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Transnational Corporation Plc (Transcorp) delivered strong top- and bottom-line performance for the half-year ended June 30, 2025, reinforcing its position as a diversified conglomerate with robust growth momentum, especially in its power and hospitality segments. Key Highlights – Group Performance (H1 2025 vs H1 2024) Metric H1 2025 H1 2024 Change Revenue ₦279.68bn ₦175.43bn +59.5% Gross Profit ₦130.92bn ₦85.48bn +53.2% Operating Profit ₦91.98bn ₦76.97bn +19.5% Profit Before Tax (PBT) ₦85.70bn ₦70.92bn +20.8% Profit After Tax (PAT) ₦65.17bn ₦52.79bn +23.4% EPS (Basic & Diluted) 408 kobo 81 kobo +404% Other Comprehensive Income ₦747m gain ₦1.54bn loss Turnaround Parent Company Performance Revenue rose by 75.5% to ₦35.82bn (from ₦20.41bn).

Custodian Investment Plc demonstrated robust financial performance in H1 2025, reinforcing its status as a leading player in Nigeria’s financial services sector. The company posted strong revenue growth, impressive profitability, and notable asset expansion.

Unilever Nigeria Plc has delivered an exceptional Q2 2025 performance, reflecting a well-executed turnaround strategy. Revenue surged by 62% year-on-year to ₦51.1 billion, while net profit skyrocketed to ₦8.85 billion , a massive leap from ₦1.08 billion in Q2 2024.

Company Overview Circle is the issuer of USDC, the world’s second-largest stablecoin. As of July 2025, USDC has: $62.3B in circulation $25.5T in cumulative on-chain transaction volume Zero depegs during market stress Circle went public in July 2025 under the ticker CRCL, after years of operating privately and disclosing financials through SEC reports.

Novo Nordisk , a global leader in diabetes and obesity treatments, is trading at a deep discount to both its historical multiples and intrinsic value. The ADR is now priced at $47.05 , reflecting a normalized P/E ratio of just 13.4× , down from a five-year average closer to 25–30×.

WH is a company that I actually took interest in a couple of months ago when I happened to stay at one of their franchise hotels. I had to leave early in the morning at like 4 and when I went out to the parking lot I was astounded that in the little town I was was absolutely full.

Metrics Used in Calculation For CBOE Global Markets, I employed two-stage models for both DCF and DDM analysis given the company's established market position with potential for different growth phases: 1. Two-Stage Discounted Cash Flow (DCF) Model Phase 1 (Years 1-10) : 8% free cash flow growth reflecting CBOE's strong market position and expanding derivatives business Phase 2 (Perpetual) : 3% growth rate aligned with long-term economic growth expectations Projects free cash flows over 10 years plus terminal value using perpetual growth model 2.

Dangote Cement Plc (DCP) continues to show solid top-line growth, strong operational margins, and industry-leading market share. The company’s H1 2025 results demonstrate strong revenue expansion (+18% YoY) and a more-than-doubling of profit before tax (₦730.0bn vs ₦293.0bn in H1 2024).

Risks Financial risk management: market risk (including currency risk and cash flow interest risk), credit risk and liquidity risk. Political decisions and other legal aspects.