Thomas Wyatt Nigeria Plc, a prominent player in Nigeria’s paper conversion and printing industry, has recently exhibited notable financial performance and market activity.
Stock Performance
As of February 7, 2025, the company’s stock is trading at ₦1.85, reflecting a 9.31% decrease since the beginning of the year. Over the past 52 weeks, the stock has fluctuated between a low of ₦1.43 on August 29, 2024, and a high of ₦2.80 on January 9, 2024.
Market Capitalization and Valuation
Thomas Wyatt Nigeria Plc has a market capitalization of approximately ₦732.6 million. The company’s price-to-earnings (P/E) ratio stands at 208.00, with earnings per share (EPS) reported at ₦0.01.
Financial Reporting
The latest available financial statements indicate that the company reported earnings for the full year ending March 31, 2024. However, detailed financial data for the subsequent quarters is currently limited.
Industry Position
Operating within the commercial printing services sector, Thomas Wyatt Nigeria Plc specializes in manufacturing and marketing paper products, including school exercise books, envelopes, and office files. The company serves various industries such as education, healthcare, corporate organizations, and government agencies.
Conclusion
While Thomas Wyatt Nigeria Plc has demonstrated resilience in its stock performance, the limited availability of recent financial data poses challenges for a comprehensive assessment. Investors are advised to monitor the company’s official communications and financial disclosures for more detailed insights into its operational and financial health.
Although Thomaswy is currently in an impulsive move, we think that this may be completing wave C of a correction. The asset has printed waves 1 and 2 as can be seen in the Elliot Wave chart above and is underway to for a wave 3. We think that Wave C target will break the current market resistance at 3.32 but not for long before a reversal.
