NSLTECH
Investo's verdict, shared with you
No fair value published
The derivation ran and was refused by our own plausibility checks — so we publish no number rather than a plausible-looking one.
Why
The derivation failed our plausibility check
The computed value landed outside the 0.4×–2.5× band that real price targets occupy. A result that far from the traded price means one of our inputs is wrong, not that the market is wrong by that much — so we publish nothing rather than clamp it into range.
What we would need
- A per-share input (earnings or book value) that reconciles to the latest audited totals.
Show what the engine computed
Rejected figure · ₦2.18 — ceiling — raw base ₦2.18 is 2.79x price. This figure is shown only to document what was refused; it is not an estimate and no upside is computed from it.
Failed plausibility rail · Fair value hit our plausibility bounds: ceiling — raw base ₦2.18 is 2.79x price. The published base is the rail, not a derivation.
NSL Tech Plc (NSLTECH), which operates as Secure Electronic Technology Plc, is a loss-making NGX-listed technology services company trading at ₦0.78 against a book value per share of ₦0.64, implying a current P/B of approximately 1.21x on our derived BVPS — a modest premium to book for a company generating negative returns. With a Q1-2025 PAT loss of ₦36.4m on revenues of ₦1.04bn and a FY2024 ROE of -3.09%, the business is consuming equity without demonstrable returns, making a fundamental case for ownership difficult to construct at this stage.
Verdict published 2026-08-12 · fundamentals through H1-2025 · reviewed as the data changes
Verdict moderated to Watch — Avoid was refused
Fair value hit our plausibility bounds, so there is no defensible valuation behind an extreme call.
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.