₦airaland Forum

It's currently trading at a range. You may want to target a price close to the lower end of the range.

elpaso007:
What you will consider as a good target entry price?

Merci.

Do you actually deal in red oil? Whta's your business model like?

Redoil:
correct G
send me your address i will send you a gallon of redoil

Apparently targeting the release of their Audited FY24 report with dividend declaration anticipated.

Redoil:
why transcop

Please, do the talking very well and ensure he listens to you. It would be to the benefit of all of us and you could concentrate on making money here.

mikeapollo:
What is this nice guy saying again?
No be you talk recently that we should be fair to everyone vis a vis comments directed at @ProphetUtuocha?
Now, you can see you are not fair to me, otherwise, you would know that I contribute my quota to the economy of the nation wherever I may be because I am productive and pay taxes.
And who even told you that I am not at Aso Rock villa right now talking sense into the man's head?
I know you to be a very good, nice, Godly guy; so don't let the system corrupt you because you will make heaven.
Be wise!

Maybe you should jusk find the address of Aso Rock Villa rather than stressing friends who are essentially in the same situations as you?

mikeapollo:
Thanks, man. I appreciate.
The man's policies attacked me seriously, so I need to fire back devastatingly

In fairness to him, he didn't put "God" in his post. The words in that post isn't different from what any other person here would put out. You are taking a dig at him because of the "Prophet" in his name. Your handle is "HesInMe", who is in you? Let's be fair to everyone.
Personally, I take his choice of name and his writing style as pure art and there is nothing wrong with any of those.

HesInMe:
Eye roll... God only speaks to you too?

I'm a long-standing Oando shareholder, but I can't abide this talisman investing.

It's expected, of course, after waking up to some free shares, those who are interested in the cash would take that option.

Sunrisepebble:
Why is Oando down?

Qu'est-ce que "TP" ?

Willie2015:
Access,FCMB, Zenith,Presco,DangCem,Presco,Unilever,Guiness,MTN,Total,Seplat,GTB..

Most of them also don nearly reach their TP...

You promised to show me your portfolio but you never did. How do you want me or any of my friends here to trust you on this your proposition? 😉

SpaceX:
I have a solution which I know will be the best for everyone, I'm setting up a meet and greet at a luxury location where we will shake hand and get to know each other for real. An entry fee of 500k per head count will be made to organize the event, the organizers have promise to make its a special event. I trust them 100%.

What do you think about this great idea?

I doubt if we have a moderator on this thread. Some individuals should have been removed a long time ago!

Suncam:
Moderator should do the needful here.

Yes, you will.
Qualification is close of business today.

Payunsin:
Pls if I buy Oando today, will I qualify for the bonus

I think there is a possibility for ARADEL to pull back further considerably. The enterance to NGX was pumped. It has to find its true value.

megawealth01:
Two stocks in my mind but they are still above my entry... When will POWER and ARADEL fall yakata to my entry?

Hopefully soon or maybe not at all time will tell sha

It does appear so. I picked a few more TRANSCORP earlier this week.

Sunrisepebble:
I think TOE has come to the market. All the trans companies are on the move

This is not a problem at all. Go and call him whatever you wish to call him on the politics thread. We are focused on making money here.

mikeapollo:
All that is required is for those who believe Tinubu has done well to state their case.
For instance, If I say he is clueless, they can say he is a master strategist.
If I say he is incompetent, they can say he has performed excellently well etc.
I I say he is a disaster, they can say he is a saviour etc

But if I say he is incompetent, and the only thing these people can say/do is start insulting someone's father etc. It does not make sense. It only shows they are empty and have nothing meaningful to counter what I said.

NB:
I don't want to even mention ethnicity in this.
They cannot cow anyone from criticizing the president. He is a public office holder.

Na wa oo!
One page letter riddled with so much errors.

Please, can you give us a link to the report itself?

phadriz:
CHAMS!!!!

How you dey read these things nau?
Calm down to understand the english written on that paper

ojeysky:
And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!

And you don't reckon Lagos and Abuja to be part of Nigeria?

I think we should resist this urge of discrediting anything that has to do wth our country.

chimex38:
Well, probably true with UKs current health care crisis but its basically an admin/population Problem not poor treatment or lack of equipment or maintenance.
And their destination is probably LAGOS.. That's all.
A stretch would be National Hospital Abuja or some military hospitals.
most na referral things.

