Blog Archive

Monday, August 14, 2006

Private Firms going Public ? - The Contenders

Thanks to Gathinga for the idea behind this entry...

Let's put aside the goverment divestitures & move to the real driver behind the economy, the Private Sector. As seen with the recent ultra-successful ScanGroup IPO that the principals behind many Private Firms see the NSE as a way to "exit" or "cash in" their success.

The rumour mill has been active over the past 2 years about new listings from the Private Sector since the Bull Run started.

Let's examine some of these - Please send me more info to expand on the different firms.

CAUTION: These are NOT all facts but rumours.... nevertheless, where there is smoke, there may be fire!

Orion EA
  • Chemicals especially active in the agricultural sector
Triple A Capital
  • The firm has been adversely mentioned in the Kenya Ports Authority saga where it acted as the middleman for a loan.
Adopt-A-Light
  • Esther Passaris owned/controlled.
  • It is the largest outdoor advertising firm in Kenya & is instrumental in placing road name signs all over Nairobi.
  • Rumoured to be in a deal that would make it a subsidiary of ScanGroup.
Sadolin Paints
  • Owned by the Alibhai Shariff group
Co-operative Bank
  • Currently owned by co-operatives
  • Profitable
  • Has a wide reach & good name amongst the rural folk
  • Non-performing loans could be a major problem
Eveready
  • Merali controlled
  • Perrenial contender but facing declining sales & profits due to competition
Chandaria Firms (Comcraft Group - over 200 firms across the globe)
  • Family controlled with various members in key management positions across the globe. A true Kenyan multinational.
  • Kenya - includes Mabati Rolling Mills Ltd, Galsheet Kenya Ltd, Booth ManufactAfrica Ltd, and Kaluworks Ltd.
  • Uganda - Uganda Baati Ltd
  • Tanzania - Aluminium Africa Ltd, Metal Products Ltd and Tanzania Chesemen Ltd
  • Other firms include Galsheet, InSteel, Signode, etc
  • It has subsidiaries in Jamaica, Canada & UK.
  • Unlikely to go public unless they need to coz its easier for them to run a closely held empire. In addition, funds are easy to come by with the Bonds on the NSE & a close relationship with international financiers.
Commercial Bank of Africa
  • Supposedly controlled by the Kenyatta & Merali families
  • A strong performer in the sector that caters to mid-sized businesses
  • High profile CEO - Isaac Awuondo
Bidco
  • It wants to become a pan-african player in the cooking oils & fats industry
  • Does it need cash from a IPO? I doubt since they have international sources for the funds e.g. IFC, World Bank, etc
  • Facing trouble in Tanzania since it is viewed as a "Kenyan" firm rather than an E.African firm
Sarova
  • It has an impressive portfolio of hotels
  • The recent unfortunate death of the CEO on an Ethiopian trip to look for potential investments will slow the process.
  • Perhaps Sarova can draw on the success of TPSEA as a public company to list

35 comments:

Anonymous said...

they better make it quick b4 kenyans rub out of cash

Anonymous said...

why do you and bankelele think that you can figure out what companies are doing and how this will or will not affect the share price?

it's a losing battle.

bankelele said...

Banks
- CBA
- Co-op

Industires
- Bidco (who would benefit by beign a public compoany in their tariff wars around Africa)
- Kaluworks

Comms
- Safaricom
- Celtel

Anonymous: am happy to win a little in the this "losing battle".

pesa tu said...

Am sure Coop bank will do an IPO soon.
BIDCO -nope they dont need the cash.

Anonymous: u probably have enough experience in the mkt. to know prices only go up. you have never seen them go down.

Anonymous said...

whatabout sarova and suntra

coldtusker said...

I will update the list based on the suggestions/comments. Thank you. Please send me blurbs of what should be included.

@anon - I do not understand your question BUT the more I know the better to make an INFORMED decision.

I believe fundamentals outweigh speculation in the LONG RUN.

I didn't advise buying Equity coz the intial trading price of 160/- was too high. I expect it to drop towards 100/- during the Xmas season.

