₦airaland Forum

Thunderlicious:
the guy wants to learn the hard way. that's wht it's good to buy and keep quiet instead of making too much noise and monkey hunting because when the trade go against you, all the monkeys you deceived will come after you like you owe them something and you will eventually be reduced to a low status like what happened to THE BIG SMART GUY.

Permit me to say, you get bad mouth no be small. Chai

Oando plc announces earnings guidance

July 18, 2016

Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, expects to report materially lower earnings for the second quarter of 2016 due to the impact of the Naira devaluation against the US dollar (“USD”), resulting in unrealized foreign exchange losses. This announcement is based on the unaudited financial statements for the period ended 30th June 2016.

The impact of the Naira devaluation by the Central Bank of Nigeria (“CBN”) is expected to amount to an unrealized foreign exchange loss arising from USD denominated liabilities, outstanding bank trade facilities as well as vendor payables. As at the time of the devaluation the company had USD denominated borrowings of ~$261 Million in our Naira dominated earnings businesses, consisting of ~$68 Million in core loans, $89 Million in bank trade facilities, ~$83 Million in Asset Financing and $21 Million in other payables. A circa 40% devaluation in the value of the Naira against the US dollar from the bank rate of N199.00:$1.00 to N280.00:$1.00, has effectively resulted in these significant foreign exchange losses which we have prudently booked into our financial statements.

Despite the challenging operating landscape in 2016, we reiterate our focus of returning the Group to profitability by growing our dollar earning higher margin upstream and export trading businesses, which will not be impacted by the volatility of Foreign Exchange rates to the Naira. We remain confident in our diversified business model and the long-term prospects for growth in Nigeria and beyond.

Further details of the Group’s financial performance will be disclosed when the Half Year unaudited financial results are announced and during the subsequent results conference call.

Ends.

http://www.oandoplc.com/media/press-release/oando-plc-announces-earnings-guidance-for-h1-2016/

locodemy:
No matter what i still believe and waiting for my KM10 but that should not cause people to make mockery of it.........i will give the KM10 3 months from now due to the mgt putting things in order........just visit oando website and read Half year presentation update and that will give you the insight of what i am talking about........one love

So you are believing what Oando is telling you.LOL

No come dey cry for here if kasala bust o.

Got this from FORTHRIGHT SECURITIES & INV. LTD

Dear Sir / Madam,

Oando Plc, one of Nigeria’s leading indigenous energy companies, in a
press statement, expect to report a significant decline in their
earnings for the second quarter of 2016. This is due to the
devaluation of the Naira against the US Dollars as the company has
liabilities which amounts to a sum of $261 million dollars. The
devaluation of about 40% resulted in the foreign exchange losses and
this has been noted in the financial statements to be released soon.

However, despite the challenges, the Company is determined to increase its
dollar earning through its upstream and export trading business, which
would not be impacted by the volatility of Foreign Exchange rates to the
Naira.

ihedioramma:
Yes focus . one love .

Oga this you encouragement ehn


LMAO

Intendy:
stocks with new 52 weeks low

ETI #13.00k

Vitafoam #3.27k

sterling #1.30k

MRS #30.34k

7up #133.43k

lafarge #60.06k

no new high

I am seriously eyeing this ETI dont ask me why.

Any body still doing business with [b]MRS [/b]is not smart. AMCON is currently looking for ways to liquidate the company

locodemy:
The highest you can do is to barr me and nothing else...........isi gbawasia kwa gi there....if you are happy,do you think i am when my investment is seriously reducing value.......mind kwa onwe gi ooo.

HMM, hope it is not Oando.

I thought you an expert in JIJO.

At your level no stock should make you sad.

Got this from FORTHRIGHT SECURITIES & INV. LTD

Dear Sir / Madam,

Oando Plc, one of Nigeria’s leading indigenous energy companies, in a
press statement, expect to report a significant decline in their
earnings for the second quarter of 2016. This is due to the
devaluation of the Naira against the US Dollars as the company has
liabilities which amounts to a sum of $261 million dollars. The
devaluation of about 40% resulted in the foreign exchange losses and
this has been noted in the financial statements to be released soon.

