₦airaland Forum

Same Amosun that made the presidential jet to be grounded in London due to his failure to honour an agreement with foreign investors.

With the ongoing coalition, I see Fubara and Wike settling their difference and working together for the re-election of President Tinubu... President Tinubu will need all the supports of sitting governors to scale through and he wouldn't want Rivers State to be is disarray before the 2027 elections.

Fubara will return back to his Oga Wike and be loyal again. The process has already begun.

No court or court order can stop the national house of assembly of carrying out their legislative duties.

ddippset:
I don't blame Martin Amaehule and his crooks.

Every appointment Fubara made under Edison Ehie was under a valid court order.

Every simple appointment was under a valid court order I repeat..


The Supreme Court is the one giving them this courage for this impunity.

But the budget passed by Edison was rejected by the Supreme Court... Dey play.

This is occultism. Because of how easy it is for anyone to become a pastor, bishop etc... Christianity has been filled with devilish leaders with strange practices.

Chances of worshipping in an ocultic church is very high

They can't do nothing... If they dare, they will die like flies.

Btw I am from the Niger Delta and I know the game very well. The era of bombing pipes and giving press statements have past.

Right now, everybody know everybody hideouts and the creek is no longer a hiding place.

JTF has perfected the creeks and they have more firepowers and better equipment to trace and smoke out any militant that is if there are still any.

The Ijaw organised militant formations have been dismantled several years ago and many of the generals are either dead or currently working with the government.

Who will even finance the pipeline bombing and what will be the gains for the boys that will be better than what they currently collect from FG surveillance jobs and contracts.

Even bunkering which is a major business of Ijaw boys is almost nil... I roll with these boys and I know how they complain bitterly that the creeks have been locked by the FG

Beasts! That is why they are suspending all schools for 1month just for hunger strike called fasting.

Lack of education creates beasts

Oando's movement is something else... You just can't predict what is next.

Wale too get doings! He has perfected the game.

Oando will do over ₦100 per share if Wale wants it to...

More fuel for selloffs... We are likely going to witness the dip again once the share bonuses are transferred. I will be waiting to buy more

Dear Shareholder,

As announced in Oando PLC's press release on February 5, 2025, you are eligible to receive 1 new ordinary share (50 kobo) for every 12 shares held as of the Tranche 1 Qualification Date.

Our Registrars, in collaboration with NGX and CSCS, are finalizing the distribution process, which is expected to be completed within 10-15 working days. All shareholders registered as of February 14, 2025, will receive their allocated shares.

JAWBONE:
This is the time for Fubara to take the fight to the ground.
No time for due process again since Supreme Court has decided to be Wike/APC mouthpiece.

Which ground? The battle is lost already.

Oando is a ₦100+ stock.... The upside potential is huge and the dip to ₦48 was a rare opportunity for quick gains.

It pained me that I was only able to purchase just 10,000 units when it deeper below ₦50.

I pray it dip today so that the money I borrowed can go into the market.

mikeapollo:
Be patient and strategic.
Sometimes, you have to wait until close to end of trade to put in your order. That is how some people are able to get good closing prices, especially when the market is so too bullish!
Oando seems attractive at current price and may oscillate around N45-N55 range for a while.

I will wait, it might deep again back to under ₦50. I pray it gets there.

Oando disappointed me... After borrowing money yesterday to buy some very cheap units this morning.

My limit order at ₦46 failed....

Streetinvestor2:
Onado is really having serious wahala but I bought some today at @ #52.
Looking for what to sell tomorrow to buy more wahala. It could be some sugar or ucap.
I like the wahala loading.Or I sell some presco or total.I seriously want this third buy of wahala.
Wapco what is happening. Don't make me sell and move the money to oando

Seriously looking for money to buy more Oando. The current price is tempting... I wish I hard more money to take another 100k units

Sunrisepebble:
Fear of Wale is beginning of wisdom.
It could end up back at N10
NFA

Very likely at this rate. Investors are all backing off and offloading their stakes. This is possibly due to very serious issues with Oando.

