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East African Cables

Buy East African Cables stocks

East African Cables (NSE: CABL) Stocks

What is East African Cables Limited?

East African Cables Limited Ord 0.50 (East African Cables Limited) is a Kenyan company that traces its history to 1966 when it was founded. East African Cables Limited is a company that is involved in cable manufacturing as its prime business.

East African Cables Limited has four manufacturing facilities, with two based in Nairobi in Kenya, one in Dar es Salaam, Tanzania, and another that is based in the Eastern Democratic Republic of the Congo (DRC).

East African Cables Limited is specialised in the manufacturing of cables used in an extensive portfolio of applications in domestic and industrial lighting, transmission, and the effective distribution of electricity.

In addition to this, East African Cables Limited also provides data telecommunication and a range of fibre optic solutions that includes requisite accessories. East African Cables Limited’s product portfolio consists of:

  • Copper electrical cables and conductors that are used in domestic and industrial applications.
  • Permanent Virtual Circuit (PVC) and cross-linked polyethene (XLPE) based products.
  • Aluminium conductors and cables are used for power distribution as well as transmission across national gridlines.
  • Aluminium conductor (AAC) products
  • Aluminium Conductor Steel Reinforced (ACSR) products
  • Aerial-Bunched Cable (ABC) products
  • Telecommunication and data cables that consist of fibre optic cables as well as related accessories.

 

East African Cables Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol CABL. Today, East African Cables Limited forms part of the Communications Equipment Industry and the Industrials Sector in Kenya.

 

East African Cables Limited Performance

The current share price for East African Cables Limited stocks is 1.48 KES and the company has a total market capitalization of 375 million KES, with a P/E ratio of 0.77 KES and earnings per share of 1.92 KES, and a total of 253 million shares outstanding.

In an analysis of financial data, East African Cables Limited showed that profits for the full-year 2020 were 232.80 million KES, up from the (195.42) million KES that was reported for 2019.

The revenues that were reported amounted to 755 million KES, slightly down from the 886 million KES that was reported for the period in 2019. The cost of revenue amounted to 523 million KES, down from the 1,081 million KES that was reported for the previous period.

Operating income for the year came to a total of (179.74) million KES, with a net income of (213.29) million KES. The diluted net income for the year was (213.29) million KES, with a diluted ESP excluding ExtraOrd Items and a diluted Normalised EPS of (0.84) KES, lower than the 0.14 KES for the previous period.

According to the current EPS of 1.92 KES and the long-term live chart on CABL stocks, shareholders who want to buy or sell shares can expect lucrative dividends and returns if performance continues to increase over the last few months of 2022.

The live chart shows that CABL stocks have shown improvements in the past three months and year-to-date, ranging between 11% and up 7.25% respectively. However, there are still some concerns in recent performance, with CABL stocks losing 6% of their value in the past month.


Highlights of East African Cables Limited in 2022

East African Cables Limited started the year with a share price of 1.38 KES and it has since gained 7.25% on this price valuation. This has ranked  East African Cables Limited 19th on the Nairobi Securities Exchange where year-to-date performance is concerned.

East African Cables Limited is the 28th most-traded share on the Nairobi Securities Exchange. During the past three months, from July to October, CABL stocks experienced a trading volume of 1.41 million shares. This was closed in 608 deals with a value of 2.08 million KES and an average of 22,452 shares traded in each session.

CABL stocks experienced a volume trading high of 412,700 in August, with a low of 300 experienced in October for the same period. During the past 10 days, CABL stocks experienced trading volumes that ranged between 300 and 93,000, which shows average trading activity.

East African Cables Limited showed increased performance at the end of 2020 and analysts forecast further improvements for the next earnings release, planned for the end of December.

 

How to buy East African Cables Limited stocks Step-by-step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade CABL stocks, traders and investors can follow these simple steps:

  • Find the share that you want to purchase, in this case, “CABL”.
  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Make your first share purchase through the broker.
  • Build and diversify your portfolio when you buy more shares.


FAQ

 

What type of company is East African Cables Limited?

East African Cables Limited is a Kenyan-based company that specialises in the manufacturing and sale of a wide range of electrical cables and conductors, spread across a diverse range of products including copper cables, aluminium conductors, fibre optic cables, telecommunication and data cables, and all other related accessories.

 

In which industry and sector does East African Cables Limited operate?

East African Cables Limited forms part of the Communications Equipment Industry and the Industrials Sector in Kenya.

 

On which stock exchange does East African Cables Limited have shares for sale?

East African Cables Limited trades its equity on the Nairobi Securities Exchange (NSE) under the stock symbol CABL.

 

What is the price of CABL shares today?

The current price of CABL shares is 1.48 KES .

 

Is East African Cables Limited a good investment?

Yes, East African Cables Limited is a good investment option long-term, but there are some concerns with its short-term performance, with CABL stocks having lost 6% of their value in the past month.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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