₦airaland Forum

GeeKudi:
They probably want to bring it to the ngx.

By the way, I downloaded the NASD app but it never worked. Does anyone know why, please?

Through the nasd app, you will have to register with one of their accredited brokers.
Should be done within a week, after you can trade

DeRuggedProf:
https://doclib.ngxgroup.com/Financial_NewsDocs/43241_CHAMPION_BREW._PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MARCH_2025.pdf

6 kobo dividend..

Where is Locotrader?

They have cleared their debts, a substantial increase in cash, OCF is also positive and 500% more than PAT.
I still think it is overvalued on the short and medium time frame

WriteerNg:
⚡European and NATO leaders at the London defense summit without the US.

What future are they trying to secure?
They provoked Russia.
They have been expanding eastward since 1992 yet they are the one still crying of securing their future

AllBlack:
AFCON. is that not the same tournament where referee ended the match at 85 mins in The match between Mali and Tunisia?

"Former Manchester United defender, Rio Ferdinand has said the Africa Cup Of Nations(AFCON) needs to be given the same prestige as the likes of the World Cup and other major trophy tournament."

Yeah someone should put PRESTIGE in a box and hand it to us. Hello, prestige is EARNED and not GIVEN. Whenever we start taking ourselves seriously in Africa, the world will know but for now, we are still jonsing.

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

This is 2023 financial report and not 2024. Ii expect them to declare profit in 2024. The 62b loss was main from 50b forex exchange loss.

KarlTom:
UNITY!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/43170_UNITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

Interesting.
A 62b naira loss after tax when all other banks are declaring profits.
It's well

ositadima1:
Now, I bet you’ve never heard much about geothermal energy. Cold climates like parts of Canada, Alaska, Sweden, and Norway use it. In fact, the lower the temperature, the better. Read up on it.

Regarding the issue of energy storage at night, many technologies are being updated. We have wind energy, which performs well at night when tidal currents are strongest. Some places even use massive sand silos as thermal batteries—during the day, they heat the sand to extremely high temperatures, and at night, they pass water through it to generate steam and recover energy.

There are also man-made water reservoirs. During the day, water is pumped up to these reservoirs, and at night, it is released to turn turbines. Another method involves lifting heavy concrete blocks—these weights are raised during the day and dropped at night, effectively converting potential energy into electricity.

So much is happening. Do you think Oyibo is happy giving away money, especially to Arab countries? They are working day and night on solutions. One day, a major breakthrough will come. Do you know how long they worked on GSM technology? Do you think it just happened overnight? Eventually, they made it market-viable.

Anyway, I’m done derailing.

Nice points.
I read an article about isreal/mossad being the brain behind moving away from oil in a bid to weaken the Arab nations. It was never about Africa at all but a need to drastically reduce the huge excessive amount Arab nations have as disposable income to finance a lot of terror groups and resistance groups like Hamas, Hezbollah that are a big pain in the ass to isreal. Iran, Qatar, Saudi etc have enough money they use in sponsoring these cells to wipe off isreal.
So after years of fighting back, they realized they best and effective way is to neutralize the source of income of these countries which is Oil.
Remove oil and most of these countries will be so busy trying to manage their own economies rather than thinking of financing external bodies but man proposes, God disposes.
When they were making this plan, they didn't see China coming. The Chinese factor was not taken into equation. They thought they have a perfect-proof plan.
Now, china has hijacked the EV industry from them, even the oil industry they want to fall back on, china is massively buying off many oil companies so they are literally fvvvcked.

chimex38:
EV cars without charging outlets..

Even the current CNG needs infrastructure to buy the populace interest..

I wonder how the gas is filled.
I learnt lifting 1 of such cylinders na night mare
Takes the entire car occupant

What's that story of Malaysia banning CNG and returning to Petrol due to hazard or so..(even though both Na fossil)

Germany of all countries who are the super powers of renewable energy in Europe could not practicalize what they sanctioned-Ban on Russian oil.
Na them still import the oil pass to power their industries despite their solar advocacy and consumption.

Most solar related products are like the Android-Go OS Version of main android OS
Or rather the Browser Lite version of main browsers

They can't realy compare to heavy load requirements of their counterparts without efficiency being affected.

