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Kenya Power FY2017
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KaunganaDoDo
#131 Posted : Tuesday, September 18, 2018 2:23:40 PM
Rank: Member

Joined: 8/6/2018
Posts: 299
muandiwambeu wrote:
Ebenyo wrote:
[quote=Ericsson]2017 versus 2016
Profit before tax ksh.10.912bn vs 12.083bn
Profit After tax ksh.7.266bn vs 7.197bn
Dividend per share sh.0.5 vs 0.5
Cash and cash equivalents ksh.(1.15bn) vs 5.503bn
Book closure 30th November 2017
AGM on 1st December 2017
Dividend payment date 31st January 2018

http://www.businessdaily...8616-sbsgx6z/index.html[/quote]

A good history for the historians🤔🤔🤔🤔 those were good tyms
And now what is on the way coming is the story how transformation from good to bad badder and baddest is being written.
full year 2018 results due next month.

What I will expect to be well documented
How defaced transformers were accounted for.
How political elites took away the monthly standing charge and didn't give a compensatory mechanism to the earnings.
Hawa watu wa Kokoto supervision yao ni ngumu kushinda kazi, distraction of coarse.

For your information, the standing charges were highly inconvenient to KPLC. ...it was kplc request to remove them... customers connected on last mile on prepaid meter were not not vending regularly on monthly basis..so customers would accummulate standing charges for many months ... to a point where it becomes hard for the company to recover. And standing charges were just converted to Energy charge ( per kwh)... They weren't thrown away just like that
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Ebenyo
#132 Posted : Tuesday, September 18, 2018 4:06:04 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Two challenges were identified last year:
1.High costs of transmission
2.High finance costs
This year,it should be different.
Towards the goal of financial freedom
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Ericsson
#133 Posted : Tuesday, September 18, 2018 5:19:15 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Two challenges were identified last year:
1.High costs of transmission
2.High finance costs
This year,it should be different.


The results will be pathetic
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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limanika
#134 Posted : Tuesday, September 18, 2018 8:16:51 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
KaunganaDoDo wrote:
muandiwambeu wrote:
Ebenyo wrote:
[quote=Ericsson]2017 versus 2016
Profit before tax ksh.10.912bn vs 12.083bn
Profit After tax ksh.7.266bn vs 7.197bn
Dividend per share sh.0.5 vs 0.5
Cash and cash equivalents ksh.(1.15bn) vs 5.503bn
Book closure 30th November 2017
AGM on 1st December 2017
Dividend payment date 31st January 2018

http://www.businessdaily...8616-sbsgx6z/index.html[/quote]

A good history for the historians🤔🤔🤔🤔 those were good tyms
And now what is on the way coming is the story how transformation from good to bad badder and baddest is being written.
full year 2018 results due next month.

What I will expect to be well documented
How defaced transformers were accounted for.
How political elites took away the monthly standing charge and didn't give a compensatory mechanism to the earnings.
Hawa watu wa Kokoto supervision yao ni ngumu kushinda kazi, distraction of coarse.

For your information, the standing charges were highly inconvenient to KPLC. ...it was kplc request to remove them... customers connected on last mile on prepaid meter were not not vending regularly on monthly basis..so customers would accummulate standing charges for many months ... to a point where it becomes hard for the company to recover. And standing charges were just converted to Energy charge ( per kwh)... They weren't thrown away just like that

Why have they started sending estimated bills again? Surely they cant read meters even in urban areas with all this unemployment?
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  | | Edit by user: Tuesday, September 18, 2018 8:34 PM | Reason: Not specified
Ebenyo
#135 Posted : Wednesday, September 19, 2018 8:15:45 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
In the results due next month,my estimation is that the board will recommend a dividend of kshs 0.50 per share.This will purely be to help save the share price which is now kshs 4.65.
A scenerio where the board will not declare a dividend is the fall of the share price to below kshs 1.This wont augur well for a company with a revenue of kshs 120 billion and PAT of kshs 7 billion.
The dividend will shore the price to about 6-7 bob per share.
Towards the goal of financial freedom
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muandiwambeu
#136 Posted : Wednesday, September 19, 2018 10:05:26 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
KaunganaDoDo wrote:
obiero wrote:
muandiwambeu wrote:
Ebenyo wrote:
[quote=Ericsson]2017 versus 2016
Profit before tax ksh.10.912bn vs 12.083bn
Profit After tax ksh.7.266bn vs 7.197bn
Dividend per share sh.0.5 vs 0.5
Cash and cash equivalents ksh.(1.15bn) vs 5.503bn
Book closure 30th November 2017
AGM on 1st December 2017
Dividend payment date 31st January 2018

http://www.businessdaily...8616-sbsgx6z/index.html[/quote]

A good history for the historians🤔🤔🤔🤔 those were good tyms
And now what is on the way coming is the story how transformation from good to bad badder and baddest is being written.
full year 2018 results due next month.

