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Kenya Power HY 2019
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kmucheke
#291 Posted : Wednesday, November 04, 2020 12:35:04 PM
Rank: Member

Joined: 3/16/2019
Posts: 313
Ericsson wrote:
https://www.standardmedia.co.ke/financial-standard/article/2001392441/us-firm-on-the-spot-for-overpriced-electricity-pact-with-kenya-power

Or power overpriced electricity pact with Kenya power


You were right, something fishy is behind these IPP deals.

Quote:
The Paris-based news outlet Africa Intelligence reported that the US Department of State has been asked by the OECD’s Anti-Bribery Convention to open an administrative inquiry into Ormat’s contract with Kenya Power.
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Ericsson
#292 Posted : Wednesday, November 04, 2020 1:17:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/financial-standard/article/2001392441/us-firm-on-the-spot-for-overpriced-electricity-pact-with-kenya-power

Or power overpriced electricity pact with Kenya power


While releasing Q3 results ended September 30, 2020, Ormat (Or Power) says KPLC has made all scheduled payments for the third quarter and has started reducing overdue amount in October.

link

Could be KPLC liquidity has improved or they pay the IPP's first leaving KenGen with the egg.


Kengen wajipange
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#293 Posted : Monday, November 09, 2020 7:40:25 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#294 Posted : Tuesday, November 10, 2020 7:58:46 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020


Above news is not yet released officially by Kenya Power or NSE yet it is all over the media.

Not that it makes any material change to Kenya Power trading as everyone could tell the results will be bad bad but this is information for insider trading that some people had and divulged to the media long before official release.

On NSE by the time you see information in the media it is already too late to trade on it.
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VituVingiSana
#295 Posted : Tuesday, November 10, 2020 8:26:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#296 Posted : Tuesday, November 10, 2020 8:30:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


https://www.businessdail...oss-in-17-years-3016840


https://www.standardmedi...inks-further-into-losses
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Tuesday, November 10, 2020 8:32 PM | Reason: Not specified
Ericsson
#297 Posted : Wednesday, November 11, 2020 10:33:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#298 Posted : Wednesday, November 11, 2020 1:22:44 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.

and they keep inviting me for AGM as if it's something to be proud of
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#299 Posted : Wednesday, November 11, 2020 1:45:48 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.

and they keep inviting me for AGM as if it's something to be proud of


They are proud having you as a shareholder.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#300 Posted : Wednesday, November 11, 2020 2:44:03 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.

and they keep inviting me for AGM as if it's something to be proud of


They are proud having you as a shareholder.


We called this one out in 2017/2018 results, good to see we were right. Will take time to recover.
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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