₦airaland Forum

Streetinvestor2:
like seriously. I thought you have issues with wale and will not go near oando like some of my ogas here.it is obvious all you want is the price to come down within your range so that you can buy,lol...No further comment

bovali:
Difference is that Oando actually has revenue we can see. There’s no revenue on Japaul

bovali:
That’s my whole point. Cause even if you inject 3 trillion today, they will still find a way to make loss. It’s mind boggling

bovali:
I swear lmao. Until that thing closes above 16 Naira, all this one is just story. Even the first link he used as reference, oando was 14.6 Naira in September 2023. Today it’s is 15 Naira. Almost one year after. Abeggi

The difference between me and you is that I have no emotional attachment to any stock. Show your workings. My history is here in this thread. You cannot put words into my mouth. I am extremely objective. Let Oando close above 16 Naira first. Till then, it will continue moving sideways. See my trades from last quarter. I exited at 15 and entered other stocks that are now rallying as you can see from the portfolio I posted, while oando has not moved once

lolly24000:
Money needed urgently for this 2014 Tokunbo GX460


Clean and sharp

Absolutely nothing to fix.... just buy and enjoy your money

Price: 35m


Location is Arepo after ojodu Berger Lagos

08065920855

DM for details: 08065920855

What’s the mileage?

sky2891:
https://doclib.ngxgroup.com/Financial_NewsDocs/41618_OANDO_PLC-OANDO_PLC_-_PRESS_RELEASE__CORPORATE_ACTIONS_JULY_2024.pdf

OANDO PLC ANNOUNCES A DELAY IN THE PUBLICATION OF ITS 2023 AUDITED
FINANCIAL STATEMENTS

No statements till September. Stock will be in limbo till then. Good luck to the gamblers, we will rejoin you at 9-10 Naira. Looking forward to how the market reacts tomorrow, particularly JSE

Payunsin:
[some here believe Oando is dead yet iitd still acquired Agip assets. It is like an impotent person impregnating a woman.
I am in the bus, the story go soon clear
uote author=Bagwa post=130780372]Oando at 100

https://nairametrics.com/2024/07/03/nuprc-announces-the-completion-of-oando-nigeria-agip-oil-company-acquisition-deal/

Acquisition that’s been priced in since

Lexzokomo:
Hi Bovali good evening, hope you are fine? wanted to ask a question again, is it possible to get a high leverage but trade smaller lots, sorry to bother you

Simple answer: yes. And don’t worry, you’re not bothering me. All of us are constantly learning.

Imagine you have money to buy 10 chocolates. Your friend offers to lend you enough money to buy up to 100 chocolates. This means you have high leverage.

High Leverage:

• You can borrow a lot of money to trade more chocolates.

Smaller Lots:

• Even though you have the option to buy up to 100 chocolates (because of high leverage), you can choose to trade smaller lots, like 10 or 20 chocolates.

So, you have a choice:

• You can use the high leverage to buy a large number of chocolates, like 100.
• Or, you can decide to buy smaller amounts, like 10 or 20 chocolates, even though you have the ability to buy more.

This means you are using the high leverage to have the option to trade big, but you are choosing to trade smaller amounts.

In summary:

• High leverage gives you the power to trade large amounts.
• You can still decide to trade smaller lots, even with high leverage.


Side note: if you’re referring to forex trading, that why they give you the option to set your leverage ratio. Default is usually 500:1. If you’re referring to structured leverage (investment banking), you can apply for let’s say 20m leverage and get it approved but you only get charged for what you drawdown(actually use).

Lexzokomo:
Thank you very much for the response Bovali, a question again, is the lot size same as leverage

No, leverage in simple terms is debt.
Now, imagine you want to buy 100 chocolates, but you only have enough money for 10 chocolates. Your friend offers to lend you the money to buy the remaining 90 chocolates. This is called "leverage."

Leverage means borrowing money to trade more chocolates than you could with just your own money. So, with leverage:

If you have money for 10 chocolates and your friend lends you enough to buy 100 chocolates, you are using leverage to trade more chocolates.
In summary:

Lot size is the number of chocolates you trade at once.
Leverage is borrowing money to trade more chocolates than you could with just your own money.

Also to add, that's why you get charged for holding positions overnight that were bought using leverage

yMcy56:
NO!
That's Cornerstone right?
- I doubt if it's equally allowed for insurance to pay dividends from FX gains...
* HOWEVER some of these insurance companies are now performing better unlike before. Some making additional revenues from subsidiaries and investment incomes.

