Ding!

Locotrader:
My oga,na your slogan I dey follow now.

You are no more dragging oga position with cp again

Laso09:


You are no more dragging oga position with cp again

Drag what nah.
Oga is oga.
Boy fit see road pass oga.
Cp na my Boss ooo

Locotrader:


No mercy for any underperformed stock now.
I must exit by all means this morning.
Journey mercies to those who believe in the future of oando.

What Alhaji did has taught me a new lesson in stock trading.
I can only deal on the present results and situations in stocks not tomorrow's situation

I no dey sell... we must see the end of this matter

Zagee:


Please give me a page. I might have missed out.

Page 91 & 92 of the just released 2022FY Going Concern statement.

SonofElElyonRet:


I no dey sell... we must see the end of this matter

It's on full offer at the moment with maximum price drop. No buyers.

The end of the matter should be clearer before the end of this year.

Today's Top Volume Trades

Pages 10&11

Zagee:


Please give me a page. I might have missed out.

Dangcem
Dangsugar
Nascon
Seplat

If you are in anyof the above, and you need money urgently...

Just be patient as its not comming soon.

Just know that we are together
We are all stuck.

I remain confident that Oando will deliver 400% this year.
Abeg, those who want to jump out should hasten up to enable us cherrypick. I dey kampe!

Revisit our 2024 prophesies. Everything said then have been on track.

Even the current development with the Dangote companies was predicted. Why then are folks gnashing their teeth as if they were not warned.

In due time, Oando will deliver ensuring 100% fulfillment of the prophesies! No shaking!

Prophet don kill me.😂

ProphetUtuocha:
Revisit our 2024 prophesies. Everything said then have been on track.

Even the current development with the Dangote companies was predicted. Why then are folks gnashing their teeth as if they were not warned.

In due time, Oando will deliver ensuring 100% fulfillment of the prophesies! No shaking!

ProphetUtuocha:
Revisit our 2024 prophesies. Everything said then have been on track.

Even the current development with the Dangote companies was predicted. Why then are folks gnashing their teeth as if they were not warned.

In due time, Oando will deliver ensuring 100% fulfillment of the prophesies! No shaking!

I will report this Prophet to Odumeje. Seems his boy missed too many classes.
On a more serious note, I need to know who dey do juju for WAT...

BabsO2:


Page 91 & 92 of the just released 2022FY Going Concern statement.

First off, lovely literature.
Secondly, its not different from the travails of the Nigerian economy as pertaining to the O&G sector of which bulaba seems to be solving with the use of TanTita and what not. I'm sure they can ride on the back of the president to scale the envisaged bond.

Talk of shares issuance not yet concrete, some positives. Revenues are peaking, wars are ongoing, summer is coming and oh beautiful winter is again on the horizon. All these are giving me a pointer to an increase in oilprice ($100 but not likley) benchmark, which the US might prefer instead of upticking the interest rate?(US folks should tell us)

I'd like to see 23FY as to what degree the oil prices have helped them.

Cc KarlTom

Heishere:


baba you never give us oxygen for this year o

in d making....

it not useful for anyone now until the price collapse finish.

no rushing, we are making money the year/next

patient is the key

Zagee:


First off, lovely literature.
Secondly, its not different from the travails of the Nigerian economy as pertaining to the O&G sector of which bulaba seems to be solving with the use of TanTita and what not. I'm sure they can ride on the back of the president to scale the envisaged bond.

Talk of shares issuance not yet concrete, some positives. Revenues are peaking, wars are ongoing, summer is coming and oh beautiful winter is again on the horizon. All these are giving me a pointer to an increase in oilprice ($100 but not likley) benchmark, which the US will prefer instead of upticking the interest rate.

I'd like to see 23FY as to what degree the oil prices have helped them.

Cc KarlTom

It will be good to see what forex gains or losses are declared in 2023 where material exchange rates jumped. We are already in Q2 and should be looking out to see their bond issue. Only wahala is NGN interest rates currently at peak thereby making bond funding very expensive. They may be forced to proceed with equity funding through private placement.

.

BabsO2:


It will be good to see what forex gains or losses are declared in 2023 where material exchange rates jumped. We are already in Q2 and should be looking out to see their bond issue. Only wahala is NGN interest rates currently at peak thereby making bond funding very expensive. They may be forced to proceed with equity funding through private placement.

Yap. Q2 already here. If they intend to raise, then they should have seen possible financiers.

Good morning everyone


Please can someone help me with what gtco declared as dividend please

Saw it on Naira metrics N.60k

Thanks

Mpeace:
Dangcem
Dangsugar
Nascon
Seplat

If you are in anyof the above, and you need money urgently...

Just be patient as its not comming soon.

Just know that we are together
We are all stuck.

True, but it's still strange why the market maker has refused to purchase 100k units at least to take the stock to an equilibrium where their will be offer and bid available, or they don't want the price to go lower from the current??

yMcy56:
OANDO
There are few things I noticed:
- Those badmouthing are most likely waiting to pick at bargain price.....
- If we look closely at the result, the revenue made was huge.....
- FX chop much into the revenue
- Shareholding structure as at Dec 2022 was 73% on the part of the company and Ocean and Oil......ONLY 3 individuals/Coy owns this %
- Opportunity for Wale to accumulate more....
- We've been told that 2022 wasn't that fantastic before now...
- Just few weeks ago, Loco was in the bus but by today, he wasn't again .......So, if you're no longer in the bus, why taking panodol for others headache?

