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Home Companies Corporate Updates

This stock has a potential to fetch 100% return

NM Partners by NM Partners
August 17, 2020
in Corporate Updates
stock select, returns
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For a company struggling to reduce the hemorrhaging of revenues over the last couple of years, this is not one of those stocks we would consider recommending. However, there is an investment case for buying it and we will be revealing why.

At the end of 2019, the company reported a loss after tax of about N7.9 billion one of its worst since we started tracking it over 5 years ago. This year has not been any different worsened by the Covid-19 pandemic. The company in the first half of the year reported a loss before tax of N567 million. Most of the losses came in the second quarter of the year when the rampaging pandemic forced an economic shutdown in Lagos State, Abuja, and most cities across the country.

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To access these stock picks,  subscribe to our Stock Select Newsletter (SSN) and get our weekly stock recommendation as edited by Ugodre Obi-Chukwu the founder of Nairametrics. This subscription also gives you access to our investment case for buying over 10 stocks listed on the Nigerian Stock Exchange.

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NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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