KayOn1:


Thank you. 🙏

Last time I checked though, there are over 100 stocks to choose from.
Japaul has been in oversold territory for the last 3 weeks running. Not my kind of stock till I hear the exceptional news.

Ok

Bagwa
Tell us wetin dey happen for japaul make we kuku take note

Utalinmou:
Bagwa
Tell us wetin dey happen for japaul make we kuku take note

The volume though..

Oando is a winner in this matter, a very shrewd, connected and savvy company. We're all winners in the emerging scenario!

OBAGADAFFI:


Amidst controversial N140 billion purchase, NNPC halts takeover of OVH

The Nigerian National Petroleum Company Limited (NNPC Ltd) has said it is unable to complete the acquisition of OVH Energy Marketing Limited‘s downstream assets.

The declaration is contained in a letter dated 17 January, addressed to the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and signed by the managing director of NNPC Retail Limited, Huub Stokman.

The letter is titled, ‘Notification of inability to complete OVH Energy Marketing Limited terminal, plants and depot takeover and intent to apply for operating licenses’.

The NNPC Ltd had in its latest financial statements said it paid cash amounting to $325.09 million (N140.559 billion) for the acquisition of Oando-branded retail stations and a reception jetty in Apapa, among other facilities.

However, in its letter, the NNPC Ltd said it has become evident that it cannot complete the merger deal.

The company said it intends to apply for operating licenses for the facilities under OVH Energy Marketing Limited.

“We appreciate the ongoing collaboration and support from the National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in facilitating the acquisition of OVH Energy Marketing Limited.

Background

The NNPC Ltd had in October 2022, announced the acquisition of OVH Energy Marketing Limited’s downstream assets. By this acquisition, OVH Energy would be merged with NNPC Retail, a subsidiary of NNPC Ltd.

The assets acquired from the company, which operates Oando filling stations, also include a reception jetty with 240,000 metric tonnes monthly capacity and eight liquefied petroleum gas plants, three lube blending plants, three aviation depots, and 12 warehouses.

But in June 2023, PREMIUM TIMES’ investigation on the acquisition exposed the secret deals and the complicated ownership structure that left managerial control of NNPC Retail in the hands of OVH Energy Marketing.

The report also exposed how OVH Energy Marketing only had about 94 stations and how over 100 stations were leased.

In addition, the report highlighted how Mr Stokman, an expatriate and former Chief Executive Officer of OVH Energy, emerged as the new Managing Director of NNPC Retail, a development that further compounded the structure of NNPC Retail.

Utalinmou:
Bagwa
Tell us wetin dey happen for japaul make we kuku take note

Time will tell very very soon

OBAGADAFFI:


I would rather buy Dangote fertilizer and refinery, than NNPC.

NNPCL is filled with redflag.

Will still appreciate even if for reasons of sentiment

Hogwarthtrades:


try this page https://www.cognitoforms.com/DataMaxGroup1/ShareholdersEcontactUpdateForm

check your brokerage account statement or report to see what your CHN number is.. As for shareholder number, you can leave it blank.

It worked perfectly. Thanks

Bagwa:
Time will tell very very soon

Whether Japaul goes to N1 in the short term doesn't move me... I'm in it for its potentials... willing to wait ... if all turns out right I'll be mining gold from Japaul shares... it's worth the risk when the potentials are huge... not financial advice

SonofElElyonRet:


Whether Japaul goes to N1 in the short term doesn't move me... I'm in it for its potentials... willing to wait ... if all turns out right I'll be mining gold from Japaul shares... it's worth the risk when the potentials are huge... not financial advice

Oando faithfuls no dey ever gree even for other stocks

megawealth01:


Oando faithfuls no dey ever gree even for other stocks

..I get oando too ooo

Wow

Streetinvestor2:
J Berger nice q1 results. Eps of #6 plus in just a quarter. I was wondering why it was going north

Foreign Xchange gains...
With disposal of PPE ...
account for the increase...

Today's Top Volume Trades

megawealth01:
Today's Top Volume Trades

Witth all the profit of gtb, ppl no dey rush the stock like that. Why naa?

Mpeace:
Witth all the profit of gtb, ppl no dey rush the stock like that. Why naa?

Looks like money no too dey. Or people are risk averse and would settle for bonds instead of stocks. Or people are worried of the economy. Or investors want to be sure numbers are steadily improving and not one-off good results trap.

I think the CBN needs to thread slowly with this recapitalization while the government creates more conducive environment for businesses that exploit comparative advantages like oil palm, rice growing, gas production and distribution, power generation and distribution etc.

