FSRP - FirstRand B Preference Shares
The FirstRand Limited B Preference Shares (FSRP) stock is the B variable rate non-cumulative, non-redeemable preference shares issued by First Rand Limited on the JSE. Dividends on the B preference shares are declared out of income reserves of the company and are calculated at a rate of the prime lending rate of FNB, a division of FirstRand Bank. In the event that there is a change to the prime rate between the B preference share dividend declaration and payment date, the prevailing prime rate at the declaration date is applied from then to the payment date.
FirstRand Limited, issuer of the FSRP instrument, is a portfolio of separately branded, integrated financial services businesses offering a universal set of transactional, lending, investment and insurance products and services in South Africa, certain markets in sub-Saharan Africa and the UK. The publicly registered bank controlling company wholly owns FirstRand Bank, a full-service bank with a presence mostly in South Africa and surrounding southern African nations. The bank operates three major divisions, which are separately branded.
NOTE: Shares of FirstRand B Preference Shares have been delisted from the Johannesburg Stock Exchange (JSE) since close of trading on Monday, September 26, 2022. FirstRand B Preference Shares was traded on the JSE under the ticker symbol “FSRP”. The International Securities Identification Number (ISIN) of JSE:FSRP was ZAE000060141. FirstRand B Preference Shares was the eighth most valuable stock on the JSE with a market capitalization of ZAR 564 billion, which made about 3% of the Johannesburg Stock Exchange equity market at the time of delisting.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 99.90 |
| Day’s High Price | 100.93 |
| Traded Volume | 110,751 |
| Number of Deals | 15 |
| Gross Turnover | 11.1M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 5.61B |
| Market Capitalization | 564B |
FSRP Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +0.89% | -1.49% | +7.13% |
| 6MO | 1YR | YTD |
|---|---|---|
| +4.61% | +47.8% | +16.1% |
The current share price of FirstRand B Preference Shares (FSRP) is ZAR 100.49. FSRP closed its last trading day (Tuesday, September 20, 2022) at 100.49 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.7% gain over its previous closing price of 99.80 ZAR. FirstRand B Preference Shares began the year with a share price of 86.56 ZAR and has since gained 16.1% on that price valuation.
FirstRand B Preference Shares has traded a total volume of 2.92 million shares—in 2,863 deals—valued at ZAR 290 million over the past three months (Jun 23 - Sep 20, 2022), with an average of 46,332 traded shares per session. A volume high of 496,366 was achieved on July 8th, and a low of 1,203 on August 24th, for the same period. The table below details the last 10 trading days of activity of FirstRand B Preference Shares on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2022-09-20 | 110,751 | 100.49 | +0.69 | +0.69% |
| 2022-09-19 | 33,033 | 99.80 | ||
| 2022-09-16 | 5,757 | 99.80 | +0.15 | +0.15% |
| 2022-09-15 | 36,891 | 99.65 | +0.05 | +0.05% |
| 2022-09-14 | 15,408 | 99.60 | ||
| 2022-09-13 | 67,206 | 99.60 | +0.10 | +0.10% |
| 2022-09-12 | 4,520 | 99.50 | -0.01 | -0.01% |
| 2022-09-09 | 109,841 | 99.51 | +0.01 | +0.01% |
| 2022-09-08 | 5,621 | 99.50 | -0.05 | -0.05% |
| 2022-09-07 | 30,176 | 99.55 |
Profile of FirstRand Limited
FirstRand Limited was founded on November 11, 1966 and operates in the Financials sector, specifically, the Banking industry. FirstRand contracts an estimated total number of 49,233 employees.
Factsheet of FirstRand Limited
- Sector
- Financials
- Industry
- Banking
- Address
- 4 Merchant Place, Corner Fredman Dr. and Rivonia Rd., Sandton, 2196, South Africa
- Telephone
- +27-11-282-1808
FSRP Industrial Market Competitors
FirstRand Limited, issuers of the FSRP and FirstRand Limited (-17.6%) 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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| FGL | Finbond Group Ltd | 255M | 0.47 | +17.5% |
| ABSP | Absa Bank Preference Shares | 3.78B | 765.00 | +2.14% |
| NED | Nedbank Group Limited | 108B | 220.42 | +1.94% |
| CPIP | Capitec Bank Preference Shares | 49.3M | 102.80 | +1.78% |
| CPI | Capitec Bank Holdings Limited | 237B | 2,043.45 | +0.84% |
| INPPR | Investec Plc Preference Shares - Rand | 10.3M | 78.01 | +0.01% |
| INPP | Investec Plc Preference Shares | 333M | 121.00 | -2.42% |
| SBKP | Standard Bank 6.5% Preference Shares | 5.04M | 0.63 | -4.55% |
| INPR | Investec Ltd Preference Shares | 2.07B | 83.50 | -4.57% |
| INL | Investec Limited | 34.9B | 118.18 | -5.9% |