₦airaland Forum

megamart247:
What if the 300m profits is reinvested in stocks will it be taxed ?

SonofElElyonRet:
Are you saying Oando is not fit and qualifed to run a refinery? Or just because its CEO is related to the President that disqualifies them? Oando has the capacity.. no scandal if a refinery is sold to them. Nothing will happen

mikeapollo:
There is no amount of open and transparent process that would convince the Nigerian masses if Tinubu should sell a national asset like NNPC to Oando, a company owned by his nephew.
The critical importance, controversies and corruption around fuel and petroleum products and the ignorance about business and corpotrate governance in Nugeria is too much.
Oando should not even bother to put in a bid if they love themselves.

Princkez:
don't worry about the new investor because the money is already down...please wait till after the egm .

mikeapollo:
I am referring to the potential issues of corruption, conflict of interest etc and how Oando may never be able to convince the populace and potential foreign investors that the deal was transparent, fair and above board .
And it could be revoked by a future president.

The refinery in far away Trinidad and Tobago is even generating a similar problem because the opposition party has already threatened not to recognise the deal when they come to power i.e they may revoke the deal

Olaide1295:
Correction: Those refineries are national liabilities, not assets.
I don't think the sale will happen before the elections for political reasons. So anyone speculating should be careful.

Olaide1295:
Correction: Those refineries are national liabilities, not assets.
I don't think the sale will happen before the elections for political reasons. So anyone speculating should be careful.

Princkez:
don't worry about the new investor because the money is already down...please wait till after the egm .

Streetinvestor2:
[b][/b]The new law says if fully reinvested in the same financial yr.No CGT.
If part is reinvest. The part not reinvest will be taxed based on profit on it
For me na to dey reinvest and collect from dividend which is only 10% WHT as final tax

SonofElElyonRet:
If a new government revokes the agreement then they'll pay heavy damages..

SohSoh:
Did you read this news article ... a company can couldn't repay or manage 940 million loan... is seeking 250billion

They should issue commercial paper least see if they can repay since company like Dangote, Fidson, Mecure industries are all issuing commercial paper Ellah Lakes should issue commercial paper ....

legacystore:
If you invested ₦1,000,000 on 31 Dec 2024 in the Nigerian Stock market, this is what it is after 6 months

Top 25 stocks
1 BETA GLASS — ₦5.15m
2 HONEYWELL FLOUR — ₦3.41m
3 THE INITIATES — ₦3.30m
4 VITA FOAM — ₦3.22m
5 NEIMETH — ₦2.85m
6 FIDSON — ₦2.84m
7 PRESCO — ₦2.68m
8 CHAMPION — ₦2.62m
9 SCOA — ₦2.62m
10 CHELLARAMS — ₦2.58m
11 INT'L BREWERIES — ₦2.50m
12 CAVERTON — ₦2.47m
13 FLOUR MILLS — ₦2.46m
14 ELLAH LAKES — ₦2.42m
15 NASCON — ₦2.26m
16 SKYWAY AVIATION — ₦2.18m
17 LIVESTOCK FEEDS — ₦2.16m
18 UPDC — ₦2.04m
19 FTNCOCOA — ₦2.01m
20 ABC TRANSPORT — ₦1.99m
21 NAHCO — ₦1.96m
22 CADBURY — ₦1.93m
23 ABBEY MORTGAGE — ₦1.92m
24 NIGERIAN BREWRIES — ₦1.84m
25 MTN — ₦1.79m

#Statisense
(NGX)

Well looks fantastic imagine it was 50 or 100m invested hmmm, anyway caution is advised
money can also be lost

SohSoh:
Did you read this news article ... a company can couldn't repay or manage 940 million loan... is seeking 250billion

They should issue commercial paper least see if they can repay since company like Dangote, Fidson, Mecure industries are all issuing commercial paper Ellah Lakes should issue commercial paper ....

Streetinvestor2:
This bot has banned and unbanned me like 5 times for reasons I don't even understand

SohSoh:
Ellah Lakes Ellah Lakes

As seen on nairametrics

1: in year September 2022 : took over Adarice Farms from Enugu state government, no pictures of the Rice in the Market, but in 2024 & 2023 declared zero revenue

2: September 2022, claimed to make acquisitions, yet those companies acquired in 2023 & 2024 made zero revenue

3: September 2023 , Got SEC approval to raise 2.9billion yet in 2023 $ 2024 made zero revenue

4: October 2023 plans to invest 400million usd… yet in same 2023, and 2024 made zero revenue

No be juju be that

Streetinvestor2:
Bros you go soon put me for wahala. They go soon say na me send you come.Nobe you come last time to market one phem stock abi I am mistaking u for another moniker .The name na legend. Na thr I firt hear the name of the company

megawealth01:
I think the refineries sale would happen in second term sha

chinonsobest:
Thank you Chairman. However WAPCO is different, we might not witness a drop in price as far as they keep bringing out good results.

Just checkout their recent result and you would be very impressed with their fundamentals.

Myself keyed in to enjoy the dividends, and the proposed buyout is Jara.

People rushed to sell off Oando because they are not expecting any dividend anytime soon.

Sunrisepebble:
I agree with the bolded but CAPEX doesn’t affect profitability, only cash flow

SohSoh:
Ellah Lakes Ellah Lakes

As seen on nairametrics

1: in year September 2022 : took over Adarice Farms from Enugu state government, no pictures of the Rice in the Market, but in 2024 & 2023 declared zero revenue

2: September 2022, claimed to make acquisitions, yet those companies acquired in 2023 & 2024 made zero revenue

3: September 2023 , Got SEC approval to raise 2.9billion yet in 2023 $ 2024 made zero revenue

4: October 2023 plans to invest 400million usd… yet in same 2023, and 2024 made zero revenue

No be juju be that

EDUECO:
From Quora

NettyNelly:
Depreciation cost shouldn't be ignored

zendi:
Ask Quora again whether buying sheep and selling deer is against the Constitution or the Bible.

SohSoh:
What r u talking about... i gave Mecure as a buy recommendation few weeks ago. Or you want to say Mecure is a scam company like Ellah Lakes

mikeapollo:
My brother, there could be endless court cases and political action (e.g. protests) that may affect the transaction which may affect the share price.
The political risk will be too much and the whole thing may be revoked by another govt. the same way YarDua revoked the initial sale by OBJ.
If Oando would be involved, it should be part of a consortium e. g Aradel, Oando, Renaissance etc .

stockish:
hate speech makers tearing their clothes for missing ELLAHLAKES @3. I wonder what they'll do by Friday when it'll be around N20