₦airaland Forum

robobo:
But Oando own all these related parties either directly or indirectly. In most (if not all) the companies Oando own 100% so what debt is being settled with shares? are these so called debt not suppose to be intercompany which is in and out and of no effect upon consolidation

Ojt don come with mago mago again

Maybe not mago mago but giving something back to long suffering shareholders. As he cannot deliver dividends right now he wants to share some other guddies perhaps

Bizibi:
is there any other company apart from oando

Total follow join and companies that have bought some Shell assets. Plus Shell through some assets not yet sold.

Bizibi:
This is not related to stock but I really want to know if companies in oil and gas sector exports natural gas in Nigeria.

Nigeria exports natural gas as LNG from Bonny NLNG that is supplied natural gas by many companies of which Oando is a supplier

Omooloriredade:
Q3 is coming up. Hopefully we see the NAOC acquisition effect in full force. I believe this is the market expectation. Deal completed within the quarter, so it should be included.

I'm not sure why a lot here were waiting so eagerly for the audited 2023 results. Were they expecting a marked improvement from the unaudited one?

The good thing is that audited 2023, Q1 and Q2 have been released and they were .......erm! The market sent the price from N90 to N60.
N55 to N60 seems to be a floor until the next FA event (the release of Q3 result). IF the NAOC acquisition reflects positively, I am (as do many here) inclined to think the SP will go on a run. Ah! I don't know o.

Could Aradel drop today be related to an entity dropping Aradel to enter Oando. Maybe unrelated.

megawealth01:
Fear well ooooo. Las las na only Wale go win this game. Nobody should quote me ooooo

A time to take and a time to give back. Time to give back to shareholders I bet. And so it has been from the lows of single digit price with the buyout thrown out the window.

I hope Ellah lakes with the pigs rearing will benefit from this Brazilian investment.

https://www.msn.com/en-us/money/companies/brazilian-meatpacker-jbs-agrees-to-invest-2-5-billion-in-nigeria-build-six-factories/ar-AA1uwNrJ?ocid=BingNewsSerp

SAO PAULO (Reuters) - Brazilian meatpacker JBS said on Thursday it has signed a memorandum of understanding with Nigeria's government for a $2.5 billion investment plan in the African country, including the building of six new factories.

In a statement, JBS said three of the factories would deal in poultry, two in beef and one in pork.

emmasoft:
Watch!

On which GoTv channel is this?

Yemy3m:
.get oando now that it s available .this is huge

Today's price action and for the rest of the year will reveal what's up.

megawealth01:
Help with the link. I'm interested in the news

Don’t have the link. Let’s ask AI to find one for us. Something should be on the internet.

mikeapollo:
The inflation rate is a key factor that affects interest rate.
Currently, I think inflation rate is higher than interest rate, so the citizens are still ''subsidizing'' the govt. so to speak.
Interest rate will continue to rise for as long as the rate of inflation is still higher.

I read an article that concludes excessive interest rate in two digits is a scam. And I agree with the thinking. Perhaps soon a bold economist will postulate the max range for effective monetary policy rate. Beyond which other controls will be needed. Excessive inflation is often associated with excessive government creation of money from thin air for government to spend instead of cutting expenses to income. Thereby robbing those that have saved money in that currency.

megawealth01:
It's probably game

Trading, sell to take has been nipped for now. Let’s see if the price will fall below N25

chimex38:
sorry i mean less than $500 Not naira₦

Now sounds better. Was thinking where I dey, that I should have bought at least 1000 units.

sky2891:
At the early hours of trading today. I saw single volumes at N25.50 in batches of 50m and 20m units repeatedly which were not in queue.

Who is and why the dumping?
At this rate taking up the rights is unattractive.

chimex38:
you may be right.
Last I remember,
around 2012-2013, it was about ₦500 or less per 1BTC.
still not easy to get 1million.

But now you can't easily afford 0.5BTC not to talk of 1BTC.

You mean it was as cheap as N500 in 2012-13. Some will really be very very rich in it by now

Zagee:
https://businessday.ng/pro/article/investors-park-cash-in-t-bills-over-real-economy/

This headline makes me wonder: "are the FG equally reinvesting the coup on another monetary investment?", cuz where's the workings on ground

Excessive interest rate is simply a ponzi that helps no government / economy.

I think in economics there needs to be a cap on interest rate beyond which it self destructs the economy. I think anything above 20% is in the destructive range for monetary policy . Ideally it shouldn’t exceed single digit. Once 9% is reached other restrictive policies are needed. But current CBN governor calls that unorthodox polices

sky2891:
I believe so too.
I wonder what he might be upto.
I look forward to a more disruptive game after this rights; especially during the N350bn capitalisation.

