The Managing Director and Business Officer of Optimus by Afrinvest, Ayodeji Ebo, has said the success of the recent banks’ public offers and their recapitalisation efforts will hinge on their effectiveness in attracting foreign investors.
Ebo made this remark while speaking at the Nairametrics industry outlook webinar with the theme, ‘Banking Public Offers: Buy, Sell, or Hold?’ which was held on Saturday.
According to him, foreign investors will be pivotal to the success of the current public offers by the financial institutions.
He noted that many of the investors would be drawn to the offers due to the narrow gap between the public offer prices and the market prices, making the investment particularly attractive to them.
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“Foreign investors will play a major role in the success of the current public offers.
“They will also be investors that banks would have to get to ensure that the offers and recapitalisation are successful.
“The banks have long-term prospects and it’s an opportunity for these investors to want to key in,” Ebo said.
Speaking further, Ebo emphasised that prospective investors should carefully consider several factors before investing in a bank’s public offer.
He explained that simply purchasing shares because they appear attractive is insufficient; investors must also conduct thorough due diligence.
According to him, this includes assessing the bank’s current performance, reviewing its past dividend yields, and other critical metrics.
Ebo also highlighted the importance of continuously monitoring the bank’s quarterly performance after investing to evaluate how the bank is progressing.
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