BullBearMkt:

OANDO's financial reports are encouraging

People still dey open Wale's documents Lol

This Oando will sell N15 with this their posts and BAT's coming. Don't just stand by and watch, current happenings and sentiment in stock market......
It's better to partake and join the train if you can.

119mba:
This Oando will sell N15 with this their posts and BAT's coming. Don't just stand by and watch, current happenings and sentiment in stock market......
It's better to partake and join the train if you can.

Not interested.
Lost money on Oando.
Offloaded all my Oando at N4.00 plus last year.
Didn't buy any of those shares less than N20.
Got tired of waiting for it to turn around.

leparj:


Not interested.
Lost money on Oando.
Offloaded all my Oando at N4.00 plus last year.
Didn't buy any of those shares less than N20.
Got tired of waiting for it to turn around.

so touching but school fees is a must for the market

Mfunkynation:

I use Access, am yet to receive

Have you received your Ucap dividend?

janga:


so touching but school fees is a must for the market

It's painful.
Throwing yr hard earned money away.
I have paid sch fees o.
Major sch fees I paid was on
Oando, Bank PHB, Daar Communication.

YourhealthNG2:

Have you received your Ucap dividend?

Use Access too.
Yet to receive.
Still waiting.

beejay1:
Congrats to those long suffering investors who stuck through with OandO....be glad, as OandO made profit in 2021 Q4.
Hopefully you guys can recouped some of your losses

https://doclib.ngxgroup.com/Financial_NewsDocs/37922_OANDO_PLC-OANDO__Q1-Q4_2021__CORPORATE_ACTIONS_MARCH_2023.pdf

OANDO exited loss in Q4 2021. Wonderful!!
We'll be watching out for 2022 results from here...... let's be hopeful that we won't be disappointed...
Hope those minority shareholders calling for delisting will change their mind and allow investors recoup their losses on the Exchange.

ZENITH
Selling at discount in market @25.25??
Chai!! The kind investors in this stock ehnnn?
If it were to be another stock, it would have opened with full bid....
Hopefully, it will be moving up gradually again.....

DANGCEM
In early gain in market.......
Sighted @290....Up with N14 so far ....

OANDO
Full bid @4.91.......
Na the Oando that didn't even declare any dividend be that.......

GTCO
GT hopefuls also buying in anticipation of a juicy dividend....

BUAFOODS
Crossed KM100 in yesterday's market .......closed @102...

onegentleguy:


The concern around ZENITH BANK' impairment would've been stronger if there were added strain on the banks L&A print, considering how average inflation and benchmark interest rate (particularly in H2, 2022) exacerbated overall CoR and CoF.
Thankfully, that wasn't the case.

The breakdown shows that the group had an approx 144.6% jump in impairment charge on other financial asset and a 1,996.3% surge on that from investment securities.

A core part of that 1,996.3% increase in the latter (impairment charge on InvSec) was the N58.8B booked loss from securities (bonds) issued by the Govt of Ghana... though not a material proportion of overall investment security peg, that impact was more than enough to drive the Ghana subsidiary to a negative NPM despite higher operating income.

Apparently the impact from the sovereign debt crises in Ghana was definitive. Impairment charge was 98% of the total figure the group booked in 2021 and near 47.7% of that in 2022.
...and because Ghana is the groups 2nd biggest earnings contributor in Africa after Nigeria, that impact stoked a drop in overall YoY PAT margin by 41%.
Though it's important to state that there were other contributors to the squeeze in margin.

That said, I expect that actual impairment figures could be lower in the course of time (I foresee some writebacks) considering how the group has successfully exchanged a core of the impaired asset in Ghana for a series of new ones with maturity dates spanning through a 12 yr period.

Overall, the banks performance was a mixed one for me.
Did well in some core banking aspects but underperformed in some others.

The 3.23% improvement in total payout from previous yr guide (ref: N3.2 vs N3.1 in 2021) could be management's deliberate strategy to calm any expected sell off that may have otherwise built-in from the drop in NPM.
Might also be a way of telling us that the banks growth trajectory could be sustained in 2023. (Q1, 2023 Nos will give us a clue though)

On the share price, I think that dividend hunters (div growth investors) might want to hold... perhaps until post ex-dividend.
I expect a drop in price thereafter.
Again, I think Q1 and possibly H1, 2023 Nos will to a large extent determine the share price movement.

We'll see how the mkt react to their report.

With regards to the Ghana bond investments, are the funds lost forever or does the restructuring simply mean investors will get their funds back eventually?

nosa2:


With regards to the Ghana bond investments, are the funds lost forever or does the restructuring simply mean investors will get their funds back eventually?

30% of the principal will be lost forever. This was communicated by the Ghanaian Finance minister as at last year.

If you check the zenith bond investment value in Ghanaian govt securities, it was N202B or thereabout and the impairments on that bond was 58.6B or so. This is approximately 30%.