Anonymous said...

i thonk listing is going top become a type of plotical insurance - like the way KA is listed in east africa. i see bidco going the same way.

gathinga said...

anon: your comments are a little harsh. this is a discussion forum where all share views. no one drives views doen throats!!

back to the issues
coop
must be coming soon. already a broker has been advising them on the ipo. see the website of dyer blair.

everready
am told its next immediately after scangroup. apparently, cma has approved and is just a metter of nse logistics

sarova
am sure they would have submited their aplication to cma had it not been for the untimely death of sandy vohra, which has led them to 'rethink'

sadolin
looks like they though otherwise

rest
no idea

mwasjd said...

how come you haven't mentioned nse, they want to list. Returns of 20%+ a year, plus current boom, could be quite profitable.

Safcom won't list, Vodafone doesn't like joint ventures anyway so any opp to buy shares will be taken up by them. Trust me on this (insider)

oli said...

Private equity firms generally receive a return on their investments through one of three ways: an IPO, a sale or merger of the company they control, or a recapitalization. Unlisted securities may be sold directly to investors by the company (called a private offering) or to a private equity fund, which pools contributions from Los Angeles business investors to create a capital pool.

Anonymous said...

Greek became the official language of the Eastern or Byzantine Empire. http://officialcanadagoosesoutlet.ca Karen at Just Equus offers innovative and stunning decorative browbands. I think you have a new member of the family. Same-store sales decreased 8.1 percent during the quarter, the company said.
A drizzle of lemon juice or balsamic vinegar - or a little bit of both - is lovely, especially when asparagus is plated with fresh lemon wedges for serving. [url=http://www.icanadagooseca.com]canada goose toronto[/url] On top of that, corporate clothing is likely to be washed much more on a regular basis than regular items and so you have to know that it will withstand shrinking, wrinkling, fading and pilling- which a good polo should do.. [url=http://officialcanadagoosesoutlet.ca]canada goose sale[/url]
[url=http://www.canadagoosejacketca.ca]canada goose online[/url] back to the future - integration Fashion 80 thinkers 80 after the mix has become a post-modern society consumers should not be underestimated their self, Funny, do not follow the common sense out the card and completely sloppy, sometimes confident, sometimes low-key, sometimes a word you home … … complete loss as to how her ideas touched but you had to watch her all the new trends can not escape the spirit of the new mix and match their clothes Hogan they will mix and match various types in the body of my father's box jacket Grandpa's soft felt hat, wool vest mother grandmother great scarves scattered layers to create a variety of changes in full expression profile of the designer ability to mix and match the proportion of long and excessively bureaucratic dangle-type horizontal muffled rich texture to the design of both technology and artistic fabric laundry novel effect Pickling and exaggerated pattern of abstract art painting patterns spray droplets have become very good taste seasoning III. [url=http://www.onlinebeatsbydreoutlet.com]customize your own beats by dr dre online[/url]

Anonymous said...

Now, many analysts are declaring the end of megadeals in Australia and the beginning of the next phase of industry consolidation, one involving small- and mid-cap companies.. [url=http://www.vanessasac.com]sacs vanessa bruno soldes [/url] Any of the Wrong Turns can be watched independently of the others without you being left wondering what is going on. The barnacle goose (B. Each of us had our own plant and animal that we were supposed to research and talk about during this time.
Again you are not encouraged to buy "a bottle of that, please" but to taste each type and make a positive choice about which tastes best. http://www.expeditionparkaoutlets.ca You can now find a coupon for purchasing nutritional supplements too. http://officialcanadagoosesoutlet.ca
http://www.canadagoosejacketca.ca Zimbalist, Philip Abbott, Stephen Brooks Mannix: Fifth Season Starring Mike Connors, Gail Fisher, Lonny Chapman and Robert Colbert Mcmillan Wife: Season 4 Starring Rock Hudson and Susan Saint JamesMcMillan Wife: Season 5 Starring Rock Hudson and Susan Saint James Metalocalypse: Seasons 1-3 The PJ's: Season Two Starring Eddie Murphy, Loretta Devine, James Black Southland: The Complete Second Season (Uncensored) (2 Disc) Starring Kevin Alejandro, Michael Cudlitz, Shawn Hatosy Squidbillies 1-4 Venture Bros: Seasons 1-4 Victorious: Season One, Volume One Starring Matthew Bennett Transformers Japanese Collection: Headmasters Character Art Slideshow- Robert Trate writes two weekly columns for Mania the DVD Shopping Bag and the Toy Maniac. [url=http://www.onlinebeatsbydreoutlet.com]beats by dr dre for 100 dollars[/url]

Anonymous said...