How about the Solar functionality during winter season of 3-5months in these western and European countries?
Moon dey sha

Powering precision industrial equipments 24/7, not to mention 3-phase motors without redundancy and high initial starting capacity?


Fossil till take over, well into the next generation ..

Lol.
There will always be demand for oil but it will keep dropping.
If the world used 1 million barrels of oil last year as example, with 1 out of 4 cars been EV, it means demand will like drop to 800 thousand barrels and the more EV eats into oil driven cars, the lower the demands.
The medium to long term fundamentals of oil doesn't look encouraging.
Any oil stock I am holding that the revenue keeps dropping by 5% quarter on quarter for 3 straight quarter, I will sell the stock.
I won't wait until I go down with it.
Though, there is hope for oil sha.
It has to drastically reducing running cost of drilling oil - cost of sales and operating expenses.
The era of extravagant spending, reckless spending and wasteful spending is gradually going.
It cost 15-20k dollars per day to hire an offshore supply vessel, this can be reduced to $5k per day.
Rigs are between $150-200 per day.
Drill ships are around $500k per day
Accomodation barges around $200k per day.
All this have to reduce by 50-75%
Crew salaries will have to go down too. My colleagues earning $250-500 per day in Saudi and Co will have to get used to $50 per day.
In my previous company, barge masters take $1,200-1,500 per day, they will have to get used to $150 per day.
My current company feeding cost for crew is $30 per day per crew. That is around 45-50k per day to feed one person which 1.5m to feed one person times around 16 crew.
To me, that is wastefulness. Abeg how much I take they feed my whole family per month?
I understand this is west standard and not Africa mentality of feeding nor Asians but then, there is too much wastefulness.
And so many other that can bring down the cost of oil to like $20/barrel and #100 per liters fuel at pump station

KarlTom:
There are clear facts. There are dark areas too.
Nothing is certain.

European countries ban the sale of new vehicles. That means they'll have a grace of at least 5years after the deadline before imposition of hefty taxes on vehicles sold in 2035-2040. So we're looking at 2040-2045

Now where do we think those vehicles that are banned will end? (you got it: AFRICA)

I foresee the world powers trying to sanction African leaders to conform to clean energy/reduction in greenhouse emissions etc

We can keep postulating and estimating but I [sadly] don't think whatever will happen is really in our [African] control...

Over and out ✌🏽

Well, since 1 out of every 4 cars produced are EVs and that will grow to 2 out of 4 or 1 out of 2 or 50% of the cars produced will be EVs by 2030, what does it mean?
It means those currently using EV cars will be selling and sending it to Africa as tokunbo in the next 4/5 years for us to buy thereby flooding our market with it.
One of the Tesla's EV brand is about 20/22m, tokunbo will be half of it which is around 10m, something affordable to middle class nigerians.
These middle class nigerians will use it for 5 more years and we will start buying nigeria used in the next 10 years at around 5m today's value. We all know the large number of nigerians that can afford 5m cars now.
About charging - a fully charged Tesla will move from Lagos to Benin before recharging for 30 minutes which means even with one bar charged battery of 5 minutes, I can drive from Lagos to ibafo or sagamu.
I don't need to wait in the charging station for 30 mins to full it and if there is nepa light, I can fully charge it in 24 hours using 440v to 220v charger converter. If I only get a 3-5 hours light per day, it would have given me enough charge bar to drive to work at island from Oshodi and come back.
Some will even pay #3,000 for one bar charging for 5 minutes enough to drive from egbeda to island and come back even if it requires rolling down windows and not use AC to conserve energy.

Panadee:
You have made valid points. One thing I would consider is that 25 years is about a 'generation' away and that may not necessarily affect our local investment decisions in the short to medium term.

Sure, I don't expect it to affect our investment in oil in the short to medium term

KarlTom:
The long run is actually very long...

