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Strong Umeme H1 2013 Earnings
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Umeme H1 2013 Earnings. Customer numbers up 11% y/y, Revenues up by 17.6% y/y on a 12% increase in electricity units sold. PAT up 53% y/y.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cautionary company commentary
“Umeme continues to face certain risks and uncertainties that may affect its financial performance and ability to meet it regulatory targets. These include credit risk, liquidity risk, foreign exchange risk and regulatory risks. In this connection, on the 5th August 2013, the Electricity Regulatory Authority informed the company of the implementation of Amendment No. 4 to its License for the Supply of Electricity. In response, the company is considering its options in response to this communication”
“The company is in the process of negotiating a long term financing package of US$ 170m to partly fund its projected capital investment program of US$ 440m for the period 2013 to 2018.”
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mwekez@ji wrote:Cautionary company commentary
“Umeme continues to face certain risks and uncertainties that may affect its financial performance and ability to meet it regulatory targets. These include credit risk, liquidity risk, foreign exchange risk and regulatory risks. In this connection, on the 5th August 2013, the Electricity Regulatory Authority informed the company of the implementation of Amendment No. 4 to its License for the Supply of Electricity. In response, the company is considering its options in response to this communication”
“The company is in the process of negotiating a long term financing package of US$ 170m to partly fund its projected capital investment program of US$ 440m for the period 2013 to 2018.”
The risks mentioned above are faced by every company...its just a mere strategy to calm down the masses who might think Umeme is profiteering instead of providing them with electricity.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:mwekez@ji wrote:Cautionary company commentary
“Umeme continues to face certain risks and uncertainties that may affect its financial performance and ability to meet it regulatory targets. These include credit risk, liquidity risk, foreign exchange risk and regulatory risks. In this connection, on the 5th August 2013, the Electricity Regulatory Authority informed the company of the implementation of Amendment No. 4 to its License for the Supply of Electricity. In response, the company is considering its options in response to this communication”
“The company is in the process of negotiating a long term financing package of US$ 170m to partly fund its projected capital investment program of US$ 440m for the period 2013 to 2018.”
The risks mentioned above are faced by every company...its just a mere strategy to calm down the masses who might think Umeme is profiteering instead of providing them with electricity. Comment on the highligted above (in bold) ^
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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:Cautionary company commentary
“Umeme continues to face certain risks and uncertainties that may affect its financial performance and ability to meet it regulatory targets. These include credit risk, liquidity risk, foreign exchange risk and regulatory risks. In this connection, on the 5th August 2013, the Electricity Regulatory Authority informed the company of the implementation of Amendment No. 4 to its License for the Supply of Electricity. In response, the company is considering its options in response to this communication”
“The company is in the process of negotiating a long term financing package of US$ 170m to partly fund its projected capital investment program of US$ 440m for the period 2013 to 2018.”
The risks mentioned above are faced by every company...its just a mere strategy to calm down the masses who might think Umeme is profiteering instead of providing them with electricity. Comment on the highligted above (in bold) ^ Nothing serious to affect the company's operations or profitability.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:mwekez@ji wrote:the deal wrote:mwekez@ji wrote:Cautionary company commentary
“Umeme continues to face certain risks and uncertainties that may affect its financial performance and ability to meet it regulatory targets. These include credit risk, liquidity risk, foreign exchange risk and regulatory risks. In this connection, on the 5th August 2013, the Electricity Regulatory Authority informed the company of the implementation of Amendment No. 4 to its License for the Supply of Electricity. In response, the company is considering its options in response to this communication”
“The company is in the process of negotiating a long term financing package of US$ 170m to partly fund its projected capital investment program of US$ 440m for the period 2013 to 2018.”
The risks mentioned above are faced by every company...its just a mere strategy to calm down the masses who might think Umeme is profiteering instead of providing them with electricity. Comment on the highligted above (in bold) ^ Nothing serious to affect the company's operations or profitability. What is the amendment No. 4 and what are the options available to Umeme?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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mwekez@ji wrote:the deal wrote:mwekez@ji wrote:the deal wrote:mwekez@ji wrote:Cautionary company commentary
“Umeme continues to face certain risks and uncertainties that may affect its financial performance and ability to meet it regulatory targets. These include credit risk, liquidity risk, foreign exchange risk and regulatory risks. In this connection, on the 5th August 2013, the Electricity Regulatory Authority informed the company of the implementation of Amendment No. 4 to its License for the Supply of Electricity. In response, the company is considering its options in response to this communication”
“The company is in the process of negotiating a long term financing package of US$ 170m to partly fund its projected capital investment program of US$ 440m for the period 2013 to 2018.”
The risks mentioned above are faced by every company...its just a mere strategy to calm down the masses who might think Umeme is profiteering instead of providing them with electricity. Comment on the highligted above (in bold) ^ Nothing serious to affect the company's operations or profitability. What is the amendment No. 4 and what are the options available to Umeme? Good question. What is this Amendment No. 4? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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[quote=the deal]CBK pension scheme buys stake in Umeme http://www.theeastafrica...2/-/4f99v2/-/index.html[/quote] The same chaps who are in charge of the KES going from 82 to 107 to 84 within 3 months... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Better investment than the Kenya Power thing you used to hype...  I wonder what happened to your love for Kenya Power....
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