Wazua
»
Investor
»
Stocks
»
Kenya Power FY 2016 profit declines slightly
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
|
actuarywahisa wrote:Now Chumo retires. https://www.standardmedi...chumo-exits-kenya-power
Being a boss in some of these GK associated firms is really a big task. Though this guy and KP say that it's age-retirement, I am suspecting he had quite some pressure from 'some parties'. As soon as you take up some of these jobs there is pressure to conform to cartels, otherwise they start planning for your succession by a more friendly party. I wonder who will sit on the seat next. It's the law to retire from a parastatal when one turns 60. I don't think it makes sense if the person has/can perform. I think corruption is rife in KPLC but we don't see it on the surface. I am not going to invest in KPLC except for a few shares I already hold and bought a loooong time ago! I have to admit, I don't even know why I haven't sold them. 2017 resolution is to sell off all "stray" shares I have & stick to my "core" holdings. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
VituVingiSana wrote:actuarywahisa wrote:Now Chumo retires. https://www.standardmedi...chumo-exits-kenya-power
Being a boss in some of these GK associated firms is really a big task. Though this guy and KP say that it's age-retirement, I am suspecting he had quite some pressure from 'some parties'. As soon as you take up some of these jobs there is pressure to conform to cartels, otherwise they start planning for your succession by a more friendly party. I wonder who will sit on the seat next. It's the law to retire from a parastatal when one turns 60. I don't think it makes sense if the person has/can perform. I think corruption is rife in KPLC but we don't see it on the surface. I am not going to invest in KPLC except for a few shares I already hold and bought a loooong time ago! I have to admit, I don't even know why I haven't sold them. 2017 resolution is to sell off all "stray" shares I have & stick to my "core" holdings. @vvs How can one sell-off his Atlas Africa industries shares? Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
Fyatu wrote:VituVingiSana wrote:actuarywahisa wrote:Now Chumo retires. https://www.standardmedi...chumo-exits-kenya-power
Being a boss in some of these GK associated firms is really a big task. Though this guy and KP say that it's age-retirement, I am suspecting he had quite some pressure from 'some parties'. As soon as you take up some of these jobs there is pressure to conform to cartels, otherwise they start planning for your succession by a more friendly party. I wonder who will sit on the seat next. It's the law to retire from a parastatal when one turns 60. I don't think it makes sense if the person has/can perform. I think corruption is rife in KPLC but we don't see it on the surface. I am not going to invest in KPLC except for a few shares I already hold and bought a loooong time ago! I have to admit, I don't even know why I haven't sold them. 2017 resolution is to sell off all "stray" shares I have & stick to my "core" holdings. @vvs How can one sell-off his Atlas Africa industries (ADDS) shares? SoS.  ,  Fyatu, the driver to that car begun a journey without enough supplies and now I understand they are stuck somewhere in Sinai desert. Romours reaching us are that also the driver might have deserted the cosignement. Tell us, if you are a passenger, how are things there? ,Behold, a sower went forth to sow;....
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
|
muandiwambeu wrote:Fyatu wrote:VituVingiSana wrote:actuarywahisa wrote:Now Chumo retires. https://www.standardmedi...chumo-exits-kenya-power
Being a boss in some of these GK associated firms is really a big task. Though this guy and KP say that it's age-retirement, I am suspecting he had quite some pressure from 'some parties'. As soon as you take up some of these jobs there is pressure to conform to cartels, otherwise they start planning for your succession by a more friendly party. I wonder who will sit on the seat next. It's the law to retire from a parastatal when one turns 60. I don't think it makes sense if the person has/can perform. I think corruption is rife in KPLC but we don't see it on the surface. I am not going to invest in KPLC except for a few shares I already hold and bought a loooong time ago! I have to admit, I don't even know why I haven't sold them. 2017 resolution is to sell off all "stray" shares I have & stick to my "core" holdings. @vvs How can one sell-off his Atlas Africa industries (ADDS) shares? SoS. , Fyatu, the driver to that car begun a journey without enough supplies and now I understand they are stuck somewhere in Sinai desert. Romours reaching us are that also the driver might have deserted the cosignement. Tell us, if you are a passenger, how are things there? I don't own ADSS so I may not be the best person to ask but what does your broker say? They were suspended in London but they may still be traded in Nairobi. myStocks show zero bids/offers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
VituVingiSana wrote:muandiwambeu wrote:Fyatu wrote:VituVingiSana wrote:actuarywahisa wrote:Now Chumo retires. https://www.standardmedi...chumo-exits-kenya-power
Being a boss in some of these GK associated firms is really a big task. Though this guy and KP say that it's age-retirement, I am suspecting he had quite some pressure from 'some parties'. As soon as you take up some of these jobs there is pressure to conform to cartels, otherwise they start planning for your succession by a more friendly party. I wonder who will sit on the seat next. It's the law to retire from a parastatal when one turns 60. I don't think it makes sense if the person has/can perform. I think corruption is rife in KPLC but we don't see it on the surface. I am not going to invest in KPLC except for a few shares I already hold and bought a loooong time ago! I have to admit, I don't even know why I haven't sold them. 2017 resolution is to sell off all "stray" shares I have & stick to my "core" holdings. @vvs How can one sell-off his Atlas Africa industries (ADDS) shares? SoS. , Fyatu, the driver to that car begun a journey without enough supplies and now I understand they are stuck somewhere in Sinai desert. Romours reaching us are that also the driver might have deserted the cosignement. Tell us, if you are a passenger, how are things there? I don't own ADSS so I may not be the best person to ask but what does your broker say? They were suspended in London but they may still be traded in Nairobi. myStocks show zero bids/offers. @Muandiwambeu...Yes i am a passenger there. Got in at ksh.6 when they sold us the oil and gas play in Africa and the vision of Ethiopia's emerging middle class, their drinking habits and the demand for sexy beer bottles. They also had a very healthy balance sheet with lots of cash-in-hand. It is my second burning at the NSE after TCL burnt me bad.@vvs, i will get in touch with my broker to see whether i can salvage the crumbs left Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
