Sold this lemon shortly after I munched the January dividend, having held on to it for over 4 years. The problem with these government utilities is that they get lazy and complacent, borrow to the eyeballs knowing the economy needs them and bailouts will always be there, and they are victims of mass theft; of electricity, of transformers etc. So estimating their future value is like trying to hold liver in the palm.

What was your average buy price?

I took a slight hit so my cost basis was definitely slightly higher than the current price, even after accounting for dividends munched.

are you sure your link is not dead on it's my sides problem?

According to the audited results FY ending 30th June 2017,kenya power net asset value per share was kshs 35.90 against the current share price of ksh 8.00.
This means if kenya power is dissolved today,each shareholder will be paid kshs 35.90 per share.

Hidden in all the accounting mumbo jumbo is the fact that Kenya Power spent a lot of money rolling out street lights in major towns and connecting consumers for #GoKDelivers election campaigns and they have not been paid. A part of Eurobond 2 will be given to Kenya Power to correct it's accounts and full year results will be looking better.

Where is the prospectus of Eurobond 2

Talk of the challenge of finding undervalued stocks in Nse!

With a P.E. of 2.62, EPS of 3.07 and Dividend yield of 6.21%, return on equity of 11.53 % vs industry 8%, and a Gross margin 0f 27%, i believe Kenya power is undervalued. Indeed based on the NAV of 35.90 buying today is like paying 20 cents for one dollar. Furthermore, assuming they will pay a conservative 4% dividend every year, you stand a chance retiring very comfortably courtesy of KP

Problem is generation capacity is growing at a much faster pace than electricity sales... Sales to industries shrank by 1% in HY2018 .Kenyan economy must be doing badly or industries are turning to alternatives due to Kenya Power incompetence... Soon this company will find itself in a huge liquidity crisis unless GoK injects money into it... Already in HY2018 they took a huge overdraft facility to starve off a liquidity crisis...