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KenGen HY 2019
Superprime1
#1 Posted : Thursday, February 21, 2019 7:44:11 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
Net profit flat at Sh4.12bn (0.5% up)

Total revenue flat at Sh18.04bn (0.3% up)
Operating profit down 4.4% to Sh7.12bn
PBT down 1% to Sh6.02bn
Ericsson
#2 Posted : Friday, February 22, 2019 9:20:06 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Cash flow improved from ksh.701mn in December 31 2017 to 8.763bn in 31 December 2018
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
muandiwambeu
#3 Posted : Friday, February 22, 2019 9:28:23 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Ericsson wrote:
Cash flow improved from ksh.701mn in December 31 2017 to 8.763bn in 31 December 2018

Vague statement.
Say, you met cash position. Is it out of increased debt or sale of assets, since its not from improved profitability. Probably, the management is idle sitting cash that's not generating any benefits for the investors and that's is evident from lack of growth in all the company's bottom lines.
The management has run out of ideas, so I may say.
,Behold, a sower went forth to sow;....
Ericsson
#4 Posted : Friday, February 22, 2019 9:42:33 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
muandiwambeu wrote:
Ericsson wrote:
Cash flow improved from ksh.701mn in December 31 2017 to 8.763bn in 31 December 2018

Vague statement.
Say, you met cash position. Is it out of increased debt or sale of assets, since its not from improved profitability. Probably, the management is idle sitting cash that's not generating any benefits for the investors and that's is evident from lack of growth in all the company's bottom lines.
The management has run out of ideas, so I may say.


Boss don't oppose before knowing the reason.
Remember kenya power said they paid kengen their debt.That is cash
Improved cash flow doesn't necessary mean growth in profit.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#5 Posted : Friday, February 22, 2019 10:51:31 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
https://pbs.twimg.com/me...8DXM8XcAE0Qsn.jpg:large

Net cash generated from operating activities increased from ksh.1.337bn to ksh.24.568bn

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Horton
#6 Posted : Friday, February 22, 2019 10:54:22 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
https://pbs.twimg.com/media/Dz8DXM8XcAE0Qsn.jpg:large

Net cash generated from operating activities increased from ksh.1.337bn to ksh.24.568bn




Hmmm wonder what happened there?
Ericsson
#7 Posted : Friday, February 22, 2019 10:59:26 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Horton wrote:
Ericsson wrote:
https://pbs.twimg.com/media/Dz8DXM8XcAE0Qsn.jpg:large

Net cash generated from operating activities increased from ksh.1.337bn to ksh.24.568bn




Hmmm wonder what happened there?


Kenya power repaid the debt it owed kengen.

"Kenya Power has cleared 85 per cent of all debt it owes the Kenya Electricity Generating (KenGen) Company.

According to KenGen, Kenya Power cleared the arrears which amounts to Ksh.18.57 billion, between July and October 2018.

“We are glad to report that, though trade receivables from Kenya Power stood at Sh21.88 billion as at 30 June 2018, at the time of releasing the results (post balance sheet), Sh18.57 billion had been received,” KenGen Managing Director Rebecca Miano said in at a briefing on Friday."

Link;http://news.callapr.co.ke/kenya-power-clears-85-per-cent-of-debt-owed-to-kengen/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#8 Posted : Friday, February 22, 2019 12:10:18 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
https://pbs.twimg.com/me..._NvajWsAAIwS4.jpg:large

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
murchr
#9 Posted : Monday, February 25, 2019 5:29:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#10 Posted : Tuesday, February 26, 2019 7:43:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
murchr wrote:


Good diversification strategy considering HY results were flat both in terms of revenue and profitability
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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