DBLyon wrote:mthaka wrote: we are now at 14.50
I've noticed that some stocks rise steadily under the radar...like what KPLC is doing now. The price rises daily but not enough to make the day's top 5 gainers, and so hardly anyone notices the ascent. And when it has doubled everyone wonders what happened. I hope that is the case with this stock.
The Financial Year for KPLC ended over a month ago. The possibility of some insiders being privy to these results cannot be discounted.
Also, the US African leaders meeting currently going on is heavy on electricity provision/energy investment with Kenya one of the six targeted African countries.
KPLC is still highly under priced especially with the Jubilee Govt target of increasing the installed capacity for electricity generation by 5538MW in the next 3 years. All this electricity will be distributed by KPLC.
By the end of this year, the share should be trading above Ksh 20.
Happy Hunting.