BBS - Botswana Building Society Limited

Apr 19, 2024 at 13:45 Twitter · Facebook

BBS share price on Botswana Stock Exchange

Botswana Building Society (BBS) Limited, established in December 1976 under the Building Society Act, is as an indigenous building society involved in property finance and the provision of services in connection therewith. During its first ten years of operation, BBS Limited was restricted by law to lend only against the security of immovable urban property. The Act was amended in April 1986 to permit lending in rural areas as well. Since then, the number of mortgages in respect of rural properties has grown to 699, representing 12% of the company's mortgage book, compared with 4,825 advances in urban areas.

On August 24, 2014, shareholders of BBS Limited resolved to approve a demutualization process, which converted the building society into a public company incorporated under the Companies Act of Botswana. Today, the company operates in the niche market of mortgage lending in the country with substantial presence. BBS Limited has nine branches in Botswana: three in Gaborone; and one in each of Lobatse, Serowe, Selibe-Phikwe, Francistown, Maun, and Kasane.

Botswana Building Society Limited is listed on the Botswana Stock Exchange (BSE) since September 3rd, 2018. Botswana Building Society is traded on the BSE under the ticker symbol “BBS”. The International Securities Identification Number (ISIN) of BSE:BBS is BW0000001965. Botswana Building Society Limited is currently the 28th most valuable stock on the BSE with a market capitalization of BWP 244 million, which is about 0.04% of the Botswana Stock Exchange equity market.

BBS Stock Market Performance

The current share price of Botswana Building Society Limited (BBS) is BWP 0.50. BBS closed its last trading day (Wednesday, April 17, 2024) at 0.50 BWP per share on the Botswana Stock Exchange (BSE). Botswana Building Society began the year with a share price of 0.49 BWP and has since gained 2.04% on that price valuation, ranking it 12th on the BSE in terms of year-to-date performance.

Botswana Building Society is the 21st most traded stock on the Botswana Stock Exchange over the past three months (Jan 22 - Apr 19, 2024). BBS has traded a total volume of 339,618 shares—in 45 deals—valued at BWP 168,170 over the period, with an average of 5,391 traded shares per session. A volume high of 100,000 was achieved on January 25th for the same period. The table below details the last 10 trading days of activity of Botswana Building Society on the Botswana Stock Exchange.

Profile of Botswana Building Society Limited

Botswana Building Society Limited was founded on December 13, 1976 and operates in the Financials sector, specifically, the Real Estate Investment industry. The company is led by Pius K. Molefe as its Managing Director. The company's board of directors, chaired by Pelani D. Siwawa-Ndai, is composed of six members whose names are listed below.

1. Siwawa-Ndai, Pelani D.
   Chairman
2. Molefe, Pius K.
   Managing Director
3. Monthe, Kgalalelo N.
   Board Member
4. Molosiwa, Richard
   Board Member
5. Kanyuka, James M.
   Board Member
6. Tlhagwane, Michael
   Board Member

BBS Industrial Market Competitors

Botswana Building Society Limited, issuers of the BBS stock on the Botswana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Real Estate Investment industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange