₦airaland Forum

megawealth01:
When GTB and ZENITH was suffering from Typhoid fever for a couple of days, STANDARD CHARTERED BANK came through for me...

Big guys and SCB!

megawealth01:
That's not even the reason behind my post bro.

I know, just adding some fun and twists.
Anything can happen in the stocks market. Everyone should realize or understand that simple fact.
Those who witnessed and experienced the 2008-2010 crash would not doubt or argue with that statement.

ExAngel007:
APC Chieftain has expressed concern over the recent report by the World Bank that Nigeria'scurrency, the Naira, is the weakest in Africa.

In a post shared on his Facebook page this morning, October 18, Igbokwe wondered how this has happened when Nigeria is the ‘’most endowed country in Africa with the most educated people with excellent weather and fertile land among other advantaged factors.''

He opined that almost everyone in Nigeria is just working for themselves with no one working for the good of the country.

Self delusion and empty talk is part of what is killing Nigeria!
Who told you that Nigerians are the most educated, most endowed?
Are you the most educated per capita or most endowed per capita?
There are more uneducated, illiterate, ignorant, complete idiots and nonentities per capita in Nigeria than many other African countries.
To be educated is not only about carrying certificates of degrees. The mind, attitude and character is the first area to be educated in!

megawealth01:
See talks. If NGX police start to talk of Oando now una go dey vex. Let's allow both Oando and ARADEL be jare

People think this market is emotional ba?

Oando was actually in a serious ''coma'' for many years, before it woke up again.
If it wants to slump again, let it slump. We die there.!

Aradel has not suffered 1/1000th of what Oando went through, but I wish all its shareholders the best of luck.

KarlTom:
ARADEL and OandO are awaiting results.

Ferrari + AMG speed will be a child's play after release...

Every mallam to his kettle

I have a feeling that Oando may want to release draft results for Q3 2024, which may be better than that of Q2 2024.

Quelme:
Capitalist

Capitalism is not entirely bad.
What is bad is when a government totally abandons or ignores critical policies that cater for the welfare and needs of the people.
Capitalism with good blend of welfare economics yields better results.

machine606:
is Standard Chartered Bank different from Stanbic IBTC?

Yes, SCB is different from Stanbic IBTC,

But take note that Stanbic IBTC is part of the Standard Bank group and operates/trades with that name in other countries e.g. South Africa etc.

ivolt:
Mud houses tend to disintegrate rapidly around 10+years even though it is cheaper than cement.
However, people who are interested in mud for building can go for baked bricks.
It is more expensive but last longer than cement.

No need to bash professors(who are primarily researchers, not inventors) for not reinventing the wheel.

Research should help lead to some kind of invention or innovation otherwise it becomes irrelevant and almost useless

redcliff:
Israel took out all the hezbollah chain of command in a few weeks but they cannot find israeli hostages since october 7th, 2023....dey play

The hostages are probably already killed by Hamas

press9jatv:
“My mother had to take my father to court just because of school fees” - Nigeria lady




https://www.youtube.com/watch?v=zVIZPIdGgu8

She does not sound like a Nigerian. Her English sounds more of Ghanaian!

chillykelly86:
You know Access has more gross earnings than Zenith and GTBank, right? All these una analysis just dey make am obvious wetin una dey do.

I think it's just better for me to stay away from responding to these Oando posts.

I did not say Oando is more profitable than Seplat or any company.
Profitability can only be established after considering other factors like costs efficiency, economies of scale, overheads etc.
The share price valuation will also be affected by the earnings and dividends per share etc.
Seplat has about 588million shares and Oando 12billion shares. Hence, Seplat shares can easily command higher value than Oando even if Oando is making much higher revenue, all things being equal.

Do not read extraneous factors into what I typed!

Tpharell:
Let’s understand that the Agip acquisition does not bring in additional production figures, as Oando was already there in the asset before the acquisition and taking over the operatorship.

Oando, Agip & NNPCL were in the JV and reported production was for the asset comprising all 3 of them. So Oando taking up Agip’s 20% stake does not add anything to the JV production.

What is happening is that Oando the new operator is making strategic decisions and operational interventions to boost the production

This is not entirely correct.
In a JV arrangement, each partner's ''production'' refers to its share of the total crude oil produced by the JV. Oando and ENI used to have 20% each while NNPC still maintains 60%
Hence, as far as Oando is concerned, the additional 20% acquired via the ENI deal effectively translates to a 100% increase in its ''production'' in the JV.
For example, if Oando was previously entitled to 20,000 barrels from 100,000 barrels, it is now entitled to 40,000 barrels; so its ''production'' now ''increases'' from 20,000 to 40,000 barrels.
In the absence of any other factors to the contrary, this could ordinarily translate into a potential 100% increase in revenue from the JV.
Again, it should be noted that Oando acquired other assets from ENI that were not under the JV arrangement, which could also translate to more revenue or production, in addition to what comes from the 40% in the JV..

