Presco Plc is a vertically integrated agro-industrial corporation and a leader in oil palm cultivation and the extraction, refining, and fractionation of crude palm oil into vegetable oil and palm stearin.
Overview of Presco Plc
Presco Plc owns approximately 16,470 hectares of oil palm plantations, of which approximately 11,590 are mature; a palm oil mill capable of processing over 60 tons of fresh fruit bunches per hour; a refinery/fractionation plant capable of processing over 100 tons per day; and a palm kernel crushing plant capable of processing approximately 60 million tons per day.
Additionally, Presco Plc operates a packaging facility and a biogas plant that process the effluent from its palm oil mill and supply superior grade specialized fats and oils.
Today, Presco Plc’s portfolio of products and services are diversified in more sectors of the Consumer Goods value chain and include the following: refined bleached and deodorized palm oil; palm olein; palm stearin; palm fatty acid distillate; palm kernel oil, including crude and refined, and palm kernel cake.
The history of Presco Plc goes back to 1991 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on October 10, 2002.
Presco Plc has its head offices at Km 22, Benin/Sapele Rd, Obaretin Estate, Ikpoba-Okha Local Government Area, Benin City, Edo State, Nigeria.
The current CEO or managing director of Presco Plc is Felix Onwuchekwa Nwabuko.
Presco Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol PRESCO.
Presco Plc forms part of the Food Processing Industry and the Consumer Goods Sector of the Nigerian Stock Exchange (NGX).
Presco Plc Stock Performance
The current price for Presco Plc stocks on the Nigerian Stock Exchange (NGX) is 87.80 Nigerian Naira (NGN).
An analysis of financial data of Presco Plc showed that the company has a total market capitalisation of 87.8 Billion NGN. The number of shares outstanding is 1 Billion.
PRESCO closed its last trading day (Wednesday, January 26, 2022) at 87.80 NGN per share on the Nigerian Stock Exchange (NGX).
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Presco Plc stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of Presco Plc, analysts forecast further improved performance for the Consumer Goods sector with market share growing as trading volumes increase.
Highlights of Presco Plc in 2021/2022
Presco Plc is currently the 78th most-traded stock on the NGX and it has experienced a total trading volume of more than 13.3 million shares, which were finalised in 1,837 deals and were valued at a total of 1.13 billion Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 210,368 shares in each trading session.
During the same period a volume high of 762,880 was achieved on November 11 and a low of 8,917 on December 14.
How to buy Presco Plc stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Presco Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “PRESCO”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- Once your account has been activated, you are ready to make your first share purchase through the broker.
- From here you can start to build and diversify your portfolio by buying more shares.
