Transnational Corporation Of Nigeria
Following the release of its Q1’22 numbers, we revise our FY’22 earnings forecast to N24.87 billion (vs N22.70 billion previously). This new projection hinges on expected improvement in generating capacity, cost optimization, and improved cash generation. Thus, we raise our 12- month target price to N1.36 and retain our BUY rating on the counter.
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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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