₦airaland Forum

Omooloriredade:
#Musings only

If Oando goes ahead to buy the refinery in the Caribbean or anywhere else, it will be a terrible decision in my opinion. They are not exactly known as an exceptional or efficient management yet. Even if they are, it's still a bad business decision at this stage.

The upstream and power segments remain the cashcows management should focus on while growing other business segments. Margins in refinery operations are thin. Dangote might be able to squeeze a slightly higher margin than Aradel refinery because of economies of scale but it still won't be comparable to upstream business. Refinery business is not as profitable as a lot of people imagine it to be.


The segment reporting is simple and clear enough to buttress my point. Aradel is focusing on the upstream and experienced the highest growth and margins in this segment. It is an open secret. 13,751 bbls/day in a $82.3 per barrel market. Take advantage of the stable and high prices now by channelling your resources to the business segment that offers the best returns. Good company. That production figure is ahead of Oando's FYE 23 and Q3 24 results. How? Not good enough on Oando's part.

Oando just needs to ramp up production. No excuses.

oando is one of the most efficient manage company in Nigeria it is just that greed has made people see them the way you see them

SpaceX:
2008 market crash was a turning point for me, I almost lost everything but 16 years down the line I can only smile and appreciate my present billion dollar portfolio. My tactical skills keeps getting better year after year, what a fruitful and joyful journey to where I am now!!!

The nsempa king of comedy is back... round of applause.. mo ngbadun e o jare 🤣🤣🤣

I’m exiting my Seplat Position to port to Aradel and grow my holdings there. Far more upside considering the valuation

Omooloriredade:
I still maintain Aradel is a better buy.

Omooloriredade:
Na so. Poor Veritas.


All in my opinion, I have been wrong right many times in the past. Also, if you hold Veritas or IEI, this is not an "attack" o

Fixed!

essentialone:
For more than 4 months, Afrinvest has kept their website suspended and out of use for their clients. A very useless Stockbroking Firm.

Is Afrinvest also Africa Prudential? if yes, then their app is working. Just delete and re-download the app again

Omooloriredade:
#Musings only

If Oando goes ahead to buy the refinery in the Caribbean or anywhere else, it will be a terrible decision in my opinion. They are not exactly known as an exceptional or efficient management yet. Even if they are, it's still a bad business decision at this stage.

The upstream and power segments remain the cashcows management should focus on while growing other business segments. Margins in refinery operations are thin. Dangote might be able to squeeze a slightly higher margin than Aradel refinery because of economies of scale but it still won't be comparable to upstream business. Refinery business is not as profitable as a lot of people imagine it to be.


The segment reporting is simple and clear enough to buttress my point. Aradel is focusing on the upstream and experienced the highest growth and margins in this segment. It is an open secret. 13,751 bbls/day in a $82.3 per barrel market. Take advantage of the stable and high prices now by channelling your resources to the business segment that offers the best returns. Good company. That production figure is ahead of Oando's FYE 23 and Q3 24 results. How? Not good enough on Oando's part.

Oando just needs to ramp up production. No excuses.

Good observation.
I like this

Deadlytruth:
I my own opinion, a person truly enlightened on investment would not run away from it just because of a temporary bad experience. Come to think of it; is there really any economic endeavour in life that gives profits all the time without losses at some point at all? Nearly all of us oldies here got burnt in 2008 but we didn't run away because we had a truly enlightened objective of coming to the market which was to create sustainable wealth. Most of those who rushed in and rushed out between 2008 and 2009 came with the mindset that stock investment was a kind of lottery but got disappointed when the events of 2098 proved them wrong.

Is even doing a physical business any better? it is not as easy too.
I know how much have lost in farming - maize, groundnut etc, vegetable oil production factory i closed down 2 years ago (mechanical issues and power frustration etc) and so many more.
I just feel more comfortable and relaxed with bonds, treasury bills, mutual funds and stocks.
I can monitor it from anywhere in the world unlike physical biz where managers will be eating your money and doing virtually nothing

Interesting, they made a loss in Q4.
That dividend is super though, N80. I think I will also start slowing exiting my position here too. Revenue/ profit last year was still driven by FX and the subsidy removal. I don’t think they’ll have the same tailwinds again this year

sterlingD:
TOTAL ENERGIES


https://doclib.ngxgroup.com/Financial_NewsDocs/42974_TOTALENERGIES_MARKETING_NIGERIA_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

emmaodet:
Is Afrinvest also Africa Prudential? if yes, then their app is working. Just delete and re-download the app again

It is different.

