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>Nigerian Breweries Plc (NB) successfully raised N590.99 billion through a rights issue that concluded on October 11, 2024.</li><li>This capital raise was embarked upon to address the company’s substantial foreign exchange exposure in its payables and inter-company loans—key drivers of its recurring net losses—and to reduce its Naira-denominated financial liabilities.</li><li>The balance sheet restructuring exercise brightens the medium to long-term outlook for the company but heightens concerns of substantial dilution in the near term.</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>

Nigerian Breweries Plc (NB) successfully raised N590.99 billion through a rights issue that concluded on October 11, 2024.This capital raise was embarked upon to address the company’s substantial foreign exchange exposure in its payables and inter-company loans—key drivers of its recurring net losses—and to reduce its Naira-denominated financial liabilities.The balance sheet restructuring exercise brightens the medium to long-term outlook for the company but heightens concerns of substantial dilution in the near term.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.

Nigerian Breweries Plc - Journey Back to Profitability In