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Homeboyz Entertainment Plc (NSE: HBE)

Updated 5 May 2022
Homeboyz Entertainment Plc

What is Homeboyz Entertainment Plc

Homeboyz Entertainment Plc is an entertainment provider company that offers tailored services in event production.

The history of Homeboyz Entertainment Plc started in 1992 when it was established as a small DJ agency that catered for house parties and weddings. Today, the company has grown into the biggest and most influential entertainment company in the Eastern African region.

Homeboyz Entertainment Plc operates in the Consumer Services sector, specifically the Media industry and employs or contracts an estimated number of 200 employees.

Homeboyz Entertainment Plc is currently listed among the top 10 event production companies in Africa and has fascinated a wide variety of clients locally and outside the region, due to its vision of a no-compromise, unique approach to each event production.

The Nairobi Securities Exchange (NSE) has announced in October 2020 that Homeboyz Entertainment PLC would list on the Growth Enterprise Market Segment (GEMS) of the exchange on Monday 21 December, following approvals from the regulator.

Homeboyz Entertainment PLC was the tenth company to join the Nairobi Securities Exchange incubation programme in 2019 for a ten-month program where small and medium-sized companies are prepared for possible listing in the future with its portfolio. Homeboyz Entertainment PLC listed 63.2 Million shares at a price of 4.60 KES per share under the stock symbol HBE.

Homeboyz Entertainment PLC joined the Growth Enterprise Market Segment (GEMS) at the NSE by introduction, next to companies like Home Afrika, Flame Tree, Kurwitu and Nairobi Business.

Homeboyz Entertainment Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol HBE. Homeboyz Entertainment Plc has its headquarters in Nairobi, Kenya and its portfolio of products includes services in the Consumer Services sector.

Mike Rabar is the current CEO of Homeboyz Entertainment Plc.

Homeboyz Entertainment Plc Stock Performance

Homeboyz Entertainment PLC is the newest member on the Nairobi Securities Exchange (NSE) and the only listed entertainment company in Kenya.

The entertainment company gets most of its revenues from events management and that has significantly been affected by the current pandemic.

Homeboyz Entertainment Plc thus expected that its net profit for the year ending December 31st, 2020 would be significantly lower than the net profit reported at the end of December 31st, 2019 when it posted a net profit of 36.6 million KES.

In a statement to investors, Homeboyz announced that it had secured contracts with the Kenya Football Federation, Kenya Rugby League, WRC Safari Rally, East Africa Motor Sports Club, The Superbike Association, E-sports Federation of Kenya and the Magical Kenya Open. The company is convinced that its financial performance will improve as the economy recovers from the negative effects of the pandemic.

An analysis of financial data of Homeboyz Entertainment Plc and a research report by AIB-AXYS Africa released in December 2020 highlighted the company’s key revenue drivers, including diversified sources of income. Homeboyz Entertainment Plc’s new business model is based on long-term contracts, and the huge potential in the E-sports business.

Homeboyz was the 19th listed company to issue a profit warning for the current financial year.

Since Homeboyz Entertainment Plc stocks was only listed on the NSE in December 2020, no figures and information about trading performance, like Price/Earning ratio or earnings per share are available yet. The company listed 63.2 million shares at a price of 4.60 KES per share.

With an expected increase of earnings per share and possible profits, investors who consider to buy or sell Homeboyz Entertainment Plc stocks can look forward to profitable dividends and earnings in years to come.

With an analysis on the live chart of Homeboyz Entertainment Plc, analysts forecast further improved performance for the Consumer Services sector, specifically the Media industry, with market share growing as trading volumes increase.

Highlights of Homeboyz Entertainment Plc in 2021

Homeboyz Entertainment Plc was only listed in December 2020 with a share price of 4.60 KES, and no information is available on whether it has gained value on its price valuation, where year-to-date performance is concerned.

How to buy Homeboyz Entertainment 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 Homeboyz Entertainment 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
  • 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, “HBE”.
  • 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.

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