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.

Thematic (Sector/Industry)

Nigeria Financials / Thematic (Sector/Industry)

<ul><li>In the final two trading sessions of 2024, the MEP delivered a return of 73bps, slightly trailing the benchmark index, which posted a return of 78bps, underperforming by 5bps.</li><li>Over the full year, the MEP recorded a gain of 40.56%, outperforming the benchmark index by 291bps, as the ASI concluded the year with a return of 37.65%.</li><li>Our underperformance during the shortened week was driven by selloffs in ACCESSCORP (-3.44%), GTCO (-1.64%), and UBA (-1.59%), where we hold overweight positions.</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 the final two trading sessions of 2024, the MEP delivered a return of 73bps, slightly trailing the benchmark index, which posted a return of 78bps, underperforming by 5bps.Over the full year, the MEP recorded a gain of 40.56%, outperforming the benchmark index by 291bps, as the ASI concluded the year with a return of 37.65%.Our underperformance during the shortened week was driven by selloffs in ACCESSCORP (-3.44%), GTCO (-1.64%), and UBA (-1.59%), where we hold overweight positions.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 - 06 January 2025