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 146th most valuable stock on the NGX with a market capitalization of NGN 356 million, which makes about 0.0013% of the Nigerian Stock Exchange equity market.

TIP0.40 ▪ 0.00
3 days ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume0
Number of Deals0
Gross Turnover0.00
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding890M
Market Capitalization356M
Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated

TIP Stock Market Performance

1WK4WK3MO
-9.09%-9.09%
6MO1YRYTD
+8.11%-14.9%+8.11%

The current share price of The Initiates Plc (TIP) is NGN 0.40. TIP closed its last trading day (Tuesday, June 14, 2022) at 0.40 NGN per share on the Nigerian Stock Exchange (NGX). The Initiates began the year with a share price of 0.37 NGN and has since gained 8.11% on that price valuation, ranking it 50th on the NGX in terms of year-to-date performance. Investors should, however, take caution of TIP’s recent bad performance, having lost 9% of its value in the past four weeks.

The Initiates is the 124th most traded stock on the Nigerian Stock Exchange over the past three months (Mar 23 - Jun 24, 2022). TIP has traded a total volume of 210,000 shares—in 2 deals—valued at NGN 84,400 over the period, with an average of 3,333 traded shares per session. A volume high of 200,000 was achieved on June 10th for the same period. The table below details the last 10 trading days of activity of The Initiates on the Nigerian Stock Exchange.

DateVolumeCloseChangeChange%
2022-06-1410,0000.40
2022-06-10200,0000.40-0.04-9.09%
2022-03-141,2800.44
2022-02-2489,7570.44
2022-02-108000.44
2022-02-091,0000.44
2022-02-081,0000.44
2022-02-047000.44
2022-01-284040.44
2022-01-25150.44

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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