Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Saturday, Mar 23, 2019
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Kenya Airways...why ignore.. [11962]
Bitcoin: Does it have a future ? [995]
Exchange Bar: Results forecast [1836]
Why dustbowl is the future [61]
NIC FY18 [9]
What is the strategic importance of KQ? [31]
411 on dividend and AGM [640]
Kenya Re FY 2018 [20]
BBK FY 2018 final dividend 0.90 net profit up 7% [19]
COOP Bank FY18 [4]
Speculating in cryptocurrencies: A rough approach [232]
Madness at the NSE [1687]
My Picks for 2019 [37]
buy a strong home safe, since govt will tax deposi... [23]
DTB Group FY 2018 [10]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

16 Pages123>»
Kenya Power FY 2017/2018
Ericsson
#1 Posted : Saturday, October 20, 2018 1:28:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,177
Location: NAIROBI
--Profit warning on Today's Nation Newspaper.
Now let's wait for the figures next week.
Link as below;

https://pbs.twimg.com/media/Dp8Uo-LW4AAATU_.jpg

Angelica _ann
#2 Posted : Saturday, October 20, 2018 1:35:45 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,117
This was obvious. 'We' had given our own profit warning kitambo sana hapa wazua.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
tandich
#3 Posted : Saturday, October 20, 2018 1:38:42 PM
Rank: Member


Joined: 5/6/2008
Posts: 121
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.
ombaalbt
#4 Posted : Saturday, October 20, 2018 5:01:07 PM
Rank: New-farer


Joined: 5/19/2014
Posts: 67
Location: Migori
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.



CMA are not very quick to enforce regulations. I wish we could have a body like the SEC
Look at the CMA enforcement report below very little being done


Investigations and Enforcement
Date of enforcement action Licensee Breach Enforcement action taken
1

2.10.2017
Bid Plantation Ltd

Wash trades conducted on Eaagads Shares counter on 23rd and 24th February 2017




Regulatory warning and financial penalty of Kshs 30,850.
2 12.02.2018 Kenya Orchards Ltd

failure to publish interim financial statements for half year ending June 2017 in two newspapers of national circulation




Financial penalty of Kshs 220,000
3 23.02.2018

Mr. Kumar Sheth


Market manipulation of Nairobi Business Ventures Ltd shares




Warning and a financial penalty of Kshs 50,000.
4 8.03.2018 East African Portland Cement Plc Failure to publish a profit warning in respect of financial results for the year ending 30th June 2017.

Financial penalty of Kshs 50,000 for failure to issue a profit warning and regulatory directive to submit plan within 3 months setting out how they want to deal with negative working capital.
Learning to sit on my hands
obiero
#5 Posted : Saturday, October 20, 2018 5:37:46 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,063
Location: nairobi
ombaalbt wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.



CMA are not very quick to enforce regulations. I wish we could have a body like the SEC
Look at the CMA enforcement report below very little being done


Investigations and Enforcement
Date of enforcement action Licensee Breach Enforcement action taken
1

2.10.2017
Bid Plantation Ltd

Wash trades conducted on Eaagads Shares counter on 23rd and 24th February 2017




Regulatory warning and financial penalty of Kshs 30,850.
2 12.02.2018 Kenya Orchards Ltd

failure to publish interim financial statements for half year ending June 2017 in two newspapers of national circulation




Financial penalty of Kshs 220,000
3 23.02.2018

Mr. Kumar Sheth


Market manipulation of Nairobi Business Ventures Ltd shares




Warning and a financial penalty of Kshs 50,000.
4 8.03.2018 East African Portland Cement Plc Failure to publish a profit warning in respect of financial results for the year ending 30th June 2017.

Financial penalty of Kshs 50,000 for failure to issue a profit warning and regulatory directive to submit plan within 3 months setting out how they want to deal with negative working capital.

