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East African Cables Limited (NSE: CABL)

Analyst Team trader
Updated 28 May 2024

Overview of East African Cables Limited

East African Cables Limited is a Kenya-based company listed on the Nairobi Securities Exchange (NSE) and involved in the manufacture and sale of electrical cables and conductors. East African Cables Limited has four manufacturing facilities; two in Nairobi, Kenya, one in Dar es Salaam Tanzania and one in Eastern DRC and manufactured cables are used for applications in domestic and Industrial lighting, as well as transmission and distribution of electricity.

Today, East African Cables Limited’s portfolio of products and services are diversified in more sectors of the industrial value chain and include the following: copper electrical cables and conductors for domestic and industrial applications, permanent virtual circuit (PVC) and cross linked polyethylene (XLPE) based products, aluminium conductors and cables and aerial bunched cable (ABC) products, and telecommunication and data cables which include fiber optic cables and related accessories.

The history of East African Cables Limited goes back to 1966 when it was founded. It was listed on 1 January 1973.

East African Cables Limited has its head offices at Addis Ababa Rd, Industrial Area, Nairobi, Kenya.

East African Cables Limited It has a network of agencies and branches throughout the region and sells its products through retail outlets in East and Central Africa.

The current CEO of East African Cables Limited is Paul Muigai.

East African Cables Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol CABL.

East African Cables Limited forms part of the Communications Equipment Industry and the Industrials Sector of the Nairobi Securities Exchange (NSE).

OPEN DEMO TRADING ACCOUNT YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
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East African Cables Limited Stock Performance

The current price for East African Cables Limited stocks on the Nairobi Securities Exchange (NSE) is 1.44 Kenyan Shilling (KES).

CABL stocks closed a recent trading day (22 October 2021) at 1.44 KES per share on the Nairobi Securities Exchange (NSE), experiencing a 2.7 % drop from its previous closing price of 1.48 KES.

An analysis of financial data of East African Cables Limited showed that the company has a total market capitalisation of 365 Million KES, with a Price/Earning ratio of 0.75 and earnings per share of 1.92 KES. A total of 25 3Million shares were outstanding.

East African Cables Limited showed profits of 232.80 million KES for the full-year 2020, up from the (195.42) million KES of 2019.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell East African Cables Limited stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of East African Cables Limited, analysts forecast further improved performance for the Industrials sector with market share growing as trading volumes increase.

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Highlights of East African Cables Limited in 2021

East African Cables Limited started the current financial year (2021) with a share price of 1.38 Kenyan Shilling (KES) on the Nairobi Securities Exchange (NSE), and it has gained 4.35 % in value on its price valuation, ranking 25th on the NSE where its year-to-date performance is concerned.

East African Cables Limited is currently the 29th most-traded stock on the NSE and it has experienced a total trading volume of more than 1.48 million shares, which were finalised in 595 deals and were valued at a total of 2.19 million Kenyan Shilling (KES) over the recent three month period from July to October 2021, with an average of 23,500 shares in each trading session.

During the same period a volume high of 412,700 was achieved on 18 August and a low of 300 on 3 October.

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 participating daily. To buy, sell or trade East African Cables Limited stocks on the Nairobi Securities Exchange (NSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “CABL”.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  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. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nairobi Securities Exchange (NSE)was established in 1954 as the leading stock exchange in East Africa and offers world class trading facilities for local and foreign investors looking to gain exposure to the country’s rising economy.

The bourse is based in the capital of Kenya, one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya and is overseen by a board of directors. In 2014, the NSE demutualised and became listed on the main board of its own exchange.

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