)...

The potential for 2010-11 is even better...
- More customers (120,000 to 214,000. Not sure of exact numbers) signed up in 2009-10. Another 120,000 targeted for 2010-11.
- More prepaid meters means less hassle with collections
- Better cash management with pre-paid meters
- Better network = lower system losses
- Supply seems to be growing (Hydro remains a risk) & new/additonal plants/projects coming on-stream in 2011
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#55 Posted : Friday, September 24, 2010 9:40:47 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS the 120,000 was for the half year results....

I don't know How to give links using the phone but i'm 100% sure of my number
Mark 12:29
Deuteronomy 4:16
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guru267
#56 Posted : Monday, September 27, 2010 10:45:41 AM
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@VVS looks we lost our chance to buy more Sad Sad Sad KPLC has opened at 246... Hope it holds but if it falls I'll be there waiting
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#57 Posted : Monday, September 27, 2010 10:57:56 AM
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Location: Nairobi
guru267 wrote:
@VVS looks we lost our chance to buy more Sad Sad Sad KPLC has opened at 246... Hope it holds but if it falls I'll be there waiting
Unlikely to fall... I saw them at 220/- on Friday but by the time I got my stuff ready to go the price was back up...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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BGL
#58 Posted : Thursday, October 07, 2010 3:19:41 AM
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Joined: 10/11/2009
Posts: 1,223
Finally the details of KPLC's balance sheet restructuring are out. It also confirms the fears that there are people out there who were trading huge volumes with info that was not public.
http://www.4shared.com/g...025_BALANCE_SHEET_R.html
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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youcan'tstopusnow
#59 Posted : Thursday, October 07, 2010 6:23:17 AM
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Location: Black Africa
BGL, such info always gets into the public domain
GOD BLESS YOUR LIFE
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Sober
#60 Posted : Thursday, October 07, 2010 7:24:27 AM
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Joined: 11/27/2007
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238. Someone, guess the price we'l go with into the weekend.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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