Well, we will see but from my point of view, it may not be that long.
Have seen things changed from 2000 to 2025. Just 25 years.
From Nokia phones to android/apple, cars in different forms, big tvs / black and white TVs to flat screens/curves/LCD/hd/led etc
Things are moving at a rapid rate

Panadee:
For the foreseeable future, mainly from power plants predominantly powered by fossil fuels.
Boss, in local parlance, crude oil dey your head

I don't think so bro.
Technology is growing so fast now that things are really really changing so fast.
In my city, have seen not less than 10 electric bikes by okada riders now and it is going to keep growing and not slow down.
I have seen a rise in electric Keke napep also.
10 years ago, 1 out of 10 cars produced is electric car but in 2024, 1 out of for cars produced were electric cars and it is growing.
By 2030, 5 years from now, the target will be 3 out of 4 cars.
Cars, bikes and generators are the major users of oil. If these percentage keeps going down, oil demand will keep going down too

olig:
But, where does the electricity come from?

Hydro/Dam, Solar, Wind or gas/oil.
The truth is the demand for oil will keep dropping on the long run

KarlTom:
What happens when [if] you prioritize your current needs?

Prioritizing current needs like a bigger car, apartment, clothes will make you have little left for your future. You will hardly have savings not to talk of investing and little room to maneuver when emergency strikes

GeneralDae:
The biggest threat to oil prices is the possible tariff on China or anything that could affect the Chinese economy.

I think the biggest threat to oil is alternative energy - solar, wind, electric cars, bikes etc.
It will drastically reduce the demand for oil.
Also, it will place oil in a tight corner. If oil rises above the overall running cost of solar for example, consumers will shy away from oil related equipment and if oil drops to a reasonable extent, oil related equipment like cars will become attractive to consumers.
The more the cost of running an Electric car drops - the cost of buying it and cost of changing batteries, the more there will be pressure on oil to reduce in price to be attractive to consumers.
See it like gas, kerosene, wood.
There is a level gas price will get to, people will start shying away from it and start using kerosene stove or woods. If gas drops below kerosene, people will shy away from kerosene to use gas.
That is the faith of oil going forward

If you consistently prioritize your future needs, life will become easier and easier.

If you consistently prioritize your current wants, life will become harder and harder.

WriteerNg:
⚡Trump:

Ukraine will have to pay, or find out where the money went.

In bull markets, investors only see opportunity and are blind to the risks.

In bear markets, investors only see risks and are blind to opportunities

JESHAL007:
Leverage is any advantage that gives you an upper hand in your dealing with women so that you can checkmate her feral nature and always be in a position of power in the relationship

1)The ability to walk away because you have options typically because you have high SMV
2)Having money ( relatively comfortable that she's dependent to you to a reasonable degree and used to the financial stability)
3)The ability to replace her
4)The ability to practice traditional gender roles due to strong institutions like sound family laws, strong influence of religion and traditions
5)Her choosing you because she is the one chasing, heavily invested in the relationship emotionally by having genuine desire in you so you have advantage in the sense that you are the one that loves the least hence the one in power
6) Having strong masculine frame with strong boundaries that are enforced
7)Having redpill awareness is leverage on it's own

A broke and lonely man living in scarcity of romance, sex, can't have leverage for the majority of men although we have broke thugs, bad boys, that are enjoying women at their best and having baby mamas but they are a minority, most broke guys engage in crime to attract women for sex like yahoo

Okay.
Thanks, now I understand

JESHAL007:
Men who think leverage isn't important or that much of a big deal —or that the issue of leverage is simply petty secondary school manipulation tactics— are just ignorant and know nothing. Never give up leverage by whatever means.

I don't understand this statement. Can you shed more light on it?
I see you have been reading a lot of redpill books bro due many comments you drop here.
Thanks for the redpill comments, you are well celebrated.

JESHAL007:
If women were judged by the same standards women use to judge men:

- Height
- Fitness
- Humor
- income
- Exciting life
- Emotional control

Almost all women would be considered failures.

WritterNg:
⚡Foreign minister Baerbock let the "cat out of the bag":

EU reportedly plans a €700 billion weapons package to arm Ukraine.

