January - Passed CFA Level II.
February - Married the love of my life. ๐
October - Passed CFA Level III. ๐
Three life-changing milestones. One faithful God. ๐๐ฝ
#CFA#CFACharterholder
FCMB Group PLC
Nah, the market should be able to show some love to FCMB. Really strong numbers. The valuation is sooo attractive too.
Just that, for some reason I don't fully understand, the market does not seem to rate FCMB one bit. It is possible that the market may be unconvinced by the bank's asset quality. The impairment in Q2 is one of those pointers.
The only thing I love about this business is its crown jewel, CDL. They also have a relatively strong legacy asset management and investment banking franchise, but CDL is the only attraction for me.
(Btw, if FCMB is doing an annualised โฆ280bn, I can only imagine what my baby, Wema Bank, will cook for me๐๐๐๐๐๐).
The stock market is buzzing again, but most people only pay attention after it has already gone up.
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Last week, the Nigerian stock market closed with a 47.31% year-to-date return, reminding us that long-term investing rewards patience more often than perfect timing.
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Swipe through to see how you can benefit from investing in Nigerian stocks, then explore opportunities on the i-invest app.
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