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KPLC rights issue 2011 VERRY STRONG BUY
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The Merchant
#21 Posted : Wednesday, June 15, 2011 7:45:18 PM
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Joined: 5/24/2010
Posts: 846
Location: KENYA
2012 wrote:
the deal wrote:
The Merchant wrote:
Half year results just about. Time to stock up on this one....What was the effect of investing in the new meters? Will this create a one off huge expense thus making H1 results not as good or is the cost immaterial?

Not 1H but FY results...what happened to YBC?smile


He thinks it's half year because it's June smile

Be niceLaughing out loudly Laughing out loudly Laughing out loudly
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VituVingiSana
#22 Posted : Wednesday, June 15, 2011 8:33:53 PM
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Joined: 1/3/2007
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FY 2010-11 Results in Aug/Sep 2011 but not sure of exact dates. Hopefully, they will let us know soon.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#23 Posted : Wednesday, June 15, 2011 8:44:09 PM
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Yep. Last years results came out on 8th sep. So results aren't as near as ppl tend to think.
The investor's chief problem - and even his worst enemy - is likely to be himself
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jerry
#24 Posted : Wednesday, June 15, 2011 9:55:44 PM
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Aguytrying wrote:
Yep. Last years results came out on 8th sep. So results aren't as near as ppl tend to think.

@Aguytrying. It's actually even further away than that. Announcement was 24th Sep and closing date 8th Nov.
The opposite of courage is not cowardice, it's conformity.
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The Merchant
#25 Posted : Thursday, June 16, 2011 9:31:41 AM
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Oh well. I won't wait till the final rush to get in. Im piling up on the stock now, now!
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The Merchant
#26 Posted : Thursday, June 16, 2011 9:44:05 AM
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I seem to be pushing the share price up smile Drat!! Sad
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mkonomtupu
#27 Posted : Thursday, June 16, 2011 9:48:52 AM
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I am selling half of KPLC portfolio today, this company needs too much capital and is not good in utilizing capital it's like an airline. i'm looking for better bargains now that the market is looking down
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mwenza
#28 Posted : Thursday, June 16, 2011 9:59:27 AM
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The interim dividend was to be paid on 31st May. Has anyone received theirs? Have not seen mine.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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VituVingiSana
#29 Posted : Thursday, June 16, 2011 10:20:03 AM
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mkonomtupu wrote:
I am selling half of KPLC portfolio today, this company needs too much capital and is not good in utilizing capital it's like an airline. i'm looking for better bargains now that the market is looking down
Does it need capital? Yes, but that's what it raised in Dec 2010. The enhanced Capital Base will allow KPLC to borrow at good rates. Of course, there are many factors but I see good profit [EPS growth] over the next 2 years...

Of course, there are other good firms out there as well but KPLC sells a product you will not want to cut out of your life!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#30 Posted : Thursday, June 16, 2011 10:34:58 AM
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VituVingiSana wrote:
mkonomtupu wrote:
I am selling half of KPLC portfolio today, this company needs too much capital and is not good in utilizing capital it's like an airline. i'm looking for better bargains now that the market is looking down
Does it need capital? Yes, but that's what it raised in Dec 2010.


My thoughts exactly. I was wondering what mkonombaya is talking about.

BBI will solve it :)
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the deal
#31 Posted : Thursday, June 16, 2011 11:09:42 AM
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KPLC=Kenya paraffin and lighting candles....buying their shares is the only way u can hedge against those stupid high power bills
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mkonomtupu
#32 Posted : Thursday, June 16, 2011 11:15:14 AM
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I was looking thoroughly at their five year corporate strategic plan 2011/2012 to 2015/2016(i had posted the link sometime back) and looking at their distribution plans the 9b rights looks like will be spent in year, their funding needs are big if they are to improve on efficiency. In as much as they are improving access by bring more small customers their projected electricity sales in GWh will only double in five years to 10000 GWh.

