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MTN Uganda IPO..Whats cutting over there??
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Pure millioneare(PM)
#1 Posted : Thursday, November 04, 2021 4:13:10 PM
Rank: Member


Joined: 11/1/2008
Posts: 38
smile I got contacted bymy old stock broker about MTN uganda IPO. I had not seen any hullaballo going round about it.
I googled and saw there are selling 6.24ksh a piece and also giving free incentive shares.Liar
I saw the price is 13.9 P/E.

IPO seems driven by regulatory requirements....

Is it a deal or ni ngamwaya khemikal?
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My 2 cents
#2 Posted : Thursday, November 04, 2021 4:37:49 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Most IPOs are bullshit. Most not all.
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My 2 cents
#3 Posted : Thursday, November 04, 2021 4:57:21 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38
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My 2 cents
#4 Posted : Thursday, November 04, 2021 4:58:37 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Safaricom and Equity are exceptions
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Ericsson
#5 Posted : Thursday, November 04, 2021 5:42:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
My 2 cents wrote:
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38

CIC 2012 IPO Price 3.50 Current price 2.43

Indeed they are bullshit
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#6 Posted : Thursday, November 04, 2021 5:43:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
My 2 cents wrote:
Safaricom and Equity are exceptions

Coop bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#7 Posted : Thursday, November 04, 2021 8:05:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,499
Location: nairobi
Ericsson wrote:
My 2 cents wrote:
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38

CIC 2012 IPO Price 3.50 Current price 2.43

Indeed they are bullshit

This is fraudulent data. KQ rose to KES 118, KEGN touched KES 41, COOP KES 27 including multiple bonus issues

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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My 2 cents
#8 Posted : Friday, November 05, 2021 9:45:04 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
obiero wrote:
Ericsson wrote:
My 2 cents wrote:
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38

CIC 2012 IPO Price 3.50 Current price 2.43

Indeed they are bullshit

This is fraudulent data. KQ rose to KES 118, KEGN touched KES 41, COOP KES 27 including multiple bonus issues


For past IPO prices - do your research
For current prices - check NSE website

Nothing contentious or fraudulent here.
We are talking IPO prices versus current prices.
NOT high-lows
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cyruskulei
#9 Posted : Friday, November 05, 2021 10:36:05 AM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
Ericsson wrote:
My 2 cents wrote:
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38

CIC 2012 IPO Price 3.50 Current price 2.43

Indeed they are bullshit



Sad Sad Sad Sad Sad
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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obiero
#10 Posted : Sunday, November 07, 2021 7:39:01 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,499
Location: nairobi
My 2 cents wrote:
obiero wrote:
Ericsson wrote:
My 2 cents wrote:
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38

CIC 2012 IPO Price 3.50 Current price 2.43

Indeed they are bullshit

This is fraudulent data. KQ rose to KES 118, KEGN touched KES 41, COOP KES 27 including multiple bonus issues


For past IPO prices - do your research
For current prices - check NSE website

Nothing contentious or fraudulent here.
We are talking IPO prices versus current prices.
NOT high-lows

How on earth would you say that IPOs are generally BAD, by current price to listing price comparison. What is that?

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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My 2 cents
#11 Posted : Sunday, November 07, 2021 9:12:07 PM
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Joined: 6/2/2010
Posts: 1,066
IPOs are by design priced to benefit issuers rather than buyers.
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mlennyma
#12 Posted : Monday, November 08, 2021 1:29:52 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,182
Location: nairobi
My 2 cents wrote:
IPOs are by design priced to benefit issuers rather than buyers.


