How to Buy Honeywell Flour Mill Shares in Nigeria
How to Buy Honey Flour Mill Shares in Nigeria revealed. We tested and verified the best way to buy Honey Flour Mill Stock in Nigeria.
This is a complete guide on how to buy Honey Flour Mill Stock in Nigeria.
In this in-depth guide you’ll learn:
- What is the Honey Flour Mill Share?
- What is the benefit to buy Honey Flour Mill Stock for Nigerian Traders?
- Find out if Honey Flour Mill stock is a good investment for Nigerians?
- How to Purchase Honey Flour Mill Stock in Nigeria?
- How to buy Honey Flour Mill Shares for beginner traders step by step?
- Which broker can you use to buy Honey Flour Mill Stock?
- Which broker offers a signup bonus for first-time traders?
- Which brokers offer a $1 (415 NGN) minimum deposit for investing in Honey Flour Mill Stock?
- How many Honey Flour Mill stock should you buy?
And lots more…
So if you’re ready to go “all in” with the Honey Flour Mill Shares for Nigerians…
Let’s dive right in…
👉 Definition: a share is a percentage of ownership in a company, such as Honeywell Flour Mill, or a financial asset. Investors who hold shares of any company are known as shareholders.
How to Buy Honeywell Flour Mill Shares in Nigeria (Updated 2022)
Step by Step how to buy Honeywell Flour Mill Shares in Nigeria
Step 1: Select a reputable brokerage.
👉 An online brokerage account allows you to buy and sell stocks. Furthermore, online brokerage accounts provide a wide range of research, instructional tools, and account types to help you achieve your investment objectives.
👉 Long-term investors, such as those saving for their children’s education or their own retirement, may want to consider putting their HONYFLOUR investments in tax-advantaged vehicles like IRAs (IRAs).
👉 If you’re saving for a down payment on a house or building wealth, a taxable brokerage account is a better option. It’s a good idea to do some comparison shopping to find the best broker in Nigeria for your needs.
Step 2: Determine how much money you want to put into Honeywell Flour Mill stocks.
👉 How much money do you have left over at the end of the month after paying all of your monthly bills? That is the amount you must save and invest.
👉 If you don’t already have an emergency fund and retirement savings, you should start now. However, you are free to invest the remainder as you see fit.
👉 You might not want to buy an entire share of HONYFLOUR stock at first. In this case, you might want to purchase a fraction of that share, also known as a fractional share. Some brokerages sell these traditional share sections.
👉 When you are ready, you can invest a large sum of money all at once or in small amounts over a long period of time using dollar-cost averaging.
👉 Regardless of the stock’s price, fixed dollar amounts of stock are purchased on a regular basis, usually monthly. It reduces your risk and lowers your cost per share in the long run.
👉 Consider how HONYFLOUR stock might fit into your overall portfolio if you have other investments. Investors who own Honeywell Flour Mill should be aware of their other investments in large-cap technology firms.
Step 3: Create an investment strategy.
👉 Before making any stock purchases, carefully consider your investment objectives. Investing in large quantities of single shares of any corporation is always risky.
👉 Honeywell Flour Mill stock has a history of price volatility and can be greatly influenced by outside factors. While past performance is no guarantee of future results, you may face similar volatility in the future. Price fluctuations should be considered when investing in Honeywell Flour Mill stock.
Step 4: Conduct thorough research on the HONYFLOUR stock.
👉 Purchasing stock in a single company, even if it is a household name like Honeywell Flour Mill, is an exciting prospect, but investors in Nigeria should proceed with caution and thorough research.
👉 Examine the annual and quarterly reports that publicly traded companies, such as Honeywell Flour Mill, are required to file on a regular basis as a starting point for your evaluation.
👉 These reports are known as earnings reports or quarterly earnings in the financial press, and they contain a wealth of information on a company’s performance and finances.
👉 Once you have all of this information, you can use it to determine whether Honeywell Flour Mill is a good investment.
Step 5: Choose the order type that you want to place.
👉 You can use your brokerage platform to request to buy HONYFLOUR stock at the best current price, or you can use more complicated order types, such as limit or stop orders, to only acquire shares after the stock price falls below a specified threshold.
👉 If you place an order outside of the hours permitted by your brokerage, the purchase will be completed once trading resumes.
Step 6: Keep an eye on the performance of your HONYFLOUR stock purchase.
