₦airaland Forum

Raider76:
Please is Oando the only company required to have their FS vetted by the FRC? Or are they just doing it to give some sense of regulatory approval to the results? Two weeks is certainly not enough time to vet the results of such a large company as Oando, especially going by the time the CBN takes to vet banks' results.

The vetting of result by FRCN arise during the Alhaji Mangal saga. ( I am trying to lay hand on the official statement from Oando ). What i don't know is if the process will continue in perpetuity.

KarlTom:
This makes for a good read (14years later).
Sadly, we're still facing same issues...

https://www.knightofdelta.com/p/corporate-misgovernance-and-management

@emmanuelewumi

This has Oando written all over it.

FreeStuffsNG:
Wow!!
From SEC now to CBN! This is back to back plum jobs.

Congratulations sir.

He is a consummate professional.

ositadima1:
The way some people think genuinely surprises me. With all the bashing of Ellah, some were saying it would drop to ₦3 or even ₦1, haba. A few comments were clearly coming from a place of hate and bile, without any attempt to hide it. Statements like “Ellah Lake holders will be executed”, lol , are completely unnecessary.

We really need to calm down. There are many ways to determine value; it doesn’t have to be only your method. Yes, the capital raise failed, okay. That’s not the end of the company, nor does it automatically mean the end of their proposed acquisition.

It almost feels like some people would physically drag Ellah down if they had the power, just to prove they were right.

For the record, I don’t own a single share of Ellah. I just don’t see it as a bad bet yet. They still have possible paths to win.

Thanks for reading.

Welcome back Sir.

Peterichy is having a field day.

" Thou shall not criticize Japaul gold. "

Flangelo12:
The importers would sue and win some compensation.

I was referring to the law on citizenship by birth.

Cyberterror:
I am more concerned about the Supreme Court verdict on citizenship by Birth that the Trump administration is arguing against. If the court sides with Trump, it means people like Davido, Banky W and others born in the US will lose their American citizenship.

The law will not apply retroactively.

Great100000:
Which is the best Generation according to you?

Football in its purest form began its descent from the second generation.

emmanuelewumi:
It was reluctantly listed.

Listing was part of the agreement for them to settle the issues they had with FGN..


Because they were repatriating profit to South Africa might also be another reason why they are highly leveraged.

Lafarge Africa was in Nigeria for about 60 years, but never invest heavily in Nigeria busy repatriating profit to France now they are playing catch up with Dangote Cement and BUA cement who are younger than Lafarge in the industry.


Same with Mobil Oil, Total Energy (down stream), they enjoyed subsidy windfall from 1993 to 2023, but never had a reserve which they could use to build a refinery in Nigeria, with the coming of Dangote Refinery and end of fuel subsidy, they will struggle for survival and profitability

I always admire your insight on matters, whether i support it or not.

yMcy56:
VFDGROUP
I learnt the bonus have been added to qualified individual's CSCS Account...
Do check to confirm this (I haven't confirm it myself) and instruct your stockbroker to move it to your Trading

This information is correct.

Igodo: The Land Of The Living Dead ( 1999 )

DeRuggedProf:
Not the edible BUA.

You are indeed a professor.

Abagworo:
Cynthia Erivo is bigger than most of these artists and she's Nigerian from Mbaise

She is an exceptional artiste. Her rendition of i'm here is one of my all time favorite.

Agbalowomeri:
He is just joking. The next support is @12

From frying pan to fire

Picky1:
Please has UPDCREIT released their results for YE 2024?
Did they declare any dividends...I appreciate any response.
Thank you all

1. Audited result released

2. No distribution announced so far

Sagacity10:
Thank you for making our childhood so filled with wonderful films and great memories.
I can't forget "The Senator" 1 & 2 Produced and directed by Teco Benson. Izakaba, Igodo etc

In my opinion, one of the greatest movie to ever come out of Nollywood

deeway200:
I felt like going to the stadium to beat them for the useless delaying tactics

The referee was irritated by their delay tactics. Even when there was a foul play against them, the referee ignored it. He was my man of the match

GanagiBitrus:
Lookman is good. 👌
Quite a while I've seen such a complete & enterprising player in S/Eagles shirt.

Impressive. 👍

He understands both the defensive and offensive side of the game.

I also admire Ola Aina, make good use of the ball when transitioning from defense. Very good footballer

T

Protein0:
Those around him didn't keep quiet too. I just buzzed someone who had known him for almost 2 decades, a NLer too. A lot was done! Nobody can stop death. I know it's all grieving,

@greggng, is grieving. You know that feeling when you wish, if only i could say get well soon, or how can i help?

Condolences to his family.

GboyegaD:
Maria, you don't have to respond. It is energy draining when you attend to mentions that are not worthy. Whether you respond or not, it wouldn't change their beliefs, so don't bother.

Succinct.

onegentleguy:
https://www.worldbank.org/en/news/press-release/2024/06/13/supporting-nigeria-homegrown-reforms-new-world-bank-financing-for-inclusive-growth-and-revenue-diversification

A smart investor will look out for sectors, and by extension, coys that are well positioned to benefit from these funds.
$2.25B is truly a lot of money, although we already know that a sizable proportion of it may not get to the real sector, no thanks to our leaders and policy makers.

...a few already on my mind.
It's a TD approach to investing.

It is well

Part of it i assume is going for the "urgent purchase of new aircraft for the president and his vice," what a unique country!

Georgeduke84:
The woman even had to promise him 4M just for her life to be saved but yet those two fools kept playing draft with the devil

She is the only sane person in that vehicle.

BullBearMkt:
Ha! That one na hopeville remain o! (apology to people that coined the hilarious word)
On a serious note, if you still trust the company, there is support around 24.30. IF that failed, then 19.55, then all-time-low

Thank you.

I may just have to cut my loss.

Good Day @ bullbearmkt,

Please at what price would you recommend Nigerian Breweries?

Thanks

BabsO2:
Delisting aside. Also finance costs aside Oando needs to show operations with stronger margins. The 2022FY conveyed an extremely high revenue as revenue jumped from N805b to N1,993 billion. A rise of 148%. But cost of sales jumped up at a faster rate of 151% and nearly wiped out the whole revenue. Oando achieved a 4% Gross profit in 2022. While Seplat had a gross profit of 49% in 2022. Gross profit is before any finance cost is deducted. The Gross Profit is unusually low in the last two annual reports released.

This is a very good observation. Seplat show a full disclosure of what make up it cost of sales, i am still looking for what make up the cost of sales of N1.9 trillion for Oando.

Transcorp, what a roller coaster!!!

yMcy56:
We don't know yet.
They paid N7 ,the delisting letter says N7.70, so let's wait and hear from them on how they'll handle it at the Court Ordered meeting.

Thanks.

yMcy56:
UBN
NOTICE OF DELISTING
Finally, Union Bank is leaving NGX after more than a year with confusion ...

https://doclib.ngxgroup.com/Financial_NewsDocs/NOTICE_OF_DELISTING_OF_UBN_SHARES.pdf

Good Day Madam,

Does it mean they will pay an additional 70 kobo?

May God almighty be with Timi Dakolo!

Artistry in its purest form.

OBAGADAFFI:
I think TITAN has paid the N7 to qualified shareholders.

They paid Nov/Dec last year.

Since Ike is no longer in the house, my vote goes to "miss bandwagon."