₦airaland Forum

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +2.65%

Agbalowomeri:
Make water no carry that your leg join

If this is anything to go by, then we can expect acquisitions in:
3 more countries and USA (OECD) PLUS an additional 40mn customers

https://doclib.ngxgroup.com/Financial_NewsDocs/37420_ACCESS_HOLDINGS_PLC%20UNVEILING_ACCESS_CORPORATION%27S_202.pdf

KarlTom:
ACCESSCORP 2027 Outlook by Business (published January 18, 2023)

https://hallmarknews.com/access-corporation-posts-five-years-strategic-outlook/

Ding!!!

The loan is backed by [and repayed with] crude. The loan terms usually specifies a base amount (benchnark price) for a barrel of crude which will determine the number of barrels that will be repayed (this figure is not public knowledge).

Major debts include:
1. RBL to finance the NAOC acquisition.
2. Project Gazelle 1 & 2.

Profit is calculated AFTER all deductions including debt servicing (usually tagged finance costs).

Streetinvestor2:
let me understand the accounting practices here.Are you saying as you sell the crude. You remove money pay back loan.Not talking for debt servicing before preparing your annual results being sent to tax authorities or government regulator.Is this only applicable in this sector. That means
na watin you like you tell government so that you invade appropriate tax from money realized.
IIs this how aredel and seplet equally prepare thr own financials.
If na so as businessman I no suppose dey pay tax as I dey always owe.So I go use that style finish the whole money .
Then why whr people insinuating before that wale will come to market to raise funds to free the company from debt burden

Dear StreetInvestor2

I need to drop my 2cents on the perspective of Sunrisepebble.

RBL is the bane of OandO returning to profitability soon.
Why? Because the last time I checked, OandO has an estimated reserve of 1billion bboe.
Every, and any lender, will gladly offer loans based on these reserves (which are in-demand commodities).
We cannot blame OJT for trying to milk every available privilege during his uncle's tenure.

So where do shareholders find themselves? Somewhere in La La Land.

So, my advice is be prepared to wait until OJT and co have a change of heart else...

PS: I am very keen and vested in O&G

Dr Mike Adenuga owns about 25% of Silverlake Investments.
That takes his percentage holding in Sterling HoldCo to about 11.88% (5.63% direct + 6.25 indirect)

chimex38:
AFS for Full year 2024 isnt out.
Expect it on or before 28th June as per their last disclosure.

Adenuga is not a majority shareholder.
The majority shareholder is Silverlake investments Ltd-25%
Adenuga is a shareholder of about 5.6% as @Q3(Nov 2024).

Anytime before 11:59pm is today...

Streetinvestor2:
Oando you go collect if we no see result today.
Even if na my papa get the company. I will stand by the truth irrespective of my money in it.
Onado you better bring out result as promised today....no excuse

Yes I saw the article.

I was just curious with the volume traded within the opening half-hour...

SonofElElyonRet:
Copied from nairametrics post on Facebook

ARADEL. ±
CONOIL. -9.99%
ETERNA. ±
OandO. -5.83%

Comparison with "the world" is what turns me off especially when we fail to consider other metrics

We've lived through successive tenures who promise one change or the other but at the end of the day little or nothing changes.
Our natural and human resources are being 'wasted and pilfered' before our very eyes.

Let's advocate for [and institute] good leadership, we'll see that all these seemingly great issues will vanish...

GeneralDae:
We have to increase revenue tremendously for the borrowing to slow down. In my opinion, we should have increased VAT from 7.5% to 10% as proposed by tax reforms but law makers turned it down. Our VAT rate is one of the lowest in the world if not the lowest.

This Government has done more of domestic borrowing. In terms of external debts, they have only increased it by approximately 2 Billion USD to 45 Billion USD at the end of 2024 from 43 Billion USD in May 2023. It seems they are yet to access majority of those World Bank loans approved in 2024.

But, the optics is bad with some wasteful spending and the NASS keep padding budgets like they’ve always done since 1999.

You sure say na 45m OR 450m

SonofElElyonRet:
Nairametrics - BREAKING: Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion

Very annoying...

Mpeace:
And yeye transcorp just dey look like mumu as him brothers dey move

Ding

TOEWay
Direct: 195,126,906 units
Indirect: 2,392,387,243 units via Heirs Holdings Limited (1,859,003,900), HH Capital Limited (302,296,875) and Heirs Alliance Limited (231,086,468)

SonofElElyonRet:
Nairametrics - BREAKING: Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion

Streetinvestor2:
Lol,you don cash out already in the ellahlakes.I knew the target was to push it to #3.50 starting from forest stomach waves. The forest guys wanted to bail out

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -2.04%

In this market...

KarlTom:
Take a trader's word with a pinch of salt 🤏

veecovee:
Aren't you the one who said will sell Ellah @7 why sell now?

It's still there

yMcy56:
...

Btw, bot deleted Oga Emma's post on Michael Ojo Ade. Sorry sir.

3,858,173,594

Locotrader:
Total shares is how many now?
Remember another fund raising is around the corner for working capital

Ding

Yes o

thebargainhunte:
It remains our darling Oando

You have a point.
However, we can safely agree that a farmer can only generate revenue from the sale of his produce...

thebargainhunte:
It is ambiguous, they should have stated where the revenues came from.

In summary:

Revenue, from sale of produce, increased from ₦18.96m in Q ending 31 January to ₦68.73m in Q ending 30 April.

Someone gave a pointer that this increase in sales revenue implies that the palms are fruiting.
All that is left for SP take off is the commencement of milling...

thebargainhunte:
Ellalake don release their bomb, make Una check am, make Una no forget to tell us wetin dey result.

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +2.73%

RE: ARADEL AGM

The Board Chairman, Mr Ladi Jadesimi, announced his intention to step down by close of business today, 28 May, 2025.
Likewise Mr. Ede Osayande wil be stepping down by close of business today.

Mr Ladi Jadesimi has spent 14years on the Board
Mr. Ede Osayande has spent 11years on the Board

Either of Mr Gbenga Adetoro or Mr Afolabi Oladele to become Chairman

ARADEL & NAHCO DIV landed

That was the aftermath of Mr HOWigwe's death...

vefexam:
I am super curious on what happened to access bank stock on the 18th of feb to march 2025.... the share fell for days. Initial i though it was the dealth of wigwe but i googled and saw that event happened last year (feb 2024)... does any one here have an idea?

+20

dapix:
OKOMU up, HONEYFLOUR up

Ding

Celebrate little wins...

SohSoh:
WEYTIN BE THE OPE INSIDE ARITEL MOVED, SINCE NOVEMBER 2024 PRICE : 2157 TILL TODAY MAY 2025 PRICE : 2372.5 THAT IS ALMOST 10% THERE IS NO OPE!!

ARADEL. +4.76%
CONOIL. ±
ETERNA. ±
OandO. -1.85%