BUA Cement Stock Performance

BUA Cement Stock Performance from 2020 Till Date

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On January 9, 2020, BUA Cement Plc was listed on the Nigerian Exchange Group (NGX) with the trading ticker BUACEMENT and N1.18trillon market capitalisation. The company’s entry into cement manufacturing started as a cement-importing firm.

BUACement Share Price May 10, 2022:

Opening price: NGN74.25

Close: NGN74.25

Market Capitalisation: NGN2,514,428,288,955.00 (as of Tuesday, May 10, 2022)

Months after its listing, it has grown to be the second-largest producer of cement in Nigeria while its stock’s performance continues to impress and encourage more investors to come on board. Interestingly, another firm under the umbrella of BUA Group, BUA Foods Plc was listed on NGX in January 2022.

So, when did BUA cement start operation? What’s the level of its performance at the Nigeria Stock Exchange using indicators like change in market capitalisation, volume and trade and payout dividend?

Before that, let’s take a look at the company’s profile

Company Profile of BUA Cement:

  • Company Name: BUA Cement Plc
  • Date Listed: January 09, 2020
  • Date of Incorporation: May 30, 2014
  • Trading Ticker: BUACEMENT
  • Market Classification: Main Board
  • Sector: Industrial Goods
  • Sub Sector: Building Materials
  • Nature of Business: Cement Manufacturing & Marketing
  • Email: info@buacement.com
  • Company Secretary: Ahmed Aliyu
  • Registrars: Africa Prudential
  • Auditor: PricewaterhouseCoopers
  • Financial year-end: December 31 of every year
  • Company Registered Address: 5th Floor, BUA Towers, PC 32, Churchgate Street, Victoria Island, Lagos, Nigeria

History:

The journey of the company which has grown to be the major competitor of Dangote cement in production and sales in the market started in 2008 (the same year it was incorporated) when BUA Group was among the few billionaire-owned firms that Nigeria’s government granted permits to import cement into the country.

It started off as a clicker production and re-bagging cement, and by 2009, BUA Group under the leadership of its Chairman and billionaire Alhaji Abdul Samad Rabiu bought the highest stake in the Edo Cement plant. The group moved ahead to commission Obu Cement Plant which is a few kilometer from Okpella

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Edo cement plant located in Okpella, Edo State, was at the time nearing collapse. BUA Group came, pump in billions of Naira to bring it back to active production. By 2019, another production line was added. In Edo plants (Km 164 Benin-Okene Expressway Okpella Edo State), the company has 6 million tonnes production capacity.

In the same year BUA Group acquired Edo cement plant (2009), the company extended its investment tentacle to the Northern part of Nigeria when it acquired the Cement Company of Northern Nigeria in Sokoto state (Km 10 Kalambaina Road Sokoto State), a company that was founded by Northern Nigeria Development Company in 1962.

And by 2018, it brings on board the Kalambaina plant to supply power for the cement plant and coal mining to fuel the production line.

BUA Cement Board of Directors:

Board members Position
Abdul Samad Rabiu CHAIRMAN and Founder
Yusuf Haliru Binji Managing Director/CEO
Ahmed Aliyu Company Secretary
Kabiru Isyaku Rabiu Non-Executive Director
Kenneth Chimaobi Madukwe Non-Executive Director
Jacques Piekarski Executive Director/Chief Financial Officer
Khairat Abdulrazaq- Gwadabe Independent Director
Finn Arnoldsen Non-Executive Director
Shehu Abubakar Independent Director

Entering into Nigerian Stock Exchange

Before the nearing collapse of the Edo plant, it was trading under Bendel cement, the name was removed on NGX and by 2020, BUA Group consolidated its cement operations and listed BUA Cement Plc on the Nigeria Exchange Limited (NGX) with the trading ticker BUACEMENT

On January 9, 2020, when it was listed, it had a market capitalization of N1.18trillon and a combined installed capacity of 8million mtpa, making it the second-largest cement producer in the Nigerian market and one of the largest in Africa.

