✅Did you miss +100% gain on Flourmill stock?
Dec 12, 2024 6:31 am
In August 2024, I dropped two powerful recommendations:
The first was Honeywell stock at N3.9,, which went up by 50%+ to reach N5.85 in September 2024 (see the recommendation here)
The second stock was Flourmill Nigeria. I dropped a buy recommendation around N37-N40, and in December 2024, it touched a high of N80, which is a +100% return in 4 months (see recommendation here)
Why did these flour stocks surge higher?
Food inflation is at a 28-year high, everything is expensive in the market.
The food sector is hot if you can spot a company that can convert rising prices to more profit margin and reward shareholders.
This is what we do in our Globfolio community.
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