₦airaland Forum

BabsO2:
Each year, Oando usually anchors the Chairman’s statement and front-page message around a theme phrase (e.g., in 2018 it was “Unrelenting Drive”, in 2020 it was “Resilience through the Storm”).

Current theme should be share distribution is here

And the next one “Enjoy turnaround cash dividends”

emmanuelewumi:
I am still buying Presco, Nahco, Zenith, Aradel, GTCO and Okomu


This month of August these wonderful stocks and bonds, will give me a modest dividend and coupons of almost N6 million

Ginalex:
Make Transpower just do normal... Cadbury that I rentered is doing well ... Make Nahco dip small😁😁... Sugar made me happy sha. Didn't expect it to go back up that fast

Pesuzok:
But Oando wasn't operating the assets, they had to rely on agip, of which might not be managing it efficiently. Now Oando is in full control, let's see what they can make out of it.

Valthegreat:
This DANGSUGAR matter is no longer understandable, I planned to sell on loss @57 last Friday to rebalance with any of the good insurance stock (like AIICO or MANSARD OR MBENEFIT) but nobody bought and before I could click on sale today I saw some good bids and left the button alone now I am seeing over 61.40.
The question now is this back and forth movement is it not the activity of JIJOISTs? Because I see the up and down movement continuing endlessly until the company comes out of debt perhaps by H2.

megawealth01:
COY wey don recover

stokfrick:
How does dangsugar plan to repay their loan, cos as of now, finance cost still eats into their profit quarterly, while the debts continue to be rolled over.

Pesuzok:
But Oando wasn't operating the assets, they had to rely on agip, of which might not be managing it efficiently. Now Oando is in full control, let's see what they can make out of it.

emmanuelewumi:
Because they didn't have the expertise.

How can I buy an asset for $1.5 billion and I can sack the so-called people managing it for me

The main problem is over leverage. It happens when you bite more than you can chew, or you swallow what is bigger than your stomach capacity

Pesuzok:
But Oando wasn't operating the assets, they had to rely on agip, of which might not be managing it efficiently. Now Oando is in full control, let's see what they can make out of it.

mikeapollo:
Agip (the operator) was more interested in the production of gas than crude oil (because of issues of the environment, renewable clean energy etc.), although crude oil is what provides the biggest margins.
Again, Agip had higher cost profile, and as the operator, they decided on which costs to incur, and then charged a proportionate ratio to the non-operator members of the JV who had little or no say.
There were some of the explanations provided by Wale at the AGM

megawealth01:
Wale is both a cowboi and the law

mikeapollo:

I have a feeling that he may do some positive things to gain the trust and confidence of the industry, and to redeem the image of the surname that he shares with the clueless man inside Aso rock
The share redistribution exercise is encouraging, for a start.

emmanuelewumi:
Because they didn't have the expertise.

How can I buy an asset for $1.5 billion and I can sack the so-called people managing it for me

The main problem is over leverage. It happens when you bite more than you can chew, or you swallow what is bigger than your stomach capacity

emmanuelewumi:
Because they didn't have the expertise.

How can I buy an asset for $1.5 billion and I can sack the so-called people managing it for me

The main problem is over leverage. It happens when you bite more than you can chew, or you swallow what is bigger than your stomach capacity

mikeapollo:
Agip (the operator) was more interested in the production of gas than crude oil (because of issues of the environment, renewable clean energy etc.), although crude oil is what provides the biggest margins.
Again, Agip had higher cost profile, and as the operator, they decided on which costs to incur, and then charged a proportionate ratio to the non-operator members of the JV who had little or no say.
These were some of the explanations provided by Wale at the AGM

emmanuelewumi:
Because they didn't have the expertise.

How can I buy an asset for $1.5 billion and I can sack the so-called people managing it for me

The main problem is over leverage. It happens when you bite more than you can chew, or you swallow what is bigger than your stomach capacity

Pesuzok:
We are saying the same thing, so Oando wasn't fully in control of the assets they bought in the last 10 years

sterlingD:
PRESTIGE. ASSURANCE
https://doclib.ngxgroup.com/Financial_NewsDocs/44874_PRESTIGE_ASSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_AUGUST_2025.pdf

megawealth01:
TRANSPOWER don pay una na

Ginalex:
I never see alert o

megawealth01:
Someone here said they have started alerting una wey get an.

I'm still waiting for it at bargain entry

sterlingD:
PRESTIGE. ASSURANCE
https://doclib.ngxgroup.com/Financial_NewsDocs/44875_PRESTIGE_ASSURANCE_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_AUGUST_2025.pdf

sterlingD:
PRESTIGE. ASSURANCE
https://doclib.ngxgroup.com/Financial_NewsDocs/44875_PRESTIGE_ASSURANCE_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_AUGUST_2025.pdf

Ginalex:
Her CSCS statement is showing the correct units but her in-house account with Morgan is showing 107,500. She has been able to sell down 5000 what's left is 102,500.

kintus:
Key Highlights from Q1 2025

Gross Premium Written (GPW): ₦5.55bn (↑ 11% YoY from ₦5.0bn in Q1 2024)
Profit Before Tax (PBT): ₦776m (↑ 31% YoY from ₦594m)
Profit After Tax (PAT): ₦647m (↑ 31% YoY from ₦494m)
Earnings Per Share (EPS): ₦0.05 (vs ₦0.04 in Q1 2024)
Investment Income: ₦709m (↑ 33% YoY from ₦534m)
Shareholders’ Fund: ₦22.7bn (↑ 5% YoY)
Total Assets: ₦32.6bn (↑ 6% YoY)

Investor Interpretation

1. Profitability Strengthening:
Both underwriting and investment income improved, showing resilience in a tough operating environment. The 31% profit growth is a strong signal for investor confidence.

2. Earnings Quality:
A large portion of growth came from investment income (+33%), not just core insurance underwriting. While this boosts results, it also exposes the company to capital market risks.

3. EPS Growth:
EPS of ₦0.05 in Q1 indicates potential to deliver ₦0.20 full-year EPS, assuming momentum continues. At a modest P/E ratio, the stock looks undervalued compared to peers.

4. Balance Sheet Stability:
With ₦22.7bn in shareholders’ funds and steady asset growth, Prestige remains financially sound. Solvency ratios appear healthy.

5. Market Sentiment Factor:
The insurance sector on NGX is experiencing mixed investor sentiment—AIICO, Cornerstone, Lasaco are more actively traded, while Prestige trades thin volumes. This could limit short-term momentum unless driven by earnings releases or sectoral news.[/b]