nitrogen:
I hope they wont disappoint us.

If they do wetin we go do

Agbalowomeri:

Yes 1 for 1

It is good to always dream high, I won't settle for anything less than 2 for 1 bonus from oando

phemmie06:
It is good to always dream high, I won't settle for anything less than 2 for 1 bonus from oando

2 for 1 is very possible......................as right issue.

mercylicious:
2 for 1 is very possible......................as right issue.

Tight issue what.

Michael11stock: na only BULL period i dey no be my fault say oando go declare BONUS

u are very funny. This result wil be a game changer. I hope there wil be more acqusatn now dt foreign operators are running away from the country.

Oando, the biggest indigenous upstream operator in Nigeria.....
i just said the above aloud to know how it will sound.
How abt going to the pre-melt down price?.

ANY NEWS ON ETERNA? I heard dt importatn of lubricatns into d country has been stopped. Eterna better use the news to increase their mkt share. They shld also settle with pdp as oando did.

mercylicious:


ANY NEWS ON ETERNA? I heard dt importatn of lubricatns into d country has been stopped. Eterna better use the news to increase their mkt share. They shld also settle with pdp as oando did.

Sir what will happen if they reconcile and PDP lose power to the opponent?

phemmie06:

Sir what will happen if they reconcile and PDP lose power to the opponent?

A second wit d king matters.
Till then.... but definitely not in 2015.

mercylicious:

Till then.... but definitely not in 2015.

....forward looking sentiments.

On Eterna
http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_ETERNA%20PLC._2014-07-31.pdf

passwelle: On Eterna
http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_ETERNA%20PLC._2014-07-31.pdf

Bad guys, how is this not 2ice better than oando?

Unaudited though, but EPS of 75k for H1, on a stock of c. 4.00 with only 1.3 billion OS is quite promising
All devoid of noise making, now thats Audacious!

passwelle: Unaudited though, but EPS of 75k for H1, on a stock of c. 4.00 with only [b]1.3 billion OS [/b]is quite promising
All devoid of noise making, now thats Audacious!

Free float actually 500m

passwelle: Unaudited though, but EPS of 75k for H1, on a stock of c. 4.00 with only 1.3 billion OS is quite promising
All devoid of noise making, now thats Audacious!

Please don't be carried away by the EPS only. There are more questions than answers on this report. WHY THE STEEP DECLINE IN REVENUE? Did they find a new magic in cost savings? Are they cash trapped that there were businesses they could not do? Top and Bottom lines should be considered. EPS .75K is good but does not tell the whole story.

Thanks for sharing it with us, it really helped me alot.

passwelle: On Eterna
http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_ETERNA%20PLC._2014-07-31.pdf

Please analysis of this result, can't view it from my phone

I stated some months ago, that workers salary play a vital role in returning the bullish season every last/first week of every month, likewise second and third week usher in bearish season, because no new money in the market and this will force the market down bring in bearish season, what we experience this week was as a result of this phenomenon. If you doubt me, try to monitor the match between the first/last week VERSES second/third week of every month (to some stock speculations defy this rule). I still maintains that most of the stock will go down between now and december, let us be careful with our investment and our money. (According to chibuking observational research).

Chibuking81: I stated some months ago, that workers salary play a vital role in returning the bullish green colour every last/first week of every month,.

Portfolio managers are the ones that push prices up on the last day of the month to get a better valuation for their portfolios.

@bnsitl pls 1.who are the registrars to abc transport and CILEASING?
2. PLS I pls i bought NPFMCRFBK shares with morgan capital secirities. but when i went to their registrars, City Securities Registrars Limited(CSL), they told me that they have not recieved my signature showing that i bought such shares and as such i am not eligible for dividend payment without their recieving it and that i should cantact my broker who is responsible for such( NB: i later sold only after dividend payment date). i later visited morgan capital securities and complained to them and they started telling me to fill a form and sign as well as provide passport all of which they will submit to CSL registrars, which i did and ever since then they've been delaying the process and frustrating me. pls fellow bnsitl, must i go tru all these any time i buy shares 4rm d secondry market just to get my dividend payment? Is morgan capital not supposed to send all my data in their custody to the registrars of the stock i bought? pls sombody should pls help me out of this. tnks.

Eternal Oil= Decrease in revenue but significant increase in profit . How do we reconcile this? What is our conclusion? Is it a good result? To buy?

Toluway: Eternal Oil= Decrease in revenue but significant increase in profit . How do we reconcile this? What is our conclusion? Is it a good result? To buy?

A scenario; if cileasing do away with the loss making ventures, do we record a decrease in revenue and increase in profit?

Obviously there is drastical reduction in cost of production to increase Net Profit.

