TIP - The Initiates Plc
The Initiates Plc is a Nigerian indigenous company delivering international standard contracting and consultancy services in waste management, industrial cleaning, and decontamination to both private and public sectors including the oil and gas industry. The company has multi-disciplinary and flexible workforce structure that is functional in a wide range of work environments, and driven by innovation, excellence and commitment.
The Initiates Plc is listed on the Nigerian Stock Exchange (NGX) since October 25th, 2016. The Initiates is traded on the NGX under the ticker symbol “TIP”. The International Securities Identification Number (ISIN) of NGX:TIP is NGINITSPLC05. The Initiates Plc is currently the 131st most valuable stock on the NGX with a market capitalization of NGN 2.05 billion, which makes about 0.0034% of the Nigerian Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 2.30 |
| Day’s High Price | 2.30 |
| Traded Volume | 209,929 |
| Number of Deals | 14 |
| Gross Turnover | 484,134.50 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 890M |
| Market Capitalization | 2.05B |
TIP Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -9.09% | +7.48% | +13.3% |
| 6MO | 1YR | YTD |
|---|---|---|
| +24.3% | +125% | +100% |
The current share price of The Initiates Plc (TIP) is NGN 2.30. TIP closed its last trading day (Thursday, November 21, 2024) at 2.30 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.4% gain over its previous closing price of 2.29 NGN. The Initiates began the year with a share price of 1.15 NGN and has since gained 100% on that price valuation, ranking it 20th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TIP knowing the stock has accrued 7% over the past four-week period—32nd best on NGX.
The Initiates is the 57th most traded stock on the Nigerian Stock Exchange over the past three months (Aug 23 - Nov 21, 2024). TIP has traded a total volume of 82.1 million shares—in 1,653 deals—valued at NGN 167 million over the period, with an average of 1.3 million traded shares per session. A volume high of 12 million was achieved on October 11th, and a low of 16,240 on November 6th, for the same period. The table below details the last 10 trading days of activity of The Initiates on the Nigerian Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2024-11-21 | 209,929 | 2.30 | +0.01 | +0.44% |
| 2024-11-20 | 541,984 | 2.29 | +0.19 | +9.05% |
| 2024-11-19 | 438,935 | 2.10 | -0.20 | -8.70% |
| 2024-11-18 | 2,713,765 | 2.30 | -0.23 | -9.09% |
| 2024-11-15 | 152,544 | 2.53 | ||
| 2024-11-14 | 1,178,460 | 2.53 | +0.23 | +10.00% |
| 2024-11-13 | 614,613 | 2.30 | ||
| 2024-11-12 | 107,305 | 2.30 | ||
| 2024-11-11 | 413,724 | 2.30 | ||
| 2024-11-08 | 93,240 | 2.30 |
Profile of The Initiates Plc
The Initiates Plc operates in the Consumer Services sector.
Factsheet of The Initiates Plc
- Sector
- Consumer Services
- Industry
- —
- Address
- Plot 400 Location Road, Umuebule 5, Port Harcout, Rivers State, Nigeria
- Telephone
- +234-84-669-510
- Website
- www.initiatesgroup.com
TIP Industrial Market Competitors
The Initiates Plc, issuers of the TIP stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Consumer Services sector. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| JULI | Juli Plc | 2.06B | 10.30 | +1,646% |
| EUNISELL | Eunisell Interlinked Plc | 4.15B | 17.52 | +448% |
| RTBRISCOE | RT Briscoe | 3.33B | 2.83 | +364% |
| TANTALIZER | Tantalizers Plc | 5.4B | 1.08 | +130% |
| ACADEMY | Academy Press | 2.34B | 3.09 | +59.3% |
| ABCTRANS | Associated Bus Company | 2.99B | 1.25 | +54.3% |
| REDSTAREX | Red Star Express Plc | 4.68B | 4.90 | +54.1% |
| NAHCO | Nigerian Aviation Handling Co. | 75B | 38.50 | +51.6% |
| TRANSCOHOT | Transcorp Hotels Plc | 1.09T | 106.00 | +51% |
| UPL | University Press | 1.51B | 3.50 | +45.8% |