Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

PrecisionAir to sale Shs. 2.7 Billion shares

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by bagamoyo, Sep 3, 2011.

  1. b

    bagamoyo JF-Expert Member

    #1
    Sep 3, 2011
    Joined: Jan 14, 2010
    Messages: 3,096
    Likes Received: 735
    Trophy Points: 280
    By PAUL WAFULA pwafula@ke.nationmedia.com
    Posted Friday, September 2 2011 at 20:52


    Precision Air, the Tanzanian airline partly owned by Kenya Airways, will sell part of its shares to the public in October to raise Sh2.7 billion to support its fleet expansion.The airline will list at the Dar es salaam Stock Exchange.


    The initial public offering will see both Kenya Airways, currently holding 49 per cent stake and Tanzanian businessman Michael Shirima, with 51 per cent stake, dilute their shares to 34.2 per cent and 34.6 per cent, respectively. A total of 55 million new shares will be issued.


    The public offering has had two false starts, in late in 2010 and in April 2010, in what the management says were delays in getting approvals from regulatory bodies in Tanzania.


    Final approval

    “We now have the greenlight from our stock exchange and, with the final approval from (Tanzania) Capital Markets Authority expected in two weeks, we should be able to go public by October,” said Mr Alfonse Kioko, the airline’s managing director.


    The Kenya Airways management says the deal was approved in July last year in readiness for the additional issue of shares to help Precision increase its fleet.

    More info and source: Daily Nation: - Business News |Airline to sell Sh2.7bn shares
     
  2. M

    Malyamungu JF-Expert Member

    #2
    Sep 3, 2011
    Joined: Jul 5, 2009
    Messages: 364
    Likes Received: 0
    Trophy Points: 0
    just asking how much will 1 share cost? and who may stand over monitoring my share not to undergoing falling and become bankrupt?? I am Tanzanian diasporal in overseas. Please help out as long i may just a bit contributing to my country of birth economy growth.
     
  3. Buswelu

    Buswelu JF-Expert Member

    #3
    Sep 3, 2011
    Joined: Aug 16, 2007
    Messages: 1,975
    Likes Received: 22
    Trophy Points: 135
    Kwa sababu wako na kenya airways...lakini bado hawa jamaa hawana record nzuri katika kutoa gawio....Michael Shirima ni kiini macho......
     
  4. Husninyo

    Husninyo JF-Expert Member

    #4
    Sep 3, 2011
    Joined: Oct 24, 2010
    Messages: 23,718
    Likes Received: 395
    Trophy Points: 180
    <br />
    <br />
    hebu elezea vizuri basi watu wasiingizwe chaka.
     
  5. M

    Malyamungu JF-Expert Member

    #5
    Sep 3, 2011
    Joined: Jul 5, 2009
    Messages: 364
    Likes Received: 0
    Trophy Points: 0
    Yap!! maneno hayo
     
  6. M

    Malyamungu JF-Expert Member

    #6
    Sep 3, 2011
    Joined: Jul 5, 2009
    Messages: 364
    Likes Received: 0
    Trophy Points: 0
    Yap!! maneno hayo kaka
     
  7. Husninyo

    Husninyo JF-Expert Member

    #7
    Sep 3, 2011
    Joined: Oct 24, 2010
    Messages: 23,718
    Likes Received: 395
    Trophy Points: 180
    <br />
    <br />
    yap. Ngoja tusikilizie dada.
     
  8. AirTanzania

    AirTanzania JF-Expert Member

    #8
    Sep 3, 2011
    Joined: Mar 17, 2011
    Messages: 907
    Likes Received: 43
    Trophy Points: 45
    Kama wapo na wakenya, No Thanks
     
  9. m

    maskin Member

    #9
    Sep 3, 2011
    Joined: Oct 27, 2010
    Messages: 67
    Likes Received: 4
    Trophy Points: 15
    biashara ya anga ni ngumu sana sio kwa tanzania tu kwa hiyo kama watanzania wanataka kuwekeza huko kwa kununua hizo share inbidi wawe makini sana sana,especial kwa biashara inayochipukia kama precionair inaonyesha hawana hela kwa kipindi chote walichofanya biashara sasa inabidi wa issue share ili wapate hela ili kuwekeza kwenye hiyo biashara,ukiangalia owners wenyewe kenya airways na shirima kama wangekuwa wanapata faida nzuri wangewekeza wenyewe kwani nani asiyependa kupata gawio zuri,yasije yakawa kama kampuni ya nicol tu hayo ni mawazo yangu tu
     
