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Eveready East Africa Plc (NSE: EVRD)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

What is Eveready East Africa Plc

Eveready East Africa Plc is a company based in Kenya that manufactures and sells a range of portable power products in Kenya as well as exports products to countries in the sub-region of East Africa.

Eveready East Africa Plc has its headquarters in Nairobi, Kenya and its portfolio of products includes brands like Eveready, Energizer and Shick.

Eveready East Africa Plc manufactures and markets Eveready branded batteries in East Africa, as well as trades a variety of imported Eveready branded flashlights, razors and accessories. Its wide-ranging product range includes dry cell and carbon zinc primary, alkaline and rechargeable batteries, flashlights and portable lanterns, automotive batteries, and CFL and incandescent bulbs sold under the Turbo brand name.

A division of Eveready East Africa Plc supplies batteries and accessories for motor vehicles and trucks, another manufactures and sells a range of washing detergents, household bleaches, surface cleaners and fabric softeners under the Everclean and Clorox brands.

Eveready East Africa Plc has a history that started in 1967 when it was founded, and the company was listed on 1 January 2006. Formerly known as Eveready East Africa Limited, the company changed its name to Eveready East Africa Plc in 2016.

Today, Eveready East Africa Plc has a diversified portfolio in more sectors of the consumer goods value chain. It also provides alkaline and rechargeable batteries throughout the East African region, flashlights for a spectrum of usage and shaving razors, blades and accessories. The company provides the TURBO brand of automotive batteries, the PIANO range of writing instruments, as well as the EVEREADY range of luminaries.

Eveready East Africa Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol EVRD.

Jackson K. Mutua is the current CEO and Managing Director of Eveready East Africa Plc and the company operates under the Electronic Instruments and Controls Industry and the Consumer Goods Sector.

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Eveready East Africa Plc

Eveready East Africa Plc Stock Performance

The current price for Eveready East Africa Plc (EVRD) stocks is 0.92 KES. The company has a total market capitalization of 193,200,000 KES, and a total of 210,000,000 shares issued.

When Eveready East Africa Ltd closed its trading day on Friday, 10 September 2021 at 0.92 KES per share on the Nairobi Securities Exchange (NSE), it showed a 2.1% drop from its previous closing price of 0.94 KES.

In an analysis of financial data, Eveready East Africa Plc presented profits although results showed that Eveready East Africa Plc experienced difficult times.

With an increase of earnings per share and steady profits over most periods, investors who want to buy or sell EVEREADY EAST AFRICA PLC stocks can be hopeful of profitable dividends and earnings in years to come.

According to an analysis on the live chart of EVEREADY EAST AFRICA PLC, analysts forecast further improvement in performance for the consumer goods sector with market share growing as trading volumes may increase.

Highlights of Eveready East Africa Plc in 2021

Eveready East Africa Plc opened the year with a share price of 1.20 KES but has since lost 23.3 % in value of that price valuation, now ranking it 59th on NSE with its year-to-date performance. Shareholders are probably concerned by the fact that EVRD has lost 8% of the stock’s value from 13 August to the time when this article was written.

Eveready East Africa Plc was the 39th most traded stocks on the Nairobi Securities Exchange (NSE) over a three months period from June to September 2021. EVRD had the trading of a total volume of 390 800 shares, in 344 deals and to a value of 376,308 KES over that period, with an average of 6 203 traded shares per each session. A volume high of 200 000 for that specific period was achieved on 25 August.

How to buy Eveready East Africa Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade Eveready East Africa Plc stocks, traders and investors should follow a few easy steps:

  • 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 plan.
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  • Find the symbol of the share that you want to buy, in this case, “EVRD”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

 

 

 

FAQs

The Nairobi Securities Exchange the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

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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.