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Is Uganda's Umeme IPO a Bargain?
mwekez@ji
#81 Posted : Friday, May 03, 2013 11:43:30 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
the deal wrote:
mwekez@ji wrote:
the deal wrote:
Where are the haters? It closed at UGX345 today. Waiting for bandwagoners to sing praise soon.


25% gain only since the ipo in Nov 2012. At NSE, over the same time, 10 companies have gained by over 50%, 7 companies by >35-50% and 9 companies by >26-35%. .... what were you asking again?

LOL don't compare Umeme to the NSE where it has not even traded yet...compare apple to apple...USE Vs NSE...Umeme Vs Kenya Power..so how has Umeme performed compared to Kenya Power?...btwn Umeme just got started...more headroom going forward....offcourse I see you joining the bandwagon soon...
Unlike @thedeal I am not the sharpest tool in the shed. What was the exchange rate of UGX/KES at the time of listing of UMEME on the USE?

1) What was UMEME's price in KES at the time of listing?
2) What is UMEME's price in KES today?


CBK KES/UGX on 07.11.2012 - 30.2316
CBK KES/UGX on 03.05.2013 - 30.6250

IPO price of UGX 275 on 07.11.2012 = KES 9.10
Current market price of UGX 345 = KES 11.27

Capital gains in UGX terms - 25%
Capital gains in KES terms - 24%

NOTE: KES/UGX has fluctuated over the period as shown by the following graph but the current rate is similar to the one that was at time of IPO. Also to note is that actual buying/selling KES/UGX rate would differ from the said CBK mean rates depending on ones banker

1 Year KES/UGX chart >>> http://www.xe.com/currencychart...S&to=UGX&view=1Y
mwekez@ji
#82 Posted : Friday, May 03, 2013 11:59:46 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
VituVingiSana wrote:
the deal wrote:
mwekez@ji wrote:
the deal wrote:
Where are the haters? It closed at UGX345 today. Waiting for bandwagoners to sing praise soon.


25% gain only since the ipo in Nov 2012. At NSE, over the same time, 10 companies have gained by over 50%, 7 companies by >35-50% and 9 companies by >26-35%. .... what were you asking again?

LOL don't compare Umeme to the NSE where it has not even traded yet...compare apple to apple...USE Vs NSE...Umeme Vs Kenya Power..so how has Umeme performed compared to Kenya Power?...btwn Umeme just got started...more headroom going forward....offcourse I see you joining the bandwagon soon...
Unlike @thedeal I am not the sharpest tool in the shed. What was the exchange rate of UGX/KES at the time of listing of UMEME on the USE?

1) What was UMEME's price in KES at the time of listing?
2) What is UMEME's price in KES today?


CBK KES/UGX on 07.11.2012 - 30.2316
CBK KES/UGX on 03.05.2013 - 30.6250

IPO price of UGX 275 on 07.11.2012 = KES 9.10
Current market price of UGX 345 = KES 11.27

Capital gains in UGX terms - 25%
Capital gains in KES terms - 24%

NOTE: KES/UGX has fluctuated over the period as shown by the following graph but the current rate is similar to the one that was at time of IPO. Also to note is that actual buying/selling KES/UGX rate would differ from the said CBK mean rates depending on ones banker

1 Year KES/UGX chart >>> http://www.xe.com/currencychart...S&to=UGX&view=1Y


To elaborate the point that the applicable KES/UGX that was applied depended on ones bankers, those who bought the shares at ipo time via dyer&blair paid KES 10.00 per share
Cde Monomotapa
#83 Posted : Saturday, May 04, 2013 1:03:05 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
I see Wazua is the vendetta spot nowadays smile
VituVingiSana
#84 Posted : Saturday, May 04, 2013 8:50:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,068
Location: Nairobi
mwekez@ji wrote:
mwekez@ji wrote:
VituVingiSana wrote:
the deal wrote:
mwekez@ji wrote:
the deal wrote:
Where are the haters? It closed at UGX345 today. Waiting for bandwagoners to sing praise soon.


