Wednesday, February 27, 2008

some google links to companies listed on the uganda securities exchange

Having scanned the net for a one stop shop for annual financial information, I have come
up with the following:

NVL
DFCU
UCL
SBU
BOBU
BATU

It does not contain any financials, this lists all companies on the exchange.

It may in future be good for obtaining news about companies, sadly there is no Google alerts for it.

Saturday, February 23, 2008

The boom from Oct to Dec

There was a sudden and sharp rise in share prices on several counters for the
period Oct - Dec 2007.

Witness the following:
dfcu 400 to 700 75%
nvl 425 to 1150 170%
sbu 140 to 230 64%
ucl 3700 to 5255 42%

If we put that in annual terms:
dfcu 300%
nvl 680%
sbu 256%
ucl 168%

Hows that for a return? I am almost kicking myself why I didnt start in August, I would
probably been up 150% !

The real mystery here is what happened in those months?

Ok, so NVL reported fair results, what about the rest? I suspect it was our neighbours Kenyans
moving into the Ugandan market in preparation for thier own elections in December which turned
out rather badly as seen by the rioting early this year.

Price information from mbea stock brokers website who have by far the best reporting of all brokers
in the country -- kudos to them, I may yet move to investing with them.

Some sucess securing information from Uganda Securities Exchange

I took a stroll to the USE library and spent quite abit of time trying to locate any
annual reports there.

I wish they would publish this information on thier site or give pointers to where it could be found.

Currently in my posession are soft copies of half year results for june 2007 for the following companies
1. Dfcu
These are trying to integrate thier leasing business which thier banking operations and this is hoped to be
complete this year. The business has had a pounding because of thier forex positions with respect to the dollar.

2. Bobu
No website.
Showing increase interest in lending to the public as opposed to treasury bills and bonds. They are also putting in a new banking
system to replace the one they have now.

3. Nvl
Want to start a tv station as well as radio station; should be fully operational by now. There seems to be alot of
excitement about thier share price at the momemt.

4. Sbu
Website seems to be south africa specific with regard to investment.
What can I say, they continue churning out profits though I think the share price is already ahead of itself.

5. Ucl
Sadly my data is from Dec 2006 - no website. Have completed rights issue which generated alot of excitement.

6. Batu
I have never suceeded getting any information here, though the share price jumped from 300 in October to 780 in December on rumours of return to profitablity.

Thursday, February 21, 2008

Starting out investing in Ugandan Stock Market

Today,much to my distress, I seem to be failing to find current annual reports on the various companies
trading on the Uganda Securities Exchange http://www.use.or.ug

I have been considering starting an annual financial report swapping website but wonder if there is
interest in this.

If you are interested in swapping reports, please holler!