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KPLC & KENGEN SHARP RISE I
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young
#1 Posted : Friday, June 27, 2025 10:16:40 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,046
Location: Lagos, Nigeria
Any reason, anyone?

A bit suprising because there
no fresh news in public domain.
Their full year earnings report expected
many months away in late oct.

At this pace KPLC at 19 and Kengen at 11 bob seems a reality.

Many years ago (2003/2004) I have witnessed KPLC rise from 13 bob to 150 bob
in the same year !!! KENGEN was not listed then.

Maybe history wants to repeats itself this year in a "small" way.

KPLC HY was however steller. 31 times higher than previous year.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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ngapat
#2 Posted : Friday, June 27, 2025 11:33:10 AM
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Joined: 12/11/2006
Posts: 893
Just sold kplc at 11 hoping to re enter again at below 9
“Invest in yourself. Your career is the engine of your wealth.”
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Kusadikika
#3 Posted : Friday, June 27, 2025 11:37:49 AM
Rank: Elder


Joined: 7/22/2008
Posts: 2,716
Those low single digit P/Es were not going to last too long. The two are still cheap no matter how you look at it. They generate good cash and with the 80 percent demanded by GOK as dividends are extremely well priced as dividend stocks. I also think they are prime candidates for further government exits especially now that GOK needs the money and does not want to raise taxes.
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McGill
#4 Posted : Friday, June 27, 2025 1:00:09 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 95
Kusadikika wrote:
Those low single digit P/Es were not going to last too long. The two are still cheap no matter how you look at it. They generate good cash and with the 80 percent demanded by GOK as dividends are extremely well priced as dividend stocks. I also think they are prime candidates for further government exits especially now that GOK needs the money and does not want to raise taxes.


KPLC is particularly cheap on a P/E basis. Both trailing and forward
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mlennyma
#5 Posted : Friday, June 27, 2025 1:47:07 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
Kusadikika wrote:
Those low single digit P/Es were not going to last too long. The two are still cheap no matter how you look at it. They generate good cash and with the 80 percent demanded by GOK as dividends are extremely well priced as dividend stocks. I also think they are prime candidates for further government exits especially now that GOK needs the money and does not want to raise taxes.


What do you mean by government exits? Government owns 50.1% stake in Kenya power...they can't dare sell more to become minority in such an important sector
"Don't let the fear of losing be greater than the excitement of winning."
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Kusadikika
#6 Posted : Friday, June 27, 2025 3:46:18 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,716
mlennyma wrote:
Kusadikika wrote:
Those low single digit P/Es were not going to last too long. The two are still cheap no matter how you look at it. They generate good cash and with the 80 percent demanded by GOK as dividends are extremely well priced as dividend stocks. I also think they are prime candidates for further government exits especially now that GOK needs the money and does not want to raise taxes.


What do you mean by government exits? Government owns 50.1% stake in Kenya power...they can't dare sell more to become minority in such an important sector


They did with Safaricom, Kenya's most successful company. Why can't that be replicated with other companies?
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young
#7 Posted : Friday, June 27, 2025 4:32:52 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,046
Location: Lagos, Nigeria
Kusadikika wrote:
mlennyma wrote:
Kusadikika wrote:
Those low single digit P/Es were not going to last too long. The two are still cheap no matter how you look at it. They generate good cash and with the 80 percent demanded by GOK as dividends are extremely well priced as dividend stocks. I also think they are prime candidates for further government exits especially now that GOK needs the money and does not want to raise taxes.


What do you mean by government exits? Government owns 50.1% stake in Kenya power...they can't dare sell more to become minority in such an important sector


They did with Safaricom, Kenya's most successful company. Why can't that be replicated with other companies?



For KPLC a little as 10% will reduce GOK holdings to 41% , may still be majority shareholder. This will fetch GOK 2.2 billion ksh
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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mlennyma
#8 Posted : Friday, June 27, 2025 5:16:34 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
young wrote:
Kusadikika wrote:
mlennyma wrote:
Kusadikika wrote:
Those low single digit P/Es were not going to last too long. The two are still cheap no matter how you look at it. They generate good cash and with the 80 percent demanded by GOK as dividends are extremely well priced as dividend stocks. I also think they are prime candidates for further government exits especially now that GOK needs the money and does not want to raise taxes.


What do you mean by government exits? Government owns 50.1% stake in Kenya power...they can't dare sell more to become minority in such an important sector


They did with Safaricom, Kenya's most successful company. Why can't that be replicated with other companies?



For KPLC a little as 10% will reduce GOK holdings
to 41% , may still be majority shareholder. This will fetch GOK 2.2 billion ksh


Research well the consequences of falling below 50% by the government
"Don't let the fear of losing be greater than the excitement of winning."
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