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Madness at the NSE
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xtina
#2391 Posted : Tuesday, September 13, 2022 9:22:55 AM
Rank: Member

Joined: 6/26/2008
Posts: 399
McGill wrote:
xtina wrote:
A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?


Maybe he knows something about the FY results due in a few weeks.


I was thinking it's beyond this. The said politician has been accumulating the stock over the years and has become one of the largest shareholders (though this is only mentioned by the media and may be worth a pinch of salt. I also haven't looked at KPLC recently to see the latest shareholding structure). Is there something we are missing? Why accumulate a 'monkey' stock?
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My 2 cents
#2392 Posted : Tuesday, September 13, 2022 8:36:06 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
xtina wrote:
McGill wrote:
xtina wrote:
A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?


Maybe he knows something about the FY results due in a few weeks.


I was thinking it's beyond this. The said politician has been accumulating the stock over the years and has become one of the largest shareholders (though this is only mentioned by the media and may be worth a pinch of salt. I also haven't looked at KPLC recently to see the latest shareholding structure). Is there something we are missing? Why accumulate a 'monkey' stock?


Perhaps he is hoping to engineer a 'Kenyan Gamestop' situation. What better stock that KPLC to try and pull this off.
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obiero
#2393 Posted : Wednesday, September 14, 2022 2:08:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Sufficiently Philanga....thropic wrote:
littledove wrote:
even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening?


Nothing is happening only that the incoming leader's past history does not inspire any confidence.
The road ahead will be long and hard akin to the Moi years.
Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament!
The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives.

The bitter truth

KQ ABP 4.26
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Ericsson
#2394 Posted : Wednesday, September 14, 2022 8:01:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
Ericsson wrote:
McGill wrote:
xtina wrote:
A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?


Maybe he knows something about the FY results due in a few weeks.


One thing is for sure.
There will be no dividend declared


Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit.
Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price.

Surely they can afford 195M - no matter how tight things are.


If they are asking for debt moratorium how will they pay dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mozenrat
#2395 Posted : Thursday, September 15, 2022 3:08:32 AM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
xtina wrote:
A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?


You mean Ndindi Nyoro? It’s not a secret, he admitted it on his social media pages.
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My 2 cents
#2396 Posted : Friday, September 16, 2022 6:10:56 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Ericsson wrote:
My 2 cents wrote:
Ericsson wrote:
McGill wrote:
xtina wrote:
A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?


Maybe he knows something about the FY results due in a few weeks.


One thing is for sure.
There will be no dividend declared


Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit.
Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price.

Surely they can afford 195M - no matter how tight things are.


If they are asking for debt moratorium how will they pay dividend


If they excite the share price enough, it may be a good option to raise more equity capital to retire some of the debt.
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Ericsson
#2397 Posted : Saturday, September 17, 2022 8:50:17 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
Ericsson wrote:
My 2 cents wrote:
Ericsson wrote:
McGill wrote:
xtina wrote:
A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?


Maybe he knows something about the FY results due in a few weeks.


One thing is for sure.
There will be no dividend declared


Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit.
Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price.

Surely they can afford 195M - no matter how tight things are.


If they are asking for debt moratorium how will they pay dividend


If they excite the share price enough, it may be a good option to raise more equity capital to retire some of the debt.



How will they excite the share price?
Raise more equity capital you mean a rights issue?
A significant reduction of debt will be in the figures of ksh.10 billion plus
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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My 2 cents
#2398 Posted : Saturday, September 17, 2022 10:54:18 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Ericsson wrote:
My 2 cents wrote:
Ericsson wrote:
My 2 cents wrote:
Ericsson wrote:
McGill wrote:
xtina wrote:
A certain politician (I won't Name Names is stocking up on KPLC. Not that I trust politicians so much but I can't help but feel something is up. Is there a reason why politicians are buying this 'dead' stock?


Maybe he knows something about the FY results due in a few weeks.


One thing is for sure.
There will be no dividend declared


Yet if they declared just 10cents per share it would cost them only 195 million - peanuts for a company that will probably report more than 5B net profit.
Announcing even this puny dividend will go a long way in signalling a change in fortunes to shareholders, which will in turn be great for share price.

Surely they can afford 195M - no matter how tight things are.


If they are asking for debt moratorium how will they pay dividend


If they excite the share price enough, it may be a good option to raise more equity capital to retire some of the debt.



How will they excite the share price?
Raise more equity capital you mean a rights issue?
A significant reduction of debt will be in the figures of ksh.10 billion plus


By reinstating dividends (costs only 195M for 10 cents per share) alongside other key governance improvement initiatives.
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Sufficiently Philanga....thropic
#2399 Posted : Friday, January 13, 2023 11:15:18 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Sufficiently Philanga....thropic wrote:
littledove wrote:
even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening?


Nothing is happening only that the incoming leader's past history does not inspire any confidence.
The road ahead will be long and hard akin to the Moi years.
Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament!
The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives.


Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days.
Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground.
I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector!
Extremely sad!!!
@SufficientlyP
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heri
#2400 Posted : Friday, January 13, 2023 12:10:00 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Sufficiently Philanga....thropic wrote:
Sufficiently Philanga....thropic wrote:
littledove wrote:
even with peaceful conclusion of election the rally lasted only for two days supported by only few counters with
very weak demand, what is happening?


Nothing is happening only that the incoming leader's past history does not inspire any confidence.
The road ahead will be long and hard akin to the Moi years.
Promotion to the highest level of incompetence is what elections in KE, and i guess the rest of Africa, is all about. Look at the crooks the masses have taken to parliament!
The stock market is a sophisticated market(not a fish market) and only works and flourishes where the Formal sector, and not the Informal sector thrives.


Extremely sad to see the Pride of Kenya for the last 2 decades(Safaricom) losing 31% of its value in 100days.
Although we can place the currency devaluation, reduction in MTR and the Ethiopian entry as some of the reasons, the biggest reason here is political interference with a view to milking the company to the ground.
I just hope it doesn't go the KPLC way, which plunged from KES.15 in 2013 to the current price of KES.1.5 when some people took over the management of the energy sector!
Extremely sad!!!


Sad. What happened to those fairy tales that Vodacom calls the shots or have they also eaten enough?
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