₦airaland Forum

BabsO2:
Both are really competing seriously in the game of returns per share. From the mid year reports the following EPS were recorded
GTCO = N 9.94
Zenith = N 9.29

So Gtb has overtaken Zenith eps

Heishere:
Other banks are printing profit. Unity bank is printing losses...

https://doclib.ngxgroup.com/Financial_NewsDocs/39398_UNITY_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf

When other banks are printing exceptional profits. They booked 35billion fx loss. While others have fx gains.

The Department of State Services, DSS has arrested and detained the Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aisha Ahmad, over the alleged fraudulent acquisition of shares in Polaris Bank, Titan Bank/Union Bank.

The CBN Deputy Governor is currently being interrogated on how $300 million to complete the acquisition of Union Bank was raised by Titan Bank
https://www.nairaland.com/7834971/dss-arrests-cbn-dep-gov-aisha


Wahala no dey finish for this country.

emmanuelewumi:
What if other companies surprise us when they publish their audited financial report at the end of the year

I doubt if the banks wil surprise us. I am looking more to a positive surprise than anything else. Especially the food and cement companies. Price of cement has risen by about for instance 25% since the last two months.
Na de telecoms companies I dey pity. They that have not increased their tariff despite current realies and are so exposed to fx loans.

kolaish:
Very good points to ponder. Most of those companies that are exposed to foreign exchange losses may still file negative reports in their Q3, though minimal this time around compared to their Q2. It is the banking sector that will still sustain and build on their half year reports.

Thats the importance of diversification. But on another note, you may find that companies in the same sector have not printed similar results. Dang sugar books fx losses but nascon flourmills and bua didnt. In the downstream sector, Conoil, Mrs oil etc recorded impressive result while the likes of Totalenergies, Eternal oil etc booked fx losses. Its only the banking sector that have printed consistent fx gains within this period thus the need to have a mix of all to avoid general loss.

mikeapollo:
If you have the money, buy as much of Oando as you can.
But you have to be patient until at least next year. The gain will be massive when they declare their results for FY2023
Oando has had some governance challenges in the last 10 years or so in the board room (management/shareholders), SEC troubles, forex losses and interest on loans etc. that affected their performance in the past.
They seemed to have turned the corner with the declaration of profits in FY2021 and acquisition of ENI/NAOC which could be a gamechanger. Also, a look at the share prices of its peers on the NSE....that should tell you that OANDO can potentially sell between N500-100 in the next few months, especially when the buyout offer is rejected at the AGM ordered by the court.

If oando sell for 500, seplat will go for 25,000

Yoast:
Market seems to be back to inactive mode waiting for the next trigger for another upward trend. What will that be? I have no idea

Oga currentprice once said we should expect more good news.

Access, Uba and Zenith bank results.

yMcy56:
Mpeace shey you don see your people bah?
NNPC not against Oando's purchase again........
Told you it was initial denial.....
How could OANDO have been bold enough to inform NGX about ENI acquisition if NNPC and Minister were not involved or informed??
Bunch of jokers......

Ok naa, so full bid resume tomorrow. But pls bear in mind the issue of acquisition of minority interest. Let what happened in Ardova not repeat itself. May this market favour us all.

Sugar and salt want combine deal with me today. Na wa oh.

yMcy56:
Surprised you easily fall for this cheap propaganda from NNPCL.
No be today dem dey say opposite of what they do nah.

ENI already signed agreement with OANDO on this deal.
* How is it possible for NNPC not to be aware or involved in this process from the onset?
* While signing the agreement, is it possible for a representative of NNPC and relevant govt body not to be present?

** Pengassan was reported to be aggrieved because they were not carried along......If the deal wasn't done yet, why will Pengassan be threatening strike?

* As for Ministerial approval, how are we sure the relevant minister wasn't aware and gave his consent? And how will the approval be difficult if the President wades into the matter?

** Please note that I'm just looking at the obvious here and not supporting or opposing OANDO.

In fact, even if I wasn't interested in OANDO before, I'll buy tashere units today with amount I can afford to lose based on this.

https://www.eni.com/en-IT/media/press-release/2023/09/eni-signs-agreement-sell-naoc.html

https://newtelegraphng.com/pengassan-threatens-shutdown-over-sale-of-naoc-eni-nigeria/

Only time will tell. I just hope we dont misplace tinubu's love for his nephew with his love for oando shareholders.

Hedgefunds:
Have you by chance come cross the word .....Right of First Refusal . This has nothing to do with oando.

Don't worry. Tomorrow will tell.

Read the last paragragh. You think ministerial approval can be obtained in a situation where there are objections by other parties?

Ades1:
Does that mean Oando can continue to climb like SEPLAT while this case is on going?

Lol. Seplat flying for other reasons. It went onbfull bid the moment the dealnwas announced but once approval was withheld, full bid disappeared. Other news took over.