Tpharell:
This is a misinformation i have observed here. The quoted oando production figures are for the JV not just Oando’s stake. The Eni deal is not adding anything to the asset’s production, apart from the new operator taking some bold decisions and making strategic interventions to boost production.

Seplat is different in that there is about 30% additional production that the mobil acquisition will bring onboard, even without any strategic moves or interventions to boost production.

People need to understand this difference.

This is not entirely correct.
In a JV arrangement, each partner's ''production'' refers to its share of the total crude oil produced by the JV. Oando and ENI used to have 20% each while NNPC still maintains 60%
Hence, as far as Oando is concerned, the additional 20% acquired via the ENI deal effectively translates to a 100% increase in its ''production'' in the JV.
For example, if Oando was previously entitled to 20,000 barrels from 100,000 barrels, it is now entitled to 40,000 barrels; so its ''production'' now ''increases'' from 20,000 to 40,000 barrels.
In the absence of any other factors to the contrary, this could ordinarily translate into a potential 100% increase in revenue.
Again, it should be noted that Oando acquired other assets from ENI that were not under the JV arrangement, which could also translate to more revenue or production, in addition to what comes from the 40% in the JV..

megawealth01:
My own na make Wale no carry shareholders handicap

The key is to sell Oando at a right time and make huge profits and still keep some reasonable remnant units there in case of potential future benefits e.g. bonus, price gain etc.

Trojan8:
Oando current production is 20000+. Including Eni is when it gets to 40000. Seplat is already over 40000 and acquiring Mobil should see it get to 60000+

Please check your figures again.
Seplat is doing about 49000 boe/day (about 30,000 bbl/day) .... refer to their HY2024 financial statement ).
Oando has been doing 40,100 boepd (about 25k bbl/day) since early this year.... (refer to Oando's official website)

Trojan8:
Oando average production is around the 25k/bbl. mark. Factor in a very bullish estimate, that 100k is not possible. Even the 20% upside From 4 OMLs won't even push peak average production beyond 52k. Post integration of this acquisition, Oando should average around 40-45k/bbl.

I think we are confusing the production measurement metrics of Barrels (bbl) and Barrels of Oil Equivalent (boe).
The bbl is used for the crude oil component only.
The boe combines (or factors in) the crude oil component plus other Gases, NGLs, LNG etc.
Hence the boe figure is usually higher than the bbl figure.

According to their executive in the recent Arise TV interview, Oando currently produces between 25,000-30,000 barrels per day(bbl/day) of crude oil.
On Oando's website, it indicates an average of about 40,100 barrels of oil equivalent per day (boe/day).

Trojan8:
Yeah, those there are some oil fields that came with the acquisition but can't really project how much crude oil would be coming from those especially for some that are still at exploration stage.

As regards, repaying debt I believe it lies in how they are able to improve on margins. In the last 5 years, it was only in 2019 that Oando was able to generate gross profit margin of above double figures (12.6% to be exact) . What this means is that cost of goods sold takes at least 90% of revenue in each financial year, you haven't factored in other costs. Now when you move downwards to net profit margin, they had negative margins in three of the last five years and the highest positive margin was around 4.1% in FY'21 while the highest negative was ironically in FY'19 at -35.6%. If you compare this with Seplat for example, they've always maintained GP margin of around 40% with net profit margin around 11-20%.

So I believe if they are able to be cost effective in the short term, then they should be able to clear up those debts in the mid term.

What you said is generally true but you should also remember that Oando was more of a downstream company in prior 3-5 years and margins are usually very low in the downstream sector. It may not be perfect to compare them with SEPLAT in those years because Seplat has always been an upstream player. But Oando still has to do a lot more to improve on their margins as you said.

TruthU87:
Source: https://uk.news.yahoo.com/clash-netanyahu-macron-says-israel-171905634.html

This Macron is one of the ignorant of history causing problems.
They should ask him if Jerusalem, Beersheba, King David, Solomon, Hezekiah etc. were also created by the UN

Sunrisepebble:
I don’t think that Oando figure is correct. It’s around 20kboepd. Seplat is by far the baba in the game.

Please check it on Oando's website. It is a figure that has been on the website since early part of this year. The most recent (updated) figure (even before the ENI deal) may be higher than that.

yMcy56:
Don't compare ARADEL to SEPLAT

Na OANDO and ARADEL go dey compete with time...
ARADEL, welcome to NGX

It is more like between Oando and SEPLAT. Currently, SEPLAT produces about 48,000 boepd while Oando produces about 40000 boepd excluding both Mobil/ENI acquisitions

HydraFeeds:
There's no action without a cause .

