International Energy Insurance Plc (IEI Plc) has been one of the more active names on the Nigerian Exchange in recent weeks. After bouncing strongly from its lows, the stock is now in a short-to-medium term uptrend, with buyers clearly in charge.
But there’s a catch: while the charts look bullish, investors still face some fundamental risk because the company has delayed the release of its audited 2024 financial statements.
Current Market Snapshot
Price now: ₦3.65 – ₦3.70
Day range example: ₦3.22 – ₦3.79
52-week range: ₦1.20 – ₦4.51
Market cap: ₦4.7 billion
Revenue (TTM): ₦6.6 billion
Net income (TTM): ≈ ₦1.78 billion
EPS: ₦1.39
P/E ratio: 2.7x (very low)
Trading volume has also been above average, showing more investor participation.
Technical Picture (Charts & Trends)
Overall trend: Uptrend since late 2024/early 2025 lows.
Momentum: RSI in the low-60s, which is bullish but not yet “overheated.”
Chart pattern: Rising channel with higher highs and higher lows.
Resistance zone: Around ₦4.4 – ₦4.5 (previous top).
Liquidity pockets: Support seen around ₦3.0 – ₦3.3; stops likely clustered near ₦4.5.
In plain words: The stock has been climbing steadily, and unless it falls below ₦2.80, the trend remains in favor of buyers.
Trading Plans (Simplified)
Aggressive Approach (buy the dip):
Entry: ₦3.00 – ₦3.30
Stop loss: ₦2.70
Targets: ₦4.10 → ₦4.50 → ₦5.10
Conservative Approach (wait for breakout):
Trigger: Buy only if price closes above ₦4.55 – ₦4.60 with strong volume
Stop: ₦3.80
Targets: same (₦4.10 → ₦4.50 → ₦5.10)
Bearish Case (if things go wrong):
Exit long trades if price closes below ₦2.70–2.80 on high volume
Expect deeper pullback to ₦1.8 – ₦2.4 zone
Fundamentals to Watch
On paper, IEI looks cheap — low P/E, positive earnings, and improving revenue. But the delay in audited financials is a red flag. Regulators (NAICOM) are still reviewing the company’s 2024 audited accounts, and until they are cleared, there’s an element of uncertainty.
Forecast & Takeaway
Base case: Pullback to ₦3.0–₦3.3, then continuation higher toward ₦4.5 and possibly ₦5.1.
Neutral case: Range-bound trade between ₦2.8–₦4.4 while market waits for audited results.
Bear case: Break below ₦2.7–2.8 → drop to ₦1.8–2.4.
Bottom line: The trend is up and buyers are in control. But size trades conservatively, watch ₦2.8 as the key “line in the sand,” and keep an eye on company disclosures.
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Note: This analysis does not constitute financial advice. It is based on publicly available data and provided for educational purposes only. You are welcome to share your views on this post, as this is an open public discussion forum.
