MEYER - Meyer Plc
Meyer Plc (previously DN Meyer) is a manufacturer and marketer of paints. The company was incorporated on 20th May, 1960 and subsequently converted to a public company in 1979. Meyer Plc is an offshoot of the former Hagemeyer Nigeria Limited, the manufacturer of Sigma Paints and Cosmetics. In 1994, Hagemeyer was bought over by Dunlop Nigeria Plc, which led to the change of both the corporate and brand names to Meyer Plc and Meyer Paints respectively. However, in July 2003, Dunlop Nigeria divested its controlling shares from DN Meyer Plc to ACIMS Limited and Meyer Plc ceased to be a subsidiary of Dunlop Nigeria. About this same period, Meyer Plc acquired the flooring adhesives business of Dunlop, extending the scope of its operation from the production and marketing of only paints to the production and marketing of floor tiles and adhesives.
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MEYER Stock Market Performance
The current share price of Meyer Plc (MEYER) is NGN 0.20. MEYER closed its last trading day (Monday, September 27, 2021) at 0.20 NGN per share on the Nigerian Stock Exchange (NGX). Meyer began the year with a share price of 0.50 NGN but has since lost 60% off that price valuation, ranking it 154th on the NGX in terms of year-to-date performance.
Meyer is the 111th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 29 - Sep 27, 2021). MEYER has traded a total volume of 403,447 shares—in 48 deals—valued at NGN 181,550 over the period, with an average of 6,404 traded shares per session. A volume high of 64,593 was achieved on August 4th for the same period. The table below details the last 10 trading days of activity of Meyer on the Nigerian Stock Exchange.
Profile of Meyer Plc
Meyer Plc operates in the Industrials sector.
|Factsheet of Meyer Plc|
Plot 34, Oregun Indus Estate, Alausa-Ikeja, Lagos PMB 21002, Nigeria
MEYER Industrial Market Competitors
Meyer Plc, issuers of the MEYER stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
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|UACN||UAC of Nigeria (UACN) Plc||29.1B||10.10||+39.3%|
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