Jokers paradise
COOP 5,500; KCB 3,700; KQ 96,100
mlennyma
#6 Posted : Saturday, October 20, 2018 11:31:42 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,913
Location: nairobi
Ericsson wrote:
--Profit warning on Today's Nation Newspaper.
Now let's wait for the figures next week.
Link as below;

https://pbs.twimg.com/media/Dp8Uo-LW4AAATU_.jpg


crap,just tell us corruption will kill kpl
"Don't let the fear of losing be greater than the excitement of winning."
guru267
#7 Posted : Sunday, October 21, 2018 12:01:29 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,617
Location: Nairobi
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA
Mark 12:29
Deuteronomy 4:16
obiero
#8 Posted : Sunday, October 21, 2018 4:07:02 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,063
Location: nairobi
guru267 wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA

Sad. In this case, the 24hrs run over a weekend. Meaning an investor is a sitting duck, waiting for the slaughter on 22.10.2018
COOP 5,500; KCB 3,700; KQ 96,100
Fyatu
#9 Posted : Sunday, October 21, 2018 1:52:35 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,321
Location: Nakuru
I wager that even with reduced profits Kenya power will still report a PAT of over 2 billion
Dumb money becomes dumb only when it listens to smart money
tandich
#10 Posted : Sunday, October 21, 2018 1:54:57 PM
Rank: Member


Joined: 5/6/2008
Posts: 121
guru267 wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA


Surely they can’t have only realized this on Friday for a year ended in June 2018| The 24 hours is based on realization by management, not publishing.

obiero
#11 Posted : Sunday, October 21, 2018 2:25:14 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,063
Location: nairobi
tandich wrote:
guru267 wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA


Surely they can’t have only realized this on Friday for a year ended in June 2018| The 24 hours is based on realization by management, not publishing.


I don't like seeing such screenshots. Remind me of the Open Offer fiasco at KQ
COOP 5,500; KCB 3,700; KQ 96,100
sparkly
#12 Posted : Sunday, October 21, 2018 4:55:34 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,698
Location: Enk are Nyirobi
obiero wrote:
tandich wrote:
guru267 wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA


Surely they can’t have only realized this on Friday for a year ended in June 2018| The 24 hours is based on realization by management, not publishing.


I don't like seeing such screenshots. Remind me of the Open Offer fiasco at KQ


Cytonn ranked Kenya Power ranked No. 6/47 in Corporate Governance compliance. Standards must be really low.
Life is short. Live passionately.
Angelica _ann
#13 Posted : Sunday, October 21, 2018 7:37:30 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,117
sparkly wrote:
obiero wrote:
tandich wrote:
guru267 wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA


Surely they can’t have only realized this on Friday for a year ended in June 2018| The 24 hours is based on realization by management, not publishing.


I don't like seeing such screenshots. Remind me of the Open Offer fiasco at KQ


Cytonn ranked Kenya Power ranked No. 6/47 in Corporate Governance compliance. Standards must be really low.


To be fair to Cytonn, this had not happened & therefore will inform the next assessment cycle.

Though I thought there is a flaw in their assessment tool. BAT was ranked lower than some usual suspects which looked not right.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#14 Posted : Sunday, October 21, 2018 8:18:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,177
Location: NAIROBI
Angelica _ann wrote:
sparkly wrote:
obiero wrote:
tandich wrote:
guru267 wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA


Surely they can’t have only realized this on Friday for a year ended in June 2018| The 24 hours is based on realization by management, not publishing.


I don't like seeing such screenshots. Remind me of the Open Offer fiasco at KQ


Cytonn ranked Kenya Power ranked No. 6/47 in Corporate Governance compliance. Standards must be really low.


To be fair to Cytonn, this had not happened & therefore will inform the next assessment cycle.

Though I thought there is a flaw in their assessment tool. BAT was ranked lower than some usual suspects which looked not right.


