A Financial expert and Stockbroker Charles Fakrogha has urged company owners to ensure that their companies are listed on the Nigerian Exchange NGX or any other recognized exchange.
The Stockbroker in an exclusive interview with iBrandtv highlighted the benefits companies already listed on the NGX are enjoying which other companies can also benefit from if they get listed.
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According to him, the NGX is an open, professional, and vibrant exchange, connecting Nigeria, Africa, and the world. It is a recognized platform where shares of a company that is listed can be publicly traded.
Fakrogha said companies listed on an exchange get cheap publicity because such companies would be talked about by the financial press when discussing the top gainers or losers for the day and this outweighs paying for an advert.
There is the ease of raising funds, the reports of listed companies are already in the public domain, as such, they can freely ask their shareholders for more funds when they have a problem or when they want to expand and this can be done by way of right, through bonds and by issuing commercial. Dangote, MTN, Airtel, Cutix, and a host of other listed companies raise funds from time to time to support expansion and well-defined projects.
Companies not listed on the exchange cannot enjoy this benefit as it is limited to listed companies alone.
Fakrogha opined that there is room for easy valuation of shares of companies listed on any exchange. This allows prospective investors to evaluate what a company is worth through their shares.
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The Financial expert said when a company is listed on the exchange it gives confidence and prestige to the owners and shareholders of such companies. They can proudly speak about the worth of the company, they can use it to get contracts and also woo more investors
Companies listed on the exchange tend to survive for a very long time even after the founders might have passed on to the great beyond.
In conclusion, he admonished unlisted companies to find their way to the various recognized exchange in the country and get listed as this would further boost their activities in more ways than can be imagined.