I think I can only participate in a central bank of Kenya IPO Now
"Don't let the fear of losing be greater than the excitement of winning."
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Kenyan Oracle
#13 Posted : Monday, November 08, 2021 3:03:53 PM
Rank: Member


Joined: 5/31/2011
Posts: 250
My 2 cents wrote:
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38


Seems I was lucky to make some money on these IPOs

Kengen at 11.90 - Sold at 35/-
Scangroup at 10.46 - Sold at 20/-
NSE at 9.50 and - Sold at 23/-
Coop at 6 and sold at 17
You lose money chasing women, but you never lose women chasing money - NAS
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obiero
#14 Posted : Wednesday, November 24, 2021 6:43:57 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,499
Location: nairobi
Kenyan Oracle wrote:
My 2 cents wrote:
KenGen 2006 IPO Price 11.90 Current Price 4.72
KQ 1996 IPO Price 11.25 Current Price suspended
Mumias 2001 IPO Price 6.25 Current Price suspended
Eveready 2006 IPO Price 9.50 Current Price 0.97
Scangroup 2006 IPO Price 10.45 Current Price 4.90
Britam 2011 IPO Price 9.00 Current Price 7.70
NSE 2014 IPO Price 9.50 Current Price 8.38


Seems I was lucky to make some money on these IPOs

Kengen at 11.90 - Sold at 35/-
Scangroup at 10.46 - Sold at 20/-
NSE at 9.50 and - Sold at 23/-
Coop at 6 and sold at 17

I also reaped huge in COOP, KENRE, SBU, BoK.. Bought 15,000 MTNU today, fortune favors the bold

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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obiero
#15 Posted : Thursday, November 25, 2021 9:43:14 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,499
Location: nairobi
Pure millioneare(PM) wrote:
smile I got contacted bymy old stock broker about MTN uganda IPO. I had not seen any hullaballo going round about it.
I googled and saw there are selling 6.24ksh a piece and also giving free incentive shares.Liar
I saw the price is 13.9 P/E.

IPO seems driven by regulatory requirements....

Is it a deal or ni ngamwaya khemikal?

We await the listing

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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obiero
#16 Posted : Thursday, December 02, 2021 7:59:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,499
Location: nairobi
obiero wrote:
Pure millioneare(PM) wrote:
smile I got contacted bymy old stock broker about MTN uganda IPO. I had not seen any hullaballo going round about it.
I googled and saw there are selling 6.24ksh a piece and also giving free incentive shares.Liar
I saw the price is 13.9 P/E.

IPO seems driven by regulatory requirements....

Is it a deal or ni ngamwaya khemikal?

We await the listing


HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#17 Posted : Friday, December 03, 2021 8:59:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
64.8% subscription
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#18 Posted : Friday, December 03, 2021 9:39:42 PM
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Joined: 11/21/2018
Posts: 564
Location: Britain
Ericsson wrote:
64.8% subscription


Does this signify lack of confidence in the company or lack of liquidity in the market?
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Ericsson
#19 Posted : Saturday, December 04, 2021 8:54:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
Queen wrote:
Ericsson wrote:
64.8% subscription


Does this signify lack of confidence in the company or lack of liquidity in the market?


Top Ten Shareholders:

Following the Offer and immediately prior to the Listing, the top ten shareholders of MTN Uganda are as follows:


Shareholder Number of Issued Shares Percentage Shareholding
MTN International (Mauritius) Limited 18 594 809 664 83.05%
National Social Security Fund 1 980 000 000 8.84%
Charles Mbire 892 230 775 3.99%
National Social Security Fund – Sanlam 58 590 000 0.26%
Bank of Uganda Defined Benefits Scheme – Sanlam 42 000 000 0.19%
National Social Security Fund (Kenya) – Sanlam 39 180 225 0.18%
Duet Africa Opportunities Master Fund IC 30 000 000 0.13%
EFG Hermes Oman LLC 26 855 500 0.12%
First Rand Bank Limited 22 000 000 0.10%
Uganda Revenue Authority Staff Benefit Scheme – Sanlam 18 900 000 0.08%
Other shareholders 684 478 075 3.06%
Total 22 389 044 239 100%



Lack of confidence in the company.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#20 Posted : Saturday, December 04, 2021 8:58:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
Queen wrote:
Ericsson wrote:
64.8% subscription


Does this signify lack of confidence in the company or lack of liquidity in the market?


Results of the Offer:

Offer Shares 4 477 808 848 ordinary shares
Number of Offer Shares allocated (Sale Shares and Incentive Shares) 2 902 003 800 ordinary shares
Total number of Applicants for Offer Shares 21 394
Total Offer Proceeds UGX 535 939 900 000
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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