Kenya power is turning over a new chapter.
The previous management under arap singh cronies has brought it to its knees
VituVingiSana
#15 Posted : Sunday, October 21, 2018 8:50:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,264
Location: Nairobi
Arap Mashamba is taking a break. Atarudi.
Which worries me about KenRe.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
limanika
#16 Posted : Sunday, October 21, 2018 9:05:36 PM
Rank: Veteran


Joined: 9/21/2011
Posts: 1,867
Ericsson wrote:
Angelica _ann wrote:
sparkly wrote:
obiero wrote:
tandich wrote:
guru267 wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.


NSE companies can legally announce a profit warning at least 24 hours before they release results. Blame the law not the CMA


Surely they can’t have only realized this on Friday for a year ended in June 2018| The 24 hours is based on realization by management, not publishing.


I don't like seeing such screenshots. Remind me of the Open Offer fiasco at KQ


Cytonn ranked Kenya Power ranked No. 6/47 in Corporate Governance compliance. Standards must be really low.


To be fair to Cytonn, this had not happened & therefore will inform the next assessment cycle.

Though I thought there is a flaw in their assessment tool. BAT was ranked lower than some usual suspects which looked not right.


Kenya power is turning over a new chapter.
The previous management under arap singh cronies has brought it to its knees

Last time i checked there hasn't been cabinet reshuffle so he's still in charge.
Superprime1
#17 Posted : Monday, October 22, 2018 12:00:10 PM
Rank: Member


Joined: 5/2/2018
Posts: 159
Location: Kinungi
ombaalbt wrote:
tandich wrote:
How can they only realise now that earnings for the year to June will be 25% less. Don't they have management accounts? CMA and Shareholders need to stop tolerating such incompetence and fraud.



CMA are not very quick to enforce regulations. I wish we could have a body like the SEC
Look at the CMA enforcement report below very little being done


Investigations and Enforcement
Date of enforcement action Licensee Breach Enforcement action taken
1

2.10.2017
Bid Plantation Ltd

Wash trades conducted on Eaagads Shares counter on 23rd and 24th February 2017




Regulatory warning and financial penalty of Kshs 30,850.
2 12.02.2018 Kenya Orchards Ltd

failure to publish interim financial statements for half year ending June 2017 in two newspapers of national circulation




Financial penalty of Kshs 220,000
3 23.02.2018

Mr. Kumar Sheth


Market manipulation of Nairobi Business Ventures Ltd shares




Warning and a financial penalty of Kshs 50,000.
4 8.03.2018 East African Portland Cement Plc Failure to publish a profit warning in respect of financial results for the year ending 30th June 2017.

Financial penalty of Kshs 50,000 for failure to issue a profit warning and regulatory directive to submit plan within 3 months setting out how they want to deal with negative working capital.


So long as penalties are this friendly, the rules will always be flouted.

Issuing a profit warning this late is as good as not issuing one at all. CMA is a joke of a regulator. Perhaps the DPP should look into this?(pun-intended)
muandiwambeu
#18 Posted : Monday, October 22, 2018 12:20:23 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,094
Fyatu wrote:
I wager that even with reduced profits Kenya power will still report a PAT of over 2 billion

Very expectant of Fyatu, I wager you planted a seed here.
,Behold, a sower went forth to sow;....
Ebenyo
#19 Posted : Monday, October 22, 2018 12:30:14 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,497
Location: Kitale
VituVingiSana wrote:
Arap Mashamba is taking a break. Atarudi.
Which worries me about KenRe.


We need to research as to which companies were doing well during mtukufu rais moi regime especially here in NSE.
Towards the goal of financial freedom
Ericsson
#20 Posted : Monday, October 22, 2018 12:34:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,177
Location: NAIROBI
Ebenyo wrote:
VituVingiSana wrote:
Arap Mashamba is taking a break. Atarudi.
Which worries me about KenRe.


We need to research as to which companies were doing well during mtukufu rais moi regime especially here in NSE.


Now let's wait for the figures
Users browsing this topic
Guest
16 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2019 Wazua.co.ke. All Rights Reserved.