Will Ukraine ever be able to pay back these loans?
They sha want to recolonize Ukraine unborn generations

WritterNg:
⚡Trump demands higher share of Ukrainian GDP than reparations imposed on Germany at Versailles — Telegraph

Waoooo
Waoooo
Just waoooo
This is recolonization in broad day light

WriterrNg:
⚡U.S. to Claim 50% of Ukraine’s Resource Revenues for Reconstruction Aid

A leaked draft agreement shows the U.S. securing 50% of Ukraine’s mineral, oil, gas, and infrastructure revenues in exchange for post-war financial support.

The deal, centered around a “Reconstruction Investment Fund,” would give the U.S. control over Ukraine’s resource licensing and long-term economic influence.

Key Terms of the Agreement

— The U.S. government (USG) commits to long-term financial investment in Ukraine’s stability and reconstruction.

— Ukraine (GOU) must allocate 50% of all revenues from resource extraction licenses to the U.S., effectively granting Washington a financial stake in Ukraine’s economy.

— The Reconstruction Investment Fund will have exclusive authority over how Ukraine issues and manages resource licenses.

— The U.S. will have a “right of first refusal” to purchase any exportable minerals before Ukraine can sell them elsewhere.

— Ukraine must waive sovereign immunity, meaning the U.S. can legally seize Ukrainian assets if Ukraine fails to meet its financial obligations.

— The agreement classifies Ukraine’s resource deals as commercial transactions, making them subject to U.S. and international arbitration.

— The U.S. gains full audit rights over Ukraine’s financial books related to the Reconstruction Fund.

— Ukraine must provide monthly financial reports to the U.S. and appoint an independent auditor, paid by Ukraine.

— The agreement does not specify an expiration date, meaning U.S. financial interests in Ukraine’s resources could remain indefinitely.

Ukraine Refuses

President Zelensky refused to sign a draft mineral resource agreement with the United States, stating that it does not adequately protect Ukraine's interests.

“The agreement is not ready to protect us, our interests.”

A former senior Ukrainian official called the U.S. offer "a colonial agreement"

The U.S. seeks 50% of Ukraine's rare minerals and has signaled it is open to deploying American troops to guard them if there is a deal with Russia to end the war.

Na real Colonial agreement

Crayfish09:
That scumbag is beyond redemption. If America should massacre his whole family and brag about it on TV, he'd accuse his family of secretly working for Iran and hoist the American flag over their graves. Very useless person

ositadima1:
Sunrisepebble raised a very strong point—read his submission below—but none of the people who posted in Oando's defense cared to address it. I saw a lot of half-baked attempts, with some outright wishful thinking.

Oando gained over 300 billion from forex gains, which is not a constant, and spent over 200 billion on operating costs (excluding COGS), ending with about 60 billion in profit. (I'm quoting from memory, and you can verify my numbers.) His point is very valid: operating costs are high. Imagine if there had been no 300 billion windfall—the result would have been negative.

I expected reasonable defenses, such as an explanation that the high operating costs might be due to merger with NAOC and temporary or other factors. Instead, what I found here was very disappointing.




Let me list the various defenses presented here and highlight how nonsensical some of them are:



This person is busy calculating $50 per barrel but has completely ignored the costs and financing involved in lifting the barrels—totally childish.



This person is comparing two companies with different ordinary share structures, which is worse than wishful thinking. This is the same self acclaimed in-house prefect who is quick to call out derailers yet falls short themselves.



Another one failed to address the elephant in the room—what is the point of increasing revenue if costs are rising even faster?

At the very least, I expected someone to propose a partial solution to this concerning issue or simply deny that the problem exists.

Apologies.
I didn't take that into consideration.
Let me go check their last report to make a more informed decision

HMCall - Haldane Mcall

1. Understanding The Business

They company cater for middle class and low-income Nigerians with their hotels ranging from 40k/night in Surulere to 25k per night in Ikorodu.

2. Moat Analysis

They are in an industry with so many players and low-barrier entry.
In my opinion, there is no moat in this industry, so it is an open field. We have so many low-budget hotels up to the high class 3-star, 7-star hotels.
They can't compete with Transcorp or Ikeja hotels who rake in billions from hotel reservations of 100k minimum per night.
Their properties range from 200/300m per flat in Ikeja, Surulere to 35m per flat in mile 2. They also have flats to sell in Togo and Benin rep.