25% gain only since the ipo in Nov 2012. At NSE, over the same time, 10 companies have gained by over 50%, 7 companies by >35-50% and 9 companies by >26-35%. .... what were you asking again?

LOL don't compare Umeme to the NSE where it has not even traded yet...compare apple to apple...USE Vs NSE...Umeme Vs Kenya Power..so how has Umeme performed compared to Kenya Power?...btwn Umeme just got started...more headroom going forward....offcourse I see you joining the bandwagon soon...
Unlike @thedeal I am not the sharpest tool in the shed. What was the exchange rate of UGX/KES at the time of listing of UMEME on the USE?

1) What was UMEME's price in KES at the time of listing?
2) What is UMEME's price in KES today?


CBK KES/UGX on 07.11.2012 - 30.2316
CBK KES/UGX on 03.05.2013 - 30.6250

IPO price of UGX 275 on 07.11.2012 = KES 9.10
Current market price of UGX 345 = KES 11.27

Capital gains in UGX terms - 25%
Capital gains in KES terms - 24%

NOTE: KES/UGX has fluctuated over the period as shown by the following graph but the current rate is similar to the one that was at time of IPO. Also to note is that actual buying/selling KES/UGX rate would differ from the said CBK mean rates depending on ones banker

1 Year KES/UGX chart >>> http://www.xe.com/currencychart...S&to=UGX&view=1Y


To elaborate the point that the applicable KES/UGX that was applied depended on ones bankers, those who bought the shares at ipo time via dyer&blair paid KES 10.00 per share
Hmmm, I wonder if @thedeal would have done a presentation done as well as @mwekezaji Applause Applause Applause

So after all the ups & downs... the gain for an investor via D&B = 11.27% & that assumes CBK interbank rates for the KES/UGX. If the bank [as is likely] has a exchange rate that is unfavorable to the investor then it just gets worse!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#85 Posted : Saturday, May 04, 2013 9:17:52 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
mwekez@ji wrote:
mwekez@ji wrote:
VituVingiSana wrote:
the deal wrote:
mwekez@ji wrote:
the deal wrote:
Where are the haters? It closed at UGX345 today. Waiting for bandwagoners to sing praise soon.


25% gain only since the ipo in Nov 2012. At NSE, over the same time, 10 companies have gained by over 50%, 7 companies by >35-50% and 9 companies by >26-35%. .... what were you asking again?

LOL don't compare Umeme to the NSE where it has not even traded yet...compare apple to apple...USE Vs NSE...Umeme Vs Kenya Power..so how has Umeme performed compared to Kenya Power?...btwn Umeme just got started...more headroom going forward....offcourse I see you joining the bandwagon soon...
Unlike @thedeal I am not the sharpest tool in the shed. What was the exchange rate of UGX/KES at the time of listing of UMEME on the USE?

1) What was UMEME's price in KES at the time of listing?
2) What is UMEME's price in KES today?


CBK KES/UGX on 07.11.2012 - 30.2316
CBK KES/UGX on 03.05.2013 - 30.6250

IPO price of UGX 275 on 07.11.2012 = KES 9.10
Current market price of UGX 345 = KES 11.27

Capital gains in UGX terms - 25%
Capital gains in KES terms - 24%

NOTE: KES/UGX has fluctuated over the period as shown by the following graph but the current rate is similar to the one that was at time of IPO. Also to note is that actual buying/selling KES/UGX rate would differ from the said CBK mean rates depending on ones banker

1 Year KES/UGX chart >>> http://www.xe.com/currencychart...S&to=UGX&view=1Y


To elaborate the point that the applicable KES/UGX that was applied depended on ones bankers, those who bought the shares at ipo time via dyer&blair paid KES 10.00 per share
Hmmm, I wonder if @thedeal would have done a presentation done as well as @mwekezaji Applause Applause Applause

So after all the ups & downs... the gain for an investor via D&B = 11.27%
& that assumes CBK interbank rates for the KES/UGX. If the bank [as is likely] has a exchange rate that is unfavorable to the investor then it just gets worse!

