₦airaland Forum

BabsO2:
Happening right now as you told us yesterday.
Have dumpers at Km40 exhausted their holdings or on their way to clear the outstanding bid or raised their exit point ?

Higher Highs and Higher lows !

All offers that showed up today cleared before close of business. N1.3b changed hands today.

Closed on full bid at N43.50.

Bagwa:
OANDO FULL BID TOMORROW SIGNING CEREMONY FOR ACQUISITION

Happening right now as you told us yesterday.
Have dumpers at Km40 exhausted their holdings or on their way to clear the outstanding bid or raised their exit point ?

Higher Highs and Higher lows !

leparj:
Just reviewed an sms from Meristem
inviting me to FBNH AGM holding on
3rd Sept.
Like FBNH dividend will be slightly
delayed.
Was expecting it this Friday(24th Aug).

FBNH posted in the first half of this month on the NGX of the AGM date change which I shared here on that date and I noted we should not be expecting dividends this Friday again.

megawealth01:
You mean Oando now has a new management without Wale?

Dey play

megawealth01:
Wale should resign

After he turned around the company for a new jack to carry go. Dey play.

megawealth01:
Na so so cross deals dey OANDO today

Same thing they did this time last week

Looks more like a strategic buyer or portfolio manager or market maker mopping up available offers.

With 11,753,208 units changing hands in 268 trades that is an average of 43,855 units per transaction. Average transaction cost at N43.3 going rate for today is N1.9 million.

OANDO is surely one of the most liquid stocks on the NGX over the last 2 years.

Picture below: Bids on queue before trade open today at 10am not yet filled on the left. And currently executed trades on the right.

mikeapollo:
Really? Did he say that? I only remember him saying almost all the revenues of Oando are now in dollars.
Kindly assist with the full statement or video if you still have it.
This is big news if it is true. An indication that Oando could be competing with Seplat in the next few years or so.

See a snap of key relevant highlights of the last AGM transcript. In the Picture below. You may want to double check it with timings on the video

https://www.youtube.com/watch?v=98wb79Zyrzc

megawealth01:
Oooh we are waiting... How much is the interim?

Transcorp
Same 10kobo that was paid for final earlier in the year dished out again today.
That is 20kobo has been earned this year for a stock that was available at N1 and below for quite a white. What a great turnaround.

naturalflow:
Chai transcorp OMA,soft dividend!But wait ooh,how is transcorp selling at 10.9,while oando that can't pay dividend in the next 20years be selling at 40?

In the last AGM Wale was proud to say he doesn't see paying Naira dividends being a biggie, once he completes the Oando turnaround for investors since earnings are in $$$'s

Bagwa:
a new development that will drive oando to 3 digit will come in few days

Three digits OANDO price will be really nice this quarter!
Pray it comes forth speedily !
What a great Turnaround we are witnessing.

ositadima1:
You didn't listen to the video he was referring to. Try listening to it at 1.5x speed (eh get why). Dangote said it will be cheaper because of global competition. My reasoning is that in Nigeria, due to limited players, companies can set prices more easily. However, in the global market, you have to compete with other companies.

Also, from the video, my deduction is that DS may not even merge this year, as some of the rice mills will be completed later this year according to him. I don't see how a merger can happen without DR starting to make revenue(same as before).

Just thinking about the bolded note and question in the context of Operations Management. Not reviewing the whole speech.
Agree some speeches are better listened to at 1.5x speed. Akin to speed reading.

Mankind2024:
Lol.
Alhaji cited the airline /Aviation sector, and the telecommunication industries as his case study. He referenced Samsung handset price in Korea and Nigeria.
"A brand of Samsung 📱handset is cheaper in Nigeria than in Korea"
"TO INCREASE COMPETITION AT INTERNATIONAL MARKET "

Internationally companies pricing strategies. An importer will most likely pay an import tariff to break-in into a local market. Hence okay sometimes to compete internationally by reducing prices through marginal increase in production volume for export. With the Local market carrying more of the fixed cost of production and the foreign market products never priced below the variable cost of production. Simple economics of production where plant capacity to produce more can be exploited and other variables support the strategy.

megawealth01:
WOW... I always have my entries for dividend paying stocks that are on my radar...

I bought most of my wapco at sub 17

Then started toppingup at sub 30 and that's where I hope it gets to before making bullish trend...

I'm really a very patient INVESTOR although I don't joke with gambling certain stocks for quick bucks that I use for real investments... (I just shared a deep secret free for those that can decode)...

The only lesson I learnt in this market was UCAP, till now I don't have a unit of it but I used to have millions of it that I bought around #2 but sold off at just 50% ROI which I divided to invest in TRANSCORP and their hotel... The transcorp family really thought me PATIENCE... I'm still holding them till date

We are watching...

Did simple analysis, Wapco looks fair. Let me see if it will continue growing as it seems it's down days are over.

I bet this will go up after release of results.

https://doclib.ngxgroup.com/Financial_NewsDocs/42037_UNITED_BANK_FOR_AFRICA_PLC-UBA_PLC_-_NOTICE_OF_DELAY_IN_PUBLISHING_2024_AUDITED_HY_FS_CORPORATE_ACTIONS_AUGUST_2024.pdf

NOTICE OF DELAY IN PUBLISHING 2024 AUDITED HALF YEAR FINANCIAL STATEMENTS

The Audited Financial Statements will be published upon receipt of the CBN’s approval.

Accordingly, no Director, person discharging managerial responsibility, employee with sensitive information, adviser, and consultant of the Bank and their connected persons may directly or indirectly deal in the Securities (Shares and Bonds) of the Bank during the Closed Period

Mankind2024:
If you had watched one of the recent video clips of Alhaji Dangote, you would have picked up on a point where he emphasized his readiness to export cement. He has already built an export terminal in Lagos for this purpose. He also hinted to Nigerians that the export price of cement might be lower than domestic prices. This point underscores the reason Emperor Femi Otedola cited for investing billions of Naira in acquiring shares of Dangote Cement.

