One needs a recession proof company in their portfolio in these uncertain years. KPLC in its current state will continue to announce positive profit growth until the day we die come recession or boom...
KPLC will also continue paying out a 48-52% of PAT to shareholders. That also guarantees dividend growth every year which I can sit on for years..

The tarriff review will be set to boost their ROA which assets have been growing.. This is the gem of the industrial sector..

@the deal he is no alarmist.. If greece defaults this month we will see a recession worse than the housing one.. The NSE will crumble before your veey eyes

Ive got only one word for you @sparkly
"CONTAGION"

greece defaulting might be quite nasty..especially for europe; and if europe sneezes, africa...

@deal - what do you mean alarmist... I'd rather you present facts than name calling...

http://www.investopedia.com/terms/r/recession.asp - by Q3 2011 the KE GDP growth figures and revisions downwards will say it all... Thus the recession.

Now since you come from Namibia if my memory is correct, the 2011 GDP estimate is 4.8% and public debt as a GDP ratio 2011 estimate is 24.6%. Quite impressive than the KE economy thus Namibia looks more bullish.

As @guru has stated, if Greece goes belly up or any of the PIIGS (which they will based on the available data), we will be faced with a global recession yet again due to the contagion. As a point of reference for you watch how the Namibian Dollar (NAD) handles the USDNAD level at 7.05 - 7.10. Above this zone will present a test of 7.40 - 7.50 levels and inflation will start to spike. If the Greece or PIIGS default is disorderly (likely) the USDNAD can shoot above 8.0 despite the US too facing a default!? (The dollar crunch). At those levels risky asset class in Namibia will not be the place to be... Also note that a number of big econs have already cut back their 2011 GDP estimates from Eurozone, US, Japan and Australia. As for the BRIC, their 2011 Q1 GDP estimate also missed estimates. Therefore, as long as both the major and emerging economies are contracting, frontier markets too will shrink. All this info is available on the internet. Since the China boom was what was sold as the recovery saviour, well this saviour is not working fine... This chinese chip together with those eurozone defaults will take us down. So prepare for this eventuality. If this event can be avoided (a miracle) then all markets will go back to their happy moods


http://www.forexpros.com...s/usd-nad-advanced-chart

On june 30th:
greece defaults + US fails to raise debt ceiling = financial armagedon

@youcant nothing is 100% certain..
So i'm 70% in cash until these issues are sorted out the 30% is in jubilee..

Of this 70% in cash 30% is in ausi dollars 30% in kenya shillings and 40% in bonds...

I bought uchumi @ 11 and sold @13.25 a week or so lata. Only a fool wouldnt sell their speculative plays faced with such a scenario as the current one in Europe & US..

@ The deal and Sparkly.
If Greece defaults, the rest of the world will be in a shit hole like never before and when this happens, the people of Greek would be pretty scared and will eventually start pulling all of their cash from banks and as a result, the government will implement a bank holiday, just the same way they did in America and as a result the banks will be nationalized. Now, for those who lent Greece money in Europe (as in the European banks), they will be affected by Greece since they are incurring nothing but a loss and as a result, there will be massive credit defaults, then banks all over the world refuse to lend credit to each other for they are fearing that it wouldn’t be honored unless they put up their assets as collateral. Now, in the U.S, since they are used to relying on short term debt, there will be major capital shortfalls since the European banks can’t/wouldn’t be able to produce the commercial paper. As for many other countries that have been burdened by debt, they may or might follow Greece in terms of defaulting. And it just continues getting worse because if these countries in Europe default, then the European Central Bank goes bankrupt. For those countries that are strong financially, any bailout they may hand out to Greece will be faced with stiff opposition because people are of the notion that Greece’s business is Greece’s business, so why should a country like France or Germany sort them out. Come back to America, Americans are used to spending, not saving and the news that Greece defaulted, no more commercial paper coming from European Central Bank will mean that they (Americans) will resort to saving their money more and more instead of spending it hence back to a recession even though they are not fully out of the woods yet. As of France and Germany, if they are forced to bail out Greece and other European countries that are about to default, then, there would no more free trade in that they will impose tariffs on imported goods and restrictive quotas from other foreign countries and we all know who will be affected: Asian economy. So, now we have the Americans hoarding their money will the some European countries become protectionist and that s when Asian economy especially that of China starts showing cracks on its walls. If Greece defaults, then the American congress won’t hesitate to raise the debt ceiling for government spending.
And that’s how Greece is so important in all of this charade.