guru267 wrote:Aguytrying wrote:Hi wazuans. Could anyone please tell me any reason why Kenya power should not be trading at 7.00-8.00.
This may sound out rageous but hear me out.
Eps now stands at 1.17.
@Aguytrying you never fail to amuse..
The 1.17 EPS is
"HALF YEAR"..
Full year EPS likely to be 2.34 giving a forward P/E of 5.9 and thus making it cheaper than kengen by your standards..
I've gone through the H1 2012 results.
extract:
2011 2010
earnings per ordinary share 1.17 2.20
Diluted earnings per ordinary
share 1.17 1.02.
Does this mean that as at 31st dec 2010 kplc was trading at an EPS of 2.20? And if so the EPS of 1.17 for 31.12.2011 is half that amount.
That's a massive dulution.
Could it be due to increase of authorised share capital by 690 million to 2.6 million.
The investor's chief problem - and even his worst enemy - is likely to be himself