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Kenya Power HY18
Pesa Nane
#1 Posted : Friday, February 23, 2018 1:49:00 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c


Full results link: https://view.publitas.co...iod-ended-31st-dec-2017/
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Friday, February 23, 2018 2:05:40 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
PBT down 19%
-Slow down of KE econ
-Increase in financing costs

Electricity sales UP 2.3% to 3,893 GWh
Sales revenue UP 2.5% to Kshs. 46,931 million

Power purchase costs UP to Kshs27,429 million.
-attributed to 2% increase in units purchased, 4,882 GWh

Thermal used increased 47% to 1,301 GWh
-Poor hydrology

Transmission and distribution costs UP 5% to Kshs. 15,814 million
-Higher operational and maintenance costs
-Depreciation

Finance costs UP to Kshs. 3,257 million

Cash balances "decreased significantly duw to aggressive implementation of capital projects"
Pesa Nane plans to be shilingi when he grows up.
Ericsson
#3 Posted : Friday, February 23, 2018 2:32:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,214
Location: NAIROBI
Cash flow statement and balance sheet
Pesa Nane
#4 Posted : Friday, February 23, 2018 2:38:35 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Cash flow statement and balance sheet


Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#5 Posted : Friday, February 23, 2018 2:41:02 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Cash flow statement and balance sheet

Pesa Nane plans to be shilingi when he grows up.
Ericsson
#6 Posted : Friday, February 23, 2018 3:25:55 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,214
Location: NAIROBI
Pesa Nane wrote:
Ericsson wrote:
Cash flow statement and balance sheet



Company may require government bailout soon.
The debt level and negative cash flow is worrying
Angelica _ann
#7 Posted : Friday, February 23, 2018 5:21:45 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,784
This one is headed to the crooked Me Zero One days, smiling from the sidelines. smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ebenyo
#8 Posted : Friday, February 23, 2018 6:30:36 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,702
Location: Kitale
[quote=Pesa Nane]

Full results link: https://view.publitas.co...od-ended-31st-dec-2017/[/quote]


Thermal generation is expensive.They could try getting an alternative which will bring value.There is no need of using  kshs 12 billion only to get kshs 11 billion.
Overdrafts facilities is now becoming burdensome.They should look at cheaper options.
Towards the goal of financial freedom
Angelica _ann
#9 Posted : Friday, February 23, 2018 7:03:45 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,784
Ebenyo wrote:
[quote=Pesa Nane]

Full results link: https://view.publitas.co...od-ended-31st-dec-2017/[/quote]


Thermal generation is expensive.They could try getting an alternative which will bring value.There is no need of using  kshs 12 billion only to get kshs 11 billion.
Overdrafts facilities is now becoming burdensome.They should look at cheaper options.


We will go back to Aggreko soon d'oh! d'oh! d'oh!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
watesh
#10 Posted : Friday, February 23, 2018 7:43:30 PM
Rank: Member


Joined: 8/10/2014
Posts: 732
Location: Kenya
Ericsson wrote:
Pesa Nane wrote:
Ericsson wrote:
Cash flow statement and balance sheet



Company may require government bailout soon.
The debt level and negative cash flow is worrying

Negative cashflow is a worrying sign. I see 5-7 bob printing soon
milken
#11 Posted : Friday, February 23, 2018 8:32:52 PM
Rank: Member


Joined: 4/25/2008
Posts: 191
Location: Nairobi
Do these figures make sense? From the same accounts, customer numbers stand at 6.5M, with monthly standing charges @175,this is over 11B a year. Does it mean that no money is made from electricity sales?
Itari muting'oe ihuragwo ngi ni Ngai
Ebenyo
#12 Posted : Friday, February 23, 2018 9:33:16 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,702
Location: Kitale
Ericsson wrote:
Pesa Nane wrote:
Ericsson wrote:
Cash flow statement and balance sheet



Company may require government bailout soon.
The debt level and negative cash flow is worrying




No need for bailout currently.
The debt level increased by 24% from kshs 229,994,000,000
to kshs 285,153,000,000.
In my opinion this is manageable.
There are some measures the company could do like:
1.Negotiating for cheaper power purchase from sellers e.g kengen and others.
2.They can get fuel at a good price from a good company like kenol and others.
3.Forcing the Gok to pay for transmission and distribution costs of its initiated plans like last mile and street lighting.

Cash flow has increased to negative 7,743,000,000.This is mainly due temporary overdrafts.
They can use the long term debt for these as its repayment will not bring strain to company finances.
Towards the goal of financial freedom
Ericsson
#13 Posted : Saturday, February 24, 2018 8:16:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,214
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Pesa Nane wrote:
Ericsson wrote:
Cash flow statement and balance sheet



Company may require government bailout soon.
The debt level and negative cash flow is worrying




No need for bailout currently.
The debt level increased by 24% from kshs 229,994,000,000
to kshs 285,153,000,000.
In my opinion this is manageable.
There are some measures the company could do like:
1.Negotiating for cheaper power purchase from sellers e.g kengen and others.
2.They can get fuel at a good price from a good company like kenol and others.
3.Forcing the Gok to pay for transmission and distribution costs of its initiated plans like last mile and street lighting.

Cash flow has increased to negative 7,743,000,000.This is mainly due temporary overdrafts.
They can use the long term debt for these as its repayment will not bring strain to company finances.