However, despite the challenges, the Company is determined to increase its
dollar earning through its upstream and export trading business, which
would not be impacted by the volatility of Foreign Exchange rates to the
Naira.

Skye- 65,579,660 bid NSE drama

Well this stock won't exceed 1.50

Justcul:
If you have money, buy skye bank...rumurs have it that; government will be pushing about 100billion into the bank..this could be the reason behind the share price increase in value. Source; www.stocksng.com/radio

How true is this new.
What's the yardstick for pushing 100billion into the bank.

feelamong:
Chai!! see what Buhari is causing...some stocks returning 100% ytd

Those two stocks didn't fail to deliver.


TIGERBRANDS- Senior Alpha stock

UCAP- Alpha stock

TIGERBRANDS and UCAP Have Returned Over 100% This Year

https://www.proshareng.com/news/INVESTORS%20NEWSBEAT/TIGERBRANDS-and-UCAP-Have-Returned-Over-100Percent-This-Year/31693

Quantitative Financial Analytics
The lackluster stock market in Nigeria may have conditioned investors to become used to low average returns. The performance of the market in recent years may also have made investors less expectant of excellent or high returns in any particular year. It may therefore come as a surprise to discover that there are a number of stocks that have and are able to provide investors with not only excellent returns but returns in excess of 100%. Below are two of such high Alpha stocks

megainvest:
Joke of the century!!!

http://www.nse.com.ng/Financial_NewsDocs/14281_OANDO_PLC_PROFIT_WARNING_Q2_2016__CORPORATE_ACTIONS_JULY_2016.pdf

When i told some-people that Oando will fall more, they claimed Oando is moving towards profitability .

May Ogas please lets these stock fall to two Naira before you JIJO, these stock got no fundamentals.

agabaI23:
Well, she did not cheat on you.

You guys separated. She did not sleep with another guy while she was with you. So spare her all these. You are only regretting you are not the one that had her first.

Let her be if you don't trust her anymore which is actually your headache.

She did not cheat on you.

My Ogas, please allow the SKYE to fall below 0.50k before rushing to buy.

For stocks like this that lacks fundamentals, anything can happen.

Wow, Awo is a senior Ogboni man.
His dressing says it all.

Well this is the fruit of Liberalism.

Great to see the British wake-up on time with BREXIT.

I see lots of Europeans waking up after these events.

Coolcash1:
Are they efficient?

Yes, depending how efficient you want them to be.

But for me! they are efficient.

Coolcash1:
I want to sack my stockbroker...They charge me 1.7% and 2.35% for purchase and sale transactions...Just feasting on my hard earned money through ridiculous charges...This is something everyone of us need to watch to avert value erosion.

HMM,

Its seems leadcapital is cheaper with Brokerage commission of 0.7500%

Mangbo told the EFCC that the bank had only one branch in Ekiti State

Lionsclaw:
lol you lack experience. Who is Tinubu? You mean the man OBJ delt with? And after all Obj did to him he still calls obj the navigator of his soul lol. Look if Tinubu can worship obj he is a nobody. And if he was able to resist obj why dont you think Dino wont lose his sleep on acct of him. Guy go sleep

How did OBJ deal with Tinubu.

It should be the other way around.

Tinubu handled OBJ look a real Pro in politics.

Tinubu is not god, but he earned his respect in Nigeria Politics.

bkool7:
apart from Dina Melaye , who else have you heard from that Remi insulted Dina?

Kindly ignore these people.

Dino is too small for a man like Tinubu.

I know lots of big boys waiting to put Dimo in his place. All they need is permission from.......


Who is Dino!!!
Even his master Saraki won't say such nonsense against Tinubu.

Show get size .

Oando begins his movement south as expected.

