Naira metrics first recommended our stock in May 2020, following solid fundamentals and visionary leadership. Nairametrics founder, Mr. Ugo Obi-Chukwu had an opportunity to speak to the current CEO of Africa Prudential, Obong Idiong, and remarked that:
“He appears to be a visionary who is driven towards technology and innovation.”
“When we recommended our stock, it was trading for N3.75 per share and an indicative dividend yield of a whopping 17.95%. Whilst we believed the stock was worth at least N7.35 per share, our target exit price was N4.70, providing a return of 25%. The share price hit N4.75 on Friday, crossing our target exit price. If you bought this stock when we recommended it, you would have gained 26% in 152 days or less than 6 months.”
The company’s strategy shows an upside as Africa Prudential is playing in a space for the future—technology.
See the company’s other achievements on https://africaprudential.com/awards-achievements/