BabsO2:


Looks like money no too dey. Or people are risk averse and would settle for bonds instead of stocks. Or people are worried of the economy. Or investors want to be sure numbers are steadily improving and not one-off good results trap.

I think the CBN needs to thread slowly with this recapitalization while the government creates more conducive environment for businesses that exploit comparative advantages like oil palm, rice growing, gas production and distribution, power generation and distribution etc.

But Access and UBA got more attention despite the economy and despite the factvthat they had far less profit.

Like play like play, we're not hearing anything about the proposed takeover of Unity Bank.
I wish another news will drop so I can JiJo like last time...

megawealth01:
Today's Top Volume Trades

This question is deep...

Mpeace:
Witth all the profit of gtb, ppl no dey rush the stock like that. Why naa?

KarlTom:
This question is deep...

Juxtapose the GTB effect with Japaul that has also been churning out massive profits too from the back then you will know why " I " want to hear the Japaul l exceptional news first.

Incase you're wondering why OandO is rising like dough with excess yeast, the ENI deal is set to be consumated this quarter according to Mr A. Irune Oando’s Chief Operating Officer...

KarlTom:
I'm not a fan of lenghty reports but I will try and summarize.

Let me refer you to page 12 of the Annual Report, you'll find this paragraph:

"OML 56, OML 13 and OML 60-63 are currently the crude oil and
gas producing assets while Oando PLC engages in supply and
trading of crude, refined and unrefined petroleum products.
These entities account for 100% of Group revenue recognized
being N1,994 billion for the year ended 31 December 2022 (2021:
N804.8 billion)."

That's a revenue increase of 148%

Recall that in September, 2023, OandO Energy Resources (OER) bought 100% of ENI's interest in Nigeria Agip Oil Company.
This transaction does several things:
1. It DOUBLES OER stake in OML 60-63 (formerly 20%, now 40%). OML 60-63 are the few OER assets that are currently in PRODUCTION stage.
2. Oando’s total reserves (based on 2021 reserves estimates) stand at 503.3MMboe and the transaction will deliver a 98% increase.
3. It grows Oando’s exploration asset portfolio through the acquisition of a 90% interest in OPL 282 and 48% interest in OPL 135.

I strongly believe that 2023 FY will be better...

Actually GTCO has a long and enviable track record while Japaul doesn't.
Likewise, GTCO has a definite and realistic target(s) while Japaul has proposals and projections plus hopeville prayers.

I personally believe that GTCO doesn't look 'attractive' compared to other FUGAZ because the 'key men' don't have strong affiliation with the powers that be...

KayOn1:


Juxtapose the GTB effect with Japaul that has also been churning out massive profits too from the back then you will know why " I " want to hear the Japaul l exceptional news first.

https://nairametrics.com/2024/05/06/why-telecoms-tariff-in-nigeria-has-to-go-up-bismarck-rewane/

The issue is not even the tarrif increase at this point, because that's very likely in the pipeline, rather it should be how to restore investors' confidence in Nigerian telecoms sector. All this NCC "Oga-ism" is only shouting at investors: the government has this sector in its grip, just like most other sectors. One of the few sectors that is doing well, contributing over 15% of GDP is now reporting a 70% drop in FDI in 2023. What we need is a system that reviews tarrifs periodically, in a cost-reflective manner having representation/inputs from consumers, operators, regulators and government.

Please has anyone received zenith bank dividend?The payment date was today but I have not seen mine

Willie2015:


Foreign Xchange gains...
With disposal of PPE ...
account for the increase...

Disposal of what.pls explain. And how did they get forex gain for a construction company fully now owned by Nigerians

debostar:
Please has anyone received zenith bank dividend?The payment date was today but I have not seen mine

Zenith is Tomorrow and not today

[quote author=debostar post=129838599]Please has anyone received zenith bank dividend?The payment date was today but I have not seen mine[/quote

Payment date is 8th of May, which is tomorrow.

Thanks so much. I am just fretting for nothing

Mpeace:
But Access and UBA got more attention despite the economy and despite the factvthat they had far less profit.

ACCESS is the cheapest of them all...

Please has anyone received TRANSCORP POWER dividend? Payment date supposed to be today 7th.

Mpeace:
But Access and UBA got more attention despite the economy and despite the factvthat they had far less profit.

Access maybe it's because it's the cheapest amongst the FUGAZ and UBA because of dividend

Ginalex:
Access maybe it's because it's the cheapest amongst the FUGAZ and UBA because of dividend

I think investors are looking at it from the view that it will catch up with UBA soon

megawealth01:


I think investors are looking at it from the view that it will catch up with UBA soon

Actually that's why I even bought it... but Access has been so scared to cross #18