Kenya Power is one of the largest power distribution companies in Kenya, with the Kenyan government being the largest shareholder. Recently, there has been a lot of talk surrounding the ownership of Kenya Power, with many Kenyans believing that Mama Ngina Kenyatta, the mother of President Uhuru Kenyatta, was the majority shareholder. However, it was revealed that the largest shareholder in Kenya Power is actually Kiharu Member of Parliament Ndindi Nyoro.
In his defense, Nyoro stated that the investment was accumulated over time, and his stake in the company is passive. He also explained that he invested in the company based on fundamentals and gut feeling, and that the stock was undervalued, with a PE ratio of just 0.5. He further added that most investors, including himself, are holding the stock for the long term with the hope that the company can streamline its operations and increase its returns.
Nyoro’s investment strategy is guided by Warren Buffet’s mantra of “be greedy when others are fearful and fearful when others are greedy.” He cautioned that there are no guaranteed returns when investing in stocks and that it’s a matter of finding equilibrium between risk and return based on one’s ability to withstand the outcome.
While Nyoro’s investment in Kenya Power may have surprised many, it highlights the importance of investing in the stock market, particularly for retail investors. With the right investment strategy and guidance from experts, anyone can invest in the stock market and potentially reap significant returns.
In conclusion, while there has been a lot of talk surrounding the ownership of Kenya Power, Ndindi Nyoro has defended himself and his investment in the company. His investment strategy is guided by fundamental analysis and gut feeling, and he is holding the stock for the long term with the hope that the company can streamline its operations and increase its returns. This serves as a reminder to Kenyans that anyone can invest in the stock market and potentially reap significant returns, but it’s essential to find equilibrium between risk and return based on one’s ability to withstand the outcome.
