wazua Mon, Jan 13, 2025
Welcome Guest Search | Active Topics | Log In | Register

Umeme posts a 46.5%y/y jump in FY13 net profits
Goldilocks Reloaded
#1 Posted : Monday, March 24, 2014 10:31:37 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
Umeme posts a 46.5%y/y jump in FY13 net profits, EPS at KES 1.75; 65.3% increase in DPS to KES 0.84. Umeme Limited, the Uganda electricity distributor released FY13 results to December 2013 with a 9.3%y/y increase in Gwh sold to 2,118. System losses reduced from 26% to 24.3%. Operating, margins improved from 9.8% to 14.3%. While there was a 4.5% reduction in distribution tariff, improved collection rates and reduced system losses led to the improved performance. The company declared a final dividend of KES 0.57, with books closure on 6th June 2014 payable on or around 30th June. For the year, the company posted a 65.3%y/y increase in DPS to KEs 0.84. The final report from Ad hoc Committee on Energy established in 2011 presented its report in 2013 recommending the termination of the Umeme concession to distribute electricity in the country- arguing the provisions of the concession were unfair to Uganda. The Ministry of Energy however seems reluctant to cancel the concession, we believe, partly because of the payments required to be paid back to Umeme for investments already made and also that some of the arguments advanced by the committee may have been partly inaccurate. (Company filing, Standard Investment Bank)
===

Is this counter still active at the NSE?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
muganda
#2 Posted : Monday, March 24, 2014 11:18:05 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Goldilocks Reloaded wrote:
Is this counter still active at the NSE?


At least in name it is...

Umeme financial statements 2013
Umeme Press Release for the 2013 Results

Improvements in collection rates, reduced system losses, improved performance, 7 as P/E with 6.7% dividend yield.
Concessions aside, is this Ugandan company better run than KenyaPower?

Goldilocks Reloaded
#3 Posted : Monday, March 24, 2014 11:27:51 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
muganda wrote:
Goldilocks Reloaded wrote:
Is this counter still active at the NSE?


At least in name it is...

Umeme financial statements 2013
Umeme Press Release for the 2013 Results

Improvements in collection rates, reduced system losses, improved performance, 7 as P/E with 6.7% dividend yield.
Concessions aside, is this Ugandan company better run than KenyaPower?



It appears to give better returns than KP but why has it never traded here yet i am sure there are Kenyans who have bought the stock in the Ugandan market?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
the deal
#4 Posted : Monday, March 24, 2014 6:01:04 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Applause Applause Applause a juicy dividend too

FY2013 EPS at UGX52 vs my estimate UGX54...sema Umeme Insider Laughing out loudly Laughing out loudly Laughing out loudly http://www.contrarianinv...tor-report-umeme-limited
Kingotore
#5 Posted : Tuesday, March 25, 2014 12:15:54 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
It has only traded 1000 shares since it was listed in nse due to it tough rule of purchase. I.e to purchase it you must open an cds account in uganda. Again it has no volume for crosslisting.
GOOD TO GREAT. KINGOTORE
Ingari
#6 Posted : Tuesday, March 25, 2014 6:58:12 PM
Rank: Hello


Joined: 3/8/2014
Posts: 4
Location: Nairobi
@the deal. link not working.
Cde Monomotapa
#7 Posted : Wednesday, March 26, 2014 9:20:31 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
A 9% growth in units sold by a utility company is very commendable! Says a lot about Real growth/demand in UG. Let's see how SBU will perform then.
ecstacy
#8 Posted : Friday, August 01, 2014 11:38:25 AM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
What has been cooking here?..
the deal
#9 Posted : Saturday, August 02, 2014 1:04:17 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
We have never dipped below the IPO price...I see it holding above Ksh20.
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2025 Wazua.co.ke. All Rights Reserved.