Streetinvestor2: This statement is a big lie.The opec crashed price to shut down Shale oil production. And it was not oil price that took oando to ridiculous price. Why didn't other oil companies drop to such ridiculous price. It was wale bad management and over priced buy of assets that crashed oando.
Low oil price crashed OANDO to #1.95k and Seplat to #150.
Well after 20ys of Trading in the DANGEROUS STOCK MARKET TERRAIN. Some of US have gone UNDERGROUND to ENJOY our RETIREMENT BENEFITS.
Locotrader: All ICT stocks are going to be repriced. For CWG,I am seeing a #20 stock. Etranzact will also rise Chams and omatek will deliver heavily. As it happened to the insurance after a long shouting so shall it be to the ICT sector soon.
LOCO better go appease the gods so by the time your portfolio hit 100m, You will quit MONKEY BUSINESS and start REAL INVESTMENTS. I rest my case.
OakPearl: City Code Trust just won’t change na. They were my first brokers 26 years ago. No internet to check price. We will first be waiting for vendors to deliver Guardian and Vanguard newspapers from Lagos around 12 noon to see price list of the previous day to determine benchmark price to pay for stocks we wanted. Next day you will come and be told price went up so you have balance to pay or your contract note will be withheld. Kai!
= Rex insurance,one of it's subsidiaries contributes about 80% of the group revenue
=Restructuring ongoing in 3 subsidiaries now
= Africinvest and Blue orchard are the 2 foreign investors that controls 60% holdings in Rex insurance and also control substantial stakes in the group.
= Rex insurance a subsidiary values over 23B while the group values below 6B.
These 2 foreign investors are looking for value hencing the reason I am pitching my tent here.We will continue buying Royalex until it breaks #1.
3-5yrs TP is #5
See the way LOCO gave 3-5ys timeframe as if he will stay up to 3monrhs in the said stock
mikeapollo: The acquisition might have been priced in already. But the benefits (cost efficiency, performance and profits etc.) accruable from the acquisition of ENI/NAOC assets will only start reflecting in Oando's financials going forward! Wait until you see the 2024 Q3 and full FY2024 financial results. Oando is making gradual, remarkable progress in spite of the difficulties in past years, but some people are neck-stiff in acknowledging it. Investment analysis does not begin and end with past performances. Future revenues and profits are also key to investment decisions.
So you MEAN we should WAIT for 2024 Q3 and full FY2024 financial results that will be release in 2026
Choiceguy: It will go lower than that price because, Inflation and forex shortage worries MPC members( punch newspaper). I am sure they might increase rate by next MPC meeting coming up by July and investor will dive high interest rate then stock price will drop.
Yes we will START to REPURCHASE at circa #9 then if it goes LOWER we AVERAGE DOWN.
yMcy56: Na where dem dey see Agba be this. Peter is too smart for this.... Some averaging down can be worth it sometimes.....and not necessarily a "recipe for disaster" as my oga-on-top go call am.
You dey mind am We that left both Transcorp and Transpower the since beginning of March.
Revenue: N3.4 trillion vs N1.9 trillion, +78.9% YoY Cost of sales: N3.3 trillion vs N1.9 trillion, +74.3% YoY Gross profit: N77.0 billion vs N78.6 billion, -2.0% YoY Other operating income: N381.8 billion vs N28.5 billion, +1238.6% YoY Administrative expenses: N240.2 billion vs N82.2 billion, +192.2% YoY Operating income: N214.5 billion vs N20.6 billion, +941.2% YoY Net finance cost: N110.4 billion vs N81.6 billion, +35.2% YoY Profit/(loss) before income tax: N104.1 billion vs (N61.8 billion), +268.4% YoY Income tax expense: N29.4 billion vs N19.4 billion, +51.4% YoY Profit/(loss) for the period: N74.7 billion vs (N81.2 billion), +191.9% YoY Basic and diluted (loss)/profit per share from (loss)/profit for the period: N6 vs (N6), +200% YoY Total Assets: N3.14 trillion vs N1.25 trillion Total Equity (loss): N236.3 billion vs N197.2 billion Retained Earnings (loss): N488 billion vs N568 billion.
sterlingD: l want to ask a question concerning Transcorp share reconstruction.What will happen to the share price ? Will it be increased by the factor with which the share is reduced ?
l remembered vividly Mansard share reconstruction exercise and what happened there after
When I was just a little girl I asked my mother, what will I be Will I be pretty? Will I be rich? Here's what she said to me
Qué será, será Whatever will be, will be The future's not ours to see Qué será, será What will be, will be
When I grew up and fell in love I asked my sweetheart what lies ahead? Will we have rainbows day after day? Here's what my sweetheart said
Qué será, será Whatever will be, will be The future's not ours to see Qué será, será What will be, will be
Now I have children of my own They ask their mother, what will I be Will I be handsome? Will I be rich? I tell them tenderly
Qué será, será Whatever will be, will be The future's not ours to see Qué será, será What will be, will be Qué será, será