The Initiates Plc, also called TIP, is a Nigerian company listed on the Nigerian Exchange (NGX). The business is one of the few specialized firms in hazardous and industrial waste management, providing solutions such as decontamination, cleaning of oil and gas facilities, thermal treatment, and e-waste management. In simple terms, TIP handles the “dirty but necessary” jobs for industries, making sure waste is safely treated and disposed of.
Because this sector is niche but growing, TIP’s stock has started attracting more attention. Over the past year, it has shown the kind of explosive growth that investors describe as a “high-beta runner” — meaning it moves very strongly, both upward and downward, compared to the broader market.
📊 Current Market Data
As of August 20, 2025, TIP was trading at about ₦13.00 per share. On the day, it moved between ₦12.60 and ₦14.20, which shows there’s plenty of buying and selling pressure.
Looking at the bigger picture, in the last 52 weeks, TIP has swung between ₦1.75 (its lowest) and ₦17.74 (its highest). That means it has already made some very sharp moves.
Performance-wise, TIP started the year around ₦2.50 and is now up more than +420% year-to-date, with about +478% over the past one year. For context, very few companies deliver this kind of return in such a short time — it shows TIP is a stock that rewards early believers but can also carry risk because of its sharp movements.
📈 Technical Analysis – The Chart Story
Charts show that TIP had a parabolic rise in Q2 and Q3 of this year, moving rapidly upward before pausing.
On the weekly chart, the stock is still in a clear uptrend (higher highs and higher lows).
On the daily chart, it’s taking a breather, moving sideways after that sharp run.
TradingView’s technical gauges lean more towards a “Buy” on the bigger timeframes, though the intraday picture is more mixed. That simply means: the trend is up overall, but in the short run, the price is consolidating.
Smart-Money Concepts (Liquidity & Structure)
Looking deeper into structure:
From under ₦3.00, TIP ran all the way to nearly ₦18.00. That’s a textbook sequence of higher highs and higher lows.
Now it’s sitting inside a “correction box” between roughly ₦11.00 and ₦15.50.
Liquidity zones (where big players might target stops and entries) are clear:
Above ₦15.50–₦16.00 sits a key pivot zone. If TIP breaks this area, it could trigger another wave of buying.
Around ₦17.70 is the prior high, another obvious magnet.
On the downside, ₦12.00–₦11.00 is a shelf of support — if it breaks, sellers might take over.
Also worth noting: TIP has a relatively thin float, meaning not too many shares are freely traded. This makes the stock more volatile — moves up or down can be faster and sharper.
🔺 Chart Patterns
On the daily chart, TIP looks like it’s forming a rectangle or flag pattern. This is common after a huge run — the stock “rests” in a box before choosing its next direction. If it breaks above the box (₦15.5+), it often resumes its uptrend.
🌊 Elliott Wave View
The big move from ₦2 to ₦17 fits as Waves 1 to 3 in Elliott Wave theory. Right now, the sideways consolidation looks like Wave 4.
If the stock closes above ₦15.5–₦16.0 on the daily chart, it could kick off Wave 5, aiming back at ₦17.7 and maybe beyond.
If it closes below ₦11.00, however, the bullish count is invalidated — meaning we might need to rethink the outlook.
Fundamentals Snapshot
TIP’s fundamentals are surprisingly strong for such a fast-moving stock:
Revenue (TTM): ₦7.04 billion
Net income: ₦2.18 billion
EPS: ₦2.45
P/E ratio: 5.3×, which is low considering the growth rates.
Profitability is solid: gross margin 52%, operating margin 44%, net margin 31%. Returns are very high, and debt is very low — which makes the company financially stable.
Dividend-wise, TIP paid ₦0.10 per share recently (about a 0.77% yield). Not huge, but it shows management is sharing profits with investors.
The business model itself is specialized and tied to industrial demand, government regulation, and contracts. That gives it a steady need for services, even if growth rates fluctuate.
Cycles & Catalysts
TIP’s earnings releases have been key drivers of momentum. For example, the July 29, 2025 results showed strong half-year growth, which boosted sentiment.
Other things to watch for:
New project wins or government contracts.
Regulatory support for waste management.
Announcements on capacity expansion or capital projects.
Because it’s a high-momentum stock, TIP often moves around earnings seasons or news announcements.
🎯 Trade Strategy (Long-Only View)
Since TIP has already shown massive growth, the strategy here is to play carefully into the trend without chasing blindly.
A) Core Swing Long
Entry zone: ₦12.60–₦13.50 (buy on dips or if it reclaims ₦13 strongly).
Add more: ₦14.60–₦15.20 (if it breaks higher with volume).
Stop-loss: ₦10.90–₦11.00 (if it breaks the correction base).
Take-profits:
TP1: ₦15.50–₦16.00
TP2: ₦17.70–₦17.80 (previous high)
TP3: ₦19–₦20 (extension target).
B) Value Buy-the-Dip
Entry zone: ₦11.00–₦12.00 (if it dips and shows strong demand).
Stop-loss: ₦10.00 (psychological round number).
Take-profits: ₦13.50 → ₦15.50 (with potential to trail higher).
Conclusion
The Initiates Plc is an unusual mix of fast price action (a stock that runs hard) and solid fundamentals (strong profits, low debt, steady demand).
Right now, the bias remains bullish as long as ₦11 holds on daily closing levels. If TIP breaks above ₦15.5–₦16.0, the trend likely resumes towards ₦17.7 and possibly ₦20.
But if the stock falls below ₦11, the outlook turns cautious — meaning investors should wait for new fundamentals before expecting another big push.
Summarily: TIP is resting after a massive run. If it holds its floor, the next leg up could test old highs and beyond. But manage risk carefully — this stock moves fast.
