Presco and Okomu Deliver Exceptional Returns for Investors

Over the past decade, Presco Plc and Okomu Oil Palm Plc have emerged as leading long-term compounders on the Nigerian Exchange (NGX). An investment of N1 million in Presco at the beginning of 2016 would have grown to approximately N61.98 million, reflecting a 6,098% return, while Okomu's equivalent investment would be worth about N42.12 million, representing a 4,112% return.

This analysis, based on share price data from the NGX, indicates that a total investment of N2 million in both companies would now be valued at around N104.10 million, excluding dividends, brokerage fees, and taxes. At the start of 2016, Presco shares were priced at N33.00, and Okomu shares at N30.30.

The naira's depreciation against the dollar, losing about 85% of its value, has impacted the dollar-equivalent returns, with Presco turning roughly $5,076 into $46,671 and Okomu converting it into about $31,716.