₦airaland Forum

Sunrisepebble:
From now till the end of the year, I’m still looking for a good entry into Nahco, might buy some more Transcorp and if MTNN trades @ 190 or below again, I’ll look to add more.

These are my stocks for 2025 though:
UGAZ
Presco
MTNN
Seplat (on LSE)
Transcorp
Vitafoam
NAHCO
Nigerian Breweries
Aradel (@ attractive entry)

On the radar/ More research to be done on: Nipco, Okitipupa, Maybaker, UACN and Unilever

I no see wapco for this your list. Have you given up on the bus?

Raider76:
1) OANDO
2) FBNH

I don already load small fbnh. I think Ote$ is worthy of being followed

"The rights issue will also expand Access Holdings’ total issued shares to around 53.318 billion. At the group’s share price of N24.7 as of December 24, this translates to a market capitalisation of N1.32 trillion on the Nigerian Exchange (NGX)"

53billion OS. No be small thing oh.
Access have become the first to meet the CBN recapitalization requirement.

But that OS no be small thing oh.
Gtco post recap OS of 38billion and Zenith 39billion remain more attractive.

designking:
Yes. They are not delisting.

I hope this ignites a huge bull.

lasisi:
Also, Does it mean they would delist because the 0.25% premium no make sense. E be like say TOE don carry existing minority shareholders handicap.

But they are only taking 2million shares. I think they only want to comply with the provisions of the law.

Sunrisepebble:
Looking at 9m results of 2024 versus 2023

9M 2024: Tax rate of 85%!
9M 2023: Tax rate of 25%
Their PBT has more than doubled. Using the same tax rate in 2023 on this year, the EPS should have been around $0.31(or N495) per share

NB the said 9m result does not include their latest acquisition(ExxonMobil) which is more than doubling the crude oil output.
The just commissioned ANOH gas project has also not been added.

Sunrisepebble:
I think so too. Ive been looking at the results and their profit margins will be a lot thicker when they transition their assets to the PIA. Thats why the tax rate for them is so high right now. I will be buying on the LSE

Its cheaper on LSE, thats why they have been buying there.

Sunrisepebble:
Seplat Insiders, board chairman and board member have been buying on LSE this past week? What is happening there

The company has huge prospects.

Ginalex:
make I follow your footsteps. I can't make Transpower mistake twice

Aradel should be very available today. There is too much insider trading in that stock. Thats why they rushed in before the acquisition. Their acquisition bull cannot be strong since it had since been factored into the price.
In my opinion aradel is currently more expensive than seplat if you put their rrspective OS into consideration. But make no mistake, aradel is an excellent company with many future upsides

Its also important to note that SPDC only owns 30% of the JV. So the 5member Renaissance group will have to share the said 30% SPDC stake in the JV.
NB: I might be wrong too.
I hope I am not correct cos If I am correct, then the deal get too much corner corner

Sunrisepebble:
Was about to say this. Aradel that is being used as comparison already has a working refinery. Now they are adding 135kbpd of oil production and 350,000 mmscf of annual gas production (about another 150kboepd from my calculation ) with this acquisition. In addition they also have a power plant now, Afam VI (650MW capacity) that is connected to the grid already … The 5% stake in Chappal is also huge when they eventually IPO

Its night and day
I also haven't mentioned our potential London listing but wanted to leave out assumptions

But we do not yet know Aradel's share in the asset, given that Renaissance Africa Energy Company Limited is a consortium of 5 big oil and gas companies.
This market get as e be. We fit see full bid tomorrow, we fit no see full bid.
But I for like get some more units before this kind of news.

We wey dey wait for 400 naira go soon start bid at 1000. Chai.

bovali:
https://x.com/borie_nla/status/1868939314421494056

This is the problem with investing in nigeria. I hope Okomu can overcome this

This your link looks very dangerous. E resemble the link wey dem use hack my facebook the other time

mikeapollo:
I think some directors or related entities that hold Oando shares and still owe the company money but are unable to pay cash for the debt. Hence they have chosen to forfeit their shares as partial or full settlement..
I just hope those shares were valued appropriately, otherwise the receiving shareholders could still be shortchanged.

