Sign in Subscribe
Investments

Reacap Financial Investments Reports Significant Uptick in Financial Performance

Strategic Insights

— 2 min read

Reacap Financial Investments, a major player in Egypt's real estate sector, has seen a significant increase in its financial performance. According to data from The Egyptian Exchange (EGX), the company's closing price reached a high of 6.75 Egyptian Pounds on September 17, 2024, marking a year-to-date price change of 35.00%. This surge is mirrored in the company's adjusted open price, which stood at 4.667 Egyptian Pounds, reflecting a 44.64% increase after adjusting for capital structure changes. The company's robust capital position, with a market capitalization of 798.41 million Egyptian Pounds and a paid capital of 591.41 million Egyptian Pounds, has allowed it to announce a stock dividend of 1:0.0714, showcasing its strong financial health.

Key Takeaways:

  • Reacap Financial Investments reported a year-to-date price change of 35.00%, with a closing price of 6.75 Egyptian Pounds on September 17, 2024.
  • The company's adjusted open price stood at 4.667 Egyptian Pounds, reflecting a 44.64% increase after adjusting for capital structure changes.
  • Reacap announced a stock dividend of 1:0.0714, highlighting its robust capital position with a market capitalization of 798.41 million Egyptian Pounds.
  • The company traded a volume of 138,427 shares, with an average daily volume of shares traded at 762,038.
  • The highest price for the year was 7.15 Egyptian Pounds on September 17, while the lowest dipped to 3.88 Egyptian Pounds on June 4.
  • Reacap posted a last annual profit of 41.99 million Egyptian Pounds as of December 31, 2023.
  • The average daily value traded in the EGX for Reacap was 762,038 Egyptian Pounds, with the company participating in 39 trading days this year.
  • The price-to-earnings (P/E) ratio stood at 19.02, aligning with the sector's average of 21.80.

Statistics:

  • Year-to-date price change: 35.00%
  • Closing price on September 17, 2024: 6.75 Egyptian Pounds
  • Adjusted open price on September 17, 2024: 4.667 Egyptian Pounds
  • Market capitalization: 798.41 million Egyptian Pounds
  • Paid capital: 591.41 million Egyptian Pounds
  • Stock dividend announced: 1:0.0714
  • Trading volume on September 17, 2024: 138,427 shares
  • Average daily trading volume: 762,038 shares
  • Highest price for the year: 7.15 Egyptian Pounds (September 17)
  • Lowest price for the year: 3.88 Egyptian Pounds (June 4)
  • Last annual profit: 41.99 million Egyptian Pounds (as of December 31, 2023)
  • Average daily value traded in EGX: 762,038 Egyptian Pounds
  • Price-to-earnings (P/E) ratio: 19.02
  • Sector average P/E ratio: 21.80

Sources:

  • The Egyptian Exchange (EGX)
  • Reacap Financial Investments financial reports

Read more