₦airaland Forum

Dapromzy333:
https://news360ng.com/no-one-has-ever-defeated-tinubu-nsa-nuhu-ribadu-warns-new-terriorist-group-lakurawa/

Shameless sycophant Ribadu.
This was the man as EFCC chairman who accussed Tinubu of corruption as Governor of Lagos when Obassnjo was president . He claimed it was the constitutional immunity that was preventing him from arresting Tinubu.
Today, the same Ribadu has rushed to receive appointment as NSA under the same Tinubu that he accused of being corrupt.
Shameless things

zendi:
If shellholders refuse to let Oando delist from the NGX, Oando will delete the shellholders by PP capital raising. By delisting or by deleting, shellholders shall not be part of the goldmine, sorry.

Lol,
How does deleting shellholders/shareholders by PP work? I want to learn.

Harvestock01:
You also saw how Proshare tweak and polish old stories to look new? That should tell you there's an agenda to it and Proshare has a dog or is being used by other dogs in the fight.

I will sit tight and follow the season film titled "Oando"

This could be one of the thorny issues that may be raised if Oando decides to do an equity fund-raise without putting some clarity and finality to the matter. Although an equity raise (from the public) is more or less a confirmation that they are no longer delisting.

robobo:
The debt raise (bond) is to pay down on some of the expensive loans procured earlier in the year to close the ENI deal (check the notes to AFS 2023)

But the ENI deal was executed with loans from Afrexim Bank, with more favourable rates and terms.
The debt raise may rather be to settle other expensive, commercial loans that were taken for working capital support and operations.

robobo:
the 2023 AFS stated that they intend to wrap up bond in Q4 2024 ( i doubt if this is possible again) then thereafter follow up with equity

meaning they are looking at maybe H2 2025 or early 2026 (when some result reflecting ENI's purchase would have reflected in result.

Oando already took some loans in 2024. Their ability to manage and pull through 2024 is even a surprise to many. But the interest finance costs is becoming a huge drain on the profits.

yMcy56:
Lol.
Once these guys are ready forget o....
They knows how to go about it and make it happen.

When UBA fixed RI for 35 and was announced when trading below 28, they knew how they moved the price above 30....

UBA dey make profit and declare dividend ooo, so the market would always cooperate with whatever they decide to do.
Alternatively, Oando can obtain shareholders approval to go for private placement if they know where to get the money without coming to the larger market. If they come to the public market, many issues/questions would be raised which they may not be able to answer, unless it is on the heels of very good Q1 or H1 2025 performance report.

yMcy56:
All offers at days low mopped up
You can sell if you think your BP is rising nah.
OANDO is coming for fund raising, we don't know at what price yet but there may be pumping when the time is coming near......
Not any form of certainty that there'll be pumping but highly likely once the price is determined....
Again, not still sure of the means of fund raising, may be in form of Bond or equity.

Oando better wait until after releasing H1 2025 results when they incorporate inflows from ENI's assets and showing very good bottom line before coming out to raise funds.
Otherwise, they fund-raising could raise more questions and probably fail to rake in the required funds.

Sunrisepebble:
I’m yet to look at the numbers myself but what is the fair value of Oando. And why is the profit so low compared to the enormous revenue?

From the accounts released so far, Oando has been engaging in huge Supply & Trading activity to boost their revenue. Incidentally, the same segment is sometimes also responsible for their huge losses, apparently due to volatility and fluctuations in prices of crude/refined oil products, as it affects their business.

Their highest profit margin (percentage wise) comes from Exploration & Production (E&P), which is basically the crude oil that they extract from the ground and sell. This segment also generates the highest margin for Seplat and Aradel. This is why the new oil fields acquired from ENI will be key to Oando's future prospects.

By my own rough analysis, the ENI fields could add about N150-N200b or more to the bottom line of Oando annually, as new operators of the fields.

REDshouse:
Finally Dangote have his way to monopolize the oil industry same way he did for Cement that is no longer affordable to the common man ...dangote cement is 9k per bag ...

Allow every one to compete evenly in the biz. This is only way to reduce price

Others should be allowed to compete, but strategically and economically, it is better we encourage more investors to establish local refineries.
The FG/NNPC are the problem!
What they should have done is to agree to sell the crude to Dangote in naira at a pre-determined fixed exchange, and then negotiate and agree to a pricing template so that citizens could buy the products at reasonable, affordable prices from the refinery. This would ensure that Dangote does not take advantage to make excess profits.
But the NPPC adding their own margin/markup on something they did not produce shows how irresponsive and irresponsive the FGN/NNPC are about the negative impact of the price of fuel on the economic hardship of the people

KarlTom:
Something is brewing in OandO.

This media hype is quite unusual...

Let us keep watch and monitor what is going on or coming from the ENI oil fields (which is E&P) and the Okpai power plants. The
E&P segment/sector yields the highest profit margin (%) for Seplat, Aradel and Oando itself so what will be coming from the ENI fields will be very key. But Oando may have to do some staff rationing/right sizing in the nearest future in order to maximise the gains from the acquisition because of ENI staff .

iwaeda:
https://nairametrics.com/2024/11/11/presidency-directs-n5-4-trillion-subsidy-savings-toward-nationwide-development-initiatives/

Foolish talk. Which infrastructure ?
For dead people to use the infrastructure after they die of hunger or what ?

SAK:
You can't compare ARADEL with OANDO. ARADEL is well managed i.e good corporate management. Their result is always timely and they have consistent history of dividend payments.

