External broker reports(aggregated public sources), CardinalStone

CardinalStone

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

Thematic (Sector/Industry)

<ul><li>Last week, the local bourse ended the week on a bullish note, with the NGXASI gaining 2.36% WoW to reach 246,992.44 points.</li><li>Meanwhile, the MEP gained 2.63% WoW, outperforming the market’s benchmark by 27bps.</li><li>The stronger weekly MEP performance allowed for a YtD print of 65.95%, 723bps ahead of the ASI’s 58.72% return.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Last week, the local bourse ended the week on a bullish note, with the NGXASI gaining 2.36% WoW to reach 246,992.44 points.Meanwhile, the MEP gained 2.63% WoW, outperforming the market’s benchmark by 27bps.The stronger weekly MEP performance allowed for a YtD print of 65.95%, 723bps ahead of the ASI’s 58.72% return.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research - Model Equity Portfolio - 07 September 2026

Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Equity Bottom-Up

<ul><li>In this edition: • Unilever | agreement on combination of Unilever Foods and McCormick • Dutch February retail sales | up 1.3% YoY in value, up 0.6% in volume terms</li></ul>

In this edition: • Unilever | agreement on combination of Unilever Foods and McCormick • Dutch February retail sales | up 1.3% YoY in value, up 0.6% in volume terms

What's News in Amsterdam - 1 April (Unilever | Dutch February retail sales)

<ul><li>In this edition: • Unilever | nearing an agreement to merge its food division with McCormick • Universal Music Group | announces EUR 500m share buyback program • Dutch CPI | up at 2.7% in March based on the flash estimate</li></ul>

In this edition: • Unilever | nearing an agreement to merge its food division with McCormick • Universal Music Group | announces EUR 500m share buyback program • Dutch CPI | up at 2.7% in March based on the flash estimate

What's News in Amsterdam - 31 March (Unilever | Universal Music Group | Dutch CPI)

<ul><li>In this edition: • Unilever | confirms talks with McCormick, yet is this the best route for an exit of Food?</li></ul>

In this edition: • Unilever | confirms talks with McCormick, yet is this the best route for an exit of Food?

What's News in Amsterdam - 23 March (Unilever)

<ul><li>In this edition: • InPost | 4Q25 results impacted by growing pains in the UK • Unilever | said to be exploring spin-off of food business</li></ul>

In this edition: • InPost | 4Q25 results impacted by growing pains in the UK • Unilever | said to be exploring spin-off of food business

What's News in Amsterdam - 18 March (InPost | Unilever)

Nigeria

Unilever Nigeria Plc manufactures and markets consumer products primarily in the home, personal care and foods categories. The Company sells products such as Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.

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Unilever Nigeria (UNILEVER NL)

CardinalStone Research - Model Equity Portfolio - 07 September 2026

Last week, the local bourse ended the week on a bullish note, with the NGXASI gaining 2.36% WoW to reach 246,992.44 points.Meanwhile, the MEP...

CardinalStone

What's News in Amsterdam - 1 April (Unilever | Dutch February retail sales)

In this edition: • Unilever | agreement on combination of Unilever Foods and McCormick • Dutch February retail sales | up 1.3% YoY in value, up...

The IDEA!

What's News in Amsterdam - 31 March (Unilever | Universal Music Group | Dutch CPI)

In this edition: • Unilever | nearing an agreement to merge its food division with McCormick • Universal Music Group | announces EUR 500m share...

The IDEA!

What's News in Amsterdam - 23 March (Unilever)

In this edition: • Unilever | confirms talks with McCormick, yet is this the best route for an exit of Food?

The IDEA!

What's News in Amsterdam - 18 March (InPost | Unilever)

In this edition: • InPost | 4Q25 results impacted by growing pains in the UK • Unilever | said to be exploring spin-off of food business

The IDEA!

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