₦airaland Forum

ppogba:
Activist investor will find it difficult to penetrate if you acknowledge the fact that AIG himself na guy man. Besides, they own the majority of the shares through various means, proxies inclusive.

The solution na make person leave their bank for them.

Instead of praying for Access, I will take the time praying for HELL RUFAI.

ppogba:
Good Morning.

Bros, forget about body language.

Forget about being punished.

Though debatable, the access management has the least integrity in the banking sector for now. You can never trust their words especially where and when your life is involved.

ositadima1:
My target is above ₦100. I think FIRSTHOLDCO may be chasing after ZENITHBANK and GTCO. If it moves above Zenith, the real question will be: Can it sustain strong dividend payments, or is the buy side simply deep enough to keep pushing the price higher?

Disclosure: I bought a few months ago and still hold a position.

manwomanok:
Have you been paid?
I received coupon for the one with Stanbic Bank Custody on 19/05/2026, but I have not received coupon for the one held in my CSCS account.
Has anyone had a similar experience?

NSEstudent:
Hello, it’s the FGN Bond 19.89% May 2033. The coupon was due on 15/05/2026. Any one whom has received or payment is outstanding, kindly let the forum know about it.

Is this FG Bond or FG Savings Bond?
Mine is savings bond. It was the 2 year savings bond done in 2024 and matured 15th May 2026. Coupon was paid but not the principal.

NSEstudent:
May 15 2026 FGSB coupon paid uncharacteristically on due date.

Youngzedd:
GTCO has done it again.

2024 total dividend: N8.03k


14.08% yield using the 31st December closing price of 57 naira.

emmanuelewumi:
2025 forecast for the Oil Plantation in Ghana

Revenue GHC 752 million (N78 billion)
Gross profit GHC 377 million (N39 billion)
Operating profit GHC 376 million (N29 billion)


2025 forecast for Presco.
Revenue grew at a compounded annualized growth rate of 52% from 2019 to date, it actually grew by 88% between 2023 and 2024. For the purpose of this forecast I will use 40% revenue growth,.
Gross margin for 2024 was 76% but I will use 70%, Operating margin for 2024 was 62.5% but I will use 55%

Revenue N224 billion
Gross profit N157 billion
Operating profit N123 billion.

Combined 2025 Operating profit of Presco and that of the business in Ghana will be
N123 billion+N 29 billion = N152 billion which is a conservative estimate

Presco currently has a debt of N58 billion the corporate bond will increase it to N158 billion. The total debt will about the same value with the estimated operating profit for 2025

With this there is a very high probability that the corporate bond will be liquidated between 3 and 4 years

Owoblowblow:
Incompetent indeed. TP is the best president Nigeria has had since independent. No worry , wait till 2027 to vote him out. What were you expecting when TP got him. As far as I'm concerns he is doing his best to make things better. I van not imagine any of the candidate that contested with him to do better. Nigeria was skeleton when he got him. Can you imagine a country subsidising forex for people to go on pilgrimage etc, no production etc. I beg leave matter.

Agbalowomeri:
Can you beat your chest and say there is still rent-seeking currently in BAT government? Has the government not achieved the same victory against the rent-seeking cabal? Is the true picture of PMS consumption not clear now? It's all about the right strategies and wisdom. To focus only on cabal is an endless battle that no government regime will win, believe it or not. BAT chose the faster route with attendant collateral damages. It will only get better from here.

Agbalowomeri:
If BAT wait for conditions to be right, no reforms will be implemented. In Buhari's 8 years how many times did Dangote postpone launching of his refinery? A refinery that was supposed to start operating by the end of Buhari's first tenure?

BAT understands this terrain very well. Scatter everywhere first then we will arrange it back. People fail to realize that some cabals were benefiting from the status quo and will do everything for those conditions not to be met

Omooloriredade:
No be attack o. Just an opinion which has no bearing on how the market will react to the news. So here goes:

What is huge? Make we know first. The information in that annoucement is slightly insufficient to make a sound investment judgement. There's not enough meat on the bone.

Resolution 3 Summary:

* Related entities owe Oando subsidiaries in the course of doing business together.
* A special resolution is being proposed to have the debt owed transferred to Oando the parent company.
* Debt due date will be brought forward and renegotiated (with or without modifications).
* Further to above, Oando is proposing to have the debt settled by accepting shares in the debtor entities (i.e Debt for equity swap deal).
* The debt for equity swap is intended to help reduce the overall Trade receivables (not payables o) at the group level.
* Shares allocated from the debt to equity conversion is then distributed to existing shareholders of Oando on a pro rata-basis.

