₦airaland Forum

crownprince2017:
What is likely to be the investors reaction to this news on Tuesday?

BUA does not move with fundamentals. The man decides when and how its share price moves. He and his family own over 95% of the OS. This news aint affecting share price.
On a good day however, a reduction in price of products should have a negative impact on revenue and profitablity or atleast affect future gains that would have accrued from their new plant.
But then BUA is BUA. The fundamentals dey Rabiu hand.

However, it can affect other cement manufacturers. They have to reduce teir prices or...

And a company like lafarge no too sabi share price manipulations.

ositadima1:
Based on price history, it could have been possible, but not in the order he mentioned.

30-Mar-23****1.5***Transcorp
27-Apr-23***3.12***Transcorp
3-May-23****0.33***japaulgold
22-Jun-23****0.65***japaulgold
11-Aug-23***33*****dangsugar
4-Sep-23****66.5***dangsugar

I never see my Zenith dividend o.

I dont know why people dont rate transcorp Hotel. It moved from N6 to N44. He might have equally invested here.

But sha I no dey too believe gains I see for faceless forum

Mfunkynation:
I use Access Bank.
I have been using it to receive my dividend without any hassles!
What procedure is that?

You might be one of us that moved woth Diamond bank, if so then You might get it, but if you dont get it on time, then you need to go to your bank and get your alternate account number for NEFT transactions.
Then you use it to fill a new e-dividend mandate form.
I have been filling new mandate forms all over again for some brokers because of the alternate account issue.

Those old diamond bank accounts have this unique issue.
Some brokers will pay with the old account number

Bizibi:
Still haven't received my zenith Bank interim dividend. Something is wrong.

Do you recieve dividends through Access bank? If yes, then you have to follow a simple procedure tobget your dividend

Gas is now 1k / kg and crude oil 95$/ b.[after going as high as 97]

On a good day we should have been talking about mega money for seplat and the likes. But Nigerian companies cannot be trusted. The more you see the less you understand.
As oil prices increase so will their craftiness in manufacturing huge operational expenses and so on.

BabsO2:
Which case on 10th Oct?

If NLC strike goes on to that date, be sure of a 2024 adjournment date

PETERiCHY:
The last DIVIDEND I got from OANDO was in 2015.
30k +70k =#1.00k That's 8ys ago.

SOME of us have BEING in this GAME for almost 25ys and do PERCEIVE what will LIKELY HAPPEN from AFAR.

WALE TINUBU can't GIVE you ANYTHING on a PLATTER of GOLD in order words OANDO will go PLACES but not on a PLATTER of GOLD.

FOOD 4 THOUGHT only for those their THINKING FACULTY is still functioning PROPERLY .

As for the UNSCRUPULOUS ELEMENTS that wants to become RICH OVERNIGHT with their PEANUTS their case is IRREDEEMABLE.

"BARGAIN HUNTERS TAKE NOTE'!

Chai. This Man.
You are just like NSE. So predictable yet so unpredictable. You have a mind of your own.
Today you are bullish tomorrow you are not.
You be course wey dem suppose dey teach for University.

Mfunkynation:
Yes you are to be blame by speculating that it will get to N20, N100, N300

But on a serious note, PT should not totally be blamed.
In as much as he made several "motivational" posts about oando, there were many other warning posts in this platform.
The investor chose to follow the "motivational" one, so in reality it was the investor's decision.

In all, school fees must be paid.
If another oando rally starts today, the same set of people will still fall for it.

Locotrader:
Instead of them to invest in the Solid minerals sector, they are there putting money in a company whose debt is alarming.

One of the stocks in the mining sector is set to rally again.Invest wisely.

You are welcome back Sir.

Iamblessed85:
Thanks soo much. To think the people i relied on before buying Oando are now backtracking is sad. Folks should always post with caveats please especially if its a sentimental opinion

I think they equally had oando before recomending same to you. If they are quiet at the moment it might not be a sign of backtrack.
You dont expect someone whose investment is ĝoing down to make too much noise.
They are quiet, thinking of the next move, to sell, hold or average down...
But pls try as much as possible to be the master of your portfolio. Do your due diligence before purchase and try not to blame any0one for losses all advise given are based on sincere believe. No one benefits from your loss.
No one knows the mind of this market.

PETERiCHY:
UBA heading to full BID while ACCESS is heading to full OFFER.

BARGAIN HUNTERS TAKE NOTE!

