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Okomu Palm Oil

Buy Okomu Palm Oil stocks

Okomu Palm Oil (NGX: OKOMUOIL) Stocks

What is Okomu Palm Oil Plc

Okomu Palm Oil Plc is a Nigeria-based company involved in the cultivation of oil palm, processing of fresh fruit bunches into crude palm oil for resale, rubber plantation and processing of rubber lumps to rubber cake for export.

Okomu Palm Oil Plc manufactures and operates two 30-tonne/per hour oil mills and an additional two 30-tonne/per hour mills became operational by recently.

Okomu Palm Oil Plc has a technical partner, SOCFINAF (Luxemburg), with a 53.32% stake in the business. SOCFINAF was the first industrial company to plant oil palm trees in Africa and Indonesia.

The history of Okomu Palm Oil Plc can be traced back to 1976 when the company was established as a Federal Government pilot project set up to rehabilitate oil palm production in Nigeria and it was listed on the Nigerian Stock Exchange (NGX) on 3 March 1991. The pilot project incorporated 15 589 hectares of which 12 500 hectares was planted with oil palms. Okomu Palm Oil Plc was privatised in 1990 and has grown to become Nigeria’s leading oil palm company with about 18 000 hectares of land planted with palm oil trees and 9 500 hectares of rubber trees.

Today, Okomu Palm Oil Plc has a diversified portfolio in more sectors of the Consumer Goods value chain and produces the following products: Banga cooking oil and natural rubber products. The Company’s plantation carries on the business of oil palm and rubber cultivation.

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 has ongoing plantation operations in Cote D’ivoire, Liberia, Guinea, Cameroon, Kenya and Indonesia.

Okomu Palm Oil Plc has its headquarters at Okomu-Udo, Ovia South West LGA, Okomu Oil Palm Estate, Benin City, Edo State, Nigeria

The current Managing Director of Okomu Palm Oil Plc is Graham D. Hefer.

Okomu Palm Oil Plc forms part of the Agricultural Industry and the Consumer Goods Sector.

 

Okomu Palm Oil Plc Stock Performance

The current price for Okomu Palm Oil Plc stocks is 142.00 Nigerian Naira (NGN). 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. A total of 954 Million shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Okomu Palm Oil Plc stocks can be assured of lucrative 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 2022

Okomu Palm Oil Plc started the year with a share price of 91.00 NGN, and it has gained 56 % in value on its price valuation, ranking 18th on the NGX where year-to-date performance is concerned.

Okomu Palm Oil Plc is currently the 80th most-traded stock on the NGX and it has experienced a total trading volume of more than 13.1 million shares, which were finalized in 1,985 deals and were valued at a total of 1.51 billion NGN over three months, with an average of 207,697 shares in each trading session.

The highest volume shares traded on one single day was 1.09 million, achieved on 24 September.

 

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’ participation daily. To buy, sell or trade Okomu Palm Oil Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “OKOMUOIL”.
  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. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalisation.

 

On which stock exchange does Okomu Palm Oil Plc have shares for sale?

Okomu Palm Oil Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol OKOMUOIL.

 

What type of company is Okomu Palm Oil Plc?

Okomu Palm Oil Plc is a Nigeria-based company involved in the cultivation of oil palm, processing of fresh fruit bunches into crude palm oil for resale, rubber plantation and processing of rubber lumps to rubber cake for export.

 

In which industry and sector does Okomu Palm Oil Plc operate?

Okomu Palm Oil Plc forms part of the Agricultural Industry and the Consumer Goods Sector.

 

What is the price of Okomu Palm Oil Plc shares today?

At the time of writing, the current price of Okomu Palm Oil Plc shares was 142.00 NGN.

 

Is Okomu Palm Oil Plc a good investment?

Yes, Okomu Palm Oil Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for Okomu Palm Oil Plc?

Okomu Palm Oil Plc experienced growth of 77.50 % in the value of its stocks over the past year.

Shareholders can be positive about OKOMUOIL since the stock has accrued 13% over the past four-week period, the ninth best on NGX.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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