Happy new week!

I bought Presco stock at N493 and as I share this, everyone in the private community has keyed into the consumer goods stock because rising inflation has made the food industry a hot cake.

Do you know how much Palm oil is today against last year?

If you do, then Presco stock should be in your portfolio today.

Let’s look at the recent Q3 figures and 9-month financials

• Revenue for Q3, 2024 increased by +41% which supported an uptick in the 9-month figure to N128b, +67.3%
• Gross margin increased from +64% to +72%
• Operating profit % also increased from +49% to +58%
• Profit before tax for the 3 months increased from N10.8bn to N16.6bn, +53.7% while the 9-month result revealed a significant improvement from N31.7bn t0 N67, +111%
• Profit after deducting tax also jumped from N8.3bn to N12.8bn, +54.2% which rubbed off on the 9-month figure to a record level, N51.7bn (against N23.4bn)
• EPS (TTM) is N61.16 far above the FY 2023 EPS of N32.85 by +86%

In 4-6 months, this stock price will fly higher.

If you don't own the stock, buy between N493-N520 on Monday.

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