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Kenya Power FY2017
Rank: Member Joined: 8/6/2018 Posts: 299
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muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff...
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on.  Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 8/6/2018 Posts: 299
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muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks. The fact remains the same, minus. Not positive. I believe, kplsee do not make profits out of refunds. But, as a frugal businessperson, I can make money out of monies advanced to me by my customers(but now I have to "refund"). A fact does not change with the amount of information thrown into it. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
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muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks. The fact remains the same, minus. Not positive. I believe, kplsee do not make profits out of refunds. But, as a frugal businessperson, I can make money out of monies advanced to me by my customers(but now I have to "refund"). A fact does not change with the amount of information thrown into it. Hehe.. Embe DoDo.. Bure kabisa
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Angelica _ann wrote:@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. @Angelica ann- i have noted your concerns. I have the full year 2017 and half year 2018 results which i have been going through again recently in anticipation for next month results.I will then make my decision after the results are in. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,528 Location: nairobi
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Ebenyo wrote:Angelica _ann wrote:@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. @Angelica ann- i have noted your concerns. I have the full year 2017 and half year 2018 results which i have been going through again recently in anticipation for next month results.I will then make my decision after the results are in. All the best veteran
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 8/6/2018 Posts: 299
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muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks. The fact remains the same, minus. Not positive. I believe, kplsee do not make profits out of refunds. But, as a frugal businessperson, I can make money out of monies advanced to me by my customers(but now I have to "refund"). A fact does not change with the amount of information thrown into it. You are a true Layman when it comes to Energy Tariffs and how they are calculated and set.... Continue Keeping it Simple and Lay... When one month the Forex charge on your bill decrease, does it mean KPLC has Lost Money...Go to ERC website and download something called yellow book...The tariff schedule for the approved tariffs that came into effect in August 1 2018...I think people should give commentary on matters they are well versed in, as Adam Smith would say. this world would be a truethful society....And i wouldn't be here belabouring my point...But Bora Uhai Mwanedu
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ebenyo wrote:Angelica _ann wrote:@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. @Angelica ann- i have noted your concerns. I have the full year 2017 and half year 2018 results which i have been going through again recently in anticipation for next month results.I will then make my decision after the results are in. will tell you something... Right now things are Smelly and thick... There is still a tusle with Auditors on various Classification and the Potential Contingency Liabilities, Some Provisions ...so as far as Investment is concerned, The FY numbers will be Smelly...Sticky...But the Company got a new tariff in August 2018 that should be a good antidote...
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks. The fact remains the same, minus. Not positive. I believe, kplsee do not make profits out of refunds. But, as a frugal businessperson, I can make money out of monies advanced to me by my customers(but now I have to "refund"). A fact does not change with the amount of information thrown into it. You are a true Layman when it comes to Energy Tariffs and how they are calculated and set.... Continue Keeping it Simple and Lay... When one month the Forex charge on your bill decrease, does it mean KPLC has Lost Money...Go to ERC website and download something called yellow book...The tariff schedule for the approved tariffs that came into effect in August 1 2018...I think people should give commentary on matters they are well versed in, as Adam Smith would say. this world would be a truethful society....And i wouldn't be here belabouring my point...But Bora Uhai Mwanedu Kplsee shouldn't have wasted their day in court with their cleuless lawyers who understands nothing with energy billing and tarriffs cause they too have a yellow book they have not been adhering too and levying forex charges that are bills and not charges and not apportioned as per metered units. Fair thee well,plo wa kplsee. I hope you find time to know what a refund is. Also, find time to know that going to court is not courtship and courts awards are not the same thing as courtship and walking down the aisle for a wedding ring and a Holly matrimony. ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 8/6/2018 Posts: 299
