₦airaland Forum

Streetinvestor2:
Betnaija stock fit do full bid today with the way I am seeing it.The bid is increasing

#BetOnOando
Specially for you.

https://www.cnbcafrica.com/media/6364224464112/oanda-ceo-on-building-energy-infrastructure-in-africa-/

Hogwarthtrades:
This site is really chill, reminds one of finviz. Is there more coming in terms of features like charts, scanners and current trade placements,etc free vs premium options?
I will keep an eye out. Viva Nigeria !

Reminds me of "MarketWatch". They had stocks visually represented in squares that would glow red or green as the market data changes. It was cool back in the days.

@Toyeoye Passionate, driven, responsive, innovative ......... Way to go! Good on ya bruh!

@Megawealth01 Your bargain entry price for Aradel must have been a wickdt one. You no rate Aradel be that. I think it's safe to buy below N500. We can almost say every Aradel employee don buy finish at those levels. Yawa go gas for office if Aradel no deliver. Their MD go hear ween. Jokes!!!

Streetinvestor2:
You should ask yourself if they are truly cocoa company on ground or just . cocoa company on paper .Na so persons dey answer gold here but na sand he dey sell.Many cooperate scarmer dey this nse.

Haha......that cracked me up big time.
Fake it till you make it. Na so neighbours go dey call lab attendant "doctor" or mechanic "engineer". Feel good!

They are truly a cocoa company but have been the doldrums for years. Same way Naija (particularly because of the SW) is a cocoa country on ground and not just on paper but we all know the story.

For JapaulSand, since they acquired real Gold companies with mining licences that should justify their name change to JapaulGold?

Sunrisepebble:
This has been on for two years, and most definitely factored into the price already, what reaction is expected again?

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

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

KarlTom:
SEPLAT

https://doclib.ngxgroup.com/Financial_NewsDocs/42694_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_COMPLETION_SEPLAT__CORPORATE_ACTIONS_DECEMBER_2024.pdf

Market reaction to the news?........... Not surprised.

Omooloriredade:
Just in case you missed the first part of my post.

I started by asking what was huge in the announcement? Investors can not make informed decisions based on the info provided. Have a read of my questions again.

The part you quoted is "for benefit of doubt". What would you say if management already considered some of the questions posed and have answers to them? Striking a balance in your analysis especially when you don't have all the facts is a good practice.

I am in no way deluded about a special dividend being handed out. No cash payment is proposed. I have always maintained and even opined in the post you quoted that Oando should focus on paying off debts before anything else. However, management proposal could be a reward of some sort even though the ultimate goal is an accounting abracadabra. Balance sheet makeover. My questions already addressed the reward........what is my gain if I can't monetise it? So please read my post very well. Pretty sure I covered most of the issues if not all based on the available information at our disposal.

As for the Asset rich entities, again we don't have enough information to make a determination. Hence the reason I started with IF, again condition for it to be considered a positive. I don't know if it is.

If you were wondering if it is possible for an asset rich entity to struggle with payment yes, it is. I recall quite a few gas-powered Gencos struggled with settling their debt to the Gas suppliers at a time because Discos were unable to pay them for energy supplied. The system was so broken the FG had to step in (possibly a problem they can't be absolved of in the first place). Not going into the details of what they did or if it resolved the issues. That's another long story.
Also, some JV partners in O&G are well known to struggle with meeting cash calls yet they own appreciable Working Interest in lucrative oil blocks. It could just be sheer mismanagement or inidividual management prioritisation of capital allocation may not align with JV interests. Look up NAOC vs Oando debt case that only got resolved as part of the acquisition.

Summarily, read my post again. I tried to be as balanced as possible. I didn't go off maybes. My thoughts are based on announcements released by the company and annual reports.

https://punchng.com/n2-7tn-debt-nigerians-face-blackout-as-gas-producers-cut-supply-to-gencos/

An age-long problem, a systemic issue needing a fix. It's 2024 and it's still going on. Multi-faceted issues that I'd rather not go into.