Makanjuola89:
Is it advisable to buy more to average down?

The fall is still might eventually see Oando trading below ₦40. Wait a bit until the price activities settles.

Streetinvestor2:
You are very correct.
I will advise you sell now to avoid loss

I am even buying more and averaging down.

Oando at ₦40+ is a great buy... The fundamentals are still great for a bullish run.

Oando might eventually touch ₦45 at this rate it is falling.

ositadima1:
If my TA projections are any good, we may see Oando drop below 50 in the short term, possibly around 46. But, it may recover quickly as investors who bought at higher levels attempt to average down. As a new investor, be sure to analyze carefully before making a buy decision at current price.

Very possible... The downward trend is not easing soon.

If Oando can remain at this price till month end, I might have to buy another 100k Oando.

My faith in Oando is unshakened.

Has the Oando bonus Shares issued?

Have they distributed the bonus shares?

mikeapollo:
No. The shares will be issued some few days after Feb14. But your name and units of shares must be in the register of shareholders (members) on that day (Feb14) before you can benefit from the distribution. Feb14 is the cut off date.
If you wait and sell your shares on Feb15 or Feb16 etc you will still benefit .

No selling. Oando is the only stock with a lot of games.

They are very intentional about their share prices and shareholders. Oando was the best performing share in 2024 and I see them repeating that same feat in 2025.

I currently have 250,000 Oando shares and I will try make it 300,000 before February 14th.

Is Oando issuing the bonus shares valentine day?

Countdown to Valentine's Day...

With effect from the close of business, February 14, 2025, we'll be issuing one ordinary share to every twelve ordinary shares held by our registered shareholders.

Thank you to all our shareholders whose confidence in the brand has never wavered.

#BetOnOando #TheEraOfUs

Let's see how the market reacts to Oando share redistrution news of yesterday.

Bagwa:
You may be late 😅

I pray he delays it a bit. Oando is the clearest gamble on the NGX.

It is the surest way to convert ₦50m to ₦75m in a short time on the NGX. Others are just speculation. Oando gains are sure.

Bagwa:
You will soon here from Wale ASAP
Huge is coming Feb , June 😃

Wale is not set yet... I want to buy another 200k Oando shares before the announcement. Bought 10k more today.

Streetinvestor2:
If you no see palm oil buy go buy oando. That means you are in the business for long time.Oando will still deliver this yr and beyond. It will be in wale best interest and TPain interest

I pray Oando do a 10% drop today so that I can load. Wale can't drag his uncle's name to the mud.

I can gamble on that. Just the share redistribution is enough profit already even if stock prices doesn't nudge.

mikeapollo:
Yes, it could be a deliberate decision to first release the ''negative'' or ''not-too-good'' news (which will cause a decline in share price), and later release the ''positive'' news (which could cause price to rise again), instead of doing it the other way round.

Oando Q4 2024 Financial Performance: A Year of Growth Amidst Challenges


Oando has released its unaudited financial statements for the year ending December 31, 2024, showing a mixed performance driven by substantial revenue growth but impacted by rising costs and increased finance expenses. Despite the challenges, the company’s revenue surge and its strategic business moves provide a fascinating glimpse into its resilience and future potential.

Oando’s total revenue for 2024 soared to N4.12 trillion, up from N2.85 trillion in 2023, representing an impressive 45% increase. This remarkable growth was primarily fueled by a significant rise in sales volumes, which climbed to N3.84 trillion from N2.76 trillion. The growth in sales volumes points to increased demand for Oando's products and services, highlighting the company's ability to tap into a growing market amidst tough economic conditions. The increase in revenue is a strong indicator of the company’s operational strength and the effectiveness of its sales strategies.

