GTI 5 Weekly Stock picks for the week 16/11/ 2015-23/11/2015
Commentary
Champion Breweries makes its debut on the top 5 this
week and claims the top spot. The small sized brewer attracted investor’s
attention after its acquisition by Global brewery giant, Heineken, and the
contract brewing arrangement in place
with Nigeria Breweries as well as the injection of fresh capital has given the
company a new lease of life. The Company has turned the corner and is back to
profitability after over 5years of consistent losses declared. Even though this
Company doesn’t not totally fit the profile of companies that make our top-5
because of the lack of dividend history. We have however made an exceptional
waiver because of the expected upside momentum.
UBA claims the second spot on the table this week. This is yet another company making its debut
on our top 5. The bank has shown some
consistency since the beginning of this year. We were particularly concerned
about the bank’s capital adequacy in the past, but are impressed by the
progressive growth in the bank’s shareholders fund since the beginning of the
year
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