SKYAVN - Skyway Aviation Handling Co. Plc

Jul 4, 2022 at 13:57 Twitter · Facebook

SKYAVN share price on Nigerian Stock Exchange

Skyway Aviation Handling Company Plc (SAHCO) is the leading ground handling company in Nigeria. The company was carved out of the liquidated Nigeria Airways as part of the Nigerian Federal Ministry of Aviation's reform of 1996. SAHCO was formerly known as Skypower Aviation Handling Company before it was privatized and handed over to the Sifax Group on December 23, 2009. Today, SAHCO is 100% owned by the Sifax Group and incorporated as an aviation ground handling service provider under the Company & Allied Matters Act of 1990. Skyway Aviation's business operations include all the actions that take place from the time an aircraft touches down on the tarmac to the time it is airborne again, encompassing ramp handling, passenger handling, cargo handling, aviation security, baggage reconciliation, charter operations, and premium lounge. SAHCO is present in all the commercially operated airports in Nigeria.

Skyway Aviation Handling Co. Plc is listed on the Nigerian Stock Exchange (NGX) since April 26th, 2019. Skyway Aviation Handling is traded on the NGX under the ticker symbol “SKYAVN”. The International Securities Identification Number (ISIN) of NGX:SKYAVN is NGSKYAVN0003. Skyway Aviation Handling Co. Plc is currently the 63rd most valuable stock on the NGX with a market capitalization of NGN 9.27 billion, which is about 0.033% of the Nigerian Stock Exchange equity market.

SKYAVN Stock Market Performance

The current share price of Skyway Aviation Handling Co. Plc (SKYAVN) is NGN 6.85. SKYAVN closed its last trading day (Thursday, June 30, 2022) at 6.85 NGN per share on the Nigerian Stock Exchange (NGX). Skyway Aviation Handling began the year with a share price of 5.30 NGN and has since gained 29.3% on that price valuation, ranking it 26th on the NGX in terms of year-to-date performance.

Skyway Aviation Handling Co. is the 112th most traded stock on the Nigerian Stock Exchange over the past three months (Mar 30 - Jul 1, 2022). SKYAVN has traded a total volume of 1.62 million shares—in 170 deals—valued at NGN 10 million over the period, with an average of 25,644 traded shares per session. A volume high of 813,967 was achieved on April 21st for the same period. The table below details the last 10 trading days of activity of Skyway Aviation Handling on the Nigerian Stock Exchange.

Profile of Skyway Aviation Handling Company Plc

Skyway Aviation Handling Company Plc operates in the Industrials sector, specifically, the Aviation industry. The company is led by Basil Agboarumi as its Managing Director/CEO. The company's board of directors, chaired by Dr. Afolabi Taiwo, is composed of 12 members whose names are listed below.

1. Taiwo, Afolabi (Dr.)
   Chairman
2. Ogeah, Chike (Barrister)
   Vice Chairman
3. Owolabi, Oluropo (Dr.)
   Non-Executive Director
4. Olutoye, Ariyo
   Non-Executive Director
5. Filani, Kayode (Barrister)
   Non-Executive Director
6. Iyal, Shehu Usman (Capt.)
   Non-Executive Director
7. Anyanwu, Anogwi
   Independent Director
8. Agboarumi, Basil
   Managing Director/CEO
9. Afolabi, Babatunde
   Executive Director
10. Ukwunna, Boma (Mrs.)
    Executive Director
11. Adigun, Olaniyi
    Executive Director
12. Bello, Omolara (Mrs.)
    Company Secretary

SKYAVN Industrial Market Competitors

Skyway Aviation Handling Company Plc, issuers of the SKYAVN stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector and/or Aviation 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