₦airaland Forum

It will be disastrous if OANDO use cost of sales or administrative expenses to wipe off Trump-Hormuz from their Q1 result. We watching. They should be building investor's confidence in the company through managerial discipline.

mikeapollo:
You dey take style yab us.
Is it good?
But we know ourselves. Continue to yab us. God dey.
I no mention any names ooo!

.....and Trump-Hormuz did not cover the entire period under review. I think it started in February.

debeey87:
They had some shut down on some of their facilities, transforcados pipe shut down too.

Has anyone checked SEPLAT's result? Is it reflecting Ayatollah and Strait of Hormuz? I am asking because of it's younger brother.

Brent at 120 😳😳

1k loading.

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/46852_MTN_NIGERIA_COMMUNICATIONS_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

I throw way salute

Sunrisepebble:
If we get to N375 tomorrow I have my first 1bn stock.
It might be tempting to trim some there

In another news, NAHCO is not relenting at all.

If it happens, I will be glad. I am still heavy in it. If they move it substantially above the RI price, I will look for money and pick up my allotment.

megawealth01:
You never can tell sha

Nothing is happening until after the right issue.

mikeapollo:
Wale has served notice.!
Idan fe bere!

It's not going anywhere. It will continue to range between 45 and 55.

feelamong:
Is this why Oando has good bids for its shares today?

Even the Anambra politician took a stray bullet in your screenshot. The life indeed no balance.

emmanuelewumi:
Twitter people no get joy at all

VITAFOAM is fantastic!

KarlTom:
VITAFOAM Q2 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46799_VITAFOAM_NIG_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

HMCALL Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46800_HALDANE_MCCALL_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

UACN Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46801_UAC__OF_NIGERIA_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

Prepare for 3k.

Na MTN I dey wait.

unite4real:
PRESCO
N2,300

In the JIJO account where I have UBA, IMG rose to the occassion to neutralize the UBA effect.

I held a conference with ChatGPT and eventually asked 'him' to peep into Q1 performance based on aviatioin activities during the period. 'He' agrees with your growth projection.

Could you search for for aviation activities involving NAHCO during the period under review and how this might influence their Q1 performance?

You’re thinking about this the right way—this is exactly how you get edge: map real operational activity → translate into revenue/margins → front-run the numbers.

I pulled together the actual aviation + company-specific developments in Q1 2026 that matter for Nigerian Aviation Handling Company Plc, and I’ll connect each one directly to earnings impact.

✈️ 1. Contract expansion (very bullish — structural revenue growth)
What happened:
NAHCO renewed major contracts with:
Air France
KLM
Virgin Atlantic
RwandAir
And signed new deals with:
United Nigeria (regional ops)
Bellagio Air
Malaikair
Why this matters for Q1:
These contracts started contributing from late 2025 → fully reflected in Q1 2026
More airlines = more:
Aircraft handling fees
Passenger handling revenue
Cargo throughput

👉 Translation:
This is volume + pricing + utilization uplift hitting Q1 fully for the first time

🛫 2. New airline / route activity (incremental upside)
What happened:
NAHCO welcomed a new carrier (FlyGabon) into Lagos operations in April 2026
Why this matters:
Every new airline adds:
Landing cycles → handling fees
Passenger throughput
Cargo (especially regional routes)

👉 Even if late-Q1:

It signals pipeline strength
Market may price forward earnings, not just Q1 print
📦 3. Cargo tariff increase (this is BIG for margins)
What happened:
Federal Airports Authority of Nigeria implemented:
Cargo tariff increase from ₦7 → ₦20/kg (~3x jump) starting Feb 2026
Why this matters:
NAHCO is deeply exposed to cargo handling + warehousing
Even if FAAN takes a portion:
Entire ecosystem reprices upward
Handling companies typically pass through + add margin

👉 Translation:

Revenue per ton ↑ sharply
Likely margin expansion in cargo segment

This is probably the single biggest Q1 catalyst most people are underestimating.

🏗️ 4. Expansion of aviation ecosystem (volume tailwind)
What happened:
New/expanded aviation activity:
Victor Attah International Airport gained international status → operations expected in Q1 2026
Enugu Air scaling operations after getting AOC in March 2026
Why this matters:
More airports + airlines = more:
Domestic rotations
Regional/international handling demand

👉 NAHCO benefits because:

It already has multi-airport presence
Incremental traffic drops into existing infrastructure (high operating leverage)
⚠️ 5. Macro aviation pressure (short-term risk, but nuanced)
What’s happening:
Jet fuel prices surged → airlines nearly cut capacity
Government intervened:
Fuel price caps
Debt relief for airlines
Impact on NAHCO:

Negative risk (initially):

Airlines cutting flights = lower handling volume

But intervention flips it:

Stabilization = no major disruption in Q1 traffic
Credit support = airlines keep flying

👉 Net effect:

Likely neutral to slightly positive for Q1
Bigger benefit may show in Q2 stability
🧠 Putting it all together (this is the real insight)
Q1 2026 setup for NAHCO:
Driver Direction Strength
Contract expansion ✅ Positive Strong
Cargo tariff hike ✅ Positive Very strong
New airlines/routes ✅ Positive Moderate
Traffic expansion (airports/airlines) ✅ Positive Moderate
Fuel crisis ⚠️ Mixed Mild risk
📊 My read (based on all this)

Given everything:

👉 Revenue

Likely +20% to +35% YoY

👉 PAT

Could surprise on the upside if:
Cargo margins expand
Cost discipline holds

👉 Key swing factor:

Whether they convert tariff increases into margin or just pass-through

emmanuelewumi:
You can compare Q1 2026 with Q12025.