I never bought from D&B...I actually have shares I bought below the IPO price after listing because of the exchange ratesmile
hisah
#86 Posted : Sunday, May 05, 2013 5:18:57 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:

Still stuck here 2 months later - http://www.monitor.co.ug...2/-/u260uj/-/index.html

Interesting fight
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#87 Posted : Monday, May 06, 2013 5:27:05 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
NSSF UG speaks - http://www.monitor.co.ug...4/-/474me3z/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
the deal
#88 Posted : Friday, May 10, 2013 6:23:30 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Up 9% today to close at UGX375 moving a blockbuster 35mn shares.
Mastermind
#89 Posted : Wednesday, July 03, 2013 6:01:50 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
Quote:
Uganda’s power distributor is planning to raise $170 million in debt to finance the country’s electricity distribution system capital expenditures over the next five years.
The disclosures are contained in a debt proposal arrangement by the International Finance Corporation (IFC), the investing arm of the World Bank.

http://www.theeastafrica...60/-/5mo4t6/-/index.html
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
mwekez@ji
#90 Posted : Thursday, August 01, 2013 12:10:57 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Umeme makes first trade at NSE, electronic share transfer goes live

Uganda power distributor’s shares traded for the very first time on Wednesday at the Nairobi bourse, following the activation of the regional inter-depository transfer mechanism (RITM).

Umeme’s shares were cross-listed at the Nairobi Securities Exchange (NSE) seven months ago but the lack of an appropriate infrastructure to allow for the quick transfer of shares has hindered trading, despite the counter being one of the most traded at the Uganda Securities Exchange (USE).

The counter saw a trade of 1,000 shares at the NSE at Ksh13 ($0.15) compared to 125,059 shares traded at the USE at an average price of Ush360 ($0.14).

Apart from increasing the liquidity of cross-listed shares and providing exposure for the companies, investors will also be able to take advantage of pricing differences in the different markets, if they can make a profit from the strategy.

.....................................................................................................................................................

Is there a platform that give live prices of counters at USE, DSE and RSE?
maka
#91 Posted : Thursday, August 01, 2013 12:17:59 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mwekez@ji wrote:
Umeme makes first trade at NSE, electronic share transfer goes live

Uganda power distributor’s shares traded for the very first time on Wednesday at the Nairobi bourse, following the activation of the regional inter-depository transfer mechanism (RITM).

Umeme’s shares were cross-listed at the Nairobi Securities Exchange (NSE) seven months ago but the lack of an appropriate infrastructure to allow for the quick transfer of shares has hindered trading, despite the counter being one of the most traded at the Uganda Securities Exchange (USE).

The counter saw a trade of 1,000 shares at the NSE at Ksh13 ($0.15) compared to 125,059 shares traded at the USE at an average price of Ush360 ($0.14).

Apart from increasing the liquidity of cross-listed shares and providing exposure for the companies, investors will also be able to take advantage of pricing differences in the different markets, if they can make a profit from the strategy.

.....................................................................................................................................................

Is there a platform that give live prices of counters at USE, DSE and RSE?


Triangular arbitrage?
possunt quia posse videntur
mwekez@ji
#92 Posted : Thursday, August 01, 2013 12:33:55 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
maka wrote:
mwekez@ji wrote:
Umeme makes first trade at NSE, electronic share transfer goes live

Uganda power distributor’s shares traded for the very first time on Wednesday at the Nairobi bourse, following the activation of the regional inter-depository transfer mechanism (RITM).

Umeme’s shares were cross-listed at the Nairobi Securities Exchange (NSE) seven months ago but the lack of an appropriate infrastructure to allow for the quick transfer of shares has hindered trading, despite the counter being one of the most traded at the Uganda Securities Exchange (USE).

