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Kenya Power - what's the latest?
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murchr
#171 Posted : Wednesday, November 13, 2013 4:04:12 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Another reason i dont touch this stock.....
Kenya Power hit as unpaid electricity bills rise to Sh9bn

Quote:
Electricity distributor Kenya Power saw customer defaults rise to Sh9.1 billion in the year to June, piling pressure on the company’s finances in a period its profit fell by a quarter.

The rising bad debts come in a year Kenya Power saw its profits drop 24.7 per cent to Sh6.4 billion, a performance that saw the firm fail to pay a dividend for the first time since 2004 as high finance costs left it with a negative cash position.


A company in need of a serious management overhaul, very disappointing Sad
"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
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  | | Edit by user: Wednesday, November 13, 2013 4:06 AM | Reason: Not specified
faa
#172 Posted : Wednesday, November 13, 2013 9:08:36 AM
Rank: Member

Joined: 5/8/2007
Posts: 709
this stock wont go below the current price of 14-15 bob.

once chirchir gets sense in his head and appoints an able CEO,the kenya power will sky rockets to where it were before.

a must buy now
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2012
#173 Posted : Thursday, December 05, 2013 10:31:01 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Shouldn't the new MD have been appointed by now???
This ship has been floating aimlessly for too long now.

BBI will solve it :)
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faa
#174 Posted : Thursday, December 05, 2013 2:34:16 PM
Rank: Member

Joined: 5/8/2007
Posts: 709
thats true, makes one wonder how goverment operates.

KP needs an able CEO more than ever
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2012
#175 Posted : Thursday, December 05, 2013 5:18:11 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mwenza wrote:
Looks like I will never get the dividend cheque this year. Anybody in the same boat?
Could somebody please give me the contacts for their registrar?


There was zero dividend this year. The acting MD is not empowered to issue dividends.

BBI will solve it :)
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Adnan
#176 Posted : Friday, December 06, 2013 11:21:10 AM
Rank: Member

Joined: 10/20/2013
Posts: 155
faa wrote:
this stock wont go below the current price of 14-15 bob.

once chirchir gets sense in his head and appoints an able CEO,the kenya power will sky rockets to where it were before.

a must buy now



How will the able CEO operate when DPORK wont allow for tariff review?
MY NAME IS ADNAN JANUZAJ
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the deal
#177 Posted : Friday, December 06, 2013 12:22:33 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Kenya Power will come good...its a bargain at the moment.
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Ericsson
#178 Posted : Friday, December 06, 2013 2:06:15 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@2012 if the following statement "There was zero dividend this year. The acting MD is not empowered to issue dividends" is true then why did KENGEN issue yet they also have an acting MD
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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Adnan
#179 Posted : Friday, December 06, 2013 2:53:50 PM
Rank: Member

Joined: 10/20/2013
Posts: 155
Ericsson wrote:
@2012 if the following statement "There was zero dividend this year. The acting MD is not empowered to issue dividends" is true then why did KENGEN issue yet they also have an acting MD



Lack of dividend was simply because KPLC IS BROKE.
MY NAME IS ADNAN JANUZAJ
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King G
#180 Posted : Friday, December 06, 2013 6:05:06 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Adnan wrote:
Ericsson wrote:
@2012 if the following statement "There was zero dividend this year. The acting MD is not empowered to issue dividends" is true then why did KENGEN issue yet they also have an acting MD



Lack of dividend was simply because KPLC IS BROKE.


Is it the MD who issue dividends
Thieves
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