₦airaland Forum

Ding

Raider76:
This scenario crossed my mind yesterday. There will be huge conspiracy theories if they try pulling that out.

Take something, not everything for operational efficiency

Tpharell:
If you believe the minister has a switch in his office that he can flip to achieve that, then yes!

If Oando produces 100,000 b/d oil for JV it’s share of production is only 40%. I think the minister is talking JV and not Oando’s 40%

If Oando reports 25 b/d as its production. Then it means it’s doing about 63 b/ d for the country at the moment

ProphetUtuocha:
Food for thought:
Between the hastily formed 'Renaissance group' and the legendary Oando, which company is more qualified to manage the SPDC's assets?

https://www.reuters.com/markets/deals/nigeria-rejects-shells-13-billion-oil-asset-sale-thisday-reports-2024-10-16/

Watch out as things unfold!

Sure, the legend has more experience. Better assets near the legend or of good value be given to them for operational efficiency. How can renaissance from no where just come collect everything. Why is food for thought. Make the legend ramp up net cash flow and profits from ops and come out with positive net assets in financial statements first joor. And top it up with resumption of dividends payment.

Xidget:
I don't think it has dropped to #738 yet. Last 100kunits deal I saw was #772

Why are they buying in 80kunits tho

Looks like the sellers are not selling up to 100k units but at lower amounts. Perhaps so as not to drag the price down. Or what else could be happening?

Sunrisepebble:
I’m patiently waiting for it at 600 to re-enter. Hopefully before results

Even though it is currently on full offer. Heavy mop up is ongoing. It will be interesting to see resistance and bounce back up price.

KarlTom:
I bought on NASD @260

Is this the after split price equivalent?

GeeKudi:
Might be going all the way down to N500

Looks like a fairer price in this market right now.

yMcy56:
According to Pa Emma's analysis on ARADEL, it's still a good stock...
Only try to watch out for likely bottom if interested....
What is presently happening in market may be connected to some negative info/news, OR some Ogas trying to depress the price to be able to enter cheaply OR, NGX is trying to find fair value for the share price, Or maybe taking profit to enter another cheaper one or too renter cheaply......
Many likely ifs and reasons actually....

The way Aradel has risen this year in NASD, thanks to Sunrisepebble that gave us live insight, there will be many that will want to take profit. And are not ready to wait and take further risk for future growth and dividends that is currently priced into the share price.

mikeapollo:
Aradel and Seplat's prices will surely have some ''contagion effect'' on Oando.
All that is required is for Oando to post some decent profit for HY2024 when results come out on Oct 23rd.

Aah a week to go. Not that far

ProphetUtuocha:
Soon folks will realize that which they were excited about is not the anointed one even as the real deal stares them in the face.

Abi O. Na so.

yMcy56:
Its that big Oga with offer @840 that came to scare people
Creating liquidity I guess.
The noise before listing was just too much 😁

* He has removed it again.....the single offer was over 5M....
* Let him remove it and allow the stock climb small at least ... He and one or two others with huge volumes...

What a hefty profit take or is it dump for immediate cash on hand

emmanuelewumi:
Better to buy GtB or Zenith.
Wetin I Sabi?

Na board of directors sabi pass common shareholders.
However understand those looking backwards at Tony/UBA will pay relative premium for Zenith or GTB. But looking at current deve, with UCAP and other Tony connected companies as well as current UBA numbers will see UBA as a good buy at current prices.

leparj:
6M naira into Zenith shares or into FGN Bonds at 18.085% interest per annum for 3 yrs and reinvesting every coupon payment into Zenith Bank Shares?
Or buying UBA shares?
Which is the smartest move?
Ogas in the house guide me. Especially Oga Emma.
Final DD as always is mine and I won't come here one day to say anyone made me lose my money.

Buying more UBA looks like a smart move to me as I don’t see the mandatory capital raising exercise going less than N30. It should not be too far from that of Zenith.

KarlTom:
TRANSPOWER

https://doclib.ngxgroup.com/Financial_NewsDocs/42322_TRANSCORP_POWER_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

Why the sad face. The result is excellent. Transcorp will automatically get 51.6% of the profits based on its ownership of Transpower . Those MHing Transcorp with Jijo will be hiding now

KarlTom:
I also read the Thisday article and I smiled... masssive PR

For context, they are referring to this article of 01 November 2011:
https://www.forbesafrica.com/focus/2011/11/01/plucky-young-eaglet-soared-outrageous-fortune/

My 2018 Oando Annual report. Been in for a while.
Unrelenting Drive from the King of African Oil .

godlyguy:
I will be happy if they get it right this time just that I don't want them to MH but to be honest in their dealings. I want Oando to succeed but they should come out clean

Good to read this. I am fully aligned with your thoughts here !

godlyguy:
They have started their oando MH this time with all tactics. Aradel or Seplat are no mate to oando. OANDO should release their financials first then we will judge their demigod sincerity henceforth until then it pure MH.

