₦airaland Forum

Mr Mordi confirmed the sale of FFB @₦200k per ton...

ositadima1:
I’m speaking from a neutral standpoint here — neither in support nor against. A zero cost of sales is entirely possible. If you look at their financials again, you'll see they haven't sold any physical goods — no seedlings, no palm fruits — contrary to some claims that they’ve started selling farm produce. This suggests there was likely no initial investment in what’s generating revenue.

There are several ways a farm can generate revenue without incurring a direct cost of sales, such as:

Agricultural consulting services

Land leasing or rentals

Farm equipment leasing or rentals

Agricultural training

Brokerage or matchmaking services in agriculture

While none of these may be their main source of income, they also never claimed to be selling goods produced on the farm, yet. So yes, it is very possible. Let's be arguing with sense!

Payunsin:
I bought Oando at N5.71 sold n sold it close to N90 accumulated at around N38 again

Walahi you hammer. I wish I did that firs trip but no wahala.I know say wale will definitely still push it higher. After q1 you go see #70 and above

megawealth01:
All Oando haters are quiet

They must have made some to panic sell...
In fact, they don make one big oga here sell in panic due to their paralysis..

How can you be quick to point out Auditors report on last page and neglect the Profit made in 2nd or third page?

Why aren't they fair in their judgement by pointing out both sides?

Going thru the press release, though I never read all, Wale is optimistic that from 2025 we'll be seeing much more improvement....

What if the auditors are playing script with those reports?
Nestle, MTNN were also in massive losses but came out of it unexpectedly..... Is it just less than a year of stability in FX that made all to disappear like that?

yMcy56:
They must have made some to panic sell...
In fact, they don make one big oga here sell in panic due to their paralysis..

How can you be quick to point out Auditors report on last page and neglect the Profit made in 2nd or third page?

Why aren't they fair in their judgement by pointing out both sides?

Going thru the press release, though I never read all, Wale is optimistic that from 2025 we'll be seeing much more improvement....

I hope nobi the guy with M moniker oh

Streetinvestor2:
Loco I pray you see #3.50 for ellahlakes today oh.The opening is not looking encouraging oh.I was expecting 10% then gradually dropping

I don drop 500k at 10%.
The remaining 1.5 dey Gods hand.
Make this Jijo no come hang me for throat today.

Payunsin:
I bought Oando at N5.71 sold n sold it close to N90 accumulated at around N38 again

You did well, Boss. Some people are just jokers — here to catch cruise on an empty stomach — while others are doing fundamental analysis and growing slowly.

Meanwhile, some took bold chances early on and made their money while they were still young. Now it’s time to invest wisely in safe assets and enjoy life with your family. I no call names ooo.

bastardson:
Someone just bought over 14.5 million units of GTB

Not up to a billion
Na chicken feed for the cowboys operating in that axis Lol

Meanwhile, LASACO is sighted @3.30 in market.....
All the way from circa N2...

yMcy56:
They must have made some to panic sell...
In fact, they don make one big oga here sell in panic due to their paralysis..

How can you be quick to point out Auditors report on last page and neglect the Profit made in 2nd or third page?

Why aren't they fair in their judgement by pointing out both sides?

Going thru the press release, though I never read all, Wale is optimistic that from 2025 we'll be seeing much more improvement....

What if the auditors are playing script with those reports?
Nestle, MTNN were also in massive losses but came out of it.

The optimism na sure banker.The production range of 30-40.I have decided to pick 35.Then the call to improve security,efficiency and reduction in cost of production. Then increase target in the trading arm..I just want to see q1 2025 results for proper direction for 2025

yMcy56:
They must have made some to panic sell...
In fact, they don make one big oga here sell in panic due to their paralysis..

How can you be quick to point out Auditors report on last page and neglect the Profit made in 2nd or third page?

Why aren't they fair in their judgement by pointing out both sides?

Going thru the press release, though I never read all, Wale is optimistic that from 2025 we'll be seeing much more improvement....

