wazua Wed, May 6, 2026
Welcome Guest Search | Active Topics | Log In

14 Pages«<56789>»
Is Uganda's Umeme IPO a Bargain?
Options
Previous Topic · Next Topic
Kaffir
#61 Posted : Thursday, January 03, 2013 5:59:52 PM
Rank: Member

Joined: 5/8/2008
Posts: 77
From my agent, and from Market Surveillance. Institutions that didnt get their allocations have been moping up the shares available at the IPO price. Sellers were primarily Umeme customers offloading their 10% bonuses given to them at the IPO. These are now drying up, so supply price is now inching upwards. The price should edge upwards, as the Financial Year end comes close (March 2013), given the expected dividend (50% of net earnings).
Back to top
  |
S.Mutaga III
#62 Posted : Thursday, January 03, 2013 8:14:51 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Calculating with last years earnings,what is the dividend yield with the price of Ksh 15 per share?I dont seem to have access to all the information so as to calculate the yield myself including the prospectus
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Back to top
  |
mwekez@ji
#63 Posted : Thursday, January 03, 2013 10:08:38 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@S.Mutaga III,

Q3 2012 PAT = UGX 44,001,000,000
Annualized PAT = UGX 58,668,000,000
Dividend = UGX 29,334,000,000 (50% of 58,668,000,000)
Total Shares = 1,623,878,005
DPS = UGX 18.06
Share price = UGX 275
Div Yield = 6.6%
Back to top
  |
VituVingiSana
#64 Posted : Friday, January 04, 2013 1:09:41 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
mwekez@ji wrote:
Kaffir wrote:
Institutional Umeme demand is still too strong - supply at 275 is slowly drying up

Where are you getting this data? Am reading no trades today. demand is zero and supply is firm at 1,313,100 shares http://www.use.or.ug/documents/...ET_REPORTJan_03-2013.pdf
@mwekezaji - I see you got the info. Also some brokers provide daily reports.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Kaffir
#65 Posted : Saturday, January 12, 2013 12:30:12 AM
Rank: Member

Joined: 5/8/2008
Posts: 77
Looks the market is willing to buy at 300shs. Equivalent of about 30m kshs (950m Ugshs) traded today at this price - 3.1 million shares.. http://www.independent.c...-share-price-up-to-sh300
Back to top
  |
VituVingiSana
#66 Posted : Saturday, January 12, 2013 1:44:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
So the whole nonsense about cross-listing on the NSE is just that. Nonsense. 3 weeks since the 'cross-listing' and not a single trade on the NSE.

UGX/KES is 31 while UGX/USD is now 2710
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
guru267
#67 Posted : Saturday, January 12, 2013 10:09:20 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
So the whole nonsense about cross-listing on the NSE is just that. Nonsense. 3 weeks since the 'cross-listing' and not a single trade on the NSE.

UGX/KES is 31 while UGX/USD is now 2710


I thought the Kenyan shareholders haven't received their converted share certificates yet... That's why it ain't trading!
Mark 12:29
Deuteronomy 4:16
Back to top
  |
VituVingiSana
#68 Posted : Saturday, January 12, 2013 6:59:59 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
So the whole nonsense about cross-listing on the NSE is just that. Nonsense. 3 weeks since the 'cross-listing' and not a single trade on the NSE.

UGX/KES is 31 while UGX/USD is now 2710

I thought the Kenyan shareholders haven't received their converted share certificates yet... That's why it ain't trading!
So... what was the whole dog & pony show by UMEME 3 weeks ago about? Why not wait till Kenyan shareholders received their "converted share certificates"?
What are "converted share certificates"?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
guru267
#69 Posted : Saturday, January 12, 2013 9:51:24 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
So the whole nonsense about cross-listing on the NSE is just that. Nonsense. 3 weeks since the 'cross-listing' and not a single trade on the NSE.

UGX/KES is 31 while UGX/USD is now 2710

I thought the Kenyan shareholders haven't received their converted share certificates yet... That's why it ain't trading!
So... what was the whole dog & pony show by UMEME 3 weeks ago about? Why not wait till Kenyan shareholders received their "converted share certificates"?
What are "converted share certificates"?


im not sure myself.. Maybe the par value is converted to Ksh smile

But what i do know for sure is that the Kenyan shareholders haven't yet received their certificates!
Mark 12:29
Deuteronomy 4:16
Back to top
  |
VituVingiSana
#70 Posted : Sunday, January 13, 2013 12:36:15 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
So the whole nonsense about cross-listing on the NSE is just that. Nonsense. 3 weeks since the 'cross-listing' and not a single trade on the NSE.

UGX/KES is 31 while UGX/USD is now 2710

I thought the Kenyan shareholders haven't received their converted share certificates yet... That's why it ain't trading!
So... what was the whole dog & pony show by UMEME 3 weeks ago about? Why not wait till Kenyan shareholders received their "converted share certificates"?
What are "converted share certificates"?

im not sure myself.. Maybe the par value is converted to Ksh smile

But what i do know for sure is that the Kenyan shareholders haven't yet received their certificates!
But Kenyans cannot trade with certificates on the NSE. In fact, certificates are being phased out by the NSE/CDSC. So why not issue Kenyans 'electronic certificates' as is done for NSE-listed shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
14 Pages«<56789>»
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.