CPIP - Capitec Bank Preference Shares

Feb 6, 2023 at 09:24 Twitter · Facebook

CPIP share price on Johannesburg Stock Exchange

The Capitec Bank Preference Shares (CPIP) stock is a non-redeemable, non-cumulative, non-participating preference share issue by Capitec Bank Limited on the JSE. Capitec Bank is a retail bank providing simplified and affordable banking facilities to clients in South Africa.

The terms and conditions of the CPIP preference shares provide that Capitec Bank may adjust the dividend rate payable on preference shares to the extent that an amendment to the Income Tax Act results in the preference dividend becoming taxable in the hands of the preference shareholders together with an equal saving by the company as a result of such income tax legislative amendment.

Capitec Bank Preference Shares is listed on the Johannesburg Stock Exchange (JSE). Capitec Bank Preference Shares is traded on the JSE under the ticker symbol “CPIP”. The International Securities Identification Number (ISIN) of JSE:CPIP is ZAE000083838. Capitec Bank Preference Shares is currently the 108th most valuable stock on the JSE with a market capitalization of ZAR 11.8 billion, which makes about 0.053% of the Johannesburg Stock Exchange equity market.

CPIP Stock Market Performance

The current share price of Capitec Bank Preference Shares (CPIP) is ZAR 101.60. CPIP closed its last trading day (Tuesday, January 31, 2023) at 101.60 ZAR per share on the Johannesburg Stock Exchange (JSE). Capitec Bank Preference Shares began the year with a share price of 101.00 ZAR and has since gained 0.59% on that price valuation, ranking it 245th on the JSE in terms of year-to-date performance.

Capitec Bank Preference Shares is the 372nd most traded stock on the Johannesburg Stock Exchange over the past three months (Nov 3, 2022 - Feb 3, 2023). CPIP has traded a total volume of 13,816 shares—in 33 deals—valued at ZAR 1.42 million over the period, with an average of 219 traded shares per session. A volume high of 3,003 was achieved on November 30th for the same period. The table below details the last 10 trading days of activity of Capitec Bank Preference Shares on the Johannesburg Stock Exchange.

Profile of Capitec Bank Holdings Limited

Capitec Bank Holdings Limited was founded on November 23, 1999 and operates in the Financials sector, specifically, the Banking industry. Capitec Bank Holdings contracts an estimated total number of 13,069 employees.

CPIP Industrial Market Competitors

Capitec Bank Holdings Limited, issuers of the CPIP and Capitec Bank Holdings Limited (-1.62%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking 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