What if the auditors are playing script with those reports?
Nestle, MTNN were also in massive losses but came out of it unexpectedly..... Is it just less than a year of stability in FX that made all to disappear like that?

Oando PLC released its audited results for the year ended December 31, 2024, highlighting a transformative year driven by the acquisition and integration of Nigerian Agip Oil Company (NAOC).

Key Financial and Operational Highlights (Full-Year 2024):

Revenue: Increased by 44% to ₦4.1 trillion, up from ₦2.9 trillion in 2023. This growth was primarily due to higher upstream output and foreign exchange gains.

Profit After Tax (PAT): Rose by 267% to ₦220 billion, compared to ₦60 billion in 2023. This was driven by the intrinsic value of the NAOC acquisition and a gain on bargain purchase.

Capital Expenditure (Capex): Totaled ₦19 billion, a 58% decrease from ₦45 billion in 2023, reflecting a focus on completing the NAOC acquisition. Development activity is expected to increase in 2025.

Production: Achieved an average daily production of 23,727 barrels of oil equivalent per day (boepd), a 3% increase from 2023. This was supported by the NAOC contribution and stabilization of legacy assets. Crude oil production specifically rose by 22% to 7,558 bopd.

2P Reserves: Grew by 95% year-on-year to 983 million barrels of oil equivalent (MMboe) from 505 MMboe in 2023, primarily due to the NAOC acquisition.


Impact of NAOC Acquisition:
The acquisition of 100% of Nigerian Agip Oil Company (NAOC) for $754 million (excluding other associated costs) was completed on August 22, 2024. This acquisition significantly deepened Oando's upstream portfolio by:

Increasing Oando's net working interest in OMLs 60-63 from 20% to 40%.

Doubling 2P reserves from 500 million barrels of oil equivalent to 1 billion barrels (specifically 983 MMboe at year-end 2024).

Assuming operatorship of the OML 60-63 series.

Expanding the operating footprint to include 40 discovered fields (24 currently producing), approximately 40 additional prospects, over 1,250 km of pipelines, multiple flow stations, three gas processing plants, a major export terminal, and two power plants with a combined capacity of 1 GW.
Enabling greater control over associated gas infrastructure, positioning Oando to deepen its role in Nigeria's domestic gas supply and LNG value chains.

Segment Performance:
Upstream Exploration and Production: Average daily production increased, with crude oil production rising significantly. The company sustained an operational uptime of 86% and achieved a 92% reduction in routine gas flaring since 2007.

Trading: Traded volumes of crude oil decreased by 37% to 20.7 million barrels, and refined product volumes declined by 64% to 599 thousand metric tons. This was attributed to structural changes in the Nigerian oil market, shifts in NNPC's crude allocation, and macroeconomic headwinds in Nigeria affecting domestic demand. Oando participated in NNPC's Project Gazelle through a $550 million crude prepayment.


Clean Energy: The electric mass transit program transported over 205,000 passengers, avoiding more than 163,500 kg of CO2 emissions. Progress was made on geothermal power development, wind projects (275MW), and a 1.2 GW solar module assembly plant.

Mining and Infrastructure: Oando Mining acquired five new lithium exploration licenses and completed the Environmental and Social Impact Assessment (ESIA) for Nigeria's first commercial-scale bitumen mine.

Financial Position:

Total Assets: Increased by 140% to ₦6.4 trillion (2023: ₦2.7 trillion), primarily due to the consolidation of assets from the NAOC acquisition.

Total Liabilities: Increased to ₦6.8 trillion (2023: ₦2.9 trillion), reflecting acquisition-related debt, vendor payables, and statutory obligations.

Cash and Cash Equivalents: Rose to ₦221.8 billion (2023: ₦73.3 billion).
Net Finance Costs: Increased by 63% to ₦188.6 billion due to foreign exchange revaluation and interest on new borrowings for the NAOC acquisition.

Outlook for 2025:
Oando plans to focus on post-acquisition optimization and accelerated value delivery across upstream assets. Key priorities include:

Unlocking synergies from the NAOC acquisition.
Addressing security risks to curb oil theft.
Cost optimization, targeting a 20% reduction in overall costs.