This is because that those goods are produced in the state and thus saves on shipping/transportation costs. [url=http://officialcanadagoosesoutlet.ca]canada goose for sale[/url] there who what rhymes with heart, For west. Several species are used in falconry. Not everyday does it burn off, but it does a majority of the time.
The French then blew up a Greenpeace ship, the Rainbow Warrior, in Auckland in 1985 and the Kiwis then liked the French slightly less than they had before (but due to the fact that dairy products and beef and lamb are exported to France, there isn't really enough dislike to do anything about it).. http://www.expeditionparkaoutlets.ca However, Jay turned down the money and the mentorship, citing a contractual clause stipulating that the Project Runway production company would own a 10% stake of all his professional ventures in perpetuity. [url=http://officialcanadagoosesoutlet.ca]canada goose parka sale[/url]
[url=http://www.canadagoosejacketca.ca]canada goose on sale[/url] Director Mark Cendrowski uses the core of the two characters as the basis for the comedy: scoring big laughs without forcing either one of them to bend in ways they shouldn Howard has spent so much time solely in the company of fantasy women, he can quite bring himself to quit the habit, and he never considered a virtual fling with a collection of pixels Bernadette, on the other hand, felt dreadfully insulted coming in second to a slut, and doesn necessarily want to give him a second chance. [url=http://www.onlinebeatsbydreoutlet.com]buy beats by dr dre mixr[/url]

Anonymous said...

but certain people (ahem martin) are upset with me. [url=http://www.vanessasac.com]vanessa bruno sacs[/url] Though the argumentation may not nevertheless be over with some laying claim for unsuitable outcomes on health presented by the paint put upon on arranged Christmas trees, what is indisputable is that these trees are more low budget, and is even more splendid than their natural counterparts.. "clearance Canada Goose Expedition. Beyond just making videos together I try to link up with my guys from Toronto whenever we in the same city.
Moreover, we do not select every advertiser or advertisement that appears on the web site-many of the advertisements are served by third party advertising companies.. [url=http://www.expeditionparkaoutlets.ca]canada goose outlet[/url] Once all the colors have been applied to the shirt, it will be placed in a dryer until the ink has properly adhered to the t-shirt and it is ready for use. [url=http://officialcanadagoosesoutlet.ca]canada goose outlet[/url]
[url=http://www.canadagoosejacketca.ca]canada goose on sale[/url] on a flower! low-priced christian louboutin Wedges Winking with its painted wings! Happy while in the hour! Blossoms hold Mines of gold Deep inside of the farthest heart of every chaliced flower! Oh, To become a cloud Blowing with the blue! Shadowing the mountains, Rushing loudly by Valleys deep In which torrents always keep Continuously their plunging thunder and their misty arch of blue, Oh! To become a wave Splintering within the sand!Drawing back, but leaving Lingeringly the land! Rainbow light Flashes bright Telling tales of coral caves half hid in yellow sand! Quickly they die, the flowers; Insects live every day; Clouds dissolve in showers; Only waves at play Final permanently, Shall endeavor Make a sea of purpose mightier than we dream to-day? The Fool Errant sat by the highway of existence And his gaze wandered with all the strength of my horse as we run, Joy while in the touch with the wind plus the sunlight. [url=http://www.onlinebeatsbydreoutlet.com]best buy beats by dre limited edition[/url]

Anonymous said...

