MEYER - Meyer Plc
Meyer Plc (previously DN Meyer) is a manufacturer and marketer of paints. The company was incorporated on 20th May, 1960 and subsequently converted to a public company in 1979. Meyer Plc is an offshoot of the former Hagemeyer Nigeria Limited, the manufacturer of Sigma Paints and Cosmetics. In 1994, Hagemeyer was bought over by Dunlop Nigeria Plc, which led to the change of both the corporate and brand names to Meyer Plc and Meyer Paints respectively. However, in July 2003, Dunlop Nigeria divested its controlling shares from DN Meyer Plc to ACIMS Limited and Meyer Plc ceased to be a subsidiary of Dunlop Nigeria. About this same period, Meyer Plc acquired the flooring adhesives business of Dunlop, extending the scope of its operation from the production and marketing of only paints to the production and marketing of floor tiles and adhesives.
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|Number of Deals:||0||Shares Outstanding:||531.24m|
MEYER Stock Market Performance
The stock of Meyer Plc (MEYER) is currently trading at 0.50 NGN per share on the Nigerian Stock Exchange. MEYER began the year with a share price of 0.54 NGN but has since lost 7.41% off that price valuation, ranking it 88th on the NSE in terms of year-to-date performance. Shareholders' fears may be allayed by the 8.7% increase of MEYER share price in recent weeks - since March 6. The table below details the last 10 trading days of activity of Meyer Plc on the Nigerian Stock Exchange.
Profile of Meyer Plc
Meyer Plc operates in the Industrials sector. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
|Factsheet of Meyer Plc|
Plot 34, Oregun Indus Estate, Alausa-Ikeja, Lagos PMB 21002, Nigeria
MEYER Industrial Market Competitors
Meyer Plc, issuers of the MEYER stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector. The table below gives you an overview of the market standing of the top 10 by year-to-date performance.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|BETAGLAS||Beta Glass Company||35.00b||70.00||+30.1%|
|JBERGER||Julius Berger Nigeria Plc||29.11b||22.05||+10.8%|
|NOTORE||Notore Chemical Industries Plc||100.75b||62.50||+0.00%|
|PORTPAINT||Portland Paints & Products||1.77b||2.23||+0.00%|
|JOHNHOLT||John Holt Plc||217.92m||0.56||+0.00%|