• New Vision Printing and Publishing Company Ltd
  • XUGA:NVL KAMPALA/Uganda
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  • About the Company
  • New Vision Limited is a multimedia business housing newspaper, magazines, internet publishing, television, radio broadcasting, commercial printing, advertising and distribution services.

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Name Title Officer Since
Mr Moses Dhizaala Chairman 2015
Mr B.S Dhaka Managing Director 2015

KEY STOCK DATA

  • Profits
  • $1.11M
  • P/E Ratio
  • 10.2
  • Return on Equity
  • 5.35%
  • Dividend Yield
  • 8.30%
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Revenue per year in US $
Revenue is the money a company recieves for selling its goods or providing services. The higher the revenue, the better the company is performing.

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The affairs of an entity in receivership take a long time to resolve. It will be a long sunset for Crane Bank, its owners and Bank of Uganda. The Central Bank has put Governor Emmanuel Tumusiime-Mutebile on a public relations offensive to justify the closure of Crane Bank and explain away its lax regime that allowed Crane Bank to sink deeper into an abyss from which it could never recover.

Crane Bank has been covered from many angles. Its collapse marked the height of a major crisis in which banks made losses from non-performing loans. The failure of big loans like Steel Rolling Mills, a $50 million loan at Standard & Chartered, was one of them. The highly publicised bailout list shortly after the February 2016 elections where most of the items on the list had contributed handsomely to the campaign of President Museveni turned heads in town.

The New Vision has done good coverage of how one borrower was uniquely treated after fleeing from her creditors and successfully getting Shs64 billion on favorable terms from government.

In fact, if just two or three of Crane Bank’s bad loans performed, the story would be different. The rise in the toxic loans portfolio partly arose from BoU’s laxity allowing a rogue interest rate regime to reign in the banking sector.

In its bid to mop inflation, BoU raised the CBR to the high teens to mop out election inflation pressures. Commercial banks raised their lending rates to as high as 29 per cent to […]

Former Vision Group Principal Accountant Peter Mubbale has been sentenced to 5 years imprisonment for stealing 262m shs from his employer.

Anti-corruption court Judge Margret Tibulya convicted 60 year old Mubbale yesterday, cancelled his bail and sent him to Luzira prison where he spent the night.

Mubbale was found guilty of embezzlement of the said money from New Vision Printing and Publishing Company through manipulating the receipts and carbon copies.

The Judge ruled that Mubaale used to collect cheques from advertising clients and then issue receipts to Newspaper distributors for money paid by advertisers.

Mubbale committed the offence between 2008 and 2013 after joining Vision Group in 1989.

He has now been banned from public office for a period of 10 years and ordered to refund 262m shs to Vision Group.

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The Uganda Securities Exchange has rolled out an online trading window — Easy Portal — that offers investors opportunities for faster transactions at no fee to spur trading activity.

But a scarcity of equity listings and limited investor participation could work against the initiative.

Easy Portal directly helps investors to trade shares without hiring stockbrokers.

Stocks traded on the USE are charged a commission of 2.1 per cent that is shared between the stockbrokers, the bourse, the Capital Markets Authority and the Investor Compensation Fund, among other agencies.

To trade, investors will log in their Central Depository System account numbers, their national identification card numbers and view the prevailing stock prices before choosing trading options.

The trading window also contains an initial public offering (IPO) application, a critical aid for handling investor documents usually submitted during public equity offerings.Investor statements issued by this facility will be saved for a maximum of six years, the bourse said. However, investment costs tied to this trading portal could not be confirmed by press time.

Low IPO growth

IPO growth usually attracts more investors to stockmarkets and in turn, boosts trading activity as new investors seek to exploit fresh opportunities available at the bourse.

The low IPO growth at the USE can be traced back to 2012. While DFCU Ltd and New Vision Ltd were listed in and also recorded oversubscription of about 50 per cent, Stanbic Bank Uganda was listed in 2007 following a successful IPO that was oversubscribed three times, according to industry data.

Nevertheless, the bourse is exploring IPO opportunities among some government-owned financial institutions that possess reasonable growth forecasts.

However, sluggish growth evidenced in IPO subscriptions in recent times could impact investor uptake on the Easy Portal window, observers say.