👉 It’s a good idea to monitor your investments and see how they’re performing. When evaluating the performance of Honeywell Flour Mill or any other company, the annualised percent return is a good place to start.
👉 You can compare your investment to other investments using certain benchmarks to see how well it performed. Consider re-examining the initial data to see how the stock performance has changed over time.
Honeywell Flour Mill Stock Overview for Nigerians
👉 Honeywell Flour Mill Plc is a flour milling company in Nigeria that manufactures and markets wheat-based products under the Honeywell brand name. The company was formerly known as Gateway Honeywell Flour Mills Limited but changed its name to Honeywell Flour Mills Plc in 1995.
👉 Honeywell Flour Mill Plc is a subsidiary of Siloam Global Services Limited.
👉 The history of Honeywell Flour Mill Plc can be traced back to 1983 when it was founded, and it was listed on 10 October 2009.
👉 Today, Honeywell Flour Mill Plc has a diversified portfolio in more sectors of the consumer goods value chain with operating segments that include Apapa and Ikeja. The Apapa factory is responsible for the manufacturing of flour, semolina, wheat meal and brown flour, while the Ikeja factory is mainly involved with the manufacturing of noodles and pasta.
👉 Honeywell Flour Mill Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol HONYFLOUR.
👉 Honeywell Flour Mill Plc has more than 10 000 employees and currently serves clients in Nigeria and surrounding areas.
👉 Honeywell Flour Mill Plc has its headquarters at NPA Premises, 2nd Gate Bye-Pass, Tin Can Island, Port Apapa, Lagos, Nigeria.
👉 The current Managing Director/Chief Executive Officer and Executive Director of Honeywell Flour Mill Plc is Olanrewaju Bamidele Jaiyeola and Oba Ayoola Otudeko is the Non-Executive Chairman and also founder of the company.
👉 Honeywell Flour Mill Plc forms part of the Consumer Goods Sector and Sub Sector: Food Products and is listed under the following indices of the Nigerian Stock Exchange: All Share, Consumer Goods, Pension.
👉 Stock trading is the process of buying and selling shares on a stock exchange in the hope that the shares will rise in value. A share investment is when you buy and hold shares for a long period of time.
👉 The most common type of stock trading involves traders who buy shares when they are cheap and sell them when they rise in value, frequently on the same day. These traders are known as day traders, and they rely on small changes in the price of a stock to make small profits that accumulate across multiple instruments.
👉 Stock exchanges are the secondary market where all publicly traded company shares are listed. Exchanges function by connecting potential buyers with sellers on the exchange.
👉 As a result, if you wish to purchase any shares in a firm, you will be purchasing them from other shareholders in the market who are eager to sell their shares on the stock exchange. If you want to grow your money and keep up with inflation in Nigeria, you must engage in some form of investment. Inflation is a process by which the purchasing power of money diminishes over time. In the event that you do not make intelligent investment decisions, the value of your monthly income savings will diminish day by day.
👉 As a result of technology improvements, investing in stocks in Nigeria has never been more straightforward. If you’re considering making an investment in the Nigerian stock market, you should be aware that it has the potential to generate substantial returns over the medium to long term.
👉 For those looking to purchase or sell shares, the stock market serves as a meeting place where they may meet up, interact, and execute transactions. Price discovery for company shares is made possible through stock markets, which also act as an economic barometer.
👉 Stock market participants compete with one another to find the best price, ensuring that the market is always open to new investors and offers a high level of liquidity.
👉 This means that market participants can trade stocks and other qualifying financial products on stock exchanges with complete confidence and little to no operational risk. According to the regulator, stock exchanges operate as both primary and secondary markets.
👉 IPOs (initial public offerings) enable companies to sell equity to the general public for the first time on the stock exchange.
👉 This activity assists businesses in obtaining financing from a variety of sources. A division of a corporation (say, into 20 million shares) and the sale of a portion of those shares (say, 5 million shares) to the public at a price (say, $10 per share) are two examples of this.
👉 A firm must have a market to sell these shares in order to make this process more efficient. This type of exchange is facilitated by the stock market.
👉 Investors will be given stock in the company, which they can keep for a set period of time in anticipation of a rise in the share price and dividend payments. Companies and their financial partners pay the stock exchange for the services it provides in this capital-raising process.
👉 Honeywell Flour Mill’s stock is one of the most well-known on the market today. Continue reading to find out how to buy Honeywell Flour Mill stock in Nigeria.
