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Precision Air IPO
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the deal
#21 Posted : Wednesday, September 07, 2011 11:31:23 AM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
VituVingiSana wrote:
@the deal

1) What competition does it face in the local/domestic market? Please elaborate with examples & facts.
2) PW's (current) ambitions seems to be confined to Tanzania (a huge country) + some neighboring routes so not a hub airline.
3) See (2) above. Of course, I expect PW to leverage its presence to serve Tanzanians traveling on DIRECT flights to Dubai & London NOT as a hub but point to point travel.
4) LOL... Get serious. Let PW walk before it runs. KQ's startegy & PW seem different. PW is buying ATRs + 737s while KQ is buying Embraers + 787s though it would surprise me if KQ were to lease 1-2 to PW in 3-4 years.

PW is aiming High Mwalimu http://www.tanzaniainves...precision-air-interview

http://www.businesstimes...test-news&Itemid=57

http://www.busiweek.com/...s-boeing-craft-on-fleet

Not to say there are no opportunities http://www.businesstimes...atest-news&Itemid=57
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VituVingiSana
#22 Posted : Wednesday, September 07, 2011 12:28:17 PM
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Joined: 1/3/2007
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Cde Monomotapa wrote:
RSE a wake up call for DSE.

DSE can't catch up with RSE any time soon!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#23 Posted : Friday, September 09, 2011 8:52:14 AM
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VituVingiSana wrote:
Cde Monomotapa wrote:
RSE a wake up call for DSE.

DSE can't catch up with RSE any time soon!


True, but they are now opening up their market to foreigners. TBL will also be open to all foreigners and EAC

http://allafrica.com/stories/201109080830.html
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mwekez@ji
#24 Posted : Friday, September 09, 2011 8:53:48 AM
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Tanzanian regulator approves Precision Air IPO

http://af.reuters.com/article/i...p;feedName=investingNews
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mwekez@ji
#25 Posted : Thursday, September 15, 2011 1:08:38 PM
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IPO date: Oct. 7-28

Price: Tzs 475 per share

http://af.reuters.com/article/t...ws/idAFL5E7KF0TP20110915
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Cde Monomotapa
#26 Posted : Thursday, September 15, 2011 3:49:57 PM
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Joined: 1/13/2011
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mwekez@ji wrote:
VituVingiSana wrote:
Cde Monomotapa wrote:
RSE a wake up call for DSE.

DSE can't catch up with RSE any time soon!


True, but they are now opening up their market to foreigners. TBL will also be open to all foreigners and EAC

http://allafrica.com/stories/201109080830.html


Cheers.
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Cde Monomotapa
#27 Posted : Thursday, September 15, 2011 3:53:49 PM
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Tz is soo huge that Mwanza-Dar by road and private means is more expensive than flying by FAR.
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mwekez@ji
#28 Posted : Monday, September 19, 2011 8:25:56 AM
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Joined: 5/31/2011
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Precision Air profits: Now you see them, now you don’t


http://www.theeastafrican.co.ke...560/1238374/-/3vu0hjz/-/
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Aguytrying
#29 Posted : Monday, September 19, 2011 9:33:10 AM
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mwekez@ji wrote:


Precision Air profits: Now you see them, now you don’t


http://www.theeastafrican.co.ke...560/1238374/-/3vu0hjz/-/


This caught my eye:

"Analysts estimate Precision Air’s value at $100 million if it will be looking to raise $30 million from selling a 31 per cent stake. This means that KQ which made an initial investment of $1.6 million in 2003 will be valued at $34 million"
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#30 Posted : Monday, September 19, 2011 11:20:20 AM
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Aguytrying wrote:
mwekez@ji wrote:


Precision Air profits: Now you see them, now you don’t


http://www.theeastafrican.co.ke...560/1238374/-/3vu0hjz/-/


This caught my eye:

"Analysts estimate Precision Air’s value at $100 million if it will be looking to raise $30 million from selling a 31 per cent stake. This means that KQ which made an initial investment of $1.6 million in 2003 will be valued at $34 million"


Similar to what will happen to Michael Shirima who founded PW in 1993. An answer to why they are happily welcoming the mammoth dilution

.
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Cde Monomotapa
#31 Posted : Monday, September 19, 2011 11:32:00 AM
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mwekez@ji wrote:
Aguytrying wrote:
mwekez@ji wrote:


Precision Air profits: Now you see them, now you don’t


http://www.theeastafrican.co.ke...560/1238374/-/3vu0hjz/-/


This caught my eye:

"Analysts estimate Precision Air’s value at $100 million if it will be looking to raise $30 million from selling a 31 per cent stake. This means that KQ which made an initial investment of $1.6 million in 2003 will be valued at $34 million"


Similar to what will happen to Michael Shirima who founded PW in 1993. An answer to why they are happily welcoming the mammoth dilution

.

Let's just call it un-locking value ;-)
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the deal
#32 Posted : Tuesday, September 20, 2011 8:00:16 AM
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Stupidity is to hold an IPO and sell only 59 million shares...
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mwekez@ji
#33 Posted : Tuesday, September 20, 2011 9:35:20 AM
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the deal wrote:
Stupidity is to hold an IPO and sell only 59 million shares...


circa KES 1B. They want an outright oversubscription so that they can post headlines like “Investors are overconfident with Precision Air”. That will augur well with the share price in the secondary market
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VituVingiSana
#34 Posted : Tuesday, September 20, 2011 12:40:41 PM
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Sigh... @thedeal is still learning. No point in raising cash you do not need since it reduces the ROE. Cash does not earn you much vs (most) investments.

Let PW raise what it needs not raise cash just coz it can!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#35 Posted : Tuesday, September 20, 2011 12:53:42 PM
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VituVingiSana wrote:
Sigh... @thedeal is still learning. No point in raising cash you do not need since it reduces the ROE. Cash does not earn you much vs (most) investments.

Let PW raise what it needs not raise cash just coz it can!

I was referring to Liquidity of the stock...59 Mln will make the stock not trade for month considering we are talking of the DSE here...why not price it even at TSh100 and create more shares since now the whole is allowed to participate!
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Mainat
#36 Posted : Tuesday, September 20, 2011 12:59:24 PM
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Joined: 11/21/2006
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ze deal-good pt. While we don’t want a repeat of Safcom IPO fiasco, issuing 59million shares means that 20,000 investors will get 3,000 shares each. Even worse if its 200,000 investors.
Sehemu ndio nyumba
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VituVingiSana
#37 Posted : Tuesday, September 20, 2011 3:14:38 PM
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This is Tanzania - where even the most liquid stocks hardly trade!

Also TZS 475 = KES 25 so perhaps the idea was to 'match' the KQ Rights price?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#38 Posted : Tuesday, September 20, 2011 5:31:14 PM
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... are Tanzanians interested in taking the 59M shares
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mwekez@ji
#39 Posted : Wednesday, September 21, 2011 2:17:51 PM
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Sober
#40 Posted : Wednesday, September 21, 2011 6:04:19 PM
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Joined: 11/27/2007
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58,841,750 shares on offer at 28.00 Ksh each. i am in.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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