National Investments Company Limited Tanzania

National Investments Company Limited (NICOL) Tanzania
Formerly
 National Investments Company (NICO)
Public
Traded as DSE: NICOL
Industry Investment fund
Founded 25 June 2003
Headquarters Dar es Salaam, Tanzania
Website Company website

National Investments Company Limited (NICOL) Tanzania is a Tanzanian investments company headquartered in Dar es Salaam. It was incorporated in June 2003 as National Investments Company (NICO). In 2007 the company re-named itself as the National Investments Company Limited (NICOL). The company was one of the first few companies to be listed on the Dar es Salaam Stock Exchange in 2004. The majority of the company's investment portfolio is in securities, however, it also owns two active subsidiaries.[1]

History

Public Listing

The company listed on the Dar es Salaam Stock Exchange all of its 1.6 billion shares at TZS 400/- per share, on 15 July 2008.[2][3] In 2011 the Capital markets authority forced them to de-list as they had not provided financials for 2009, 2010 and engaged in a sale of assets that was not in accordance to the law.[4] At the time of de-listing the company shares were trading for TZS 270/-.

However, in 2017 the company re-surfaced and declared its first divided of 25/- per share after 10 years of operations. After the dividend declaration, the company announced its plan for re-listing on 6 June 2018 at 300/- per share.[5]

Corporate Affairs

The key trends for NICOL over recent years are shown below (as at year ending 31 December):

2010 2011 2012 2013 2014 2015 2016
Profit before Taxation (TZS bn) -2.5 -1.4 -0.3 0.9 0.9 0.2 9.2
Net Asset Value (TZS bn) 25.7 32.3 42.2 95.5 125 95.3 109
Earning Per Share -60 -30 -4 30 33 11 232
Notes/sources [3] [3] [3] [3] [3] [3] [3]

Subsidiaries

  • Tanzania Meat Company Limited - The company was founded on 28 July 2008 through a partnership between NICOL and the government's National Raching Company (NARCO) , with NICOL owning 51% of the shares. The company operates an abattoir in Dodoma.[6]

References

  1. ↑ "NICOL | National Investment Company Limited". www.nicoltz.com. Retrieved 2018-06-01.
  2. ↑ News, Abduel Elinaza | Tanzania Daily. "Tanzania: NICOL Applies for DSE Relisting". AFRICAN MARKETS. Retrieved 2018-06-01.
  3. 1 2 3 4 5 6 7 8 "Nicol Annual Report" (PDF).
  4. ↑ "Tanzania's delisted Nicol announces financial statement with". The Citizen. 2017-10-03. Retrieved 2018-06-01.
  5. ↑ "Nicol declares dividend payment for first time". The Citizen. 2017-12-03. Retrieved 2018-06-01.
  6. ↑ "Welcome - Tanzania Meat Company Limited (TMC)". Tanzania Meat Company Limited (TMC). Retrieved 2018-06-04.
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