See an excerpt from it:

ACCRA, Nov 24 (Reuters) - Ghana's government is considering a 30% 'haircut' on foreign bonds, and the suspension of interest rate payments to domestic bondholders in 2023 as part of debt restructuring efforts, deputy finance minister John Kumah said on private radio station JoyFM on Thursday.

The full details of the debt exchange program will be announced by the end of November, he said, noting that there would be no haircut for domestic bonds.

"The foreign will take haircut, that is where the haircut comes in. There, we are negotiating to go into their principal, plus suspension of their interest at NPV (net present value) level. We are negotiating on principal of up to 30%," Kumah said.

He added that restructuring would enable the government to conclude a support deal with the IMF, and "build buffers" to be able to repay bondholders once it emerges from the crisis in a couple of years."

TRANSCORP
@Locodemy where are you?

yMcy56:
TRANSCORP
@Locodemy where are you?

You seem am too

Lucky you - I bought over 100k units in 2014 at N33+ I have simply refused to sell since - what's the point? If it gets beyond N10, I will probably just exit kpatakpata. I just stick with Nigerian companies with sensible corporate governance and US and European markets now.

Well done all. You are doing well!

leparj:


Not interested.
Lost money on Oando.
Offloaded all my Oando at N4.00 plus last year.
Didn't buy any of those shares less than N20.
Got tired of waiting for it to turn around.

I received mine yesterday - I use FBN.

YourhealthNG2:

Have you received your Ucap dividend?

Zagee:
You seem am too

I've been watching it since Monday o.
The guys picking are not on queue at all......just picking from the background.

I just didnt mention it cos of the ridiculous dividend they used to pay.
It's now @N1.50 anyway......

After dividend declaration we'll know what's up........maybe the Northwards journey already commenced or some guys are playing their usual pump & dump game.

Streetinvestor2:
This brokers na them be chairmen for monkey hunting, lol

Now Transcorp shot up to N1.5 today with a breeze of demand nearly x10 of offers. The brokers will recommend it perhaps as a buy when it reaches N2 or 3 Don't blame them, perhaps they need more confidence in the audited results perhaps over a 3 to 5 year period before they can recommend it as a BUY

YourhealthNG2:

Have you received your Ucap dividend?

It will come if you have been receiving before.
You may also check your acct bal. Alert might be delaying to come.

yMcy56:

OANDO exited loss in Q4 2021. Wonderful!!
We'll be watching out for 2022 results from here...... let's be hopeful that we won't be disappointed...
Hope those minority shareholders calling for delisting will change their mind and allow investors recoup their losses on the Exchange.

The company appears to have turned the corner... after transitioning from a loss position of over N141B in 2020 to a positive NPM in Q4, 2021.

The coys 2022 report is yet to be released but there is a bit of optimism in the air that the company's + deviance in Q4, 2021 may have kick-started a turning point of inflection which could trickle down to their 2022 financial print.
...that optimism may have been supported by some of the recent positive development in the oil & gas sector.

With OANDO, you never really know but ...

Might do an article on the company if I can erk out the time.

Access bank had network issues yesterday, I'd advice you check your app for any inflow. Cuz I had a transaction, didn't get any alert until I logged in.

onegentleguy:


The company appears to have turned the corner... after transitioning from a loss position of over N141B in 2020 to a positive NPM in Q4, 2021.

They said majority of that loss came from settling stakeholders. As for their downstream activities, I wonder what they're into though as they have mostly sold out their positions on retail outlets through OVH to NNPC. It'll be nice to have more info on their downstream assests.

leparj:


It's painful.
Throwing yr hard earned money away.
I have paid sch fees o.
Major sch fees I paid was on
Oando, Bank PHB, Daar Communication.

Geofluid PP, intercontinental bank, Oceanic, PHB, staco insurance, japaul oil Darcom are my school fees paid

yMcy56:

I've been watching it since Monday o.
The guys picking are not on queue at all......just picking from the background.

I just didnt mention it cos of the ridiculous dividend they used to pay.
It's now @N1.50 anyway......

After dividend declaration we'll know what's up........maybe the Northwards journey already commenced or some guys are playing their usual pump & dump game.

Turning on my TA on them sha..

Zagee:
Turning on my TA on them sha..

FA on Transcorp is fantastic I think......from my newbie's angle....
Check TA and get back too.

YoungBuffet:


Geofluid PP, intercontinental bank, Oceanic, PHB, staco insurance, japaul oil Darcom are my school fees paid

That Geofluid was very funny. A company that wasn't listed and not under any regulations was collecting people's money in the middle of stock market frenzy 2006/7/8 Lol

nosa2:


With regards to the Ghana bond investments, are the funds lost forever or does the restructuring simply mean investors will get their funds back eventually?

