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QUOTE
Do not put all your savings in one investment, but build a diversified
portfolio of investments.
SHARES
Understanding Shares
Shares
A share of
ownership in a
company
Shareholder
Owner of the
shares
UMEME (IPO-2012)
Compound Annual
Share Price as at
Return on
Growth Rate
5th June 2015
Investment over the
(CAGR)
of the Share
(Ushs)1
period (%)
Price(%)
4,000
18,000
350.00
11
1,000
8,525
752.50
15
600
2,925
387.50
12.96
230
2,253
879.35
23.05
200
605
202.50
10.59
70
272
288.57
16.28
45
72.9
62.00
10.13
245
470
91.84
24.25
1 This is an adjusted share price taking into consideration various corporate actions to ensure that the IPO price and the
current price are in the same units
* These prices have taken into consideration share splits and bonus issues
CORPORATE ACTIONS
Uganda Clays: Share Split
Number Of Shares at
IPO
Value of Shares
at IPO (Ush)
No. Of shares
after share split
in 2006 of 10 for
every one held
No. of shares
after second
share split of 100
shares for every
share held
Value of shares as
at 30th April 2015
1,000
4,000,000
10,000
1,000,000
18,000,000
CORPORATE ACTIONS
Bank of Baroda: Share Splits & Bonus Issues
Number Of
Shares at IPO
Value of Shares
at IPO (Ush)
No. of shares
after share
split of 10
shares for
every 1 share
held in 2008
No. of shares
after bonus
issue of 1.5
shares for
every 1 share
held in in
2011
No. of shares
after bonus
issue of 1.5
shares for
every 1 share
held in 2012
Value of shares
as at 30th April
2015 (Ush)
1,000
600,000
10,000
25,000
62,500
8,125,000
CORPORATE ACTIONS
DFCU Bank: Bonus Issue
Number Of Shares at
IPO
Value of Shares
at IPO (Ush)
No. of shares
after bonus
issue of 1 share
for every 4
shares held in
2005
No. of shares
after bonus
issue of 1 share
for every share
held in 2014
Value of shares s
at 30th April 2015
(Ush)
1,000
230,000
1,250
2,500
2,232,500
CORPORATE ACTIONS
Stanbic Bank: Bonus Shares
Number Of Shares at
IPO
Value of
Shares at IPO
(Ush)
No. of shares
after bonus
issue of 1 share
for every share
held in 2011
No. of shares
after second
bonus issue of 4
shares for every
share held in
2012
Value of shares as
at 30th April 2015
(Ush)
1,000
70,000
2,000
10,000
340,000
CORPORATE ACTIONS
NIC: Rights Issue and Bonus Shares
Number Of Shares at
IPO
Value of Shares
at IPO (Ush)
No. of shares
after rights
issue of 4
shares for every
5 shares held
No. of shares
after bonus
issue of 1.38
shares for every
share held
Value of shares as
at 30th April 2015
(Ush)
1,000
45,000
1,800
4,284
72,828
270,000
260,000
250,000
240,000
230,000
220,000
210,000
200,000
190,000
180,000
170,000
160,000
150,000
140,000
130,000
120,000
110,000
100,000
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
IPO Price
24-Aug-00
13-Nov-01
12-Nov-02
4-Nov-03
8-Feb-05
19-Jul-05
3-Jan-06
3-Jul-06
17-Oct-06
12-Mar-07
26-Jun-07
8-Oct-07
4-Feb-08
22-May-08
9-Sep-08
5-Jan-09
21-Apr-09
4-Aug-09
16-Nov-09
4-Mar-10
8-Jul-10
19-Oct-10
15-Feb-11
2-May-11
7-Jul-11
8-Sep-11
9-Nov-11
11-Jan-12
15-Mar-12
21-May-12
20-Jul-12
20-Sep-12
6-Dec-12
12-Feb-13
18-Apr-13
21-Jun-13
23-Aug-13
28-Oct-13
31-Dec-13
4-Mar-14
8-May-14
11-Jul-14
12-Sep-14
14-Nov-14
21-Jan-15
25-Mar-15
29-May-15
9,000
8,500
8,000
7,500
IPO Price
26-Apr-01
1-Aug-02
