₦airaland Forum

KarlTom:
In other news

The crude-for-naira deal is scheduled to end on 31 March 2025 (initial deal was for 6months: Oct 2024 to March 2025).

I would have expected the FG and Ministry of Petroleum to get a deal over the line ASAP but the cabals might be 'pressing some buttons'.

We watch as things unfold...

I want to buy one drum of fuel to sell black market.
Dangote says he will stop selling to the Nigerian market once the deal ends as he cannot buy in dollars from abroad and sell to Nigerians in Naira.
Fuel price go soon go up

Agbalowomeri:
The dividend will surely be a problem. Anything below N6 for GTCO and ZENITH will be bashed

In as much as I do not like Access bank dividend ratio, I think they have mantained a steady rise in yearly dividends for over five years now. The only issue that may affect their dividend growth this year should be the new shares issued.
See thier recent dividend history.

Heishere:
That's why he is joining Wike to destabilize RIvers. He knows that if Fubara is still Governor nothing for him in Rivers State in 2027.

But Fubara for Play fast one by simply decamping to APC and pledge allegiance to Tinubu. Evennif na fake allegience like Obaseki use to do

Heishere:
Oga no dey yan dust. If Tinubu's aim was to return peace to Rivers he would have curtailed Wike's excesses. Afterall he is just an appointee while Fubara is a duly elected Governor. He just dey destroy the economy dey go with his reckless leadership.

You do not know what agreement Tinubu had with Wike that made him "deliver" Rivers state in the last election the way he did.
Having delivered in the last elections, be sure that Tinubu will want to retain Wike for the next election inespecially as it concerns Rivers and FCT

Another oil pipe one explosion in rivers. Na was oh. Tinubu should call wike to order before this pole touch our newly acquired assets.
No wonder IOC are selling off their onshore assets.

Meanwhile tinubu to address the nation today

Sacks fubara and appoints...

"Asset" bank should be a Case study of how company majority owners and executives live large while shareholder only get "hope" as reward.

The former CEO built a world class mansion and university etc ... as he continued to "expand the bank"
The new set are simply saying "emi lokan" (it my turn) to "expand the bank"

SonofElElyonRet:
COMING SOON: ACCESS BANK PLC SERIES 3 & 4 COMMERCIAL PAPER OFFER

We need the money for our next "shopping spree" We go soon buy world bank.
While shareholders only watch as they spend our money.

starpower:
I bought my seplat 322 in 2020 it was an oil price glut. Same occidental corporation. Bought at 162 during 2016 later to sell at 598 around 2018 not too sure.

You are mistaking. That 2020 price was not necessarily oil glut price. That was covid price.
As at 21/12/2016 (before Trump) Seplat opened for the day at 390, Oando at 4.41.

On 18/12/2018 in second year of trump regime, Seplat had already appreciated to 594 while Oando was 4.75.

Oando issues were plenty. From suspension to the whole issue with mangal etc. But iys good to know they have overcome those issues

It was covid that did the major damage not necessarily Trump.

Agbalowomeri:
You will still get it cheaper

I pray

Heishere:
Aradel needs to come down for us.

If Aradel comes down that will be great, but that stock is too cheap on current price.
If they continue this year with the result of q4 2024, then na for moon you go see the price.

Aradel and Mtn are two stocks I pray to buy before the release of q1 2025 results.

zendi:
Okay, immidiately after the Conoco Philip deal signing , oil price plummeted because of excess output through Shale boom.

OPEC+ found itself locked in competition with Shale by alternating between production cuts to defend price and production boosting to defend market share.

Oando price crashed because investors were spooked by the slow rate of debt repayment occasioned by the low oil prices.

Go and ask Wale

And mind you, Oando was the only upstream company on the market then so none to compare it with.

NB/ let's go and sleep to resume tommorow.

Make I help with some dates and info.
Trump's first term was from 2017 to 2021.
Seplat was listed in 2014
Oando was therefore not the only upstream company during Trump's first term.
ConocoPhilips acquisition by oando was done in 2014. 3yrs before trump.
Trump is innocent of all accusations

zendi:
Markets Speculating is tough, and Crude Oil in particular, I've heard somebody say, is the most fickle commodity traded.

Yesterday, in a conversation mainly with Street, I argued that Trump's intent is to crash the price of crude oil. I also predicted that, almost inevitably, the direction of crude oil in Trump years is Southwards. I still maintain those views, but l made one mistake we're always making, especially with crude oil direction.
I forgot to caveate my convictions with the line : All things being equal.
Well, while we slept last night, many things fell apart.

*The same Donald Trump hammered the Yemeni Houthi militants mercilessly by airstrike for terrorizing the Mediterranean shipping routh.
The strike is said to be only just the beginning .
*Trump ordered Iran to stop supporting the Houthis or....
*Houthis are vowing that America will hear from them.
*Iran says Trump has no authority to dictate Iran's foreign policy.

So how are you seeing crude oil in all this?

Depending on how each of the actors involved is willing to back words with action, this is geopolitical escalation of a proportion that can escalate the price of crude oil to $200 or higher.

The Houthis can shut down a critical sea route for crude oil carriers around the world. They need only to sink one ship that may not even be an American ship and every captain will stay away.

Iran could dare America, and then America, or Israel, or both then jointly decide to fix Iran once and for all.

This is an unfolding event that began only last night. And if you think it's thread derailment, then you're certainly not an Oando, Seplat or Aradel investor, apart from Nigeria being a 70% oil dependent economy that stands to be affected.