  10. MJIMPYA

    MJIMPYA JF-Expert Member

    #10
    Sep 3, 2011
    Joined: Mar 27, 2011
    Messages: 441
    Likes Received: 10
    Trophy Points: 35
    Dear Tanzanian,

    Investing in shares is a very risky business (thus demanding higher return), technically the co. has no any legal obligation to pay dividend, your capital is non-refundable in any case. Dividend depend on Co. performance and decision by the board of directors.
    Some hints to help u make a decision (especially if u want to hold shares for a long time).
    -The future performance of the Co should be promising
    -The b/directors should be a responsible board (the way I see, Mr.Shirima & KQ will retain big share and will dictate terms)
    -The regulator(CMSE) should be a strong body to oversea the market (I doubt its credibility + our laws & regulations)
    -The mkt should be liquid for ur share to appreciate when their is good news about the Co.
    -The laws should protect investors by avoiding illegal speculators and inside jobs (I also doubt on this)
    For short term investors, i suggest buy the shares during the IPO period, then quickly sell your shares few days when the secondary markt starts (i.e on DSE). This will profit u a lot as it is widely known that shares do experience 1st day high returns.
    But also mind u, place a big order during IPO bse many will rush for it and allotment will be implemented (money will be returned).
    For those expecting to hold shares for a long period, this is good investment (ceteric paribus).

    Note: People like Dividend, but dividend technically does not increase your return, you can increase your return by selling shares when the price goes up (capital gain), this pays u more than dividend. But people value dividend more than capital gain (psychological/mental accounting).
    Nitakuja na maelezo zaidi nikijaliwa muda.
     
  11. Prodigal Son

    Prodigal Son JF-Expert Member

    #11
    Sep 3, 2011
    Joined: Dec 9, 2009
    Messages: 955
    Likes Received: 23
    Trophy Points: 35
    Man dont be scared, if you are not satisfied with PW Shares why dont you invest in other companies trading at DSM Stock Exchange? prefarably TBL, TCC and Simba Cement? if you have money its better to take action now, you can even use brokers such as Orbit Securities, they can give you a proffessional advice.

    You can use the website below to get more information DSE:- Market Partcipants / Brokers and Capital Markets & Securities Authority - Tanzania

    All the best
     
  12. Prodigal Son

    Prodigal Son JF-Expert Member

    #12
    Sep 3, 2011
    Joined: Dec 9, 2009
    Messages: 955
    Likes Received: 23
    Trophy Points: 35
    Mkuu Kila Biashara ni Ngumu

    Kuna kupata faida at the same time hasara, sioni sababu hata kidogo kwanini uwe na mashaka,Hawa jamaa wanajitahidi tena saana, naamini kama hili shirika lisingekuwepo ingekuwa ni aibu kwa taifa nzima, iko wapi ATC? kumbuka wakianza kuuza share zao DSE hawatadhubutu kufanya ujinga kwani wanatakiwa wafuate sheria na taratibu, na kwa jinsi hali ya soko ilivyo hawa jamaa wana future nzuri saana.

    Kinachotuangamiza Watanganyika wengi ni uoga usiokuwa na maana kabisa, kumbuka hawa jamaa walichukua mkopo mkubwa CITY BANK wakaweza nunua ndege zaidi ya 8 mpya na naamini wamesharudisha mkopo wote, hii ya kukusanya mkopo kwa kuuza share ni kitu cha kawaida kabisa kwa ulimwengu wa leo.

    wewe usiogope unaweza nunua share zako unakaanazo bei ikipanda unaziuza unafanya kitu kingine kumbuka kuna walionunua share za TBL kipindi hicho bei ilipokuwa nzuri waliziuza na kuweza kujijenge nyumba nzuri tuu, huu ni uwekezaji mzuri kuliko hata kuweka pesa bank
     
  13. MJIMPYA

    MJIMPYA JF-Expert Member

    #13
    Sep 3, 2011
    Joined: Mar 27, 2011
    Messages: 441
    Likes Received: 10
    Trophy Points: 35
    Another Clue about IPOs

    It is widely known that airline industries rely heavily on debt and not equity (this is the practice of this industry because of their reliable fixed assets). For developed markets, announcing to issue equity signal a bad news. It mean the co is no longer optimistic about its future operation and cash flows to service the debt, so they are opting for cheap source of finance (issuing shares).
    Is this the case for PW? As an investor u can ask ur self such qns and make an informed decision.
     