N5 billion already changed hands today and the price has been dragged down to N25. Making taking the rights no more attractive / possible for sell to take.

The offer on the floor is also so large despite the high volume already traded. What’s happening

Zagee:
Ah. These numbers are stupendous oh!!
That person can afford(not buy) a Rolls-royce ghost 2 series for a start.
Abeg make we no reason that kain money

I don’t think bit coins was ever that cheap to make getting 1 million of it that easy. That kind money go fit buy jet sef.

Raider76:
This makes sense. However, not sure it's worth the hassle. Assuming you sell at 27 and buy at 25 for just about 5% margin, and you wait forever to be allocated.

The margin pass 5% but e no reach 10%. It’s long term things. Better than nothing

Raider76:
Someone doesn't want FBNH to cross above N27 yet.

Looks like more are coming out to sell in order to take up their rights. Sold some last week at N27.6 Thought by now it will be N28, only to see 26 right now. Abeg make the major buyer resume buying operations.

Mpeace:
q3 results expected

It better come out well to help the price stay comfortably in three digits before year end and throughout the coming year

Bagwa:
Very soon , I will quote this 6th Dec 😁

What’s happening by then ?

ProphetUtuocha:
Those who've ignored the beautiful one
Will soon feverishly run after her

Mark this!

When it crosses 3 digits, some will start asking is it okay to buy at N1xy

Abeg not a buy or sell mandate o

megawealth01:
E be like we go start another round of Oando discuss today as Proph don show? Let's be a little civil this time around because Oando discuss always leads to VAWULENCE

Some will make 0 figures or loss sef. And some will make 10 digit profits. And some in between. Na so. No wahala

yMcy56:
GTCO Vs. STANBIC
Now trading at same price range.....
We see what the next move looks like......

OANDO, do this accumulations/consolidations fast and let's enter fast lane abeg.....

Waiting for the bus to enter fast lane

GeeKudi:
Please, does anyone know what is going on with African Prudentials, the registrar for TRANSCORP? All the units of TRANSCORP I had before the reconstruction is missing. I keep sending messages without any satisfactory response

You most likely have more than one broker. Have you checked your various stockbroker CSCS statements?

KarlTom:
DIV payment won't prove the bolded as much as a massive reduction in outstanding loans and borrowings...

My bet is on 2025 for DIV

True. Massive reduction in outstanding loans especially the relatively more expensive ones is better than dividend payments . As it will make them grow eps faster and come out of negative equity faster.

Mpeace:
They can just chip im small dividend like geregu. N8 or somthimg like that

50 kobo or N1 doable out of 2024 EPS that stood at N5.04 in H1, to demonstrate their recovery is on course and to appease shareholders that asked the question last year at the AGM

2024 EPS should be greater than N10

robobo:
This is the good side to it if it can be pulled off.

Whether retail pick it up or the deep pockets i think it shouldn't matter.

They are all being pulled off. Fat cats will just get unduly fatter in the process as they are buying and diluting heavy volumes of the shares at great discounts.

peperempe:
Uncle T and his gang know what they are doing. Don't forget that he said he will use all his interim dividend to buy the RI. In my opinion, he and his gang would wish small shareholders don't claim their rights so that he and his gang can accumulate more.

The capital raise is a forced one by CBN. I hail uncle T. He has safeguarded shareholders from undue dilution from a low priced offer as best as he can.

yMcy56:
I think the N35 price for RI is a little bit high....
I was expecting something like btw 25 and 28, this way he would have easily achieve the target....
Defending is an uphill task.

All the fund they're now using to defend the share price could have gone into the recapitalization itself.
They sure know what's there for the bank anyway....

Current book value per share for UBA has already crossed N100 per share. The N35 rights price is about a third of book value per share - a give away price as a result of the way shareholders selling shares anyhow not knowing its value. Deep pockets will just grab whatever rights are not taken. More bullion vans are needed by MM to push the market price above N35.


Disclosure: I am bullish on UBA. Loaded more in the last six months at N23

nosa2:
Please what is CIPS?

Comprehensive Income Per Share
Note: for shareholders o.

jonnysessy:
That stingy back will in no distant time outshine UBA that is manipulating their share price for right issues. Let's see how they will sustain it.

Please compare the two book values per share for common NGX shareholder and you will see UBA is a far ahead. Already ahead of GTCO but behind Zenith. UBA is also ahead in EPS and CIPS.