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Kenya Power HY 2019
Rank: Member Joined: 8/6/2018 Posts: 299
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VituVingiSana wrote:KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:wukan wrote:The tariff hike has once again been rejected. Stay away from GoK controlled firms and set up a helpline to talk you down anytime you feel like investing in one.  Quote:Energy Secretary Charles Keter has rejected Kenya Power’s bid to increase electricity tariffs, a move than now offers relief to consumers but deals a blow to the utility company that was betting on new prices to reverse profit drops. The firm has hinged the recovery of its earnings on the new tariffs after issuing a profit warning for the second year in a row. “We will not increase any tariff, what we are going to do is to work on methods of mitigating that, but as you are aware we have new, cheaper power plants like Turkana wind,” Mr Keter said. “A company can issue profit warning depending on its financial position. As a government we are okay with it (profit warning),” he said. https://www.businessdail...88002-ojoo1z/index.html
Actually the tariff review hasn't been declined....its an ongoing process that will result in either tariff adjustment upward for certain customer category or direct transfer of resources from National treasury to kplc The latter is interesting. How does it work? The expected tariff jump was as a result of increased power purchase costs expected...Olkaria V will need 10B in new revenues per year, ethiopia almost similar amount....not to add many new solars projects...ANYWAY, the government letter of support given to generation firms gives a leeway of GOK payment to generation firms incase kplc is unable to pay due to lack of revenue provision in the tariff....like the Government paid 7B to lake turkana wind power So if it only kicks in if and when KPLC defaults, how does it benefit KPLC shareholders? Was the payment of 7bn to LTWP made by GoK on behalf of KPLC or KETRACO? How could KPLC off-take power when the T-line was not ready/connected? It means the Government will, instead of having the additional Power purchase costs in tariffs, pay them directly from national treasury....KPLC will not be obligated to pay the power purchase costs ....just like the government has been considering to pay off the thermal generators, from the exchequer ....the payment was sent by government to kplc to pay LTWP....its KPLC that received the money and paid LTWP...
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:wukan wrote:The tariff hike has once again been rejected. Stay away from GoK controlled firms and set up a helpline to talk you down anytime you feel like investing in one. Quote:Energy Secretary Charles Keter has rejected Kenya Power’s bid to increase electricity tariffs, a move than now offers relief to consumers but deals a blow to the utility company that was betting on new prices to reverse profit drops. The firm has hinged the recovery of its earnings on the new tariffs after issuing a profit warning for the second year in a row. “We will not increase any tariff, what we are going to do is to work on methods of mitigating that, but as you are aware we have new, cheaper power plants like Turkana wind,” Mr Keter said. “A company can issue profit warning depending on its financial position. As a government we are okay with it (profit warning),” he said. https://www.businessdail...88002-ojoo1z/index.html
Actually the tariff review hasn't been declined....its an ongoing process that will result in either tariff adjustment upward for certain customer category or direct transfer of resources from National treasury to kplc The latter is interesting. How does it work? The expected tariff jump was as a result of increased power purchase costs expected...Olkaria V will need 10B in new revenues per year, ethiopia almost similar amount....not to add many new solars projects...ANYWAY, the government letter of support given to generation firms gives a leeway of GOK payment to generation firms incase kplc is unable to pay due to lack of revenue provision in the tariff....like the Government paid 7B to lake turkana wind power So if it only kicks in if and when KPLC defaults, how does it benefit KPLC shareholders? Was the payment of 7bn to LTWP made by GoK on behalf of KPLC or KETRACO? How could KPLC off-take power when the T-line was not ready/connected? It means the Government will, instead of having the additional Power purchase costs in tariffs, pay them directly from national treasury....KPLC will not be obligated to pay the power purchase costs ....just like the government has been considering to pay off the thermal generators, from the exchequer ....the payment was sent by government to kplc to pay LTWP....its KPLC that received the money and paid LTWP... Are you suggesting that there is a chance that this monkey might bounce back and start paying dividends? Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:wukan wrote:The tariff hike has once again been rejected. Stay away from GoK controlled firms and set up a helpline to talk you down anytime you feel like investing in one. Quote:Energy Secretary Charles Keter has rejected Kenya Power’s bid to increase electricity tariffs, a move than now offers relief to consumers but deals a blow to the utility company that was betting on new prices to reverse profit drops. The firm has hinged the recovery of its earnings on the new tariffs after issuing a profit warning for the second year in a row. “We will not increase any tariff, what we are going to do is to work on methods of mitigating that, but as you are aware we have new, cheaper power plants like Turkana wind,” Mr Keter said. “A company can issue profit warning depending on its financial position. As a government we are okay with it (profit warning),” he said. https://www.businessdail...88002-ojoo1z/index.html
Actually the tariff review hasn't been declined....its an ongoing process that will result in either tariff adjustment upward for certain customer category or direct transfer of resources from National treasury to kplc The latter is interesting. How does it work? The expected tariff jump was as a result of increased power purchase costs expected...Olkaria V will need 10B in new revenues per year, ethiopia almost similar amount....not to add many new solars projects...ANYWAY, the government letter of support given to generation firms gives a leeway of GOK payment to generation firms incase kplc is unable to pay due to lack of revenue provision in the tariff....like the Government paid 7B to lake turkana wind power So if it only kicks in if and when KPLC defaults, how does it benefit KPLC shareholders? Was the payment of 7bn to LTWP made by GoK on behalf of KPLC or KETRACO? How could KPLC off-take power when the T-line was not ready/connected? It means the Government will, instead of having the additional Power purchase costs in tariffs, pay them directly from national treasury....KPLC will not be obligated to pay the power purchase costs ....just like the government has been considering to pay off the thermal generators, from the exchequer ....the payment was sent by government to kplc to pay LTWP....its KPLC that received the money and paid LTWP... Did KPLC get to keep any of it? Was it just a pass-through since KETRACO didn't connect the T-Line on time? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Stock setting new low daily (Sh2.80 currently today). Looks like the post results shock could take it further into 2 bob but sub-2 would require a major price dislodgment event.