1-Mar-05
4-Aug-05
5-Jan-06
27-Jun-06
3-Oct-06
19-Feb-07
31-May-07
4-Sep-07
13-Dec-07
1-Apr-08
15-Jul-08
27-Oct-08
10-Feb-09
19-May-09
25-Aug-09
30-Nov-09
15-Mar-10
8-Jul-10
12-Oct-10
1-Feb-11
15-Apr-11
21-Jun-11
17-Aug-11
14-Oct-11
12-Dec-11
9-Feb-12
11-Apr-12
8-Jun-12
6-Aug-12
2-Oct-12
13-Dec-12
14-Feb-13
17-Apr-13
17-Jun-13
14-Aug-13
11-Oct-13
10-Dec-13
10-Feb-14
8-Apr-14
11-Jun-14
8-Aug-14
6-Oct-14
4-Dec-14
5-Feb-15
7-Apr-15
5-Jun-15
7,000
6,500
6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
13,000
12,500
12,000
11,500
11,000
10,500
10,000
9,500
9,000
8,500
8,000
7,500
7,000
6,500
6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
IPO Price
6-May-04
10-May-05
20-Oct-05
27-Apr-06
5-Sep-06
1-Feb-07
24-May-07
6-Sep-07
7-Jan-08
22-Apr-08
12-Aug-08
4-Dec-08
30-Mar-09
16-Jul-09
29-Oct-09
18-Feb-10
28-Jun-10
11-Oct-10
8-Feb-11
28-Apr-11
6-Jul-11
8-Sep-11
10-Nov-11
13-Jan-12
20-Mar-12
25-May-12
27-Jul-12
28-Sep-12
17-Dec-12
22-Feb-13
2-May-13
5-Jul-13
9-Sep-13
13-Nov-13
20-Jan-14
24-Mar-14
29-May-14
5-Aug-14
7-Oct-14
11-Dec-14
18-Feb-15
24-Apr-15
2,500
IPO Price
5-Apr-05
30-Aug-05
2-Feb-06
10-Jul-06
16-Oct-06
26-Feb-07
5-Jun-07
6-Sep-07
13-Dec-07
31-Mar-08
8-Jul-08
16-Oct-08
29-Jan-09
5-May-09
10-Aug-09
10-Nov-09
18-Feb-10
15-Jun-10
16-Sep-10
4-Jan-11
29-Mar-11
30-May-11
27-Jul-11
22-Sep-11
17-Nov-11
13-Jan-12
13-Mar-12
11-May-12
6-Jul-12
31-Aug-12
7-Nov-12
10-Jan-13
11-Mar-13
9-May-13
5-Jul-13
2-Sep-13
30-Oct-13
27-Dec-13
24-Feb-14
23-Apr-14
23-Jun-14
19-Aug-14
15-Oct-14
11-Dec-14
11-Feb-15
10-Apr-15
2,000
1,500
1,000
500
2,800
2,600
2,400
IPO Price
26-May-05
18-Oct-05
30-Mar-06
7-Aug-06
16-Nov-06
22-Mar-07
26-Jun-07
25-Sep-07
10-Jan-08
14-Apr-08
21-Jul-08
27-Oct-08
5-Feb-09
11-May-09
11-Aug-09
10-Nov-09
16-Feb-10
10-Jun-10
9-Sep-10
27-Dec-10
22-Mar-11
19-May-11
18-Jul-11
12-Sep-11
4-Nov-11
30-Dec-11
24-Feb-12
24-Apr-12
19-Jun-12
13-Aug-12
5-Oct-12
14-Dec-12
13-Feb-13
12-Apr-13
10-Jun-13
2-Aug-13
27-Sep-13
25-Nov-13
22-Jan-14
18-Mar-14
15-May-14
11-Jul-14
5-Sep-14
31-Oct-14
30-Dec-14
25-Feb-15
23-Apr-15
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
2,800
2,600
IPO Price
24-May-05
11-Oct-05
16-Mar-06
27-Jul-06
2-Nov-06
6-Mar-07
11-Jun-07
6-Sep-07
10-Dec-07
18-Mar-08
24-Jun-08
23-Sep-08
5-Jan-09
6-Apr-09
7-Jul-09
5-Oct-09
5-Jan-10
27-Apr-10
27-Jul-10
25-Oct-10
7-Feb-11
14-Apr-11
15-Jun-11
8-Aug-11
30-Sep-11
23-Nov-11
17-Jan-12
13-Mar-12
9-May-12
2-Jul-12
23-Aug-12
23-Oct-12
24-Dec-12
20-Feb-13
18-Apr-13
13-Jun-13
6-Aug-13
30-Sep-13
25-Nov-13
21-Jan-14
14-Mar-14
12-May-14
7-Jul-14
29-Aug-14
23-Oct-14
17-Dec-14
13-Feb-15
10-Apr-15
5-Jun-15
2,400
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
80
IPO Price
8-Jun-10
3-Aug-10
28-Sep-10
25-Nov-10
3-Feb-11
24-Mar-11
29-Apr-11
7-Jun-11
12-Jul-11
15-Aug-11
19-Sep-11
21-Oct-11
24-Nov-11
29-Dec-11
2-Feb-12
7-Mar-12
13-Apr-12
18-May-12
21-Jun-12
25-Jul-12
28-Aug-12
1-Oct-12
16-Nov-12
21-Dec-12
29-Jan-13
5-Mar-13
11-Apr-13
16-May-13
20-Jun-13
24-Jul-13
28-Aug-13
1-Oct-13
6-Nov-13
10-Dec-13
16-Jan-14
19-Feb-14
25-Mar-14
30-Apr-14
5-Jun-14
10-Jul-14
14-Aug-14
17-Sep-14
22-Oct-14
25-Nov-14
2-Jan-15
6-Feb-15
12-Mar-15
17-Apr-15
22-May-15
60
40
20
600
IPO Price
18-Dec-12
9-Jan-13
28-Jan-13
15-Feb-13
6-Mar-13
26-Mar-13
16-Apr-13
6-May-13
23-May-13
