Great to be able to write that when most developed markets are still in turbulence. Ashaka Cement has risen 23% in a week and Dunlop Nigeria 22%, taking the NGSE Index up 7%. The rise in Ashaka cement puts it on a rich PE of 22.5 with the stock just 8% from its years high. Dunlop Nigeria's net income is negative. Before Interest, Tax and Depreciation its P/EBITDA multiple is 116.7. Best to just focus on cash flow! P/CF is 4.38.
The Nigerian exchange has introduced a rule that only allows trades to be determined by trades greater than 100,000 shares
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