₦airaland Forum

mikeapollo:
The project lacks any modicum of transparency and accountability.
Anything worth doing is worth doing well.

emmanuelewumi:
I don't understand the rationale behind the Lagos Calabar coastal road, they can't finish the project in 8 years and tens of billions of Naira must have been spent.

FGN should open up infrastructural projects and developments to the private sector and Julius Berger should position themselves for this niche.

I just hope say the attack on Julius Berger is not an indirect attack on Adenuga as he is the majority shareholder

megawealth01:
The day Oando will enter #200 and above eh. Abuses go plenty for here

emmanuelewumi:
So many red flags

KarlTom:
Another one from ACCESS

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/Access_Holdings_-_SCB_Acquisition.pdf

megawealth01:
I like Wale's smoothness in speech during AGM. I look forward to it

mikeapollo:
I don't think the NAOC acquisition will play a huge role in Oando's results for Q3 2024. The deal was finalized towards the end of August, so September 2024 is the only full month that will reflect in Q3 2024.
Q4 2024 should provide a better view of the impact from NAOC acquisition.

robobo:
Which grievance am i sharing at the AGM. A management/board full of ivy league trained lawyers/accountants/ management experts does not know basic/rudimentary corporate governance practice. That would be an insult on their education.


Abeggiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii. Nextttttttttttttttttttttttttttttttttttttttttttt

Princkez:
but why didn't you sell then sir

robobo:
They are not dumb but a gun is being put to their head how much of intellect can be use in such a case

I opened my statement with lets call a spade a spade for a reason


n.b no matter how it goes i stand to make substantial gain by virtue of positioning but that doesnt mean we should not speak the truth. This is not a good corporate governance practice

Princkez:
meanwhile all offers @#62 was cleared at 2.30pm...we move

MadmaxX489:
The receivable is the power plant which Oando share of ownership has a carrying value of 193billion and they are due to receive a buyout in 2025, hence the timing for this resolution. It has nothing to do with NNPC.

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

Bizibi:
is there any other company apart from oando

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.

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.

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

emmasoft:
Watch!

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

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

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.

megawealth01:
It's probably game

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

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.

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.

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

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.

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