Questions:

1. Who are the related entities owing Oando subsidiaries?
2. What is the status of the financial health of these entities?
3. Why are they unable to settle their debt as and when due?
4. Trade receivables are revenue owed to a company from the sale of goods and services. Is buying shares in these onigbese companies the best use of company resources?
5. Can Oando reveal the related entities and if possible provide a brief summary of their financials so shareholders can make informed decisions before voting on these resolutions?
6. Would it be better to instigate an asset sale by these entities and the proceeds used to settle Oando loans or Trade payables?
7. Do these related entities pay dividend?
8. If not, are they listed on the NASD or NGX to provide an exit platform for shareholders should they decide to leave? Or at least convert their own portion of the shares to cash. Don't give me something I can't monetise.
9. Oando has quite a number of subsidiaries and related entities. Which ones are we talking about here?
10. Bonus question - Is there a subsidiary or related entity Wale and Boyo are not shareholders of? Hmm, Wale why are you not paying up for for good and services rendered?

Positive:

1. If the related entities are Asset rich but just suffering a temporary cash crunch.
2. Deal is done at favourable valuation for Oando shareholders i.e entity shares are not overpriced at conversion.
3. OODP (Wale and Boyo) will not be voting. Outcome lies solely in the hands of minority holders (same as the delisting in case anyone didn't know that).
4. Huge positive - converting trade receivables to shares in an asset rich company and transferring same to existing shareholders could be the company rewarding existing shareholders. Basically, the company is proposing to pay out a portion of its income to shareholders. A dividend of some sort. In a way, Question #4 could be a blessing even though Oando still needs to address its huge debt too.
5. Qualification date for this distribution is the date the resolution is passed. Note this one. 17/12.
6. The directors might be seeing light at the end of the tunnel, hence their decision to go this route. Otherwise, it shouldn't be the near-term course of action. Settle your own gbese first before thinking of rewarding shareholders (that is if it's a reward o. It might well be a curse especially if it could have been better spent for the overall good of the company and to reap the reward latter).

Disclaimer - My 2 kobo. My post could be grossly misleading so please DYOR. Not a recommendation to buy or sell Oando.

Sunrisepebble:
Wapco is separate. I shared some information here because I heard gist as to why there is renewed attention in the stock, it may or may not be true, however it is the same source who pointed out Aradel and FMN gist to me also. He mentioned Chinese company, with no specifics, in doing my own research I saw that a Chinese company had previously acquired some other Lafarge african subsidiaries. That article added some more credibility to the gist

Sunrisepebble:
https://www.globalcement.com/news/item/13460-huaxin-cement-completes-acquisition-of-plants-in-zambia-and-malawi-from-holcim

MadmaxX489:
Hello, who subscribed to the FGN May 15th 19.89% bond? Payment was due today but did not receive any payment. Who is in the same boat?

Reelz:
Any good reasons why tbills that matured Nov.7 is not yet paid as at today..
Can DMO be contacted.. @freeman

Sunrisepebble:
UBA RI #35. Explains the recent volumes

Streetinvestor2:
This attack coming left right and centre because someone is saying his opinion on oando should stop or else I will make this thread scatter. I have posted alot about sugar I have plenty millions investment and everywhere is calm.Then you with you shishi in oando feel you are an attack dog.
Let it continue and some people who feel they have a cabal here just kept quiet because they are involved. Let it continue and you will hear from me on Monday on oando. God know I know send person before and don't know how to be gentle too
If you are not ok on oando post just jump and pass.And if your life is tired to oando and this thread is your place for oando to meet its targets and not nse floor then get ready for Monday.i didn't want to talk about it because my concern is in sugar not yeye betnaija way the investment no pass 20M self

designking:
What is Aradel price right now?

KarlTom:
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...
Lol 😂
If Mr A names a building a “bank” with no operating license and regulatory approvals and invites you to deposit your funds, who you do so?
Alhaji sought to play a quick and fast heist because it’s the Nigerian way of doing thing's.

emmanuelewumi:
It appears someone invested more than 70% of his capital on Oando.
You will alright, this is an opportunity for you to load more at a cheaper price

emmanuelewumi:
Easy to reference picks that went well, what about stocks that went south based on your “opinion”
In the stock market there will be wins and losses however selective bias when not in a stock should be discouraged.
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?

Promote keh, I will give my opinion based on verifiable facts and figures.

Concerning Arabel, if you are not an investor don't buy it.


I remember buying Seplat for N600 and came down to N390 where is Seplat as we speak.

I remember buying Presco at N62 and it came down to N50, where is Presco now.

All these happened in less than 5 years

emmanuelewumi:
Mr Emmanuel,
You promoted Dangote sugar merger without the facts and even forecasted a price target of 125-200 naira both on this thread and Treasury bill thread. I am sure there are many members whom bought based upon your analysis. What informed your basis that the biz was worth that price? Dangote rice wasn’t even in business but you pushed the narrative it was worth a lot than the other combined entities.
The fact we are not in a stock doesn’t mean we should be against it. Even Aradel you pushed a valuation of #700, how did you arrive at such valuation?
Selective bias is okay but do well to make full disclosure.
Regards
Did you care to read the previous auditors comment about the going concern status?

That is the first thing I read before going through the financial.

A lot of information are in that small print, but most of us don't read it