Learn Africa Plc is one of Nigeria’s oldest and largest educational publishing companies, with more than 60 years of operating history. Originally incorporated in 1961 as Longman Nigeria, the company evolved into Learn Africa Plc after separating from Pearson in 2011. It has been listed on the Nigerian Exchange (NGX) since 1996 and remains a dominant player in Nigeria’s educational publishing industry.
Current price: N9.00
Rating: Buy
Price projection: N15 (66.67%) and N19 (111.11%)
Technical Analysis
In this report, we shall use the following tools and analysis methods:
Elliott’s wave theory to understand the overall market sentiment
Fibonacci tools to determine support and resistance levels
The Relative Strength Index and volume to evaluate the market’s strength
The Money Flow Index to determine the market liquidity
Moving average and MACD to understand the nature of the trend
Top-down analysis to know the best investment position
Elliott wave analysis
Weekly chart: Market overview
On the weekly chart, Learn Africa is in its fourth wave in the Wave III grand cycle. This means that the stock has potential for an upward rally. Currently, Learn Africa trades within the 0.618 Fibonacci level after a deep correction. At this level the stock is expected to commence a bullish trend for investment opportunities.
Daily chart: Investment opportunity
Plotting Fibonacci retracement on wave 3 of the intermediate cycle, investment opportunities should be between N8 and N9. Also, the price projections for Learn Africa include N15 (66.67%) and N19 (111.11%)
Indicator analysis
Weekly chart: Market overview
Learn Africa sustained its bearish momentum on the weekly chart. Given the stock’s position within the Fibonacci level (0.618), traders should expect a brief bullish trend within this corrective phase.
Daily chart: Investment opportunity
The low bullish volume on the daily chart indicates that investors are buying into value despite low market liquidity and momentum. Also, MACD’s bearish momentum signals divergence, which suggests a potential trend reversal.
Fundamental Analysis
Full-year financial report for 2025
Key insight: The financial rating for Learn Africa is 78%. This means the stock is suitable for long-term trading and medium-term investment
Key Highlights
Revenue increased by 18.74%, reflecting stronger sales performance.
Profit after tax surged by 58.56%, indicating a significant improvement in profitability.
Total assets grew by 15.79%, suggesting expansion in the company’s asset base.
Total liabilities rose by 24.66%, indicating increased financing or operational obligations.
Net cash flows from operating activities climbed by 46.79%, demonstrating stronger cash generation from core business operations.
SWOT analysis