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muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks. The fact remains the same, minus. Not positive. I believe, kplsee do not make profits out of refunds. But, as a frugal businessperson, I can make money out of monies advanced to me by my customers(but now I have to "refund"). A fact does not change with the amount of information thrown into it. You are a true Layman when it comes to Energy Tariffs and how they are calculated and set.... Continue Keeping it Simple and Lay... When one month the Forex charge on your bill decrease, does it mean KPLC has Lost Money...Go to ERC website and download something called yellow book...The tariff schedule for the approved tariffs that came into effect in August 1 2018...I think people should give commentary on matters they are well versed in, as Adam Smith would say. this world would be a truethful society....And i wouldn't be here belabouring my point...But Bora Uhai Mwanedu Kplsee shouldn't have wasted their day in court with their cleuless lawyers who understands nothing with energy billing and tarriffs cause they too have a yellow book they have not been adhering too and levying forex charges that are bills and not charges and not apportioned as per metered units. Fair thee well,plo wa kplsee. I hope you find time to know what a refund is. Also, find time to know that going to court is not courtship and courts awards are not the same thing as courtship and walking down the aisle for a wedding ring and a Holly matrimony. EXPECT NEW NEW ELECTRICITY TARIFFS NEXT WEEK...POLITICAL PRESSURE
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks. The fact remains the same, minus. Not positive. I believe, kplsee do not make profits out of refunds. But, as a frugal businessperson, I can make money out of monies advanced to me by my customers(but now I have to "refund"). A fact does not change with the amount of information thrown into it. You are a true Layman when it comes to Energy Tariffs and how they are calculated and set.... Continue Keeping it Simple and Lay... When one month the Forex charge on your bill decrease, does it mean KPLC has Lost Money...Go to ERC website and download something called yellow book...The tariff schedule for the approved tariffs that came into effect in August 1 2018...I think people should give commentary on matters they are well versed in, as Adam Smith would say. this world would be a truethful society....And i wouldn't be here belabouring my point...But Bora Uhai Mwanedu Kplsee shouldn't have wasted their day in court with their cleuless lawyers who understands nothing with energy billing and tarriffs cause they too have a yellow book they have not been adhering too and levying forex charges that are bills and not charges and not apportioned as per metered units. Fair thee well,plo wa kplsee. I hope you find time to know what a refund is. Also, find time to know that going to court is not courtship and courts awards are not the same thing as courtship and walking down the aisle for a wedding ring and a Holly matrimony. EXPECT NEW NEW ELECTRICITY TARIFFS NEXT WEEK...POLITICAL PRESSURE Prices will go up or down Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ericsson wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote:KaunganaDoDo wrote:muandiwambeu wrote: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? Technically to make you understand, thougj you should find it harder ...this is no options or swaps nor is it a blacks schole- A THEORY WHOSE INCORRECT USAGE LEND TO THE WORST FINANCIAL CRASH OF THE CENTURY, how do I know you are the angel Gabriel, valuation of derivatives The tariff are divided into two, BASE tariff and Passthrough Charges. Base Tariffs are set and fixed. They are set at particular exchange rate and CPI...Thus base rates of the current tariffs were priced at the March 2017 exchange rates..They thus are fixed..while Passthrough Charges (Forex, Fuel charge,Infla )vary month to month Thus base rates already have forex variations upto 103 shillings... because Kplc ,kengen and ipp opex like loan and interest payments are priced at March 2017 exchange rates, Whenever the exchange rate depreciates above the 103 rate(The march 217) The difference is a charge to the customers, the opposite happens when its lower...in summary the opex for month of August 2018 have been overstated by 1.2B since the actual rate is 101 tothe dollar...The opex is part of the base Tariff... These things are too touchy and technical to be left to the nerd technicians who aren't able to categorically say Apollo's client have worn a suit amounting to 1.2billions. I see you are comfortable with opex, capex forex, baseless, passthorough etc but you are not appreciating this is a hit below the belt, ebideta, and just slightly above the bottom lines. Kizungu mingi inaleta kizunguzungu, let's all and sundry know that kplsee is enroute to book costs, fines and awards in a case amounting to 1.2beanions. let's accept and move on. Things will get clearer to you once the dust a settled, that speed and agility are joined at the hips with adaptation and survival BUSINESS DAILY Business Daily, Kenya Power Bill Refund: Electricity consumers will this month be refunded Sh. 1.2 billion following a review of foreign exchange in power bills, easing the pain on homes that endured the rise in tariffs of up to 52.8 per cent in August. The Energy Regulatory Commission (ERC) said homes and business are due for a refund of Sh1.31 per kilowatt hour (kWh) after it used a higher dollar rate to compute the foreign exchange levy last month. Kenya’s monthly power consumption has averaged 970 million units in recent months, meaning consumers will enjoy refunds of Sh1.2 billion that will be deducted from their September bills. This will offer relief to the middle class that saw power costs rise up to 52.8 per cent when a new billing structure that took effect on August 1 for prepaid users and July 1 for those of post-paid meters. Notice is given that all prices for electrical energy…will be liable to a foreign exchange fluctuation adjustment of minus 131 Kenya cents per kWh for all meter readings to be taken in September,” said ERC director-general Pavel Oimeke in a Friday Kenya Gazette notice. The forex levy comprises expenses power generators such as KenGen KEGN, the independent power producers as well as Kenya Power incur in foreign currency that is passed on to consumers. This makes the power sector attractive to foreign investors looking to be cushioned from currency risks. The fact remains the same, minus. Not positive. I believe, kplsee do not make profits out of refunds. But, as a frugal businessperson, I can make money out of monies advanced to me by my customers(but now I have to "refund"). A fact does not change with the amount of information thrown into it. You are a true Layman when it comes to Energy Tariffs and how they are calculated and set.... Continue Keeping it Simple and