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3 Pages<123>
Kenya Power FY 2016 profit declines slightly
Ericsson
#21 Posted : Monday, November 14, 2016 1:25:44 AM
Rank: Elder


Joined: 12/4/2009
Posts: 2,831
Location: NAIROBI
@angelica_ann
If you read the article the increment is to pay for orpower new geothermal unit that sold electricity to kplc yet it had no agreed tariff with ERC.
On the issue we are producing more power than we can consume; that is the truth and we are now beginning to see the effects .As a country we need to encourage more consumption or have expensive bills
VituVingiSana
#22 Posted : Monday, November 14, 2016 2:51:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 13,006
Location: Nairobi
Let's hope that Kenyan consumers [all sectors] consume the power that is being produced and cannot be stored eg wind, solar, geothermal. I think hydro can be stored [water isn't released] as long as the dams are not at "spill" capacity.

Unless the INDUSTRIAL activity picks up, the consumption of electricity may not increase much.
Is SGR electric?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#23 Posted : Monday, November 14, 2016 10:23:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 2,831
Location: NAIROBI
@VVS
SGR is diesel powered.Electricity is for the sub stations
Angelica _ann
#24 Posted : Monday, November 14, 2016 10:26:23 AM
Rank: Elder


Joined: 12/7/2012
Posts: 6,518
Ericsson wrote:
@VVS
SGR is diesel powered.Electricity is for the sub stations

But it can adopt to electric train smile With minimal design changes?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#25 Posted : Tuesday, November 15, 2016 11:53:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 13,006
Location: Nairobi
Folks are fed up of KPLC and where possible reducing their reliance on KPLC. Savings of 20% over KPLC.

http://www.businessdaily...53498-i8cuam/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
actuarywahisa
#26 Posted : Tuesday, November 22, 2016 11:08:42 AM
Rank: New-farer


Joined: 5/21/2014
Posts: 86
Angelica _ann wrote:
Ericsson wrote:
@VVS
SGR is diesel powered.Electricity is for the sub stations

But it can adopt to electric train smile With minimal design changes?


I'm just gonna leave this one here. SGR upgrade to electric..

http://www.businessdaily...460144-uvqj9j/index.html
There are too many opportunities all around. Open your eyes and maybe you'll spot one
Pesa Nane
#27 Posted : Wednesday, December 28, 2016 10:00:00 AM
Rank: Elder


Joined: 5/25/2012
Posts: 2,886
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Ebenyo
#28 Posted : Thursday, December 29, 2016 8:57:33 AM
Rank: Member


Joined: 4/4/2016
Posts: 656
Location: Kitale
[quote=Pesa Nane][/quot

smile smile
The difference between poverty and wealth is in mentality.
actuarywahisa
#29 Posted : Tuesday, January 10, 2017 12:11:36 PM
Rank: New-farer


Joined: 5/21/2014
Posts: 86
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.
There are too many opportunities all around. Open your eyes and maybe you'll spot one
FRM2011
#30 Posted : Wednesday, January 11, 2017 7:26:26 AM
Rank: Veteran


Joined: 11/5/2010
Posts: 1,186
VituVingiSana
#31 Posted : Wednesday, January 11, 2017 9:49:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 13,006
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
Fyatu
#32 Posted : Wednesday, January 11, 2017 10:55:54 AM
Rank: Member


Joined: 1/20/2011
Posts: 693
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?
muandiwambeu
#33 Posted : Wednesday, January 11, 2017 11:21:47 AM
Rank: Member


Joined: 8/28/2015
Posts: 562
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.d'oh! d'oh! d'oh! d'oh! , Pray Pray Pray
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;....
VituVingiSana
#34 Posted : Wednesday, January 11, 2017 11:57:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 13,006
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.d'oh! d'oh! d'oh! d'oh! , Pray Pray Pray
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
Fyatu
#35 Posted : Wednesday, January 11, 2017 1:32:46 PM
Rank: Member


Joined: 1/20/2011
Posts: 693
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.d'oh! d'oh! d'oh! d'oh! , Pray Pray Pray
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
muandiwambeu
#36 Posted : Wednesday, January 11, 2017 1:58:56 PM
Rank: Member


Joined: 8/28/2015
Posts: 562
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.d'oh! d'oh! d'oh! d'oh! , Pray Pray Pray
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;....
heri
#37 Posted : Thursday, January 12, 2017 8:42:59 AM
Rank: Member


Joined: 9/14/2011
Posts: 497
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.
mlennyma
#38 Posted : Thursday, January 12, 2017 9:50:19 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,398
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."
muandiwambeu
#39 Posted : Thursday, January 12, 2017 10:36:43 AM
Rank: Member


Joined: 8/28/2015
Posts: 562
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;....
watesh
#40 Posted : Thursday, January 12, 2017 11:01:42 AM
Rank: Member


Joined: 8/10/2014
Posts: 529
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
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