Not suggesting Oando will be distributing shares in their power plant just backing my commentary about asset rich entities that could be facing temporary cash crunch or dollars to pay gas suppliers. It is left to investors to decide if they won't accept shares in a working power plant experiencing temp cash crunch due to a broken system.

Again, just an example. No idea what Oando is planning.

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/42688_SEPLAT_ENERGY_PLC-ANNOUNCEMENT_ON_UK_PROSPECTUS_PUBLICATION_REGARDING_MPNU_ACQUISITION_CORPORATE_ACTIONS_DECEMBER_2024.pdf

Like the information released by SEPLAT on NGX today. I guess Oando must have published something similar. Will be good to compare.

This news didn’t move the market. That means it’s not new information.

When it comes to regulatory disclosures and investor relations, Seplat has such a high standard that it may be almost impossible for Oando to match.

Oh boy! See detailed presentation na. A lot of work sifting through the web, results to find corresponding data on Oando.

Sunrisepebble:
Interesting disclosure on Aradel: https://doclib.ngxgroup.com/Financial_NewsDocs/42692_ARADEL_HOLDINGS_PLC-ARADEL_-_PRESS_RELEASE_CORPORATE_ACTIONS_DECEMBER_2024.pdf

Good move.

Was this a plan B after the Renaissance/Shell deal fell through or maybe it was meant to be the icing on the cake? Looks like the latter.

As per their previous press release, the quest to acquire Shell's asset is still on.

I like the moves being made in the O&G sector.

Streetinvestor2:
With what you have listed.That means the 20 billion naira from PP is too small oh

Yes, it is too small but like I noted earlier, acquiring Covenant Gems and H&H Mines means some of that infrastructure is on ground albeit on a reduced scale. An upgrade to existing infrastructure is required. Capital intensive but very rewarding. There is no difference between crude and solid minerals in terms of the opportunity to make money.

To compete with the big boys who have seen the light and will be entering this space, they will need access to more capital. Speaking of the big boys, I foresee acquisitions in this space. Think Oando, Glencore etc buying up the small ones sitting on certified reserves but without sufficient capital to go to production or scale up.

Please have a read of the plan linked below
https://japaul-cloud-2048base.online/archive/public/docs/Gold_Mining_Investment_Fund.pdf

To have a grasp of the potential here, please have a read of Segilola Gold project, a nearology play to JapaulGold. Mining terminology to indicate close proximity to an existing discovery. By the way, JapaulGold reserves have already been certified so they are past the nearology speculation phase.

https://thorexpl.com/projects/segiliola-gold-project/

2022 was first year of production, 98,000 ounces of Gold. 85,000 ounces expected in 2024. An ounce is about $2,675. You do the maths and convert to Naira.

Streetinvestor2:
Did they give reason for this long time .As I know you only need to just extract gold from ground and don't have to add additional value to it before you sell.what will the cash raise from PP be doing till 2026

I think it's in line with international standards. It takes about two years from feasibility studies (PFS and DFS) for a mine to be fully ready for production. An important factor to consider is the availability of capital sha. The first few years is spent building the infrastructure that will support the mine - camp for workers, establishing transport channels - mine to refinery or port, power and water solutions etc. Pretty sure you should be able to see the camp from google earth if you have the coordinates.

I believe Japaul will be starting with a pilot plant to get the cash coming in first. Then they will scale up with time. Point to note though, Japaul is making an entry into this space via acquisition of companies with some existing infrastructure.

The one you are referring to is artisanal mining which is what is prevalent in Nigeria. Dig up the "ore", do basic processing and sell off (usually below actual value). I have seen media coverage of some of these miners.

megawealth01:
Agba is like Wale they can't repent?

I don edit that post bring out your own file o ......haha.

Your probation period don start

Locotrader:
You left the off market deals info you are good at and be looking for what Agba is good at.