Pros and Cons of Buying Honeywell Flour Mill Shares
👉 The year 2020 was a difficult one for the majority of businesses around the world. But even in the midst of a global pandemic, certain individuals were able to produce outstanding results.
👉 Honeywell Flour Mills Plc, a renowned food manufacturer in Nigeria, is an example of such an organization. Despite the COVID-19 pandemic, the corporation made revenue of 109.5 billion for the fiscal year 2021, which was the largest amount ever recorded by the company.
👉 Honeywell has joined a select group of fast-moving consumer goods (FMCG) firms in Nigeria that have achieved the N100 billion milestone as a result of this illustrious achievement.
👉 Honeywell Flour Mills invested a significant amount of time and effort into learning the subtleties of the local food manufacturing industry in order to achieve the remarkable outcomes it achieved. The organization was able to build the essential solutions after working out how to maneuver through industry issues ranging from logistical hurdles to high production prices, among other things.
👉 The company’s expertise in the market had a role in its enhanced profit after tax number, which climbed by 73 percent in the fiscal year 2021.
Pros of buying Honeywell Flour Mill shares in 2022
👉 The Honeywell Flour Mills Company recognized the demands of their consumers during the pandemic, which caused many people to rely on staple foods with longer shelf lives, such as noodles and pasta. Honeywell Flour Mills responded by focusing on increasing production capacity at its factories.
👉 This move was rewarded with the establishment of a world-class pasta plant in Sagamu, Ogun State, which resulted in an increase in pasta sales of 42 percent. The products produced at this factory alone contributed more than ₦19 billion to the overall income of the corporation. The factories in Apapa and Ikeja produced more than ₦90 billion in revenue.
👉 Despite the pandemic, Honeywell’s factories had a higher number of employees in the fiscal year that ended March 31, 2021, than they had in the previous fiscal year. More things are produced as a result of more capable hands. Having more things means having more sales.
👉 The previous two years saw the company make some significant technological investments, including modernizing its Enterprise Resource Planning System (ERP) and computerizing all of its internal business processes, systems, and procedures in their entirety.
👉 These modifications aided in the company’s growth, efficiency, and cost-saving efforts, all of which had a favorable impact on the company’s financial outcomes.
👉 Honeywell placed a high value on retail distribution and product penetration, making it simple for consumers to obtain their products throughout Nigeria. This had a positive impact on the availability of Honeywell products throughout Nigeria. Improving product availability to consumers, which is a critical success factor in the business-to-consumer trade, assisted the company in reaching its ₦100 billion dollar revenue milestone, the most in its 23-year history and the largest ever.
Cons of buying Honeywell Flour Mill shares in 2022
➡️ Interest payments are not well covered by earnings
➡️ Does not have a meaningful market cap (NGN29B).
Should You Invest in Honeywell Flour Mill Shares in 2022?
👉 Honeywell Group Limited (HGL) recently signed a merger agreement with FMN in order to consolidate Honeywell Flour Mills Plc, one of its portfolio companies, with FMN. A regulatory approval is required before the transaction can be completed, which was likely to occur by the end of 2021. Honeywell Group Limited would transfer its 71.69 percent ownership in Honeywell Flour Mills Plc to Flour Mills of Nigeria under the terms of the agreement.
👉 Many people were aware of Honeywell Group as a result of this deal since they were familiar with Honeywell Flour Mills, as opposed to the investment business and the parent company of the foods manufacturing company, among many other enterprises.
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👉 It used to be difficult for a Nigerian or non-US citizen to acquire and invest in US securities. However, thanks to technological advancement, Nigerians can now invest in the US stock market using their smartphone, tablet, iPad, or computer.
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Frequently Asked Questions
Can I buy stock directly from Honeywell Flour Mill?
No, Honeywell Flour Mill stock should be bought through a stockbroker in Nigeria, whether it is offshore or based locally, as HONYFLOUR stock can be purchased online through your selected broker.
Is Honeywell Flour Mill stock a good buy in 2022?
Most analysts consider Honeywell Flour Mill stock to be a good growth investment in 2022 for investors in Nigeria and elsewhere.
What is the best way to buy Honeywell Flour Mill stock?
To buy Honeywell Flour Mill stock, investors in Nigeria should take the following steps:
- Choose a reputable stockbroker
- Decide on your investment amount
- Set up an investment plan
- Do enough research on you HONYFLOUR stock
- Determine the order type
- Continue to monitor the performance of your HONYFLOUR stock