African Stock Exchanges

TIP - The Initiates Plc

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TIP share price on Nigerian Stock ExchangeTIP share price on Nigerian Stock Exchange

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 122nd most valuable stock on the NGX with a market capitalization of NGN 2.09 billion, which makes about 0.0036% of the Nigerian Stock Exchange equity market.

TIP2.35 ▪ 0.00
1 day ago
Last Trading Results
Opening Price
Day’s Low Price2.35
Day’s High Price2.35
Traded Volume7.69M
Number of Deals13
Gross Turnover18M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding890M
Market Capitalization2.09B
Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated

TIP Stock Market Performance

1WK4WK3MO
+4.44%+14.6%+52.6%
6MO1YRYTD
+128%+352%+104%

The current share price of The Initiates Plc (TIP) is NGN 2.35. TIP closed its last trading day (Friday, April 12, 2024) at 2.35 NGN per share on the Nigerian Stock Exchange (NGX). The Initiates began the year with a share price of 1.15 NGN and has since gained 104% on that price valuation, ranking it fourth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TIP knowing the stock has accrued 15% over the past four-week period—15th best on NGX.

The Initiates is the 39th most traded stock on the Nigerian Stock Exchange over the past three months (Jan 10 - Apr 12, 2024). TIP has traded a total volume of 146 million shares—in 1,934 deals—valued at NGN 330 million over the period, with an average of 2.32 million traded shares per session. A volume high of 14.2 million was achieved on January 10th, and a low of 4,688 on March 11th, for the same period. The table below details the last 10 trading days of activity of The Initiates on the Nigerian Stock Exchange.

DateVolumeCloseChangeChange%
2024-04-127,688,1182.35
2024-04-084,011,6972.35-0.14-5.62%
2024-04-057,198,2752.49-0.01-0.40%
2024-04-04832,8952.50+0.20+8.70%
2024-04-033,763,7162.30+0.05+2.22%
2024-04-024,252,9202.25-0.02-0.88%
2024-03-281,523,4702.27+0.03+1.34%
2024-03-274,442,4492.24+0.04+1.82%
2024-03-261,304,2352.20+0.05+2.33%
2024-03-251,909,3012.15

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

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.


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

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