QUESTION:
Hello Mr Ambrose,
Please I need your advise. Should I take-up my rights in DM Meyer Plc?

ANSWER:
My answer is no for now. Many manufacturing companies are struggling because of the harsh operating environment which we hope the Federal Government would make friendlier this year.
Going specifically to your question on DN Meyer, the company has not been consistent in the release of its financials to give investors opportunities to make informed decisions at the right time.
Its last result was that of Q3 2016 where it posted a loss of N71 million.
Instead of tying down more capital in the company via the rights issue, take opportunity of the coming earnings season to invest in dividend paying stocks. Call to get our dividend stocks watchlist.