₦airaland Forum

Yeah.
Hold on to the most recent release (hypothetical or factual)

222Martins:
Go back again and look at it...and underline the word "HYPOTHETICAL" Na shareholding structure for Q2 June 2023 and Q4 December 2023 you dey see so.... Not the shareholding structure for Q1 March 2024.

That's the correct list.
The sale is yet to be finalised (second quarter was mentioned) so the stocks still belong to Heineken/Raysun...

222Martins:
Lol...........The first thing i scrolled down to read was the shareholding structure for Q1 2024 They are still showing us the shareholding structure for December 2023

Ding!

https://nairametrics.com/2023/04/27/elumelu-confirms-transcorp-power-to-list-in-5-years-responds-to-otedolas-5-05-acquisition-of-transcorp-shares/

Choiceguy:
Even wale have hinted in the last meeting that he is not delisting Oando, I watched the video when he was asked when he will resume payment of dividends,he answered soon. 😀

This submission is relative (although you did not specify how long you meant).

TRANSCORP is a very good example...

Locotrader:
No stock at NSE worth holding for long.

I am only following champion for nyash because if e no poo,e go vomit.Thats the only interest.
Once it menses up,e go collect wotowoto from me.

Salt and Sugar ... Wagwan

This man

Locotrader:
I fear no evil is not when train is coming in the opposite direction.

Stay and get crushed.

3T na your mate?

Ding!

Whereas the bolded is more likely of the two, I believe that whatever comes out of this whole shenanigans will make me smile...

Locotrader:
lol @ Loco.Hope you considered this in your optimism

If the proposed advances from the exiting major shareholders are convertible debts, which often allows creditors to convert debt to equity in case of default, it could give Mr Tinubu and Mr Boyo another option of acquiring Oando fully, both of them being the core shareholders, if the plan to buy other shareholders fails.

Oando will also consider “the issuance of stock instead of cash for payment for services to vendors until profit and healthy cash flows from profitable operations may be achieved,” according to the earnings report.

Okay. You didn't put is clearly.
It is what we think it is...

presiade:
I know. I only wanted to broach it and see if I'm missing anything. I've not had the time for the NSE in a while ...

Una just like to heat up this space,

That's a court-ordered meeting for the translation of the shares of ZENITH to the Holding Company ZENITHHOLDCO.
There's no street running here ...

presiade:
Zenith about to run investors street 41"10". Am I missing something?

Come to think of it, OandO has not released any disclosure on the Court Case...

Choiceguy:
I think once the court case over delist is suspended the price will appreciate tremendously because ordinary if Oando is not talking about delisting and have been on business like their peers Oando price won't be trading at current low price despite making loss .

If you have the stock in your portfolio by close of trading on qualification day, you are qualified to receive dividends...

MARKETJJC:
My oga, are you saying that anyone that buys on that qualification date will receive dividend? Please does this T+3days of a thing apply to dividend of a thing?

Thank you

Hmmm...

Locotrader:
Watch out what is about to happen.
Once they succeed in pushing the price down,they will announce suspension on the share price.This will be a nice strategy Wale will use to pay you off at #7.07

As things stand, 7.07 won't fly.
I think any buy out cannot be less than 14.4 which is the highest price within the last 6months...

Locotrader:
They want to restore your confidence so they will do the next offload that will take it to sub #8 and finally #7.07 which they will Ask you to cash out mandatorily

I wish the funds were there...

KayOn1:
Accumulate as much as you can?

Ding!

Mpeace:
Almost all the discos now focus on band A consumers. Here in owerri where I work, there are places that haven't seen up to cummulatively 3hr of electricity since the increase in band A tariff. Its like 10mins per week. Which I think is Just to assure them there is nothing wrong with their transformer. The focus is on band A cunsumers.

All you see on EEDC page are apologies and excuses to band A customers on days they don't meet with the 20hrs requirement.
No apologies to other bands.

I think the ministry of power made a huge mistake and need to make new policies to protect customers on other bands.

Seems like Fidelity is considering a buyout/merger.
Nothing was mentioned about raising their minimum capital...

https://doclib.ngxgroup.com/Financial_NewsDocs/40975_FIDELITY_BANK_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_APRIL_2024.pdf

While I totally understand your PoV, I must state that waiting for the release of the AFS is just to confirm available intel.
The fact that they did not release as stipulated does not mean we should disregard the AFS2022 neither does it tell us to ignore OandO entirely.
Every investor with interest in OandO knows that they are in distress, we only need CONFIRMATION so we can make INFORMED decision.
Someone often says that the higher the risk, the higher the profit/loss...
In addition, recent results may point to the state of a company but they do NOT always define the company.

In conclusion, Every mallam to his own kettle...