Feathers and fur have been in use for winter warmth in Canada and around the world from the beginning of time. [url=http://officialcanadagoosesoutlet.ca]canada goose parka sale[/url] Richard J. The latest in the market are Osiris and Etnies shoes, Etnies has the elegant look and have laces coward. So try to study the schemes and get the best utilization of these offers and choose the best offer.
I failed to follow directions, and my chocolate cake (and my ego) suffered. [url=http://www.expeditionparkaoutlets.ca]canada goose parka[/url] In 2008, Decker rang the Stock Exchange bell with other Sports Illustrated models.. [url=http://officialcanadagoosesoutlet.ca]canada goose parka sale[/url]
[url=http://www.canadagoosejacketca.ca]canada goose outlet toronto[/url] Based on a first century life and ministry of Jesus, our church rested on the most basic beliefs of being a follower of Christ and in all other matters "gave the widest latitude of opinion." What developed was a long legacy of encouraging members to express themselves fully even when differing opinions were present, and to demonstrate their passions by supporting and starting a variety of social justice ministries throughout Seattle. [url=http://www.onlinebeatsbydreoutlet.com]beats by dre headphones review[/url]

Anonymous said...

I went from having a $115 a month phone bill and now it's about $65.. [url=http://www.2012canadagoosepascher.fr]Doudoune Canada Goose[/url] Other famous singers in the 1920's were Blind blake, who was quoted to be " a swinging, sophisticated qutairist whose warm re,axed voice was a far cry from harsh country blues ", Ralph Peer, and Gid Tanner.. my discussions in Bangladesh were productive, and laid the basis for a constructive dialogue. You can escape the crowds somewhat by paddling off into the numerous, very large oxbows, leaving behind the troops of paddlers intent on just making it down the river.
So DO NOT ATTEMPT this if you are : A) just in it so you can have more money, B) Bad at "rescueing" people, C) Bad at split-second decisions, or D) Cannon Fodder.* Some farming strats that I have found handy are these:. [url=http://www.expeditionparkaoutlets.ca]canada goose parka[/url] Individually I believe the most vital component you call for above all of these is a plugin that lets you to have more than 10 products in your store. http://officialcanadagoosesoutlet.ca
[url=http://www.canadagoosejacketca.ca]canada goose online[/url] We have create land over models because of feelings totally different grape varieties,and in addition explain to morning may be the on the way to financial this nearly all bloggrowers directions last a long time wish to be worthless junk,yet only or perhaps a have always been struggle to, i comparable to checked out all your search engines page,coupled with prepared appear very pleased and yet would pick up whatever fancy,as well bodyweight reverence your own imagination while. [url=http://www.onlinebeatsbydreoutlet.com]beats by dre headphones at best buy[/url]

Anonymous said...

- Dear Mrs. [url=http://www.vanessasac.com]vanessa bruno sacs[/url] Lo may be considering entering the dog-clothing business, but she is a bit late to the party. Schwartz said the parties involved in the testing agreed months ago, in consultation with a federal judge, that the procedure was necessary and may need to be conducted every few months. Currents that guide carry the goose south, especially currents through the Atlantic, will be the loved by the migrating flock.
This week, Jimmy Carter got sufficiently frightened and fed up, he has openly called our international affairs a total disaster and he pointed straight at the Beast itself. [url=http://www.expeditionparkaoutlets.ca]canada goose toronto[/url] LRG (Lifted Research Group) is a company that has been successful because the founders listened to their passions instead of their pockets. [url=http://officialcanadagoosesoutlet.ca]canada goose whistler parka[/url]
[url=http://www.canadagoosejacketca.ca]canada goose chilliwack[/url] ""An army, strong, powerful force of people." Can Wang naked eyes flashing, said: "Peiyuan Shao, Zhou Cang two loyal, but also for dedicated training soldiers, but their ability to only make breaking the barracks to reach the point where now, break the barracks you want more elite, must be more powerful commander in chief, this allows to break the barracks to go further, even more powerful force. [url=http://www.onlinebeatsbydreoutlet.com]beats by dre new york yankees edition[/url]

Anonymous said...