CORNERST for instance has been improving over the years......came out of zero div payment, paid 4k in 2021 fye, 10k in 2022 fye (at least no known FX gains then), and now paying 16k for 2023 fye..... that's +60% increase in dividend payout for the last FY.

This is a good development I Blvd.
I think aparty towards the sector as well as past experiences of some investors are still responsible for the unpopularity.

I also noticed a lot of them are mostly making investment income and are moving into the asset management space. Thanks for the clarification

vacanci:
I always read but never ever understand. Could it be that most of your write-ups are for some people who u mentor outside exclusively on the art of understanding such?

Me i am not just understanding.

Maybe you need a book reviewer to help us.

make i buy or sell or hold and at what time frame. na the kind thing wey i dey understand easily be this.

This is what he said in simple terms. OGG please correct me if i assumed any incorrectly:
Analyzing Trends and Using Tools:

Look at how prices have moved in the past and where they have temporarily stopped and then continued in the same direction (retracement zones).
Use the Dynamic Financial Trend System (DFTS) to analyze these trends effectively.
You'll see that the point you mentioned (WTF - Watch This Factor) is also showing a trend direction.
Use indicators like the Stochastic Oscillator or the Williams %R (W%R) to measure the speed and strength of price movements and get hints about future prices.
Another method to study price patterns, called wave analysis, can also give you clues.
When doing technical analysis (TA), explore different parts of the chart to understand it better.

Price Predictions:

The part in italics indicates strong evidence (Price Volume Analysis - PVA) showing that the price of the stock DS will probably not reach N32-33.
The likelihood of this happening has decreased recently (referring to the WTF and PVA).
That price range is not a strong support level (a level where the price typically stops falling).
It’s not a key level (KL) or a psychological level (PSL) either.

Unlikely Scenarios:

For the price to reach that range, something significant must happen in a different timeframe (Multiple Time Frame - MTF).
This would change the company’s long-term structure.
The only way the price will drop that much is if the company has a very bad financial report for the second quarter or half-year (Q2/H1) or if there’s a negative event in the sector.

Opportunities and Risks:

With the stock DS, some people will see an opportunity to invest and benefit greatly over time.
Others might panic and sell, only to regret it later.

Produced by OGG Translator

Lexzokomo:
boss good afternoon, trust you are good? please what is the 0.01 on the diagram below just on top of the orange arrow, from meta trader5

That is know as a lot size. Imagine you have a big box of chocolates. When you want to sell or buy chocolates with your friends, you don't just trade one piece at a time. Instead, you agree to trade a group of chocolates all at once, like a bundle of 10 chocolates.

In trading, a "lot size" is like that bundle of chocolates. It's a way of grouping things together so you don't trade just one thing at a time. For example:

Standard Lot: This is like trading 100,000 chocolates all at once. It's a big bundle.
Mini Lot: This is like trading 10,000 chocolates. It's a smaller bundle than a standard lot.
Micro Lot: This is like trading 1,000 chocolates. Even smaller.
Nano Lot: This is like trading 100 chocolates. The smallest bundle.
When traders talk about lot sizes, they're talking about how many units of something they are trading all at once. It makes it easier to manage and understand how much is being traded. So that 0.01 is like a nano lot

yMcy56:
CORNERST
https://doclib.ngxgroup.com/Financial_NewsDocs/41593_CORNERSTONE_INSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2024.pdf

In another News:

https://doclib.ngxgroup.com/Financial_NewsDocs/41589_AIRTEL_AFRICA_PLC-TOTAL_VOTING_RIGHTS_AND_CAPITAL_ANNOUNCEMENT_CORPORATE_ACTIONS_JULY_2024.pdf

https://www.thisdaylive.com/index.php/2024/07/02/discos-raise-revenue-by-n42-4bn-after-230-hike-in-tariff-for-premium-customers/

https://thenationonlineng.net/totalenergies-to-acquire-60-stake-in-sao-tome-and-principe-asset

I’m guessing unlike banks, insurance can pay dividends from FX gain, correct? Although it’s mostly cash and bonds as at dec 23

This is very reassuring for me:
https://x.com/thetope_ajayi/status/1807872149517947069?s=46&t=S-fB0C8yRxjxeCDpRFi4rw

Omooloriredade:
Ok, I see you point. You don't consider revenue from rental income worthy of mention which is fair enough. However, note that that has always been their business model. They started out leasing equipment to the O&G industry - barges, tug boats etc. Then they added sand dredging and leasing of dredgers. A few years ago, they veered into the quarry business and have now recently shifted focus to solid minerals mining.