222Martins:
The first rule of analyzing the past/history of a company is that you must have all data up to the current date; then if you want to go back in time like 10years ago, that is your cup of tea. But withholding information from investors as a public company is a sign of distress.

The FS 2022 Q1 result of Oando that was released 2 days ago, was it prepared last month? While you keep living in denial, i want you to know that quaterly and annual financial statement of 2022 and 2023 is done and dusted. The 2024 Q1 result is also done and dusted.

The big question now is: WHAT IS OANDO HIDING? Why hide your FS and dealings from the public as a publicly quoted company? It took the big stick of the JSE to force Oando to release AFS 2022 Q1, and many here are debating and dancing around as if they just received manna from heaven

Nestle, NB and other companies declared massive losses, yet, they never missed filing. Whether you are in distress or not, give us your AFS and allow the market decide the way forward. Anybody putting money on a company without using the company's AFS as a baseline information source is simply gambling with his money.

Are you saying that, moving forward, the antecedents of coys, Chairmen and Owners should not be taken into consideration when analysing performance?

222Martins:
Oando peeps are hoping, praying, debating and hanging on to 2022 Q1 Financial Statement for survival; while the rest of us are already making moves in the 2nd Quarter of 2024; and other companies are showing industry forecast for 2025 and beyond. When you talk about living in the past, this is a typical example of it. Is this not one of the 7 wonders of the NGX?

We cannot quote the FY2022 report for dealings in 2023.
Let's wait for the official release.

Also, making a loss varies. Reason I said 2023 will be better

Definitely the revenue has increased...

mikeapollo:
It is reported in the 2022 Accounts that Oando made losses for 2023

Adinije:
Lol, e be like say u bought at #12

The cost of sale is still a mystery...

ndept:
Good summary/analysis no doubt. The highlight of the recently released 2022 report should have been centered around the sale of all oando retail outlet to NNPC at the cost of 359 million dollars around October 2022. But I am yet to see where the proceeds is reported in the AFS account. Does anyone know where the money was accounted for, or did it just disappeared?

Dey play.

TOE once said he does not plan to list the POWER arm until around 2027...

Zagee:
Personally, a worst case scenario for me is, if they go private. They are not ready to liquidate as stated in their report.

I'm not a fan of lenghty reports but I will try and summarize.

Let me refer you to page 12 of the Annual Report, you'll find this paragraph:

"OML 56, OML 13 and OML 60-63 are currently the crude oil and
gas producing assets while Oando PLC engages in supply and
trading of crude, refined and unrefined petroleum products.
These entities account for 100% of Group revenue recognized
being N1,994 billion for the year ended 31 December 2022 (2021:
N804.8 billion)."

That's a revenue increase of 148%

Recall that in September, 2023, OandO Energy Resources (OER) bought 100% of ENI's interest in Nigeria Agip Oil Company.
This transaction does several things:
1. It DOUBLES OER stake in OML 60-63 (formerly 20%, now 40%). OML 60-63 are the few OER assets that are currently in PRODUCTION stage.
2. Oando’s total reserves (based on 2021 reserves estimates) stand at 503.3MMboe and the transaction will deliver a 98% increase.
3. It grows Oando’s exploration asset portfolio through the acquisition of a 90% interest in OPL 282 and 48% interest in OPL 135.

I strongly believe that 2023 FY will be better...

Zagee:
First off, lovely literature.
Secondly, its not different from the travails of the Nigerian economy as pertaining to the O&G sector of which bulaba seems to be solving with the use of TanTita and what not. I'm sure they can ride on the back of the president to scale the envisaged bond.

Talk of shares issuance not yet concrete, some positives. Revenues are peaking, wars are ongoing, summer is coming and oh beautiful winter is again on the horizon. All these are giving me a pointer to an increase in oilprice ($100 but not likley) benchmark, which the US might prefer instead of upticking the interest rate?(US folks should tell us)

I'd like to see 23FY as to what degree the oil prices have helped them.

Cc KarlTom

Pages 10&11

Zagee:
Please give me a page. I might have missed out.

Ding!

Dividend hunters are selling...

sterlingD:
What is happening to Access?The price is dipping

Mfunkynation:
Morgan capital stock recommendation is sh!t... are there really current with the current price of shares!
or na just copy and paste

Ote is the Chairman of FBNHoldings (as at today)
Tunde Hassan-Odukale is Chairman of FB

https://doclib.ngxgroup.com/Financial_NewsDocs/FBNH_-_NOTIFICATION_OF_APPOINTMENT_OF_SEGUN_ALEBIOSU_AS_ACTING_CEO.pdf

vacanci:
who is the chairman of first bank

Tunde Hassan-Odukale or Femi Otedola

i am seeing different reports having their names

Ding!