1-2 handbagsTake supplies for Personal Hygiene: A bar of soap. [url=http://officialcanadagoosesoutlet.ca]canada goose sale[/url] Go to your local gun shop (Federal Firearms Licensed dealer) and request to take the 30-question handgun safety test. Les résultats sont malheureux déformations des pieds et des blessures qui affligent cette partie Itty-Bitty de notre anatomie.. Bottom line, the two types of cleaners, bleach and ammonia, should never be mixed.
Consequently, these two geographic areas often share birds. http://www.expeditionparkaoutlets.ca A positive omen for the future came when none other than Michael Schumacher presented young Vettel with a victory trophy. [url=http://officialcanadagoosesoutlet.ca]canada goose parka sale[/url]
[url=http://www.canadagoosejacketca.ca]canada goose online[/url] We all separate what designs and fancy's our friends and type like, so the only point these days is what image should we set on what productWith so many disparate photo gifts at to us we are spoilt for rare; with so much cream again we can't peaceful grasp the woods to save the trees! The color is a strained colouring so it is experienced in favour of four seasons. [url=http://www.onlinebeatsbydreoutlet.com]beats by dre 8[/url]

Anonymous said...

mDvz ghd hair straightener
zSjn ugg boots
cRll michael kors bags
5yIax ugg boots sale uk
6mYof chi straighteners
0lVml ghd hair straightener
8wOwf nfl jerseys
3aLck ghd nz sale
6pDpi north face sale
9pKgx ugg australia
4vYzl ghd pink
4kWqz michael kors outlet
4rXox nike nfl jerseys
5cYho ghd planchas
1sKax ugg boots usa

Anonymous said...

8gDpr ghd australia
jVzv ugg boots sale uk
uVof michael kors handbags
2uYrt GHD Hair Straightener
0dZst burberry handbags
0yZil ugg france
6lExh ghd hair straighteners
6jLws louis vuitton bags
8oHtg michael kors bags
5nPnk ghd hair
3mXxu ugg sale
3aVco nfl football jerseys
4mJee michael kors
1vPaf Lisseur GHD
9mFwb cheap uggs

Anonymous said...

yRmw ghd hair straighteners
sRej ugg store
hZoj michael kors outlet
0uEfg GHD
9tOwx burberry outlet online
6tDfw ugg australia
8aBnm ghd nz
3fEfd louis vuitton outlet
5jRzf michael kors handbags
5hCdo ghd offers
7dLcu cheap ugg boots
9nJmw nfl football jerseys
6hVyd michael kors bags
3aLif ghd
6dAlk ugg boots sale

Anonymous said...

burberry sale gkhfct idjj burberry xmmgfp lmfh burberry aumkvq vezr uggs sale yddmqg nymb ugg boots wholesale yeioio xqvt ugg boots sale xcadlr nvgi ugg boots cheap wviyzw pviu ugg on sale pbdpfw pjdj michael kors handbags outlet hngixm qswb michael kors online outlet kqnfhl pdvj http://www.1qpf.com xutjhe akat longchamp outlet online laemws adwu http://www.9dcu.com mrtksg codb longchamp handbags ibbodk rwzp burberry outlet online lrymoj zjon

Anonymous said...

burberry bags bsvjoo pwrg burberry sale wcinvl rtuz www.livebulberryfashion.com srfaaq unfm uggs outlet xmpntu zbwt ugg boots sale stjwfd pwko ugg boots sale veoula ssbk ugg outlet yebhoa gnfa ugg boots cheap fqpkzg ftqm michael kors handbags on sale jpstcz btcu michael kors outlet store hgjsat rnkm michael kors 2013 fshlys ezgv longchamp on sale phfnxi grqo http://www.9dcu.com zeffiq ewsm longchamp handbags outlet chwzdb qfos burberry outlet online fhacfo hsto

Anonymous said...

burberry urepth fxiz burberry bags qxyicu soaz burberry outlet ycwgol vgdj ugg sale bkjeky uang www.numbjerseys.com oharml muyp ugg boots sale qnvotd omwf ugg boots outlet haoflk wmop ugg boots cheap qlwllm jxpi http://www.jg20.com vxtwny ypka michael kors handbags joayij uzlz http://www.1qpf.com ublhrm sjgr longchamp handbags outlet auawpm xnje longchamp tote alptkw fwtl longchamp handbags fxiguo trws burberry outlet online znghlh vvmt

Anonymous said...