A key highlight of Oando’s 2024 performance was its substantial improvement in gross profit, which surged from N85 billion in 2023 to N282.5 billion. This nearly threefold increase emphasises the company's ability to manage its production and operational costs efficiently, despite the inflationary pressures and rising global prices affecting the oil and gas sector. The growth in gross profit demonstrates Oando’s strong operational management and its capacity to retain a solid portion of its earnings amid higher expenses.

While Oando experienced growth in core business revenues, its other income—earned from non-core business activities—saw a decline, dropping from N399.9 billion in 2023 to N349.7 billion in 2024. Although the company earned less from non-core activities, this decline was somewhat offset by its robust performance in its main operations.

However, the company’s operating income, a measure of its core business profitability, saw a marginal increase to N220.2 billion from N218.3 billion. This rise can be attributed to higher revenues, though it also reflects the company’s increased expenditures. Operating expenses climbed in 2024, driven by inflation, expansion efforts, and rising administrative costs, including higher salaries and office-related expenses.

In 2024, Oando's finance costs ballooned to N173.6 billion, up from N116.4 billion in the previous year. This surge was largely due to higher interest payments on debt, a reflection of the company’s financing strategies and the global interest rate environment. On the other hand, Oando also experienced a positive rise in finance income, which grew from N16.8 billion in 2023 to N58.4 billion in 2024. While this helped offset some of the rising finance costs, it wasn’t enough to shield the company from the overall financial pressures.

Despite the revenue growth, Oando’s profit before tax (PBT) dropped significantly in 2024, falling to N47.7 billion from N102.9 billion in 2023. This decline in pre-tax profits indicates that the increase in revenue could not fully offset the rising operational and finance costs. The company's bottom line was further impacted by a larger loss for the period, which grew to N232 billion compared to a loss of N133 billion in 2023. This stark loss highlights that, despite strong revenue generation, the company faced substantial challenges in managing costs and financial pressures, leading to a negative net income.

One of the more consistent aspects of Oando’s performance was its earnings per share (EPS), which remained steady at N5 per share, identical to the previous year. This consistency in EPS indicates that the company’s basic profitability did not fluctuate dramatically, despite the overall loss. As of the end of January 30 2025, Oando’s market price stood at N76.00 per share, with an earnings yield of 6.68%. This reflects the market’s valuation of the company based on its current performance and potential future growth.

Recommendations: Hold or Sell?

Oando’s 2024 financials present a complex picture for investors. On one hand, the company saw impressive revenue growth and a notable increase in gross profit, suggesting strong operational capacity and market positioning. However, the significant increase in costs, particularly in finance charges and operating expenses, weighed heavily on its profitability. The higher-than-expected loss and the drop in profit before tax raise concerns about the company’s ability to manage its costs effectively in a challenging economic environment.

For investors, the recommendation would be to "HOLD" unless there is a clear strategy for improving cost management and enhancing operational efficiency. While the company has demonstrated resilience in driving revenue growth, the rising operational and finance costs remain a significant concern. Moreover, the larger loss for the period could have negative implications for shareholder returns in the short term. However, for those with a long-term investment horizon, Oando’s strong revenue growth, coupled with its market presence, may offer promising upside once the company addresses its cost structure and financial leverage.

While Oando has shown growth in key financial metrics, the challenges of rising costs, finance expenses, and overall financial losses signal that investors should be cautious and consider holding their positions until clearer signs of improved cost management and profitability emerge.

Wale is a typical Nigeria politician. He is running Oando the way Nigeria is been run. A lot of big talks but poor results.

Oando is still very unstable for a long term hold. The company is most likely not going to pay a dividend in 2025 and share prices might not even appreciate substantially given that it is still struggling with debts and running capital.

Aside the share bonus thing, there are no attraction for holding an Oando share right now.

My 2cent though.

SAK:
Any news?

Oando and Wale has been playing games... You just have to be patient as Oando is not a regular corporation. It is a complicated PLC.

KarlTom:
OandO

Any update yet?