Warning. If you drag me I will frustrate you

Oando owns a big onshore oil terminal now. The Brass Terminal. Oando is poised to be the biggest Nigerian IOC

Pray they release excellent financial statements in the next 14 working days

designking:
Oando is heading to ₦50 which is a good entry price.

Looks like a N70 support has formed. Currently trading at N69 and resisting any sharp drop. Perhaps bounce up coming. .

Ellahlakes reversed yesterday's drop. Moved from N4.40 of yesterday to N4.70-4.75 in the market right now. Was watching for a 4.00 entry today .

Pulled back towards N4.40-4.50 by 11:25 hrs

yMcy56:
Make una no vex o......but can you guys just take these Naira/PMS discussions to the appropriate thread on NL before the politics guys invade here.

Let's stick to the purpose of this thread pls.
The discussion is becoming unending. Haba!!

Looking at Nigeria banks (especially ETI) I could deduce exchange rate used for 2024Q1 was about N1303 and for Q2 was about N1488.

Discussion on the direction of the Naira is useful here for fundamental thinking. Some of the pro and cons arguments were worth reading!.

Looking at this this news https://nairametrics.com/2024/10/10/naira-closes-at-n1625-13-in-ie-window-amid-market-turnover-decline/ and the way the naira is currently exchanged +1600, 2024Q3 may record further shareholder asset valuation gains for banks with net dollar assets and drags for those with net dollar liabilities. Wish the exchange rate stays within that of 2024Q2 of less that 1500

Ding

Raider76:
I understand one of their venture capital investors is planning to sell off when they list on the NGX. Those VCs are good at knowing when to sell out. May be wise to look at them.

Venture Capitalists look for high risk and high reward investments. Not the FA's, PE, PEG etc numbers.
They'll need to recover their money with HUGE profits while looking for the next prospective goldmine venture that may not be listed on any exchange

Sunrisepebble:
Yes. How I wish I could share their business plan here. The reason why I am super bullish long run is because of that deal to acquire Shells assets. The amount of gas reserves is huge and gas is still majorly untapped in Nigeria. The Refinery will also start producing petrol hopefully in Q4 and LPG. They’re also about to complete acquisition for a new tank farm. Like I said, me I’ve made good money, enough where I can decide not to trade for years, I’ll be exiting shortly. But those that have a long term view it is a really great company

Their website is rich with info. For those already in the boat like you, good to take good profits while still holding massive quantities of shares
Their story is an excellent Nigerian Entrepreneurial journey.

megawealth01:
I understand your jokes but truth is this is public space and all opinions must be respected

I am eyeing more ELLAHLAKES
Their website entrepreneurial aspirational stories are so sweet.
Perhaps too many negative opinions cluttered the way to spotting this potential hidden Nigerian entrepreneurial gem.
The sale post stockbrokers visit was an opportunity to load big.

megawealth01:
I have SEPLAT and OANDO that I bought at giveaway prices long ago. The truth is the truth regardless

Entrepreneurship has its challenges. Nigeria needs more entrepreneurs. Wale is doing his bit excellently. He was wounded with ConocoPhillips in hindsight and he has turned around the company for shareholders (quoting his words at the last AGM)

Abeg take profit, sell the Oando and buy more Seplat or Aradel and not need to bother with Wale this and that, truth and untruth biko

megawealth01:
As I have always said and maintained WALE is the only ish of Oando. If he can genuinely repent or stay away and let a good team manage Oando, that COY will do wonders but I doubt if he will do any of the above.

Just look at the recent games he is playing. May miracles happen for Oando

Abeg go and buy Aradel and SEPLAT and leave Wale's company alone. Abeg leave Oando my +50 cents play alone and stop bad mouthing

Aradel and SEPLAT are there for you to pick biko.

Sunrisepebble:
I honestly cannot advise to buy now. If you have a long term view of the stock then sure go for it but if you’re looking to make quick money my opinion of the stock has moved to neutral/cautious

May be an excellent long term play indeed.

Sunrisepebble:
I tend to agree. I had plans of holding the stock till NGX but if I can get #1k (20k) per share then why am I still holding on to the stock when I have more than 4x? I feel a lot of people will have the same opinion if it reaches that #1,000. It is now overvalued

Thank you.

emmanuelewumi:
It is okay for a growth stock.

Which EPS are you using for Oando. PE.

Remember Geregu, Transcorp Hotel and others have PE of about 30

It’s a turnaround with no PE for now. Rather there are various valuation numbers on NSEMPA from N0 to $1

emmanuelewumi:
Forward PE is roughly 15.


Made PAT of N104 billion in H1, assuming it will make N208 billion for the full year

That will give about N47 EPS

A PE of 15 implies an investment yield of 6%
Many shareholders would rather take profit than buy more.

MH for overpriced Aradel