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.
FirstRand B Preference Shares is listed on the Johannesburg Stock Exchange (JSE). FirstRand B Preference Shares is traded on the JSE under the ticker symbol “FSRP”. The International Securities Identification Number (ISIN) of JSE:FSRP is ZAE000060141. FirstRand B Preference Shares is currently the eighth most valuable stock on the JSE with a market capitalization of ZAR 523 billion, which makes about 2.74% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 93.15 |
| Day’s High Price | 93.79 |
| Traded Volume | 4,107 |
| Number of Deals | 8 |
| Gross Turnover | 382,936.20 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 5.61B |
| Market Capitalization | 523B |
FSRP Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -0.81% | -0.68% | -3.01% |
| 6MO | 1YR | YTD |
|---|---|---|
| +7.15% | +38.1% | +7.68% |
The current share price of FirstRand B Preference Shares (FSRP) is ZAR 93.21. FSRP closed its last trading day (Friday, June 24, 2022) at 93.21 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.6% drop from its previous closing price of 93.80 ZAR. FirstRand B Preference Shares began the year with a share price of 86.56 ZAR and has since gained 7.68% on that price valuation, ranking it 74th on the JSE in terms of year-to-date performance.
FirstRand B Preference Shares is the 273rd most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 23 - Jun 24, 2022). FSRP has traded a total volume of 1.59 million shares—in 1,663 deals—valued at ZAR 151 million over the period, with an average of 25,190 traded shares per session. A volume high of 189,982 was achieved on April 22nd, and a low of 2,434 on June 7th, 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% |
|---|---|---|---|---|
| 2022-06-24 | 4,107 | 93.21 | -0.59 | -0.63% |
| 2022-06-23 | 32,223 | 93.80 | -0.14 | -0.15% |
| 2022-06-22 | 4,838 | 93.94 | -0.02 | -0.02% |
| 2022-06-21 | 2,559 | 93.96 | -0.01 | -0.01% |
| 2022-06-20 | 6,117 | 93.97 | ||
| 2022-06-17 | 12,841 | 93.97 | -0.02 | -0.02% |
| 2022-06-15 | 6,808 | 93.99 | -0.01 | -0.01% |
| 2022-06-14 | 8,257 | 94.00 | +0.50 | +0.53% |
| 2022-06-13 | 15,360 | 93.50 | -0.50 | -0.53% |
| 2022-06-10 | 3,387 | 94.00 |
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, FirstRand Limited (+13.21%) and FRB Class A Preference Share 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 |
|---|---|---|---|---|
| NED | Nedbank Group Limited | 115B | 223.98 | +28% |
| SBK | Standard Bank Group Limited | 277B | 165.11 | +17.9% |
| INPP | Investec Plc Preference Shares | 112B | 110.00 | +15.8% |
| INPR | Investec Ltd Preference Shares | 95.6B | 95.00 | +10.3% |
| ABG | Absa Group Limited | 140B | 164.59 | +7.89% |
| ABSP | Absa Bank Preference Shares | 394B | 870.00 | +7.08% |
| INPPR | Investec Plc Preference Shares - Rand | 85.8B | 84.50 | +5.56% |
| SBKP | Standard Bank 6.5% Preference Shares | 1.31B | 0.78 | +4% |
| CPI | Capitec Bank Holdings Limited | 244B | 2,102.39 | +3.07% |
| INL | Investec Limited | 90.2B | 89.63 | +2.38% |