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Umeme shares IPO in uganda
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Actis barred from offloading Umeme shares for 1 year only. Compared to companies listed on the NSE in the past six years, the anchor shareholders of Umeme were given a relatively short lock-in period. #Red flag
http://www.businessdailyafrica....76/-/e10kfi/-/index.html
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Umeme ROE 21% VS Kenya Power's 10.6%.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:Umeme ROE 21% VS Kenya Power's 10.6%.
2007 to 2010, Umeme ROE is a downtrend to extent of falling into the negative (loss) side in 2010. Then 2011, huge profit. Someone is being fooled
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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This Actis is clearly not a good person. Actis charges its company Umeme a rate of 12% on USD loans. IFC charges Umeme a rate of 5.63% on USD loans (6 months LIBOR + 5%)(Current 6 months LIBOR is 0.63%). Who does that to their company #sucker
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mwekez@ji wrote:This Actis is clearly not a good person. Actis charges its company Umeme a rate of 12% on USD loans. IFC charges Umeme a rate of 5.63% on USD loans (6 months LIBOR + 5%)(Current 6 months LIBOR is 0.63%). Who does that to their company #sucker
The cost of funds determines the lending rates...the IFC & Actis dont have the same source of funds...anyways 12% is cheaper than borrowing from a local Ugandan bank...if you were talking of forex losses then I would understand!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:mwekez@ji wrote:This Actis is clearly not a good person. Actis charges its company Umeme a rate of 12% on USD loans. IFC charges Umeme a rate of 5.63% on USD loans (6 months LIBOR + 5%)(Current 6 months LIBOR is 0.63%). Who does that to their company #sucker
The cost of funds determines the lending rates...the IFC & Actis dont have the same source of funds...anyways 12% is cheaper than borrowing from a local Ugandan bank...if you were talking of forex losses then I would understand!
@the deal, what is the interest rate on USD loan in a local Ugandan bank?
Kenyan Banks are lending USD loans to individuals at 9%. Corporates and other lower risk persons are getting lower rates.
Clearly, Actis is a Sucker!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mwekez@ji wrote:the deal wrote:mwekez@ji wrote:This Actis is clearly not a good person. Actis charges its company Umeme a rate of 12% on USD loans. IFC charges Umeme a rate of 5.63% on USD loans (6 months LIBOR + 5%)(Current 6 months LIBOR is 0.63%). Who does that to their company #sucker
The cost of funds determines the lending rates...the IFC & Actis dont have the same source of funds...anyways 12% is cheaper than borrowing from a local Ugandan bank...if you were talking of forex losses then I would understand!
@the deal, what is the interest rate on USD loan in a local Ugandan bank?
Kenyan Banks are lending USD loans to individuals at 9%. Corporates and other lower risk persons are getting lower rates.
Clearly, Actis is a Sucker!
I give up! You have alot to learn!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@the deal, you come preaching to us that Umeme is a good buy and clearly its not. You again come with shenanigan that Umeme ROE is better than that of KPLC yet you havent checked Umeme past performance and its 2010 loss. You again tell us that 12% is a cheap rate on USD loan to a corporate while its not! You have got alot to learn!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Any idea which kenyan brokers are participating in the Umeme IPO?
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