KPLC-P4 - Kenya Power 4% Preference Shares

Apr 15, 2024 at 12:37 Twitter · Facebook

KPLC-P4 share price on Nairobi Securities Exchange

The Kenya Power and Lighting Co. Plc 4% Preference Shares (KPLC-P4) are the 4% cumulative preference shares issued by KPLC at a nominal value of KSh 20 per share. Shareholders of the KPLC preference shares enjoy a fixed-rate dividend whose payment takes priority over ordinary shareholders as the company has a contractual obligation to pay preference dividends on the shares. As cumulative preference shares, if the dividend cannot be paid in any year, it accrues until the accumulated dividend is paid out. Additionally, preferred shareholders are paid before owners of common (ordinary) stock in case of liquidation.

Kenya Power is engaged in the transmission, distribution, and retail of electricity purchased from Kenya Electricity Generating Company Limited (KenGen), Independent Power Producers (IPPs), Uganda Electricity Transmission Company Limited (UETCL), and Tanzania Electric Supply Company Limited (TANESCO). KPLC operates primarily in four regions, namely, Nairobi, Coast, West Kenya, and Mount Kenya. Its interconnected network of transmission and distribution lines covers about 47,035 kilometers. The national grid is operated as an integral network linked by a 220 kilowatts and 132 kilowatts transmission network.

Kenya Power 4% Preference Shares is listed on the Nairobi Securities Exchange (NSE). Kenya Power 4% Preference Shares is traded on the NSE under the ticker symbol “KPLC-P4”. Kenya Power 4% Preference Shares is currently the 65th most valuable stock on the NSE with a market capitalization of KES 7.2 million, which makes about 0.0004% of the Nairobi Securities Exchange equity market.

KPLC-P4 Stock Market Performance

The current share price of Kenya Power 4% Preference Shares (KPLC-P4) is KES 4.00. KPLC-P4 closed its last trading day (Wednesday, January 24, 2024) at 4.00 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.7% drop from its previous closing price of 4.11 KES. Kenya Power 4% Preference Shares began the year with a share price of 4.11 KES but has since lost 2.68% off that price valuation, ranking it 47th on the NSE in terms of year-to-date performance.

Kenya Power 4% Preference Shares is the 56th most traded stock on the Nairobi Securities Exchange over the past three months (Jan 15 - Apr 15, 2024). KPLC-P4 has traded a total volume of 2,000 shares—in 1 deals—valued at KES 8,000 over the period, with an average of 32 traded shares per session. A volume high of 2,000 was achieved on January 24th for the same period. The table below details the last 10 trading days of activity of Kenya Power 4% Preference Shares on the Nairobi Securities Exchange.

Profile of Kenya Power and Lighting Company Plc

Kenya Power and Lighting Company Plc was founded on January 6, 1922 and operates in the Utilities sector, specifically, the Electricity industry. Kenya Power and Lighting Company contracts an estimated total number of 10,480 employees.

KPLC-P4 Industrial Market Competitors

Kenya Power and Lighting Company Plc, issuers of the KPLC-P4, Kenya Power & Lighting Company (+9.86%) and Kenya Power 7% Preference Shares stocks on the Nairobi Securities Exchange, have two market competitors who are also engaged in the Utilities sector and/or Electricity industry. The table below presents an overview of their market standing.

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