₦airaland Forum

SAK:
Is Monday Oct 24?

Payment date for UBA interim dividend is 22nd Oct. Next Tuesday. Not Monday.

MTN did not obey this law when they got newly listedd.

Mpeace:
Aradel will pay some day. You need to be careful with newly listed companies. They often fall after listing until the market fixes their price.

KarlTom:
OandO. +1.32%
ETERNA. ±
ARADEL. -9.99%

Oando's follow-follow, Eterna, shielding it's master from new boy Aradel's cough and catarrh.

zendi:
Oando's follow-follow, Eterna, shielding it's master from new boy Aradel's cough and catarrh.

This fixation on Oando is very interesting.

Are you guys here to make money or to tell stories

You should understand the feeling that comes with gaining up to 800% from a single stock in a couple of months...

nosa2:
This fixation on Oando is very interesting.

Are you guys here to make money or to tell stories

I just dey watch like Agba dollars for now

nosa2:
This fixation on Oando is very interesting.

Are you guys here to make money or to tell stories

Aradel will go down further and Oando will start appreciating. There's future with Oando.

nosa2:
This fixation on Oando is very interesting.

Are you guys here to make money or to tell stories

We're here to make money.

So which other stock has made people more money in recent days than Oando?

The "fixation" is well earned.

And another one

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/101824-chevron-nnpc-make-niger-delta-oil-find

KarlTom:
Another asset for NNPCL.

https://punchng.com/nigeria-to-boost-oil-production-with-fpso-project-lokpobiri/

zendi:
We're here to make money.

So which other stock has made people more money in recent days than Oando?

The "fixation" is well earned.

Our job right now is to find the next oando before it does an oando

KarlTom:


You should understand the feeling that comes with gaining up to 800% from a single stock in a couple of months...

I do, but it is not likely to do same any time soon.

nosa2:
Our job right now is to find the next oando before it does an oando

Watch out for International Breweries and Unity Bamk. Those are the stocks that can do "an Oando" when they rebound after their restructuring/turnaround but I don't know when. So only those who have the capacity to invest and wait would enjoy the loot.
IB can do 500%-1000% easily
after their restructuring

mikeapollo:
Watch out for International Breweries and Unity Bamk. Those are the stocks that can do "an Oando1" when they rebound after their restructuring/turnaround but I don't know when. So only those who have the capacity to invest and wait would enjoy the loot

Unity bank? ..... Mtcheew

mikeapollo:
Watch out for International Breweries and Unity Bamk. Those are the stocks that can do "an Oando1" when they rebound after their restructuring/turnaround but I don't know when. So only those who have the capacity to invest and wait would enjoy the loot

Unity Bank will likely have similar treatment as ARADEL is having now upon re-entry. You saw LASACO?

nosa2:
Our job right now is to find the next oando before it does an oando

That will be a hard one.i only see it possible in new listing maybe from dangota refinery and subsidiaries.Or any big company out thr coming to list.My oga 800% na different level in a short period. To see 200 % in a year in this present nse will require miracle

Streetinvestor2:
That will be a hard one.i only see it possible in new listing maybe from dangota refinery and subsidiaries.Or any big company out thr coming to list.My oga 800% na different level in a short period. To see 200 % in a year in this present nse will require miracle

Sure, Dangote Refinery will have massive patronage when it lists. Coming from NASD where people already have massive holdings prevented ARADEL from giving us that magic but I believe it will yield bigly when this initial dust settles.

Streetinvestor2:
That will be a hard one.i only see it possible in new listing maybe from dangota refinery and subsidiaries.Or any big company out thr coming to list.My oga 800% na different level in a short period. To see 200 % in a year in this present nse will require miracle

I see it happening in the banking sector

GeeKudi:
Sure, Dangote Refinery will have massive patronage when it lists. Coming from NASD where people already have massive holdings prevented ARADEL from giving us that magic but I believe it will yield bigly when this initial dust settles.

Dangote wont leave that of meat on the table

nosa2:
Our job right now is to find the next oando before it does an oando

That is the main koko for this game. I bought RT Biscoe when it was 0.45 and sold around 0.90k had it been I left it till now that's almost 1000% appreciation. That would have been a strong financial gain this year

nosa2:
I see it happening in the banking sector

Sterling Bank is a bank I know will do well in future

Whatever they did to transpower to make it rise I say kudos.
Na only am be dey red for my portfolio

nosa2:
This fixation on Oando is very interesting.

Are you guys here to make money or to tell stories

Don't you like stories that make you money 😏

nosa2:
I see it happening in the banking sector

I join my faith with your own because it will favour me too

Utalinmou:
Sterling Bank is a bank I know will do well in future

Any reason for this?

FBNH Appoints Adebowale Oyedeji as New GMD

FBN Holdings Plc, has announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This pivotal appointment is subject to the approval of the Central Bank of Nigeria (CBN) and will require ratification by the shareholders during the upcoming Annual General Meeting.

designking:
FBNH Appoints Adebowale Oyedeji as New GMD

FBN Holdings Plc, has announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This pivotal appointment is subject to the approval of the Central Bank of Nigeria (CBN) and will require ratification by the shareholders during the upcoming Annual General Meeting.

Otedola seems to be winning ooooo... Congratulations to my direct boss while I was in the service of FBN

megawealth01:
Any reason for this?

