BOCGAS - BOC Gases Nigeria Plc
BOC Gases Nigeria Plc is an industrial and medical gases manufacturer headquartered in Lagos, Nigeria. BOC is the market leader in West Africa for the production and distribution of industrial gases, including argon, nitrogen carbon dioxide, and oxygen, as well as welding products. BOC also engages in the sale and marketing of special gases, welding, and medical equipment. Its major customers include the Nigerian Bottling Company (Coca-Cola Bottler), Guinness Nigeria, Chevron, Nigerdock, West African Ventures, Lafarge, African Diving Services, Lagos University Teaching Hospital, University College Hospital, NLNG, and Exxon Mobil.
Incorporated as a public limited company under the name Industrial Gases (Nigeria) Limited in 1959, BOC Gases changed to its current label in 1997. The company has been listed on the Nigerian Stock Exchange since 1979. In 2006, The Linde Company AG, a global leader in gases, engineering, and technology solutions, acquired 60% of BOC Gases Nigeria Plc with the balance being held by Nigerian shareholders. As a member of The Linde Group, BOC Nigeria also has access to the continent's biggest industrial gases and welding products group, African Oxygen Limited (Afrox), which operates in South Africa and 10 other African countries.
|Last Trading Results|
|Day’s Low Price|
|Day’s High Price|
|Number of Deals||14|
|Growth & Valuation|
|Earnings Per Share||0.64|
|Dividend Per Share|
BOCGAS Stock Market Performance
The current share price of BOC Gases Nigeria Plc (BOCGAS) is NGN 11.65. BOCGAS closed its last trading day (Friday, September 24, 2021) at 11.65 NGN per share on the Nigerian Stock Exchange (NGX). BOC Gases began the year with a share price of 9.57 NGN and has since gained 21.7% on that price valuation, ranking it 38th on the NGX in terms of year-to-date performance.
BOC Gases Nigeria is the 91st most traded stock on the Nigerian Stock Exchange over the past three months (Jun 28 - Sep 24, 2021). BOCGAS has traded a total volume of 5.13 million shares—in 614 deals—valued at NGN 49.8 million over the period, with an average of 81,410 traded shares per session. A volume high of 1.16 million was achieved on July 28th for the same period. The table below details the last 10 trading days of activity of BOC Gases Nigeria on the Nigerian Stock Exchange.
Profile of BOC Gases Nigeria Plc
BOC Gases Nigeria Plc was founded on November 12, 1959 and operates in the Basic Materials sector, specifically, the Chemicals industry. The company is led by Ayodeji Oseni as its Managing Director/CEO. The company's board of directors, chaired by Abiodun Olabode Alabi, is composed of eight members whose names are listed below.
- Alabi, Abiodun Olabode
- Oseni, Ayodeji
- Alayaki, Adeshina
- De Waal, Hendrik Mentz
- Mabelane, Ben
- Oyedele, Olawale Oyeniyi
- Adeleke, Adebayo
- Oriseh, Gabinus Enuborda
|Factsheet of BOC Gases Nigeria Plc|
Block H, Plot 1-3, Apapa-Oshodi Expressway, Oshodi, Lagos, Nigeria
BOCGAS Industrial Market Competitors
BOC Gases Nigeria Plc, issuers of the BOCGAS stock on the Nigerian Stock Exchange, have four market competitors who are also engaged in the Basic Materials sector and/or Chemicals industry. The table below presents an overview of their market standing.
|MULTIVERSE||Multiverse Mining & Exploration||852M||0.20|
|THOMASWY||Thomas Wyatt Nigeria||77M||0.35|
|ALEX||Aluminium Extrusion Industries||1.58B||7.20||-11.1%|
|JAPAULGOLD||Japaul Gold and Ventures Plc||3.01B||0.48||-22.6%|