Interesting. Why will export price be lower than domestic price for Dangote Cement.?
Perhaps due to further economics of scale by producing more units with the same fixed overheads. Perhaps not. Perhaps ripping off of the local market. Perhaps a mix of both.

megawealth01:
We plenty oooooo... I'm equally waiting to do top up at 30 or sub

I took profit somewhere and loaded WAPCO at N37.x this week. I took the decision to buy at whatever price just to get some units and see how it goes over the next twelve months.

undead:
My collegue Abdul-'Alim confirm market open, dont sell Oando, buy Oando.

Oando swinging to bid on market open.

yMcy56:
I'll ignore this.
You're entitled to your opinion.
You can at least see me referred to some pages of the FS.
If what you said is my approach to the market and stocks, my inability to follow herds mentality and trying to interprete in my own little way without depending on any Ogas interpretation for me; has worked in the past AND it's working perfectly well for me, I think I'll rather stick to it.
Thanks.
You guys can't just stand healthy oppossion and debates.

You are adding lots of value here. Best to ignore such low opinion from the ITK's. Peter Lynch with his simple approaches beat many who claim to know so much with his record of 5 baggers, 10 baggers etc.

Investment has both quantitative and qualitative aspects. You are definitely far above average in the quantitative approaches of FA and TA. And excellent in the qualitative approaches (which also support FA & TA decision making) with your narrations which makes this thread lively and valuable.

Bagwa:
in process

Thanks

emmanuelewumi:
That is why in this business one should be forward thinking and be able to predict with 80% accuracy the next move by management

Predict UBA capital raise will not be less than N25 whenever it comes. That dividend will not go less than N2.80 but will likely go up.

For turnarounds like Oando there are no firm (80% accuracy) predictions. High risk - High rewards. For those who entered earlier they currently have less risk with high rewards

emmanuelewumi:
They will be doing it for the banks who technically own the company at its current state

Each person with his bet. The beauty of the market .

Mr Time will do his thing.

mikeapollo:
No one should be scared even if Oando wants to delist. The least that they will have to pay to each shareholder is N49 per share if they decide to delist within the next 6 months.. And if they deliver good results by that time, the price may even go higher than that.

The con I hear from those flagging it is, delisting card may be off the table, that Wale can play other cards around cash injection if he wants to remain extremely greedy and squeeze out common shareholders . Time will tell .

emmanuelewumi:
That was what I could get on Oando website
Kindly send the screenshot of where we have the asset, liability and equity of the business

Here is the unaudited 2023 statement of financial position

emmanuelewumi:
The most recent result for 2022 June had Operating profit of N35 billion but Finance cost was N40 billion .

Ideally finance cost should not exceed 25% of the operating profit.

You are looking at old report
The last report was unaudited 2023 full year with operating profit of N214 billion and PAT of N74 billion.

thebargainhunte:
AGIP acquisition has not been factored in, it will definitely bloat the liabilities, but again, the sale of O and O assets to NNPCL will definitely help to reduce the liabilities. I am hopefully that things will get better from next year. I doubt O and O will recapitalise for now. The assets will definitely take care of the liabilities in a long run.

In the last AGM Wale was very proud, telling shareholders that he has turned around their company.
In another 6 to 7 weeks the bet will be clearer.

mikeapollo:
The rule of technical suspension during public/rights offer does not apply anymore. Go check the banks that are currently doing new subscription/rights offer. Their share prices are still moving up/down on the NGX. For instance, Zenith price closed today at N37.85 on NGX but their current offer price is N36.50k
Same will happen if Oando should do any new offer/rights issue.

Again, do you know the price at which the new/rights offer will be made? What if the price is N50 or N70? Cant I sell and make profit at that time?

In another 6 to 7 weeks the bet will be clearer

emmanuelewumi:
I won't advice you to make it a long term play until the picture is clearer, enjoy the capital appreciation and remember to book profit.

The company will be recapitalized and i won't be surprised if the current holders will own 5% of the recapitalized business

Check out the shareholders fund @ almost negative N200 billion

The argument in bold is similar to saying DANGSUGAR will be recapitalized due to negative shareholders funds of N64 billion reported in 2024Q2, Haba. When the company can easily generate money to make the SHF positive in a short while.

NGX has records of companies turning around negative shareholder funds from profit generated from operations without any cash injection from investors. The keyword is a turnaround and the catalyst for it being in place.

.

Oando may resume upward movement tomorrow or next tomorrow and close the week flat.

yMcy56:
My observations as well....
What's happening in the stock looks intentional and some asset managers might be involved here, there's the need to get their fill.....
I just don't want to talk much on this OANDO again.....make e no be say na only me dey here.
Na siddon look I dey now....😊

What happens when buying budget is exhausted. The price will fall down gradually. It's happened before. The only thing that can keep price up is release of good annual report. For now OANDO is a betting game on the NSE with potential high rewards. And like all bets a risk of loss of capital.

OANDO

By 11:45 am 840 transactions already executed, exchanging 20 million shares using N736 million
Health liquidity.
Stockbrokers should be enjoying transactions fees on Oando
Accumulation going on steadily and quietly by strategic buyer(s) with bid size 0.
Looks like offers are just being cleared quietly to maximize volume acquired with perhaps the purchase budget.

https://doclib.ngxgroup.com/Financial_NewsDocs/42020_FBN_HOLDINGS_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_AUGUST_2024.pdf

FBNH AGM rescheduled from 22nd August to 3rd September. That means dividend will not be paid as earlier proposed for 23rd August