@ebenyo
Your analysis doesn't make sense.
Your reasoning is from a fantasy world.
Ebenyo
#14 Posted : Saturday, February 24, 2018 8:20:57 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,702
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Pesa Nane wrote:
Ericsson wrote:
Cash flow statement and balance sheet



Company may require government bailout soon.
The debt level and negative cash flow is worrying




No need for bailout currently.
The debt level increased by 24% from kshs 229,994,000,000
to kshs 285,153,000,000.
In my opinion this is manageable.
There are some measures the company could do like:
1.Negotiating for cheaper power purchase from sellers e.g kengen and others.
2.They can get fuel at a good price from a good company like kenol and others.
3.Forcing the Gok to pay for transmission and distribution costs of its initiated plans like last mile and street lighting.

Cash flow has increased to negative 7,743,000,000.This is mainly due temporary overdrafts.
They can use the long term debt for these as its repayment will not bring strain to company finances.


@ebenyo
Your analysis doesn't make sense.
Your reasoning is from a fantasy world.


Laughing out loudly Laughing out loudly Laughing out loudly

They used kshs 12,294,000,000 on fuel to generate thermal.Then they got kshs 11,637,000,000.What is that? They should stop generating thermal.With the 12 bilion they can use 7 billion to ease the cash flow and the balance of 5 billion they can buy cheap power and get more revenue.

Finance income was kshs 52,000,000.These is an avenue which could be grown to generate more income.
Towards the goal of financial freedom
Ericsson
#15 Posted : Saturday, February 24, 2018 9:04:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,214
Location: NAIROBI
This loans of kenya power is there value for money or which projects can one point to where the money has been used.
Ericsson
#16 Posted : Saturday, February 24, 2018 9:06:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,214
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Pesa Nane wrote:
Ericsson wrote:
Cash flow statement and balance sheet



Company may require government bailout soon.
The debt level and negative cash flow is worrying




No need for bailout currently.
The debt level increased by 24% from kshs 229,994,000,000
to kshs 285,153,000,000.
In my opinion this is manageable.
There are some measures the company could do like:
1.Negotiating for cheaper power purchase from sellers e.g kengen and others.
2.They can get fuel at a good price from a good company like kenol and others.
3.Forcing the Gok to pay for transmission and distribution costs of its initiated plans like last mile and street lighting.

Cash flow has increased to negative 7,743,000,000.This is mainly due temporary overdrafts.
They can use the long term debt for these as its repayment will not bring strain to company finances.


@ebenyo
Your analysis doesn't make sense.
Your reasoning is from a fantasy world.


Laughing out loudly Laughing out loudly Laughing out loudly

They used kshs 12,294,000,000 on fuel to generate thermal.Then they got kshs 11,637,000,000.What is that? They should stop generating thermal.With the 12 bilion they can use 7 billion to ease the cash flow and the balance of 5 billion they can buy cheap power and get more revenue.

Finance income was kshs 52,000,000.These is an avenue which could be grown to generate more income.


Seems you don't understand how kenya power operates. You are better off keeping quiet
Ebenyo
#17 Posted : Saturday, February 24, 2018 9:40:03 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,702
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Pesa Nane wrote:
Ericsson wrote:
Cash flow statement and balance sheet



Company may require government bailout soon.
The debt level and negative cash flow is worrying




No need for bailout currently.
The debt level increased by 24% from kshs 229,994,000,000
to kshs 285,153,000,000.
In my opinion this is manageable.
There are some measures the company could do like:
1.Negotiating for cheaper power purchase from sellers e.g kengen and others.
2.They can get fuel at a good price from a good company like kenol and others.
3.Forcing the Gok to pay for transmission and distribution costs of its initiated plans like last mile and street lighting.

Cash flow has increased to negative 7,743,000,000.This is mainly due temporary overdrafts.
They can use the long term debt for these as its repayment will not bring strain to company finances.


@ebenyo
Your analysis doesn't make sense.
Your reasoning is from a fantasy world.


Laughing out loudly Laughing out loudly Laughing out loudly

They used kshs 12,294,000,000 on fuel to generate thermal.Then they got kshs 11,637,000,000.What is that? They should stop generating thermal.With the 12 bilion they can use 7 billion to ease the cash flow and the balance of 5 billion they can buy cheap power and get more revenue.

Finance income was kshs 52,000,000.These is an avenue which could be grown to generate more income.


Seems you don't understand how kenya power operates. You are better off keeping quiet


sawa,wacha tungoje full year results in November.I have been going through their current annual report and will continue to do so to get more details.I now have both full year and hy results which i will also continue to peruse.In the full year results,the transmission and distribution costs were high and now the short loans are becoming a burden.Lets wait and see what next.
Towards the goal of financial freedom
wukan
#18 Posted : Monday, February 26, 2018 12:39:14 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,182
with economic growth at >5% to see electricity sales growing at 2.3% means Kenya power is heading for the ICU. I would expect minimum 8% growth in electricity sales for the debt to make sense.
mlennyma
#19 Posted : Monday, February 26, 2018 1:21:52 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,954
Location: nairobi
wukan wrote:
with economic growth at >5% to see electricity sales growing at 2.3% means Kenya power is heading for the ICU. I would expect minimum 8% growth in electricity sales for the debt to make sense.

politics and business mix up
"Don't let the fear of losing be greater than the excitement of winning."
Kausha
#20 Posted : Monday, February 26, 2018 9:45:53 PM
Rank: Member


Joined: 2/8/2007
Posts: 801
mlennyma wrote:
wukan wrote:
with economic growth at >5% to see electricity sales growing at 2.3% means Kenya power is heading for the ICU. I would expect minimum 8% growth in electricity sales for the debt to make sense.

politics and business mix up


Or may the economic growth is not more than 5%. Power consumption is always a very good proxy for GDP increase unless when there is rationing..So 2.3% sales increase is indeed cause for serious concern.
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