If you’ve ever looked at Secure Electronic Technology Plc (NSLTECH) on the Nigerian Exchange (NGX) and wondered, “Is this stock worth my money?” — this guide is for you. I pulled data from Investing.com, TradingView, StockAnalysis, and NGX filings to give you the full picture in plain English.
Let’s start with the five most important facts.
Quick Snapshot — 5 Things You Should Know
Current Price: Trading between ₦0.88 and ₦0.96 (recent closes: ₦0.93 → ₦0.88).
52-Week Range: ₦0.45 (low) to ₦1.33 (high). Right now, the stock sits closer to the lower side.
2024 Results: Revenue was ₦4.35 billion (+24% YoY), but the company still posted a net loss of about ₦121 million.
Dividends: None at the moment — no reliable dividend history for now.
Technical Signal: TradingView traders recently spotted a bullish engulfing pattern, suggesting possible upside targets of ₦1.33 and ₦1.51 if momentum holds.
Market Data — Where the Stock Stands
Price is floating around ₦0.88–₦0.96.
Liquidity is low to moderate, meaning it doesn’t trade in huge volumes daily. Expect some days with price spikes when traders jump in.
Technical Read — What the Charts Say
Short Term: Neutral to slightly bullish — a bounce may be forming.
Medium Term: The stock is range-bound (stuck between ₦0.70–₦1.10). A break above ₦1.10 would be a bullish sign.
Long Term: Still in a recovery phase. Until the company turns profitable, it’s more of a speculative play.
Key levels to note:
Support (floor): ₦0.70–₦0.85
Resistance (ceiling): ₦0.98–₦1.10
Targets (if bullish breakout holds): ₦1.33 (first stop), ₦1.51 (second stop)
Stop Loss (safety net): ₦0.74
Fundamentals — The Business Side
Revenue Growth: Sales grew to ₦4.35bn, which is encouraging.
Profitability: Still loss-making — negative earnings mean no meaningful P/E or ROE numbers.
Dividends: None currently.
Debt/Assets: 19.16% (from 2024 audited balance sheet; liabilities ₦926.9m vs. assets ₦4.84bn)..
Takeaway: The company is growing sales but hasn’t crossed into profit yet. For long-term investors, that’s a red flag until it changes.
Trade Strategy — For Different Types of Investors
- Short-Term Swing Traders
Buy Zone: ₦0.80–₦0.88
Stop Loss: ₦0.74 (or ₦0.70 for extra safety)
Targets: ₦1.33 (first target), ₦1.51 (second target)
Tip: Keep your position small — this is a speculative small-cap stock.
2. Medium-Term Traders
Watch for a daily close above ₦0.98–₦1.10 on strong volume.
If that happens, the next run toward ₦1.33 is on the table.
If price falls below ₦0.74, expect more downside.
3. Long-Term Investors
Wait for profitability (positive EPS, stable ROE) before committing to a serious long-term hold. Right now, it’s too risky for a buy-and-hold portfolio.
Final Recommendation
For traders: A cautious “speculative buy” is possible if you use a stop at ₦0.74 and aim for ₦1.33–₦1.51. Treat it as high risk.
For investors: Sit on the sidelines until the company posts profits. Without earnings, dividends, or strong fundamentals, it’s not attractive for long-term holding.
Bottom Line: NSLTECH is showing a short-term technical bounce but remains a speculative small-cap. Great for traders looking for quick moves, but investors should wait for clearer fundamentals.
