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27 Pages«<252627
Kenya Power - what's the latest?
VituVingiSana
#521 Posted : Thursday, July 19, 2018 10:44:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
Things are going well at KPLC
https://www.standardmedi...h-400m-dues-for-projects
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#522 Posted : Thursday, July 19, 2018 11:06:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
[quote=VituVingiSana]Things are going well at KPLC
https://www.standardmedi...-400m-dues-for-projects[/quote]

Contractors from North Rift demonstrating in Eldoret town.
These people
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ali Baba
#523 Posted : Thursday, July 19, 2018 1:11:01 PM
Rank: Member


Joined: 8/29/2008
Posts: 522
Ericsson wrote:
[quote=VituVingiSana]Things are going well at KPLC
https://www.standardmedi...-400m-dues-for-projects[/quote]

Contractors from North Rift demonstrating in Eldoret town.
These people

There are KPLC contractors here."these people" will start demonstrating in Nairobi soon.Cheers wazuans.
Ebenyo
#524 Posted : Thursday, July 19, 2018 5:39:45 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,879
Location: Kitale
[quote=VituVingiSana]Things are going well at KPLC
https://www.standardmedi...-400m-dues-for-projects[/quote]


Its good these guys are now coming out at the right time.When the cases have just began,they will do well to explain in court some of the dubious contracts they were awarded.
Towards the goal of financial freedom
muandiwambeu
#525 Posted : Thursday, July 19, 2018 7:40:04 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,230
[quote=VituVingiSana]Things are going well at KPLC
https://www.standardmedi...-400m-dues-for-projects[/quote]
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly , not with all this wwwwhash. smile smile smile smile Pray Pray Pray ,,. My green bucks are stuck inside the damn machine,can somebody hint me. Nah.Drool
,Behold, a sower went forth to sow;....
VituVingiSana
#526 Posted : Friday, July 20, 2018 11:23:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
VituVingiSana wrote:
I hope folks understood that I was being sarcastic! Laughing out loudly Laughing out loudly Laughing out loudly

After the payment drama with @sparkly [Safcom has made it harder to make payments using that method] and non-payment from @Obiero ... no more bets.

Nevertheless, I wager that there is a LOT more rot in KPLC from the supply of poles, cables, conductors, etc that will far exceed the KES 400mn lost from the purchase of poor quality transformers!

Then there are liabilities not recorded or acknowledged. As well as assets that could be missing.

If a proper audit of all assets and liabilities is done, I expect a hit to the P&L and Balance Sheet.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#527 Posted : Monday, July 23, 2018 4:53:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
VituVingiSana wrote:
VituVingiSana wrote:
I hope folks understood that I was being sarcastic! Laughing out loudly Laughing out loudly Laughing out loudly

After the payment drama with @sparkly [Safcom has made it harder to make payments using that method] and non-payment from @Obiero ... no more bets.

Nevertheless, I wager that there is a LOT more rot in KPLC from the supply of poles, cables, conductors, etc that will far exceed the KES 400mn lost from the purchase of poor quality transformers!

Then there are liabilities not recorded or acknowledged. As well as assets that could be missing.

If a proper audit of all assets and liabilities is done, I expect a hit to the P&L and Balance Sheet.


Profit will be there but the cashflow statement has received a serious hammering/battering
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
target1360
#528 Posted : Sunday, December 02, 2018 9:32:09 PM
Rank: Member


Joined: 5/14/2014
Posts: 286
Location: nairobi
target1360 wrote:
105 billion debt and Gava control isnot appealing to me.only reason one would buy this is for empire building and ego massage




Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you

My views remain
I find satisfaction in owning great business,not trading them
target1360
#529 Posted : Sunday, December 02, 2018 9:34:25 PM
Rank: Member


Joined: 5/14/2014
Posts: 286
Location: nairobi
target1360 wrote:
moneydust wrote:
mlennyma wrote:
target1360 wrote:
105 billion debt and Gava control isnot appealing to me.only reason one would buy this is for empire building and ego massage

this theories of fear have denied people easy gains,someone is holding kplc bought at 18bob and here Iam only advising an exit of 12-14...is the debt apportioned to you when you make gains and exit?


