INITSPLC • NSE

The Initiates Plc

1.98

NGN

+0.18 +10.00%

Open Price

1.80

Previous Close

1.80

Today’s Range

1.98 - 1.80

Number of Deals

Volume Traded

7,581,336.00

Value Traded

13,714,669.00

52 Weeks High

1.98

52 Weeks Low

1.80

Market Cap

1,762,163,472.96

YTD Price Performance

0.00 %

The Initiates Plc Declares N348m PAT in Q4 2023 Results,(SP:N2.16)

Friday, March 22nd at 3:50 PM

The Initiates Plc to Hold Board Meeting on October 25, 2023

October 9th, 2023 at 2:23 PM

The Initiates Plc to Hold 44th Board Meeting on October 27, 2022; Declares Closed Period

October 27th, 2022 at 9:50 AM

Initiates Plc Notifies of Resolutions Passed at 23rd AGM

September 8th, 2022 at 4:56 PM

The Initiates Plc Declares N32.09m PAT in Q1 2022 Results, (SP: N0.48k)

August 16th, 2022 at 12:16 PM

The Initiates Plc Declares N76.56m PAT in Q2 2022 Results, (SP: N0.48k)

August 16th, 2022 at 12:16 PM

The Initiates Plc to Hold 23rd AGM on August 25, 2022

August 7th, 2022 at 1:31 AM

The Initiates Plc to Hold 43rd Board Meeting on July 29, 2022; Declares Closed Period

July 23rd, 2022 at 3:41 PM

The Initiates Plc to Hold 42nd Board Meeting on April 28, 2022

May 2nd, 2022 at 6:23 PM

The Initiates Plc Declares N77.24mln Loss in 2021 Audited Results,(SP:N0.44k)

May 2nd, 2022 at 2:24 PM

Key Stats

Shares Outstanding

889,981,552.00

Net Assets

1,178.23

Book Value Per Share

1.32

Sector P/E

5.08

EPS

0.39

P/E

5.08

ROE

0.00

Dividend Yield

3.03

About Company

"The Initiates Plc. (TIP) is a professional Waste Management company Located in Port Harcourt Nigeria, delivering Waste Management, Industrial Cleaning and Decontamination services to both Private and Public sectors. TIP is quoted on the Floor of the Nigerian Stock Exchange. "

Sector

Services

Sub Sector

Waste Management

Management

Mr Nwachukwu C. Vincent

Mr. Adams Ajigbotaje Bimbo

Mr Ogidi Chris

Mrs Ukpebor U. Stella

Ms. Douglas Rosemary

Mrs Odejobi C.Olaide

Mr Djebah Preston

Mr Ossai, Reuben M.

Address

"Plot 400, Location (New) Road Off Aba/PH Expressway (by Oyigbo Junction) Umuebule 5,"

Phone No

234 (0) 84 669510

Email Address

[email protected]

Website

https://initiatesgroup.com/

Board of Directors

MR JOE OGBONNA ANOSIKEH

JOE EBINUM

PROFESSOR EDWARD A. D. ALIKOR

OSSAI MUSTAPHA REUBEN

CHIEF CHARLES A. OBOH

Social Media Accounts

Subsidiary

Company Secretary

OLAIDE ODEJOBI

End of Accounting Year

31 Dec

Listing Date

25/10/2016

Company Registrar

APEL CAPITAL AND REGISTRARS LIMITED

Regulatory Status

Free Float

0.00

Auditor

Madu,Onyekwena&Co.

Analyst Reports

Audited Financial Statements for the Period Ended December 31st, 2023 - The Initiates Plc

Friday, March 22nd at 3:52 PM

Q2 2022 Unaudited Financial Statements for the Period ended 30th June 2022 –The Initiates Plc

The Initiates Plc releases it's Q2 Financial Statement for a period ended 30th June 2022

August 16th, 2022 at 12:45 PM

Q4 2021 Audited Financial Statements for the Period ended 31st December 2021 –The Initiates Plc