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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Kenya Power is going to report a loss as they clean their books. But next year they will be back to profitability. After the announcement, there will be so much blood on the street and it will definitely be a time to buy. Things are improving at Kenya Power but the coming results must take a major hit!!! Waiting for the blood... Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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MaichBlack wrote:Kenya Power is going to report a loss as they clean their books. But next year they will be back to profitability.
After the announcement, there will be so much blood on the street and it will definitely be a time to buy. Things are improving at Kenya Power but the coming results must take a major hit!!!
Waiting for the blood... I hope it's so bad it goes sub 2 shillings.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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MaichBlack wrote:Kenya Power is going to report a loss as they clean their books. But next year they will be back to profitability.
After the announcement, there will be so much blood on the street and it will definitely be a time to buy. Things are improving at Kenya Power but the coming results must take a major hit!!!
Waiting for the blood... separate boys from men. Towards the goal of financial freedom
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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When is Mr. Profit Warning's appointment going to be confirmed?
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. Towards the goal of financial freedom
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. Bad news always released after close of business last working day before a long weekend....so i am guessing on Friday 18th October.
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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kawi254 wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. Bad news always released after close of business last working day before a long weekend....so i am guessing on Friday 18th October. Lol, so his appointment is bad news?
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi...
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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KaunganaDoDo wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi... Thanks. While on the stakeholders relations front Mr. Profit Warning's performance has been remarkable, the operational front remains a mess, perhaps worsened. Therefore an alternative appointment may not be as unfortunate an announcement as some may feel.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KaunganaDoDo wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi... Radi itaonekana this coming week,friday will be the beginning of a long weekend Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ericsson wrote:KaunganaDoDo wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi... Radi itaonekana this coming week,friday will be the beginning of a long weekend Radi Inaonekana....Just like St Pauls tells Romans...."You know what sort of times we live in,and so you should live properly. Its time to wake up. You know that the day when we will be saved is nearer now than when we first put our faith in the lord. Night is almost over ,and day will soon appear"...It will be a long night...the groom will come at night when the brides are asleep. Lucky is she who will be awake....
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi... Radi itaonekana this coming week,friday will be the beginning of a long weekend Radi Inaonekana....Just like St Pauls tells Romans...."You know what sort of times we live in,and so you should live properly. Its time to wake up. You know that the day when we will be saved is nearer now than when we first put our faith in the lord. Night is almost over ,and day will soon appear"...It will be a long night...the groom will come at night when the brides are asleep. Lucky is she who will be awake.... Ideally, lightning doesn't strike twice in the same place. KPHELLC investors have been struck over & over again. To think that utilities are usually defensive stocks...
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Rank: Member Joined: 8/6/2018 Posts: 299
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KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi... Radi itaonekana this coming week,friday will be the beginning of a long weekend Radi Inaonekana....Just like St Pauls tells Romans...."You know what sort of times we live in,and so you should live properly. Its time to wake up. You know that the day when we will be saved is nearer now than when we first put our faith in the lord. Night is almost over ,and day will soon appear"...It will be a long night...the groom will come at night when the brides are asleep. Lucky is she who will be awake.... The groom will be coming tomorrow, Tuesday 29th to take the bride. The bride is not virgin, the groom doesn't mind, doesn't have time to check...Behold, ladies and Gentlemen, a new CEO
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KaunganaDoDo wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi... Radi itaonekana this coming week,friday will be the beginning of a long weekend Radi Inaonekana....Just like St Pauls tells Romans...."You know what sort of times we live in,and so you should live properly. Its time to wake up. You know that the day when we will be saved is nearer now than when we first put our faith in the lord. Night is almost over ,and day will soon appear"...It will be a long night...the groom will come at night when the brides are asleep. Lucky is she who will be awake.... The groom will be coming tomorrow, Tuesday 29th to take the bride. The bride is not virgin, the groom doesn't mind, doesn't have time to check...Behold, ladies and Gentlemen, a new CEO Bernard Ngugi Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Ericsson wrote:KaunganaDoDo wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Ebenyo wrote:Extraterrestrial wrote:When is Mr. Profit Warning's appointment going to be confirmed? @kaunganadodo is best placed to inform us. This October should be plus the numbers...though this confirmation is not a sure bet...There could be baptism...Kenya Power & Lighting is becoming Kenya Power & Lightening...Hii ni Radi... Radi itaonekana this coming week,friday will be the beginning of a long weekend Radi Inaonekana....Just like St Pauls tells Romans...."You know what sort of times we live in,and so you should live properly. Its time to wake up. You know that the day when we will be saved is nearer now than when we first put our faith in the lord. Night is almost over ,and day will soon appear"...It will be a long night...the groom will come at night when the brides are asleep. Lucky is she who will be awake.... The groom will be coming tomorrow, Tuesday 29th to take the bride. The bride is not virgin, the groom doesn't mind, doesn't have time to check...Behold, ladies and Gentlemen, a new CEO Bernard Ngugi Is that 👇🏼 him? https://kplc.co.ke/img/f.../fi5rjgw4MYDw_ngugi.jpg
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