₦airaland Forum

Utalinmou:
What is the meaning of FUGAZ

F - First Bank
U - UBA
G - GTB
A - Access
Z - Zenith

Streetinvestor2:
You are right. The marger news would have been a plus.I find it funny if one says he only bought because of marger news.You didn't consider the prospect of each of the company to the country. So if the three whr empty companies.you expected after marger they will begin to plug money from tree.This is how I reason my things. I personally have always seen great prospect in sugar because sugar is a great necessity even if it is not good for the heath .
I remember asking how salt made gains last yr too.And was told it had to do with sales to northern neighbouring countries.
Thr is great prospect in power but I won't buy Transcorp power at certain price because ote own is 1k.Which kind yeye assumptions is that one

You reason well, but disrespect the opinion of others in the way you put it down. The bolded should have been in your mind and not necessarily on the platform (you can simply say that you don't reason that way. Period). Going forward, this will help in your conversation with others, not only here but in other places. In addition, even the message you are trying to pass may be ignored by those that needs it simply because of the arrogan.ce in it. This is part of the problem Late Ajimobi has during his lifetime. Peace o.

Payunsin:
My Morgan account no dey open ooo

log out and login again. Morgan platform is working.

sterlingD:
They have released Q1 2024 result
https://doclib.ngxgroup.com/Financial_NewsDocs/41115_DANGOTE_SUGAR_REFINERY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Thank you. I am just seeing it.

However, on DS, I still have my reservation and may sell any moment from now. Reason being that I don't expect much from their Q1 result. I observed that most of the companies that suffer from forex in their AFS are still reporting forex loss in their Q1. Therefore, if DS should release another loss in their Q1, it may affect its share price going forward.

Note: My opinion please

edwardaigb:
Dangote sugar is going to zero, God thank you for helping me to ignore all the nonsense that was flowing around here. NSEMPA has gone to the dogs. Seun please ban me so I don't come here again. Thank you.

My good brother, the bolded above is needless. It is an insult on everybody in NSEMPA. The beauty of the forum is the diverse opinion we have from every quarters. Whatsoever you see here is the opinion of every writer and not an authority. it is left for you to filter sense from every opinion you see which may not be far from the truth. Nevertheless, Everyone still remains the CEO of his/her portfolio. Peace.

disclosure: I am also in DS/NASCON,

The management of IB deserves an award as the most consistent and predictable company in declaring losses

https://doclib.ngxgroup.com/Financial_NewsDocs/41139_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

ositadima1:
Be like say na only u see d Q1

Yes, I suspected he saw it this morning on ogas table when he went to carry the NGX opening bell

defebe:
It's going to be a long week for we holders of Sugar and Salt

Made a very bad investment decision with Sugar..

Going forward, the fate of the 2 stock will be decided by their Q1 result.

222Martins:
I showed you what was written in a company's AFS, i did not add, subtract, pray, hope for something cooking or bursted into tears.. In business and investing, nothing beats a financial statement. It is an X-RAY into a business, not street gossip or street research.........You get the strap??

lol. Mr Perfect/know-it-all. Can you please point out who is the child here that burst into tears!!! Besides, what loss has anybody here made that has not been made before. Nobody expects to win all the time. We win some and loose some, but then, our winning is more than the lost, chikena. What we are saying for the upteenth time is for you to stop rubbing it on people's face here because you did not give anybody money to invest. That is not part of why this forum was founded.

222Martins:
Then you shouldn't be on the NGX.

I need you to just say amen to the prayer first in order for you to judge your conscience. Even Otedola, Elumelu etc will not make that statement you made in public forum. The NGX is not all about someone loosing before you make it. If you must know, there is always a win-win situation most atimes. When you buy stock, make some money and hand over to another set to make their money too. Some bought UBA @ N5 and sold at N12 to others who are still holding/have sold at current price of N23. Not necessarily praying for people to loose money for you to profit from their lost.

The last time I check, your name is not agbalowomeri , I would have understand your position. I come in peace sha.

222Martins:
Na laugh i just dey laugh you .........When jungle mature, all animals will know their level... I no be like una wey dey change moniker like pant to hide una identity. For now, make we dey enjoy the mask of our moniker.

