✅+53% in 5 Months (Can your bank beat this?)
Dec 12, 2024 6:01 am
If you are still investing in fixed deposits, your bank is using you to make FREE money and catch a cruise (LOL!).
If you deposit N1,000,000, they pay you 5-7% per annum, which is about N49,900 - N69,750 (you know the normal charges, VAT, SMS, debit card issuance, and all).
Your N1,000,000 is either invested in T-Bills (+25%) or given to another customer (loan) while they pay the bank 30-35%, depending on the industry.
Why don't you leverage events in Nigeria, and invest in a collection of amazing companies that are making the most money in the hottest sectors?
If you do this every year for 5-10 years, you will grow your cash balance to a level you didn't imagine.
On July 31st, 2024, I specifically called Axa Mansard a strong BUY at N4.9
Here is the screenshot showing the recap of the analysis (see detailed recommendations here)
- Recommended price: N4.9 (red)
- Fair value: N6.25 (upside potential of 45%)
- Today's market price (N7.5, +53% in 5 months)
Why is Mansard's stock surging?
Impressive financials, elevated rate hikes and exchange rate
Trading the hottest sector stocks is a sure path to generating consistent profit in the Nigerian stock market.
Don't miss another new stock that has appreciated by 400% in 5 years, generated over N10bn this year (9-month, 2024) from export sales, exchange rate and guess what? it is still a buy today.