Fyatu wrote:VituVingiSana wrote:muandiwambeu wrote:Fyatu wrote:VituVingiSana wrote:actuarywahisa wrote:Now Chumo retires. https://www.standardmedi...chumo-exits-kenya-power
Being a boss in some of these GK associated firms is really a big task. Though this guy and KP say that it's age-retirement, I am suspecting he had quite some pressure from 'some parties'. As soon as you take up some of these jobs there is pressure to conform to cartels, otherwise they start planning for your succession by a more friendly party. I wonder who will sit on the seat next. It's the law to retire from a parastatal when one turns 60. I don't think it makes sense if the person has/can perform. I think corruption is rife in KPLC but we don't see it on the surface. I am not going to invest in KPLC except for a few shares I already hold and bought a loooong time ago! I have to admit, I don't even know why I haven't sold them. 2017 resolution is to sell off all "stray" shares I have & stick to my "core" holdings. @vvs How can one sell-off his Atlas Africa industries (ADDS) shares? SoS. , Fyatu, the driver to that car begun a journey without enough supplies and now I understand they are stuck somewhere in Sinai desert. Romours reaching us are that also the driver might have deserted the cosignement. Tell us, if you are a passenger, how are things there? I don't own ADSS so I may not be the best person to ask but what does your broker say? They were suspended in London but they may still be traded in Nairobi. myStocks show zero bids/offers. @Muandiwambeu...Yes i am a passenger there. Got in at ksh.6 when they sold us the oil and gas play in Africa and the vision of Ethiopia's emerging middle class, their drinking habits and the demand for sexy beer bottles. They also had a very healthy balance sheet with lots of cash-in-hand. It is my second burning at the NSE after TCL burnt me bad.@vvs, i will get in touch with my broker to see whether i can salvage the crumbs left Courage and fare thee well. These waters are really macky and tiger sharks infested. Hard to tell when, where, whom,how, what and why. ,Behold, a sower went forth to sow;....
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
|
Kenya Power’s huge appetite for debt is a recipe for disaster http://www.nation.co.ke/...html-8c48rrz/index.html
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion At the end of 2015, Kenya Power was sitting on a cash pile of Sh28 billion, which has dwindled to a mere Sh5 billion at the end of last June. Profit before tax is stagnant and revenues have not grown at par with the speed of new customer connections.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
heri wrote:Kenya Power’s huge appetite for debt is a recipe for disaster http://www.nation.co.ke/...html-8c48rrz/index.html
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion At the end of 2015, Kenya Power was sitting on a cash pile of Sh28 billion, which has dwindled to a mere Sh5 billion at the end of last June. Profit before tax is stagnant and revenues have not grown at par with the speed of new customer connections. the top management must be eating very fat commissions on awarding contracts and other services "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
mlennyma wrote:heri wrote:Kenya Power’s huge appetite for debt is a recipe for disaster http://www.nation.co.ke/...html-8c48rrz/index.html
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion At the end of 2015, Kenya Power was sitting on a cash pile of Sh28 billion, which has dwindled to a mere Sh5 billion at the end of last June. Profit before tax is stagnant and revenues have not grown at par with the speed of new customer connections. the top management must be eating very fat commissions on awarding contracts and other services How is this company paying as financing costs or interests on loans for such huge debts that are adding nothing to the declining bottom lines. This is a jinxed one. How could profits decline in a lean year of production with cheaper geothermal power is still rocket science to me. Squirl must have a way of learning how not only to eat maize but power moni too. Asked what is happening, I would say this is terribly indicated being a monopoly. Reminds me o telekom, pothita and the lest forgotten dynosars of the time. A freaky boat to ride, ,Behold, a sower went forth to sow;....
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
|
muandiwambeu wrote:mlennyma wrote:heri wrote:Kenya Power’s huge appetite for debt is a recipe for disaster http://www.nation.co.ke/...html-8c48rrz/index.html
According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion At the end of 2015, Kenya Power was sitting on a cash pile of Sh28 billion, which has dwindled to a mere Sh5 billion at the end of last June. Profit before tax is stagnant and revenues have not grown at par with the speed of new customer connections. the top management must be eating very fat commissions on awarding contracts and other services How is this company paying as financing costs or interests on loans for such huge debts that are adding nothing to the declining bottom lines. This is a jinxed one. How could profits decline in a lean year of production with cheaper geothermal power is still rocket science to me. Squirl must have a way of learning how not only to eat maize but power moni too. Asked what is happening, I would say this is terribly indicated being a monopoly. Reminds me o telekom, pothita and the lest forgotten dynosars of the time. A freaky boat to ride, And out dividends remain stagnant at Ksh0.5 each and every year
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Power FY 2016 profit declines slightly
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|