Hello everyone! There’s a lot of 'Paint' on the gainers' chart lately. After 4 years of suspension, Premier Paints has officially returned to the NGX and just hit ₦34.10 today (+10%).
The numbers tell an interesting story: they finally filed their results, showing a ₦2.16 million profit for FY 2025 (compared to a loss in 2024). It’s a modest profit, but it shows they are finally breathing again. Plus, there are whispers about a 51% stake sale to Xenergi Limited, which might be what’s driving this 'Super-Cycle' momentum.
The Question: At ₦34.10, are we buying the 'Recovery Story' or is the 200% gain this month starting to look a bit 'Over-painted'? Would you enter now or wait for a pullback? ️
The numbers tell an interesting story: they finally filed their results, showing a ₦2.16 million profit for FY 2025 (compared to a loss in 2024). It’s a modest profit, but it shows they are finally breathing again. Plus, there are whispers about a 51% stake sale to Xenergi Limited, which might be what’s driving this 'Super-Cycle' momentum.
The Question: At ₦34.10, are we buying the 'Recovery Story' or is the 200% gain this month starting to look a bit 'Over-painted'? Would you enter now or wait for a pullback? ️