Estimating share prices of companies can be a very arduous task sometimes considering the varying assumptions different analyst can use. However, on this blog we try as much as possible to guide our subscribers by estimating share price of companies as much as we can.
Back in September we valued the share price of Oando PCL and estimated it at N22. It was trading for about N9 at the time and quite frankly the negative news around indicated a badly beaten stock. Oando as more than doubled since then and those who purchased based that analysis guess you should be smiling by now.
It is important to note though, that we did not purchase the stock as the company fundamentals did not meet our minimum investment expectation for Ugometrics Portfolio (Our Value Portfolio). See link to article