You are right about many things but that part of Nigeria and Nigerian companies benefiting from oil price rise, i no too sure.
Nigeria appears to have sold its future when it comes to oil. They have collected all sorts of loan with oil yet to be extracted.
We only feel increase in fuel price when oil prices go up.

KarlTom:
The SPDC JV and others as reported by NUPRC

https://www.nuprc.gov.ng/wp-content/uploads/2024/04/UPDATED-2023-NUPRC-ANNUAL-REPORT.pdf

This report says 124k for the SPDC JV. So when you do the maths SPDC/Renaissance share should be 30% of the 124k which is about 37k barrels per day.
Since Aradel direct and indirect stake in Renaissance is 33.34% it means Aradel will then take 33.34% of 37k barrels per day, which is about 12k barrels per day.
Abeg make somebody re-do this thing for us. I no too sabi maths.

They

Sunrisepebble:
20k barrels really ? As at 2023 according to NUPRC, the company was producing 135kbpd, and about 60kboepd in gas. If true that just goes to show how little Shell were investing in the assets since they put it up for sale

The level of production remains too unclear. It might in fact be more than that 20k barrels. I suspect my source of info used shell's share of the JV which stands at 30%.
Only time will tell sha

SonofElElyonRet:
Now that's interesting... Please ask your mind for me wetin UBA go declare as dividend.. and if peradventure scrip issue fit join

As you don chop N2 before, wetin you want make Elumelu pay you again. Abi you no know say exceptional matters dey to be handled?

KarlTom:
ARADEL to the moon!!!

Shell Assets Acquisition 100% complete 👌💯

https://doclib.ngxgroup.com/Financial_NewsDocs/43342_ARADEL_HOLDINGS_PLC-ARADEL_PRESS_RELEASE_CORPORATE_ACTIONS_MARCH_2025.pdf

Very rich asset but I heard the production level is currently low. Like 20k barrels per day or thereabout.

My mind is saying banks results should start rolling in sooner, like from this week end

olig:
Transpower dividends is here 🙌

That one na suya money.

KarlTom:
Alhaji already delivered DANGREFINE.

Now he has time for DANGFOODS...

Make them no scam us again oh.

Valthegreat:
Please I want to understand something about this 3 Transcorp PLC's is see on the exchange. If Transco Hotel is the Transcorp hotel I know and Transpower is the Ughelli power and of recent Afam power that I know too, now my question is what is now the business of Transcorp PLC?

Transcorp plc is like a holding company. Those once you named are owned wholly or partly by Transcorp plc as subsidiaries.
See a list of companies that are subsidiaries of Transcorp plc and the percentage ownership by Transcorp.

Agbalowomeri:
Transcorp is not joking with this growth rate. It's a new candidate for N500 in 5 years if this growth rate is sustained

For the very first time, Agba gives pass mark to a stock.

Abi na in the spirit of world women's day? As transcorp CEO na woman

ojeysky:
How come transcorp was only able to pay 60k dividend with profit of over 90bn and EPS increase of over 200%. The maths is not adding up o

Na wickedness. They are paying only 10billion out of 90billion profit after tax

megawealth01:
Hoarders Lose As Food Prices Crash By 40%


https://guardian.ng/news/hoarders-lose-as-food-prices-crash-by-40/

Story. Where did foodstuff crash by 40%

Streetinvestor2:
Have you seen the audited results to know how much they made..lol

They made alot of money. A whole lot. Well, its always been like that with all the companies that have Transcorp in their name.

KarlTom:
TRANSCORP

DIV: 60 kobo

https://doclib.ngxgroup.com/Financial_NewsDocs/43284_TRANSNATIONAL_CORPORATION_PLC-POST-BOARD_MEETING_NOTIFICATION_CORPORATE_ACTIONS_MARCH_2025.pdf

Na elumelu go pursue me comot from this stock business.
Wale fit better pass this guy.

unite4real:
First bank is not taking orders

There is another: firstholdco also listed. They need to remove one lets start the ride

pluto09:
A good one from NASCON,no disappointment.

Sugar did almost ×3 of last year's loss.

Shalom428:
I don't think anyone in that sector will do better, I stand to be corrected.

Everyone in the sector actually did better

ositadima1:
Let's see how it goes. In the meantime, all sanctions on Russia will be lifted as the USA has sided with Russia. If Ukraine can indeed strike inside Russian territory, how far do you think those homemade drones can reach? We are talking about a country the size of a continent, with oil fields spread across it. Now, Russia can start launching missiles freely without fear. I don't see how Ukraine will last—Europe is already spent.

The USA has contributed over $250 billion, while Europe has provided around $100 billion, yet here we are. Is it now, after the USA has changed its policy, that Ukraine will suddenly be able to show strength? This is why I dislike wishful thinking—it makes a person sound childish.

https://www.nairaland.com/8354974/trump-kicks-zelensky-out-white

Trump kicks zelensky out of Whitehouse

KarlTom:
NASCON
DIV. ₦2.00

https://doclib.ngxgroup.com/Financial_NewsDocs/43195_NASCON_ALLIED_INDUSTRIES_PLC-NASCON_BOARD_MEETING_OUTCOME_FEBRUARY_2025_CORPORATE_ACTIONS_FEBRUARY_2025.pdf

Less than 5% dividend yield. Na wa oh

https://doclib.ngxgroup.com/Financial_NewsDocs/43188_TRANSCORP_HOTELS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf

Transcorp hotel. Only 64kobo dividend. Na wa oh.

Its like all these companies with transcorp as surname dey too stingy.

Excellent result though