₦airaland Forum

SonofElElyonRet:
I don order 500k units with patient funds.. not looking like it's gonna be buyable today though

Big men doings!

SonofElElyonRet:
Now looking it's direction but fill me in on your reasons for being so bullish about DEAP.. nothing positive in the news and results not encouraging..

They have very good prospects of generating relatively high income and profit for 2025 compared to previous years, among others

Erniemax101:
That ship has sailed, I'm sitting handsomely @Morgans capital

It is still advisable that you confirm the calculation by yourself in case a similar issue comes up again with the new broker.

Erniemax101:
This was what I thought but see the explanation Bamboo gave me in the 6th correspondence I posted here

Ask for a comprehensive statement ofi your account showing your trades and do the calculation yourself

Erniemax101:
Hey man, just to be clear—we’re not fighting. I’m a lifelong learner and always open to being corrected, so no hard feelings at all.

That said, I’ve got a question: let’s say I buy Oando stock, then sell everything and completely exit the position. Later on, if I decide to buy the stock again, does my average cost start fresh, or will it include the previous transactions from the past that I’ve already closed out? Please I want the house input on this,

Your average cost will start afresh if you sold everything completely from the previous transaction.
The calculation is based on a moving weighted average but it will start afresh after you sold everything and closed out.

megawealth01:
It's not about how old na... It's about usability

Ok oo.
We wait and see how it goes

KarlTom:
Refining technology has moved on.
Even the spares of some installations will be difficult to get.
The efficiency is also a concern. etc

After spending billions of greenback on botched maintenance, I think we all know the answer...

A lot of refineries around the world are older than our refineries and they are still functioning and producing

KarlTom:
Mikeapollo

I recall several British and German engineers who I worked with in the last few years of proper refining at WRPC and I can tell you for a fact that those refineries, in their current state, are full scale liabilities.
Over ₦20trillion has been spent on rehabilitation or/and maintenance since 2010 with little or nothing to show.

That's enough to build a Dangote Refiney with some change...

Is it not possible for the refineries to be retrofitted or re-engineered to work properly?

destinychildolu:
The president has his private life to live
Not all his movements must be disclosed
What about if he wants to spend a week with a side chick, will it be announced

Stop the ignorance and silly lies !
Have you heard such thing about the US president or UK Prime Minister before!
The whereabout and location of the president must be known at all times

chinonsobest:
Thank you Chairman. However WAPCO is different, we might not witness a drop in price as far as they keep bringing out good results.

Just checkout their recent result and you would be very impressed with their fundamentals.

Myself keyed in to enjoy the dividends, and the proposed buyout is Jara.

People rushed to sell off Oando because they are not expecting any dividend anytime soon.

Yeah, you are right

megawealth01:
I think the refineries sale would happen in second term sha

Okay ooo. Let's hope for the best.
It would be oversubscribed though, if it is by public offer.

SohSoh:
Did you read this news article ... a company can couldn't repay or manage 940 million loan... is seeking 250billion

They should issue commercial paper least see if they can repay since company like Dangote, Fidson, Mecure industries are all issuing commercial paper Ellah Lakes should issue commercial paper ....

I think the N250b is equity capital, which they can use to pay off the N940, mand other obligations and to

SonofElElyonRet:
If a new government revokes the agreement then they'll pay heavy damages..

Do they care? They still can do it just because iof politics or vendetta especially a vindictive govt.
Afterall they would not use their personal funds to pay the damages

Olaide1295:
Correction: Those refineries are national liabilities, not assets.
I don't think the sale will happen before the elections for political reasons. So anyone speculating should be careful.

Correction:
Those refineries are assets, not liabilities.
Anything that has value and would give you money when you sell is an asset
They have become "liabilities" because of our corruption, mismanagement and probably incompetence.
Those refineries would work perfectly if the original builders ( i.e. foreign engineers) should take over and run them.

SonofElElyonRet:
Are you saying Oando is not fit and qualifed to run a refinery? Or just because its CEO is related to the President that disqualifies them? Oando has the capacity.. no scandal if a refinery is sold to them. Nothing will happen

I am referring to the potential issues of corruption, conflict of interest etc and how Oando may never be able to convince the populace and potential foreign investors that the deal was transparent, fair and above board .
And it could be revoked by a future president.

The refinery in far away Trinidad and Tobago is even generating a similar problem because the opposition party has already threatened not to recognise the deal when they come to power i.e they may revoke the deal

KarlTom:
It's the refineries that are likely to be sold NOT the entire NNPCL

IMO, the refineries are a hole in the pocket of the FG & NNPCL

"Refineries' was ommitted in error in the particular post
The discussion is about "🤭NNPC refineries"

Raider76:
Did anyone say sell NNPC? It is only the refineries we are talking about. Selling them is not taboo. It was done by OBJ before.

