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Mecure Industries (a pharmaceutical firm) listed on the NGX joined the N100 club as it closed at N104. 2026 has seen the stock price off to a hot start. Year to date, the stock is up 59%, outperforming the All Share Index. At its current price, the stock is a bit frothy and may be…
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Champion Breweries has a public offer running at the moment which will close tomorrow. A public offer is when a company sells shares to the public Here are my thoughts on the offer and projections on revenue and profit thereafter. The offer details 2,625,000,000 shares at ₦16.00 per share The offer opened January 8, 2026…
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Eterna Plc, a company in the downstream oil and gas space on the NGX, currently has a rights issue. A rights issue allows a company to offer additional shares to its existing shareholders. Here are my thoughts on the offer and where the stock should be trading at going forward. This is not investment advice,…
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Telco giant MTN Nigeria last week hit an all time high of N550. Year to date, the stock is up a bit over 7% Is there still room to run? Technicals and fundamentals have it as a yes. Fundamentals are green 2025 was a recovery year for MTN Nigeria, boosted by the tariff hike and a…
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Pharma giant Fidson commenced its rights issue a few days ago.’ Here is a walkthrough the company’s numbers over the last few years, and a forecast of where the stock could be trading at post offer. What is a rights issue? A rights issue is when a company sells shares to existing investors at a…
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FCMB Group filed its 9M 2025 results on Friday after trading hours. The coming week is a busy one for the firm as the firm will be holding an EGM on Monday (to seek shareholder approval to take in more funds than planned from its public offer), and an earnings call on Tuesday. Topline and…
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Last week was a fairly active one for UACN. The company held an analyst and investor call last week, as well as a facts behind the acquisition event at the NGX. You can get the firm’s presentation on the transaction here A few months ago, the company announced plans to acquire Chi Limited. Chi Limited…
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Fidelity Bank yesterday dropped its H1 2025 results which were long overview. Investors expecting an interim dividend may be “heartbroken” as the lender will not be paying an interim dividend. An interim dividend is one paid before a company’s audited financial numbers. Last year, the bank paid an interim dividend of 20 kobo per share. …
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GTCO parent company of the popular (or unpopular depending on what time of the month 737 or GT World app fails, which thankfully is a rarity these days) Guaranty Trust Bank yesterday held its H1 2025 earnings call. If you want the low down on that, you can read that here. TDLR: Lending is going…
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GTCO yesterday held its H1 2025 earnings call. Here are a few key points from the call. Id be updating this article, all through the day. You can listen to the call here (only 46 minutes long so wont take a lot of time). Group CEO Segun Agbaje on the results as a whole Segun…