₦airaland Forum

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

emmanuelewumi:
Let us come down to 2006 Oando public offer was almost N100, I bought Aradel in 2016 for roughly N200.

It was sold Over The Counter so the share price will be cheaper than the other one quoted on NGX .
Shareholders of the other company from 2004 till date will tell you they experienced wealth erosion in the last 20 years

If Oando returned minimum of 10% capital appreciation per annum from 2006 to 2016 the share price ought to be over N200 after 10 years and about N400 in 2024.

Unipetrol was more expensive than Nestle in 2003. I remember buying Nestle and African Petroleum now Ardova for N20 each

Aradel paid dividends consistenly in the past 20 years , compared to the other company that didn't pay for almost a decade

Mr Time and Chance play their cards too.

Oando must have over paid for ConocoPhillips in hind sight as it wrecked its cash flow.

Won’t be surprised if dividends is restored soon by Oando

Mpeace:
Minus fx gains, gtco still topped them all.
Wetin Access dey do sef. Only billion from core banking in six months.

Cc; Nairametrics.com

Further supports the need for Tony to work harder to get the market support a re-capitalization price closer to that of Zenith and GTCO

emmanuelewumi:
The key word is fair and God fearing leaders.


By the way Unipetrol now Oando was far bigger than NDEP now Aradel in 1990.

It started as a small consulting firm of geologists and geophysicists. By the way the founder has a PhD in Geology, in his early 80s and now retired .

The company did not miss dividend payments in the last 20 years

Pray he starts with paying naira dividends as promised sooner than many expect

megawealth01:
Don't worry just start with whatever you have and build your WEALTH slowly but steadily. Get a real life financial mentor possibly someone you can also get counsel from in person. You will soon be cruising in good monies

If this one on the airwaves that had no money to pay salaries at a time, this your $1 valuation may happen as Mr TIME pleases. I am moving from N170 & N400 PE analyst valuation to 50cents sef

Agbalowomeri:
Dem say Agbaje tif money

Maybe we go fit see am for N20 in November

Which kind bad wish be this

emmanuelewumi:
My account officer in a stockbroking firm was earning less than N2 million per annum in 2008, the guy called Hakeem built a portfolio of ocer N30 million, had the opportunity to buy a block of 4 flats at Agege for around N8 million from a desperate seller but he kept on buying more penny stocks, insurance stocks , private placements, High Yield Investment Schemes of Nospetco and Sefteg until he found himself at ground zero.

The stockbroking firm closed shop in 2014.

Hakeem is now a farmer, doing averagely well but still found it extremely difficult to forgive himself

I hope people don't read it as derogatory that Hakeem became a farmer. Today people are hungry because we have lot's of fertile lands that are not cultivated especially in Southern Nigeria (to feed millions of hungry people) despite high levels of employment, perhaps because people have been looking down on farming and farmers and some would rather harvest where they didn't sow instead of planting their own .