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Kenya Power - what's the latest?
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Angelica _ann
#481 Posted : Thursday, March 15, 2018 5:25:05 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
@Fyatu
The problem with kenya power is poor management and a reputation for poor fundamental economics.
What I fear is going to happen to KenRe... but back to KPLC. It has been bled dry by the group aligned with Godfather #1


Filling the negative sh.7.7bn cash flow hole will be a tall order.
Add to that the amount they owe Kengen.


Someone said Gok is waiting for eurobond 2 cash and will give some to kplc.They didnt pay for street lighting program which was a campaign propaganda.


Priorities change especially for GoK, ..... smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#482 Posted : Friday, March 16, 2018 10:00:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...42968-gy5tqe/index.html

Measures being taken to improve on the cashflow
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#483 Posted : Saturday, March 17, 2018 2:10:51 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
@Fyatu
The problem with kenya power is poor management and a reputation for poor fundamental economics.
What I fear is going to happen to KenRe... but back to KPLC. It has been bled dry by the group aligned with Godfather #1


Filling the negative sh.7.7bn cash flow hole will be a tall order.
Add to that the amount they owe Kengen.


Someone said Gok is waiting for eurobond 2 cash and will give some to kplc.They didnt pay for street lighting program which was a campaign propaganda.


Priorities change especially for GoK, ..... smile smile smile

Street lighting program GOK can offset with the amount of money kplc owes GOK
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mkate_nusu
#484 Posted : Friday, March 30, 2018 2:36:03 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Poor management, politics. Killing this company.
#considering exiting n starting a rival power distributor
KEGN, KPLC, KQ, SCOM
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VituVingiSana
#485 Posted : Saturday, July 14, 2018 6:08:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Stiffler
#486 Posted : Sunday, July 15, 2018 9:25:26 AM
Rank: Member

Joined: 11/7/2017
Posts: 186
Location: Nairobi
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!
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obiero
#487 Posted : Sunday, July 15, 2018 9:35:19 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Stiffler wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!

I think I need anticipatory bail

KQ ABP 4.26
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xxxxx
#488 Posted : Sunday, July 15, 2018 12:20:09 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
obiero wrote:
Stiffler wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!

I think I need anticipatory bail


I hope u can see the investment opportunity.. Sasa KPLC's PE was like 2 or 3 before this saga....Very soon it will be between 0 and 1.
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VituVingiSana
#489 Posted : Sunday, July 15, 2018 12:26:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
xxxxx wrote:
obiero wrote:
Stiffler wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!

I think I need anticipatory bail

I hope u can see the investment opportunity.. Sasa KPLC's PE was like 2 or 3 before this saga....Very soon it will be between 0 and 1.
Though it may need to write down assets e.g. crappy transformers, over-priced poles, pay for lawsuits, reduce customer billing, etc that will hurt the EPS and NAV.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#490 Posted : Monday, July 16, 2018 3:44:45 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


This is a very good clean up exercise.A stern warning to future thieves.
Towards the goal of financial freedom
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