Balance sheet restructuring.
Targeting a full-year average production of 30,000-40,000 boepd.

Launching 50 new electric buses to support clean mobility objectives.

Concluding partner engagement for the Bitumen Project to enter the feasibility phase.
Exploring transitioning one or more lithium licenses into small-scale production and broadening its mining portfolio to include tin and gold.

Governance and Shareholder Distribution:
In 2024, Oando refreshed its Board of Directors with the appointment of a Non-Executive Chairman and Independent Non-Executive Directors to strengthen governance and investor alignment. The Board also approved the phased distribution of 1.28 billion ordinary shares to shareholders, to be distributed in two tranches in 2025.

Copied...

yMcy56:
They must have made some to panic sell...
In fact, they don make one big oga here sell in panic due to their paralysis..

How can you be quick to point out Auditors report on last page and neglect the Profit made in 2nd or third page?

Why aren't they fair in their judgement by pointing out both sides?

Going thru the press release, though I never read all, Wale is optimistic that from 2025 we'll be seeing much more improvement....

What if the auditors are playing script with those reports?
Nestle, MTNN were also in massive losses but came out of it unexpectedly..... Is it just less than a year of stability in FX that made all to disappear like that?

It's a pity that some persons allow talks here affect them. Life is primarily knowing that emotions come and go. Some comments here are just laughable which shouldn't affect your portfolio

yMcy56:
Meanwhile, LASACO is sighted @3.30 in market.....
All the way from circa N2...

👍

Streetinvestor2:
The optimism na sure banker.The production range of 30-40.I have decided to pick 35.Then the call to improve security,efficiency and reduction in cost of production. Then increase target in the trading arm..I just want to see q1 2025 results for proper direction for 2025

I think it was noted here last week that only the small retailers are selling, that the big guys are not selling...
Incorporation of AGIP financials was also mentioned.
From the look of things, 2025 may be the game changer.......but make we dey watch as e dey go.....
Over +400% PAT no be moin moin...

*Caveat: Treat this as just my opinion*
Mcy no be insider or relative of Wale, although I for like make I be close relative, so I go dey follow Wale chop under the finance costs ...😁

I don’t buy illiquid stocks. I have only Wapco in that sector

Xidget:
Pls what's your take on Buacement

Another window to clarify your doubts.

megawealth01:
All Oando haters are quiet

Prophetutuocha gave the hint, but was not taken too seriously, as usual.
Yet he keeps getting it right with Oando.
My problem with him is that most times he speaks in too much parables and leaves one confused

mikeapollo:
Prophetutuocha gave the hint, but was not taken too seriously, as usual.
Yet he keeps getting it right with Oando.
My problem with him is that most times he speaks in too much parables and leaves one confused

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Again, I’m not holding brief for the company—they could be fraudulent for all I care—but it’s possible. Kind of like buyers showing up to purchase FFB right at the farm gate.

emmanuelewumi:
They don't understand the meaning of cost of sale

USA2019:
Again, I’m not holding brief for the company—they could be fraudulent for all I care—but it’s possible. Kind of like buyers showing up to purchase FFB right at the farm gate.

Which will give a gross margin of 100%

Yeah. They still recorded some losses—so the issue might be with their cost allocation. I’m just playing devil’s advocate here.

emmanuelewumi:
Which will give a gross margin of 100%

USA2019:
Yeah. They still recorded some losses—so the issue might be with their cost allocation. I’m just playing devil’s advocate here.

They’re asking a funny question. Gross margin is a function of revenue and cost of sales — so if the cost of sales is assumed to be zero, then the gross margin would be 100%. (lol, cost of sale is infinitesimally close to zero (not exactly zero), kind of like an asymptote — remember that from further math )

Then, there are also operating expenses, which are clearly stated in their financials. These are different from cost of sales and are actually what led to the losses.