Recently, they announced a private placement to a foreign investor at N2.50 which is awaiting regulatory approval. I reckon it's the reason the share price has been trading sideways for sometime now. I guess the market is awaiting the finalisation or confirmation of that deal and the forward plan.

Please note that I'm not placing a BUY on Japaul just providing my own commentary. I expect everyone to do their own DD.

I understand, but for rental income to increase you need more equipment to rent out. I didn’t see where they bought more PPE for this. So what are the prospects for revenue improvement? What is their path to profitability? If the private placement goes well, from current prices that’s a 25% return to 2.5 but if it doesn’t go well and it drops to 1 Naira that’s a 50% loss. From a risk to reward perspective, I wouldn’t come near it

Agbalowomeri:
This your strategy is a risky one. I don tell you make u come make I be your protector

Let me explain what I mean by rebalancing. So last quarter I got into oando end of q1 and that was my best return (40%) so I sold to buy things that are yet to move up which you can see in my current portfolio. But if at the end of q3, any of them are above 40% and there are some that are still stagnant and haven’t moved, I would sell that 40% to buy more of the stagnant one (that is after I do dd to ensure I still maintain the same view on the stock). And if I’m rebalancing at the end of q3 and see that stocks like oando retraced back to 10-11, I will buy again. Truth is, opportunities will always come so I don’t have any attachment to any stock

Mankind2024:
@Bovali, you're doing remarkably well! To avoid situations where your kids may ask you questions that you can't answer, I suggest you consider adding the Mag7 or S&P 500 NYSE to your portfolio. This would mitigate the constant forex losses in NGX and possibly beat future devaluation of Naira and ravaging global inflation.

I have an exposure of 90k usd in the S&P 500 index. I split my assets 60/40 between Naira and dollar. So everytime I get some funds I just convert to usd and add to the s&p500. There’s an options model I use to help time entries better and it’s been 85% accurate so far

Omo

Streetinvestor2:
What are you seeing in ailco with the Os.I am expecting reconstruction thr

In my opinion, it’s managed very efficiently, similar to gtb. If they do reconstruction I’ll be happy, although I don’t think it’s needed at this time. Their PE is very low compared to peers, they make bastard revenue and their net profit is more than its market cap with a Q1’24 eps of 24 kobo. I’m also expecting some dividends (5%) in less than one month of holding. I can go on and on but you get the gist

emmanuelewumi:
Very good , must have taken you about 5 to 10 years to build this portfolio.


What was the total dividend earned by the portfolio in 2023,?

Everything there was bought last month. Just did rebalancing for q3. Once q3 is ending I will rebalance again

Streetinvestor2:
This moniker na woman. If true I salute you

I believe women in finance have more money than our male counterparts in Nigeria cause men don't let us spend our own money. Even the car I'm driving, no be me buy am

Streetinvestor2:
Lol,abeg oh..It will be nice to see your calls oh not really your portfolio unless you decided to do so.If it get any portfolio I want to see now na my number one oga....Emma.. His portfolio na number one expo based on many reasons than align with my strategy

Those are my calls for Q3, some of them haven't moved in price, so its still possible to get similar or even better entry. I'm particularly bullish on AIICO. Both on TA and fundamentals

I think I'm gonna be posting a snapshot of my portfolio at the start of each quarter cause that was the second b2b quarter of 40%+ returns. Also because streetinvestor is always mocking me for not dropping advise. That being said, i will never recommend anyone to invest in what i don't have stake in. DD advised as always.
Side note: I'm still upcoming so don't laugh at my portfolio. I have 45m in cash that i will use to average down if needed.

Q2 official exchange gain of 6%. For those that monitor FX gain in FS like me

Omooloriredade:
For me, making money in the stock market is closely followed by reading company reports and opinions of other investors. Believe it or not, once I form an opinion on a stock, the views I look forward to are the contrarian ones. It just helps to fine-tune research on a company. There could have been something I overlooked or underestimated its significance which an opposing view might bring to light.

You should never assume your views are not wanted in a forum like this. It's okay to not indulge though if you feel it consumes too much of your time.

That said, lets get back to business. What did you mean by Japaul has no revenue? They reported N2.6B in their FY'23 audited accounts?

