C & I Leasing Plc is a Nigerian company that provides leasing and marine services. The stock has been active this year, and traders are watching closely to see whether it will push higher or fall back. Below is a simple, easy-to-follow breakdown of the company’s numbers, chart, and possible trading ideas.
1. Market Snapshot
Current price: about ₦6.78 per share.
52-week range: it has traded as low as ₦3.16 and as high as ₦9.64 in the past year.
Market size: worth about ₦17.5 billion on the NGX.
Earnings: it makes about ₦0.56 profit per share.
Dividends: last payout was around ₦0.10 per share (about 1.5% yield).
Valuation: selling at roughly 12x earnings, which is not too expensive compared to other Nigerian stocks.
Debt: fairly high. About 41% of its assets are funded by debt, and its interest cover is weak (meaning interest costs eat into profits).
What this means: The company is profitable, but debt is a concern and limits how much profit is left for shareholders.
2. Technical Picture (Charts)
The daily chart currently shows weakness, with short-term indicators pointing “Sell.”
Price has been moving between ₦5.9 (support) and ₦7.2 (resistance) for a while.
If the stock climbs above ₦7.2–₦7.5 with strong volume, it could rally further.
If it falls below ₦5.9, the next stop could be ₦4.0–₦5.0.
Simple read: The stock is stuck in a box. A breakout above ₦7.5 is bullish, a breakdown below ₦5.9 is bearish.
3. Where Big Money Might Be (Liquidity Zones)
Many sellers are waiting around ₦8.0–₦9.6 (recent highs).
Buyers tend to step in around ₦5.9–₦5.0.
If you see big volume on up days, it could mean institutional investors (“smart money”) are accumulating shares.
4. Chart Patterns
On the bigger chart, the stock looks like it built a rounded base from ₦3.16 and ran up to ₦9.6.
Recently it’s just moving sideways between ₦5.9 and ₦7.2.
Break above ₦7.5 = bullish continuation.
Break below ₦5.9 = bearish continuation.
5. Elliott Wave View (Simplified)
The run from ₦3.16 to ₦9.64 looks like a big upward wave.
Now it’s in a resting/correction phase.
Clearing ₦7.5 could start a fresh leg higher, but dropping under ₦5.9 would signal the correction isn’t over.
6. Fundamentals (Health Check)
Profitability: modest. Return on equity is only about 3–4%.
Debt: relatively high and interest payments are heavy.
Valuation: the stock isn’t expensive at current prices.
Dividends: small, about 18% of profits are paid out, the rest is kept for growth.
In plain terms: C & I Leasing is making money but not a lot. Most profits are reinvested instead of being shared as dividends. Debt is the main risk.
7. Outlook
Short term (days–weeks): neutral to bearish unless the stock pushes above ₦7.2–₦7.5.
Medium term (months): if business results improve and buyers return, it could retest ₦8.8–₦9.6.
8. Trading Ideas
A. Breakout Trade (for momentum chasers)
Buy above: ₦7.30 (after a strong close above ₦7.25–₦7.50).
Stop loss: ₦6.20.
Targets: first ₦8.8, then ₦9.6.
B. Buy on Dip (for patient investors)
Buy near: ₦5.5–₦5.9 if support holds.
Stop loss: ₦4.90.
Targets: ₦7.5, then ₦8.8.
C. Short Trade (for speculators)
Sell if: ₦5.9 support breaks.
Entry: ₦5.7.
Stop loss: ₦6.5.
Target: ₦4.0–₦4.8.
9. Conclusion
C & I Leasing is a mid-sized Nigerian stock that has recovered well from last year’s lows but is now stuck in a range.
Bullish case: breakout above ₦7.5 could push it back toward ₦9.6.
Bearish case: breakdown below ₦5.9 may drag it toward ₦4.0.
Investor view: cautious buy on dips is possible, but debt and low profitability mean it’s not without risks