I was referring to the performance of the two stocks on NGX, especially when Oando gained in price.
Aradel has been going down consistently until when Oando started going up.
Some of these things may or may not be necessarily incidental or coincidental.

You are comparing 2 companies in terms of corporate governance and return to shareholders.
A company and its stocks may not necessarily have same performance. Don't mix the two.

GeeKudi:
My question: In all of this squabble and its analysis, where does the masses come in?
We are not interested in their roforofo, we just want to buy fuel as cheap as possible.
Who will give us this? Is it what Dangote is fighting for?
The refinery was built largely from the vault of the CBN. Dangote is now denying all of that?
What is the essence of selling crude to him in naira if there is nothing in it for us - the Nigerian market?
We just want to buy fuel as cheap as possible.

Please, let us appreciate entrepreneurs who take risk with their investments to add value and create jobs for people, while making their profit.
How was the refinery built largely from the vault of CBN?
Ten (10) Nigerian banks and two 92) South African banks syndicated the loans with which Dangote built the refinery

KarlTom:
OandO. +7.03%
ETERNA. ±
ARADEL. +10%

Is Oando now pulling Aradel along, or what?

Mpeace:
They can just chip im small dividend like geregu. N8 or somthimg like that

No available reserves to do that now, unless they are able to churn out some massive profits to wipe out the negative equity.

Zagee:
For the sake of our sanity, let us stick to circa 100

Anything can happen in the market!
Sticking to a particular target price could be very sticky!
Oando's sudden price drop in 3 days should be an eye-opener and a wake up call.

Mpeace:
If I be wale, I go just push oando to 1,000 then do RI or PO of 1billion units. That will help clear their debts.

Vawulence!
Who would buy Oando at N1,000 without any prior, recent reward like dividend or bonus to shareholders?

yMcy56:
That's non.sense
How would they publish such without verifying?
Na one bad belle write that report 😁
OANDO made profit in H1 2024
I'm sha happy that trading already resumed there.

Nairametrics initially reported figures for the subsidiary Company on pages 5 & 6, instead of Group numbers on pages 3 & 4 of the half-year interim accounts for 2024

yMcy56:
OANDO
E ku market o.

Over 50m units @N3bn exchanged hands so far.....
Now @71.90 full bid....
This market self. 😊

I suspect that Oando's price dropped sharply partly due to some error in the news (e.g. by Nairametrics) which stated that Oando made a loss of N282b for H1 2024.. I almost sold my own units because of that.
The error was only corrected 2 days ago, when they announced that Oando rather made a PAT of N62b for H1 2024

emmanuelewumi:
They are trying to manage the stock price of United Capital.

Majority of people will sell their bonus shares and will have a temporary downward trend on the stock price of United Capital.

I have sent two emails to the registrars concerning the bonus which they have not replied

Thanks for all the insights that you provide on issues in the market. Well appreciated.

yMcy56:
What type of question is this?
Or should I say what do you intend to ask?

I have not taken note of any Q3 results released by Oando in the past, hence I am not sure if they will release one for 2024.

yMcy56:
OANDO:
Over 2bn Naira done in transactions so far.....
Inching up gradually....
From low of 58.90 to above 62 as at now
At least it's now back to trading and any positive news will send it up from here....
Q3 should show more improvement from the look of things......let's see if this will drop before end of this month.

Market situation as at now attached...

Does Oando release Q3 results? Is it mandated by SEC/NGX?
If yes, then I expect the PAT to hit around N100-N150b or more .
Please ignore my posts if necessary.
This is not to encourage anyone to buy Oando.
Oando may crash. It may also rise.

iwaeda:
https://www.vanguardngr.com/2024/11/together-we-will-foster-economic-cooperation-tinubu-congratulates-trump

Who knows this wannabe?
Who are the "we"? Donald Trump and who? The clueless, useless and incompetent, certificate-forging president?

yMcy56:
Oga Mega, but this thread is not for catching cruise nah. Isn't it for serious biz where funds are involved?
Make Una dey catch the cruise softly o. 😊
We have learners like me here as well.

Person wey dey tie wrapper for waist for verandah for 2-storey building early in the morning like landlord, dey enjoy chicken with champagne!
@Mega's cruise is at a very high altitude

Mpeace:
Conoil, flying daily. Na wa oh..

The market should be bullish for the O&G stocks e.g. Conoil, MRS, Seplat etc
Oando's suspension and some mix-up about its results are some causes of its dragging down.

[quote author=designking post=132761677][/quote]Lol
You want to do some hype or Oando? Forgerit!
Better stay with your convictions and wait for the next tangible good news

designking:
Me buying Oando or Aradel shares shouldn't make anyone feel uncomfortable. He is free to share his opinion... I don't dispute that but I am also privileged to tell him my business is none of his concern.

And if he feels wounded by stance to keep buying Aradel and Oando, he is free to cry out.

Oando and Aradel are MY favorites stocks at the moment and I am stockpiling them and I am not stopping anytime soon.

If Oando falls further tomorrow, I am buying another 10,000 units of the shares.

You can make your point without throwing jabs at any one; avoid personal jabs, stick to your reasons and principles

megawealth01:
Emma and a few others have offered advises so no need me offering any than to dey catch my cruise dey go

Okay, I did not know some people had offered him advice in the past.

megawealth01:
Na our president ooooo please be civil abeg

My ''president'' would have thought deeply about my interests, welfare and others' before implementing useless policies that would negatively impact the standards and cost of living of millions of people.

samzepaparazi:
Oil prices will crash under donald trump because there will be increased supply.

Okay, thanks