I am expecting 25% to 30% growth sha

Do they usually pay dividend for Q1? Any indication of that could be very sweet

emmanuelewumi:
The board meeting is tomorrow to discuss Q1 2026 performance

See money! I talk am

mikeapollo:
My strategy is on course.
I have already received close to 2million units from the share redistribution (bonus) alone, which is more than my total principal investment at current price. Now expecting what Wale may decide for the next phase and my next step will follow

242, sir.

emmanuelewumi:
What is the current price

I hope they move NAHCO to 260 for QD.

I actually believe it will do well going into the future and I am closely watching but What I bought with the proceed is now about 15% up and still going. So, maybe more monety to get back in when and if I want to

megawealth01:
Wale go wyne you but no panic if you bought with reserved funds

I reduced my exposure last week. Maybe I could replenish again if it gets to 40 but there is no sign that they are ready.

mikeapollo:
Wale and his uncle say ''e lo f'okan ba'le''

I believe they will continue to grow and dominate the market going by the recent acquisitions.

Sunrisepebble:
I no longer have. Waiting on their Q1 to see what action to take next. I’ll use the gunpowder from GT and Zenith dividend

OANDO continues to dig for sweet crude . Hopefully, it would hit at 40. Brent is 112 atm.

PRESCO might be prepping to join today; market closes at 4. still enough time. I play both.

Sunrisepebble:
It’s lonely at the top. Lonely lonely lonely ….

debeey87:
Investor UBAKUDI

Saw a signal that the banks may do well, so, I bought Zenith and Wema. I'm over 80% up on my Zenith already. The success with Zenith coupled with their impressive dividend made me think UBA might do well too. Now I'm just going to become an investor in UBA

SonofElElyonRet:
Classical case of nobody knows tomorrow

To think I sold a good portion of my Wema to buy UBA 😩😩
Meanwhile, normally I no dey do banks o ☺️☺️

debeey87:
make tony come pack him cheap offer, meanwhile Wema is on steroids

You posted a link debunking the false alarm and yet, you still decide to see smoke without fire. The lack of trust in anything government by nigerians is at a level not seeing anywhere in the world.

chimex38:
Vehicle Tax Debunked
https://punchng.com/no-new-tax-on-vehicles-nrs/


I sha know say no smoke without fire

It will be short-lived. There is nothing to sustain it.

mikeapollo:
Wetin we see today?
Oando dey shake body, tanda gidigba for the whole day?

If you allow your intelligence to be insulted, na you sabi. Where in that comment did you see any justification for your alleged lack of due process?

HesInMe:
Stop insulting our intelligence abeg. There was no tender for the largest construction project in Nigerian history, and no justification for the sole-source contracting.

What are we doing? Up is down, down is up, the sky is brown, the ground is blue.

Anyway, let's stay away from the politics here. The wave of public construction is positive for the listed cement makers.

The koko of the matter is, make dem bring hitech etc come market make boys benefit. If it is about rules and due process, not even Jb is clean (someone showed you instances of alleged foul play involving jb); this is Nigeria. Make dem just open legit avenues for boys to partake

mikeapollo:

Every company has the right to grow., and should be encouraged as much as possible and allowed to grow.
But to bypass all laid down rules, procedures, laws etc. and award very huge, strategic national contracts to cronies with dubious records, who have had little or no record of capacity and competence in projects of such magnitude, without any tender, no bids, no senate approval, no budgetary allocation etc. creates huge problems. Unless Nigeria are docile gluttons who swallow everything without asking key questions.
This is what caused the clash between Rufai Oseni and the Minister.
I don't have any shares in Julius Berger whatsoever.

Anybody that tells you that Julius Berger only became the preferred contractor of FGN under Babaginda may not know the history of JB in construction in Nigeria,....that is why I included the years some constructions were done

The companies getting new jobs now will also add the new contracts to their own lists of projects done in Nigeria. How that one come be bad thing?
be like say bro Mike don load JB full bag

mikeapollo:
God bless you.
Again, most of the major infrastructure construction projects in Nigeria from 1960s were built by Julius Berger:

Eko Bridge in Lagos, 1965.
3rd Mainland Bridge(Phase1 1970/1980s),
New Carter Bridge, Lagos, 1966
Tin Can Island Port (1977),
Lagos Ibadan expressway, 1970s
Apapa Oworonshoki Expressway, 1975-78
Warri Port (1979)
Jebba Bridge, 1973
Repair of Onitsha Bridge (1970)
Lagos Badagry Expressway, 1973-78
Volks Wagen Assembly Plant(1973)
Ajaokuta Steel Plant (1980s),
Delta Steel Plant
Jos Steel Rolling Mill
Abuja Mster Plan Infrastructure
Aso Rock Villa etc. etc

....The track record in major projects speaks for itself!