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Ositadima1's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:28am On Sep 05, 2024
yMcy56:
In as much as I don't want to make any post today if possible, your allegation drags me out. grin

Wow! Just wow!!
This is not my papa's thread nah....
So trying to correct someone is now tagged "attack" and "marking territory"?
Which territory?
Haven't you seen me respond on "M" monikers even more, saying my opinion ?

Ok o.
"F" monikers, make una no vex o. If I see your posts, I'll be skipping as usual.....because I used to avoid posting on it or replying any of such post self, because of the attacks from anything "f" on this platform.

I'm just being myself.....and guess one needs to put up pretence attitude once online, but me I can't do that, I go kukuma keep quiet, ignore or skip una posts instead.
I said it, like 2022. cheesy cheesy tongue
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:19am On Sep 04, 2024
yMcy56:
You may have to get down your high horse sis.
Yes, that's how the saying goes but I don't think there's anything to warrant this here.....maybe I viewed the post from a perspective of you being arrogant or something anyway.

Loud noise as in people posting their views or being active here or being small investors?

No vex. I just don't understand ni o.
You can make me to understand if you don't mind. Then I'll apologize to you if I got you wrong.
That is not a sister right there; that is a big, hairy man. XY chromosomes. shocked
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:01am On Sep 04, 2024
megawealth01:
Can you please drop the latest here because I haven't seen anything like that in the history of Nigeria
You spend too much time on this thread. That's why. Is it healthy? I don't know.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:58am On Sep 04, 2024
megawealth01:
Can you please drop the latest here because I haven't seen anything like that in the history of Nigeria
https://www.nigerianstat.gov.ng/
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:11am On Sep 03, 2024
ojesymsym:
They rel talk say u like Mercy. Where she for mention your name for that post na?

A duel between you, Agba and mankind should solve this love triangle once and for all.
I like her very much, more than you can imagine. I like all children of God, especially those who are going astray. I have a big, soft heart like that. cheesy cheesy shocked
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:01am On Sep 03, 2024
yMcy56:
OANDO
For all those tarnishing the image of this Company or posting libelous and careless unfounded posts, either individual or entity, legal action awaits you.......😊

Continue to hide behind your keyboard to post non.sen.se on faceless forums.....shebi you said you no wan hear word....... tongue

https://doclib.ngxgroup.com/Financial_NewsDocs/42090_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_SEPTEMBER_2024.pdf


https://doclib.ngxgroup.com/Financial_NewsDocs/42089_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_SEPTEMBER_2024.pdf
How am I tarnishing Oando's image by telling the truth? I merely pointed out that Oando's ownership in the Okpai power generation plant is not 100% but 40%, contrary to the false information you were disseminating. If Oando should take issue with anyone, it should be with those of you who produce false statements without conducting proper background checks. Dey play... tongue shocked
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:41am On Sep 02, 2024
stcool:
Why you dey highlight the N80 grin grin grin
People dat entered at 81 got injured I swear, even if the DS come do pass that 80 next year they go don miss opportunities like Oando as they go dey wait make the thing set again.

I no hate any stock, but better to enter early when ur mates dey enter, no sense in encouraging people to enter stock way don do x8. Make dey no take because emotions and selfishness put others for injury. grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:29am On Sep 02, 2024
stcool:
Please, I am not Mega o... grin

Despite banks set for mouth watering dividends starting with Half year results. I am just surprised that people would still be buying Oando without seeing results or negative shareholders fund at the current price.

Well I am only calling for caution, alot of people still have their funds tired down with Dangote above N80.

what do I know?
Reasoning and comprehension don dey go, emotions don take over, lol.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:26am On Sep 02, 2024
yMcy56:
You dont get it, do you?
You told us to run at somewhere around 12 or below self.......now you came back to run @89/90.

I'd thought you'll address what transpires btw 12 and 90 first, before you start telling us to run again.
Make una explain that one first na.

Mega, seems you're neither here nor there.
Maintain one lane, make we know which group you belong. grin
No be una wey dey inside him dey tell, make una emotions no clog una reason o, so if person enter now the thing come do kpeke kpeke, you go stand strong say na u support am, or u go disappear as u do before for 2022. grin grin tongue
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:21am On Sep 02, 2024
yMcy56:
Oga, you said this in June 05, 2024

Check the price btw then and now.......
Now you came back to say it will be dumped @89/90......not your usual 12 again?

Why should someone like me believe what you just came back from sabbatical to say?
It's just kwesion o.