Check again.
No dividend was proposed

Sunrisepebble:
Interesting, they made a loss in Q4.
That dividend is super though, N80

Sunrisepebble:
Interesting, they made a loss in Q4.
That dividend is super though, N80

I don't think they are declaring any dividends.
Where did you get a dividends of #80? i saw #25/share for FY23

essentialone:
It is different.

Okay

Thank you. Error on my part. I read the EPS line as dividend

KarlTom:
Check again.
No dividend was proposed

Sunrisepebble:
Interesting, they made a loss in Q4.
That dividend is super though, N80. I think I will also start slowing exiting my position here too. Revenue/ profit last year was still driven by FX and the subsidy removal. I don’t think they’ll have the same tailwinds again this year

That is the EPS (N81.94). Dividend would be proposed in a much later date..

TOTAL no declare dividend despite 115% PAT increase y-o-y

That's quite strange 🤔

KarlTom:
TOTAL no declare dividend despite 115% PAT increase y-o-y

That's quite strange 🤔

emmaodet:
I don't think they are declaring any dividends.
Where did you get a dividends of #80? i saw #25/share for FY23

If I am right, Total only released Q4 unaudited result not AFS

You dont knowanything. I will remind you when we start reaping the benefit. If you later come to ganusi, we will shut you out.

olaremint:
If u like' go and be buying oando. The more you look the less you see shares

emmaodet:
Is even doing a physical business any better? it is not as easy too.
I know how much have lost in farming - maize, groundnut etc, vegetable oil production factory i closed down 2 years ago (mechanical issues and power frustration etc) and so many more.
I just feel more comfortable and relaxed with bonds, treasury bills, mutual funds and stocks.
I can monitor it from anywhere in the world unlike physical biz where managers will be eating your money and doing virtually nothing

Same mindset with me. I have an aversion for physical business especially in the Nigerian environment. Since I entered the stock market in 2003 and realized that it is a business which requires only intellectual energy, physical businesses stopped appealing to me.

Total inventory rose to 152b from 74b, that is a 100% and which is 5X of net profit of 27.8b. That is worrisome.
Q4/24 eps shrink to 117k from 616k despite a 16% increase in revenue of 248b from 213.4b.
A meagre net profit of 416m from 248bb revenue - a 0.2% margin compared to 950m from 213b revenue prior year.

Culprits - Inflation

- finance cost of 9.96b from 4.57b prior year
- Admin cost of 19.2b from 15.2b prior year
- Cost of sales rose to 226b to generate 248b compares to 188b to generate 213b revenue prior year.

A 0.2% net margin is not encouraging and means the company may fall into negative any moment. It has no room to absorb shocks or unforeseen circumstances.

Deadlytruth:
Same mindset with me. I have an aversion for physical business especially in the Nigerian environment. Since I entered the stock market in 2003 and realized that it is a business which requires only intellectual energy, physical businesses stopped appealing to me.

Exactly bro

emmaodet:
Total inventory rose to 152b from 74b, that is a 100% and which is 5X of net profit of 27.8b. That is worrisome.
Q4/24 eps shrink to 117k from 616k despite a 16% increase in revenue of 248b from 213.4b.
A meagre net profit of 416m from 248bb revenue - a 0.2% margin compared to 950m from 213b revenue prior year.

Culprits - Inflation

- finance cost of 9.96b from 4.57b prior year
- Admin cost of 19.2b from 15.2b prior year
- Cost of sales rose to 226b to generate 248b compares to 188b to generate 213b revenue prior year.

A 0.2% net margin is not encouraging and means the company may fall into negative any moment. It has no room to absorb shocks or unforeseen circumstances.

Keep it up bro.
Your effort is well appreciated.

Sunrisepebble:
Glad to have picked some at 504 yesterday, although I did not buy all I wanted because I was expecting a weak performance based on their Q3.

What my attention shifts to now is the SPDC acquisition. How is it being funded?

Well, I don't know about the funding.
But they will find a way.

They are now at least exporting by products.

pluto09:
Keep it up bro.
Your effort is well appreciated.

Thanks brotherly

Please check again...

phemmie06:
If I am right, Total only released Q4 unaudited result not AFS

Ding!!!

Here we go!!
Stay updated: http://stockbubbles.com.ng

KarlTom:
Please check again...

emmaodet and Karltom you're absolutely right sirs

phemmie06:
If I am right, Total only released Q4 unaudited result not AFS

Yes it is unaudited

Willie2015:
Interesting days ahead...
GT beating Stanbic...

Stanbic getting back...
The retum of the Mark

They want to make the rights issue attractive

Willie2015:
Stanbic getting back...
The retum of the Mark