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26.11.2020 Business & Finance

10 Teams Qualify For The Young Investors Stock Pitch Competition Finals

By Vanessa Fordjour, Pitcher (A Team)
10 Teams Qualify For The Young Investors Stock Pitch Competition Finals
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The Stock Pitch Competition being organized by the Young Investors network with the support of the Ghana Stock Exchange, UMB Stockbrokers Ltd and CITI TV has entered the finals which is set to be held on Friday, 27th November, 2020.

Young Investors stock pitch competition is the culmination of Investors skills gained and provides hands-on mentoring in financial analysis for students. Teams which consist of two to three students picked a publicly traded company listed on the Ghana stock exchange to analyze and write a pitch report on the selected company with a” buy”,” sell” or” hold” recommendation.

Experience

On Friday 20th of November, 2020, nineteen teams pitched in their selected companies. The experience was really amazing. A lot was learnt during this competition. Some students also got to challenge themselves because they had never taken part in any intellectual competition before. 19 Teams pitched in various companies listed on the Ghana Stock Exchange, more than 70% selected MTN as their choice of pitching. The competition was very competitive as the 11th position which was taken by HIJADOM missed the position by just a point.

Final pitchers

Wealth Knights, JMJ Masters, Team central, Team Excellence, TK Research, Femme Finance, Team Panaroma, The Traders, Expert Opinion, JN Financial Services INC were the teams that qualified to the finals. Wealth Knight earned the most points in the first round of the competition and we are yet to know by Friday 29th November, 2020 if they will still hold their position and be crowned the winners of the stock pitch competition. JMJ Stock Masters who missed the top spot by just 2 points are fired up to do better in the finals. Team Central, Team Excellence and TK Research in separate interactions have promised to win the finals. Femme Finance are the only female team to make it to the final stage, are ready to make the Deputy Managing Director of the Ghana Stock Exchange proud by fighting hard to win the competition dominated by men. Team Panorama and the Traders both were expecting a higher position than the 7th and 8th position therefore are going to spring a surprise in the finals. Expert Opinion were the last team to submit their work on deadline day and were very impressed with their performance.

The team to come tenth was the JN Financial Services Incorporated. They are hoping for an overturn of the table on the final day.

Prizes

1st Prize: Full Scholarship to study the Securities Courses and Shareholding in a Listed Company of choice

2nd Prize: Partial Scholarship to Study the Securities Courses and Shareholding in a Listed Company of choice

3rd Prize: Scholarship to study the Securities Courses, Basic Level and Shareholding in a Listed Company of choice

Conclusion

Young Investors Network (YIN) has been very innovative since it has encouraged young finance scholars to know the essence of investing. The stock pitch competition has unearthed the qualities in most of the young scholars and has brought about productivity despite this global pandemic.

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