Get us the tiddings here. Some of us are consolling Anne Akombi

Ebenyo #304 Posted : Wednesday, August 30, 2017 2:32:45 PM
Quote
Rank: Veteran


Joined: 4/4/2016
Posts: 928
Location: Kitale
Wondergirl wrote:
@Sparkly,
Is it too late to border this bus?
I have some idle cash after disposing off one of my counters.Sad Pray



Full year results are due on october.Indications are the results will be nice and that dividend will be declared.You can jump in now and take advantage of the rally after results.
1.Cut down on expenses2.Save a portion of the income 3.Invest heavily

I still stand by my comments.Dont sell them now.Instead use the situation to average down your ABP.The company didnt make a loss.It made a profit of 11 billion.They have not declared a dividend possibly because of campaigns.This is what may affect share price.Whats your current ABP? im sure you will still make capital gains here with a little further patience.PIC of south africa is still buying and that will definitely pull up the price.Buy more cheaply so that your ABP is down.and after these political issues in the country are out,you will gain.

They are conserving cash for debt repayments,expansion and to avoid punitive compensation tax since they received tax credits for capital projects undertaken

Ngai!
Unajua kusoma income statement?

All the profit has been declared - 34% higher that 2016.

Hiyo ya campaign ni gani?

PS: do NOT expect dividend from KPLC either!

[quote=Ericsson]2017 versus 2016
Revenue at ksh.35.44bn versus 38.61bn
Operating profit at ksh.13.709bn versus 16.271bn
EBITDA at ksh.22.953bn versus 26.495bn
Profit before Tax at ksh.11.534bn versus 11.264bn
Profit after Tax at ksh.9.057bn versus 6.743bn

No dividend declared

KenGen announced FY 17 results this morning, reporting an EPS of KES 1.37, up 27% y/y
EPS grew mainly on account of a lower effective tax ( 21% vs. 40% the year earlier) as well as reduced depreciation and amortization expenses (-10% yy)
Profit before tax grew a marginal 2% yy to KES 11.5bn
Electricity revenue was flat at KES 35.4bn due to reduced energy revenue following geothermal power evacuation constraints and hydro challenges over drought
Steam revenue declined 24% yy on account of lack of income from commercial drilling services
OpEx inflated 8% yy attributable to investment in capacity expansion.
Interest income more than doubled to KES 1.2bn following investment of funds from the Rights Issue
Finance costs rose 9% yy to KES 3.4bn
Profit after tax settled at KES 9.1bn (+34% yy).

Kengen were enticing shareholders with dividend when they wanted the rights cash,now they don't care ,nothing to chew for two years running

Imbidi nimechukua my 5% profit na ku-abandon ship. It's been an eventful year though. Gentlemen, its been an honor trading with you.

@pesanane always reliable, though the same was in the newspaper even before your post