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The Spar Group Ltd (JSE: SPP) | Share Price

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

The Spar Group Ltd is a wholesale and distribution company listed on the Johannesburg Stock Exchange (JSE) that acts as a wholesaler and distributor of goods and services to SPAR supermarkets, Build It building materials outlets, and TOPS at SPAR liquor stores.

What is The Spar Group Ltd

The history of The Spar Group Ltd can be traced back to 1932 when it was founded.

Today, The Spar Group Ltd has a diversified portfolio of products and services in more sectors of the Consumer Services value chain and renders the following services: fresh produce, in-store bakery, butchery, deli, ready-to-eat meals, home-meal replacements, groceries, general merchandise, baked foods, liquor products, Building and hardware products, dispensary and health-related products, confectionery, health and beauty, frozen foods, catering products, wines, and non-food items.

The Spar Group Ltd operates 4 357 stores.

The Spar Group Ltd’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol SPP.

Major shareholders are the Government Employees Pension Fund, Coronation Fund Managers, Public Investment Corporation (SOC) Ltd., and Foord Asset Management (Pty) Ltd.

The Spar Group Ltd has its headquarters at 22 Chancery Lane, Pinetown, 3610, South Africa.

The company currently serves clients in areas like Southern Africa, Ireland, Switzerland, and Poland.

The current CEO of The Spar Group Ltd is Brett Botten and Graham O’Connor is non-executive Chairman.

The Spar Group Ltd forms part of the Consumer Services sector, specifically, the Food & Drug Retailers industry of the Johannesburg Stock Exchange (JSE).

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The Spar Group Ltd

The Spar Group Ltd Stock Performance

The most recent or current price for The Spar Group Ltd stocks on the Johannesburg Stock Exchange (JSE) was 170.11 ZAR at the time of writing.

An analysis of financial data of The Spar Group Ltd showed that the company has a total market capitalisation of 32.8 Billion ZAR, with a Price/Earnings ratio of 14.22 and earnings per share of 11.9620.

The dividend per share of SPP was 8.16 ZAR and its dividend yield was 4.8 %. A total of 193 Million shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell The Spar Group Ltd stocks can be hopeful for lucrative dividends and earnings in times to come.

According to an analysis on the live chart of The Spar Group Ltd, analysts forecast a possible further improved performance for the Consumer Services sector with market share growing as trading volumes increase.

Spar-Shares

Highlights of The Spar Group Ltd in 2021

The Spar Group Ltd started the current financial year (2021) with a share price of 167.12 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 1.79 % in value on its price valuation, ranking 141st on the JSE with its year-to-date performance.

The Spar Group Ltd is currently the 77th most-traded stock on the JSE and it has experienced a total trading volume of more than 61.9 million shares, which were finalised in 230,604 deals and were valued at a total of 10.7 billion ZAR over a recent three month period from October 2021 to January 2022, with an average of 981,962 shares in each trading session.

During the same period a volume high of 5.2 million was achieved on December 17 and a low of 123,502 on December 31.

How to buy The Spar Group Ltd stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade The Spar Group Ltd stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “SPP”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. 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 plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.