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Kenya Power HY 2019
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Superprime1 wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate... we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl.  Damn, it's that bad!  Towards the goal of financial freedom
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Rank: Member Joined: 8/6/2018 Posts: 299
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Superprime1 wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate... we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl. Damn, it's that bad! Very bad. scamper into the darkness , abandon the house. This week before it ends, there will be blood in the compound, The Phantom figure has found bloody creatures. LEAVE THE COMPOUND NOW!SON, RUN!YOU WILL COME BACK LATER!
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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KaunganaDoDo wrote:Superprime1 wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate... we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl. Damn, it's that bad! Very bad. scamper into the darkness , abandon the house. This week before it ends, there will be blood in the compound, The Phantom figure has found bloody creatures. LEAVE THE COMPOUND NOW!SON, RUN!YOU WILL COME BACK LATER! The week ends tomorrow. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Kenya Power strikes Sh200m deal with suspended bosses Suspended Kenya Power managers have walked away with millions of shillings in “severance” pay to relinquish their positions at the electricity retailer. The move is meant to pave way for the recruitment of a substantive management team even as the court cases in which they face corruption charges continue. The managers, including former chief executive Ken Tarus, will walk away with a combined Sh200 million in what has been termed a mutual separation, with each pocketing between Sh15 million and Sh20 million. A Kenya Power insider said each of the managers walked away with between Sh15 million and Sh20 million. The interim team has been getting renewals of their terms every few months. In the deal, former chief executive Tarus will come off as a major winner, pocketing Sh20 million, according to sources. This would have been his salary for two years, having been paid Sh11 million in salary and allowances during his first year as chief executive between August 2017 and July 2018, when he was suspended following his arrest and arraignment in court. He had been on half-pay over the 2018/2019 financial year during which he remained suspended. https://www.standardmedi...ower-s-costly-separationWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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[quote=Ericsson] Kenya Power strikes Sh200m deal with suspended bosses Suspended Kenya Power managers have walked away with millions of shillings in “severance” pay to relinquish their positions at the electricity retailer. The move is meant to pave way for the recruitment of a substantive management team even as the court cases in which they face corruption charges continue. The managers, including former chief executive Ken Tarus, will walk away with a combined Sh200 million in what has been termed a mutual separation, with each pocketing between Sh15 million and Sh20 million. A Kenya Power insider said each of the managers walked away with between Sh15 million and Sh20 million. The interim team has been getting renewals of their terms every few months. In the deal, former chief executive Tarus will come off as a major winner, pocketing Sh20 million, according to sources. This would have been his salary for two years, having been paid Sh11 million in salary and allowances during his first year as chief executive between August 2017 and July 2018, when he was suspended following his arrest and arraignment in court. He had been on half-pay over the 2018/2019 financial year during which he remained suspended. https://www.standardmedi...wer-s-costly-separation[/quote] Wow we definitely not getting any dividends any time soon.
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Rank: Member Joined: 8/6/2018 Posts: 299
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KaunganaDoDo wrote:Superprime1 wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate... we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl. Damn, it's that bad! Very bad. scamper into the darkness , abandon the house. This week before it ends, there will be blood in the compound, The Phantom figure has found bloody creatures. LEAVE THE COMPOUND NOW!SON, RUN!YOU WILL COME BACK LATER! BOOM! KPLC ISSUES A PROFIT WARNING TODAY.
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Rank: Member Joined: 5/2/2018 Posts: 267
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KaunganaDoDo wrote:KaunganaDoDo wrote:Superprime1 wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate... we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl. Damn, it's that bad! Very bad. scamper into the darkness , abandon the house. This week before it ends, there will be blood in the compound, The Phantom figure has found bloody creatures. LEAVE THE COMPOUND NOW!SON, RUN!YOU WILL COME BACK LATER! BOOM! KPLC ISSUES A PROFIT WARNING TODAY. This thing should now trade at below 1 bob to join the other monkeys. @KaunganaDodo you were on point, again!
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Niuze holding niingonje pale chini, what's the long term picture ama we are looking at a future monkey. To Each His Own
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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kayhara wrote:Niuze holding niingonje pale chini, what's the long term picture ama we are looking at a future monkey. Run for your dear life brother and don't look back like Lot's wife lest you turn into a mound of salt. This one is headed the KQ way. I have sold my holdings today (abp ksh. 3.96, sell price 3.20). Trust me, having been burnt to recognition not once, not twice...a couple of times, i know what i am talking about. Next year the balance sheet will be on negative equity and next year part one KPLC will be on its death bed having financed Jubilee kumi tena campaigns for 2022. Just observe KPLC operations(staff included) in your locality and decide whether this is a company you are proud to own. Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 8/6/2018 Posts: 299
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Fyatu wrote:kayhara wrote:Niuze holding niingonje pale chini, what's the long term picture ama we are looking at a future monkey. Run for your dear life brother and don't look back like Lot's wife lest you turn into a mound of salt. This one is headed the KQ way. I have sold my holdings today (abp ksh. 3.96, sell price 3.20). Trust me, having been burnt to recognition not once, not twice...a couple of times, i know what i am talking about. Next year the balance sheet will be on negative equity and next year part one KPLC will be on its death bed having financed Jubilee kumi tena campaigns for 2022. Just observe KPLC operations(staff included) in your locality and decide whether this is a company you are proud to own. I dont think KPLC will slide into negative equity soon....Although they will continue having negative working capital . Refinancing of their short term loans into long term is ongoing. Much of the gist is obsolesce Inventories and write-off of government receivables. There is a possibility they can make a Loss when they announce their numbers later in October . if this holds, its primarily due to write off of these receivables from Government(The cost incurred by KPLC in operating and maintaining Rural Electrification schemes (last mile) distribution network owned by REA...this cost is normally Government billed...currently accumulated to over Ksh 18B...
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