KP is a good stock,but concerns linger since KP is a parastatal where corrupt "vultures" in the name of politicians have big say.....

If one ever wanted KPLC in their portfolio, this would be the time to buy.

It has been beaten down by the market, it is at the same levels as it was during the bear that has seen several stocks appreciate >50%.
No one can tell for sure how low it will go, but i think its the right time to buy, not much downside expected assuming no major adverse events.

You bring a good point. If there was such a reason, only top management and sources privy to them would know.
Could it be the fact it is a parastatal and this is an election year?
Could it be the fact that Mr Market is irrational as he most frequently is? Im hoping so.
It might well be the new dividend policy, small dividends and a bonus?
Assuming no ill wind is sweeping through the company(we have no evidence to suspect this), KPLC is undervalued.

Just seen that foreign participation on this counter has been low from may.Gleaning the columes,you will discover that most of the volumes bought and sold are small and from local small scalers.
Dont have time to put this in graphical but see the volumes as below;Supply is always twice the demand.I am waiting for 13.80 or 13.5

Demand Supply
291,000 625,600 10 May
178,500 224,900 11 May
65,500 321,200 12 May
214,800 249,300 13 May
1,597,100 1,743,000 17 May
470,200 646,400 18 May
237,800 334,900 21 May
350,100 129,400 23 May
1,027,100 1,041,400 24 May
359,900 607,400 25 May
535,300 943,400 30 May
496,400 845,800 31 May
270,100 766,900 4 May
283,800 795,100 5 May
129,700 757,600 6 May
116,000 622,000 Today 10.00

@Metaspoilt. I believe there has been silent accumulation in this counter.
I say this because of the trades occurring between 13.85-14.50. You will notice that the heavy supply "hangs" high and is rarely ever heavy near where the demand , there seems to be hidden demand that sweeps supply even when it looks like theres no demand. And large trades occur with the supply never really coming down to meet the demand. Meaning its being mopped up faster than it can come down/or when it comes down. Akin to something we saw with kenolkobil at 9.00 though less marked and not as obvious. I believe this 13.80-14.00 is the support. should it fall further a new pattern may emerge.
but from 14-16. this share is still a bargain.

@Aguytrying et al, what do you see as the corporate action come year end. Last year they stunned by giving a miniature final dividend of KES 0.10 and controversial 1:8 bonus

Oh and a paltry dividend of course. but they may up it from 0.10 of last year to reduce the shame. ha ha. Maybe its why they reduced the interim to 0.20(from 0.35)

KP should be trading in the 20s. Sooner or later, the stock will start rising even without foreign investors supporting the stock. Remember, there was a time few foreigners were participating in ARM.

This will take a bit of time. Unbundling started with generation and up to now we have very few players.

@mwekezaji. Kp is not a buy because of dividend. Its because it is grossly undervalued. P/e below 6. Ur right about the bonus issue weighing down on the stock price esp because the bonus yield is almost equal to annual profit growth. A cancelling effect in the end. But share still undervalued and with dilution of eps comes more shares. So a less marked rise in pe in future still gives adequate returns.