A few questions I'd like you to consider on Oando. You don't have to answer if you're not keen:

1. How much did Oando pay ConoccoPhillips for their assets in 2014?
2. What assets were involved in that transaction?
3. Was it money well spent or better still did they pay too much (especially when you consider Oando's size then)? Be Audacious!!!
4. What was the financial impact?
5. How much is Oando paying to acquire Agip's assets now?
6. What assets are involved in this transaction?
7. If approved, was it money well spent? Compare answer in #2 and #5.
8. Why is Oando still able to raise the humongous amount of funds from banks that have been reported in the news lately?
9. Re #6, who is the operator of the assets? What is Oando's responsibility?
10. What was the forecast for completion of the Agip transaction?
11. When will the acquisition start to reflect in their financial reports?
12. Could #10 & #11 have an effect on current market pricing?


Not a recommendation to buy or sell Oando .

Don't worry, like i said earlier, i will not speak on Oando again. But this Japaul, I hope its not this equipment rental that you are looking at as long term revenue? Okay o. DD advised as always

Streetinvestor2:
Pls lecture me more on being objective .An old and respected member made a post,you labelled it story. And went further to say his call has not yield desirable result in almost a year.Is that putting out your own perspective?
Pls I am looking forward to your own calls on stocks,lmao

The street whr I operate,thr is no difference between : You are stupid and Are you stupid. They are both insult.This is my own view too.

I stated a fact but no wahala, if i see anything misleading i will just keep my mouth shut.

Streetinvestor2:
I am yet to see your own stock recommendations or call here.You are quick to point finger on others own.All this knew moniker that is only here for attack purposes

I don't think i have attacked or insulted anyone since i joined. I just provide my perspective as i see it from my own point of view. This is a forum after all. So lets be objective in our thinking please

vacanci:
on top Oando?

I swear lmao. Until that thing closes above 16 Naira, all this one is just story. Even the first link he used as reference, oando was 14.6 Naira in September 2023. Today it’s is 15 Naira. Almost one year after. Abeggi

megawealth01:
OANDO's only problem is the personality

If they announce a new management now without that person even with this court case you won't see it to buy till 100

Just imagine a new management with the news that Otedola has gotten 11% of the total supply?

Just imagine am

That’s my whole point. Cause even if you inject 3 trillion today, they will still find a way to make loss. It’s mind boggling

Jaakay:
@bovali, pls let us know what you are seeing. No need to defer to another day, when it may be too late.

This is as high level as i can make it to keep it brief. All i'll say is when you invest, think to yourself if wale tinubu is someone you can trust with your money. Cause with oando, you're betting on the person running it to succeed. The whole of 2023, and only one profitable quarter. In Q2 they had an FX gain of 258bn, hence the 140bn profit for the period. Then guess what happened in Q4? Another 377bn in FX gain but this time they lost 70bn for the period. How do you make less with more? Don't ask me further questions because everything is in public space for all to see and analyse. Your own DD is advised.

KarlTom:
I already gave up when it crossed 3k...

They no gree let Dangcem drop o

yMcy56:
Peter, Agba has succeeded in dragging you out. Lol.

Anyone posting against OANDO is simply looking for bargain entry ....

Been quiet about Oando, but I don’t think people really looked into their books. But I’ll leave that conversation for another day

nosa2:
Wow!!! in 2021 USD was like 475 in parallel market. Using this, they got about N237b and they are paying back N750b.

Good luck to them and their household.

Thanks for this

If they raise dollar for expansion, is it Naira they will use to buy the banks in other countries? Why do you think they said don’t pay any profit from dollar revaluation gains? A lot of these banks are still sitting on usd. And the revenue they make in other countries is repatriated in usd

BabsO2:
Access has also been growing on the back of additional Tier 1 capital raised in USD to fund it's aggressive African expansion. If the expansion falters shareholders will pay for it using NGN. If the expansion succeeds the USD Tier 1 capital instrument holders will get the bulk of profits through coupon payments on the USD instrument. That means NGN shareholders have a big exposure to potential FX costs and losses if the African expansion falters, while having a probable upside should the African expansion generate returns above the coupon payments for the Tier 1 Capital instrument holders.

Going forward - One needs to monitor the contributions of the African expansion - if it is far above the cost of funds used to procure the expansion. If it isn't, the share price will not appreciate much.

Don’t underestimate their expansion. I remember when UBA was doing its west African expansion, now they bring a chunk of the groups revenue. Also remember that access bank bought some of these outside banks at a discount I.e from atlas Mara. Don’t also forget that they now sit on arm pensions as a group. Isn’t that the second largest pension at the time? I think it’s grossly undervalued in my opinion

BullBearMkt:
BREAKING NEWS!!!
The Federal High Court in Lagos has adjourned the hearing for Oando PLC's minority stake acquisition case again to October 10, 2024.

So did they allow minority join then adjourn or they just adjourned everything completely