The Initiates Plc released its Q4 2021 Audited Financial Statements for the Period Ended 31st December, 2021.Revenue declined by 25.5% from N448.01mln to N333.90mln, Loss before tax stood at N62.24mln, Loss after tax stood at N77.24mln, Share Price Currently Stands at N0.44k

May 2nd, 2022 at 5:39 PM

Q4 2021 Unaudited Financial Statements for the Period ended 31st December 2021 – The Initiates Plc

April 5th, 2022 at 12:31 PM

Income

Profit & loss information

Description	Q 4, 2023 N'm	% Change
Gross Earnings	0.00	+ 0.00%
Profit Before Tax	519.77	+ 0.00%
Income Tax Expense	-171.55	+ 0.00%
Taxation	-171.55	+ 0.00%
Profit After Tax	348.23	+ 0.00%
Fixed Assets	1,531.13	+ 0.00%
Total Assets	2,559.77	+ 0.00%
Customers Deposits	0.00	+ 0.00%
Loans and Advances	0.00	+ 0.00%
Total Liabilities	1,381.54	+ 0.00%
Borrowings	269.82	+ 0.00%
Cash Flow From Operating Activities	0.00	+ 0.00%

Income

Description	Q 4, 2023 N'm	Q 2, 2022 N'm	Q 1, 2022 N'm	Q 4, 2021 N'm	Q 3, 2021 N'm
Gross Earnings	0.00	0.00	0.00	0.00	0.00
Gross Premium Written	0.00	0.00	0.00	0.00	0.00
Revenue	1,849.47	499.00	219.00	334.00	178.00
Turnover	0.00	0.00	0.00	0.00	0.00
Interest And Similar Income	0.00	0.00	0.00	0.00	0.00
Gross Premium Income	0.00	0.00	0.00	0.00	0.00
Cost Of Sales	1,171.53	290.00	-124.00	-272.00	151.00

Description	Q 4, 2023 N'm	Q 2, 2022 N'm	Q 1, 2022 N'm	Q 4, 2021 N'm	Q 3, 2021 N'm
Property Plant And Equipment	1,531.13	1,014.00	841.00	834.00	846.00
Fair Value Movements On Equity Instruments	0.00	0.00	0.00	0.00	0.00
Value Through Profit Or Loss	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Fair Value Movements On Debt Securities	0.00	0.00	0.00	0.00	0.00
Management Expenses	0.00	0.00	0.00	0.00	0.00
Other Non Current Assets	0.00	29.00	29.00	29.00	10.00

Description	Q 2, 2022 N'm	Q 4, 2021 N'm
Cash Flow From Operating Activities	245.00	0.00
Total Premium Received	0.00	0.00
Receipt From Reinsurance Recovery	0.00	0.00
Reinsurance Premium Paid	0.00	0.00
Profit For The Period	0.00	-77.00
Commission Received	0.00	0.00
Claims Recoveries	0.00	0.00

Remark	Date
Notice of the Board of Directors’ meeting to consider amongst other things the Company’s Growth Strategy, Audit Committee Report & Adoption/approval of the Unaudited Financial Statement for the period ended 31st March, 2024 (2024 UFS) and the Management’s Report.	4/24/2024
Notice of Meeting of the Board of Directors of The Initiates will be held virtually by 10am to consider among other things, the company’s growth strategy; audit committee report & adoption/approval of the Quarter 3, 2023 Unaudited Financial Statements for the Period ended 30 September, 2023 (2023 Q3 UFS); and the management’s report	10/25/2023
Board of Directors Meeting to consider Company’s Growth Strategy and Audit Committee Report & Adoption/approval of the Quarter 1, 2023 Unaudited Financial Statements for the Period ended 31 March 2023	4/27/2023
NOTICE OF THE 45TH MEETING OF THE BOARD OF DIRECTORS OF THE INITIATES PLC	3/23/2023
The Company’s Growth Strategy	7/29/2022
To consider among other things the Quarter 1, 2022 Management Account	4/28/2022
	1/1/0001

Dividend	Dividend Type	Announement Date	Payment Date	Date
0.06	Final	3/22/2024	7/26/2024	7/8/2024
0.05	Interim	4/2/2019		6/3/2019
0.04	Final	7/2/2018	8/7/2018	7/6/2018