12-Jun-13
1-Jul-13
18-Jul-13
6-Aug-13
26-Aug-13
12-Sep-13
1-Oct-13
22-Oct-13
8-Nov-13
27-Nov-13
16-Dec-13
7-Jan-14
24-Jan-14
12-Feb-14
3-Mar-14
20-Mar-14
8-Apr-14
29-Apr-14
19-May-14
6-Jun-14
26-Jun-14
15-Jul-14
4-Aug-14
21-Aug-14
9-Sep-14
26-Sep-14
16-Oct-14
4-Nov-14
21-Nov-14
11-Dec-14
2-Jan-15
21-Jan-15
10-Feb-15
27-Feb-15
18-Mar-15
8-Apr-15
27-Apr-15
15-May-15
4-Jun-15
500
400
300
200
100
INVESTING IN SHARES:
SELECT COUNTERS
FROM THE NAIROBI
SECURITIES EXCHANGE
(NSE)
1.13
51.96
4498.16
15.23
0.22
2.65
1103.41
11.43
0.25
1.13
353.23
7.10
0.94
9.08
866.06
11.40
0.2
0.26
29.64
1.39
0.21
5.27
2409.54
19.61
0.22
1.79
711.62
12.35
0.97
20.48
2011.43
40.34
0.17
0.11
-36.78
(4.72)
0.15
1.04
592.01
24.00
0.14
0.23
61.50
6.40
0.14
0.32
131.09
12.54
0.07
0.22
213.70
17.77
0.10
0.20
101.88
18.92
This is an adjusted share price taking into consideration various corporate actions to ensure that the IPO price and the
current price are in the same units
from
an
REAL ESTATE
Products: Land, Real Estate Development for sale or Rental
Advantages: Higher returns on principal capital/investment
over the long-term, in most cases beats/outperforms inflation
Disadvantages: Higher risks over the short-term, Illiquid,
supervision required, very limited or no transparency, high
probability of investment fraud
FIXED INCOME
Products: Fixed Deposits, Treasury
,Corporate Bonds and Money Lending
Bills,
Treasury
Bonds
SHARES
Products: Companies listed on the Uganda Securities Exchange
& Nairobi Securities Exchange
Advantages: Higher returns on principal capital/investment
over the long-term, in most cases beats/outperforms inflation,
no supervision required, transparent, liquid, low probability of
investment fraud
Disadvantages: Higher risks over the short-term, rank last in
priority in case of liquidation
6,500
786,500
BOBU
110
13,310
CENT
1,228
148,588
DFCU
1,220
147,620
EABL
8,961
1,084,281
EBL
1,347
162,987
JHL
12,027
1,455,267
KA
302
36,542
KCB
1,593
192,753
NIC
25
3,025
NMG
9,169
1,109,449
NVL
590
71,390
SBU
30
3,630
UCHM
357
43,197
UCL
20
2,420
UMEME
390
47,190
BAT
COLLECTIVE INVESTMENT
SCHEMES
10.14 %
11.83 %
9.98%
BONDS
Bonds Defined
BOND
Receive Regular
Interest Payments &
or Part Principal
Payments
Principal Paid
at Maturity
A bond
is like
commercial
bank loan
where the
Borrower pays
regular
interest and or
part principal
payments until
the bond
Matures
Bonds can either
be Corporate
Bonds for Private
Companies or
Treasury
Bonds/Bills for
Government
FACE VALUE (also called par value): This is the value of the
bond as given on the certificate or instrument. This is the value
the bond holder will receive at maturity unless the issuer
defaults. The bond can be bought at par value, premium or
discount.
Bond
Price
Prevailing Market
Interest Rates
Prevailing Market
Interest Rates
Bond
Price
The price
investors are
willing to pay
for a bond is
affected
largely by
prevailing
interest rates.
Buyers look
for a low
price.
25
20
15
10
Savings deposits
OFF-SHORE PRODUCTS
Off-Shore Products
NUGGETS OF
INVESTMENT WISDOM
IMPORTANT CONTACTS
#cmauganda
Uganda Securities
Exchange/Securities Central
Depository
LICENSED BROKER/DEALERS
LICENSED BROKER/DEALERS
ICEA Investment
Services Ltd
Profin Group
(Uganda) Limited
End
QUESTIONS?????