₦airaland Forum

Not saying DIV is assured for FY2024.
Although I believe that FY24 will be very good especially Q4.
Like I said recently, all the data we've been working with are for 2023...

megawealth01:
Like seriously? If they will pay dividends na from 2025

We could talk about DIV from FY24 but definitely not FY23...

BabsO2:
Make Wale remember the question shareholders asked him about resumption of dividend payment and the answer he gave.

N1 dividend from the 2023 PAT and cashflow will be a good start and serve as a proof in the hands of shareholders that he as indeed turned the company around .

Yes. You were spot on

Streetinvestor2:
Just like I was expecting or anticipating..I sensed they will default for 23 but I begged it should not pass October end

OandO

November 1

I love this!

Ginalex:
Must I experience it myself ni?... As I dey learn from una experience, e no good?

A proper TadInvestor

RodgersAkpafu:
I have a funny way of investing 😄
When I see decent "paper profits" .I always see the need to capitalise them

The format has worked for me for years
Future cashflows can be used to enter again later

My philosophy has always been:
To average down and bring cost basis low is always better than losing unrealised gains

It sounds somehow but that's how I play

This volume pass MM o

yMcy56:
UBA
Closed @30.10!
Nice job by the MM

We talk am say if these guys wan move these stocks, dem no need your Kobo Kobo

Seems @Currentprice prediction is already taking effect.......maybe ..

OandO. ± ***
ETERNA. ±
ARADEL. +6.61%

Soon...

megawealth01:
ARADEL wey I dey patiently wait for at my local junction. Make I see why E no go enter my bargain price

STANBIC

https://doclib.ngxgroup.com/Financial_NewsDocs/42395_STANBIC_IBTC__HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

619.10

Xidget:
A lot of people are waiting for Aradel at below #500. Seems una go buy am at #600+ o

JAPAUL!

https://doclib.ngxgroup.com/Financial_NewsDocs/42393_JAPAUL_GOLD_AND_VENTURES_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

phadriz:
It is Creative Accounting (Window dressing). For you to know the extent of the fraud, check intercompany payable and receivable. You will discovered that most of the group funds are stock there. Unfortunately, you can not get the ledgers because AFS is summary.
Talking about principles all will be done in line with Accounting principles, but most fraudulent transactions are hidden there. All what you said are theory.

This is my field I know what I'm talking about.

Just dey play my fans...

I'm not remotely sure you know what happens in corporate finance.

mikeapollo:
I don't agree with this, in principle.
My disagreement is not specific to company in Nigeria, but based on principle only.

The number and nature of intercompany transactions would depend on a company's Group structure, geo-locations of subsidiaries, capital equipment, raw material and service sourcing opportunities, supply chain and logistics, transfer pricing and tax laws applicable at subsidiary locations, forex availability issues, nature of business e.g. manufacturing, etc.
Some multinational Group companies have subsidiaries and business interests spread across several industries, sectors in several countries across different continents; and the above factors make it inevitable for them to have many intercompany transactions.

Speaking from experience.

Ding!

emmanuelewumi:
I have N2800 as the fair value of the stock

The Registrars, Africa Prudential sent a mail indicating a RI announcement is imminent...

They are trying to lock down the DIV income before una go use am chop catfish pepper soup finish

Blaqq2:
Abeg explain

This quote was part of the Press Release notifying the NGX and Investors of the Proposed Scheme of Arrangement.

Last line on Page 1 (https://www.wstc.com.ng/wp-content/uploads/2023/03/Oando-Plc-Proposed-Scheme-of-Arrangement.pdf)

I like how we are all trying to milk this OandO suspension sha...

zendi:
"Shareholders of Oando are advised to exercise caution when dealing in the shares of Oando until a further announcement is made."

Warning from the Desk of the Oando Cowboy himself sometime in 2023.
And should he have added you should always keep a satchet of paracetamol handy, while praying it never gets to the level for amlodipine.
This suspension could be the tip of a much deeper plot.
Even the refusal to file result could be by design, to ochestrate this suspension, and who knows what next, and for how long.

robobo:
the person wey loss and the person wey die don finally meet each other

eni to ku ati eni to sonu ti pade

lollllllllllllllllllllllllllllllllllllllllllllllllllllllllll

As expected...

UBA RI

The irony...

designking:
Aradel will profit greatly from this Oando suspension. It is a good thing SEC suspended Oando and send a warning to most companies that don't respect their rules.

Short term investors should stay clear of Oando cos Wale can even delay the suspension for the next 6months to 1year until the books are perfect to the present public.

Oando don hang many Jijo investors XMas money 😄

Very good one from CAP plc

https://doclib.ngxgroup.com/Financial_NewsDocs/42382_CHEMICAL_AND_ALLIED_PRODUCTS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

OandO. ±
ETERNA. ±
ARADEL. ±

Sunrisepebble:
I hope this means an end to the 18/19 naira days. I’ve had a lot of patience with them.

ACCESS on full bid

My final take on this:

- Have a minimum of three (3) years’ operating track record;
- Have a pre-tax profit from continuing operation of not less than N300million cumulatively for the last three (3) fiscal years and a minimum of N100 million in two (2) of these years;

Check the ff:
1. Listing requirements:
https://ngxgroup.com/exchange/raise-capital/listing-requirements/
2. NGX Rule Book:
https://ngxgroup.com/?wpdmdl=26399&ind=1605119440735

PS: DRL is not listing on its own so these rules do not apply absolutely

robobo:
My Oga "non operational status of DRL" this what we call "high faluttin language".

if money dey the company even if not operational he go dey the company account for bank (abi no be sooooo)

i beg money no dey is simply na money no dey.

lollllllllllllllllllllllllllllllllllllllllll

SEC declined because of "non operational status of DRL" (which is quite understandable)...

robobo:
Oga Karl i beg naaaaaaa

if Alhaji put any amount there ($1b or not) why was it hard for him to convince SEC that the money is in the firm coffers ( either as fixed asset or as current asset)

If I may come in on DANGRICE.

A company (not a biz name as claimed) of such magnitude DEFINITELY has Private Investors with certain percentage holdings.
Let's say a total of $1bn was invested. If Alhaji were to list 10million shares of that company, it translates to 100 per share.

Now for DANGFOOD to be formed, a valuation of ALL the entities would have been done to ascertain the ratio...

Nigeria is a sane clime too...

MadmaxX489:
Scarcasm!
I bought at 6.18 and have sold and made 8 figures profits from Oando. Members are entitled to give an opinion on a stock but full disclosure regarding your bias should be made. The fact you don’t like the stock doesn’t mean it won’t make money for others.
On a lighter note you have dogged my question;

Please enlighten me with the facts at your disposal regarding Dangote rice Ltd that informed your opinion it was worth more than the other merging entities! Dangote rice wasn’t even in existence but Alhaji chose to play a fast one. In saner climes would Alhaji have been able to pull such trick just by registering a biz name and ascribing it some thin air valuation?

Make una no vex...

Those who used to drop recommendations had been victimized in the past.

So it's up to everyone to do their research and act on it accordingly...

ice234:
So I am not the only one noticing this.
All I see here is oando this oando that.

KarlTom:
Seems the year-end bull don dey get small energy o...

See ARADEL o

Is the rebound on?

ACCESS