Eterna Oil had subsidy related issues, with payments withheld. These might have been paid, and may be a boost to the half year numbers. I am not sure but I think similar payment boosted Mobil's figures in their H1 result. Also, not all the licenses they had to import refined products and export crude from previous years were renewed this year (not sure about the timeline for this though). or like @Agbalowomeri has stated they could have optimized business processes to increase profit margins.
It has been in the "prophecy" list repeatedly, but didnt make the top 5 of said list in its most recent release . Hopefully @myjoy08 will join the discourse shortly. The political connections (i.e Tukur of PDP, Ribadu's Guber intentions, Subsidy probe/EFCC case, and Fola Adeola's guber intention) also make this an interesting stock.
It has low OS, fairly sound management team, its quite liquid on the NSE and is in a good sector of the economy. It presently doesnt strike me as a falling knife or a moving train. Due diligence is required though.

full disclosure: I hold positions in Eterna Oil.

passwelle: Eterna Oil had subsidy related issues, with payments withheld. These might have been paid, and may be a boost to the half year numbers. I am not sure but I think similar payment boosted Mobil's figures in their H1 result. Also, not all the licenses they had to import refined products and export crude from previous years were renewed this year (not sure about the timeline for this though). or like @Agbalowomeri has stated they could have optimized business processes to increase profit margins.
It has been in the "prophecy" list repeatedly, but didnt make the top 5 of said list in its most recent release . Hopefully @myjoy08 will join the discourse shortly. The political connections (i.e Tukur of PDP, Ribadu's Guber intentions, Subsidy probe/EFCC case, and Fola Adeola's guber intention) also make this an interesting stock.
It has low OS, fairly sound management team, its quite liquid on the NSE and is in a good sector of the economy. It presently doesnt strike me as a falling knife or a moving train. Due diligence is required though.

full disclosure: I hold positions in Eterna Oil.

The stock is still a sitting target , waiting to take off very soon. Where is my margin trading facility?Meritrade!

passwelle: Eterna Oil had subsidy related issues, with payments withheld. These might have been paid, and may be a boost to the half year numbers. I am not sure but I think similar payment boosted Mobil's figures in their H1 result. Also, not all the licenses they had to import refined products and export crude from previous years were renewed this year (not sure about the timeline for this though). or like @Agbalowomeri has stated they could have optimized business processes to increase profit margins.
It has been in the "prophecy" list repeatedly, but didnt make the top 5 of said list in its most recent release . Hopefully @myjoy08 will join the discourse shortly. The political connections (i.e Tukur of PDP, Ribadu's Guber intentions, Subsidy probe/EFCC case, and Fola Adeola's guber intention) also make this an interesting stock.
It has low OS, fairly sound management team, its quite liquid on the NSE and is in a good sector of the economy. It presently doesnt strike me as a falling knife or a moving train. Due diligence is required though.

full disclosure: I hold positions in Eterna Oil.

@Stockfrik; give your broker some time. It is the normal procedure when you buy from the secondary market. You should complete a signature mandate form or transfer form. This will be sent to the CSCS for onward transmission to the Registrar. A faster alternative is to do a banker's confirmation of signature and submit with the Registrar. Your signature specimen will be scanned against all the stocks (administered by said registrar) that you CURRENTLY own. Good news is that you are entitled to any corporate action declared after you bought and provided your purchase fell within the qualification period. Just do the needful n you should get an alert. Send me recharge card when you do.

Good day house, did anybody knows ao much banks charged for bank signature confirmation?

Yem0350: Good day house, did anybody knows ao much banks charged for bank signature confirmation?

Nothing. Why should they charge?

kotlass: @Stockfrik; give your broker some time. It is the normal procedure when you buy from the secondary market. You should complete a signature mandate form or transfer form. This will be sent to the CSCS for onward transmission to the Registrar. A faster alternative is to do a banker's confirmation of signature and submit with the Registrar. Your signature specimen will be scanned against all the stocks (administered by said registrar) that you CURRENTLY own. Good news is that you are entitled to any corporate action declared after you bought and provided your purchase fell within the qualification period. Just do the needful n you should get an alert. Send me recharge card when you do.

this cud b d reason mine is nt cleard up till nw. did e-dividend sinc last yr for honyflour, courtville,transcorp, etc bt nothi till nw. na broker send dem unbehalf of me o. nw dis xplanation abov talks abt signature speciment?

Yem0350: Good day house, did anybody knows ao much banks charged for bank signature confirmation?

GTB charges N1000

Yem0350: Good day house, did anybody knows ao much banks charged for bank signature confirmation?

I paid GTB N1,800 the last time I got one from them.Don't know about other banks.

stokfrick: @bnsitl pls 1.who are the registrars to abc transport and CILEASING?
2. PLS I pls i bought NPFMCRFBK shares with morgan capital secirities. but when i went to their registrars, City Securities Registrars Limited(CSL), they told me that they have not recieved my signature showing that i bought such shares and as such i am not eligible for dividend payment without their recieving it and that i should cantact my broker who is responsible for such( NB: i later sold only after dividend payment date). i later visited morgan capital securities and complained to them and they started telling me to fill a form and sign as well as provide passport all of which they will submit to CSL registrars, which i did and ever since then they've been delaying the process and frustrating me. pls fellow bnsitl, must i go tru all these any time i buy shares 4rm d secondry market just to get my dividend payment? Is morgan capital not supposed to send all my data in their custody to the registrars of the stock i bought? pls sombody should pls help me out of this. tnks.

Were you charged by morgan for filling transfer form?