FSRP - FirstRand B Preference Shares

Oct 21, 2021 at 16:46 Twitter · Facebook

FSRP share price on Johannesburg Stock Exchange

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.

FSRP Stock Market Performance

The current share price of FirstRand B Preference Shares (FSRP) is ZAR 77.60. FSRP closed its last trading day (Thursday, October 21, 2021) at 77.60 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 3.4% drop from its previous closing price of 80.35 ZAR. FirstRand B Preference Shares began the year with a share price of 66.20 ZAR and has since gained 17.2% on that price valuation, ranking it 197th on the JSE in terms of year-to-date performance. Shareholders can be optimistic about FSRP knowing the stock has accrued 12% over the past four-week period—71st best on JSE.

FirstRand B Preference Shares is the 271st most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 23 - Oct 21, 2021). FSRP has traded a total volume of 2.19 million shares—in 1,590 deals—valued at ZAR 157 million over the period, with an average of 34,799 traded shares per session. A volume high of 278,457 was achieved on September 21st, and a low of 4,588 on October 19th, 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.

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.

FSRP Industrial Market Competitors

FirstRand Limited, issuers of the FSRP, FirstRand Limited (+12.62%) and FRB Class A Preference Share (-1.21%) 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 Stock Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange