Presco, Okomu rank among NGX’s top compounders after 62x and 42x returns
If you invested N1 million each in Presco Plc and Okomu Oil Palm Plc a little over ten years ago, those investments would be worth approximately N61.98 million and N42.12 million, respectively, today. The post Presco, Okomu rank among NGX’s top compounders after 62x and 42x returns appeared first on Nairametrics .
An initial investment of N1 million in Presco Plc and Okomu Oil Palm Plc over a decade ago would now be worth roughly N61.98 million and N42.12 million respectively, according to Nairametrics Research analysis. The two Nigerian listed palm oil producers have become some of the Nigerian Exchange's top long-term performers in the past ten years.
Presco's shares, trading at N33.00 at the start of 2016, grew to around N20,695.14, resulting in a 6,098% return. Okomu's shares, starting at N30.30, grew to approximately N42.81, leading to a 4,112% return. Combined, N2 million invested in both companies would have grown to roughly N104.10 million, excluding dividends, brokerage fees, and taxes.
The naira's sharp decline over the decade, losing about 85% of its value against the dollar, contributed to the smaller dollar returns. Despite this, both companies delivered exceptional long-term outcomes, with Presco turning roughly $5,076 into $46,671 and Okomu turning it into about $31,716.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