The counter saw a trade of 1,000 shares at the NSE at Ksh13 ($0.15) compared to 125,059 shares traded at the USE at an average price of Ush360 ($0.14).

Apart from increasing the liquidity of cross-listed shares and providing exposure for the companies, investors will also be able to take advantage of pricing differences in the different markets, if they can make a profit from the strategy.

.....................................................................................................................................................

Is there a platform that give live prices of counters at USE, DSE and RSE?


Triangular arbitrage?


That must be the technical term for this. Looks possible in these markets now that regional inter-depository transfer mechanism (RITM) has been activated. We however need live feed for counters at USE, DSE and RSE. My thoughts.
the deal
#93 Posted : Thursday, August 01, 2013 7:09:05 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Yeaah debut trade at the NSE is 44% higher than IPO priceApplause Applause Applause Applause
obiero
#94 Posted : Thursday, June 29, 2023 10:11:46 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,478
Location: nairobi
Cde Monomotapa wrote:
Be patient. Eish...

I miss this man.. The current share price of Umeme Limited (UMME) is KES 14.55. UMME closed its last trading day (Thursday, June 29, 2023) at 14.55 KES per share on the Nairobi Securities Exchange (NSE), recording a 9.9% drop from its previous closing price of 16.15 KES. Umeme began the year with a share price of 7.42 KES and has since gained 96.1% on that price valuation, ranking it first on the NSE in terms of year-to-date performance.

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#95 Posted : Thursday, June 29, 2023 10:19:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,478
Location: nairobi
Cde Monomotapa wrote:
Be patient. Eish...

I miss this man.. The current share price of Umeme Limited (UMME) is KES 14.55. UMME closed its last trading day (Thursday, June 29, 2023) at 14.55 KES per share on the Nairobi Securities Exchange (NSE), recording a 9.9% drop from its previous closing price of 16.15 KES. Umeme began the year with a share price of 7.42 KES and has since gained 96.1% on that price valuation, ranking it first on the NSE in terms of year-to-date performance.

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
watesh
#96 Posted : Friday, July 07, 2023 10:42:13 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 958
Location: Kenya
obiero wrote:
Cde Monomotapa wrote:
Be patient. Eish...

I miss this man.. The current share price of Umeme Limited (UMME) is KES 14.55. UMME closed its last trading day (Thursday, June 29, 2023) at 14.55 KES per share on the Nairobi Securities Exchange (NSE), recording a 9.9% drop from its previous closing price of 16.15 KES. Umeme began the year with a share price of 7.42 KES and has since gained 96.1% on that price valuation, ranking it first on the NSE in terms of year-to-date performance.


New entry point window has just opened. Price is at 10 with 2 and a quarter financial years to go. They estimate currently buyout amount to have a floor of around Ksh20 per share. In the AGM the chairman stated they received $50 million dollars and are thinking go doing interim dividends.
heri
#97 Posted : Tuesday, September 05, 2023 9:39:47 AM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
watesh wrote:
obiero wrote:
Cde Monomotapa wrote:
Be patient. Eish...

I miss this man.. The current share price of Umeme Limited (UMME) is KES 14.55. UMME closed its last trading day (Thursday, June 29, 2023) at 14.55 KES per share on the Nairobi Securities Exchange (NSE), recording a 9.9% drop from its previous closing price of 16.15 KES. Umeme began the year with a share price of 7.42 KES and has since gained 96.1% on that price valuation, ranking it first on the NSE in terms of year-to-date performance.


New entry point window has just opened. Price is at 10 with 2 and a quarter financial years to go. They estimate currently buyout amount to have a floor of around Ksh20 per share. In the AGM the chairman stated they received $50 million dollars and are thinking go doing interim dividends.


Buyout of 20 would be a good amount considering the current price
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