One of the ways to tap into investing opportunities of companies listed on the Nigerian Exchange Limited (NGX) is to closely monitor activities or talk to registered and regulated stockbrokers or an investment advisor.
There are different securities ready to invest in the NGX apart from the time to time Public Offer that may be announced by a listed company.
One of the most recent listed companies is Ronchess Global Resources Plc, a construction firm and leading provider of traffic solutions in Nigeria.
- Price: NGN81/share
- Units of shares: 91,000,000
- Issuing House: Mainstreet Capital Limited
- Stockbroker: FSDH Capital Limited
- Regulator: Securities and Exchange Commission
Ronchess Global Resources Shares was listed on NGX on December 17, 2021. For those who haven’t been following events in the construction sector, the name of the company may sound strange, as such it’s important to be sure that you’re not buying shares of a crooked company.
Company Profile:
- Trading ticker: RONCHESS
- Market Classification: Growth Board
- Sector: Construction/Real Estate
- Sub Sector: Building Construction
- Nature of Business: Construction/Real Estate
- Market Cap: 7,371,000,000.00
- Corporate office: 90 Allen Avenue, Wuraola House 1st Floor, Ikeja Lagos
So…
Is it safe to buy Ronchess Global Resources shares?
Ronchess Global Resources Plc is one of the biggest players in traffic solutions, procurement services and construction with a large client base cutting across corporates and MDAs in Nigeria.
The listing has also received the approval of the Securities and Exchange Commission (SEC) after meeting all the regulatory guidelines.
Some of its clients are: Lekki Concession Company, Kaduna state government, Julius Berger Nigeria Plc, Lagos State Government, PW Nigeria Limited, The Federal Ministry of Works, River State Government, Reynolds Construction Company Limited, Delta State Government, HI-TECH Construction Company, Edo State Government, University of Agriculture, Abeokuta, Enugu State Government, Parkview Estate, Ogun State, Flourmill Nigeria Plc, Niger State Government, Government, SETRACO Nigeria Limited, Akwa Ibom State Government, Cross River State Government, and Hartland Nigeria Limited among others.
So, Ronchess Global Resources shares are safe to buy
Since the establishment of Ronchess Global Resources Plc 2008 by Jackson Ukuevo, the company has grown global providing services in Nigeria.
Announcing the listing, the Nigerian Exchange Limited (NGX) Chief Executive Officer, NGX, Temi Popoola stated that the NGX will continue to play its role as a capital aggregator connecting investors with opportunities across sectors including in infrastructure through companies such as Ronchess.
Ronchess Global Resources Plc is headquartered in Victoria Island, Lagos, Nigeria. It is a subsidiary of Ronchess Global Resources Limited.
Ronchess international focuses on three main areas:
- Real Estate Development & Investments
- Private Equity Interest
- Venture Capital Funding
Its services include traffic solutions, airport solutions, and construction
How To Buy The Shares:
These shares can be accessed through stockbrokers: Mainstreet Capital Limited and FSDH Capital Limited. You can also talk to your stockbroker.
Mainstreet Capital Limited is located at Plot 954A, Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos
Info (at) mainstreetcapltd dot com
FSDH Capital Limited
UAC House (4th Floor),
1/5 Odunlami Street, Lagos Island.
Fsdhcapital (at) fsdhgroup dot com
If you don’t already have a CSCS account, your stockbroker will generate one for you.
If you’re not a first-timer in stock investing, you must have got a CSCS number and Clearing House Number (CHN) to proceed to buy fresh shares.