Category: Napkin Notes
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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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UBA’s rights issue commenced a few months ago and seems to be lagging. The offer was extended by a few weeks. It was initially scheduled to close on Friday, September 5, 2025, but was extended by two weeks and will now close on Friday, September 19, 2025, following the receipt of approval from the Securities…
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PZ Cussons Nigeria yesterday released its audited FY 2025 results (financial year for the 12 months ended May 2025), after trading hours. Here is a walkthrough the numbers and my view on the stock. About the firm PZ Cussons Nigeria Plc was incorporated in Nigeria on 4 December 1948 under the name of P.B. Nicholas…
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Trancorp power popped on my radar last week following a large off market trade which occured last week and a much smaller one a few days ago. Here is a brief summary of the company’s H1 2025 results and what could cause mometum in the stock. About the firm Transcorp power is 50.99% owned by…