Bonus	Bonus Type	Announement Date	Payment Date	Date

New Face Value	Old Face Value	Exsplit Date	Announement Date

Book Closure	Address	Announement Date	Date
7/8/2024		3/22/2024	7/25/2024
7/12/2023	Conference Hall, Bon Hotel at LA Kings.31 Ken Saro wiwa Street, Former Stadium road, Rumuomasi, Port Harcourt, Rivers	6/19/2023	7/13/2023
8/24/2022	Conference Hall, Bon Hotel at LA Kings,, 31 Ken Saro wiwa Street, Former Stadium road, Rumuomasi Port Harcourt, Rivers State 11am	8/3/2022	8/25/2022
7/9/2018	Beth Premier Hotel and Resort, Aba Expressway, KM 16 , KM 16, opposite Intels, Port Harcourt, Rivers thate	7/2/2018	7/27/2018

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Name of chart*

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Name of chart*

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Q 4, 2023

Price to book

1.50
Price to sales

0.95
Dividend yield

3.03
Net Debt

70.16
Price Earning Including Extra Items

5.06
Price Earning Normalized

0.00
Price To Free Cash Flow

3.78
Price To Tangible Book

0.69

Margin Ratio
Q4

Q 4, 2023

Gross Revenue Margin

36.66
Gross Profit Margin

36.66
Net Interest Margin

0.00
Net Profit Margin

18.83
Operating Cash Flow/Revenue

15.81
Operating Profit Margin (%)

0.00
Pretax Margin

28.10

Growth Ratio
Q4

Q 4, 2023

Book Value Growth Rate

39.77
Capital Expenditure Growth Rate

0.00
Deposit Growth

0.00
Dividend Growth

20.00
EBITDA

0.00
EPS Growth Rate

352.25
Fixed Asset Growth

51.00
Impairment Growth

0.00
Loan Growth

0.00
Net Assets growth

39.77
Net Profit Margin Growth Rate

-100.00
Operating Cash Flow

292.44
Revenue Growth

270.64
Shareholder Fund Growth

39.77
Total Assets Growth

24.26
Total Liabilities Growth

13.52

Per Share Ratio
Q4

Q 4, 2023

Book Value per share

1.32
Cash Per Share

0.22
Dividend Per Share

0.06
EPS Basic Excl. Extra Items

0.39
EPS Excl. Extra Items

0.39
EPS Incl. Extra Items

0.00
EPS Normalized

0.39
Revenue Per Share

2.08

Financial Strength Ratio
Q4

Q 4, 2023

Acid Test Ratio

1.11
Claims Ratio

0.00
Cost to Income Ratio

0.00
Current Ratio

1.11
Investment Ratio

0.00
Leverage Ratio

0.23
Liquidity Ratio

0.08
Long Term Debt/Equity

0.23
Net Interest Coverage

0.00
Payout Ratio

0.15
Quick Ratio

1.11
Reserve Ratio

0.00
Total Debt/Total Equity

0.23

Management Effectiveness Ratio
Q4

Q 4, 2023

Annual % Change in Highest Directors Pay

0.00
Annual % Change in PBT

359.97
Annual % Change in Share Price

0.00
Annual % Change in Staff Cost

0.00
Asset Turnover

0.72
Dividend Payout Ratio

0.15
Highest Directors’ Pay to PBT Ratio

0.00
Highest Directors’ Pay to Revenue Ratio

0.00
Highest Directors’ Pay vs PBT

0.00
Highest Directors’ Pay vs Revenue

0.00
Highest Directors’ Pay vs Staff Cost

0.00
Inventory Turnover

0.00
Net Income/Employee

116.08
Receivables Turnover

3.77
Return on Assets

0.20
Return on Average Assets

0.15
Return on Average Equity

0.00
Return on Equity

0.00
Return on Investment

0.00
Revenue/Employee

616.49
Staff Cost vs PBT

0.00
Staff Cost vs Revenue

0.00

Price performance

1 week

1 month

3 months

6 months

9 months

1 years

Volume analysis

1 week

1 month

3 months

6 months

9 months

1 years

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