McNichols Plc is an indigenous home grown fast moving consumer brand food and beverage company based in Nigeria that is listed on the Nigerian Stock Exchange (NGX) and manufactures, packages and markets a range of fortified sugar products.
Overview of McNichols Plc
Today, McNichols Plc’s portfolio of products and services are diversified in more sectors of the Consumer Goods value chain and include the following: granulated sugar, cube sugar, icing sugar, baking sugar, chocolate powder, custard powders and corn flakes.
The history of McNichols Plc goes back to April 2005 when it was first founded, and it had been listed on 18 December 2009.
McNichols Plc is committed to contributing to a healthier future of Nigerians and enhancing quality of life. The company claims that its main focus will always remain to develop innovative food products to meet the needs of consumers, improve on nutrition, quality and hygiene of food products in the local market and neighbouring environments.
McNichols Plc offers value to consumers by offering economical pack sizes to enhance affordability and improve the economic wellbeing of consumers in Nigeria and beyond.
McNichols Plc has its head offices at No. 7 Jeminat Laalu Street, Arepo, Ibadan Expressway, Lagos, Ogun State, Nigeria.
The company renders its services in Nigeria and surrounding areas in Western Africa.
The current CEO/managing director of McNichols Plc is Chimaraoke Ekpe.
McNichols Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol MCNICH.
McNichols Plc forms part of the Food Industry and the Consumer Goods Sector of the Nigerian Stock Exchange (NGX).
McNichols Plc Stock Performance
The current price for McNichols Plc stocks on the Nigerian Stock Exchange (NGX) is 0.77 Nigerian Naira (NGN).
An analysis of financial data of McNichols Plc showed that the company has a total market capitalisation of 252 Million NGN, with a Price/Earning ratio of 15.40 and earnings per share of 0.05 NGN.
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell McNichols Plc stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of McNichols Plc, analysts forecast further improved performance for the Consumer Goods sector with market share growing as trading volumes increase.
Highlights of McNichols Plc in 2021
McNichols Plc started the current financial year (2021) with a share price of 0.51 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 51 % in value on its price valuation, ranking 22nd on the NGX with its year-to-date performance.
McNichols Plc is currently the 88th most-traded stock on the NGX and it has experienced a total trading volume of more than 9.06 million shares, which were finalised in 16 deals and were valued at a total of 6.97 million Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 143,889 shares in each trading session.
During the same period a volume high of 8.87 million was achieved on November 29.
How to buy McNichols 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 McNichols 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, “MCNICH”.
- 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.