Insult me if you like, na wetin I noticed so far be that....
- Let the game begin.....

Your observations are legit.!
I also noticed the jump in Oando total revenue in FY2022, even though those revenues were mostly denominated in naira. One can therefore imagine the potential impact of future revenues that are mostly denominated in USD (as Wale said during the AGM) which would help to hedge against FX losses on foreign currency denominated loans and payables.
I just hope they use the USD800m facility from the Africa EXIM Bank to pay off all loans from the commercial banks.

Our permutations ultimately hinge on Wale's intentions as well as the integrity of the Court and SEC

Bukkydudu:
Good morning everyone


Please can someone help me with what gtco declared as dividend please

Saw it on Naira metrics N.60k

Thanks

2.80 I think. 0.60 is Fidelity

Bukkydudu:
Good morning everyone


Please can someone help me with what gtco declared as dividend please

Saw it on Naira metrics N.60k

Thanks

N2.70 declared to be paid 9th of May

Have you considered that due to the debt incurred, they may have sold or tied down the crude in contracts at prices less than the current oil price I.e. 50 - 55 dollars? My opinion, be optimistic, but plan for the worst. Note, I am also invested in the stock.

Zagee:


First off, lovely literature.
Secondly, its not different from the travails of the Nigerian economy as pertaining to the O&G sector of which bulaba seems to be solving with the use of TanTita and what not. I'm sure they can ride on the back of the president to scale the envisaged bond.

Talk of shares issuance not yet concrete, some positives. Revenues are peaking, wars are ongoing, summer is coming and oh beautiful winter is again on the horizon. All these are giving me a pointer to an increase in oilprice ($100 but not likley) benchmark, which the US might prefer instead of upticking the interest rate?(US folks should tell us)

I'd like to see 23FY as to what degree the oil prices have helped them.

Cc KarlTom

BabsO2:


N2.70 declared to be paid 9th of May

Thanks

mikeapollo:


Your observations are legit.!
I also noticed the jump in Oando total revenue in FY2022, even though those revenues were mostly denominated in naira. One can therefore imagine the potential impact of future revenues that are mostly denominated in USD (as Wale said during the AGM) which would help to hedge against FX losses on foreign currency denominated loans and payables.
I just hope they use the USD800m facility from the Africa EXIM Bank to pay off all loans from the commercial banks.

Our permutations ultimately hinge on Wale's intentions as well as the integrity of the Court and SEC

That will be great if the funding is not limited to acquisition of participating interest of the NAOC assets and may help change the going concern narrative in 2023 FY

BabsO2:


It's on full offer at the moment with maximum price drop. No buyers.

The end of the matter should be clearer before the end of this year.

My mind is prepared for any outcome

Jaakay:
Have you considered that due to the debt incurred, they may have sold or tied down the crude in contracts at prices less than the current oil price I.e. 50 - 55 dollars? My opinion, be optimistic, but plan for the worst. Note, I am also invested in the stock.

Personally, a worst case scenario for me is, if they go private. They are not ready to liquidate as stated in their report.

Ucap dividend just entered.

currentprice:


in d making....

it not useful for anyone now until the price collapse finish.

no rushing, we are making money the year/next

patient is the key

We trust your government...

I'm not a fan of lenghty reports but I will try and summarize.

Let me refer you to page 12 of the Annual Report, you'll find this paragraph:

"OML 56, OML 13 and OML 60-63 are currently the crude oil and
gas producing assets while Oando PLC engages in supply and
trading of crude, refined and unrefined petroleum products.
These entities account for 100% of Group revenue recognized
being N1,994 billion for the year ended 31 December 2022 (2021:
N804.8 billion)."

That's a revenue increase of 248%

Recall that in September, 2023, OandO Energy Resources (OER) bought 100% of ENI's interest in Nigeria Agip Oil Company.
This transaction does several things:
1. It DOUBLES OER stake in OML 60-63 (formerly 20%, now 40%). OML 60-63 are the few OER assets that are currently in PRODUCTION stage.
2. Oando’s total reserves (based on 2021 reserves estimates) stand at 503.3MMboe and the transaction will deliver a 98% increase.
3. It grows Oando’s exploration asset portfolio through the acquisition of a 90% interest in OPL 282 and 48% interest in OPL 135.

I strongly believe that 2023 FY will be better...

Zagee:


First off, lovely literature.
Secondly, its not different from the travails of the Nigerian economy as pertaining to the O&G sector of which bulaba seems to be solving with the use of TanTita and what not. I'm sure they can ride on the back of the president to scale the envisaged bond.

Talk of shares issuance not yet concrete, some positives. Revenues are peaking, wars are ongoing, summer is coming and oh beautiful winter is again on the horizon. All these are giving me a pointer to an increase in oilprice ($100 but not likley) benchmark, which the US might prefer instead of upticking the interest rate?(US folks should tell us)

I'd like to see 23FY as to what degree the oil prices have helped them.

Cc KarlTom

One Great Grand story I am going to release here shortly will clear all doubts that indeed the market is not for everyone...