While we don't say you Ogas shouldn't caution, I think we can however refrain from hate speech.....
Give us figures or concrete data to back up your claim.
Shebi u talk your own, they did not argue or throw tantrums, somebody talk him own you come they para on top.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:02pm On Sep 01, 2024
Pesuzok:
Are you now convinced that the power plant is different from the power plant in OBOB gas plant used for the plant and supply electricity to the community
I'm not sure what you mean here. I wasn't aware that Oando had a 20% stake in a power plant (which didn’t significantly impact their revenue). Now, with their stake increased to 40%, let’s hope it makes a difference. As for other facilities like the OBOB gas plant, they're not commercial for obvious reasons.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:43pm On Sep 01, 2024
It was a JV 60/20/20, now 60/40 with NNPC/Oando

https://www.gem.wiki/Oando_Kwale_power_station
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:22pm On Sep 01, 2024
mikeapollo:
You are referring to the JV in the oil well OML 60-63. That is distint and different from the power plant.
https://www.power-technology.com/data-insights/power-plant-profile-okpai-power-plant-nigeria/?cf-view
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:52pm On Sep 01, 2024
KarlTom:
Okpai 1 (480MW) is commercially active.
However,the OandO-NAOC deal stated the capacity of both plants (960MW) which is kinda misleading... smiley
Ok, u dey right. But Oando share there is 40% not 100%.

Except u won carry my share and your share dash Oando. grin cheesy
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:44pm On Sep 01, 2024
brotherly:
Na you give yourself work na. too early to complain say the work hard grin grin grin

Please provide reference showing Agip controlled 40% of the kwale-okpai power plant.
I don't assist my opposition, but on a serious note, the ownership ratio of the Kwale-Okpai power plant under the NNPC/NAOC/ConocoPhillips (acquired by Oando) stands at 60/20/20. It’s up to you to conduct your research. grin grin tongue
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:42pm On Sep 01, 2024
Raider76:
The bolded may not be correct. Just talked with an Engineer at TCN and he categorically said that Okpai is NOT yet connected to the grid. There are engineering foundation, access, security and contractual issues to resolve before the necessary systems needed to evaluate the power can be constructed.

Please don't take this as being -ve. Just trying to learn the actual position from sources I know. I believe whatever problems are preventing the project can be resolved by Oando given their connections.
The Okpai Power Plant, officially known as the Okpai Independent Power Plant (IPP), is one of Nigeria's key power generation facilities. It is located in Okpai, Ndokwa East Local Government Area of Delta State, Nigeria.

Here’s a detailed overview of the plant:

Background and Ownership: The Okpai Power Plant was a joint venture between the Nigerian National Petroleum Corporation (NNPC) and Nigeria Agip Oil Company (NAOC), which is a subsidiary of the Italian energy giant Eni.

Commissioning: The plant was initially commissioned in 2005 and marked as one of the significant milestones in Nigeria's efforts to boost electricity generation.

Technical SpecificationsType: Combined Cycle Gas Turbine (CCGT) Power Plant.
Capacity: The plant has a generating capacity of approximately 480 megawatts (MW) from its original setup. There was an expansion (Okpai Phase 2) that added an additional 500 MW capacity, bringing the total capacity to nearly 1000 MW.

Fuel Source: The plant is gas-fired, utilizing natural gas extracted from the Okpai field and other nearby gas fields.
Copied.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:36pm On Sep 01, 2024
I am the equalizer of the Oando positive sentiments. It's a tough job, but it has to be done. grin grin tongue
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:32pm On Sep 01, 2024
brotherly:
If you have Oando , dont allow over analysis make you panic o.

Geregu: Generates 435 megawatts (MW) of power. 2.5 billion Shares are valued at 900 naira each.
Transcorp Power: Generates 950 MW of power. 7.5 billion Shares are valued at 336 naira each.
Oando: Generates 960 MW of power. 12.5billion Shares are valued at 76.95 naira each.

we have not even spoken about oil and Gas output which matches that of Seplat

All of them have loans. There's no need to single out Oando for this.
With this acquisition, Oando's interest in the Kwale-Okpai power plants (Phases 1 & 2) has increased to 40%. These plants have a combined nameplate capacity of 960 MW, but only 384 MW of this capacity is attributable to Oando based on their 40% stake. grin grin shocked
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:08am On Sep 01, 2024
ositadima1:
How much of it is utilized by operations? Here, I mean the surrounding oil processing plants owned by the company.
The Dangote Refinery in Nigeria has an installed power generation capacity of 435 megawatts (MW).
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:56am On Sep 01, 2024
There's no need for emotional outbursts. I'm just contributing my own opinion, since Oando covers more than 70% of every page here.

Unless you don't want me to comment again. grin grin shocked
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m):
debeey87:
Okpai and kwale can't use over 500MW of electricity as they are a small community. I don't know about the installed capacity at the Ebocha center.
How much of it is utilized by operations? Here, I mean the surrounding oil processing plants owned by the company.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:24am On Sep 01, 2024
Raider76:
So Oando is really buying a liability here. They will soon learn why Eni had to leave. I hope they did their DD well.
I don't know if it's a liability, but I have seen so many people talking about the revenue that will come from power generation alone, throwing numbers around.