  14. Mazingira

    Mazingira JF-Expert Member

    #14
    Sep 5, 2011
    Joined: May 31, 2009
    Messages: 1,837
    Likes Received: 11
    Trophy Points: 135
    Husninyo kuwa mpole tu dadangu naona jamaa kakuuzi kukuita "kaka" nawe ukaamua kulipizia kumwita "dada", ingawa anaweza kweli akawa ni mdada. Tatizo ni haya majina yetu ya bandia hapa yasiyoonyesha jinsia zetu labda tu kwa wale walioweka avatar zenye kuonyesha jinsia zao. Ni kwa msomaji wa mara kwa mara hapa ndo anaweza kujua jinsia za baadhi ya members kutokana na michango yao kwenye majukwaa mbalimbali
     
  15. N

    Ndinani JF-Expert Member

    #15
    Sep 5, 2011
    Joined: Aug 29, 2010
    Messages: 5,105
    Likes Received: 509
    Trophy Points: 280
    Tuna kila sababu ya kuwa waoga na kampuni za kiswahili kwani zote zilizokuwa listed DSE zimewaliza wananchi tokea TOL mpaka NOCOL!! Uwezo wa REGULATOR wa soko letu la hisa ni wa mashaka na hii inapelekea DSE yaani soko la hisa kutofanya vizuri ingawa INTERGRITY ya viongozi wa bodi ya regulator [ Chairman Dr. Rashid of RADAR scandal fame] pia inachangia performance ya soko hasa to the informed clientele. CEO wa regulatory authority has also overstayed; the aothority needs to be revamped.
     
  16. Power G

    Power G JF-Expert Member

    #16
    Sep 5, 2011
    Joined: Apr 20, 2011
    Messages: 3,879
    Likes Received: 17
    Trophy Points: 135
    Mimi nasubiri kununua ikulu itakapouzwa na mafisadi muda si mrefu bada ya kumaliza kuuza maliasili zote za nchi yetu.
     
  17. Kinyungu

    Kinyungu JF-Expert Member

    #17
    Sep 5, 2011
    Joined: Apr 6, 2008
    Messages: 2,798
    Likes Received: 925
    Trophy Points: 280

    Dah; imeshafikia huku!
     
  18. FIDIVIN

    FIDIVIN Senior Member

    #18
    Sep 6, 2011
    Joined: Aug 4, 2010
    Messages: 187
    Likes Received: 0
    Trophy Points: 0
    Angalia usije suburi kama yule fisi aliyekuwa akifuatilia mikono idondoke aichukue mpaka akastukia jamaa anatinga ndani bila kudondosha mikono yake!
     
  19. Mtanganyika

    Mtanganyika JF-Expert Member

    #19
    Sep 7, 2011
    Joined: Jul 18, 2007
    Messages: 1,581
    Likes Received: 120
    Trophy Points: 160
    Wakuu, hakuna mwenye uwezo wa kufanya stock price valuation bila kuona Balance Sheet ya Precision Air. Wale ambao mnacopy analyst kwenye website mbali mbali ambao wanasema airline company zina high debt to equity ratio mnaweza kuwa mnamislead watu sababu Tanzania/Africa business ni tofauti na west ambapo American Airlines most of their assets ni lease to own assets, matokeo yake wanakuwa kwenye heavy debt, storry inaweza kuwa tofauti kwa Precision.

    I wont think twice to own precision and here are the reasons: 1. Airline industry in Tanzania bado hajawa saturated na Precision sababu wamekuwa kwenye game kwa muda wana chance ya kudorminate Tanzania Market. Hivyo future cash inflow yao bado ni positive, so dividend payout ni feasible. 2. Partnership with many International major Airlines kwa kutumia either Nairobi hubs, KLM, British and many zinaweza kusave cost na kukolect small amount of fee kwa kushare route na Precision hii itaiongezea Precision activities. 3. Tanzania economic growth, uchumi wa Tanzania unaendelea kukua katika sector na areas mbali mbali, hivyo more route zitaongezeka in the future.

    Again, ili kuwekeza kwenye hii kampuni ni lazima tuweze kuona some kind of financials. Lakini I will be on top of the list kununua shares.
     
Loading...