Training

Investdata’s Golden Stocks For 2020 Returns 28.7% On Average

Ahead of its Invest 2021 Summit slated for December 5, 2020, tagged “New Opportunities and New Paths To Profit,” Investdata Consulting Ltd at the weekend said its Golden Stocks recommended to participants at last year’s edition has returned 28.7% average, despite the economic downturn seen in the period under review.

The summit, slated for December 5, 2020, will hold virtually from 10am prompt.

Growth champions among the recommended stocks, included seven that yielded 30% and more returns, led by United Capital, which made its shareholders 109.21% richer.

Specifically, United Capital’s share price opened the year at N2.28, closing at N4.77 per share on Friday, November 27, 2020, peaking at N5.40 in the period under review; followed by Lafarge Africa’s 70.37% from N13.50 each, to N23.00, a drop from the year-high of N26.12 per share.

The share price of Dangote Cement jumped from N142.00 to N205.00, its highest price YTD, representing a 43.66% growth; while African Prudential, a sister company of United Capital, soared by 40.24%, after closing at N5.89 each, from N4.20 from its N6.60 height; just as AIICO Insurance returned 35.14% from N0.74 per share to N1.00, which was a drop from its peak within the period of N1.20 each.

Dangote Sugar returned 33.33% within the period, closing at N20.00 per share from N15.00 each, from its peak of N23.34; followed by Fidelity Bank’s 28.71% returns at N2.60 from N2.02 each, as against the N3.20 peak level within the year.

Shareholders of United Bank for Africa recorded 25.37% price increase, rising to N8.40 each from N6.70 per share, after exchanging at N9.20 per share during the year.

It was however, not positive for the golden stocks, as the share price of UAC of Nigeria dropped by 11.05% to N7.65 each, from N8.60 at the beginning of the year, after entering profit at its peak level of N10.25 per share; significantly better than the 24% loss suffered by those who entered Caverton Offshore at N2.50, before closing at N1.90 on Friday. During the year, the company had changed hands at N3.15, which was a profit during the period.

Access Bank’s share price also fell by 7.03% from N9.25 each at the end of last year to N8.60, but had sold at N12.00 each during the year.

Investdata’s Invest 2021, is aimed at helping investors navigate Nigeria’s troubled investment terrain, made worse by the aftermath of the Coronavirus (COVID-19) pandemic and the ensuing lockdown since the end of March 2020.

Already and as always, our team of top-notch investment and economic analysts will take participants at the event through various topics aimed at helping them discover opportunities for robust returns on investment by taking position early as the New Year 2021 opens.

Key takeaways from the summit, the organizers explained, include the power of insider perspectives in stock trading and investing; high returns and risks in a recovery market; How to invest in a low interest and yield environment; What you must know about the prevailing market and economic situation; and knowing what alternative asset classes exist to diversify your portfolio. Participants will also be given hints about what to do when rates crash further, going forward; and how to ride on dividend payout post-COVID recovery.

As in previous editions, participants will go away with “10 Golden Stocks to position,” immediately after the summit.

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