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Austin Laz & Company PLC (NGX: AUSTINLAZ) | Share Price

Updated 26 Sep 2022
Austin Laz & Company PLC

What is Austin Laz & Company PLC?

Austin Laz & Company PLC is a manufacturer and seller of building materials and a portfolio of thermoplastics, tracing its history to 1982 when it was incorporated in Nigeria, initially as a limited liability company that started as a pioneer manufacturer in the region.

Austin Laz & Company PLC expanded and grew over the years since its inception because of several growth opportunities experienced in Nigeria, expanding its portfolio into divisions such as corrugation of long-span aluminium roofing sheets in 2005, followed by thermoplastic cooler manufacturing.

After this, Austin Laz & Company PLC also expanded to start manufacturing metro-step tile roofing sheets, windows, doors, disposable plates, and several other products.

Not long after introducing these products to its portfolio, Austin Laz & Company PLC also started manufacturing ice cream machines. Today, Austin Laz & Company PLC has four different subsidiaries including:

  • Austin Laz Engineering (Refrigeration)
  • Austin Laz Building Materials (BMT)
  • Austin Laz Thermoplastic Coolers and Warmers
  • Austin Laz Aluminium Roofing sheets

Austin Laz & Company PLC transitioned into a publicly quoted company in 2011 and during 2012, it listed its shares on the Nigerian Stock Exchange (NGX). In 2017, Austin Laz & Company PLC already had 1,079,860 units of shares which were held by 370 shareholders.

The full comprehensive list of products that Austin Laz & Company PLC manufactures include:

  • Royal Metrotile Roof
  • Glazed Roofing Tiles
  • First Lady Coolers/Warmers
  • Ice Cream Machines
  • PVC Windows, and more.

Austin Laz & Company PLC’s board of directors consists of seven members. These individuals also form part of the senior management teams, spread across the different divisions of Austin Laz & Company PLC, performing managerial functions overall. There are three primary shareholders in Austin Laz & Company PLC namely Unibake Limited, Resort Securities Limited, and Arin Labs International Limited.

Today, Austin Laz & Company PLC has more than 100 employees in addition to 50 support employees, with distributors that are spread across 8 different areas.

Austin Laz & Company PLC’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol AUSTINLAZ. Today, Austin Laz & Company PLC is headquartered in Benin, Nigeria and it operates in the Chemicals Industry and the Industrial Goods sector.

Austin Laz & Company PLC’s Non-Executive Chairman is Patrick Utomi, with Austin Lazarus Asimonye filling the position as the Executive Vice Chairman, Managing Director, and Chief Executive Officer (CEO).

Other executive leadership members include U. Osamede as the Chief Finance Officer (CFO), Ifeanyi John Ofor as the Company Secretary and Non-Executive Director, and Obiageli C. Asimonye as another Non-Executive Director.

Austin Laz & Company PLC Performance

The current share price for Austin Laz & Company PLC stocks is 2.03 NGN [2021/09/20] and the company has a total market capitalization of 2.19 billion NGN, with a P/E ratio of 0.00 and earnings per share of (0.13) NGN, and a total of 1.08 billion shares outstanding.

An analysis of the financial performance data for Austin Laz & Company PLC for the first quarter of 2021, which ended March 30, shows profits of (142.139) million NGN, with total non-current assets of 139.171 million NGN and total equity of 134.224 million NGN.

Austin Laz & Company PLC achieved trade receivables of 22.251 million NGN, with cash and cash equivalent to the value of 10.57 million NGN. Austin Laz & Company PLC’s current return on investment for the trailing twelve months (TTM) is -9.76, with a return on equity (TTM) of -9.72.

Without updated financial performance or reports on profits, investors who want to buy or sell AUSTINLAZ stocks will not know what dividends they can expect in future quarters.

According to an analysis on the live chart on the price performance AUSTINLAZ, there is insufficient data for analysts to forecast future performance for  Austin Laz & Company PLC.

Highlights of Austin Laz & Company PLC in 2021

Austin Laz & Company PLC reported that profits for the first quarter of 2021, which ended in March, was (142.139) million NGN, with the company having accumulated total non-current assets of 139.171 million NGN and total equity of 134.224 million NGN.

Apart from the financial results for the first quarter of 2021, there are no updated highlights on  Austin Laz & Company PLC.

How to buy Austin Laz & Company 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 AUSTINLAZ stocks, traders and investors can follow these simple steps:

  • Find the share that you want to purchase, in this case, “AUSTINLAZ”.
  • Select a forex broker that offers access to the Nigerian Stock Exchange(NGX).
  • 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
  • Make your first share purchase through the broker.
  • Build and diversify your portfolio when you buy more shares.

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