Tripple Gee & Company Plc (ticker TRIPPLEG, often abbreviated as TIP) is a small-cap industrial company on the Nigerian Exchange. It specializes in security printing, financial documents, labels, and flexible packaging for banks, government agencies, and commercial clients. Investment summary RaRead more
Tripple Gee & Company Plc (ticker TRIPPLEG, often abbreviated as TIP) is a small-cap industrial company on the Nigerian Exchange. It specializes in security printing, financial documents, labels, and flexible packaging for banks, government agencies, and commercial clients.
Investment summary
Rating: Hold / Speculative Buy
This is not the kind of stock I would make a core holding. Instead, I’d view it as a higher-risk opportunity that deserves only a small allocation in a diversified portfolio.
Positives
Revenue grew by about 23% in the latest financial year, showing the business is recovering.
Gross profit improved significantly, indicating stronger operating performance than the previous year.
The company generated positive free cash flow after a weak prior year.
Concerns
These are the reasons I’d be cautious:
Very low profitability. Despite stronger sales, net profit remains tiny relative to revenue, meaning the company still has little margin for error.
High debt. Total debt is materially larger than available cash, and the balance sheet shows negative book equity, increasing financial risk.
No recent dividend. Investors looking for regular income should not rely on TIP at present.
Small-cap liquidity. Trading volumes can be low, making it harder to buy or sell large positions without affecting the price.
Who should buy TIP?
TIP may suit investors who:
are comfortable with above-average risk,
believe management can continue its turnaround,
are looking for capital appreciation rather than dividend income.
It is less suitable for conservative investors seeking stable earnings and consistent dividends.
If I were building a ₦100 portfolio
Given your long-term interest in Nigerian equities, I’d allocate approximately:
₦5–10 to TIP
₦90–95 to stronger, higher-quality companies such as GTCO, Zenith Bank, MTN Nigeria, BUA Foods, and Aradel Holdings.
That way, if TIP performs exceptionally well, it can boost your returns, but if the turnaround fails, it won’t significantly damage your overall portfolio.
Tripple Gee & Company Plc (ticker TRIPPLEG, often abbreviated as TIP) is a small-cap industrial company on the Nigerian Exchange. It specializes in security printing, financial documents, labels, and flexible packaging for banks, government agencies, and commercial clients. Investment summary RaRead more
Tripple Gee & Company Plc (ticker TRIPPLEG, often abbreviated as TIP) is a small-cap industrial company on the Nigerian Exchange. It specializes in security printing, financial documents, labels, and flexible packaging for banks, government agencies, and commercial clients.
See lessInvestment summary
Rating: Hold / Speculative Buy
This is not the kind of stock I would make a core holding. Instead, I’d view it as a higher-risk opportunity that deserves only a small allocation in a diversified portfolio.
Positives
Revenue grew by about 23% in the latest financial year, showing the business is recovering.
Gross profit improved significantly, indicating stronger operating performance than the previous year.
The company generated positive free cash flow after a weak prior year.
Concerns
These are the reasons I’d be cautious:
Very low profitability. Despite stronger sales, net profit remains tiny relative to revenue, meaning the company still has little margin for error.
High debt. Total debt is materially larger than available cash, and the balance sheet shows negative book equity, increasing financial risk.
No recent dividend. Investors looking for regular income should not rely on TIP at present.
Small-cap liquidity. Trading volumes can be low, making it harder to buy or sell large positions without affecting the price.
Who should buy TIP?
TIP may suit investors who:
are comfortable with above-average risk,
believe management can continue its turnaround,
are looking for capital appreciation rather than dividend income.
It is less suitable for conservative investors seeking stable earnings and consistent dividends.
If I were building a ₦100 portfolio
Given your long-term interest in Nigerian equities, I’d allocate approximately:
₦5–10 to TIP
₦90–95 to stronger, higher-quality companies such as GTCO, Zenith Bank, MTN Nigeria, BUA Foods, and Aradel Holdings.
That way, if TIP performs exceptionally well, it can boost your returns, but if the turnaround fails, it won’t significantly damage your overall portfolio.