Greif Nigeria (NGX: VANLEER) Stocks
What is Greif Nigeria Plc?
Greif Nigeria Plc is a Nigerian-based company that traces its history to 1940 when it was incorporated. Greif Nigeria Plc is a company that is involved in the production of a portfolio of industrial packaging products as well as a range of related services.
Greif Nigeria Plc operates through three main segments, namely Global Industrial Packaging, Paper Packaging and Services, and Land Management.
The Global Industrial Packaging segment consists of the following portfolio of products:
- Plastic drums
- Rigid and flexible intermediate bulk containers
- Closure systems for industrial packaging products
- Products to protect goods during transit
- Water bottles
- Remanufactured and reconditioned industrial containers
The Packaging and Services segment of Greif Nigeria Plc is involved in the production and sale of containerboard, corrugated sheets, corrugated containers, and a wide range of other corrugated products. These products are exported and sold to North American businesses that operate in industries such as automotive, food, building, and packaging.
Greif Nigeria Plc’s Land Management segment is involved with the harvesting and regeneration of timber properties in the United States.
Greif Nigeria Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol VANLEER. Today, Greif Nigeria Plc forms part of the Containers and Packaging Industry, the Industrials Sector, and the Packaging/Containers subsector.
Greif Nigeria Plc Performance
The current share price for Greif Nigeria Plc stocks is 5.45 NGN and the company has a total market capitalization of 232 million NGN, with a P/E ratio of 0.00 NGN and earnings per share of 2.39 NGN, and a total of 42.6 million shares outstanding.
In an analysis of financial data, Greif Nigeria Plc showed that profits for the second quarter of 2022, which ended in July were 310.80 million NGN, up from the 265.90 million NGN which was reported at the end of April.
Greif Nigeria Plc reported revenues of 1,490.80 million NGN, up from the 1,340.60 million NGN which was reported for the previous quarter. The selling/general/administrative expenses for the quarter was slightly lower than the first quarter, amounting to 142.60 million NGN.
The total operating expenses experienced by Greif Nigeria Plc for the quarter were 1,318 million NGN and the total operating income for the quarter was 172.70 million NGN. Net income before taxes was 149.40 million NGN, with net income after taxes of 116.30 million NGN.
The equity in affiliates was 2.10 million NGN, with a diluted net income of 113 million NGN. The Diluted EPS excluding ExtraOrd items was 2.32 NGN, with diluted normalised EPS of 2.39 NGN, showing significant improvement from the 1.60 NGN for the previous quarter.
According to an analysis on the live chart for VANLEER, the forecast does not bode well with short-, mid-, and long-term share prices indicating significant declines. VANLEER closed its last trading day, September 29, at 5.45 NGN, which dropped by 9.9% from the previous close of 6.05 NGN.
The worries of shareholders have been compounded by the fact that VANLEER stocks lost 10% of their value from mid-September to date. Furthermore, VANLEER further shows losses of 9.92% over the past three months, 18.7% over six months, and 40.1% in the past year.
However, despite this, Greif Nigeria Plc reported a diluted normalized EPS of 2.39 NGN, up from the 1.60 NGN which was reported for the previous quarter, which may mean that shareholders who want to buy or sell shares could expect solid dividends and returns.
Highlights of Greif Nigeria Plc in 2022
Greif Nigeria Plc started the year with a share price of 8.20 NGN, and it has since lost 33.5% off this price valuation, which ranks it 151st on the Nigerian Stock Exchange where year-to-date performance is concerned.
Greif Nigeria Plc is currently the 112th most-traded stock on the Nigerian Stock Exchange. During the past three months, from July to October, VANLEER reported a total trading volume of 421,583 shares which were closed in 6 deals, with a combined value of 2.3 million NGN, with an average of 6.692 shares which were traded in each session.
VANLEER reported an all-time volume high of 419,550 achieved at the end of September, with an all-time low of 133 recorded for mid-August. Despite concerning share performance, Greif Nigeria Plc experienced improvements in its balance sheet, especially in profits and revenue.
How to buy Greif Nigeria 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 VANLEER stocks, traders and investors can follow these simple steps:
- Find the share that you want to purchase, in this case, “VANLEER”.
- 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.
- Make your first share purchase through the broker.
- Build and diversify your portfolio by buying more shares.
What type of company is Greif Nigeria Plc?
Greif Nigeria Plc is a Nigerian-based company engaged in the manufacturing and the marketing of a range of products such as metal drum containers, and several others.
In which industry and sector does Greif Nigeria Plc operate?
Greif Nigeria Plc forms part of the Containers and Packaging Industry, the Industrials Sector, and the Packaging/Containers subsector.
On which stock exchange does Greif Nigeria Plc have shares for sale?
Greif Nigeria Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol VANLEER.
What is the price of VANLEER shares today?
The current price of VANLEER shares is 5.45 NGN .
Is Greif Nigeria Plc a good investment?
No, Greif Nigeria Plc is currently not a good investment as it shows exceptionally low investor interest and trading volumes, which indicates low liquidity and could spell trouble for dividends and returns.