SEPLAT | Seplat Energy Plc Company Update : Seeking New Frontiers

Following the release of H1’21 unaudited results and disclosures at the Capital Market Day program, we adjust our FY’21E forecasts for SEPLAT. On the whole, we remain positive on the stock and retain a BUY rating after adjustments.


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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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