The core banking app they switched to is developed by their tech team here in Nigeria they won't be paying subscription which runs in billions, they said they will be selling to local companies too they have so many innovative products like the I-invest they co-owned there have been structural changes too in the organization, their alt bank which is like jaiz is still there.
I don't know why they have not been making much profit too, they have potential

Utalinmou:
The core banking app they switched to is developed by their tech team here in Nigeria they won't be paying subscription which runs in billions, they said they will be selling to local companies too they have so many innovative products like the I-invest they co-owned there have been structural changes too in the organization, their alt bank which is like jaiz is still there.
I don't know why they have not been making much profit too, they have potential

It's that theory dividend thing that is a kind of discouraging to me from having a unit there

megawealth01:
It's that theory dividend thing that is a kind of discouraging to me from having a unit there

I just hope they will start living up to expectation

designking:
FBNH Appoints Adebowale Oyedeji as New GMD

FBN Holdings Plc, has announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This pivotal appointment is subject to the approval of the Central Bank of Nigeria (CBN) and will require ratification by the shareholders during the upcoming Annual General Meeting.

Hmmn, why always yoruba at the helm of affairs of first bank despite the fact that they have been performing poorly with that tribe at the helm of affairs of the bank? I think it's time I close my account and sell of my holdings there.

mikeapollo:
Watch out for International Breweries and Unity Bamk. Those are the stocks that can do "an Oando" when they rebound after their restructuring/turnaround but I don't know when. So only those who have the capacity to invest and wait would enjoy the loot.
IB can do 500%-1000% easily
after their restructuring

Please o. For those that perceive my post anyway other than what it is- just a humble personal opinion, make una no vex o. Countering a position or an idea is not to be perceived as an attack on your person. I welcome counter opinions to my post.

So here goes:

First of all let's define what it means to do an Oando in terms of SP appreciation.
Oando's closing price on the 2nd of May 2024 was N9.00 and it went on to reach N95.5 on 10th September 2024.
That was a 961% rise over a period of 4 months and a bit. A c.540% appreciation for the period July to September.

In my humble opinion, neither Unity bank nor International Breweries can do that. If they were to give that kind of Oando-like yield as described above, a 2008-like event will be required in which case it wouldn't matter if it was the aforementioned stocks or not. It would be a "Point-and-Kill" situation. Roll the dial and pick the stock where it lands. Even Omooloriredade-OIL (that newly registered with CAC and is still looking for office space) will deliver 1000% SP appreciation on the NGX.

Secondly, let's look at the restructuring you are refering to in both stocks:

Unity Bank - In its history has never been in the top 5 banks in Nigeria. They have hit ground zero (actually 6 feet under) and are being revived in ICU by the CBN. The restructuring is meant to recapitalise the bank and essentially save it from going under. One other thing to consider about banks is that there is hierarchy which is determined by market share, profitability and quality of management (among others). Unity is at the very bottom in each of these yardsticks. An Oando-like SP appreciation is virtually impossible except in the scenerio mentioned above in which case, it becomes a moot point.
Now Unity bank last traded at N1.50. Without a share consolidation, you are suggesting the bank will trade at N15 in few months because of a restructuring? Would it be from capturing a staggering market share or experiencing astronomical earnings growth?? If shares are consolidated and it trades at N15, I hope you understand that is not an appreciation For now, I'm pretending the scale will be tipped in favour of legacy Unity bank shareholders post merger with Providus bank. <Yinmu!!>

Internation Breweries - Historically, going back 5yrs, the highest the stock traded was N9.50. It is currently trading at N4.33, has experienced dilution and has just concluded a Rights Issue (6 for every share held previously). The raise is meant to recapitalise the company so they can stem the tide of loses they have been suffering in recent years, deleverage the company and put them in a position to favourably/profitably COMPETE with their peers in the industry. The brewery market is a stiff competition between Guinness, NB, IB, Champion et al. There is little margin for poor marketing, operational inefficiency, inadequate or poor diversity in consumer products and poor distribution channels. Get anyone of these wrong and you find yourself on the back foot struggling to protect your margins.

Before the RI, IB had #26.9B (50k) shares issued and fully paid. They converted them to 2k nominal shares just before the RI (I'm a bit surprised the SP wasn't adjusted on the exchange tbh but I guess it's because the RI was priced at N3.65 for 2k shares anyway). Let's use SP of N4.33, MCAP was N116B before the Rights issue. RI was #161B extra (2k) shares at N3.65 raising cool N588B which is set to turn around the fortunes of the company but at unprecedented destruction of the share capital structure. They now have #188B shares of 2k each issued and fully paid. Point to note though, shares are 2k denominated not 50k so at some stage, a mega consolidation may be required. Back to my MCAP calculation, post RI, IB has an MCAP of N814B.
Without a share consolidation, you are suggesting IB can trade at N43 (N8.1T MCAP)? How? Also, if they consolidate say 2k to 50k nominal shares like most stocks on the NGX, OS reduces to #7.5B while SP moves from N4.33 to N108.25. I hope you understand that is not an SP appreciation

Hey! I am not suggesting money can't be made from investing in both stocks but an Oando-like SP appreciation in the foreseeable future is wishful thinking.

Key ingredients for an Oando-like type SP appreciation. The list is not exhaustive but here are a few I can think of:

* Sector with untapped opportunities
* Favourable government policies
* Imbalance of market demand and available supply
* Established Industry margins
* Huge disparity in peer comparisons
* First mover advantage in a promising sector
* Unprecedented discovery of an opportunity or resource or technology.
* Historical considerations of trading and market share if company has been in the doldrums for a long period and the market opportunity still exists.

Disclaimer - Humble opinion only and not to be taken as financial advice. I have been wrong many times in the past so however we place our bets, I can only hope our dreams come true.

The post long sha. Chai!