The SKY is falling on SKYE bank. 0.40k is the target.


http://www.vanguardngr.com/2016/07/fitch-downgrades-credit-ratings-first-bank-uba/

https://www.nairaland.com/3221978/amcon-wind-up-mrs-holdings

Watching Oando carefully

koboko69:
So its Buhari and Fashola that are the Discos trying to hike electricity price now bah?
Who carried out the fraudulent privatisation that have not yielded anything?

Why was Fashola defending the increment at the National Assembly some months ago?

Femi Is wrong for calling Jacob, the Jewish patriarch.

OptimistGenius:
Hello guys, I'm a newbie here and learning fast! Please does anyone in the house know what's going on with transcorp? I've done my DD, it doesn't look like it's doing as well as last year (fundamentally) but it's not like the company is dying or anything. As far as I can observe the so-called fall in book value is minimal. Yet it's been losing back to back for the past 10 days straight! Am I missing something?? Its really making me doubt myself.

If you are a newbie, kindly stay away from stock like transcorp, and other stocks in that category.

Until you learn to shoot without missing.

MizTyna:
How is this your business? She's your mother not your lover. Again,if it were to be your father cheating or suspected of cheating would you raise even an eyebrow? There you have your answer

You are wrong, a mother is closer than a lover.
If she is it cheating it will affect his behavior towards other women.

InvertedHammer:
/
And how did he spring back?
From printing money in his bedroom?
The connection he has is such that all that is required was to have the president call his debtors and they will back off.
Do you know why they are all A.G.I.Ps?

Do you remember how Ifeanyi Uba of Capital Oil sucked up to the Jobathan family and he was given a soft-landing from massive debts?

Did Otedola suffer some business mishap? Of course! Even in this Buhari's government, every one is a victim. Yet it doesn't negate the fact that the story was embellished to appeal to emotions.

No Nigerian will commit suicide because of business mishap. .Talk to the poorest of the poor Nigerians, he will tell you that death is not his portion.
\

Oh yeah, lots of Nigerian Bussinessmen committed Suicide when the stock market crashed. Because most of them got loans for the investments.


You probably think Nigeria Bussiness men don't go through serious depression.

The poor are always comfortable in their condition, but greed and wealth drives the Rich.

If you remember Mike Adenuga saga with OBJ, then you will understand what these go through everyday.

That's why most rich Nigerian are not interested in doing business in Nigeria anymore.

onatisi:
Otedola told u these things ,abi
Ok ooo welldone

LOL, now I believe you are too young to remember Zenon and AP.

InvertedHammer:
/
Lol. A beg no mind am.

Someone who is worth $2b, even if he lost $1b (which by the way is by re-evaluation and not physical cash), is not starving.

Some people lose jobs and their lives go on a tailspin.
Otedola can walk into any bank in Nigeria and secure $1m loan in a heartbeat. Poor him!
There are some narratives that are interesting but Otedola's is not one of them.
\

He didn't just lost 1b, he was debt ridden with properties confiscated.

No, bank will give him loans in such conditions.

As at that time he was also battling AP shareholders.

Remember Adenuga once ran out of the country.

I don't pity the these men.

HAH:
Am a retired banker so I know a lot of such cases, the truth is that there are billions of naira belonging to death customers, after six months the accounts stops accruing interest, when the monay fallows for let's say 20 years some bank so post it as profit, infact most banks do that, first bank is the number 1 culprit.

My advice is keep document of the bank account safe even without anyone knowing after. Your death, your siblings or parent can take those document to court, the court will ask for death certificate, then the court will write to the bank for the balance of the account, then the court sent letter of administration to the bank where the a bank draft will be raised for balance in the courts name then the bank sent that draft to the court, the court will pay it into their account then after clearing they issue cheque rom their account in the name of each beneficiary, kindly note that the bank normally take certain administrative charges.

Hope this helps

@op

This is the best answer your questions.

Irrespective of your next if kin.

Bank will not give anyone access to the account without LETTER OF ADMINISTRATION.

Getting letter of administration is very stressful.