The result of this exercise would mean a reduction in Wale, his fellow promoters and related entities' controlling interests from 58% to about 35% (i.e. if none of the 65% common shareholdings belong to them in any way)

Are you saying that they will not create additional shares for that purpose? If yes, then thats awesome for oando shareholders

This oando result ehh... e no too clear.

megawealth01:
Seplat Completes $1.28 Billion Purchase Of Mobil Nigeria

https://punchng.com/seplat-completes-1-28bn-purchase-of-mobil-nigeria/?amp

Seplat e don do oh. They have over reported this stuff naa. Let dem give us new story like acquisition dividends or bonus. Or even receivables like oando.

Health3:
Eunisel lock some people for shop throway key for Atlantic ocean for almost 2 weeks now

Eunisel wey dey do 10% daily that time

Raider76:
We really need more billionaires in Nigeria to catch the higher numbers in Egypt and South Africa. Imagine if we have 3 more billionaires disrupting sectors like steel, agriculture , transportation, mining, power and tech, and investing $20b in each, like Dangote did to Oil and Gas.

I pray Elumelu considers taking more shares like 70-85% stake in his listed companies. It will help him(and help us too)

megawealth01:
WOW 😳

His stake in transcorp, together with that of his wife and Heir holdings no reach 40%. He is not listed as a holder of significant stake in transpower. Etc etc

megawealth01:
really

He doesn't really hold absolute majority on his listed companies, compared to others

megawealth01:
Elumelu, Wale, Rabiu, Adenuga etc na this Forbes be their pursuit either to be there or climb up

e go hard for Elumelu to enter that list. The rest have a chance.

Ginalex:
WAPCO my baby... Nothing do you

Hmmm e be like news don change. Good last minute move.

Omooloriredade:
Probably plus Seplat was already more expensive than peers particularly Aradel.

Going on offer may be an over-reaction though but some punters were looking to sell the news.

Seplat usually stays on offer until result period.

See our naira

SonofElElyonRet:
Strong man... we still dey Japaul... betrayer you

Chai. He come leave you for inside japaul sand

Nigeria!!! I tired

emmanuelewumi:
The 9 month result should drive the stock price to between 85 naira and above

They better share all that 9months profit after tax and whatever they have in their reserves. Chinese get money. Make them carry their fresh money come.

RodgersAkpafu:
There is no clear path to a sustainable appreciated naira in the next at least two to three years

All the indicators are against us
High inflation and currency appreciation does not go hand in hand

High external debt and currency appreciation cannot go hand in hand

Our only way out in my opinion is if we [b]add daily 450k barrels of oil [/b]to earn daily extra income
Anything short of that na wash

Don't worry, Seplat will do that we our new acquisition. Lol.

But If 450k barrels is the answer, why can't we do that even all the huge reserve

megawealth01:
Those hoarding dollars sha

Una no wan buy cheap and sell high in 2025?

Don't rate the policy yet with these few day's gain, wait until after 2-3months. New policies might reduce rates for a short time then it goes back to square1 or even worse. Mind you its year end, many xmas visitors coming in with $ will usually cause a rise in value of the naira until after the holidays
But I pray the Naira appreciates greatly, for the sake of suffering Nigerians, but I no just trust the government of the day.

Wow wow wow. Seplat just added. N400.
Our buyer only comes once in a while. God bless him.

zendi:
Good, but bear with us, no interim thing for Mpeace and others.
Fcmb is wrestling with regulatory recapitalization like others. But I hope it can now summon the courage to narrow the price gap with Fidelity.

They should have paid, no matter how small. CBN rules on recapitalization specifically instructed banks not to use their profit, but to source funds. If not GTCO and the rest would have met the requirements with half year profit.

Choiceguy:
Mpeace and zendi your long awaited FCMB q3 result is here

The result good but not as good as other banks. Since yesterday I dey expect dividend announcement, nothing so far. Its clear they will not pay interim.
All these family business, na so them dey retain the money inside the company...