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17 Pages«<14151617>
Kenya Power HY 2019
muandiwambeu
#301 Posted : Wednesday, November 11, 2020 7:43:51 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,230
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.

The blind should not blame the ears for their seeing issues.
,Behold, a sower went forth to sow;....
VituVingiSana
#302 Posted : Thursday, November 12, 2020 12:09:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,328
Location: Nairobi
muandiwambeu 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.

The blind should not blame the ears for their seeing issues.
Laughing out loudly Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Extraterrestrial
#303 Posted : Friday, November 13, 2020 11:10:45 AM
Rank: Member


Joined: 11/17/2018
Posts: 157
Location: Mars
I have a feeling Eng. Abdulrazaq Ali will be the new Chairman
Ericsson
#304 Posted : Friday, November 13, 2020 8:14:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,137
Location: NAIROBI
Extraterrestrial wrote:
I have a feeling Eng. Abdulrazaq Ali will be the new Chairman


Kenya Power & Lighting Company Plc has appointented M/s. Vivienne Yeda, OGW, as the Chairperson, Board of Directors. She becomes the first woman to hold the company's board chair position.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#305 Posted : Saturday, November 14, 2020 10:32:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,137
Location: NAIROBI
Kenya Power eyes staff cuts – https://www.standardmedi...ya-power-eyes-staff-cuts
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#306 Posted : Tuesday, November 17, 2020 8:17:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,137
Location: NAIROBI
https://www.the-star.co....ties-hit-sh115-billion/

The government has committed to support insolvent Kenya Power whose liabilities now exceeds its current assets by Sh70.9 billion, with the Auditor General casting doubt on its financial soundness.

The power utility firm has an asset base of Sh44.2 billion, for the year ended June 30, 2019, against a liability of Sh115.2 billion, a figure likely to have gone up, meaning the listed company is technically insolvent.

The electricity distributor’s debt to its various independent power producers and suppliers was at a Sh47.9 billion by June.

This includes;
Sh23.7 billion owed to KenGen,
Sh19.5 billion owed to Independent Power Producers(IPPs), and
another Sh4.7 billion owed to Kenya Electricity Transmission Company (KETRACO).

Its commercial debt is to the tune of about Sh60 billion.

He said the government has further given Kenya Power, together with KenGen, a break on reimbursement of monies paid by the exchequer on their behalf.

“This is quite an impactful initiative towards the recovery of Kenya Power,” the PS said.

The firm has so far secured debt relief from 14 lending institutions, cutting interest costs.

It has access to a one-year moratorium on its 18 foreign commercial and government guaranteed loans from lenders such as China Exim Bank, Japan Development Bank and World Bank’s International Development Agency (IDA).

Parastatals, national and county governments had a pending electricity bill of Sh4.7 billion as at the end of June 2020, a figure that has hit a new high as of today.

County governments, health facilities and other devolved services alone had unpaid bills of Sh2.4 billion as at June 30.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#307 Posted : Friday, November 20, 2020 7:20:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,137
Location: NAIROBI
https://www.the-star.co....ank-overdrafts-cs-keter/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Extraterrestrial
#308 Posted : Friday, November 20, 2020 2:26:17 PM
Rank: Member


Joined: 11/17/2018
Posts: 157
Location: Mars


I wonder what AFDB and World Bank are demanding as preconditions of the bailout by them
littledove
#309 Posted : Friday, November 20, 2020 3:37:43 PM
Rank: Member


Joined: 7/1/2014
Posts: 803
Location: sky
Quote:
Quote:
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-raises-alarm-over-clients-solar-switch--3204410?fbclid=IwAR0Xald6WVfkiEv7oVv5pTT4jGcVpgFsisOCddS4MeE_tC1aaq8tR9KRf4k

Last year I said I have some small commercial rentals and all my security light is solar and in my next project only sockets will be from kplc while all bulbs will be solar but somebody said that's can't make any impact, but two years down the line industries are also joining the shift
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#310 Posted : Saturday, November 21, 2020 10:29:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,137
Location: NAIROBI
https://mobile.twitter.c...0013585100201988/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#311 Posted : Monday, November 23, 2020 9:08:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,137
Location: NAIROBI
https://www.businessdail...lectricity-debt--3206650
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#312 Posted : Monday, November 23, 2020 11:09:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,328
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-to-get-sh6bn-for-rural-electricity-debt--3206650

“In the first supplementary budget, we have secured Sh6 billion as part of the 11.9 billion owed to Kenya Power for the Rural Electrification Scheme. The balance will be paid in the next financial year,” said Mr Keter.