Agbalowomeri:
Na inside potopoto pigs dey chop so no cost

lol, they wanna make money always 🤣. Nestle expanding it moat and pricing power, now inflation is killing it foreign competitors, transnational Corporation is trading at forward p.e around 5 people they look . People following ellah lake, hmm all investors fund dey submerged.

yMcy56:
They must have made some to panic sell...
In fact, they don make one big oga here sell in panic due to their paralysis..

How can you be quick to point out Auditors report on last page and neglect the Profit made in 2nd or third page?

Why aren't they fair in their judgement by pointing out both sides?

Going thru the press release, though I never read all, Wale is optimistic that from 2025 we'll be seeing much more improvement....

What if the auditors are playing script with those reports?
Nestle, MTNN were also in massive losses but came out of it unexpectedly..... Is it just less than a year of stability in FX that made all to disappear like that?

Those who panic-sell Oando have themselves to blame. When the spirit comes over her, Oando uses badmouthing as energy for her bull.

Oando's problems are real, but then why do you think it's selling at this price.
My main fear is the crash of crude oil price, but oil is insanely fickle and can change direction in a twinkle of an eye. Just wait until Israel bombs Iran and oil jumps to 500$.

Not praying for war, but a nation must defend it's existence against forces that maintain the ideology that it should not exist, and should be wiped out.

Today, let me recline and enjoy the spectacle as Oando Gbos-Gbaas collides with Ellah's in this house, with all the senior analyst actors on duty

Enjoying some entertainment on top of money making does not hurt at all, but only contributes to making this place addictive.

Good day everyone.

Please I would like to know Honeywell flour mill dividend payment date

Thanks

Bukkydudu:
Good day everyone.

Please I would like to know Honeywell flour mill dividend payment date

Thanks

They didn't declare dividends

ANCHORIA INVESTMENT & SECURITIES LTD just dey use VFD do JIJO

Onado don reach 10M bid.The last time checked na 7 m.it is increasing instead of decreasing self.

IB can you close above #10. My 1 million challenge moving towards 150%.

Wapco make you bull back now

Total which village people dey ur side.

This thread to talkl about stock before you buy don they be problem for u way talk..lol

Mpeace:
They didn't declare dividends

Thanks

zendi:
Those who panic-sell Oando have themselves to blame. When the spirit comes over her, Oando uses badmouthing as energy for her bull.

Oando's problems are real, but then why do you think it's selling at this price.
My main fear is the crash of crude oil price, but oil is insanely fickle and can change direction in a twinkle of an eye. Just wait until Israel bombs Iran and oil jumps to 500$.



Not praying for war, but a nation must defend it's existence against forces that maintain the ideology that it should not exist, and should be wiped out.

Today, let me recline and enjoy the spectacle as Oando Gbos-Gbaas collides with Ellah's in this house, with all the senior analyst actors on duty

Enjoying some entertainment on top of money making does not hurt at all, but only contributes to making this place addictive.

My own point is that how can a dead company buy Agip.
What are the things the lenders see to back the deal or they just want to lose money.
The story no clear but I wan dey the movie

Sunrisepebble:
I don’t buy illiquid stocks. I have only Wapco in that sector

Aside from being illiquid, do you think it's undervalued at current price?

zendi:
Those who panic-sell Oando have themselves to blame. When the spirit comes over her, Oando uses badmouthing as energy for her bull.

Oando's problems are real, but then why do you think it's selling at this price.
My main fear is the crash of crude oil price, but oil is insanely fickle and can change direction in a twinkle of an eye. Just wait until Israel bombs Iran and oil jumps to 500$.

Not praying for war, but a nation must defend it's existence against forces that maintain the ideology that it should not exist, and should be wiped out.

Today, let me recline and enjoy the spectacle as Oando Gbos-Gbaas collides with Ellah's in this house, with all the senior analyst actors on duty

Enjoying some entertainment on top of money making does not hurt at all, but only contributes to making this place addictive.

No matter how you want to paint genocidal Israel as a saint, the whole world can now see that Israel is evil. Let Israel strike if they have the ball. May Oando flourish.