They should first check if this generation capacity was generating revenue as an independent entity or if it was just a component of operations. undecided
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:11am On Sep 01, 2024
My conclusion is to take the power generating plants out of the equation, as they are not for commercial purposes like those of Geregu and Transcorp.

Don't take my word for it; verify and verify again.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:08am On Sep 01, 2024
Streetinvestor2:
Can you share the link.What was transcorp power PAT since they have the same capacity. Is the oando power plant linked to the national grid. All my questions here are for sincere purposes because I don't have idea about them
This is a very interesting point. It does not seem like their power plants are linked to the national grid, based on my experience while I was at Ebocha.

The surrounding community was using free electricity; nobody paid a dime. The power supply was steady. Also, the gas plant in Omoku was used to power the Ebocha Oil Center operations. As far as I know, these power generating plants are not commercial but used to run the in-house operations and neighboring communities.

If Oando decides to commercialize this power, then it will be a big issue between them and the surrounding communities.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:04am On Aug 31, 2024
All this is dynamic o, both intrinsic and consensus value is updated based on new information.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:01am On Aug 31, 2024
Laso09:
There are different methods used in valuation that are generally acceptable as standard.
Those don't respond to an individual bias.
We are all at liberty to do and believe whatsoever we want.
I like your point of view. Let me chime in with my own understanding.

Let's take a loaf of bread as an example: the value placed on a loaf of bread varies depending on who the individual is and where they're coming from. A very hungry person may value it highly since they need to quench their hunger quickly, while someone who is not as hungry may not value it as much. Similarly, some people may see it as large when they compare it with what they've seen elsewhere, while others may have a different opinion. Sometimes, many people may have similar views and push the value very high or very low.

But, the FA person tries to quantify the value based on the properties of the loaf of bread itself. They may try to measure the caloric content and assign a number based on that, hence the idea of intrinsic value.

I believe intrinsic value should be a range because there are many ways an item can be valued, and they may all give different valuations. Again, FA practitioners came up with the idea of margin of safety to address this variability.

So, there is the intrinsic value and the consensus value. I think this is what makes FA in a nutshell.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:14pm On Aug 30, 2024
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:07pm On Aug 30, 2024
That was in 2015, Ebocha Oil Center.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:02pm On Aug 30, 2024
KarlTom:
Sorry about your experience. You'll agree that palms will be oiled to overlook these laws when it concerns locals compared to expatriates

It is easier and cheaper to negotiate with Nigerians than with expatriates...

PS: Alhaji M.A. Dokubo is a 'friend' of the government wink
Imagine you’re on your way to work and see thick smoke in the distance. As you approach your worksite, you discover it’s on fire—a large storage tank burning due to poor safety practices. Agip is the worst when it comes to safety, and I’ve heard it got bad after Nigerians took over most of the top positions.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:44pm On Aug 30, 2024
KarlTom:
The bolded was not explicitly stated but they indicated that NAOC (and a few others) was having an impact on the Group's Financials mainly because their partners AND NNPC were owing / not fulfilling their part of the agreement.
Some other reasons for their exit were also stated (see attached SC)... wink

May I also add that IOCs pay attention to work place ethics and working conditions.
They are compelled to pay premium insurance to get their staff to work in highly volatile areas/countries.
When it comes to work ethics and conditions, Agip is the worst of them all. I once worked at the Ebocha Oil Center, one of their storage, preprocessing, and distribution fields, and I know what I witnessed there. Oando has been collaborating with Agip for quite some time—I remember seeing them during my time there. Most of the operations were already being run by Nigerians. I believe they had a few Italians at their gas plant in Omoku.

But do you really think the issues of insecurity, volatility, and asset theft will disappear once Oando fully takes charge?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 3:25pm On Aug 30, 2024
Willie2015:
Buhari spent over $19b ....
in maintaining four refineries ...
Within 8 years ...
That $19b that disappear with no results...
Revampin is a minor issue...
If they meant bizness..
They know what to do....
$19b is minor. shocked shocked shocked
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 3:21pm On Aug 30, 2024
KarlTom:
I dropped the ENI FY20323 report here some days ago (I will search for it again).
I asked myself the bolded and took time to search for answers... wink

NB: Mobil, Shell and co are also selling some of their assets.
I will bring this up again AFTER the deals are completed... wink

I am in the industry...
I downloaded it and reviewed it that day, but I didn’t see where the revenue from Nigerian operations was stated. Ok, aside from that, you might be thinking their focus on green energy explains the sale, but it still doesn’t justify selling so cheaply if it’s worth more.

Hopefully, Oando and Tinubu will manage it better than the Italians, but that remains to be seen.

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