But what i will not fail to do is to drink your tears in NS/DS when the price falls.........No matter how pained and bittered you are, no emotions in business and investing.

This statement really tells who you are. Waiting to benefit from someone tears. God will help you.

@222Martins, those presently in DS/NS are already not happy with their position, remember this is due to no fault of theirs. No one/few ever imagined that the merger will experience any hitch due to the antecedents of Alhaji. As a brother/sister in NSEMPA, it is not good to add to the problem by mocking them with that your statement. At least, if you cannot solve their problem, you can do well by simply stay away from mocking them.

Disclosure; I holds the two stock as well and I am not happy when you made those statement. We are suppose to be watching each others back and not stabbing each other. Peace be unto you.

Locotrader:
If you are relying on 2023 report for success story,you will be disappointed.2023 is another bombshell waiting for explosions.

Raising of funds is the only option left now to clean their mess.If this fails,oando will cease to exist.

You have to wait till 2025/26 to see a strong balance sheet that is if you are still a shareholder by then.

You have forgotten that oando has already taken a loan of 800 million dollars from AFREXIM Bank in November 2023
https://energycapitalpower.com/oando-secures-800m-afreximbank-loan-for-naoc-acquisition/

Locotrader:
Aby oooo.
I am still seeing another 5-10% loss tomorrow.
People will still rush out tomorrow because there is 70% possibility of oando going on technical suspension at this time the price is down if the wish of Wale is to delist

Better watch the trend well and trade cautiously.

Oando that is talking about coming to market to raise capital. There is more to Oando, the stock is full of drama and I trust we are yet to see half of it until around November.

Locotrader:
Oando Q1,2,3 were fair calamities.
They come use bomb close the 2022.
It's well.
I will say that #7.07 is on their mind.

lol.
Wale talking to me and other Oando shareholder:

I go let you people know say I get Ph.d in manipulation, this is just reharsal, shey una no dey hear word. Make una go ask of the way I dealt with peterichy and others some years ago

KarlTom:
The cost of sale is still a mystery...

it was reported in NNPC's financial statement, though I can't laid my hand on it now.

https://www.legit.ng/business-economy/energy/1576499-nnpc-acquires-oando-petrol-stations-jetty-pays-n14055-billion-ph-refinery-continues-test-run/

KarlTom:
I'm not a fan of lenghty reports but I will try and summarize.

Let me refer you to page 12 of the Annual Report, you'll find this paragraph:

"OML 56, OML 13 and OML 60-63 are currently the crude oil and
gas producing assets while Oando PLC engages in supply and
trading of crude, refined and unrefined petroleum products.
These entities account for 100% of Group revenue recognized
being N1,994 billion for the year ended 31 December 2022 (2021:
N804.8 billion)."

That's a revenue increase of 248%[/b]Good summary no doubt. In all of Oando's report, I am yet to see where Oando kept the money they realized from the sale of all their retail station to NNPC in October 2022 amounting to about 359 million dollars. Does anyone has a clue about this sale and where it is reported, or did the proceeds of the sale just disappeared?
Recall that in September, 2023, OandO Energy Resources (OER) bought [b]100% of ENI's interest in Nigeria Agip Oil Company.
This transaction does several things:
1. It DOUBLES OER stake in OML 60-63 (formerly 20%, now 40%). OML 60-63 are the few OER assets that are currently in PRODUCTION stage.
2. Oando’s total reserves (based on 2021 reserves estimates) stand at 503.3MMboe and the transaction will deliver a 98% increase.
3. It grows Oando’s exploration asset portfolio through the acquisition of a 90% interest in OPL 282 and 48% interest in OPL 135.

I strongly believe that 2023 FY will be better...

Good summary/analysis no doubt. The highlight of the recently released 2022 report should have been centered around the sale of all oando retail outlet to NNPC at the cost of 359 million dollars around October 2022. But I am yet to see where the proceeds is reported in the AFS account. Does anyone know where the money was accounted for, or did it just disappeared?

Krisuba:
That movie u are enjoying is clearly saying no hope at sight!! Locked and padlocked!!

I can bear it for the next three months , only if there will be light at the end of the tunnel

So far, all Alhaji's stock are on offer and key thrown away. Cement has been on offer for about 2 months now. I hope DS/NS will not be on offer for that long o.

