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Premier Paints Plc (NGX: PREMPAINTS) Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024
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Premier Paints Plc

Premier Paints Plc is a Nigerian-based company listed on the Nigerian Stock Exchange (NGX) and engaged in the production and marketing of different grades of paints, wood finishes for the furniture industry, and decorative, industrial coatings and auto refinishes. Premier Paints Plc is a subsidiary of Red Sea Housing Services Company Limited.

The history of Premier Paints Plc goes back to 1982 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on April 7, 1995.

Overview of Premier Paints Plc

Today, Premier Paints Plc’s portfolio of products and services are diversified in more sectors of the Industrials value chain and include the following: a decorative range that includes emulsion, gloss and textured products; an industrial range that includes red oxide primer, bright aluminium paint for street light poles, bridge railings and storage tanks, and black bituminous paint, quick dry cellulose, fast dry enamel, primer, alkyd floor paint, epoxy floor paint, roof paint and enamel stove paint; the marine range includes epoxy hybrid paint, epoxy primer red paint, epoxy finish paint and polyurethane finish paint; the wood finishes range includes a glossy finish for interior and exterior wood surfaces; the auto refinishes range includes solid, metallic, varnish and primer; thinners and solvents and the company produces a product for road marking.

Premier Paints Plc has its head offices at Kilometre 2, Ifo-Ibogun Road, Ifo, Ogun State, Nigeria.

The current CEO or managing director of Premier Paints Plc is Mufutau Adeoye Yusuf.

Premier Paints Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol PREMPAINTS.

Premier Paints Plc forms part of the Chemical Manufacturing Industry and the Industrials Sector of the Nigerian Stock Exchange (NGX).

Premier Paints Plc Stock Performance

The current price for Premier Paints Plc stocks on the Nigerian Stock Exchange (NGX) is 10.00 Nigerian Naira (NGN).

An analysis of financial data of Premier Paints Plc showed that the company has a total market capitalisation of 1.23 Billion NGN with a P/E ratio of 0 and earnings per share of 0 NGN. A total of 123 Million shares are outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Premier Paints Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Premier Paints Plc, analysts forecast further improved performance for the Industrials sector with market share growing as trading volumes increase.

Premier-Paints-Shares

Highlights of Premier Paints Plc in 2021/2022

Premier Paints Plc started the current financial year (2021) with a share price of 10.00 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX).

Premier Paints Plc is currently the 130th most-traded stock on the NGX and it has experienced a total trading volume of 14,754 shares, which were finalised in 11 deals and were valued at a total of 132,787 Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 234 shares in each trading session.

During the same period a volume high of 9,000 was achieved on November 9.

How to buy Premier Paints 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 Premier Paints Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “PREMPAINTS”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. 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.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.