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Umeme Limited (NSE: UMME)

Nigel Firth
Nigel Frith trader
Updated 5 May 2022

Overview of Umeme Limited

Umeme Limited is a Uganda-based power utility company listed on the Nairobi Securities Exchange (NSE) that is engaged in the distribution and sale of electricity and after-sales service.

Umeme Limited supplies electricity to individual clients, commercial users, including small, medium and large industrial customers, as well as to cities, municipalities, towns, trading centres and community centres. Umeme Limited also operates and maintains an electricity network, does meter reading, billing, revenue collection and installing new connections in Uganda.

The network in Uganda consists of approximately 26 202 kilometres of medium- and low-voltage transmission lines which covers the major towns and cities of Uganda.

Today, Umeme Limited’s portfolio of products and services are diversified in more sectors of the Utilities value chain and include the following: operating, maintaining, upgrading and expanding the distribution network, retailing electricity to its customers, and managing efficiency within the electricity distribution system.

The history of Umeme Limited goes back to 2005 when it was founded, and it was listed on 1 January 2012.

Umeme Limited has its head offices at Rwenzori House, Plot 1 Lumumba Avenue, P. O. Box 23841, Kampala, Uganda.

Umeme Limited renders its services in Uganda and other Africa sub-regions.

The current Managing Director and Executive Director of Umeme Limited is Selestino Babungi.

Umeme Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol UMME.

Umeme Limited forms part of the Electric Utilities Industry and the Utilities Sector of the Nairobi Securities Exchange (NSE).

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Umeme Limited Stock Performance

The current price for Umeme Limited stocks on the Nairobi Securities Exchange (NSE) is 6.84 Kenyan Shilling (KES).

UMME stocks closed a recent trading day (22 October 2021) at 6.84 KES per share on the Nairobi Securities Exchange (NSE), experiencing a 0.9 % drop from its previous closing price of 6.90 KES.

An analysis of financial data of Umeme Limited showed that the company has a total market capitalisation of 11.1 Billion KES, with a Price/Earning ratio of 0 and earnings per share of 0 KES. A total of 1.62 Billion shares were outstanding.

Umeme Limited showed improved profits during the first 6 months of 2021, with total revenues amounting to 927,862 million UGX, with a total operating income of 82,377 million UGX and a net income of 48,243 million UGX.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Umeme Limited stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Umeme Limited, analysts forecast further improved performance for the Utilities sector with market share growing as trading volumes increase.

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Highlights of Umeme Limited in 2021

Umeme Limited started the current financial year (2021) with a share price of 7.28 Kenyan Shilling (KES) on the Nairobi Securities Exchange (NSE), and it has lost 6.04 % in value on its price valuation, ranking 42nd on the NSE where its year-to-date performance is concerned.

Umeme Limited is currently the 27th most-traded stock on the NSE and it has experienced a total trading volume of more than 1.62 million shares, which were finalised in 170 deals and were valued at a total of 10.6 million Kenyan Shilling (KES) over the recent three month period from July to October 2021, with an average of 25,775 shares in each trading session.

During the same period a volume high of 689,700 was achieved on 14 October.

How to buy Umeme Limited stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Umeme Limited stocks on the Nairobi Securities Exchange (NSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “UMME”.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nairobi Securities Exchange (NSE)was established in 1954 as the leading stock exchange in East Africa and offers world class trading facilities for local and foreign investors looking to gain exposure to the country’s rising economy.

The bourse is based in the capital of Kenya, one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya and is overseen by a board of directors. In 2014, the NSE demutualised and became listed on the main board of its own exchange.

In 2011, the NSE introduced the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 indices for the creation of index tracking funds and derivative products and as performance benchmarks.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.