dapix:



Na so o, my brother

Who been dey share Regal @0.31 abeg complete my ration. I still dey queue. E no go good o say I go sell another equity pay commission join, you come leave me hanging. There is .... o!

yMcy56:

Attached has been posted here times without number....
This is updated version.......which stipulates that all stocks, irrespective of category, required 100k single unit to move prices officially.

Thanks, Madam Mercy.

This one wey GTCO don enter N42, while Zenith still dey wonder for N34.50 so, hope say this Q1 impact, no go cause major difference between dem so.

Good aftern guys, I am yet to receive dividend for my few units of zenith bank. I sent a mail to veritas customer care on Friday and no reply till now. What to you advice i do?

Bought some UBA today @#23.50...hope its OK..

Princkez:
Bought some UBA today @#23.50...hope its OK..

Bought some units at same price with part of my Zenith dividend. I think #23.50 is a good price but it might deep lower to #21/22 region over the next few days/weeks.

Kwibaba:
Good aftern guys, I am yet to receive dividend for my few units of zenith bank. I sent a mail to veritas customer care on Friday and no reply till now. What to you advice i do?

Same here.

Transcorp Poise to Sustain Profitability

The President and Group Chief Executive Officer of Transcorp Group, Dr Owen Omogiafo, who highlighted the six strategic pillars at the group’s Q1 2024 analysts conference call, stated that the management is poised at improving & sustaining its power generating capacity, continue innovation and optimization to improve customer experience in its hospitality businesses and robust maintenance plan to ensure that its businesses operate optimally and efficiently through the year.

“Transcorp is poised to take advantage of reforms in the electricity sector and continued to deliver value for all stakeholders.

https://www.thisdaylive.com/index.php/2024/05/13/transcorp-poise-to-sustain-profitability-with-six-strategic-pillars?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%23105051+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=71043eb8ce939a781ee004f5918df06ad94def69

KarlTom:
Another good news of OandO faithfuls

Oil production officially commence at OML 13 with the first ever 6,000 barrels on 6th May, 2024. This figure should rise to 40,000 bpd by 27th May, 2024...

OandO has a 40% working interest in OML 13

I see over N300b PAT being announced soon.

BabsO2:


I see over N300b PAT being announced soon.

Haba!
Oando's 40% of the 40,000bpd would be 16,000bpd only!

mikeapollo:


Haba!
Oando's 40% of the 40,000bpd would be 16,000bpd only!

The +N300b PAT was not calculated based on this production. It's just coming soon

BabsO2:


The +N300b PAT was not calculated based on this production. It's just coming soon

Lol! Let us hope for a good result for Q1 2024;
Hopefully the loss making years are behind us and Oando will now make profits from 2024 going forward.

At USD/NGN of 1000, he might not be too far away in his estimation.

16k bpd will give 480k barrels every month.
If crude hovers around 70USD pb, that's at least USD34m per month or USD400m per year.

However there are very many deductions which could be as much as 35% of this total (royalties, non-working interest etc) ...

Also note that OML 60-63 are already churning out liquid gold
(The attached is before the computation of OML 13 output)

CAVEAT: I am not advertising OandO. Every mallam to his kettle...

mikeapollo:


Haba!
Oando's 40% of the 40,000bpd would be 16,000bpd only!

KarlTom:
At USD/NGN of 1000, he might not be too far away in his estimation.

16k bpd will give 480k barrels every month.
If crude hovers around 70USD pb, that's at least USD34m per month or USD400m per year.

However there are very many deductions which could be as much as 35% of this total (royalties, non-working interest etc) ...

Also note that OML 60-63 are already churning out liquid gold
(The attached is before the computation of OML 13 output)

You forget that production cost per barrel of crude oil in Nigeria remains one of the highest in the world at about 40$ per barrel.

KarlTom:
At USD/NGN of 1000, he might not be too far away in his estimation.

16k bpd will give 480k barrels every month.
If crude hovers around 70USD pb, that's at least USD34m per month or USD400m per year.

However there are very many deductions which could be as much as 35% of this total (royalties, non-working interest etc) ...

Also note that OML 60-63 are already churning out liquid gold
(The attached is before the computation of OML 13 output)

CAVEAT: I am not advertising OandO. Every mallam to his kettle...