Access will drag UBA with it

agbanimu11:
Trancorp half year 2023 financial statements is very impressive Eps 9.73

Not impressive. That is 9kobo not naira.

sky2891:
Copied:

*Summary*
Total Comprehensive Income for UBA as at June 2023 stood at *821.03B* (Page 28 ) while Access Bank was *N556.78B* (Page 4)

UBA total OCI comprises Profit After Tax of 378B + and Other Comprehensive Income of 442.8 making the bulk sum of *N821.03B* while Access has Profit After Tax of 135.4B plus OCI item of 421.3B making total Comprehensive Income of *N556.78B*

Also Access Bank too reported FX gain in the Income Statement but very minimal .
Access Bank reported FX Gain of *192.04B* (page 45) while UBA reported *418.2B*(page 28)

Access Bank Net FX position was minimal due to their huge exposure to Euro Bonds Issuance while UBA was very positive with the highest FX net position the industry as at 31-12-2022

FX gain was reported in Access Bank profit statement as 192B and was considered in arriving at their Profit Before Tax .

In my view , Access Bank result was knocked down due to the high Interest Expense .

Last year Interest Expense for June 2022 was *174.8B* for Access Bank while same Expense head for June 2023 jumped to *383B* representing about *118.8%* negative variance .

Note that the total expenses payment by Access Bank is higher than FX gain .

*UBA*
PBT - N403.6B
PAT -. N378.2
EPS-. N10.96
Total OCI - N821.03
Interim Div - 0.50k

*GTCO*
PBT -. N327.3B
PAT -. N280.4B
EPS- N9.94
Total OCI -. N358.9B
Interim Div -N0.50K

*Zenith Bank Plc*
PBT - N350.3B
PAT -. N291.7B
EPS-. N9.29
Total OCI -. N494.09B
Interim Div- N0.50K

*Access Bank Plc*
PBT -. N167B
PAT -. N135B
EPS- N3.74
Total OCI -. N556.78B
Interim Div - N0.30k

Very nice job you did.

emmasoft:
https://doclib.ngxgroup.com/Financial_NewsDocs/39446_ACCESS_HOLDINGS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf

Unbelievably disappointing result from Access bank if that is trulyvtheir eps. But the result is hard to interpret. It appears they excluded their fx gains in calculating their eps.

Make the accounting gurus interpret this one for us abeg.
I see eps of N3.74

jelmusboy:
People of God, I have some Dollars I want to invest but don't know where to start reading from.

If anyone can tell me where to start my reading from, that will be awesome. I checked page 1 and it was 2013 which might not be applicable anymore.

As things stand, Dollars in itself is a very good investment. Its almost doing 100% return since Mr President took over. Its done over 70% since this week.
So based on TA, SA and FA, Dollar is a buy lol
Disclaimer: I no get dollar oh and I just dey play.

Deadlytruth:
Oando is not running on SA but on improving fundamentals and good news in the horizon. My story is for stocks rallying substantially on SA

You get mind put oando and fundamentals for the same sentence.

Ten Nigerian Banks restructure Oando PLC’s Medium-Term Loan to N115.3 Billion


In a move aimed at bolstering the financial stability of one of Nigeria’s key energy companies, ten Nigerian banks have joined forces to restructure Oando PLC‘s Medium-Term Loan.

The original agreement has been amended, with the overall commitment increasing to N115.3 billion from N108.3 billion.

This is actually a good news for Oando and the banks.

The restructuring aims to re-sculpt the repayment profile, extend the loan’s maturity date, and update associated security details.

This was contained in the company’s recently 2021 audited accounts under the notes to accounts.

The consortium of Nigerian banks participating as the “Lenders” include:

1. Access Bank PLC
2. Ecobank Nigeria Limited
3. Fidelity Bank PLC
4. First Bank of Nigeria Limited
5. Keystone Bank Limited
6. Stanbic IBTC Bank PLC
7. Union Bank of Nigeria PLC
8. Zenith Bank PLC
9. First City Monument Bank Ltd
10. United Bank for Africa PLC


I think somehow these banks will continue to enjoy some benefits from Oando's continued expansion.

Who knows how the market will react to the new CBN Governor and divectors

rmx:
For me Sterling , uba , access , dangote sugar but plenty others dey now

Transcorp too. But we need to see the impact of the Abuja disco acquisition on their result cos for now we dont know if those discos are even profitable.

mikeapollo:
Please get the guy right.
All what he means by reference to the $1.5billiin and $144m is that Oando share is presently undervalued and that the price is poised to rise further, especially .when the benefits of acquiring ENI (more profits, cost savings due to economies of scale etc) start to trickle in.
Even the ENI shares alone (if it were to be quoted on the NSE) would have its own value. Take note that the acquisition of ENI seems to be by 100 percent cash consideration only, as no mention of merger or exchange or issuance of shares is involved. That is bound to impart on the share value of Oando. .
Anyone is free to either ignore Oando shares because of poor and painful experience of the last ten years (and sentiments against Wale and Bola Tinubu), or look at the current and future financial and economic prospects of the company and make a decision. Investment is all about risk taking based on your knowledge and assessment of your target investment.

Oando did not buy the entire thing. They only bought additional 20% in a joint venture enterprise increasing their stake to 40%.

