BATU annual report

BATU annual report was released in the press earlier in the month.

They have turned from a loss making entity into a profit making one again.
Equity is still currently negative.

I am still many years away from buying this one though.

They need to prove themselves.

High turnover on USE, Safaricom IPO impact

This week has had the highest turnover to date of the USE since inception.

On one particular day, turn over was 12 Billion UGX.

6 - BOBU - a block transfer of shares on an all or nothing basis (AON)
4 - BATU - announced a profit after making losses.
2 - UCL due to rights issue being second last trading day for the rights issue

In spite of the impending Safaricom IPO, we have so far not seen price drops as
shareholders liquidate existing share to purchase at the IPO in spite of several newspapers
and TV stations reporting drops in prices. I wonder where they are looking because this is not the case *yet*

No offers on counters/ rights trading on UCL

Trading on the stock exchange is very light, there are alot of bids on all counters but no offers.

On many counters it is impossible to actually buy anything because I am told people are holding
out for dividends ...

The rights trading on Uganda Clays has kicked off.