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Carbacid Investments Limited (NSE: CARB)

Nigel Firth
Nigel Frith trader
Updated 5 May 2022

Overview of Carbacid Investments Limited

Carbacid Investments Limited is a Kenya based liquefied carbon dioxide manufacturing company listed on the Nairobi Securities Exchange (NSE) and engaged in production, purification and distribution. Carbacid Investments Limited’s principal activities include mining, the sale of carbon dioxide (CO2) gas and investments.

Carbacid Investments Limited extracts carbon dioxide gas from natural underground reservoirs which are purified on site to produce natural, certified food grade (99.99% purity) for use in carbonate water, soft drinks and alcoholic beverages.

Carbacid Investments Limited’s technical and application specialists also offer advice and training in the safe handling and use of the products.

Today, Carbacid Investments Limited’s portfolio of products and services are diversified in more sectors of the Basic Materials value chain and include the following: carbon dioxide, gases and gas mixtures that are used in applications such as scientific laboratories, refrigeration systems, aerosol propellant products, high technology medical and pharmaceutical processes, environmental emission control, and food processing.

The history of Carbacid Investments Limited goes back to 1975 when it was founded as sub-division of BEA Sawmills Limited. Through various mergers and acquisitions it became Carbacid Investments Limited.

Carbacid Investments Limited has its head offices at 2nd Floor, Apollo Centre, Vale Close, Ring Roads Parkland, Westlands, Nairobi, Kenya.

Carbacid Investments Limited renders its services in countries, including Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia, Zambia, Southern Sudan and Somaliland.

The current Independent Non-Executive Chairman of Carbacid Investments Limited is Dennis N. O. Awori.

Carbacid Investments Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol CARB.

Carbacid Investments Limited forms part of the Chemical Manufacturing Industry and the Basic Materials Sector of the Nairobi Securities Exchange (NSE).

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Carbacid Investments Limited

Carbacid Investments Limited Stock Performance

The current price for Carbacid Investments Limited stocks on the Nairobi Securities Exchange (NSE) is 11.20 Kenyan Shilling (KES).

CARB stocks closed a recent trading day (22 October 2021) at 11.20 KES per share on the Nairobi Securities Exchange (NSE), experiencing a 0.4 % drop from its previous closing price of 11.25 KES.

An analysis of financial data of Carbacid Investments Limited showed that the company has a total market capitalisation of 2.85 Billion KES, with a Price/Earning ratio of 8.82 and earnings per share of 1.27 KES.  A total of 255 Million shares were outstanding.

Carbacid Investments Limited reported increased mid-year results with revenue of 449 million KES, up from 320 million KES for the previous period.

Carbacid Investments Limited reported net income of 210 million KES, and gross profits of 71.30 million KES, down from 237 million KES for July 2020.

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

According to an analysis on the live chart of Carbacid Investments Limited, analysts forecast further improved performance for the Basic Materials sector with market share growing as trading volumes increase.

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Highlights of Carbacid Investments Limited in 2021

Carbacid Investments Limited started the current financial year (2021) with a share price of 12.10 Kenyan Shilling (KES) on the Nairobi Securities Exchange (NSE), and it has lost 7.44 % in value on its price valuation, ranking 47th on the NSE where its year-to-date performance is concerned.

Carbacid Investments Limited is currently the 30th most-traded stock on the NSE and it has experienced a total trading volume of more than 1.22 million shares, which were finalised in 521 deals and were valued at a total of 14 million Kenyan Shilling (KES) over the recent three month period from July to October 2021, with an average of 19,332 shares in each trading session.

During the same period a volume high of 152,600 was achieved on 28 September.

How to buy Carbacid Investments 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 Carbacid Investments 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, “CARB”.
  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.

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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.