So, those words on the press release are what UMEME is calling quarterly report. No numbersᶗ Talk of courting press more than the shareholders. Poor shareholders

Look at the pot calling the kettle black .... truly ignorant .... you should know what is top notch quarterly disclosure .... its not that press release .... n'way, we are all in this for the money, welcome to nse (crosslist)

Do the shares need to be 'immobilized' or 'transferred' to CDSC/Kenya before they can be sold?

BIDS 50,000
Quantity Price Splits Time
10,000 8.75 1 11:04:21
25,000 2.05 1 11:04:21
15,000 2.00 2 11:04:21
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ASKS -
Quantity Price Splits Time
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TRADES
Quantity Price Time
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Yes but apparently the shares have not been uploaded on CDSC so you can buy but not sell!

According to the information memorandum, 34.33 million shares or 2.11 per cent of issued shares of the power distributor were held by individuals with Kenyan addresses. They have to open electronic accounts to be eligible for allocation.

These investors will now transfer those shares, which are currently in electronic form, into a physical certificate, bring the document to Nairobi and convert them again into electronic form so as to trade.

Peter Muthaura, acting chief executive officer Capital Markets Authority, said the regulators were reviewing the structure and implementation could start by the end of the first quarter of next year.

http://www.businessdailyafrica....54/-/ubon24/-/index.html

Umeme shares fail to trade at NSE for second day - http://www.businessdaily...2/-/7pid8z/-/index.html

@USE, reading Zero demand Vs 2,872,092 supply link
@NSE, Unlikely to trade for a long time

@the deal, not a good position that

The same thing happened to KPLC. Right after the Rights Issue, the proposed Power Hike was 'delayed' for political purposes.

Government delays higher power tariffs. The government has delayed the increase of electricity tariffs, which was to be effected in two weeks. Officials from the Finance ministry met their counterparts from the Electricity Regulatory Authority (ERA) and agreed to the temporary relief for power consumers in order to allow further consultations. ERA was scheduled to increase tariffs for domestic consumers, commercial consumers, medium industries, large industries and streetlights by 7%, 7.8%, 1.5%, 4.5% and 11.7% respectively. On top of the increase, ERA was planning to roll out a new system of computing tariffs every month based on underlying economic data, such as inflation and the exchange rate. Industry sources say the country will soon have to fall back on the more expensive thermal power, with Uganda Electricity Generation Company warning that surplus energy from the Bujagali plant will soon be exhausted. Thermal electricity costs USD 0.29 (UGX 779.5) compared with hydro’s average USD 0.10 (UGX 268.8). Power transmission and distribution companies transfer such costs to the consumers. Some consumers have also argued that in spite of a previous increment of tariffs in January 2012, there has been no substantial improvement in the supply of electricity and they now face endless power outages, which Umeme attributes to routine maintenance of the networks rise depending on the state of the economy.(Source : The Daily Monitor) Will UMEME eat the 'loss' or deferred revenue?

Where are you getting this data Bwana VVS?

Where are you getting this data? Am reading no trades today. demand is zero and supply is firm at 1,313,100 shares http://www.use.or.ug/documents/...ET_REPORTJan_03-2013.pdf