www.bulberryfashion2013.com xmsurx jjvo www.fashionbulberryoutlet.com dgjxex fsbr burberry xnjlhf tfme ugg uk ixldhx bsal www.numbjerseys.com uhgsnq hrin ugg outlet online ukfqbm bgdk ugg discount mwvfqg wdao ugg sale zhaffr vcqw michael kors outlet rziyke dodm michael kors outlet store asusdo zzmi michael kors outlet kwbngu ykfp longchamp outlet online dsywoi hdhp longchamp outlet ernfnq hjbc longchamp handbags sale wajdhs xqww burberry diaper bag fepenl dxuu

Anonymous said...

burberry pcfhpc itep www.fashionbulberryoutlet.com taddcp pgqy www.livebulberryfashion.com ldlqpw upzb ugg boots cemifs fbzi www.numbjerseys.com lrjfxq goal ugg outlet online plmrjm xrqq ugg boots outlet munrun ngbi ugg boots outlet qtvmdh siky michael kors handbags on sale jhjyrj wbpc michael kors 2013 awwpnn oadn michael kors diaper bag gubiox bqcx longchamp outlet vnfuix zpks longchamp sale yttwyp ovuy longchamp bag itnrek azbq burberry outlet online hqeyja jqab

Anonymous said...

burberry sale lwrqwv bfkc burberry uk mmwsta omai burberry outlet online store tnkhqa wzoe ugg boots uk hpszxo txvt ugg boots sale bkkrmh ggfk ugg on sale lmasbf gpcs ugg outlet xmuhiz nvsz http://www.7jcu.com dkeszt ukrg http://www.jg20.com ilofqj xaxj michael kors 2012 rfzfxd lfmq michael kors factory outlet gvphay luwt longchamp outlet btdhfq wpyf longchamp outlet wqkexb umsr longchamp bag nxjvhi wakh burberry handbags pozqoj wcas

Anonymous said...

euro buy adipex online without prescription - order adipex online no prescription http://www.costofadipex375.com/#order-adipex-online-no-prescription , [url=http://www.costofadipex375.com/#adipex-37.5mg ]adipex 37.5mg [/url]

Anonymous said...

hello prednisone for sale - prednisone medication http://www.prednisoloneforcheap.net/#prednisone-medication , [url=http://www.prednisoloneforcheap.net/#prednisone-no-prescription ]prednisone no prescription [/url]

Anonymous said...

They do not require as much work as many other
animals do and are really fun to watch. Some
Local News papers/journals/ tabloids/Magazines focus on regional happenings
and target local audiences/ readers. He becomes
a different person once he dons his uniform to the
sound of the orchestra warming up. Sometimes local PR
can attract better business for you than an article in Indian
media. The contempt he held for America had little to do with
politics and democracy.

Here is my site ... click here

Anonymous said...

order plavix tablets [url=https://flavors.me/nadobabla#0e0x]priligy online[/url] [url=https://flavors.me/zithromaxhere#9u3q]zithromax no prescription[/url] priligy pharmacy USA axb order atarax without prescription kgg generic strattera clomid kamagra price clomid pharmacy no rx pgu

Anonymous said...

order plavix tablets [url=https://flavors.me/nadobabla#0e0x]priligy online[/url] [url=https://flavors.me/zithromaxhere#9u3q]zithromax no prescription[/url] priligy pharmacy USA axb order atarax without prescription kgg generic strattera clomid kamagra price clomid pharmacy no rx pgu

Anonymous said...

12, [url=http://www.acomplia20mgonline.com/]acomplia for sale [/url] - acomplia without prescription - acomplia uk http://www.acomplia20mgonline.com/.

Anonymous said...

In many cases, a person will reach a point where they desperately seek relief and solutions for their
issues. The Bluetooth Headset is a symbol of recognition and acceptance.

Pick out ideal food for our daily lifestyle may be the basis to remedy
the root in the yeast. If the other driver makes any
admissions of fault, write those down as well.
Finally, I think anyone would be inspired by Lynda's story.

Here is my homepage: military pay cpi 2009

Anonymous said...

It's hard to come by experienced people about this topic, but you sound like you know what you're talking about!
Thanks

my homepage; the tao of badass