If you follow the thread from the beginning to end you would realize I was referring to NNPC refineries but "" refineries" was only ommitted in the bolded clause you refered to.

megawealth01:
If he sells it nothing will happen bro

My brother, there could be endless court cases and political action (e.g. protests) that may affect the transaction which may affect the share price.
The political risk will be too much and the whole thing may be revoked by another govt. the same way YarDua revoked the initial sale by OBJ.
If Oando would be involved, it should be part of a consortium e. g Aradel, Oando, Renaissance etc .

Raider76:
All they have to do is conduct and open and transparent process. Remember that OBJ sold the refineries before. So there are reference prices.

There is no amount of open and transparent process that would convince the Nigerian masses if Tinubu should sell a national asset like NNPC to Oando, a company owned by his nephew.
The critical importance, controversies and corruption around fuel and petroleum products and the ignorance about business and corpotrate governance in Nugeria is too much.
Oando should not even bother to put in a bid if they love themselves.

Sunrisepebble:
It’s not an expense on the income statement

You would not see the whole CAPEX cost as a direct expense but it would increase annual depreciation charge as an expense.
Generally speaking, a significant jump or increase in production-related CAPEX should lead to higher capacity to produce more, and higher profitability in mid to long term.

Raider76:
Me, I will predict that this Government will sell its refineries in 2026, and Oando will be a buyer.

It would be the biggest mistake if Tinubu should sell NNPC refineries to Oando after all the controversies about the sale of the filling stations.

Smartcitizen:
Maybe she is some of these bloggers who collected money from APC people and refused to lie again for conscience sake.


APC people are diabolic that's why most people are behaving like children here because of their influence.

I don't want to call names though....


🥱🥱🥱🥱

Some of you don't know how to reason and talk rationally when something like this happens.
This should not be about politics.
Your sense of reasing is not better than the APC you are criticizing

Sunrisepebble:
I agree with the bolded but CAPEX doesn’t affect profitability, only cash flow

CAPEX may influence profitability.
You need to acquire machines and equipment to produce more and sell for profits

SonofElElyonRet:
Must it take so long

Would you invest in an NNPC refinery the way they run right now?
Let them sell if they want to sell and the new owners decide what to do with the refineries.

chinonsobest:
Which Nigerian investor would sell WAPCO for N111.6? When the Chinese are ready, they would come to table for discussion.

Go and ask what happened to Oando delisting. For Naija, we know how to play this game. Last last we go use court adjournment frustrate their life if they no wan pay better money.

Protracted court adjournments may discourage investors also affect the price negatively as it happened to Oando too.

Locotrader:
I am very surprise to hear this from you.

Why are you surprised?
Hope I have not offended the powers that be?

SonofElElyonRet:
Opportunity to load up ?

You again, on Oando matter again?
I no wan hear say you panic sell off again oo?

megawealth01:
Is there elections in LAGOS, Nigeria? And it's not viral?

Meanwhile @Megawealth, your recommendation on DEAP CAPITAL made me do a few checks on the company.
I am glad I did. The company is a good pick. I foresee it hitting N5-N10 or more very soon
Thanks a lot.

DYOR / NFA

megawealth01:
Is there elections in LAGOS, Nigeria? And it's not viral?

Yes, LGA elections.
No movement until 3pm

NajibatAde:
Hi everyone, I am new to investment. I came across this post while researching which stock is a good buy at the moment. Are there any stock recommendations, as I couldn't read the whole 9k-plus posts? I would appreciate a response. Thank you.

It is better you develop interest and find time to read. It will help you much better than relying solely on recommendations by others. There are several recommendations in the last few days on this thread.
Even if people recommend stocks to you, you should still put in the effort and read about the companies, their recent audited accounts, sector/industry news, govt policies affecting them, competitors in the sector etc.
Some guys do a lot of research/reading before they are able to discover/recommend good stocks

Experts, over to you...... waiting for your recommendations

HesInMe:
Honestly, there are some stocks that shouldn't be promoted to the general public. VFD is one such.

It's like a hybrid between private-equity firm and a merchant bank. They have some glitzy marketing, but I guarantee that 99% of people here can't properly value this stock: Most people don't have comfort with concepts like "expected credit losses" and "impairment of goodwill," which are key to the value of VFD.

Leave this one to the investment pros. Simpler ways to make money and sleep well.

@HeInMe. Yes, God is in you. So, selfishness cannot be in you. Your are delivered from it!

ositadima1:
Na malt you dey drink? No wander ur voice they like so...

Na so I see am oooo .
Malt mixed with black (Stout), but it may be 1 or 2 bottles, once in 6 or 9 or 12 months or none whatsoever.

But I appreciate how you ''flow'' when the ''anointing'' fall on you.