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Umeme of Uganda crossborder IPO
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ngapat
#1 Posted : Tuesday, August 21, 2012 2:58:49 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
I think this is a good growth company to invest in considering its not owned by the Govt like our Kplc here. Will be waiting for their prospectus eagerly as i'm really interested
http://www.businessdaily.../-/mknj81z/-/index.html

http://af.reuters.com/ar...ws/idAFJOE87K03720120821
“Invest in yourself. Your career is the engine of your wealth.”
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VituVingiSana
#2 Posted : Tuesday, August 21, 2012 4:03:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
The gov't has a LOT of 'influence' in pricing. museveni gets a brainwave & umeme pays the price. If the price set is too low = losses.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gatoho
#3 Posted : Tuesday, August 21, 2012 4:08:03 PM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
VituVingiSana wrote:
The gov't has a LOT of 'influence' in pricing. museveni gets a brainwave & umeme pays the price. If the price set is too low = losses.



How to get in from these sides?
Foresight..
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vky
#4 Posted : Tuesday, August 21, 2012 4:09:18 PM
Rank: Member


Joined: 6/17/2010
Posts: 572
wouldnt participate in this one, to much state interference in the running of this company
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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FUNKY
#5 Posted : Tuesday, August 21, 2012 4:24:32 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
I thought UMEME was a 100% privately owned entity with no govt shareholding at all.
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georgegop
#6 Posted : Wednesday, August 29, 2012 10:10:22 AM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
Umeme IPO not as rosy as it sounds
http://www.theceomagazin...s-rosy-as-it-sounds.html
Don't Work for Money, Let Money Work for You..
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luxel
#7 Posted : Wednesday, August 29, 2012 12:56:23 PM
Rank: Member


Joined: 7/17/2008
Posts: 152
The only problem with that article is the title.

Otherwise when i look at the details, the more am convinced it might be a good investment. e.g.
1.The 14 years remaining in the concession with government - which can be extended.
2. Being a monopoly.
3. Expansion strategy.
4. Prepaid meters (efficiency in cashflows)
5. The company is already profitable.
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