wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

16 Pages<1234>»
UAP Group set to enter OTC shares market
Options
Previous Topic · Next Topic
mwekez@ji
#11 Posted : Friday, November 09, 2012 8:08:17 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
UAP had the highest underwriting profit in the industry in year 2011 amounting to KES 501,226,000. However, their medical insurance was a thorn in their flesh with underwriting loss amounting to KES 81,817,000
Back to top
  |
mwekez@ji
#12 Posted : Friday, November 09, 2012 8:37:33 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Layman wrote:

By all standards I think CIC Insurance is a better investment than UAP, unless they (UAP) have been doctoring their accounts coz they dont look better as such. The only problem with CIC or the mistake that CIC made was that they created too many shares (3 billion of them hence the suppressed share price.


Which standards are you talking about?

>UAP insurance business is doing better that CICs (Check their underwriting profits)
>UAP has a far better investment portfolio than the bills/bonds/FDRs of CIC
>UAP is has a regional footprint, CIC does not
*The metric i see CIC beating UAP is on ownership (I dont like Kirubi and Centum who are top shareholders in UAP)
Back to top
  |
Mucene
#13 Posted : Friday, November 09, 2012 8:37:44 PM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
UAP, which is a parent company of several insurance and financial service firms in Kenya, Uganda, and Sudan, also announced a public share sale intended to raise Sh750 million.

The sale of up to 12.5 million shares will open on Wednesday next week, just a few months after the firm announced that it had raised Sh4.7 billion in convertible bonds from a consortium of private equity funds.



@60 isn't it a bit expensive

http://www.businessdaily...6/-/juhydhz/-/index.html
If you don't want to go to plan B have a good plan A.
Back to top
  | | Edit by user: Friday, November 09, 2012 8:39 PM | Reason: Not specified
mwekez@ji
#14 Posted : Friday, November 09, 2012 9:02:43 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
NBV - KES 38.72
EPS - KES 7.40

at the price of KES 60 we get:
P/B - 1.55x (compares well with industry)
P/E - 8.11x (expensive than industry but cheaper than CIC)
Back to top
  |
jerry
#15 Posted : Friday, November 09, 2012 10:36:24 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mwekez@ji wrote:
NBV - KES 38.72
EPS - KES 7.40

at the price of KES 60 we get:
P/B - 1.55x (compares well with industry)
P/E - 8.11x (expensive than industry but cheaper than CIC)

No hope of a split any time soon but I'm going for it anyway. What's the minimum someone can apply for?
The opposite of courage is not cowardice, it's conformity.
Back to top
  |
Aguytrying
#16 Posted : Friday, November 09, 2012 11:19:55 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
NBV - KES 38.72
EPS - KES 7.40

at the price of KES 60 we get:
P/B - 1.55x (compares well with industry)
P/E - 8.11x (expensive than industry but cheaper than CIC)


add the extra shares of convertible bond and the EPS is diluted further.

"The company disclosed that the convertible bonds held by the private equity funds will be converted into shares when the public offer is completed"
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
  |
gesowan
#17 Posted : Saturday, November 10, 2012 12:56:26 AM
Rank: Member

Joined: 11/6/2010
Posts: 289
they need at most 1000 influential investors who will put in a minimum of 1 million
Back to top
  |
guru267
#18 Posted : Saturday, November 10, 2012 2:36:23 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
UAP had the highest underwriting profit in the industry in year 2011 amounting to KES 501,226,000.


Liar Shame on you

Did you hear about this insurer that made 540million underwriting profit in 2011??

www.bizjournal-africa.co...in-gross-written-premium

Mark 12:29
Deuteronomy 4:16
Back to top
  |
hisah
#19 Posted : Saturday, November 10, 2012 6:50:23 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Instead of seeing UAP, I'm seeing Centum. That gives me chills since Centum has made it clear they're cashing out of equities. Why sell your golden cow? Is UAP a golden cow?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
Aguytrying
#20 Posted : Saturday, November 10, 2012 8:08:37 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
Aguytrying wrote:
300m for company re-organisation. a large percentage on buildings in three countries! so i ask. what are investors really buying into here. buildings? its extravagant expenditure. should be more earnings growth oriented. that said, the fact that they will list by introduction then the otc listing should be considered the " ipo"


Look at the whole picture:
PLANNED INVESTMENT/-/AMOUNT TO BE INVESTED (Kes. MMs)
Growth/Expansion in Rw, Tz, DRC & SS - 1,880
Property Investments (taking advantage of boom) - 2,154
Group reorganization (ERP project and IT) - 300
Increase group investments - 1,066

TOTAL AMOUNT - 5,400


The item in bold represents what im uncomfy with. From the article this is the amount that will be used to develop the three towers. In nairobi, Kampala and sudan.
My question is are these buildings, just UAP offices or they will be rent out or part sold. If its the later, then its ok. If its the former, its worrying.
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
  |
16 Pages<1234>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.