You must have learnt your lesson

It's all good bro. We move. I get one research I go share on Japaul but na 2025 I go drop am. I don't see anything happening the next few weeks/months in my opinion.

brodalikeme:
Na your mouth been wan put you for trouble. There isn’t an explanation that will rationalize your earlier comment. I also share her sentiment about the market yesterday. If your comment was made in response to what she said to @mikeapollo, I wouldn’t have called you out.

Anyways, you done explain and apologize, no need for more talk.
I like the sanity and maturity on this thread as compared to other sections on nairaland and wouldn’t want to trade it for anything else.

Oh! I see where you are coming from. Yes, it was made in response to what she said to Mike. I edited her post to remove the unpleasant part so she could have an opportunity to edit her post later when she's good. That way, there is no trail of it. She has done just that. God know say I no lie when I talk say I have a unique lived-in experience with and an understanding of women........haha.

@Mercy Make we try to dey understand each other and not fight one another unnecessarily. It will be difficult to police or censor what people post here. Mike, Sb, Prophet, Bagwa et al will always be drawn to post about Oando and they should be allowed to do so as much as they wish. Mega can't help but flash teeth. Wetin we go do? We will just have to accommodate a lot of things but if we have to correct, we do it gracefully. They will most likely receive it better that way otherwise, if they are defiant, what can one do?


@Toluway, our own na "ego". A lot of men have fallen because of it.

@Agba, you need a saviour.

essentialone:
It is a sensitive topic. Like discussing the colour of your pubic hair. Keep private things out of public discussions. QED.

Yes sir.

Agbalowomeri:
On behalf of the committee of women, your apology is accepted

Go and sin no more

Your fine is a white she-goat, buy it on a market day

Omo I fear when I see responses to my post.

Please don't be offended o. Ah! It was not intended to cause harm to anyone o.

Instead of she-goat, I fit go meet Oando prophet for prayers of forgiveness na.

Sincerely, if any of the women here took offence at that post, it wasn't my intention at all

essentialone:
"please accept my unreserved apology o." is the only part of your long epistle, that I understood what you were actually saying.

I guessed as much and that's perfectly understood

Keen to see how the women here perceive it though. In my enviroment (growing up and now), such topics are openly discussed. It's nothing to be ashamed of. Actually, it is men that make it a taboo to mention things like that.

essentialone:
This is not even remotely funny. We can do better. We are here to Make money from the stock market, nothing more, nothing less. Some words are quite irrelevant.

brodalikeme:
Hmmm,
This your talk strong sha. Totally out of place, insensitive and hitting below the belt.

GeeKudi:
This is so condescending. Haba!!

African men and so much disrespect for women.
If there is anything you need to rebuke her for, do that on the basis of the honour we all share here.
What has her body and physiology got to do with her post?

Let's do better.

Wow! Wow!! Wow!!!

You guys may have misinterpreted my posts completely. I'm shocked with your responses.

I grew up a lone guy among so many women - mother, sisters, cousins, aunties - all women. It was common for them to blame hormonal changes when they misbehaved. They used it to get away with so many things. As a man, you are meant to have this understanding and not over-react when a woman snaps "occasionally".

Used in like manner in my response. She is not known to react that way or use such language here in NSEMPA. It's clear it was out of character for her to respond to Mike that way not to talk less of including everyone that liked his post.

Did you notice the reference to Hormones was posed as a question? A rhetoric one she obviously wouldn't answer but that she can relate with as her body undergo these changes regularly. That first line was to let her know I understand why she could have reacted that way and offer her a solution to take a break. I am keen to understand how it's perceived by you guys. As I have explained earlier, I have an understanding of these things and the women in my life (including acquintances) make mention of these changes when it influences their behaviour. Also, my Lagos reference was to make her understand the gravity of her actions while still not being too direct.

Sincerely, I would like to ask the women in here. Did anyone of you feel disrespected by that question? I noticed it the men that have quoted me so far? Mercy, did you find it condescending? Well that could have been a poor attempt at de-escalating an issue while still passing a message to her. I'd appreciate a women's perspective on this. Maybe I'm missing something and if I am, please accept my unreserved apology o.

yMcy56:
Today's market get as e be o
What could possibly have caused this?
....