I'm just adjusting my portfolio and placing capital in sectors i feel will achieve much faster growth. KPLC just didn't meet the cut it's now a spare wheel on my portfolio
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VituVingiSana
#33 Posted : Thursday, June 16, 2011 11:27:39 AM
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Joined: 1/3/2007
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Location: Nairobi
mkonomtupu wrote:
I was looking thoroughly at their five year corporate strategic plan 2011/2012 to 2015/2016(i had posted the link sometime back) and looking at their distribution plans the 9b rights looks like will be spent in year, their funding needs are big if they are to improve on efficiency. In as much as they are improving access by bring more small customers their projected electricity sales in GWh will only double in five years to 10000 GWh.

I'm just adjusting my portfolio and placing capital in sectors i feel will achieve much faster growth. KPLC just didn't meet the cut it's now a spare wheel on my portfolio
This is just a discussion. Not critiquing your choice/decision. After all its your money not mine!

1) The 9bn was a 'downpayment' for additional loans + funding. Most lenders want to see 'skin' in the game.

2) Makes sense to use the 9bn first before you go borrow [the Rights cash is interest-free]

3) Erm, Kenya is not starting from a zero base so 2x growth is unit sales is very, very good! Most Kenyans who can AFFORD electricity have access to power. Note, as a shareholder I don't give a crap about the guy who uses 50 (subsidized) units!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkonomtupu
#34 Posted : Thursday, June 16, 2011 11:46:24 AM
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What doesn't make sense is the projects for the 9b just sufficient for establishment of a few substations, limited upgrading and pre-paid metering system. The real projects that will give it efficiency will need more funding which will come from borrowing mostly based on sovereign guarantee which was a requirement from the new IPPs. I would rather lend KPLC than be a shareholder
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2012
#35 Posted : Thursday, June 16, 2011 12:52:23 PM
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Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
No matter what anyone says, 21.25-21.75 is a buy. KPLC is a monopoly and the only way for this counter eventually is up.

But here's the reason why you should be buying into KPLC now, remember this statement by the MD during the AGM last year:

He informed shareholders that the company had embarked on an organisation culture change and corporate rebranding exercise aimed at enhancing its image, customer service and financial performance.
A consortium comprising of Ogilvy & Mather East Africa Ltd., McKinney Rogers Kenya Ltd. and SBO Research Kenya Ltd. was engaged by KPLC in October 2009 to assist the company to implement the culture change and rebranding project in a three-year period.

link here

BBI will solve it :)
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The Merchant
#36 Posted : Thursday, June 16, 2011 1:33:36 PM
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Posts: 846
Location: KENYA
Even WB would buy this one...a monopoly providing a crucial service. This trend of hiring consultants to enable the KCBs and KPLCs of this world to improve efficiency is a good move. WB would discourage it though. He hates consultants but he clearly has not seen how state companies are run here. The lesser of two evils if you ask me and ID rather the consultants. Like I said before Ill buy at anything below 22. Cash is becoming a BIG issue now since I can see KK is slipping too Sad
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VituVingiSana
#37 Posted : Thursday, June 16, 2011 2:38:59 PM
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mkonomtupu wrote:
What doesn't make sense is the projects for the 9b just sufficient for establishment of a few substations, limited upgrading and pre-paid metering system. The real projects that will give it efficiency will need more funding which will come from borrowing mostly based on sovereign guarantee which was a requirement from the new IPPs. I would rather lend KPLC than be a shareholder
Multi-lateral loans come with various conditions but tend to be cheaper than 'commercial' loans.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwenza
#38 Posted : Thursday, June 16, 2011 2:46:33 PM
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Joined: 4/22/2009
Posts: 2,863
mwenza wrote:
The KPLC interim dividend was to be paid on 31st May. Has anyone received theirs? Have not seen mine.


Dividend imelipwa? Ndio ama la???
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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The Merchant
#39 Posted : Thursday, June 16, 2011 3:13:18 PM
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@mwenza...not received mine.... Sad
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mwenza
#40 Posted : Thursday, June 16, 2011 3:18:51 PM
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Joined: 4/22/2009
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The Merchant wrote:
@mwenza...not received mine.... Sad


Thanx @Merchant....was getting worried since the payment date was supposed to be 31st May.

IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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