₦airaland Forum

DonFreshmoney:
Being cashing out on Dangote cement for more than 12 years. Over 700k Dividend dropped.

needing to ask.. am a newbie.. would they pay you this 700k 4times this year?

Emeka1441:
needing to ask.. am a newbie.. would they pay you this 700k 4times this year?

Ajuju ndi Abagana

Mpeace:
With seplat deal almost done, something tells me Oando's deal will soon be completed. The way Tinubu intervened to make this deal go through is the same way he might try to ensure Oando's.
He says he wants to increase crude oil output by all means possible.

Those who may be interested in Oando shares should take note of the following:
a. Production volume in 2022 was about 26,000 boepd.
b. Production volume in 2024 is currently about 40,000 boepd (i.e. 50% higher than 2022). This is projected to reach 50,000boepd by close of 2024 and early 2025.
c. Consider the increase in volume and dollar rate between 2022 and 2024, and the potential impact on 2024 turnover and profits.
d. 2024 revenues and receivables are mostly in USD, so there will be little or no exchange losses
e. 2023 is already past; the audited results is likely to be a loss, as stated in the 2022 audited accounts.
f. 2024 would likely see a big jump in profits due to higher production volumes and mostly $ denominated revenues.

Bottom Line:
Oando may be a big gamble for now, so be guided and be cautious!
However, if the coast clears after the court ruling on June 24 and Oando does not delist, some guys would cash out big time!
Weigh your options and take a dive!

mikeapollo:
Those who may be interested in Oando shares should take note of the following:
a. Production volume in 2022 was about 26,000 boepd.
b. Production volume in 2024 is currently about 40,000 boepd (i.e. 50% higher than 2022). This is projected to reach 50,000boepd by close of 2024 and early 2025.
c. Consider the increase in volume and dollar rate between 2022 and 2024, and the potential impact on 2024 turnover and profits.
d. 2024 revenues and receivables are mostly in USD, so there will be little or no exchange losses
e. 2023 is already past; the audited results is likely to be a loss, as stated in the 2022 audited accounts.
f. 2024 would likely see a big jump in profits due to higher production volumes and mostly $ denominated revenues.

Bottom Line:
Oando may be a big gamble for now, so be guided and be cautious!
However, if the coast clears after the court ruling on June 24 and Oando does not delist, some guys would cash out big time!
Weigh your options and take a dive!

How bad is their case? This has tarried too long.

Just thinking out loud

** How come SovrenIns is trading below Veritas when they are paying dividend & Veritas is not


*** I am not BUYING any!

DD as alwayZ.

DangCem is a goal

NapoleonHill:
How bad is their case? This has tarried too long.

As bad as betnaija for now until after the court case

Bros, unless I am reading this wrongly, June 24 court case, does not really do much to bring this issue to a reasonable conclusion, asides from allowing certain shareholders be joined to the petition. See below extract from Oando notification:

"The adjournment to June 24, 2024, is for the Court to rule on the pending applications
brought before it by certain shareholders seeking to be joined to the Petition and
challenging the Court’s order dated June 7, 2022, which among other orders, directed
the Company to file its Scheme of Arrangement document (the “Scheme Document”)
with the Securities and Exchange Commission (SEC) and the NGX within 30 days. "

Lawyers in the house, any opinion?

mikeapollo:
Those who may be interested in Oando shares should take note of the following:
a. Production volume in 2022 was about 26,000 boepd.
b. Production volume in 2024 is currently about 40,000 boepd (i.e. 50% higher than 2022). This is projected to reach 50,000boepd by close of 2024 and early 2025.
c. Consider the increase in volume and dollar rate between 2022 and 2024, and the potential impact on 2024 turnover and profits.
d. 2024 revenues and receivables are mostly in USD, so there will be little or no exchange losses
e. 2023 is already past; the audited results is likely to be a loss, as stated in the 2022 audited accounts.
f. 2024 would likely see a big jump in profits due to higher production volumes and mostly $ denominated revenues.

Bottom Line:
Oando may be a big gamble for now, so be guided and be cautious!
However, if the coast clears after the court ruling on June 24 and Oando does not delist, some guys would cash out big time!
Weigh your options and take a dive!

W0t0w0toman:
Ajuju ndi Abagana

i didnt even qoute you.. or ask you.. prolly someones dad behaving immature

Picky1:
SEPLAT paid twice o - DIV-24 and DIV-25 (Ok, one is special dividend).
This is very interesting....with another coming on June 14th.
(Modified)

twice!!!!! This is interesting

Emeka1441:
needing to ask.. am a newbie.. would they pay you this 700k 4times this year?

Dangote Cement pays dividend once a year.

Good afternoon, grateful if anyone with previous experience can break the FCMB dividend reinvestment program down in simper terms. Thank you.


"If you proceed with the dividend reinvestment program and use the principal amount to purchase FCMB Group Plc. shares when they are listed later this year, your principal will accrue a total interest rate of 25%.

For clarity on the interest computation on your deposit, please note the following:

Deposit Interest: You will receive a fixed interest rate of 10% from the start date of your investment until the liquidation date
With Shares: You will receive an additional interest of 15% on your deposit from the start date until the liquidation date if you opt to invest in FCMB Group Plc. shares when the offer is opened. Thus, you will earn a total of 25% on your deposit when converted to FCMB Group Plc. shares.
All interest payments are subject to withholding tax or other taxes as prescribed by the laws of the country.

Please note that the additional interest of 15% will only be paid if and when the principal amount is used to purchase the FCMB Group shares."

Exchange rate foe Seplat's next dividend is 1,484.75.