Hormones at work? Take a break.

I won't attempt to tell you what's good or bad. You sabi.

Just reminded me of "iyalaya gbogboyin". Na one person offend them o but them go lump everybody and anybody wey them see even passers-by for motor park

Chai! Lagos!

Locotrader:
CHAMS.
I am currently sitting at 5% loss.
I have not made even one kobo profit.
I am also ready to go on 15% loss and will like to accumulate at 15% loss to average down.

Nothing really happening here to call names at this time.

If I make it in the future,kindly rejoice with me and don't envy or call names.And if I loose,I will nurse my wounds without quoting anyone.

Aww! This is why I am a fan of the great Loco.

I wish you well. Chams has prospects so it should come good for you eventually. I doubt you can hold on to Chams for 6mths to 1 year though.

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

Mo rerin takiti. I laugh so te

pluto09:
I think it would had been better if they give information on the number of barrel they are producing now

Please don't take my word for it. It was not an official NGX release.

Considering the context of the meeting, Oando assumed operatorship of the JV with NNPCL and was providing an update/scorecard to the JV partner. Sort of a progress report or impact assessment to NNPCL since taking over.

I'll assume Oando was referring to JV output not it's 40% share of output for below reasons:

1. Oando appeared to be spruiking its achievement. Assume pre-initial or base output is Xboepd.
2. A 50% increase in Oando's production share post acquisition is infact a decrease in JV output. Not something you would celebrate.
3. Mathematically, post acquisition figures will be Xboepd + Xboepd = 2Xboepd. If you read and understood the news to mean Oando's share is now 1.5X, it means the JV has lost 25% of its production. The NNPCL should have issued Oando a "Please explain" so the meeting should not be one for champagne popping. I don't expect NNPCL to join Oando in celebrating a 50% increase it's share of the JV ONLY because of NAOC's asset while NNPCL actually suffered a loss.
4. Q2 production figure was 24,389boepd, if we assume they were able to sustain this rate till August when the acquisition was completed, Oando's share without any increase in JV output should be 48,778boepd. That is, base case is 2X already without any production increase.
5. If we can safely arrive at the conclusion that the 50% increase in production is in fact JV increase and not the outcome of NAOC assets acquisition (which doesn't make mathematical sense), Oando might be implying they are now producing 73,167boepd.

Please note assumptions carefully. If there had been a significant decline in production prior to the period being considered, then the 50% JV production increase could also be misleading.

Conclusion - Make everybody (reporters, NNPCL, Oando etc) rest small. Lets start with Q3 result first.

Agbalowomeri:
The suspicion is coming to pass

NGSEINS10 massive leg-up on the weekly, also breaking ATH 3 consecutive weeks in a row

FA people, any explanation?

You bought an insurance stock, didn't you?

Which explanation again? Their turn never reach? CHI looked good to me. Still not sure why it's taking MB forever to release results. Their last few quaterlies didn't look bad to me.

Disclaimer - Look before you leap o. Not a recommendation to buy or sell.

zendi:
I blv all Oandites got this msg from FIRSTREG at 10:15 am today =

Dear Shareholder, The 45th AGM of Oando PLC will be held at the Zinnia
Hall, Eko Hotels and Suites, Plot 1415, Adetokunbo Ademola Street, Victoria Island, Lagos, Nigeria, on 17/12/2024, by 10:00 am. Click https:///ONM2024 for Notice and https:///OOPF2024 for the Proxy Form

Omooloriredade:
The 27/11 to 29/11 closure does not affect the special resolution regarding the distribution of shares. Register will be reopened after 29/11. It may because the company needs to send out notices, proxy forms etc.

However, if you are interested in the share distribution, then you gotta be a shareholder on the day the resolution is passed which is the AGM day (assuming shareholders vote in favour of the deal). Also note that shareholders will not be alloted the shares on this date. It may well be months after so it won't matter if you sold after this date (same way dividends are administered).

