Scangroup IPO II

from the prospectus:

Gross Proceeds of the Offer: KES 721,050,000

for 12 Months ending Dec 2005  (150 000 000 shares)
EPS 0.96
NAV 1.58
DPS 0.23
Offer Price to Book Value (NAV)  6.61 Times
Implied historic PE based on EPS  10.88 Times
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for 12 Months ending Dec 2006/ (159 000 000 shares)

Forecast EPS 1.05
Forecast DPS 0.79

Implied future PE based on forecast EPS and Offer Price - 9.95 Times
Implied future Dividend Yield based on forecast DPS and Offer Price - 7.56%

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Allocation of 69,000,000 shares on Offer:

A - Employees of Scangroup and Scangroup Subsideries - 3,450,000 Shares - 5%
B - Corporate Investors - 31,050,000 - 45%
C - Individual Members of Public - 34,5000,000 - 50%

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Dividend policy of approx 75 % of companies annual after tax profit

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Trading

29th August 2006

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I think i should get me some of these - if only for speculative purposes.
Company has been on an upward growth curve, net profits are projected to increase again.
Business is not capital intensive

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Scangroup IPO

I just got hold of the prospectus and i'm now looking through it..

Hopefully: HFCK and Sameer go out and Scangroup Comes in.

More on what i think about the IPO later (after i read).

Details of the IPO.

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FOSS: Software CD's delayed by Posta

I've been told that some 300 CD's of Ubuntu Linux have been detained by Posta. They were donated to LPA-Kenya, the Linux Professionals Association by the Shuttleworth Foundation. I don't understand these guys, considering that this software is totally free, (free source, free download, free postage even!). So even if duty is to be paid.... the maths is elementary.

I expect my personal consignment any time now and hope that they don't act funny. The last time I did this, the consignment was posted to me and I had no issues collecting it. A friend of mine however was asked to pay duty of about 2000+ and of course he told them to keep the CD's.
I already have a download of the CD's I'm expecting; it's just that the CD covers are soo coool...

Ubuntu Linux - version 6.06 is rated top ahead of Suse Linux and Fedora for the Desktop.

I believe the Free and Open Source Software is the way to go for Africa, and indeed the world as regards to IT based systems and applications.

sudoku

My latest craze... (like a good number of people)... is sudoku... Just an interesting way of harassing people.

Check out www.strictlysudoku.com.... get ranked!

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Italia, My 1st and 2nd XI of the world cup

Zidane must have simply forgotten where the ball was.. Perhaps it was in an alternate reality :)

Based on their performance throughout the tournament (except the USA game) Italy deserved to win the Cup. France did really well, especially in the final. Henry didn't score as i expected.. but the italian defence was superb.

My starting XI (2nd XI) of the World Cup:

1 - Ricardo (Buffon) - Portugal (Italy)

2 - Zambrotta ( Miguel) - Italy (Portugal)

3 - Grosso (Lahm) - Italy (Germany)

4 - Thuram (Mensa) - France (Ghana)

5 - Cannavaro (Toure) - Italy (Ivory Coast)

6 - Gattuso (Viera) - Italy (France)

7 - Ribery (Schweinsteiger) - France (Germany)

8 - Zidane (Pirlo) - France (Italy)

9 - Henry (Podolski) - France (Germany)

10 - Klose (Toni) - Germany (Italy)

11 - Ronaldo (Kaka)  - Portugal (Brazil)

Now enough blogging about soccer... I take a soccer blogging break till August !

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