₦airaland Forum

Sadly these people don't think that way.
They want to become major stakeholders rather than receiving a minute fraction as CSR...

chimex38:
This business had been there for ages.. Unless probably there isn't enough CSR spread from Okomu ..
This shldnt happen..
Make dem settle. It is well

Ding!

On TIP

This man seem to be mopping up the shares.
Maybe there is a buyout in view...

I just confirmed the Bini and Ijaw are their hosts.
The Okomu plantation happens to be the only major business (aside hotels) in the town so...
Indeed it is well...

chimex38:
Thank you..nawa o

I suggest you reach out to the registrars, IF you bought before the qualification date... Good luck

songus:
Has anybody received his AccessCorp Dividends due since April 19, 2024. I am yet to receive mine.

Oh. Thank you...

ekkywolex:
Yes. African prudential

Someone asked for the registrars of TRANSPOWER few weeks ago. I can't recall if any response was provided.
I just got the AGM notification email from TRANSPOWER, even though I do not have any.
Could it be that TRANSCORP and TRANSPOWER are using the same registrars?

E reach o.

The market needs some big news...

KayOn1:
E no reach to ask?

KayOn1:
This one Caverton has just gone on full offer - has someone seen the result?
This our market sef Abeg, make dey just release 1 good result make I exit.
Na beg I dey beg.

Plenty movement in the Insurance Sector...

Are their FY results imminent?

Actually it happens everywhere: only in varying degrees of entitlement and force.
We have the omo onile who harrass builders on construction site.
The claim of the militants can be termed host community entitlement. However, 25% is unthinkable...

BabsO2:
Looks like Land Ownership disputes. Or just the wickedness of unproductive folk that want to reap where they didn't sow. Has Okomu used all the land in the area. Are there no other unproductive lands in the area lying fallow.

Ding!

Yes. The IJAW are their hosts...

chimex38:
.
I read Ijaw group of some kind.
Are they the host community?
Probably fighting for some sort of compesation..but Wrong approach.

Is Okomu's location an[b] Ijaw community[/b] in Edo?

Actually, they are raising the bar to get a good deal during negotiations.
Now there will be an unwarranted rise in the operating costs of OKOMU.
This is a similar scenario to the crude oil discuss: SECURITY.
Recall that OKOMU has at least FOUR expatriates on their board.

This whole situation brings to mind the Niger Delta Agitation... It. Is. Well

chimex38:
Wahala...this is serious Oo!
25% + Directorship?!!!!

Two major factors that increase cost of production
1. Type of field: Desert or deep water well.
2. Security.
Let me shock you, the highest cost of production is actually USD70 for USA

On the bolded, let me give you an excerpt that was not captured by Punch:
"Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), told lawmakers last week that oil companies operating in Nigeria gave tax authorities $48.71 as their average cost of producing crude oil per barrel in Nigeria. "

That's the reason I said security is a major factor behind the high production cost. International oil companies are leaving the sector because security payouts are gulping their resources...

Mpeace:
Production cost in Nigeria is actually $48 per barrel. And sell at $70.
After cost of shipment, what is left for the company is just peanuts. I just wonder how these oil companies make profit. Little wonder the international oil companies are devesting.

Mind you some countries spend as low as $2 production cost per barrel.

The bulk of that cost is gulped by security

MD
I misinterpreted your point. You're very correct✅

Mpeace:
You forget that production cost per barrel of crude oil in Nigeria remains one of the highest in the world at about 40$ per barrel.

At USD/NGN of 1000, he might not be too far away in his estimation.

16k bpd will give 480k barrels every month.
If crude hovers around 70USD pb, that's at least USD34m per month or USD400m per year.

However there are very many deductions which could be as much as 35% of this total (royalties, non-working interest etc) ...

Also note that OML 60-63 are already churning out liquid gold
(The attached is before the computation of OML 13 output)

CAVEAT: I am not advertising OandO. Every mallam to his kettle...

mikeapollo:
Haba!
Oando's 40% of the 40,000bpd would be 16,000bpd only!

Thank you everyone

yMcy56:
You're supposed to say 'thank you' to those that replied and supplied answer to your inquiry instead.....not nevermind..

Nevermind.
I was searching under equity...

KarlTom:
Can anyone place an order for UBA on Morgan?
It is not available on the dropdown list of equity...

Can anyone place an order for UBA on Morgan?
It is not available on the dropdown list of equity...

Ding!!!

Another good news of OandO faithfuls

Oil production officially commence at OML 13 with the first ever 6,000 barrels on 6th May, 2024. This figure should rise to 40,000 bpd by 27th May, 2024...

OandO has a 40% working interest in OML 13

Haha. The door they closed is size 160.
The door of size 600 is now open wide.
It is bigger and wider, so you can reenter easily...

ojesymsym:
Almost all the time I tried this, I have not been able to reenter, I non know who I offend.

I tried it with Dangote Cement at around 160 and since then they shut the door at me.

If it's a market, then it MUST have several roads...

sterlingD:
I remember the saying no be only one road dey lead to the market

Actually I think it's the reverse.
Dividend hunters don't care about price fluctuations. All they are after is a constant or increasing dividend payout.
Whereas traders buy at a cheap expecting to sell when price goes up ...

SonofElElyonRet:
The calculation for dividend hunters is that price will cone back up after a while... different ball game for traders

@Adinije

Now you understand better where I was coming from...

KarlTom:
Div is 2.30 (actually 2.07 after WHT)
If UBA value drops 10% it'll lose 2.60.
Do the maths...

Traders are not looking for dividend

Exactly!
Something that will take nothimg less than four years of compounding your dividend to achieve...

Adinije:
Someone was able to increase their holding from around 86k+ units to 155k+ units and u say it doesn't matter? Humor me

@Vananci, pls teach me thy ways. Make I PM u

It might take longer than Monday for UBA to drop to 21.5...

Adinije:
I did same with UBA. I sold 70% of my UBA stock at 26.9. I am hoping to buy back at #21.5 on Monday

I also sold my NAHCO at 36.3, hopefully, I can buy back at #30

Agbalowomeri:
Low-block defence Lol😂

Fact remains: everyone should use whatever method, principle, theory or tactics works for them.

The ultimate aim is to make profit...

Every mallam to his kettle... ✌🏽

Let me use TRANSCORP as an example.

Proposed Div: ₦0.10
Share price: ₦17.00
Units held: 500,000
Value: ₦8,500,000
Expected Div: ₦50,000 (₦45,000 after WHT)

If I sell all my holdings at ₦18 that's ₦9,000,000 (₦8,820,000 after deductions at 2%)
If I am to reenter at say ₦16, I will be able to get 500,000 units for ₦8,160,000 (2% charges)

Profit Dividend is ₦660,000

Caveat: This is purely based on LUCK and price fluctuations.

You don't catch am...

Mfunkynation:
it's always luck with this strategy!
I know it's Uba that you are not lucky to grab