This is higher than the last on. Dividend payment date 14th june.

Mpeace:
Exchange rate foe Seplat's next dividend is 1,484.75.

This is higher than the last on. Dividend payment date 14th june.

Fantastic Result From Oando 2023 AFS
https://doclib.ngxgroup.com/Financial_NewsDocs/41389_OANDO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

Bagwa:
Fantastic Result From Oando 2023 AFS
https://doclib.ngxgroup.com/Financial_NewsDocs/41389_OANDO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

Wow. E be like say the eps done pass the shareprice.

beejay1:
Bros, unless I am reading this wrongly, June 24 court case, does not really do much to bring this issue to a reasonable conclusion, asides from allowing certain shareholders be joined to the petition. See below extract from Oando notification:

"The adjournment to June 24, 2024, is for the Court to rule on the pending applications
brought before it by certain shareholders seeking to be joined to the Petition and
challenging the Court’s order dated June 7, 2022, which among other orders, directed
the Company to file its Scheme of Arrangement document (the “Scheme Document”)
with the Securities and Exchange Commission (SEC) and the NGX within 30 days. "

Lawyers in the house, any opinion?

You may be right, though. I am not very particular about the technicality involved in the case for June 24.
But if the delisting does not take place, Oando may be stocks to watch out for.

Bagwa:
Fantastic Result From Oando 2023 AFS
https://doclib.ngxgroup.com/Financial_NewsDocs/41389_OANDO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

Prophet Utuocha's ''prophecy'' on Oando loading gradually!

Mpeace:
Wow. E be like say the eps done pass the shareprice.

Mpeace:
Exchange rate foe Seplat's next dividend is 1,484.75.

This is higher than the last on. Dividend payment date 14th june.

Got GTCO GDR dividend today. Rate 1,461.16

Chai this GDR dividend has shrunk seriously. I wonder what FPI's that bought the GDR will be thinking Perhaps thinking of changing to FPT's (Foreign Portfolio Traders)

BabsO2:
Got GTCO GDR dividend today. Rate 1,461.16

Chai this GDR dividend has shrunk seriously. I wonder what FPI's that bought the GDR will be thinking Perhaps thinking of changing to FPT's (Foreign Portfolio Traders)

How is that because my dividend is paid in dollars. And when I change na hammer now compared to what I get before

Streetinvestor2:
How is that because my dividend is paid in dollars. And when I change na hammer now compared to what I get before

Hammer wey basket of wetin him dey hammer dey shrink.
However more visible to the FPI

Bagwa:
Fantastic Result From Oando 2023 AFS
https://doclib.ngxgroup.com/Financial_NewsDocs/41389_OANDO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

My bet naija stock. This news is of no importance to minority shareholders. Na the delisting matter be news to minority shareholders.
Wale you must vomit my #20 target anyway

BabsO2:
Hammer wey basket of wetin him dey hammer dey shrink.
However more visible to the FPI

Is the FPI not paid directly in dollars. How is it shrinking

Streetinvestor2:
Is the FPI not paid directly in dollars. How is it shrinking

You're kidding

10 years back a big pot FPI used to collecting + $1,000,000 would have seen it shrinking to $800,000 up to last year and $200,000 this year for the final dividend. Increasing NGN dividend paid, compensated somewhat for devaluation up to last year. But this year nah.

It will probably break #20 naira within the next 2 weeks. However, their Unaudited result has so many things hidden within it. It looks like they made an EPS of #6, but within the report I see many flags that require further explanation.

Streetinvestor2:
My bet naija stock. This news is of no importance to minority shareholders. Na the delisting matter be news to minority shareholders.
Wale you must vomit my #20 target anyway

Very many flags.
Likewise, there are very many positives...

I also think there will be a great resistance to the price increase.

beejay1:
It will probably break #20 naira within the next 2 weeks. However, their Unaudited result has so many things hidden within it. It looks like they made an EPS of #6, but within the report I see many flags that require further explanation.

BabsO2:
You're kidding

10 years back a big pot FPI used to collecting + $1,000,000 would have seen it shrinking to $800,000 up to last year and $200,000 this year for the final dividend. Increasing NGN dividend paid, compensated somewhat for devaluation up to last year. But this year nah.

I don't understand the French you are speaking

So, what happens to Oando if there is another adjournment after the court ruling on June 24th?

It is well.

Mpeace:
Wow. E be like say the eps done pass the shareprice.

Furthermore, our milestone signing of the Sale and Purchase
Agreement with Eni towards the acquisition of 100% of the shares of NAOC Ltd, marked a pivotal
moment for our organization and is poised to unlock substantial synergies in the near future. Our
focus is now on completing the acquisition and seamlessly integrating operations to deliver
exceptional value to our shareholders"
OPERATIONS REVIEW
Upstream:
Production for the twelve months ended 31 December 2023:
FYE 2023 FYE 2022 % Change
https://doclib.ngxgroup.com/Financial_NewsDocs/41393_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MAY_2024.pdf

Bagwa:
Furthermore, our milestone signing of the Sale and Purchase
Agreement with Eni towards the acquisition of 100% of the shares of NAOC Ltd, marked a pivotal
moment for our organization and is poised to unlock substantial synergies in the near future. Our
focus is now on completing the acquisition and seamlessly integrating operations to deliver
exceptional value to our shareholders"
OPERATIONS REVIEW


Upstream:
Production for the twelve months ended 31 December 2023:
FYE 2023 FYE 2022 % Change
https://doclib.ngxgroup.com/Financial_NewsDocs/41393_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MAY_2024.pdf

Medium term destination... N100