Hamas and Hezbollah didn't wake up one day and want Israel gone . Neither did Iran directly attack Israel not until Israel is violating Iran airspace and killing people inside Iran . What they will not accept or their allies accept ,Skripal comes to mind .

Their only offence is guilty by association.

Israel did not violate Iran's airspace.
The Hamas leader was killed by a bomb planted inside his hotel room. Israel did not fly a plane to bomb him inside Iran.
Get your facts correct

Appletek:
They are all mad.
Imported fuel will eventually be cheaper than Dangote fuel.

It is not possible unless they deliberately sabotage Dangote by selling crude to him at exorbitant prices.

HydraFeeds:
Even non Zionists Jews are protesting against Israel in USA . That's to tell everyone how evil Israel is and how Israel actions are affecting diaspora Israelis .

Let those non Zionist Jews go to Israel and be bombed by Iran and Hezbollah and let's see if they will be alive to protest against Israel. Then Israel and US will listen to them. Idiots!

maasoap:
US would bark, threaten Israel today but would still supply bombs to Israel tomorrow. Majority of the bombs used in annihilating Palestinians and destroying Gaza came from USA free of charge.
USA is as culpable as Israel in genocide and war crime.

What about Russia, China, N. Korea supplying arms to Iran, Hezbollah, Hamas, Houthi rebels which they use to attack and kill Israelis? Israel is only able to use its air defence systems to defend itself, otherwise hundreds of thousands of Israeli citizens would have been killed by the missiles, rockets etc fired from Iran and its proxies.
Russia gives weapons to Iran but does not talk about it.
US talks about it's weapon supply to Israel. That is the difference

God1000:
How about ending the supply of offensive weapons. We know how they are used. No more weapons for war 9criminals.

The US just put boots on the ground in Israel; this is not exactly a protest, Weapons funding is what is causing the humanitarian disaster in the first place.

Go tell Russia, China, N. Korea to stop selling and sending weapons to Iran, Hezbollah, Hamas, Houthi rebels etc.
Hypocrites always only talking about Israel and US!

CommonSense1967:
Rubbish trash.

Different races have contributed to the US weapons industry.

Which different races,? Arabs or Africans or Chinese or Japanese or Brazilians or Indians?

God1000:
How about ending the supply of offensive weapons. We know how they are used. No more weapons for war criminals.

The US just put boots on the ground in Israel; this is not exactly a protest, Weapons funding is what is causing the humanitarian disaster in the first place.

You want US to stop the supply of arms to Israel, while Russia, China and N. Korea keep supplying arms to Iran and its proxies Hezbollah, Hamas, Houthi rebels etc
You people remember human right principles only when Israel responds or retaliates, but not when they are the victims. Hamas, Hezbollah, Houthi, Iran all were the first to attack Israel and everybody was quiet!.

megawealth01:
There is a religion section maybe you will use that side

I have made 100s of posts previously, just today that I mentioned and involved ''God'', one of the best guys on this forum that I always appreciate has also joined them to ''crucify'' me!
Abba Father, please do not forsake me!
Don't worry!
I am also looking for how to make mega wealth; very soon, I will be inviting Dangote to meet me in my house for
a meeting! That is when you people will start to respect me.

Bigkelvo:
bros I agree with you my own be say make Israel attack Iran on time so we go fit get update😂 na that time you self go no say Israel na dodo with out American support and that is why before doing anything Israel have to talk with the American

Why always asking who is Israel without US support?
Who is Iran without Russian support?

Israel is a partner to US in the development of military/warfare technology and equipment.
Israeli scientists usually develop weapons, and US sponsors the mass production. That is the type of cooperation them.
The Israeli air defense system (David Sling) is a typical example of collaboration between Israel and US https://en.wikipedia.org/wiki/David%27s_Sling

godlyguy:
Africa prays about everything

And God plays a role in everything we do as humans because He created us!
What is not right is for one to pray without putting in the work!
Pray as if only God would make it happen, and work hard as if only you would make it happen! Then your success will be 100% guaranteed!

godlyguy:
The harshness will still be civil but unforgettable by the recipients

You ignored the big wish/prayer for you and still going after fights, all because of Oando?

godlyguy:
I have decided to leave oando talks till next week. You can enjoy your MH until next week

I expect all the media crews of oando to start their hustles as usual

I won't fail to harshly reply anyone that drags me on oando manipulations

As the Godly guy, when did you start replying harshly to people?
One thing that some of us (including myself) still appreciate about you is the fact that you are reasonably civil in your posts and comments. So why change something positive about you? Don't let Oando's controversy turn you into something else.
Let us disagree and still be civil. Our interests may move from one stocks to another depending on different factors.
You may even become the MD/CEO of Oando one day, you never know.