Going by these figures, does it mean Oando is gradually turning around for bright prospects in the nearest future?
The company could possibly shock everyone after the prolonged setback

mikeapollo:


Going by these figures, does it mean Oando is gradually turning around for bright prospects in the nearest future?
The company could possibly shock everyone after the prolonged setback

Just for how long will these Oando propaganda continue?

Agbalowomeri:


Just for how long will these Oando propaganda continue?

''Speculation'' is legitimate and part of the game in every stocks market.
Those who align go for it, others ignore! We all cannot have the same perspective of everything in the market.
Oando or any other stocks cannot be different

.

mikeapollo:


''Speculation'' is legitimate and part of the game in every stocks market.
Those who align go for it, others ignore! We all cannot have the same perspective of everything in the market.
Oando or any other stocks cannot be different

Truth unleashed

Agbalowomeri:


Just for how long will these Oando propaganda continue?

This guy only shows once oando my bet naija stock is mentioned,lol.Make person no go hug transformer if oando disappoints. We see people way wan jump off third main land bridge because alhaji marger was suspended/cancelled

Agbalowomeri:


Just for how long will these Oando propaganda continue?

Oando case is like that of the Electricity sector in Nigeria;one step forward,two steps backward .😁😄

GTB is going to hit N60 by Q3.

Load up!

Coolcash1:
GTB is going to hit N60 by Q3.

Load up!

Make e dey go

Coolcash1:
GTB is going to hit N60 by Q3.

Load up!

Any special reason. You know you sabi follow the money. Abi is based on the q1 eps of #16.i don dey think to sell all to hold cash to re enter another stock when I see the desired pullback.
I just feel like moving to this agriculture companies with good fundamentals

Coolcash1:
GTB is going to hit N60 by Q3.

Load up!

Just like that?

UBA directors really bought the shares on friday @27+

The bulk of that cost is gulped by security

MD
I misinterpreted your point. You're very correct✅

Mpeace:
You forget that production cost per barrel of crude oil in Nigeria remains one of the highest in the world at about 40$ per barrel.

KarlTom:
The bulk of that cost is gulped by security

MD
I misinterpreted your point. You're very correct✅

Production cost in Nigeria is actually $48 per barrel. And sell at $70.
After cost of shipment, what is left for the company is just peanuts. I just wonder how these oil companies make profit. Little wonder the international oil companies are devesting.

Mind you some countries spend as low as $2 production cost per barrel.

I got 4 different dividend alert for seplat today. Asides the special and final dividend, was any other dividend declared?

debeey87:
I got 4 different dividend alert for seplat today. Asides the special and final dividend, was any other dividend declared?

Seplat has not paid dividends yet.
Full year 2023 dividend and special dividend will be paid May 29,
Q1 2024 dividend will be paid on june 14.

Maybe you had outstanding dividends that just came in.

Or them dey compensate you for today's 10% loss. I go just dey monitor my phone whether them go also pay me. Lol

Two major factors that increase cost of production
1. Type of field: Desert or deep water well.
2. Security.
Let me shock you, the highest cost of production is actually USD70 for USA

On the bolded, let me give you an excerpt that was not captured by Punch:
"Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), told lawmakers last week that oil companies operating in Nigeria gave tax authorities $48.71 as their average cost of producing crude oil per barrel in Nigeria. "

That's the reason I said security is a major factor behind the high production cost. International oil companies are leaving the sector because security payouts are gulping their resources...

Mpeace:
Production cost in Nigeria is actually $48 per barrel. And sell at $70.
After cost of shipment, what is left for the company is just peanuts. I just wonder how these oil companies make profit. Little wonder the international oil companies are devesting.

Mind you some countries spend as low as $2 production cost per barrel.

KarlTom:
Two major factors that increase cost of production
1. Type of field: Desert or deep water well.
2. Security.
Let me shock you, the highest cost of production is actually USD70 for USA

On the bolded, let me give you an excerpt that was not captured by Punch:
"Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), told lawmakers last week that oil companies operating in Nigeria gave tax authorities $48.71 as their average cost of producing crude oil per barrel in Nigeria. "

That's the reason I said security is a major factor behind the high production cost. International oil companies are leaving the sector because security payouts are gulping their resources...

$70 per barrel cost is for US shale oil. For non-shale oil, Nigeria has the highest production cost, higher than the likes of US and China (non-shale). That's alarming. How do we attract foreign investments in that sector, especially with several countries now discovering oil and gas reserves of their own? Indigenous investors have been jumping on IOCs' exit, but it hasn't translated to increased output in any meaningful way.