30% of the total figure might have been lost which brought about the already booked N68.8B impairment charge from the Ghana subsidiary in 2022.
This was the mandatory consensus peg btw foreign DMBs and the Ghanaian govt following their talks on restructuring.
The balance of about N126B (70%) in sovereign debt was successfully exchanged for new ones with maturity spanning through a 12 yr period.

Perhaps, the loss could have been more.

As I highlighted in a previous post; I expect ECOBANK and ACCESSCORP to be among the worst hit on the Ghana debt issue.

RabbiDoracle:


30% of the principal will be lost forever. This was communicated by the Ghanaian Finance minister as at last year.

If you check the zenith bond investment value in Ghanaian govt securities, it was N202B or thereabout and the impairments on that bond was 58.6B or so. This is approximately 30%.

See an excerpt from it:

ACCRA, Nov 24 (Reuters) - Ghana's government is considering a 30% 'haircut' on foreign bonds, and the suspension of interest rate payments to domestic bondholders in 2023 as part of debt restructuring efforts, deputy finance minister John Kumah said on private radio station JoyFM on Thursday.

The full details of the debt exchange program will be announced by the end of November, he said, noting that there would be no haircut for domestic bonds.

"The foreign will take haircut, that is where the haircut comes in. There, we are negotiating to go into their principal, plus suspension of their interest at NPV (net present value) level. We are negotiating on principal of up to 30%," Kumah said.

He added that restructuring would enable the government to conclude a support deal with the IMF, and "build buffers" to be able to repay bondholders once it emerges from the crisis in a couple of years."

I intend to start investing in sovereign bonds. Are you knowledgeable about them? Would like to have someone I can pick their brains from time to time

onegentleguy:


30% of the total figure might have been lost which brought about the already booked N68.8B impairment charge from the Ghana subsidiary in 2022.
This was the mandatory consensus peg btw foreign DMBs and the Ghanaian govt following their talks on restructuring.
The balance of about N126B (70%) in sovereign debt was successfully exchanged for new ones with maturity spanning through a 12 yr period.
Perhaps, the loss could have been more.

As I highlighted in a previous post, I expect ECOBANK and ACCESSCORP to be among the worst hit on the Ghana debt issue.

I am beginning to have a rethink about investing in banks shares.
I can't imagine what will be thier fate if what happened in Ghana should happen in Nigeria.

yMcy56:

FA on Transcorp is fantastic I think......from my newbie's angle....
Check TA and get back too.


I'm another news, the 5.5M mountain of offers in ZENITH @26 will likely still be dismantled.,..

Transcorp is certainly in bull territory. The last time we had this spike we hit 2. We can only wait for whatever is driving the market. Jijoist can play around, but me I bought these 100 units for keep sha

we can say the volume is not there, but still, interest persists.

As for Zenith, definitely breaking 26. Expecting 31 on a monthly high. How soon? I leave it to the market.

Laso09:



I am beginning to have a rethink about investing in banks shares.
I can't imagine what will be thier fate if what happened in Ghana should happen in Nigeria.

This things happen my dear, so nothing to fret about.
...they are a part of the risk factors that can impact the life circle of an asset/company and oftentimes even unexpectedly.
Though it followed a defined pattern, no one expected the debt crisis in Ghana to escalate to these levels.

That said, it isn't much of a problem.
It's largely a one-off kind of situation and NOTHING that ZENITH BANK can not handle!

This sought of event can present an opportunity for discerning investors.
Opportunities might turn up in some banks in the course of time.
Our duty is to be ready so we can tap from them when they come.

onegentleguy:


This things happen my dear, so nothing to fret about.
...they are a part of the risk factors that can impact the life circle of an asset/company and oftentimes even unexpectedly.
Though it followed a defined pattern, no one expected the debt crisis in Ghana to escalate to these levels.

That said, it isn't a problem.
It's largely a one-off kind of situation and NOTHING that ZENITH BANK can not handle!

This sought of things only present a opportunity for descending investors.
Opportunities might turn up in some banks in the course of time.
Our duty is to be ready so as tap from them whey they come.

That's it!!

onegentleguy:


This things happen my dear, so nothing to fret about.
...they are a part of the risk factors that can impact the life circle of an asset/company and oftentimes even unexpectedly.
Though it followed a defined pattern, no one expected the debt crisis in Ghana to escalate to these levels.

That said, it isn't a problem.
It's largely a one-off kind of situation and NOTHING that ZENITH BANK can not handle!

This sought of things only present a opportunity for descerning investors.
Opportunities might turn up in some banks in the course of time.
Our duty is to be ready so we can tap from them whey they come.

Yes, it will be a one-off thing and will definitely present great opportunity for new buyers.
However for those that might have already invested in those stocks before it happens the experience is better imagined.
If there is one thing I have learn from this is that concentrating ones portfolio in a particular sector could be very risky.