What I will expect to be well documented
How defaced transformers were accounted for.
How political elites took away the monthly standing charge and didn't give a compensatory mechanism to the earnings.
Hawa watu wa Kokoto supervision yao ni ngumu kushinda kazi, distraction of coarse.

And now lawyer Apollo Mboya has won the case claiming a refund of KES 1.2B from KPLC in backdated erroneous meter readings



You really don't know what you are talking about. Just trying to mislead wazuans...The 1.2Billion has nothing to do with backdated erroneous meter reading. Bure Kabisa. Now listen, and listen carefully, Each month Kenya power bills customers a forex adjustment cost... depending on the prevailing exchange rate. The exchange rate is compared to the base exchange rate when the Tariffs were set. If the current exchange rate to the dollar and other basket of currencies is higher than the Base exchange rate( Case when shilling has been devalued)... The customers pay the difference in forex adjustment (And the opposite apply when the current exchange rate is lower than the base exchange rate, a case like the present when the current exchange rate is 101 to the dollar Compared to the base exchange rate of 103 to the dollar at the time of basing the current base tariff)...Due to this, the current Forex charge in your bills is around minus 1.3 shilling per KWH. When you multiply this minus 1.3 Shilling with the total monthly units consumed, you get around this 1.2 Billion that is in the presss. Now You Know

So,all what you said goes in against the meter readings. So Appollos client meter readings had nothing to do with base rate because it is the readings that were erroneous and subsequently applied to a factor that had nothing to do with the he case in court about 1.2bns meter reading errors. 🎀🎀 🕠☠️💀
The bottom line 1.2bijots are at stake here, and the likely to lose is kplsee. Do you have an explanation has to how to shield your darling from this disastrous turn of events?
,Behold, a sower went forth to sow;....
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  | | Edit by user: Wednesday, September 19, 2018 10:08 PM | Reason: Not specified
Ericsson
#137 Posted : Thursday, September 20, 2018 12:09:49 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
In the results due next month,my estimation is that the board will recommend a dividend of kshs 0.50 per share.This will purely be to help save the share price which is now kshs 4.65.
A scenerio where the board will not declare a dividend is the fall of the share price to below kshs 1.This wont augur well for a company with a revenue of kshs 120 billion and PAT of kshs 7 billion.
The dividend will shore the price to about 6-7 bob per share.


You will get ulcers by what will be announced
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#138 Posted : Thursday, September 20, 2018 10:56:46 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ebenyo wrote:
In the results due next month,my estimation is that the board will recommend a dividend of kshs 0.50 per share.This will purely be to help save the share price which is now kshs 4.65.
A scenerio where the board will not declare a dividend is the fall of the share price to below kshs 1.This wont augur well for a company with a revenue of kshs 120 billion and PAT of kshs 7 billion.
The dividend will shore the price to about 6-7 bob per share.


Dividend yield of 10.75 at current prices? Isn't that wishful thinking...
possunt quia posse videntur
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Ebenyo
#139 Posted : Thursday, September 20, 2018 11:00:53 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
maka wrote:
Ebenyo wrote:
In the results due next month,my estimation is that the board will recommend a dividend of kshs 0.50 per share.This will purely be to help save the share price which is now kshs 4.65.
A scenerio where the board will not declare a dividend is the fall of the share price to below kshs 1.This wont augur well for a company with a revenue of kshs 120 billion and PAT of kshs 7 billion.
The dividend will shore the price to about 6-7 bob per share.


Dividend yield of 10.75 at current prices? Isn't that wishful thinking...


19 managers plus current and fomer mds were charged in court.This must have some positive bearing in the results due.
Towards the goal of financial freedom
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Angelica _ann
#140 Posted : Thursday, September 20, 2018 1:15:23 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
@Ebenyo, please this company is dead. We are in pre-2002 manenos. If they loot NYS outright, think of what they are doing with these sophisticated companies? Remember most members of those Boards are GoK appointees representing interests of the powers that be and this is in Bill's docket. You remember CS almost crying at a press conference coz of the same court cases. I can assure you these buggers don't care about the common shareholder but what they can loot.
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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