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Afromedia PLC

Buy Afromedia stocks

Afromedia PLC (NGX: AFROMEDIA)

What is Afromedia PLC?

AFROMEDIA – Afromedia PLC traces its history back to 1959 when it was incorporated as a private Limited Liability Company, serving as an outdoor advertising company in Nigeria. Afromedia PLC has a portfolio of outdoor advertising that consists of airports, street furniture, and billboards.

Afromedia PLC operates through two main segments namely Transit and Roadside. The Transit segment is involved in airport advertising whereas the roadside includes street furniture and billboards.

The Airport segment includes a variety of products and services including:

  • Backlit boxes – which are strategically distributed in airports to provide high visibility for a variety of campaigns.
  • Electroluminescent structures – which provides some of the best illumination.
  • Ultra-Wave – which are innovative structures that allow for multi-campaign displays where these displays are changed every 2 minutes, effectively attracting traffic.
  • Dropdown arrows – which are suspended from the ceiling and placed in such a position that the campaign draws more traffic.
  • Wall drapes – which are mounted on walls, effectively capturing attention from afar.

 

The Afromedia PLC Roadside Structures can be categorized into the following:

  • Lamp Post Banners are perfect for multiple campaign bullet points placed along all major roads.
  • LED Lamp Poster Banners can display multiple campaign bullet points which are illuminated for effective night-time viewing.
  • IAT Unipole displays the campaign in a larger format, ensuring that the campaign can be noticed from a distance.
  • 48-sheet structures lightboxes – which feature unique structures that have aluminium fittings, providing the perfect way for campaigns to reach their audience.

 

Afromedia PLC’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol AFROMEDIA. Today, Afromedia PLC’s Group Chief Executive Officer is Otunba Ireola Olopade, with Ibrahim Isiyaku as the Independent Non-Executive Chairman, and Patrick Osita Nwabunie as the Chief Operating Officer.

 

Afromedia PLC Performance

The current share price for Afromedia PLC stocks is 0.20 NGN and the company has a total market capitalization of 888 million NGN. The P/E ratio for Afromedia PLC is 2.50 NGN and the earnings per share (EPS) is 0.08 NGN, with a total of 4.44 billion shares outstanding.

In an analysis of financial data for 2022 thus far, during the period that ended in June, Afromedia PLC achieved revenues of 81.98 million NGN, with gross profits of 71.69 million NGN achieved, and operating income of (55.41) million NGN.

The net income before taxes was (55.23) million NGN and (53.42) million NGN after taxes. The net income recorded for Afromedia PLC was (53.42) million NGN.

According to an analysis on the live chart of AFROMEDIA, Afromedia PLC achieved linear and stable financial performance for the year to date. However, the information on the past few years’ performances for Afromedia PLC is not available.

This makes it increasingly difficult to determine the forecast on future performance as there is nothing against which it can be compared. There is currently no news on Afromedia PLC, its forecast and outlook, future developments, or strategic plans.

Many companies and economies faced financial turmoil during the Covid-19 pandemic, with many companies slow to recover as the economy re-opens. Afromedia PLC is set to report its third-quarter earnings at the end of September, which should shed some light on expectations for profits and subsequent dividends for shareholders.


Highlights of Afromedia PLC in 2022

Afromedia PLC currently has a share price of 0.20 NGN , and the company is the 106th most-traded stock on the NGX. In the past three months, AFROMEDIA achieved a total trading volume of 1.01 million shares in 47 transactions, to the value of 202,520 NGN during the period.

The average shares which were traded in each session amounted to 16,073 and AFROMEDIA achieved an all-time trading volume high of 356,1000 in September during this period.

Highlights in financial performance for the period that ended in June indicated that Afromedia PLC showed increased revenues, from 65.87 million NGN in March up to 81.98 million NGN, translating to a total increase of 16.11 million NGN, or 24.46%.

While this provides significant performance that can direct the investment decisions of investors who want to buy or sell AFROMEDIA shares, investors must consider these shares based on their portfolios and risk tolerance.

 

How to buy Afromedia PLC stocks Step-by-step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade AFROMEDIA stocks, traders and investors can follow these simple steps:

  • Find the share that you want to purchase, in this case, “AFROMEDIA”.
  • Select a forex broker that offers AFROMEDIA 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.
  • Make your first share purchase through the broker.
  • Build and diversify your portfolio by buying more shares.


FAQ

 

What type of company is Afromedia PLC?

Afromedia PLC is a Nigerian-based company involved in outdoor advertising. The two main segments within which Afromedia PLC operates relates to Transit and Roadside, each with their areas that they cover, providing customers with effective ways to advertise campaigns in several different formats.

 

In which industry and sector does Afromedia PLC operate?

Afromedia PLC forms part of the Advertising sector.

 

On which stock exchange does Afromedia PLC have shares for sale?

Afromedia PLC trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol AFROMEDIA.

 

What is the price of AFROMEDIA shares today?

The current price of AFROMEDIA shares is 0.20 NGN .

 

Is Afromedia PLC a good investment?

No, Afromedia PLC is currently not a good investment because of the lack of development for this country. Even though there is solid performance reported for the quarter, this investment can be considered high risk for some investors, especially beginners.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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