Analysis of Starcomms PLC
Here are highlights from CSL’s initial analysis of Starcomms PLC whose stock was recently listed.
1. Listed as a BUY for the long-term
2. Believes that the management has a thorough understanding of the industry dynamics and as well as a clear growth strategy
3. A mobile penetration of just 28% in Nigeria means that there are lots of opportunities for growth
4. Believe that a fair value for the stock is N19.32