Porters Wheel Slowing Down on USE as Clay Company’s Share Price Drops!
Investors are very upset and nervous. Something has to change or else the company’s value will plummet back to the mud! A different strategy urgently required.
In a period of only three months, shares of Uganda Clays Limited, (UCL) have lost market value by Shs8.1b.
The share price, according to market statistics from the Uganda Securities Exchange (USE) indicate that Uganda Clays’ share price has dropped from Shs29 in April to Shs20 in June.
The drop has resulted into a decline in market capitalisation, which stood at Shs26.1b in April, a Shs8.1b difference from June, when it was at Shs18b.
UCL, which listed 900m ordinary shares in 2000 has had a turn of bad luck over the years, failing to make a profit.
However, the company has in the last two years returned to probability.
In 2017, Uganda Clays registered a profit after tax of Shs2.39b and grew its revenues by 4.5 per cent to Shs27.20b up from Shs26b in 2016
“Since it is been small volumes, they could be looking to make some money and it is why they are selling. At the moment, buyers are dictating the price, and not the sellers. Buyers have been bidding at low prices which the sellers have also taken,” she said…
Read complete article: Monitor
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Uganda Clays Limited (UCL.ug)Share price: 15.00 Shillings (0.00 | 0.00% – 22/03/23)
Recent Documents & News
Uganda Clays Limited (UCL.ug) HY2022 Interim Report – August 31, 2022
Uganda Clays Limited (UCL.ug) 2021 Annual Report – June 23, 2022
AGM, Corporate announcement
Uganda Clays Limited to hold its AGM on the 29th of June 2022 – May 13, 2022
Corporate announcement, Dividends
Uganda Clays Limited declares a final dividend of 1.5 UGX per share – April 28, 2022
Uganda Clays Limited (UCL.ug) 2021 Abridged Report – April 19, 2022