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Is Uganda's Umeme IPO a Bargain?
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mwekez@ji
#41 Posted : Thursday, December 13, 2012 9:06:12 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
link? to pdf copy of the Q3 2012 results we crunch the numbers
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mwekez@ji
#42 Posted : Friday, December 14, 2012 5:19:02 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
So, those words on the press release are what UMEME is calling quarterly report. No numbersᶗ Talk of courting press more than the shareholders. Poor shareholders
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the deal
#43 Posted : Friday, December 14, 2012 7:24:10 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwekez@ji wrote:
So, those words on the press release are what UMEME is calling quarterly report. No numbersᶗ Talk of courting press more than the shareholders. Poor shareholders

I think it was time you took your ignorance somewhere else...I see nothing wrong with Umeme giving shareholders an update...their level of disclosure & investor relations has been top notch thus far...FYI theyre not oblidged to produce Quarterly results theyre not a bank!
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mwekez@ji
#44 Posted : Friday, December 14, 2012 7:48:02 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
mwekez@ji wrote:
So, those words on the press release are what UMEME is calling quarterly report. No numbersᶗ Talk of courting press more than the shareholders. Poor shareholders

I think it was time you took your ignorance somewhere else...I see nothing wrong with Umeme giving shareholders an update...their level of disclosure & investor relations has been top notch thus far...FYI theyre not oblidged to produce Quarterly results theyre not a bank!


Look at the pot calling the kettle black .... truly ignorant .... you should know what is top notch quarterly disclosure .... its not that press release .... n'way, we are all in this for the money, welcome to nse (crosslist)
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VituVingiSana
#45 Posted : Friday, December 14, 2012 12:55:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
"Umeme announces strong operating and financial results as it prepares for its cross listing on the Nairobi Securities Exchange"

http://umeme.co.ug/downl...ross-list%20release.pdf

Are these guys serious? This is a fluff piece without sufficient details! It would have made sense to publish proper quarterly results so folks can analyze them. Or is that why it has not been published?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, December 14, 2012 12:56 PM | Reason: Not specified
VituVingiSana
#46 Posted : Friday, December 14, 2012 12:58:59 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
Do the shares need to be 'immobilized' or 'transferred' to CDSC/Kenya before they can be sold?

BIDS 50,000
Quantity Price Splits Time
10,000 8.75 1 11:04:21
25,000 2.05 1 11:04:21
15,000 2.00 2 11:04:21
- - - -
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ASKS -
Quantity Price Splits Time
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TRADES
Quantity Price Time
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Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#47 Posted : Friday, December 14, 2012 1:51:16 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
Do the shares need to be 'immobilized' or 'transferred' to CDSC/Kenya before they can be sold?

BIDS 50,000
Quantity Price Splits Time
10,000 8.75 1 11:04:21
25,000 2.05 1 11:04:21
15,000 2.00 2 11:04:21
- - - -
- - - -
ASKS -
Quantity Price Splits Time
- - - -
- - - -
- - - -
- - - -
- - - -
TRADES
Quantity Price Time
- - -
- - -
- - -
- - -
- - -


I've just noticed the Umeme ticker on RichLive. Has the crosslisting already happened?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#48 Posted : Friday, December 14, 2012 2:06:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
hisah wrote:
VituVingiSana wrote:
Do the shares need to be 'immobilized' or 'transferred' to CDSC/Kenya before they can be sold?

BIDS 50,000
Quantity Price Splits Time
10,000 8.75 1 11:04:21
25,000 2.05 1 11:04:21
15,000 2.00 2 11:04:21
- - - -
- - - -
ASKS -
Quantity Price Splits Time
- - - -
- - - -
- - - -
- - - -
- - - -
TRADES
Quantity Price Time
- - -
- - -
- - -
- - -
- - -


I've just noticed the Umeme ticker on RichLive. Has the crosslisting already happened?
Yes but apparently the shares have not been uploaded on CDSC so you can buy but not sell!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#49 Posted : Monday, December 17, 2012 10:23:45 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Umeme cross listing Informantion Memorandum

http://umeme.co.ug/downloads/Um...%2012th%20dec%202012.pdf
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  | | Edit by user: Monday, December 17, 2012 10:29 AM | Reason: Not specified
mwekez@ji
#50 Posted : Monday, December 17, 2012 10:27:38 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
According to the information memorandum, 34.33 million shares or 2.11 per cent of issued shares of the power distributor were held by individuals with Kenyan addresses. They have to open electronic accounts to be eligible for allocation.

These investors will now transfer those shares, which are currently in electronic form, into a physical certificate, bring the document to Nairobi and convert them again into electronic form so as to trade.

Peter Muthaura, acting chief executive officer Capital Markets Authority, said the regulators were reviewing the structure and implementation could start by the end of the first quarter of next year.

http://www.businessdailyafrica....54/-/ubon24/-/index.html
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