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Nairobi Business Ventures Ltd (NSE: NBV)

Nigel Firth
Nigel Frith trader
Updated 29 May 2024

What is Nairobi Business Ventures Ltd

Nairobi Business Ventures Ltd is a shoe and leather accessories retail chain in Kenya, dealing mainly with the sale of imported leather shoes and leather accessories which are rebranded und the name KShoes (previously ‘Kwanza’ shoes).

The shoes and accessories are rebranded for the Kenyan domestic market after being imported from China and India. Nairobi Business Ventures Ltd has six retail outlets that sells KShoes in some prime locations in Nairobi. The company has also started to manufacture its own leather products and has embarked on an extension drive which will see it opening more than 25 stores over the next couple of years.

The history of Nairobi Business Ventures Ltd goes back to March 2012, when the public listed company was incorporated and registered in Kenya. Nairobi Business Ventures Ltd has its headquarters in Nairobi, Kenya and the company forms part of the Consumer Services Sector.

Nairobi Business Ventures Ltd changed the brand name from ‘Kwanza to ‘KShoe’ in 2013. The KShoe brand name is derived from “Kenya Shoe” with the ultimate aim of creating an entirely Kenyan brand.

Nairobi Business Ventures Ltd was listed at Nairobi Securities Exchange (NSE) in June 2016. Due to the economic recession and lack of demand, NBV opted to diversify its business portfolio into more sustainable industries of the value chain such as the trading, manufacturing and service sector, an effort to protect the shareholders’ interest and other stakeholders against fluctuations due to internal and external factors in the business environment. The main business of Nairobi Business Ventures Ltd is still the retail of leather shoes and leather accessories.

Today, Nairobi Business Ventures Ltd.’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol NBV.

Dr Alfred Muthusi is the current Chairman of Nairobi Business Ventures Ltd and Mr. Rajeskhar Srungarapu the Managing Director.

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Nairobi Business Ventures Ltd

Nairobi Business Ventures Ltd Stock Performance

The current price for Nairobi Business Ventures Ltd stocks is 6.18 KES. The company has a total market capitalization of 152 million KES, with a P/E ratio of 7.18 and earnings per share of 0.90 KES. A total of 23.6 million shares are outstanding.

An analysis of its financial data showed that Nairobi Business Ventures Ltd (NBV) closed its trading day on Monday 13 September 2021 at 6.18 KES at a 9.4% drop from its previous closing price of 6.82 KES. At the time its Gross Turnover was 698,030.00 KES.

Nairobi Business Ventures Ltd experienced a 52 week high stock price of 12.80 KES and a 52 week low of 0.60 KES, a 52 week change of 1,018.03 %. The Year to date change is 59.35 %.

With earnings per share of 0.90 KES and low profits within the period, investors who want to buy or sell Nairobi Business Ventures Ltd stocks hope for more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Nairobi Business Ventures Ltd, analysts forecast further improvement in the performance of the consumer services sector with market share growing as trading volumes may increase.

Highlights of Nairobi Business Ventures Ltd in 2021

Nairobi Business Ventures Ltd started the year with a share price of 4.28 KES, and it has gained 44.4% in value on its price valuation, ranking fourth on the NSE with its year-to-date performance.

Shareholders can be optimistic about NBV knowing the stock has accrued 12% over the recent four-week period, eighth best on NSE.

Nairobi Business Ventures Ltd is currently the 13th most-traded stock on NSE and it has experienced a total trading volume of more than 16.5 million shares, which were finalised in 1 585 deals, valued at a total of 118 million KES over a three month period between June and September 2021, with an average of 261,748 shares in each trading session. The highest volume of 10 million was achieved on 23 June, and the lowest, 3 300, on 18 June.

How to buy Nairobi Business Ventures Ltd 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 Nairobi Business Ventures Ltd 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
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, “NBV”.
  • 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.