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Stephen
19.4K posts
Stephen
@ScFidelis
Business | Money | Stocks |Wealth-building through markets| Breaking down money moves|
Lagos, Nigeria Inscrit le Kasım 2010
762 Abonnements15.4K Abonnés
Stephen retweeté
@ScFidelis Exactly my position. It is the Q1 2026 that will give a clearer picture of the new Aradel, not the 2025 full year.
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@oyeolsakin11538 @ScFidelis Correction - you’re right, just seen the indenture and it’s a re-opening so the price most probably won’t be at par and the yield will be closer to the present yield to maturity, and not the nominal coupon rate.
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@Thingummy_Fire This effectively means the 2025 P&L will not fully reflect the Group's (Aradel & its subsidiary) earnings power. Clock that.
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@ScFidelis Actually the acquisition was officially executed on 31 December, 2025. Aradel’s year end balance sheet will expand to reflect the newly acquired assets, however ND western operational revenue will only begin to appear in the q1 2026 top line
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A few things you may have ignored:
1, The reason we are even talking of Renaisance - to consolidate or not - is due to Aradel's additional 40% acquisition in ND Western Ltd (in Dec 2025).
2, This additional stake in ND Western did 2 things:
Rufybaba@Rufyb
While we patiently wait for Aradel's audited numbers, the valuation of the coy will depend on whether they consolidate Renaissance's numbers or if they adopt a simple accounting approach. Ordinarily, the method used shouldn't matter. Here is what I mean...
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@ScFidelis Also how they will raise it without diluting value for existing shareholders
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