Oil price now above $94.
Buhari was really unfortunate. All through his regime, oil prices remained low. Bad luck too dey follow bad people lets see what use Tinubu makes of the rise in oil prices.

Labdi69:
Fidelity bank completes acquisition of union bank?

Its the Uk subsidiary. But this Fidelity no dey hear word oh. They are just expanding anyhow. They may sooncatvh up with the big ones.

Streetinvestor2:
Moved the cash from presco to Dangote sugar @52 since I no fit chase uba which was my target for selling presco yesterday. This particular sugar is for speculation, will sell @70.The one for long-term is BE of #23.
The sell happened late @#210 ....e pain me because I saw the opportunity in uba at #13 with expected final dividend of nothing less than #1.50 by yr end

You do well. Nascon and dangsugar on full bids at the moment.

PETERiCHY:
OANDO has crossed the #10.
What else do you have to say

Congrats to you. Ride on to 50 be that. Big congrats.
I no go deactivate sha. Lol

currentprice:
there no going to be market commentaries today o MECRY is ban

This their auto ban has to stop. They dont keep to any rule on this thing.
But sha mercy will soon be back with her other link

currentprice:
if not because of Red mkt on ground,,,, it could have cross 20 this week.

I have never doubt this stock sha

Is it not funny that a firm with half year eps of 10+ would struggle to make 20naira.
When we should ordinarily be talking of 200naira

mikeapollo:
All you said still points to the fact that Oando is under valued presently.

Conoil is the closest comparable to Oando, apart from Oando selling its downstream to NNPC and having larger outstanding shares. Those are 2 of the biggest indigenous oil companies owned by Nigerians currently listed on NSE
Even before Oando sold it's downstream business to NNPC it's shares were selling for N3-N5 while Conoil was going for N40-N50.
If Conoil is currently selling at N90-N100, then you can expect Oando to rise especially when they start paying consistent good dividends like Conoil has been doing.
My advice is: take a position in Oando with money you can stake for a year or two and reap good returns .
But make sure you attend the Court -ordered AGM and help destroy and kill the buy out offer of N7. 07

Ok

mikeapollo:
Oando is still undervalued. Check the price of it's contemporaries like Conoil which is selling around N90-100 even though it is more downstream than upstream
Don't be surprised to see Oando clock N50 very soon
The only thing that looks confusing about Oando is the buy out offer of N7. 07 because of the Court case. The Court has cleverly given shareholders the power to either reject or accept the offer and it adjourned the case from March to October2023 i.e. . a whole 6 months for the shareholders to consider all factors and take a decision.
That buy out offer is now dead on arrival. If you are patient to make good profit, go buy Oando before it rises further.
I saw the opportunity more than 2 years ago and started loading it and now I have millions of units!

Conoil is not Oando's contemporary. Oando is not in the downstream business any more, NNPC has bought all that from them. Conoil upstream section is not on Nse. Just the fuel distribution section tgat is on Nse.
Oando is in the upstream sector with Seplat(on NSE)
But OS is one thing to consider before estimating the price.

pizapato:
There is no how the naira is appreciating above the current I&E rate, which the bank used in revaluation.
All the FX policy will not work without substantial cut in government spending. You will be shocked that the FX crisis will not be any different even when Dangote Refinery and other refineries start working.

I can vouch that 30-40% of the country's yearly budget is embezzled. That is the source of billions of naira that drains the countries FX through the black market.

Without substantial cut in government spending, we will be looking at $1 to ₦1100 by the end of 2024

The fx gains bei g talked about is not necessarily a special thing. Its the actually the result of the true valuation of the naira. Yet it is not even based on the actual value of the naira which is over 900/$.

emmanuelewumi:
So what should the banks do when they experience serious forex losses

Thats why they should only restrict a portion.

The CBN we know will force banks to make provisions for such losses from their profits but will not now allow them enjoy the gains.
The banks suffer when their is fx losses and also suffer in times of fx gains.

yMcy56:
Are we now saying when the banks made those massive gains, Investors should not benefit from it?

While I understood the disappointment that may come with reduced dividend, should the FX gain not be there again, I think there must have been clauses in their statement to properly address this.

Abeg no mind me o. I be JJC for all these terms, na amateur view I take dey look am... .....and that's the way I see it.

Let me leave the discussion for those wey Sabi......

I think the CBN is being too selfish. If the said gains are not paid as dividends and they do not go into the operations of the banks, where then do they go: CBN who would purportedly save them for the banks?
Its not fair. I think the CBN would have mandated the banks to save only a portion of these gains rather than totally restrict the use of it.

BabsO2:
That's what the half year per share says in their reports.

But in terms of Bank size, Zenith is about double the size of GTCO based on Financials.

Lets wait for Access and see all the huge charges they have been taking from customers will reflect on their result.