Coolcash1:
I need CUTIX at N2.40 and JAPAUL at N0.70 to re-enter…

Big caps

MTN @N200, GTB @N25, NESTLE @ N700 and SEPLAT @ N1,200 to enable me load up!

Where are the bears?

Sadly, the bolded didn't get to my point of interest before the stratospheric rise. I would have been sitting on mahd profit by now. Anyway, we meuve!

Ire o.

Mpeace:
Thats interim dividend per share of 29.90 in Naira. Thats not too bad considering the fact that we get it 4times a year, and also a special dividend yearly.

It is abysmal compared to its share price. Very disappointing! Though I am not bothered because I am not a dividend person but cap appreciation.

Ire o.

Mpeace:
See loss. This guys just finish us that year.

No sir. Take out exchange loss which is a one-off transaction due to currency devaluation, it is a solid result.

vacanci:


The folks who SOLD over 75 million units of OANDO yesterday knew what they were doing as well

This really cracked me up

Zagee:

Who buys a reserve without due diligence? That's just business 101 if you ask me.

Unfortunately, most of them don’t and even if they do and the numbers are in complete variance with the seller’s claim they still pay high for it out of desperation.

BullBearMkt:

...well I have some knowledge about the process of the indigenous companies acquisition of some of those assets, potential buyers were furnished with all essential data to evaluate the reserves, resources, and commercial viability of those assets before acquisition. Check out many of these companies, they are either owned by former Shell staff or in partnership with others. Would these former directors/managers risk such an endeavour if it wasn't viable?

Would you say Conocco was a viable investment before the cowboys in Oando dived into it? One thing I know is that majority of the LOCs owners are carried away because it’s government JV and that’s all without any detailed and thorough DD.

BullBearMkt:

Oga Coolcash1, the bolded is not correct. The underperformance of some Nigerian companies that acquired Shell assets isn't tied to "over bloated reserves" but rather, to other challenges as you mentioned, like oil theft, pipeline vandalism, and majorly inadequacy of their management team.

On the issue of reserves, most of the buyers relied on the seller's in-house reserve estimate and not CPR which by the time they later carried out independent audit of the reserve post-acquisition, it was a different story.

essentialone:
https://leadership.ng/oando-targets-growth-with-eni-acquisition-deal/

Oando Plc, said it has reached an agreement with Eni, an Italian multinational energy company for the acquisition of 100 per cent of the shares of the Nigerian Agip Oil Company (NAOC).

Eni has been present in Nigeria since 1962 through its subsidiary NAOC, the operator of OMLs 60, 61, 62 and 63.

Recall that in 2014, Oando acquired ConocoPhillips’ Nigerian assets, giving the company a 20 per cent working interest in the NAOC Joint Venture which also includes the NNPC Exploration & Production Limited (NEPL) and NAOC.

This singular transaction at the time catapulted Oando from producing 4.5kboepd to 50kboepd. At the same time the company set a target to increase its production to 100kboepd and its reserves to 500MMboe as well as realise operatorship.

As of 2021, Oando had exceeded its reverse target with 2P reserves of 503.3MMboe.

Anybody can set target but actualizing it is a completely different issue. In fact, most of the Nigerian companies that bought Shell assets based on over bloated reserves are licking their wounds now and their going concern threatened. Hence, most onshore assets are underperforming because of oil theft, and vandalization whilst the cost of barging remain exorbitantly high. Another major hurdle for the company is its huge loan exposure and low appetite of foreign banks to fund fossil fuel based on net zero policy of the western countries which will make funding of the acquisition a herculean task. Based on this, I will advise any newbie and experienced investor to exercise caution in falling for another Wale gimmick which has sent many back to the village.

According to the great musician Asake in one of his songs he said, "I go use my head before dem use me".

Ire o.

Saw someone calling passengers for UBA at N16.80k, really? The stock is still expensive at that price. Anyway, na so him trap the gullible ones in O and O…

Ire o.

Locotrader:


For Japaul, ; ;DDQ3 is almost here.
It did 0.81 few days ago and now consolidating .I don't think it will attain your 70kobo region.The stock has done well in 2023 in financials and expected to finish strong.I am among those repurchasing what we sold in the last bull run.Good luck to you if you can get Japaul at 70kobo before or after Q3 result.

Yeah I know it has potential to run and might not even trade below N1 again if it’s Q3 result is good which is why I need Mr market to do it’s thing…

customstreet:


In this type of Oando situation, One could have make unlimited profit if options market have been activated.

