₦airaland Forum

zendi:
Oando sits on a huge chunk of OPEC's oil reserve;
Has Africa's most important Top Guy as Godfather;
Is languishing under N200, waiting to make somebody rich.

Oando is the world's greatest baby stock.

Not investment advice.

https://www.thisdaylive.com/index.php/2025/01/27/wale-tinubu-oando-has-over-a-billion-barrels-of-oil-reserves/

robobo:
I beg make dem just hold d tin till late on Friday so that the vexation to dump am go reduce small over the weekend

zendi:
Oando sits on a huge chunk of OPEC's oil reserve;
Has Africa's most important Top Guy as Godfather;
Is languishing under N200, waiting to make somebody rich.

Oando is the world's greatest baby stock.

Not investment advice.

https://www.thisdaylive.com/index.php/2025/01/27/wale-tinubu-oando-has-over-a-billion-barrels-of-oil-reserves/

Sunrisepebble:
Oando is out. A loss in Q4

Sunrisepebble:
Oando is out. A loss in Q4

yMcy56:
OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

chimex38:
Thisday newspaper are really making money..

I hope these adverts also take a page on their hard-copy print as well?
Wale Oooo

mikeapollo:
Is that the final result the year?

Oando actually made a profit of N65b for full year FY2024

Agbalowomeri:
It is very likely that they want to raise funds

mikeapollo:
Is that the final result the year?

Oando actually made a profit of N65b for full year FY2024

yMcy56:
OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Naysayers, make una go thru the pages patiently o.
Make use of your glasses if needs be..
Profit After Tax of N65bn
OANDO fast getting on right track.....😁

yMcy56:
OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Naysayers, make una go thru the pages patiently o.
Make use of your glasses if needs be..
Profit After Tax of N65bn
OANDO fast getting on right track.....😁

Sunrisepebble:
Q4 standalone

SAK:
Yes and EPS of ngn5

Agbalowomeri:
Na only buy you dey buy
You nor dey sell?😂

mikeapollo:
But you know that we all are interested and expecting the actual final result for the year FY2024

Raider76:
FBNH

https://doclib.ngxgroup.com/Financial_NewsDocs/43045_FBN_HOLDINGS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

EPS of N20.40

Sunrisepebble:
Apologies, all my commentary on results so far has been on a quarterly basis

Sunrisepebble:
There's a lot of things I dont understand about the business.
Maybe someone can explain how they're doing revenue of N4trn producing about 25kboepd (as at H1), of which some are pledged as collateral vs Seplat (producing ~50kboepd) doing N1trn. No breakdown of the ginormous cost of sales of N3.8trn

Sunrisepebble:
There's a lot of things I dont understand about the business.
Maybe someone can explain how they're doing revenue of N4trn producing about 25kboepd (as at H1), of which some are pledged as collateral vs Seplat (producing ~50kboepd) doing N1trn. No breakdown of the ginormous cost of sales of N3.8trn

mikeapollo:
They do a lot of trading i. e. buying and selling of crude.
The cost of sale is high because of cost of purchases of crude , which produces a small margin when sold.
Oando actually improved their gross margin in Q4 but the high finance cost of N73b really affected them Once they are able to raise equity capital and settle their biggest loans, the profit will rise higher.

Youngzedd:
Oando

Profit
2023: ~60.3B
2024: ~65.5B

EPS
2023: 5
2024: 5

Administrative expenses
2023: ~261.4B
2024: ~402.7B

Oga Wale.....

Youngzedd:
Ote doing wonders.

FOMO will start tomorrow.

mikeapollo:
They do a lot of trading i. e. buying and selling of crude.
The cost of sale is high because of cost of purchases of crude , which produces a small margin when sold.
Oando actually improved their gross margin in Q4 but the high finance cost of N73b really affected the bottom line. Once they are able to raise equity capital and settle their biggest loans, the profit will rise higher.

Youngzedd:
Ote doing wonders.

FOMO will start tomorrow.

SonofElElyonRet:
But Ote could be stingy with dividend payout..