₦airaland Forum

opaclem:
Succinct

Oando H1 result will definitely be massive considering the resumption of the operations on those pipelines and some workover activities on NAOC assets.
Renaissance already indicated 40% increment on production on SPDC asset they acquired. I want to believe Oando will have more if they are transparent enough. I personally work on some of those fields.
Give or Take, Oando will definitely repeat last year rally in near future.

Omooloriredade:
The "major pipeline vandalism they were battling in Q1" reported by yourself a while back, is obvious in this result.

If they have now been able to achieve 34kboe which was their 2024 exit production rate in Q2, then Q2 should be much better. I assume pipelines have now been fixed. In fact, I expect 34kboe should be a base rate not target.

I could be totally wrong with this one but I'm inclined to think the tax credit might be related to reimbursement of JV infrastructure repair costs. Industry upstream GM is about 50% if I'm not mistaken so reporting a loss is very unusual.

emmanuelewumi:
Talking about dragging. A company expected to make a profit after tax of N200 billion in 2025 having 1 billion outstanding shares can drag another company in the sector that is not sure of making a profit after tax of N1 billion yet having out 5 billion outstanding shares with plans to cover more debts to equity

emmanuelewumi:
Similar factor dragged Afroil from less than N1 to about N100 because other stocks in the petroleum marketing products sold for N100 and above.

Unfortunately Afroil is dead, speculators got trapped and yet to recover their funds 17 years after

Streetinvestor2:
I am waiting to see the revaluation from the biological garden too.
What yr do you think they can hit 1 billion revenue from 68 millions presently. I dey ask for my friend

mikeapollo:
What would be the benefit or reward to the shareholders who had not received dividend for several years? Remember those shares actually belong to the shareholders, as owners of any residual rights/value in the firm, in the real sense.
In my view, it is better to first reward shareholders who had sacrificed for the company, before making moves to offer new shares to new investors or the public. That also serves as indication or evidence that the company is serious about rewarding its shareholders when opportunity arises.

ojeysky:
Looks like the 3ton to 3x gains from Ellah is going to materialise before 3ton even become operational

mikeapollo:
That Prophetutuocha should not be taken for granted when it is about Oando.
He seems to know a lot about Oando in particular.
I suspect this latest hint may be connected to the plan to raise more funds via private or public offer, debt or a combination. I may be wrong, though.
Not a buy or sell advice.
DYOR

chimex38:
@Sunrisepebble is perhaps right. It's been on the RENCAP news on nairametrics..
Someone even posted the link on this thread few days ago. About $910million in one nairametrics link and another $1.6bn in another.
https://nairametrics.com/2025/06/16/cbn-forbearance-new-rencap-report-names-banks-facing-dividend-suspension-till-2028/

ojeysky:
Ellah closed green with over 100m worth transacted, small money but considering their previous daily volume its a signal that one man's food is another man's poison. We go again tomorrow. This 3ton mill must do 3x returns at the minimum before end of the year

nosa2:
you see Ellah doing 10x in 10 years?? I see it doing 10x in 10 months

SonofElElyonRet:
Young shall grow

................................................

toyeoye:
The bell just rang! 🎯
Early movers on the pitch:
🟢 Oando leads with a 6.18% sprint
🔴 AbbeyBDS takes a tumble at -9.91%
Action is heating up...who’s holding strong, who’s slipping?

📊 Catch it all live on StockBubbles.

PharoahIII:
I'm confused on whether to go with oando, but even I know thats a big gamble, hopefully it falls very quickly and very steeply too, and perhaps that would be the best time to buy. But something tells me oando will hit 350 in 5 years

KarlTom:
UPDATE!
TOEWay
Direct: 1,462,796,256 units

https://doclib.ngxgroup.com/Financial_NewsDocs/175_Notification_Of_Share_Dealing_By_Insider_-_Tony_Elumelu,_CFR.pdf

Mpeace:
Lol. He wants hold UBA firmly. He might drive the price up in the near future

Omooloriredade:
Not explicitly stated in the report but take a listen to below interview conducted after Jan qtr result.

https://www.cnbcafrica.com/media/6369844572112/ellah-lakes-ceo-dissects-31bn-debt-to-equity-conversion-/

The revenue will continue to grow exponentially for the rest of the year. We are not talking about P/L or dividend yet o so best to stay clear if that is what you are after. Management should be grilled about the Oil mill commissioning. What is going on gan gan?

Mpeace:
Ella no go get much changes in the report. They need to only announce start of production to record movement

Sunrisepebble:
On Oando, for those invested in it, I don't see much hope in the business. I've spoken extensively to an employee, and the company’s strategy isn’t to show accounting profit — their main aim is to recover their capital and minimize the tax paid, so they’re perfectly fine declaring losses and they have a team of tax specialists dedicated to that. Last year’s profit was driven by the FX gains they declared in Q1, otherwise it would have been the losses as usual.
Could be wrong but I dont see that changing this year

Agbalowomeri:
It didn't just collapse in a day. The price had been on the decline for three years

thebargainhunte:
How did you get to know you were the first to be paid? I got mine and it was written like this "Des:NFT CHAMP BREW/CHAMP BREW DIV 1"

vacanci:
LAFARGE (WAPCO) dividend hs not landed yet..I hope am not alone here

GeeKudi:
Didn't get my WAPCO dividend yesterday! First time experiencing a delay in dividend payment. Anyone knows if there is something I should do?

KarlTom:
It was definitely a paid publication with an ulterior motive.
I believe that after the dust settles, they will demand an apology...

ndept:
The most important extract to note from the publication:

"However, having exhausted the appeal process, the Bank is willing to settle the obligation. Unfortunately, there
are significant ambiguities in the judgment resulting in difficulties in calculating the actual financial liability to the
G.Cappa and the Bank which is about N14billion from our computation based on the exchange rate as of 2005
when the incident and cause of action arose. Meanwhile the Supreme Court in the case of Anibaba v Dana Airlines
Limited delivered in January 2025 has clarified that foreign currency judgment debt must be converted to Naira
at the exchange rate obtainable at the date of judgment of the trial Court which in this case was 30 January 2018.
Even if the 2018 exchange rate supported by the Supreme Court is applied, the judgment debt will just be under
N30.7 billion payable by G.Cappa Plc (who delayed delivery of possession of the apartments from 2005 till June
2018 when possession was eventually delivered) with contribution from the Bank.

Consequently, the Bank has applied to the Court for a clarification and inquiry into the proper interpretation of the
judgment and the computation of the actual quantum properly and lawfully payable by G.Cappa and the Bank".

Amaa2019:
Good evening investors and traders, pls those that participated in last year’s right issue and public offers of bank through ngx invest website, have you been credited/allotted your shares?

Kindly assist with a response

nosa2:
My brother the situation with Ellah is different oh. Right now I am believing the numbers, and if they are true I am optimistic. However, that if is a VERY BIG IF.

Once we have confirmed the plantation...... my brother this stock will give MASSIVE returns

PETERiCHY:
Back in 2009 I bought NEM @ circa 35kobo based on NOSA recommendations and later sold @ circa #1:00k in 2010, Today it's selling @ circa #15.

The question now is those rushing into ELAH LAKES are they ready to wait for 15ys in other to get the full benefits

DeRuggedProf:
A lake will soon become a lagoon..

Man, know thyself. Know thy temperament. Know thy waiting time. Don't go to prison to bail someone and end up serving his remaining prison term...
Freedom is non negotiable...