>>> Which will go to KenGen Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kawi254
#313 Posted : Monday, November 23, 2020 3:53:09 PM
Rank: Member


Joined: 2/20/2015
Posts: 397
Location: Nairobi
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-to-get-sh6bn-for-rural-electricity-debt--3206650

“In the first supplementary budget, we have secured Sh6 billion as part of the 11.9 billion owed to Kenya Power for the Rural Electrification Scheme. The balance will be paid in the next financial year,” said Mr Keter.

>>> Which will go to KenGen Laughing out loudly Laughing out loudly Laughing out loudly


The REP Levy collected by KPLC on behalf of Rural Electrification Authority (REA) is not enough to offset this money owed? ..3.4% of my electricity bill is REP levy.


maka
#314 Posted : Monday, November 23, 2020 7:38:33 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,368
Location: Nairobi
littledove wrote:
Quote:
Quote:
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-raises-alarm-over-clients-solar-switch--3204410?fbclid=IwAR0Xald6WVfkiEv7oVv5pTT4jGcVpgFsisOCddS4MeE_tC1aaq8tR9KRf4k

Last year I said I have some small commercial rentals and all my security light is solar and in my next project only sockets will be from kplc while all bulbs will be solar but somebody said that's can't make any impact, but two years down the line industries are also joining the shift



possunt quia posse videntur
kenyan2019
#315 Posted : Wednesday, November 25, 2020 10:27:00 AM
Rank: New-farer


Joined: 12/30/2018
Posts: 56
Hold or sell? Kizungumkuti
Queen
#316 Posted : Wednesday, November 25, 2020 11:32:52 AM
Rank: Member


Joined: 11/21/2018
Posts: 427
Location: Britain
kenyan2019 wrote:
Hold or sell? Kizungumkuti


Hapa hakuna kizungumkuti. This thing is a monkey, simple and clear.
Extraterrestrial
#317 Posted : Thursday, November 26, 2020 11:04:54 AM
Rank: Member


Joined: 11/17/2018
Posts: 157
Location: Mars
1.50 sighted. Thin bids BELOW. HEAVY SUPPLY.
mlennyma
#318 Posted : Thursday, November 26, 2020 12:33:26 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,058
Location: nairobi
Extraterrestrial wrote:
1.50 sighted. Thin bids BELOW. HEAVY SUPPLY.

Sad how investors have lost due to government management style
"Don't let the fear of losing be greater than the excitement of winning."
Fyatu
#319 Posted : Thursday, November 26, 2020 2:51:28 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,783
Location: Nakuru
mlennyma wrote:
Extraterrestrial wrote:
1.50 sighted. Thin bids BELOW. HEAVY SUPPLY.

Sad how investors have lost due to government management style


And to imagine some wazua elders bought huge chunks during rights issue at a staggering price kshs. 15 per share.

I am eagerly and patiently waiting for it at 80 cents per share.
Dumb money becomes dumb only when it listens to smart money
Swenani
#320 Posted : Friday, November 27, 2020 9:51:21 AM
Rank: User


Joined: 8/15/2013
Posts: 13,176
Location: Vacuum
Solar looks fancy but it's costs far exceed the power bills.

Obiero being my mentor, I have also decided to accumulate more KPLC shares.

Also, VVS says that buy when there is bloodbath on the streets and Mnandi's eliot break is very positive about this monkey

smile smile smile smile smile
If Obiero did it, Who Am I?
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