Watchlist is a weekly piece i do on stocksi will be keeping an eye on during the week. It is not a Buy/Sell/Hold recommendation. Neither is it investment advice in any way/shape/form.

Presco

Presco takes the first place in my watchlist following the opening of a 150 billion bond offer. I expect the share price to dip a bit as coupon payments mean less cash for shareholders.

Proceeds will be used to fund its acquisition of a palm oil firm in Ghana.

Access Holdings

Access Holdings was in the news last week following approval of allotment of its rights issue shares by SEC. I expect the share price to dip in the next few days. The shares are expected to start trading on before the 10th of January.

Ikeja Hotel

Ikeja Hotel has a spot as it was the best performing stock last week, appreciating by 32.7% to close at 12.15. The stock is currently trading at a 52 week high and i expect a pull back if short term players decide to take profit before the market closes for the year.

MTN Nigeria

While the 100k rule means the stock is unlikely to close above the 200 mark, I expect a bounce as we cross into the new year when tariff hikes are expected to take effect. The stock had hit the N200 mark in intra trading last Friday.

Transcorp

Transcorp has a spot because HH Capital has obtained the necessary approvals from the Securities and Exchange Commission to buy up to 2,032,399 shares equivalent to 0.02% of the issued and fully paid shares of the company. A SEC rule makes the offer mandatory, since they have crossed 30% shareholding.

Apple

Apple could close out the year at another record. The stock is inches away from becoming the first company in the world to hit a $4 trillion market cap.

Universal insurance

Universal insurance has the last spot on my watchlist as it has consistently traded large volumes over the last 7 trading sessions. I am not sure what is behind this, but there should be a bit more clarity over the next few days.