Dragonking:
Are the feeds live?

Dragonking:

Thnak you.. i like what am seeing on the site.

Are the feeds live?

Dragonking: Is dexterax gradually offering some of his Wapic monkeys for sale.

Wapic @ N0.9

currentprice:

how many insurance listed on nse left

Elai147:

Dem no dey tell blind man say market don close.

bobfash: Great room. Lively investors. My question is that which is the best to. Do analysis on the Nigeria stock mart. Technical or fundamental?

Dexterax: @Dragonking

4dchairman:
Reference to page 4.3. Oando Plc made $1.2 billion available to OER at the rate of 4% when drawn and it also has a clause that the loan can be converted to equity,the losses incurred by OER is from such payment to OANDO Plc, why the astronomical nature of the exposure? I will say the Company has started incurring expenses without taking procession of the asset and possible revenue from the asset."On February 10, 2014, the Corporation signed a loan facility agreement with Oando PLC which included a financing fee of 4% of the amount covered by the $1.2 billion facility. The financing fee is due on repayment of the loan or conversion of the loan to equity; the Corporation also has the option to settle the financing fee in equity if the loan is converted to equity."
On loan repayment the the company negotiated favourable term of payment ,an increase of 1% in interest rate will increase payment by only $0.9m."Price risk: if the prices of crude oil decreased by 10% assuming all other variables remain constant, the impact on loss before tax from the changes in the fair value of derivative commodity contracts would be nil; and "
Most of the sales and loan deals are structured in a way it will not impact much on the company when prices of crude falls.
My question is that the loan given out by Oando Plc to OER now converted to shares belongs to whom? If the shares belong to Oando Plc ,expect some shares for every units held,the loan is from working capital of Oando Plc.

feelamong:

any way I will narrow to just 3

Wapic

AIICO

NEM.....

myjoy08: My good Family, I applaud you for your uncommon patient despite many things being said. For easy understanding, I don’t have any insurance stocks in my own portfolio presently, but I will add some of this stocks to it very very very soon. Please do your due diligence on every stock before you put your hard earned money to it because I might be wrong sometimes as human concerns. Below are the lists of Insurance sector you should take a look at…

Consolidated Hallmark Insurance
Nem
Wapic
Mutual benefit
Sovereign Insurance
Aiico
International Energy
Prestige
Continental Reinsurance.
UnityKapital Assurance

Watch them closely; they have some very important deal going on…Best of luck.

dsonofmaan:

You think Dexter is an ordinary somebody b4?

Dexter that was telling them on SMN that Unity bank fluctuates between N0.50 - N0.50003 trading sessions.

presiade: Afriprud should move north...

Dragonking:

Are you monkey hunting too

nitrogen:

Well, all you just said up there are true, but one question is this? The loan from Oando plc converted to equity, where did Oando plc get the fund? 601m dollars?? that's huge....... meanwhile, financing fee on the 601m dollars will be paid by Oando plc, that will affect their bottom-line bigtime.

Please note that only $601m has been invariably made available by Oando plc for the COP deal, it still remains $599m, how will they get that? still loans from banks? which will definitely lead to more costs to be deducted from revenue.
By the way, them Oxygen boys, #respect.

Dexterax:

Since I'm in the business of bursting bubbles, I'll advise you based on information reaching me yesterday, it's not getting to NGN 25 sef.

Sorry mehn.

4dchairman:
One certain thing is that OER has what it takes to close COP deal ,"The Corporation has secured firm commitments for all of these facilities and expects to use the proceeds from these facilities to fund the COP Acquisition and repay certain existing loans"
Oando Plc converted some of it's working capital to finance the Cop deal,this would have hampered its operation in the downstream( the extent of this will be revealed by the FY 2013 result and H1 2014 result).
As I said earlier, some of the loan are linked to the eventual completion of the deal in terms of payment "
The loan will be repaid quarterly using the proceeds of sales of the Corporation’s share of crude oil, natural gas liquids and electric power from its various operations subsequent to the completion of the COP Acquisition. As at March 31, 2014, the loan had not been drawn. " page 18.
My conclusion is that Oando is highly exposed to borrowing . In the same vein ,they are in position to make huge profit from the cop deal, a revenue projection of $900m and gross profit of $540 m. It worth the while.

dannywest: .

mercylicious: Una weldone ooo.
I've been busy for a while.
As fo oando, darkness may last for a while but joy comes in d morning. I wuld have loaded more but my money don finish. I foresee a reversal on tues.
In all, its better to be in d bus b4 d deal deal is sealed.

currentprice:

passwelle:

Dexterax:

Afo1k: www.nse.com.ng/Financial_NewsDocs/6693_UBA_CAPITAL_HALF_YEAR_JUNE_2014_FINANCIAL_STATEMENTS_JULY_2014.pdf