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BUACement Dividend Payout since 2020

On June 14, 2021, the company held its Annual General Meeting for the period ended December 31, 2020, and resolved to pay dividends of N70billion at N2.067k per ordinary share.

For the 2020 financial year, the company recorded N209 billion in revenue. It was an increase of 19 per cent in revenue when compared with the 2019 financial year when it recorded N175.518 billion in revenue.

It’s important to track the revenue of a company, market capitalisation, and payout of dividends to make a buying decision if it’s an existing company on the stock exchange.

Year Dividend Payout per share
2019 NGN1.75
2020 NGN2.067
2021
Qualification Condition:
  • Shareholders’ names must appear in the Register of Members
  • Qualifying shareholders must complete an e-dividend registration form
  • Must mandate BUA cement Registrar, Africa Prudential, to pay their dividends directly into their bank accounts.

How to apply for BUACEMENT Dividend eShare

If you’re on the list of  unclaimed dividends of BUA Cement, there are two ways to get this done: 1) Via the investors’ section, 2) Via the portal of registrars of BUA Cement

Here is how to begin the process of claiming it:

  1. Visit the investor relations section at buacement.com/shareholderservices/
  2. Scroll down and click BUACEMENT eShare Registration Form to download
  3. Fill the form, scan, and send it via email to cxc (at) africaprudential.com
  4. Alternatively, you can fill the e-dividend mandate form online right on the registrars portal at: africaprudential.com/claim-your-dividend-here/
  5. Agree to the declaration
  6. And hit submit

Note: The service cost NGN150, according to the registrars

BUACement Share Price History for 2022:

Date Opening Price High (NGN) Close (NGN) Trades Volume Value (NGN)
01/04/22 67.05 71.95 1,780,386.00
01/05/22 71.95 70.00 2,153,521.00
01/06/22 70.00 69.00 1,180,801.00
01/07/22 69.00 67.70 1,457,600.00
01/10/22 69 68.50 68.50 68 1,192,404 79,604,832.20
01/11/22 68.5 68.50 69 1,341,725 88,567,719.25
01/12/22 68.50 68.50 73 731,521 48,877,352.50
01/13/22 68.5 68.50 28 258,878 17,076,951.45
01/14/22 68.5 68.5 43 565,248 37,363,221.40
01/17/22 68.5 73.50 70.00 89 2,085,388 145,327,755.90
01/18/22 70 71.40 71.40 62 332,915 23,452,066.50
01/19/22 71.4 71.4 50 248,993 17,053,870.80
01/20/22 71.40 71.40 68 1,087,083 74,049,684.85
01/21/22 71.4 71.4 19 8,616 585,320.30
01/24/22 71.4 71.4 49 149,005 9,994,788.25
01/25/22 71.4 71.4 21 28,185 1,915,716.40
01/26/22 71.4 74.00 68.00 71 1,117,785 78,006,493.35
01/27/22 68 69.95 69.95 110 1,368,698 91,881,043.65
01/28/22 69.95 69.95 27 45,540 3,075,557.15
01/31/22 69.95 70.75 70.75 71 405,741 28,174,413.80
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How To Buy:

Talk to one of the accredited stockbrokers in Nigeria and you will be guided on the process.

Is it profitable to buy BUACement Share?

By the year-to-date performance of BUACement in 2020, the company’s stock is a good buy. And going by its performance since trading opened on January 4, 2022, till date, it’s one of the best-performing stocks you can buy in Nigeria

References:
  1. Featured Image: Independent Newspaper
  2. BUA Cement. “About BUA Cement”. Buacement.com. Retrieved January 4, 2022
  3. Nigeria Exchange (March 30, 2021). “BUA Cement Plc Annual report and financial statements For the year ended 31 December 2020”. Ngxgroup.com. Retrieved January 4, 2022 (PDF)
  4. The Registrar African Prudential Plc. “E-Dividend Mandate Activation Form”. Africaprudential.com. Retrieved January 5, 2022
  5. Egene, Goddy (June 14, 2021). “BUA Cement Revises Dividend Payment Date to July 8”. Thisdaylive.com. Retrieved January 4, 2022

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