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Seplat Energy Plc’s H1 2025 performance presents a mixed but strategically revealing picture. Despite a significant jump in production volumes and topline revenue, profitability has been heavily weighed down by cost pressures and elevated taxes.

Peter Lynch Valuation Based on the formula: Earnings growth rate × TTM EPS, ValueInvesting.io estimates a fair value of $9.09, with 122% upside from recent trading ($4.10 on June 13) . Note this method may overstate value in a cyclical royalty trust like MARPS, but still highlights a potentially significant gap.

This narrative is a clone of the one written on July 7th for Alphabet’s secondary listing, GOOG. Summary Google trades at ~18× forward earnings; the cheapest among the Magnificent 7 Market is too focused on AI threats to Search and antitrust noise Meanwhile, Google is executing across AI, Cloud, and YouTube Key AI differentiator: unmatched distribution across 3B+ users via Search, Gmail, YouTube, Android, Chrome, and Cloud Quietly building a world-class AI infrastructure behind the scenes; including proprietary TPUs and a vertically integrated stack YouTube generated $8.93B in Q1 ad revenue (up 10% YoY); subscriptions hit 270M Google Cloud revenue up 28% YoY to $12.3B; now profitable Optionality from long-term bets like Waymo, DeepMind, and Verily Risk/reward is compelling; a strong candidate to beat the market long term Overview Despite being part of the "Magnificent Seven," Google’s stock lags due to perceived risks around disruption of its Search business from AI competitors and mounting antitrust concerns.

Summary Google trades at ~18× forward earnings; the cheapest among the Magnificent 7 Market is too focused on AI threats to Search and antitrust noise Meanwhile, Google is executing across AI, Cloud, and YouTube Key AI differentiator: unmatched distribution across 3B+ users via Search, Gmail, YouTube, Android, Chrome, and Cloud Quietly building a world-class AI infrastructure behind the scenes; including proprietary TPUs and a vertically integrated stack YouTube generated $8.93B in Q1 ad revenue (up 10% YoY); subscriptions hit 270M Google Cloud revenue up 28% YoY to $12.3B; now profitable Optionality from long-term bets like Waymo, DeepMind, and Verily Risk/reward is compelling; a strong candidate to beat the market long term Overview Despite being part of the "Magnificent Seven," Google’s stock lags due to perceived risks around disruption of its Search business from AI competitors and mounting antitrust concerns. But under the hood, Google has quietly built one of the most compelling setups in tech: with deep AI leadership, multiple high-growth businesses, and optionality from long-term moonshots like Waymo.

Industrial & Medical Gases Nigeria Plc (IMGN) has published its unaudited financial results for the half year ended June 30, 2025, reflecting mixed performance indicators and raising questions about margin sustainability and profit trajectory. Key Highlights and Performance Metrics ✅ Strengths Revenue Growth: IMGN recorded a 19% YoY growth in revenue for H1 2025, increasing from ₦3.65bn in H1 2024 to ₦4.33bn.

Livestock Feeds Plc reported a 62% decline in profit after tax in H1 2025 compared to H1 2024, driven by a steep rise in finance costs and a weaker net margin, despite solid revenue growth. The company's cost of borrowing and high leverage have significantly eroded operating profits.

Vitafoam Nigeria Plc has demonstrated strong financial resilience in the first 9 months of FY 2025, with a notable turnaround from losses in FY 2024 to robust profitability. The company’s strategic positioning in Nigeria’s growing consumer durables sector, alongside improved margins, cost efficiency, and a strengthened balance sheet, supports a positive investment outlook.

United Capital Plc has delivered a strong performance in H1 2025, with significant year-on-year growth in earnings and total comprehensive income, despite a modest decline in asset base. The firm demonstrates excellent profitability, robust fee and commission income growth, and prudent cost management, making it a compelling pick for investors seeking exposure to the financial services sector.

Johnson Outdoors delivered little in the way of material positive or negative surprises in Q2 2025. Progress on cost-out was modest after adjusting for non-underlying items, and the company needs to work harder on expense savings.