For now, I'll run with my theories on Oando until they are disproved by NGX annoucements. They seem to be right on the money so far.

Disclaimer - Na play o. Make I no go mislead the simple ones.

mails4funshi:

https://www.youtube.com/watch?v=mPmz4uaeJdo

The AGM audio was pretty bad so it was difficult to follow. Did they say they have 500 pigs now? Shot them a few questions via email but no response yet.

Why is it taking them so long to complete the CPO mill? Anyway, I still believe they will come good eventually. They are making good progress.

Why does it seem like shareholders jostle to move and second motions in AGMs? You should not miss the opportunity to ask management important questions about the business at the AGM. Anyway, I just think it's hilarious that the energy in the room goes through the roof when it's time for motions to be moved.

Disclaimer - Not a recommendation to buy or sell. Ellah still has a lot to prove.

cocolacec:
Please which website can i find off-market trades?

Oh! I got those off the "News" tab of Morgan iTrade. I don't follow the news as such. I only check when I'm bored.

You have to sieve through to find the useful ones though.

Pretty sure other brokers would have something similar.

ojeysky:
Joined briefly, are you sure that was the link to a agm? It all looks quite informal. No branding, no video etc. It is well o

We need to raise our game true true

Was there no prep or prestaging done before the actual meeting?

jadyclem:
Abeg any chairman in the house using investment one app to buy stock, can you please direct me on how to go past "the opt-in" wait period when buying stock there for the first time?

My account has been verified and everything is okay with the account. I've seen messages to the investment one customer support regarding the issue but they yet to respond for over 2 weeks now.

Please, what can I do to purchase stocks on the investment one app without it telling me to opt-in everything and declining the trade?

@emmasoft I don't know your position in Investment One but I commend your effort in trying to resolve customer issues raised on this platform. BUT I have a question still: Is the email account not monitored? I wonder why a customer's enquiry will go unanswered for weeks. Actually, it's a rhetoric question. One of those little things that are often overlooked by organisations or people in business.

mails4funshi:
ELLAH Lakes AGM Link:

https://cordros.us7.list-manage.com/track/click?u=3c93a86e5e30d5a65db2828c4&id=9470991560&e=7f4174ce9a

Thank you.

bovali:
Also, they do not plan to delist after acquisition

Not immediately but eventually. Refer disclosure shared by @Sunrisepebble.

Sunrisepebble:
There is a new disclosure released today.

Awesome!!! Thank you.

@Xidget please take note. I was going to quote you but decided against it. The market will track/chase the Chinese valuation eventually.

Also, transaction will be completed in 2025. We know how these things drag on forever before regulatory approval is received. The mandatory takeover might not happen until late 2025 (at the earliest) or early 2026.

The market is generally not stupid. The mandatory takeover price can't be less than what the chinese are paying now (current valuation + premium). They will still have to propose an offer when that time comes but I reckon this news will sustain the market SP regardless of financial results between now and then.

Disclaimer - I made no reference to any target price o. Oh no! Did I? This is not a recommendation to buy or sell. DYOR or consult your investment adviser.

Sunrisepebble:
They’ve released the outcome of the meeting on NGX also

When? I don't think so o.

I was referring to this emergency meeting on a Sunday before trading starts on Monday 02/12.

Am I missing something?

vacanci:
You can still communicate without sounding insulting and proud. Your entry comments makes ur post senseless to me

"I remember we were shouting here that the visit to that farm was a scam but most no want to even listen at all. Herd mentality no good."

This was not an encouraging entry from you either. It probably influenced the tone of my response to you too.

We can all do better?

Sunrisepebble:
https://www.reuters.com/markets/deals/holcim-sell-lafarge-africa-stake-huaxin-cement-1-bln-deal-2024-12-01/?taid=674c2c9b0366ac0001c85aa1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
It is just the Majority Shareholder

Good info, Sunrisepebble. Calculation on point too except for the exchange rate used.

Emergency meeting required indeed now that the info is out there.