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Golden Guinea Brew

Buy Golden Guinea Brew stocks

Golden Guinea Brew (NGX: GOLDBREW) Stocks

What is Golden Guinea Brew Plc?

Golden Guinea Brew Plc is a Nigerian-based company that traces its history to 1962 when it was incorporated. Golden Guinea Brew Plc is a company involved with the brewing, bottling, and marketing of a portfolio of beer, stout, and malt drinks.

Founded in 1962 by the Easter Nigerian regional government, Golden Guinea Brew Plc was established to be an indigenous competitor to foreign manufacturers who infiltrated the country.

Golden Guinea Brew Plc was initially named Independence Brewery Limited. Its initial location was strategically chosen because of the importance of water in the formula. Production of beer started in 1963 with an annual capacity of 1 million gallons.

Golden Guinea Brew Plc introduced Eagle Stout to the market in 1967 but between 1967 and 1970 any further production was interrupted by the Nigerian Civil War. In 1971, Golden Guinea Brew Plc received its name, and it was revamped in 1975, with additional extensions built by the German firm, Coutinho Caro, which later participated in an equity offering issued by Golden Guinea Brew Plc.

In 2003, production at Golden Guinea Brew Plc’s facility was interrupted by a fire incident, but recent attempts were made to resuscitate the firm. Golden Guinea Brew Plc held franchise rights to produce as well as market Holsten Brewery’s Bergdorf premium lager beer as well as Bergdorf Malta in the region.

Golden Guinea Brew Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol GOLDBREW. Today, Golden Guinea Brew Plc forms part of the Beverages (Alcoholic) Industry, the Consumer Goods Sector, and the Beverages (Brewers/Distillers) subsector in Nigeria.

 

Golden Guinea Brew Plc Performance

The current share price for Golden Guinea Brew Plc stocks is 0.81 NGN and the company has a total market capitalization of 830 million NGN, with a P/E ratio of 0.00 NGN and earnings per share of 0.00 NGN, and a total of 1.02 billion shares outstanding.

In an analysis of financial data, Golden Guinea Brew Plc showed that profits/(loss) for the second quarter of 2022, which ended in June were 41,248,506 NGN, with a cost of sales of (1,421,943,218) NGN. The profits/(loss) from operating activities were (247,090,477) NGN.

The total comprehensive income/(loss) was (225,879,517) NGN, with a basic and diluted loss per share of 23 NGN. Administrative expenses for the quarter was (329,849,238) NGN, with taxation of 21,210,959 NGN applied on earnings.

The financial performance for Golden Guinea Brew Plc for the second quarter of 2022 showed that Golden Guinea Brew Plc traded 58.4% lower than the analyst forecast. However, revenue grew by 71.5% over the past year.

According to an analysis on the live chart for GOLDBREW, analysts forecast that Golden Guinea Brew Plc does not currently have a meaningful market cap or meaningful revenue, which may deter prospective shareholders who want to buy or sell shares as they cannot be assured of solid dividends or returns.

In August, 22 companies were reported to have fallen into default positions in the stock market free-float rules. According to the Nigerian Stock Exchange, quoted companies must have 20% of their share capital available for trading at any given time.

In addition to this, these companies had to leverage their market capitalisation to 40 billion NGN available for trading, which was required to remain within the regulatory threshold on any given trading day.

Golden Guinea Brew Plc was one of these companies that recorded free-float deficiencies at 83.4 million NGN.


Highlights of Golden Guinea Brew Plc in 2022

Golden Guinea Brew Plc has a share price of 0.81 NGN , and it is the 124th most-traded share on the Nigerian Stock Exchange. During the past three months, GOLDBREW experienced a trading volume of 43,234 shares, which were closed in 11 deals, with a combined value of 38,457 NGN, with an average of 686 shares traded in each session.

GOLDBREW experienced a volume trading high of 27,839 in July and over the past three months, GOLDBREW experienced a trading volume between 156 up to 27,839, with a consistent close of 0.81 NGN at the end of each trading session, which does not bode well for prospective investors.

 

How to buy Golden Guinea Brew 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 GOLDBREW stocks, traders and investors can follow these simple steps:

  1. Find the share that you want to purchase, in this case, “GOLDBREW”.
  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. Make your first share purchase through the broker.
  6. Build and diversify your portfolio by buying more shares.


FAQ

 

What type of company is Golden Guinea Brew Plc?

Golden Guinea Brew Plc is a Nigerian-based company engaged in the brewing, packaging, marketing, and widespread distribution of malt, stout, and lager beer in the region.

 

In which industry and sector does Golden Guinea Brew Plc operate?

Golden Guinea Brew Plc forms part of the Beverages (Alcoholic) Industry, the Consumer Goods Sector, and the Beverages (Brewers/Distillers) subsector in Nigeria.

 

On which stock exchange does Golden Guinea Brew Plc have shares for sale?

Golden Guinea Brew Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol GOLDBREW.

 

What is the price of GOLDBREW shares today?

The current price of GOLDBREW shares is 0.81 NGN .

 

Is Golden Guinea Brew Plc a good investment?

No, Golden Guinea Brew Plc is currently not a good investment as it shows truly little investor and trading activity in the past three months, especially considering the stock market free-float rules and the fact that Golden Guinea Brew Plc showed deficiencies.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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