₦airaland Forum

Mpeace:
Abeg oh. Is transcorp on technical suspension?
No trade for first 22mins today.

No offer no bid

megawealth01:
Those who wanted to buy at below #800 no buy again?

Bagwa:
Dear Market Participants,

Pursuant to the Company’s request to withdraw its shares from trading on the NASD OTC Exchange, we wish to inform you that the shares of ARADEL HOLDINGS PLC will be placed on suspension at the Close of Business (COB) Friday, October 11, 2024.

Background

At the Annual General Meeting of Aradel Holdings PLC held on Wednesday, June 5, 2024, the shareholders approved the voluntary delisting of the company's shares from the NASD OTC Securities Exchange, subject to obtaining the necessary regulatory approvals and complying with all applicable regulatory requirements.

See details below:

Company Name: Aradel Holdings PLC
Symbol Code: SDARADEL
Date of Suspension: 11/10/2024 (COB)
Please be guided accordingly.

Thank you.

Streetinvestor2:
If you are not ok with thr delusional optimist analysis etc.You expect us to accept your smart analysis and dooms day analysis abi.

ositadima1:
Lol, in fact, Dangote will be our savior and also save the Tinubu government. In 2023, refined products accounted for about 35 to 37% of Nigeria’s total imports in dollar terms (according to the Nigerian National Bureau of Statistics).

Unless something else fills that gap, the dollar is bound to fall. If the dollar falls, the $74 per barrel will cost Dangote and other refineries less, which means lower costs for us as consumers. I haven’t factored exports of refined products into this, but with Bua and many smaller refineries expected to start operations soon, I’m hopeful.

Sunrisepebble:
I think people are overly optimistic about Eterna. Given that the downstream sector is a low-margin business , any success there heavily depends on who can save cost the best and who has the largest network to reach end users and take advantage of higher prices. Total is by far the best company in that sector. For context, they have over 500 retail stations nationwide, whereas Eterna only has 60. Btw, I bought at 20.7 and more units at 21, but sold at 30 after a 40% gain. I personally don’t see much in it. Just my opinion

Zegra:
ELLAHLAKES | ELLAH LAKES PLC on full offer.

Yemy3m:
get ready. important news out .soon.

yMcy56:
Needs to update myself on the Tantalizer info and shareholding structure self...

Think the total OS is 5bn, GTL picked 1bn now.....
Will try and check other metrics as well.

Agbalowomeri:
Full deregulation no be big news?😂

Raider76:
https://dailypost.ng/2024/10/08/dump-port-harcourt-refinery-for-dangote-oil-firm-minister-lokpobiri-tells-nnpcl/

Look well madam. New owners are coming at #1.20 with 9B plus OS

megawealth01:
I just hope to remember to remind you when it gets lower than this price

Agbalowomeri:
ACCESS the more you look the less you see. See the level of inefficiency

Sunrisepebble:
Aradel gang our 1k is very possible before listing on NGX . I have a source who has been in the stock since inception, holds 12mn units post split, every time it gains 10% it’s printing 700 million for him

Agbalowomeri:
All these banks are doing same thing
One is probably smarter than the rest

essentialone:
What about DeapCap? Is the Rally going to continue? Can I still buy it now for JIJO? The name of that company has been scaring me from buying it. DeapCap. Cap wey go Deep fit go injure me .

essentialone:
https://doclib.ngxgroup.com/Financial_NewsDocs/42250_LASACO_ASSURANCE_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

Lasaco may be returned to the Market tomorrow morning. Is it likely to rally 100% like Regency Assurance? Is it safe for me to buy LASACO if it returns to the stock market?

Ginalex:
UBA still leads in terms of dividend yield

Sunrisepebble:
What is driving Ellah? They invited a broker friend of mine over a few weeks ago and he told me nothing is really going on there besides piggery at the moment

Omooloriredade:
Production costs per BOE based on AUDITED 2023 annual reports:

Seplat - $10.4/BOE
Aradel - $21.0/bbls (Reported in bbls so refinery costs included. About 33% of crude produced feeds their refinery)
Oando - TBC

This is the fact of actual production cost. However, there are other taxes and royalties that apply in Oil & Gas production which is technically not included in determining cost of production. It is an industry standard the world over. It is technically incorrect to sum up all taxes, royalties to determine the cost of production.

As for Nigeria's interest in JV, the country has the RIGHT for up to 60% as per the PIA.

https://www.morganlewis.com/pubs/2021/12/nigeria-overhauls-its-oil-and-gas-laws-with-petroleum-industry-act