Ades1:
This one you dey laugh, is it because you missed the entry?


Anyways, any lawyers in the house? Should Oando shareholders be worried? I am up 50%+ on my small purchase, my target was 100%, should I be worried?

The CocoPhilips deal took almost two years before they got the requisit ministerial approval.
Seplat have been working for the ministerial approval of their purchase of Mobil Producing Nigeria Unlimited from Exxon Mobil Cirporation since February 2022(1year and seven months now)

Just rush tomorrow morning save your capital if you bought above N5.
The over 80million units sold today shows how insiders control our stock exchange. They cashed out today before the news.

ProphetUtuocha:
Nothing to worry about. This is Nigeria! I won't talk much. Oando is heading to 100

You will surely have an opportunity to increase ur stake from tomorrow.

Princkez:
Has ant one seen this?? OANDO

Fire on the mountain. Tomorrow na tomorrow.
I am waiting for someone to come here and tell us how he sold all of his holdings today at maximum profit.

Myhelper1:
People should be careful of all these new monikers advertising Oando here and there. It's becoming suspicious!

Lol. Tinubu might favour Oando shareholders. He might also favour his Nephew in terms of smooth acquisitiin of minority shares.

Zagee:
Oil prices all the way up!!!

$89.51, no be small thing.
Hopefully oando people go enjoy this one.
I also pray the big boyz in seplat allow us enjoy it too.

PETERiCHY:
Don't worry we will remind you when we hit #70 junction though we ought to load more passengers @#20 junction.

BARGAIN HUNTERS TAKE NOTE!

Lol Oando can't do 10.

ProphetUtuocha:
On Oando ...
That which you saw
And rejected
You will seek to buy
When it crosses 100!

Oando will shock folks!

Wale go soo throway una at 7:10.

yMcy56:
Lol.
CP, so na only Loco you wan bless nah?
Issorite o.

He didn't deactivate it! The moniker is viewing the thread now.
Loco no dey take ear hear penny stock.....He don jump out quickly......

You are correct. The moniker initially didnt come up on nairaland search.

currentprice:
locodemy new handle is locotrader

Chai. You don make him deactivate that one too. Abeg make una Let loco breathe

Today na sit-down-look I dey. Money done finish.
I pray the presidential tribunal judgement to come next tomorrow does not slow things down.

This month is for the banking sector. Especially the UGAZ. If you didnt enter today, you go pay more on monday.

debeey87:
I can't imagine uba declaring anything short of same

Dont you think Elumelu will rather invest it in the bank to enable "greater value" for shareholders rather than increase the dividends?

yMcy56:
E ku market o.

ZENITH, UBA: Investors optimistic about coming results......
ZENITH @34+ now.....
UBA: 14.50.....

From that fidelity result, there is no limit to what we should expect from the big banks. We fit see 12naira eps

Willie2015:
Never saw dis..
Until u mention it
Quite a surprise!

Go thank yMcy56 na she dey move seplat

vacanci:
This NASCON and Sugar full bid this early morning na wa o

Let them continue on full bid for the rest of the year. We cannot allow Rabiu to become the riches black man. We go help dangote

Sepalat move yesterday was huge surprise and took adequate care of my dang sugar and nascon losses. Who know wetin push seplat to do maximum daily return yesterday? Abi na Mcy56 hand?

Princkez:
FIDELITYBK dividend 25k

with this, bank dividends might increase astronomically justvas their revenue and pat.

Streetinvestor2:
Sis you are wrong. It is the other way for rice.Na rice hammer
I rice equivalent to 14 sugar.

In the new company,
Dangsugar is getting 12billion units
Nascon is getting 2.4billion units
Dangrice is getting 2.7billion units


Ddem no cheat any body

So in essence the new dang food is just an expansion of dangsugar and a subsequent change of name to dangfoods.
While dangsugar holders will retain theirnumber of shares held, new 2.4billiin shares og dangsugar will be created and alloted to nascon shareholders [in the proportion of 11:12] while 2.7billion new dangsugar shares of dangsugar will be created and issued to dang rice holders [in the proportion of 11:1]

Meaning the new dangsugar will have about 17billion OS. And subsequently renamed dangfood.
I think the market price of dangsugar will be retained with market forces on daily trades to determine the future price of the new dangfoods.
Thats my take

But this dang rice must be highly profitable attract such number of units of dangfoods
,

ArchiLimited:
You saw the broken car window right? You saw the blood right? Keep checking. Nigerian youths are acutely shallow

If you know how much that youtube channel has made since the video was posted, and if you truely understand the world of content creation then you will know that you are still a novice.

That video must have generated over 30m for the channel owner by now and your concern is the 7k glass and purported blood you never saw where it came from.
Meanwhile someone here just cinfirmed it to be a content creation.