That's very true..too much of fear makes one a poor investor.I have staked my everything on this share.
How can you be wrong with a monopoly,dealing in a precious commodity and beneficiary of govt grants.
At this rock bottom prices really, where is the risk?


Lets say the debt and government appointed management makes kplc an investment that is beyond my circle of competence.

Good luck.


My views remain. My apologies @ Moneydust
I find satisfaction in owning great business,not trading them
target1360
#530 Posted : Sunday, December 02, 2018 9:36:05 PM
Rank: Member


Joined: 5/14/2014
Posts: 286
Location: nairobi
target1360 wrote:
does kplc realy have absolute pricing power like a real monopoly?
i don expect kplc to ever make super normal profits in the fore seeable future.
The earning and dividends are tiny.
The management is below par due to political influence
high investment costs for ppe.
cleary kplc is simply beyond me




Shame on you Shame on you Shame on you Shame on you Shame on you
I find satisfaction in owning great business,not trading them
maka
#531 Posted : Thursday, November 12, 2020 10:03:52 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,365
Location: Nairobi
maka wrote:
muandiwambeu wrote:
Angelica _ann wrote:
[quote=VituVingiSana]KPLC lied to prez re: last mile says Standard. CEO is Tarus.
KPC drama in 1.2bn SCADA project. Former CEO Tanui. Current CEO Sang.

I continue to stay far away from from GoK owned, controlled or heavily influenced firms.
My sole exception is KenRe but I watch it carefully. Any sign of funny business and I cut and run.
Safaricom, despite GoK Treasury's 25%, is controlled by Vodafone (40%). That has saved the firm from being a cash cow for connected folks.

Thieves, Thieves, Thieves ............ glad i bailed out

I did call this a peny stock on fundamentals. Those who are looking to what was is and is to come should know the pay cheque is booked by allien bound for mars. Kplc will in less than three years declare unsurmountable shocks rivalling kqs 2014 or 2015. Do figure or Wait and see how shxt do hit the fan.


Reminded me of this story...

Kenya Power has taken loans worth Sh105 billion, as it accumulates debt to fund its large infrastructure projects. A breakdown of the loans in its 2016 financial statements shows that the company has been most aggressive in accumulating credit in the last three years, doubling its debt from the Sh53 billion it had at the end of June 2014. The loan uptake has seen interest rates emerge as one of the main risks for the company to watch out for...


https://www.standardmedi...funds-for-mega-projects[/quote]


It was written....
possunt quia posse videntur
Ericsson
#532 Posted : Thursday, November 12, 2020 10:20:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
maka wrote:
maka wrote:
muandiwambeu wrote:
Angelica _ann wrote:
[quote=VituVingiSana]KPLC lied to prez re: last mile says Standard. CEO is Tarus.
KPC drama in 1.2bn SCADA project. Former CEO Tanui. Current CEO Sang.

I continue to stay far away from from GoK owned, controlled or heavily influenced firms.
My sole exception is KenRe but I watch it carefully. Any sign of funny business and I cut and run.
Safaricom, despite GoK Treasury's 25%, is controlled by Vodafone (40%). That has saved the firm from being a cash cow for connected folks.

Thieves, Thieves, Thieves ............ glad i bailed out

I did call this a peny stock on fundamentals. Those who are looking to what was is and is to come should know the pay cheque is booked by allien bound for mars. Kplc will in less than three years declare unsurmountable shocks rivalling kqs 2014 or 2015. Do figure or Wait and see how shxt do hit the fan.


Reminded me of this story...

Kenya Power has taken loans worth Sh105 billion, as it accumulates debt to fund its large infrastructure projects. A breakdown of the loans in its 2016 financial statements shows that the company has been most aggressive in accumulating credit in the last three years, doubling its debt from the Sh53 billion it had at the end of June 2014. The loan uptake has seen interest rates emerge as one of the main risks for the company to watch out for...


https://www.standardmedi...funds-for-mega-projects[/quote]


It was written....


And that was the Jubilee manifesto
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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