Just buy STRADDLE OR STRANGLE

Or also if they allow Short selling. For instance, for someone like me, I would have made a kill when the trend changed from uptrend to downtrend…

Coolcash1:
I need CUTIX at N2.40 and JAPAUL at N0.70 to re-enter…

Big caps

MTN @N200, GTB @N25, NESTLE @ N700 and SEPLAT @ N1,200 to enable me load up!

Where are the bears?

Still waiting patiently for the big boys to drop to my value zone… Miracle no dey tire Jesus ….

@PETERICHY don cast!

Coolcash1:


If you are TA person, you would have seen this coming. It is over extended as such, had to tumble....

@peterichy @obagadaffi saw this my post and did the needful by jumping out but some pigs here queried the efficacy of TA and got carried away by the illusion of such a dead company getting to N100 until they got slaughtered....

OBAGADAFFI:


Oga an Oando o.

Take your profit immediately price begins to fall.

Dem no dey tell blind man say rain dey fall

Mfunkynation:
Unbelievable!
Oando at full offer @13.15

If you are TA person, you would have seen this coming. It is over extended as such, had to tumble....

AbionaT:
Hello my nairaland family.

Please help me out.

My sister wants to book for flight to Canada, which airline is good and that will not need transit visa for her and her two kids.

Someone said she must apply for transit visa first.

They are in Abuja, going to Toronto, Canada.

Thank you so much.

Lutfhansa

Indeed, what God cannot do does not exist…My wife and son just got their PPR.

Date of Application- August 27, 2023
Upfront medical September 7th, 2023
Biometrics - September 15th, 2023
PPR - September 18th 2023

We followed all the instructions here and did everything by ourselves including writing of SOP.

Big Thank you to everyone on this great platform.

To all those expecting this same good news, it will come in Jesus name.

Waiting for DanSugar at N38

But I thought you said sold?

N2.5M and let's deal.

BullBearMkt:

IF you don't understand something, its better to keep quite and focus on where your strength is...

You should have just ignored the guy. Too many ignorance here.

Laso09:


Those with good understanding of TA will not buy sugar at 64.......and zenith at resistance.....

One Hennessy for you.

thebargainhunte:


If TA is so potent, you would have become the richest person in Nigeria by just trading stocks. It is impossible to time the market and time it accurately all the time.

Well, that is the misconception most of you have. You’ve watched too much Lamborghini videos on you tube that has given you wrong perception about trading. What I know is that, to sound modest, it is paying my bills!

Streetinvestor2:
How.Do you mean TA saw the red that happened in zenith and sugar coming

Yes sir. When you understand the concept of over extension and structure break.

.

BullBearMkt:

A brief Technical Analysis of GTCO
IF GTCO closes 35.25 today,
-then, a daily support is breached
-stock price may "falsely" attempt to rally up (many will think it is going up!) - optional
-Market maker likely to drop the price again
-IF stock is strong, "Level 1" will hold price and price start another rally up
-Failure of Level 1 will cause price to dip lower to test Level 2"

Summary: a close below 35.25 signalled further dip in stock price of GTCO.

What if it closes and then reverses up?

phoinix:


LOL, it weakens me, o. This long-term investing can be a painful endeavor when you watch your portfolio bleed money in these Tinubu times. Yesterday alone, the combined movement of Zenith and Dangsugar subtracted money that was enough to buy a small tokunbo car.

TA would have saved you this pain.

Me I like the twin effect of FPI exit and the CBN restrictive circular on banks div, it’s an opportunity to re-enter some good stocks at bargain prices….As a trader or investor, you must be adaptive to succeed!

We need block button on NSEMPA. Those monickers spamming the thread with O &O would have chopped blocking aswear...

safepaulooo:
https://businessday.ng/companies/article/pz-cussons-to-delist-from-ngx/

SEASON OF DELISTINGS. GSK, PZ, OANDO, NEXT?? INTERBREW, CHAMPION

More to come

ProphetUtuocha:
This is the best time to buy the Agip assets. Oando has what it takes to contain the vandalism. Definitely, this is Wale and Oando's time in the sun.

I can see you are really basking in the euphoria of Wale’s shenanigans. A path, many, as in many have towed before and regretted it. I presume you are new to customs street and Walesco’s gimmicks. Just Calm down before you get your fingers burnt.

Jonwest:
PZ is delisting also nah wa

Coolcash1:
NSE is just a graveyard! A reflection of the bad state of Nigerian economy and slopiness of SEC. No new listing, deficient FPI, poor corporate governance, extreme manipulation, low retail participation, weak liquidity, lack of innovation, amongst others. #sigh

More companies to delist.