Speak, Prophet, for thy followers heareth!

ProphetUtuocha:

The share redistribution will likely come with the FY24 Audited report. So, a lot of patience is still needed.

SAK:
No news yet

Hello billionaire,

You still never get time? The day is almost gone o.

By the way, na only you dey chopulate all this google food? Awoof dey run belle oo. Take am easy.

SpaceX:
I usually don't like to Bragg about my social status in fact i have never done that except for folks here who prefer to address me as such. Anyways, my portfolio are usually well refined and well search sophisticated picks that only guarantees maximum profit I will find time to show you later today, I'm on some privately owned island with my family having a good time decompressing with premium wine and cigers.

Hello billionaire!
What are the stocks in your portfolio?

SpaceX:
They doubted me at First until I introduce one of the them to wale via video call and then he froze in shock When I say something I mean it!! I couldn't help but laugh all through..

It will be tough, but, we will try to add more on Monday.

Sunrisepebble:
I’m just thinking of the level of bid on Monday.
I’m praying people don’t see the result

contact@cscs.ng
No need to dm!

PuristForest:
This is sad, i have not heard about direct mapping with them before, i think you should copy cscs, a friend of mine had a similar issue until he did that, i posted here about it so you can read it up. MS is beginning to lose my confidence and thats unfortunate cos i always rooted for them cos of their easy ui. dm me if you need the email address...

A good dividend payout will drive the price to the high heavens. We wait.

emmanuelewumi:
It is growth in all ramifications,I hope they can continue going forward


Revenue N53 billion compared to N28billion in 2023


Gross profit N32 billion against N15 billion

Operating profit N19.3 billion against N8.8 billion

Net operating profit after tax N14 billion against N5.8 billion

Profit after tax N12.8 billion versus N5.5 billion

Today's deal volume: 128

aj8:
New Common sense target for Betaglass is N93-N116.

Your egungun wan cross express

Raider76:
Could be a good daytrade day for Oando.

That's expected.

Hopefully, there would be a cooperate action on the share redistribution soon.

KarlTom:
OandO Full Offer

Thank you for shedding more light on this.

In another topic, we should be expecting a cooperate action from OANDO soon ba?

ositadima1:
Why Did Oando Report a Tax Credit?
Upstream Tax Incentives:

1. Nigeria’s Petroleum Industry Act (PIA) grants tax holidays, investment allowances, and deductions for oil exploration and production (E&P) activities.

2. Oando’s E&P segment likely triggered tax credits due to capital allowances or reinvestment in upstream assets (e.g., NAOC acquisition).

Deferred Tax Assets (DTAs):

1. Past losses or temporary differences (e.g., impairments, depreciation) can create DTAs, which offset taxable income.

2. If Oando utilized DTAs from prior years, it would reduce current tax liability.


Is the Tax Credit Sustainable?
Yes, if:

1. Oando continues qualifying for upstream tax breaks (e.g., PIA incentives for new exploration).

2. It maintains deferred tax assets (e.g., through ongoing capital expenditures or losses).

No, if:

1. Tax authorities revise policies or restrict incentives.

2. DTAs are exhausted, or profitability improves significantly (increasing taxable income).

Maybe the description should have been better worded. You don't name an item an expense and then enter it as a credit.

On the whole, I think the result is a major improvement from previous years and a clear indication of the direction the company is headed going forward. They just need to quickly double efforts on the planned capital restructuring and adopt more cost effective approaches to running the business.

chimex38:
Good Observation..
But on further checks according to the line item, it's more likely a tax-credit rather than a tax-expense, hence not bracketed and rightly added.

In the same line item, they got a tax credit from their exploration activity of ₦27.99bn and it was added. That's the source of the observation you rightly highlighted.

I could also be wrong.
Cc: Youngzedd

Can people look at this 65bn very well. Looks like there is an error in the computation. Income tax expences (17bn) was erroneously added to profit before income tax (47bn) to arrive at the 65bn. I think the correct figure should have been 31bn if you deduct income tax from pbt.
Or, maybe I didn't check very well?

yMcy56:
OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Naysayers, make una go thru the pages patiently o.
Make use of your glasses if needs be..
Profit After Tax of N65bn
OANDO fast getting on right track.....😁

Please calm down oo. It's TRANSCORP oo. I don't know much ooo, just discussing with a boss.

Jerrydox:
Which stock are you talking about, please.?