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FTN Cocoa Processing Limited (NGX: FTNCOCOA) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

FTN Cocoa Processing Limited is a company listed on the Nigerian Stock Exchange (NGX) that is known for processing Cocoa Beans and Palm Kernel

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FTN Cocoa Processing Limited

Overview of FTN Cocoa Processing Limited

Today, FTN Cocoa Processing Limited’s portfolio of products and services are diversified in more sectors of the Consumer Goods value chain and include the following: processing of Cocoa Beans and Palm Kernel into Cocoa Cake, Liquor, Butter, Powder, Palm Kernel Oil and Palm Kernel cake. The Company exports cocoa cake, liquor and butter to local manufacturing companies and markets cocoa powder, palm kernel oil and palm kernel cakes to local manufacturing companies.

The history of FTN Cocoa Processing Limited goes back to 1991 when it was registered as Fantastic Traders Nigeria Limited, a Limited Liability Company.

The company later extended its third party processing activities to Ile-Oluji, Cocoa Cooperative, Cocoa Akure and Cocoa products, Ede Osun State and established strong relations with cocoa product buyers all over the world. The company was listed on August 28, 2008.

FTN Cocoa Processing Limited has its head offices at Plot 5, Block 77, Basheer Shittu Avenue, Magodo GRA, Lagos.

FTN Cocoa Processing Limited renders its services in Nigeria and overseas.

The current Managing Director/Chief Executive Officer of FTN Cocoa Processing Limited is Abiola Ademola Aderonmu.

FTN Cocoa Processing Limited's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol FTNCOCOA.

FTN Cocoa Processing Limited forms part of the Food Processing Industry and the Consumer Goods Sector of the Nigerian Stock Exchange (NGX).

FTN Cocoa Processing Limited Stock Performance

The current price for FTN Cocoa Processing Limited stocks on the Nigerian Stock Exchange (NGX) is 0.41 Nigerian Naira (NGN).

An analysis of financial data of FTN Cocoa Processing Limited showed that the company has a total market capitalisation of 902 Million NGN, with a Price/Earning ratio of 0 and earnings per share of 0 NGN. A total of 2.2 Billion shares were outstanding.

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

According to an analysis on the live chart of FTN Cocoa Processing Limited, analysts forecast further improved performance for the Consumer Goods sector with market share growing as trading volumes increase.

FTN Cocoa Processors

Highlights of FTN Cocoa Processing Limited in 2021

FTN Cocoa Processing Limited started the current financial year (2021) with a share price of 0.66 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 37.9 % in value on its price valuation, ranking 150th on the NGX with its year-to-date performance.

FTN Cocoa Processing Limited is currently the 41st most-traded stock on the NGX and it has experienced a total trading volume of more than 87.2 million shares, which were finalised in  1,174 deals and were valued at a total of 42.2 million Nigerian Naira (NGN) over the recent three month period from August to November 2021, with an average of 1.38 million shares in each trading session.

During the same period a volume high of 11.7 million was achieved on 31 August.

FTNCOCOA has lost 7 % of the stock’s value from October 27th to date.

FTN Cocoa Processors - How to Trade

How to buy FTN Cocoa Processing Limited 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 FTN Cocoa Processing Limited 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, “FTNCOCOA”.
  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.

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.