Yesterday, I dropped a new recommendation in the Nigerian stock market.

I started tracking this heavy-weight stock when it was dumped in 2024, that's after it went up by +100% in a single month.

Today, the price has found a bottom and it looks like institutional investors, asset managers and stock brokers are accumulating it gradually.

Why did I recommend this stock:

In its latest financials:

• The price of its product has been going up and every industry uses it.
• Sales growth quarterly on year on year has been growing
• Operating profit was higher
• EPS TTM shows that the stock is fairly valued at the current price and I think Q4 may support further upward momentum.
• The company has approved raising funds to help it refinance short-term debt and restructure its debt.

You see that last point, that's the reason the share price dipped in the last 12 months, and I am optimistic that there is a turnaround coming.

Did you know I recommended Presco at N493 in January 2025 before the stock surged to N750+?

Don't miss this G30 selection with +20-50% upside potential in 3-6 months

Click here to access the stock and get in early right now