External broker reports(aggregated public sources), CardinalStone

CardinalStone

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.

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.

Equity Bottom-Up

<ul><li>In its 9M'24 unaudited results, Aradel Holdings Plc (ARADEL) grew topline by 29.6% YoY to $274.4 million, driven by an increase in production volumes to 18,567 barrels of oil equivalent per day (boepd) (vs. 14,306 boepd in FY'23) and higher average realised oil price.</li><li>Production traction was notably broad-based, with crude oil, gas, and refined products expanding by 37.7%, 60.6%, and 17.8%, respectively.</li><li>The volume growth was largely attributable to the successful implementation of the Alternative Crude Evacuation (ACE) system and the addition of four new wells in the Ogbele oil field (PML 14)</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>

In its 9M'24 unaudited results, Aradel Holdings Plc (ARADEL) grew topline by 29.6% YoY to $274.4 million, driven by an increase in production volumes to 18,567 barrels of oil equivalent per day (boepd) (vs. 14,306 boepd in FY'23) and higher average realised oil price.Production traction was notably broad-based, with crude oil, gas, and refined products expanding by 37.7%, 60.6%, and 17.8%, respectively.The volume growth was largely attributable to the successful implementation of the Alternative Crude Evacuation (ACE) system and the addition of four new wells in the Ogbele oil field (PML 14)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.

Aradel Holdings Plc - Strategic Investments to Drive Earnings Upside