Lay... When one month the Forex charge on your bill decrease, does it mean KPLC has Lost Money...Go to ERC website and download something called yellow book...The tariff schedule for the approved tariffs that came into effect in August 1 2018...I think people should give commentary on matters they are well versed in, as Adam Smith would say. this world would be a truethful society....And i wouldn't be here belabouring my point...But Bora Uhai Mwanedu Kplsee shouldn't have wasted their day in court with their cleuless lawyers who understands nothing with energy billing and tarriffs cause they too have a yellow book they have not been adhering too and levying forex charges that are bills and not charges and not apportioned as per metered units. Fair thee well,plo wa kplsee. I hope you find time to know what a refund is. Also, find time to know that going to court is not courtship and courts awards are not the same thing as courtship and walking down the aisle for a wedding ring and a Holly matrimony. EXPECT NEW NEW ELECTRICITY TARIFFS NEXT WEEK...POLITICAL PRESSURE Prices will go up or down DOWN...The VAT thing is forcing the government to find ways of appeasing Wanjiku on KPLC's cost.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Three weeks to results announcement.Insider trading looks to be a thing of the past.The share price movement does not indicate anything. Towards the goal of financial freedom
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ebenyo wrote:Three weeks to results announcement.Insider trading looks to be a thing of the past.The share price movement does not indicate anything. Wait for Announcement next week. You will remember me. Anyway, Bora Uhai. There's still room for electrical shocks if next week doesn't Short Circuit you
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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KaunganaDoDo wrote:Ebenyo wrote:Three weeks to results announcement.Insider trading looks to be a thing of the past.The share price movement does not indicate anything. Wait for Announcement next week. You will remember me. Anyway, Bora Uhai. There's still room for electrical shocks if next week doesn't Short Circuit you One of my biggest headache...why did I buy this government cow my fren,milk is over and they continue to milk blood. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 2/27/2018 Posts: 56 Location: Cambrian Dc
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KaunganaDoDo wrote:Ebenyo wrote:Three weeks to results announcement.Insider trading looks to be a thing of the past.The share price movement does not indicate anything. Wait for Announcement next week. You will remember me. Anyway, Bora Uhai. There's still room for electrical shocks if next week doesn't Short Circuit you If that's to be the case then I hope the results are as terrible as possible. This will ensure that the share price collapses and we can load up on more while those who wish can average down properly. Luke warm results will stagnate the price at its current level for a long time. Kama mbaya Wacha iwe mbaya kabisa. If there's one thing I hate it's a share price that doesn't move. If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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VyaBureSiachi wrote:KaunganaDoDo wrote:Ebenyo wrote:Three weeks to results announcement.Insider trading looks to be a thing of the past.The share price movement does not indicate anything. Wait for Announcement next week. You will remember me. Anyway, Bora Uhai. There's still room for electrical shocks if next week doesn't Short Circuit you If that's to be the case then I hope the results are as terrible as possible. This will ensure that the share price collapses and we can load up on more while those who wish can average down properly. Luke warm results will stagnate the price at its current level for a long time. Kama mbaya Wacha iwe mbaya kabisa. If there's one thing I hate it's a share price that doesn't move.  Wewe hutaki kuziba ufa. Wacha ukuta ibomolewe??
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Rank: Member Joined: 8/6/2018 Posts: 299
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mlennyma wrote:KaunganaDoDo wrote:Ebenyo wrote:Three weeks to results announcement.Insider trading looks to be a thing of the past.The share price movement does not indicate anything. Wait for Announcement next week. You will remember me. Anyway, Bora Uhai. There's still room for electrical shocks if next week doesn't Short Circuit you One of my biggest headache...why did I buy this government cow my fren,milk is over and they continue to milk blood. The results will come with Alot of Auditor's Opinions. The tariff that was granted last August was well fought for by KPLC. It would have done the books good. But it appears it was too soon. Everyone had moved on but then VAT manenos on oil came.... Next Month will be key....
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VyaBureSiachi wrote:KaunganaDoDo wrote:Ebenyo wrote:Three weeks to results announcement.Insider trading looks to be a thing of the past.The share price movement does not indicate anything. Wait for Announcement next week. You will remember me. Anyway, Bora Uhai. There's still room for electrical shocks if next week doesn't Short Circuit you If that's to be the case then I hope the results are as terrible as possible. This will ensure that the share price collapses and we can load up on more while those who wish can average down properly. Luke warm results will stagnate the price at its current level for a long time. Kama mbaya Wacha iwe mbaya kabisa. If there's one thing I hate it's a share price that doesn't move. Kenya power has consistently paid dividends over the years.According to wazua statistics,they have been paying since 2006 without fail.If they fail this year it will be the first time in 12 years.And mama ngina kenyatta is a shareholder here. They have kshs 51 billion in receivables.They were to recover 10.1 billion by 30th june but appolo mboya went to court.We will wait to see how much of 40 billion have they recovered. Towards the goal of financial freedom
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