Umeme at Glance. They raised 170Bn (438USD) from the IPO.. They are now looking to raise 440 for infrastructural investments primarly through take a loan from IFC( which already owns 3% share of umeme) and increase tariffs( which Uganda Tariffs are higher than average rates in EAC region). Against that backdrop am still curious on the drivers of the share price of Umeme!! is this a shortrem spike? eg Compared to Stanbic bank which has an asset portifolio of 1.3Trillion accounts for 28% of the entire banking sector profitability( at 130+ bn) and is well established in uganda over the long term.the latters share pricing have been stable over the last 2 years.
Posted on: Mon, 22 Jul 2013 06:06:58 +0000
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