Okomu Palm Oil Plc is a Nigeria-based company listed on the Nigerian Stock Exchange (NGX).
Okomu Palm Oil Plc is engaged in the cultivation of oil palm, the processing of fresh fruit bunches into crude palm oil for resale, the planting of rubber trees and the processing of rubber lumps into rubber cake for export.
Overview of Okomu Palm Oil Plc
Okomu Palm Oil Plc manufactures and runs two oil mills with a capacity of 30 tonnes per hour, with an additional two mills with a capacity of 30 tonnes per hour having recently been operational.
The history of Okomu Palm Oil Plc goes back to 1976 when it was first founded as a Federal Government project to rehabilitate oil palm production in Nigeria. The pilot project covered 15 589 hectares, 12 500 of which were planted with oil palms. Okomu Palm Oil Plc was privatized in 1990 and has grown to become Nigeria's leading oil palm company, with approximately 18 000 hectares of palm oil trees and 9 500 hectares of rubber trees planted.
Okomu Palm Oil Plc was listed on the Nigerian Stock Exchange (NGX) on 3 March 1991.
Today, Okomu Palm Oil Plc’s portfolio of products and services are diversified in more sectors of the Consumer Goods value chain and include cooking oil and natural rubber products.
Okomu Palm Oil Plc has its head offices at Okomu-Udo, Ovia South West LGA, Okomu Oil Palm Estate, Benin City, Edo State, Nigeria.
The company renders its services in Cote D'ivoire, Liberia, Guinea, Cameroon, Kenya and Indonesia.
The current CEO or managing director of Okomu Palm Oil Plc is Graham D. Hefer.
Okomu Palm Oil Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol OKOMUOIL.
Okomu Palm Oil Plc forms part of the Agricultural Industry and the Consumer Goods Sector of the Nigerian Stock Exchange (NGX).
Okomu Palm Oil Plc Stock Performance
The current price for Okomu Palm Oil Plc stocks on the Nigerian Stock Exchange (NGX) is 142.00 Nigerian Naira (NGN).
An analysis of financial data of Okomu Palm Oil Plc showed that the company has a total market capitalisation of 135 Billion NGN with a P/E ratio of 25.22 and earnings per share of 5.63 NGN. The number of shares outstanding is 954 Million.
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Okomu Palm Oil Plc stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of Okomu Palm Oil Plc, analysts forecast further improved performance for the Consumer Goods sector with market share growing as trading volumes increase.
Highlights of Okomu Palm Oil Plc in 2021/2022
Okomu Palm Oil Plc is currently the 85th most-traded stock on the NGX and it has experienced a total trading volume of more than 8.09 million shares, which were finalised in 1,778 deals and were valued at a total of 1.06 billion Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 128,436 shares in each trading session.
During the same period a volume high of 1.59 million was achieved on December 22 and a low of 2,099 on December 30.
How to buy Okomu Palm Oil 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 Okomu Palm Oil 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, “OKOMUOIL”.
- 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.
