Lafarge Africa Delivers 80% Return on Investment in 9-Month
Due to record price appreciation, a N100 million investment in Lafarge Africa has grown to N180 billion based on the cement company’s share price performance – and this is the best investors get versus its rivals.
Lafarge Africa Plc has delivered approximately 80% year-to-date return on investment on the bet on the cement company stock in 2025. Investors with interest in cement stocks are generally sensitive to Nigeria’s capital expenditure plan – which has been well executed.
Reflecting stockholders’ sentiment on Lafarge African earnings outlook, the cement company experienced significant price appreciation since the beginning of the year, and this boosted its shareholders wealth apart from dividends payments.
Based on the cement oligarchy stock price movements, Lafarge Africa topped the rank with the best-in-class year-to-date return at 85.58%, Afrinvest Limited told investors in a stock recommendation this week at a reference price of N130.
However, the company has lost more than 3.7% of its opening value this week due to sell pressure, and its share price has declined from N130 to N125.10.
This left the year-to-date return hovering near 80%, ahead of the third-quarter earnings release, which could become its fresh catalyst for further re-rating.
The market value of Lafarge Africa plc’s 16.107 billion shares outstanding reduced to N2.015 trillion on Tuesday, based on data obtained from the Nigerian Exchange.
What the cement company price means for investors is that a N100 million investment in January would have boosted portfolio size to N180 million at the end of June – without trading the stock.
With upside potential of 20.2% as per Afrinvest Securities Limited, the investment firm guided investors to accumulate Lafarge Africa with trading ticker WAPCO at a reference price of N130.
Apparently, the stock has become even cheaper versus the estimated 12-month target price of N156.30 set by Afrinvest Securities Limited this week. # Lafarge Africa Boosts Shareholders’ Wealth by 80% in 9-Month Foreign Investors Dump Nigeria, Ghana, Angola Eurobonds