Still good to see that the 2 brothers DS/NS could not get enough volume to go down for the second day running. Am I the only one enjoying this movie

Locotrader:
Thank God it happened on Friday.
Alhaji is suppose to address this issue during this weekend.

If this freefall continue like this,na #20 straight we go see

The way people are even running from DS/NS, it may be difficult to get the buyer with the required 100,000 units block to send the price down

My pains in this DS/NS issue is not the suspension of the merger arangement, but the fact that no one on this forum got the insider hints for us before the information was released to the market. The only person that align and got close to it was @streetinvestor, but then he was commenting based on his perceived thought on the merger and not insider infomation.

Yes, DS would come with a good Q1, but then the stock would have been massively flogged beyond imagination. Some people that bought at the lower low will still make money from DS.

thebargainhunte:
Merger may take place early next year or late this year, this is purely assumption.

Oga, you are wicked o

On a serious note, I think patience is key in order not to exit and all of a sudden, you hear the announcement. By then, you will not see it to buy until it reaches close to N90 and that will be very painful.

Streetinvestor2:
And for price of things.it will definitely come down just give it time.

Ok o. We all want a Nigeria of our dream irrespective of the political party. But then, the bolded is paramount. If I tell you that my expenses has tripled since this government took over. Just to do fence 2 weeks ago for one of my empty plot of land costs over N1.7m (just 3 sides without gate). I just came back from Foodco now and the bread we normally buy @ N350 is now N1000......the list is endless

iHaveMadeiT2:
It seems nothing spectacular to expect from this market till second half of the year.

The biggest disappointment so far is Dangote, with the deceitful so called merger. I recall someone gave us the expo here at the beginning of the year that Dangote will fall our hand big time.

The bolded may not be true sha. I know that the announcement is around the corner, personally, I think it will come on or before June this year.

Streetinvestor2:
It looks people are no longer paying for those your mugu fall recommendation. The country is heading for better days if you can't see it.The indicators are thr.Nothing can be as worst as the last government in naija going forward.
Still not a fan of apc or balablu but will stand by the truth whrn I see one..Niaja economy will turn for the better this yr

In as much as I do not want to bring politics into this forum, but then, I need you to enlighten us on what you are seeing or which particular area/field/metrics that HAS made this government better than the last regime. Forget about the fact that we made money in the stock market, that will be selfish of us, the percentage of Nigerians participating in the stock market is less than 1%. So, what about the rest 99%?

For example:

Cooking gas is now N1,200 per kg compared to N600 under Buhari regime
Rice N77,000 per bag against N32,000 vis-vis other food items
Petrol N580 per ltr against N185 under Buhari
Diesel N1,200 against N800
…. just to mention a few

The administration is just cleaning up the mess they created unnecessarily with the abrupt removal of subsidy. On the dollar issue, they met it at N650 and with all the shout up and down, it is still N1,000. Not to talk about the massive increase in loans and external debts they have incurred in just less than a year of governance. I have so many friends that are into manufacturing and know what they are going through economically. Electricity generation is still nothing to write home about. Not to forget the fact that wages of workers has remained same while the purchasing power of every Nigerian has been massively reduced.

Please note that this is not a fight or attack on you.

Choiceguy:
We should be mindful of how we address ourselves here. he never force his recommendation on anyone.if we continue like this,it will make some people to limit some valuable information they dish out here free of charge.

@Streetinvestor2 is fond of this avoidable attack. He is unrepentant and has done this so many times on this platform despite the fact that @yok did not quote him on his comment.

Streetinvestor2:
They paid interim div

Yes, interim dividend of 25k was paid, making a total dividend of 85k for the financial year. Their is improvement in the bank performance sha. I am still wondering how the bank will meet up with the CBN recapitalization, though the worst that can happen is for the bank to exit international banking.

dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/40899_FIDELITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Fidelity 0.60k dividend

Not commensurate with the share price.

defebe:
UBA is trying to push portfolios value up, Dangote Sugar is doing everything to pull it down..And to sell Dangote they fear person

You are not alone here. I should have sold some DS when it was N59 last week and re-enter at below N53 maybe tomorrow. Anyway all is well. At last patience will be key.

@yMcy56 where your comments. I have told you to stop cooking beans in the morning of a market day