3. Investment Thesis

In a world where technological advancement is changing a lot of things very fast, it becomes hard predicting 5, 10 years growth of a company without expecting a disruption.
Disruptions from services like Airbnb poses a long-term threat to hotel businesses.
I believe the company with adjust to these changes and adapt in the long term. Also, they are into buying and selling of properties and i also believe they will have to take advantage of listing their hotels and properties online/digital advertisement like Jiji etc.

4. Fundamental Analysis

Revenue (2024 - 2021) = 3.64b - 1.74b - 2.92b - 1.31b
GP = 20.6b - 0.92b
OP = 1.01b - 0.38b - 0.15b - 79m - 172m
NP = 0.68b - 0.26b - 98m - 53.7m - 117.5m
OS = 3.12b
EPS = 22k / Price = #5.87
Cash = 1.06b - 0.27b
A deposit for shares of 5b which may be converted to shares sooner or later. That will be a dilution of 850m shares to make total OS of roughly 4b
There is a current liability of 1.62b that needs to be paid within a year - Director's current account.
Work-in-progress / Inventory = 3.42b - 0.5b

5. Valuation
Rev per share (2024 - 2021) = 116k - 56k - 94k - 42k
EBIT per share = 32k - 12k - 5k - 3k
From the figure below, we can see revenue has been growing since 2021 by 29% per year
Operating profit has also been growing from 2021 by 80% per year
12 months average rev/share growth rate = 107%
12 months average EBIT/share = 167%
The company has been growing at a fantastic rate for the past 12 months in revenue and operating profit likewise for the past 4 years.
Current PE = 26.7x and keeping a conservative earning growth rate for the next 4 years at 40%,
Current eps = 22k.
Estimated EPS FY28 = 22k x (1 + 0.4) ^4 = 85k
Hmcall will be #17/share in the next 4 years at a PE of 20. Which means a 5m invested now in Hmcall will be 17m in 2028
But at a PE of 10 (avg ASI PE, Ikeja hotel PE is , Hmcall price will be #8.5
Which means future earning has been priced in.

mikeapollo:
Lol
If they want to raise normal equity, they would pump the share price on NGX to a much higher value.
They may also raise deferred equity which usually comes with low interest rates.
We do not know if the share redistribution would also involve cancellation of some inter-co payables as well, as suggested in one of their publications

I think the current price seems reasonable at P/E of 12. Pumping it up won't be really attractive because investors will compare the PE to Aradel and other companies in the same sector

Sunrisepebble:
I laugh at the bolded, "some"? Have you seen the level of borrowing on the balance sheet? Its not just some they need o
The debt load was about 2.76 trillion and finance cost was N232 billion last year. If they want to reduce their debt by 50% they'd need to raise 1.4 trillion

To raise 1.4 trillion, that will be additional 23b shares at #60/share to give a total outstanding shares of 36b, dropping the price to #20 per share from #60.
Finance cost will drop by half from 232b to166b using FY24 as example while PAT will rise to 232b.
New eps will be #6.4 per share for a #20 per share stock which looks undervalued.
That will be a P/E of roughly 3.
Current P/E is around 12, using that, the new price will rise from #20 to #77.
This is aside expected growth in coming years

shoodboi2:
USAID doesn't need to pay all these ones. When they're ready to apply for visa, they will screenshot all their comments here and add it to their application.

Masterviolence:
Now that USAID has been unceremoniously yanked away, I anticipate a long-overdue restoration of decorum and sanity in the months ahead. However, I don’t expect an immediate transformation, after all, I suspect they still have a dwindling reservoir of funds to cling to, like a shipwrecked sailor rationing his last coconut before reality rudely reminds him that the island isn’t getting any bigger.

USAID is just One out of the many mediums they use to funnel money to other countries for their destabilizing bro. They are only opening that.
I won't be surprised if they have up to 20 different mediums

WriteerNg:
⚡Jordan's King Abdullah II on hosting Palestinians:

We must consider how to implement this in a way that serves everyone's interests.

Most of these guys wealth are in the west. They will threaten them with regime change or seizing their loots or exposing their corrupt acts.