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Nairaland Forum / Nairaland / General / Investment / Oando Posts 2014-FY And Q1-2015 Results (22646 Views)
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Oando Posts 2014-FY And Q1-2015 Results by davide470(m): 9:02pm On Oct 23, 2015 |
Oando Plc on Friday posted its long- awaited 2014 FY results, along with its Q1 2015 results. http://nairametrics.com/record-loss-oando-beats-estimates-posts-record-n183-billion-loss-in-fy-2014/ If only they waited a bit to acquire Conoco Phillips, the loss would not have been massive as this. All the hedging done by OER, the disposal of most of the downstream assets still could not increase the bottom line.. Oando Share Price closed at 9.96 (-4.23%) as at 23/10/15 8 Likes 2 Shares |
Re: Oando Posts 2014-FY And Q1-2015 Results by ElDeeVee(m): 9:08pm On Oct 23, 2015 |
Touching story |
Re: Oando Posts 2014-FY And Q1-2015 Results by SeverusSnape(m): 9:10pm On Oct 23, 2015 |
Loses every where since this Daura magician came on board. This must be a curse. ...change my foot. 81 Likes 4 Shares |
Re: Oando Posts 2014-FY And Q1-2015 Results by Nobody: 9:21pm On Oct 23, 2015 |
bad omen everywhere 9 Likes |
Re: Oando Posts 2014-FY And Q1-2015 Results by Nobody: 9:24pm On Oct 23, 2015 |
These are difficult times in the oil and gas industry. The asset impairment is caused majorly by the sharp fall in prices of crude oil. This is just a phase; Oando will surely bounce back!! 9 Likes 1 Share |
Re: Oando Posts 2014-FY And Q1-2015 Results by macaranta(m): 9:33pm On Oct 23, 2015 |
seriously....more job cuts expected . 6 Likes |
Re: Oando Posts 2014-FY And Q1-2015 Results by AYOdeji2102: 9:53pm On Oct 23, 2015 |
Ok |
Re: Oando Posts 2014-FY And Q1-2015 Results by Nobody: 9:54pm On Oct 23, 2015 |
SeverusSnape:Dude this has nothing to do with Buhari, Oando had to impair one of their asset (investment) they purchased last year due to dwindling price of oil. The nature of the losses suggest it was a huge write down on impaired assets which is not a surprise to many analysts. Investors had estimated that it could take huge impairments on the ConocoPhilips assets acquired in 2014 just about when the price of oil was at its peak before it fell by over 60% throughout 2015. 21 Likes |
Re: Oando Posts 2014-FY And Q1-2015 Results by lilprinze: 9:54pm On Oct 23, 2015 |
ever since this bad luck called buhari became president nothing good seems to be happening in this country anymore 17 Likes |
Re: Oando Posts 2014-FY And Q1-2015 Results by veraponpo(m): 9:54pm On Oct 23, 2015 |
Jonathan destroyed this country. Most of the reports of 2014 up to first quarter of 2015 were bad. The worst part was the fact that states were owing staff and federal government borrowing to pay salaries forthe first time in the history of this country. When there was civil 1967 to 1970, Awolowo did not borrow and still gave the Igbos 20 pounds each after the war. Shame on Jonathan who failed in plenty. 54 Likes 2 Shares |
Re: Oando Posts 2014-FY And Q1-2015 Results by amanze15(m): 9:55pm On Oct 23, 2015 |
SeverusSnape:haba did you even read the post? do you even know the economy of the oil and gas and EP fear God and use the internet to your strength 21 Likes 2 Shares |
Re: Oando Posts 2014-FY And Q1-2015 Results by dunkem21(m): 9:55pm On Oct 23, 2015 |
OK o .. |
Re: Oando Posts 2014-FY And Q1-2015 Results by ephsiba(m): 9:55pm On Oct 23, 2015 |
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Re: Oando Posts 2014-FY And Q1-2015 Results by cokacoola(m): 9:55pm On Oct 23, 2015 |
Just "100likes" for my birthday please Nairalanders 22 Likes |
Re: Oando Posts 2014-FY And Q1-2015 Results by macpetrus(m): 9:55pm On Oct 23, 2015 |
bad news |
Re: Oando Posts 2014-FY And Q1-2015 Results by initialize(m): 9:55pm On Oct 23, 2015 |
Not nice |
Re: Oando Posts 2014-FY And Q1-2015 Results by superior1: 9:55pm On Oct 23, 2015 |
[size=20pt]No more subsidy awuuf[/size] 7 Likes |
Re: Oando Posts 2014-FY And Q1-2015 Results by hobermener: 9:55pm On Oct 23, 2015 |
E |
Re: Oando Posts 2014-FY And Q1-2015 Results by Emekamex(m): 9:55pm On Oct 23, 2015 |
Buhari has destroyed this country. We should make 29 Likes 2 Shares
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Re: Oando Posts 2014-FY And Q1-2015 Results by hobermener: 9:55pm On Oct 23, 2015 |
T |
Re: Oando Posts 2014-FY And Q1-2015 Results by petrelli07: 9:55pm On Oct 23, 2015 |
Well..
Goodbye oil and gas sector jobs... say hello to the internet... 3 Likes |
Re: Oando Posts 2014-FY And Q1-2015 Results by Nobody: 9:56pm On Oct 23, 2015 |
Re: Oando Posts 2014-FY And Q1-2015 Results by hobermener: 9:56pm On Oct 23, 2015 |
Lol |
Re: Oando Posts 2014-FY And Q1-2015 Results by FolabiCash: 9:56pm On Oct 23, 2015 |
Maaaa. |
Re: Oando Posts 2014-FY And Q1-2015 Results by Mekky05(m): 9:56pm On Oct 23, 2015 |
Good for them ooh! Karma has its way of doing things. |
Re: Oando Posts 2014-FY And Q1-2015 Results by raumdeuter: 9:56pm On Oct 23, 2015 |
2014 result and Q1 2015 when Buhari hasnt even won elections Anyway everyone for oil industry dey lament 13 Likes 2 Shares |
Re: Oando Posts 2014-FY And Q1-2015 Results by Morhziez(m): 9:57pm On Oct 23, 2015 |
Eyaah |
Re: Oando Posts 2014-FY And Q1-2015 Results by ERONX(m): 9:57pm On Oct 23, 2015 |
From Guiness to Oando |
Re: Oando Posts 2014-FY And Q1-2015 Results by tiamiyukunle69(m): 9:57pm On Oct 23, 2015 |
I think it's between 2014 and first quarter of 2015 I don't think it has anything to do with this administration 8 Likes 4 Shares |
Re: Oando Posts 2014-FY And Q1-2015 Results by mobiss(m): 9:57pm On Oct 23, 2015 |
Hope downsizing won't be the next route, to be expenditure and operating cost. Just insinuating. 1 Like |
Re: Oando Posts 2014-FY And Q1-2015 Results by CACAWA(m): 9:57pm On Oct 23, 2015 |
SeverusSnape:lol..fools are always too quick to comment. 2014 and Q1 2015 was well during GEJ's admin... LET US THREAD THE PATH OF WISDOM BRO in our comments. 24 Likes 2 Shares |
Re: Oando Posts 2014-FY And Q1-2015 Results by Nobody: 9:58pm On Oct 23, 2015 |
SeverusSnape: Show that you read the post. 1. What year did Oando's loss start? 2. State the profit/loss made by Oando in 2014. 12 Likes |
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