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Umeme shares IPO in uganda
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mwekez@ji
#11 Posted : Thursday, October 18, 2012 7:49:34 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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mwekez@ji
#12 Posted : Thursday, October 18, 2012 7:51:50 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Umeme investors warned over Actis conflict of interest

http://www.businessdailyafrica....2/-/6j3ut7z/-/index.html
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the deal
#13 Posted : Thursday, October 18, 2012 9:09:41 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Umeme ROE 21% VS Kenya Power's 10.6%.
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mwekez@ji
#14 Posted : Thursday, October 18, 2012 9:21:53 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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mwekez@ji
#15 Posted : Thursday, October 18, 2012 9:36:56 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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the deal
#16 Posted : Thursday, October 18, 2012 9:50:03 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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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mwekez@ji
#17 Posted : Thursday, October 18, 2012 9:56:56 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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  | | Edit by user: Thursday, October 18, 2012 9:59 AM | Reason: Not specified
the deal
#18 Posted : Thursday, October 18, 2012 10:08:19 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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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mwekez@ji
#19 Posted : Thursday, October 18, 2012 10:17:50 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@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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  | | Edit by user: Thursday, October 18, 2012 10:20 AM | Reason: Not specified
FUNKY
#20 Posted : Thursday, October 18, 2012 11:03:19 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Any idea which kenyan brokers are participating in the Umeme IPO?
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