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Umeme IPO
panomaz
#1 Posted : Monday, September 12, 2011 8:48:36 AM
Rank: New-farer


Joined: 8/18/2011
Posts: 85
owenkyima
#2 Posted : Monday, September 12, 2011 12:00:09 PM
Rank: New-farer


Joined: 1/21/2010
Posts: 11
Location: Africa
Hard to go wrong with power companies esp in Africa where they hold governments at ransom. They raise power tariffs at their convenience and if anyone makes noise... BLACK OUT!!

Also with more power expected from Bujagali and Karuma (5-7 years) comes more revenue.

If its ever to list, its a buy for me.
Cde Monomotapa
#3 Posted : Monday, September 12, 2011 3:51:35 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
guru267
#4 Posted : Monday, September 12, 2011 4:06:13 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
owenkyima wrote:


If its ever to list, its a buy for me.


WOW!! The stock is already a buy even without a prospectus.. This sounds like your typical BRITAK victim...

The cycle continues Sad
Mark 12:29
Deuteronomy 4:16
owenkyima
#5 Posted : Monday, September 12, 2011 4:36:06 PM
Rank: New-farer


Joined: 1/21/2010
Posts: 11
Location: Africa
lol Guru, I stayed out of BRITAK. Didnt even read the prospectus or the numerous emails from brokers advising me to buy. For one simple reason, BRITAK with all its wise advisors had its IPO during a bear run!! Even a blue chip company would be taking a massive risk eh! Ugandan company IPOs have a knack for targeting the bull.
youcan'tstopusnow
#6 Posted : Monday, September 12, 2011 6:46:02 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
guru267 wrote:
owenkyima wrote:


If its ever to list, its a buy for me.


WOW!! The stock is already a buy even without a prospectus.. This sounds like your typical BRITAK victim...

The cycle continues Sad


@hisah @Mainat, didn't we tell you there will be no 'learning'd'oh!
GOD BLESS YOUR LIFE
Msa Liti
#7 Posted : Monday, September 12, 2011 7:29:37 PM
Rank: Member


Joined: 1/6/2009
Posts: 98
guru267 wrote:
owenkyima wrote:


If its ever to list, its a buy for me.


WOW!! The stock is already a buy even without a prospectus.. This sounds like your typical BRITAK victim...

The cycle continues Sad


Same case. I had planned to get into the market with some spare cash but I'll hold and see if this comes to fruition.
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