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 137th most valuable stock on the NGX with a market capitalization of NGN 917 million, which makes about 0.0025% of the Nigerian Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 0 |
| Number of Deals | 0 |
| Gross Turnover | 0.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 890M |
| Market Capitalization | 917M |
TIP Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -9.65% | -11.2% | +102% |
| 6MO | 1YR | YTD |
|---|---|---|
| +98.1% | +115% | +115% |
The current share price of The Initiates Plc (TIP) is NGN 1.03. TIP closed its last trading day (Thursday, September 28, 2023) at 1.03 NGN per share on the Nigerian Stock Exchange (NGX). The Initiates began the year with a share price of 0.48 NGN and has since gained 115% on that price valuation, ranking it 30th on the NGX in terms of year-to-date performance. Investors should, however, take caution of TIP’s recent poor performance, having lost 11% of its value in the past four weeks.
The Initiates is the 102nd most traded stock on the Nigerian Stock Exchange over the past three months (Jul 4 - Sep 29, 2023). TIP has traded a total volume of 11.4 million shares—in 183 deals—valued at NGN 9.61 million over the period, with an average of 180,250 traded shares per session. A volume high of 3.49 million was achieved on July 17th 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% |
|---|---|---|---|---|
| 2023-09-28 | 25,000 | 1.03 | ||
| 2023-09-26 | 25,000 | 1.03 | ||
| 2023-09-25 | 110,000 | 1.03 | -0.11 | -9.65% |
| 2023-09-22 | 95,002 | 1.14 | ||
| 2023-09-21 | 115,000 | 1.14 | ||
| 2023-09-20 | 150,000 | 1.14 | ||
| 2023-09-19 | 100,000 | 1.14 | ||
| 2023-09-18 | 2,100 | 1.14 | ||
| 2023-09-07 | 93,051 | 1.14 | ||
| 2023-09-06 | 200,000 | 1.14 |
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 |
|---|---|---|---|---|
| TRANSCOHOT | Transcorp Hotels Plc | 455B | 44.40 | +610% |
| NAHCO | Nigerian Aviation Handling Co. | 46.5B | 23.85 | +273% |
| ABCTRANS | Associated Bus Company | 1.89B | 0.79 | +216% |
| IKEJAHOTEL | Ikeja Hotel Plc | 9.01B | 3.25 | +210% |
| RTBRISCOE | RT Briscoe | 576M | 0.49 | +88.5% |
| TANTALIZER | Tantalizers Plc | 1.03B | 0.32 | +60% |
| LEARNAFRCA | Learn Africa | 2.55B | 3.30 | +50% |
| ACADEMY | Academy Press | 1.43B | 1.89 | +46.5% |
| CAVERTON | Caverton Offshore Support Group | 4.59B | 1.37 | +38.4% |
| REDSTAREX | Red Star Express Plc | 2.81B | 2.94 | +30.1% |