POP - Pesewa One Plc

Sep 29, 2023 at 16:59 Twitter · Facebook

POP share price on Ghana Stock Exchange

Pesewa ONE PLC is a Ghanaian business incubator engaged in the building and development of enterprises in industries such as technology, education, media, advertising, finance, and professional services. The genesis of the Pesewa brand was in the launch of Pesewa Global and Pesewa Investment Club in 2018 to invest in innovative young start-up businesses. The Pesewa Investment Club has since grown into Pesewa ONE PLC with 55 start-up ideas and businesses currently under the incubator. The objective of Pesewa ONE is to develop platforms to inspire young Ghanaian entrepreneurs to begin their journeys of creating wealth and jobs.

In terms of its business model, Pesewa ONE takes up 30% shares in each of the businesses under its incubator program and receives dividends when any of these businesses make a profit. Additionally, the company realizes capital gains upon sale of any of these businesses. Pesewa ONE is also entitled to management fees for services provided to each business for the first five years of the business’s existence. Pesewa ONE owns and monetizes all the data from its activities and those of the incubate businesses through its website.

NOTE: Shares of Pesewa One Plc have been delisted from the Ghana Stock Exchange (GSE) since close of trading on Friday, September 29, 2023. Pesewa One was traded on the GSE under the ticker symbol “POP”. The International Securities Identification Number (ISIN) of GSE:POP was GHEPOP062910. Pesewa One Plc was the 35th most valuable stock on the GSE with a market capitalization of GHS 3.4 million, which made about 0.0046% of the Ghana Stock Exchange equity market at the time of delisting.

POP Stock Market Performance

The current share price of Pesewa One Plc (POP) is GHS 0.68. POP closed its last trading day (Tuesday, May 17, 2022) at 0.68 GHS per share on the Ghana Stock Exchange (GSE). The table below details the last nine trading days of activity of Pesewa One on the Ghana Stock Exchange.

Profile of Pesewa One Plc

Pesewa One Plc was founded on February 7, 2018 and operates in the Financials sector, specifically, the Investment Services industry. The company is led by Dr. Prince Abbey (40) as its Chief Executive Officer. The company's board of directors, chaired by Franklin Owusu Karikari (41), is composed of six members whose names are listed below.

1. Karikari, Franklin Owusu
   Independent Chairman
2. Abbey, Prince (Dr.)
   Chief Executive Officer
3. Adjei, Osei Yaw
   Executive Director
4. Hussein, Abdul Jaleel
   Non-Executive Director
5. Ahorbo, Araba Twiba
   Independent Director
6. Stephens, Vak
   Independent Director

POP Industrial Market Competitors

Pesewa One Plc, issuers of the POP stock on the Ghana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange