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Nation Media Group Plc (NSE: NMG)

Nigel Firth
Nigel Frith trader
Updated 5 May 2022

What is Nation Media Group Plc

Nation Media Group Plc is an independent Kenyan media house involved in the printing, publication and distribution of newspapers and magazines, as well as radio and television broadcasting in the East African countries of Kenya, Uganda, Rwanda and Tanzania through subsidiaries and associate companies.

The history of Nation Media Group Plc goes back to 1959 when the Nation Media Group was founded by Aga Khan. The company’s popular papers Daily Nation and Sunday Nation were first published in 1960.

Today, Nation Media Group Plc is the largest independent media house in Central and East Africa, with its printed portfolio producing brands such as Business Daily, The Daily Nation, Easy FM, K FM, The Daily Monitor, NTV, NTV Uganda, Q FM, Taifa Leo, and the East African.

Nation Media Group Plc operates through subsidiaries including Nation Marketing & Publishing Limited, Monitor Publications Limited, Mwananchi Communications Limited, Nation Holdings Tanzania Limited, Africa Broadcasting Uganda Limited, Nation Holdings Rwanda Limited, and other.

Nation Media Group Plc has a diversified portfolio in several sectors of the value chain and aims to create and promote content that informs, educates and entertains its target markets across these different media platforms. Apart from publishing and distributing a selection of printed newspapers and magazines, Nation Media Group Plc also owns and runs radio and television broadcasting channels, as well as produces digital media that is accessible to private and public sectors in Kenya, Uganda, Rwanda and Tanzania.

Today, Nation Media Group Plc has more than 1 500 employees and has its head office in Nairobi, Kenya.

Nation Media Group Plc’s brands offered to readers in Kenya are Daily Nation, Business Daily, The East African, Taifa Leo, NTV, QFM, Nation Hela and Nation FM, and its brands for Uganda are Daily Monitor, NTV Uganda and KFM. Its brands for Tanzania are Mwananchi and The Citizen, and it also operates various websites.

Nation Media Group Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol NMG.

Stephen Gitagama is the current CEO of Nation Media Group Plc and the company operates as part of the Media Industry and Consumer Services Sector.

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Nation Media Group Plc

Nation Media Group Plc Stock Performance

The current price for Nation Media Group Plc stocks is 25.60 KES. The company has a total market capitalization of 4.73 billion KES, with a P/E ratio of 125.50 and earnings per share of 0.20 KES. A total of 189 million shares are outstanding. NMG ended its trading day on Monday 13 September 2021 at 25.60 KES per share, growing 0.2% from its previous closing price of 25.55 KES.

An analysis of financial data of Nation Media Group Plc showed that profits were up, and that Nation Media Group Plc experienced a 52 week high stock price of 26.10 KES, a 52 week low of 12.65 KES, implicating a 52 week growth of 64.59%.

With an increase of earnings per share and steady profits, investors who want to buy or sell Nation Media Group Plc stocks can look forward to profitable dividends and earnings in years to come.

According to an analysis on the live chart of Nation Media Group Plc, analysts forecast further improvement in performance for the consumer services sector with market share to grow as trading volumes may increase.

Highlights of Nation Media Group Plc in 2021

Nation Media Group Plc started the year with a share price of 15.45 KES and has gained 65.7 % in value on its price valuation, ranking first on NSE with its year-to-date performance.

Nation Media Group Plc is currently the 10th most-traded stock on NSE and has experienced a trading volume of more than 18.7 million shares, which were finalized in 1 230 deals, valued at a total of 464 million KES over a three month period between June and September 2021, with an average of 296,232 shares in each trading session. A volume high of 4.54 million was achieved on 28 June, and a low of 1,300 on 19 August.

How to buy Nation Media Group Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade Nation Media Group Plc stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • 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
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, “NMG”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.