₦airaland Forum

pluto09:
Guarantee ke
In my own opinion, the first thing is to generate enough funds to cover our recurrent expenditures; debt servicing (including seed money to retire matured debt obligations), salary and overhead.

Sunrisepebble:
I don’t understand this NAHCO result

KarlTom:
ChatGPT

“Positive” as in net income or gain (i.e., administrative expenses showing a credit balance instead of a cost), can happen only in special cases — when recoveries, reversals or reclassifications exceed the actual expenses

🟢 1. Expense Reversal or Recovery

If prior-year over-accrued admin expenses are reversed:

e.g., a ₦5 million accrual for audit fees was made but actual cost was ₦3 million → ₦2 million reversal (credit).
This appears as a negative expense (a “positive” to profit).

🟢 2. Reimbursement from Partners or Affiliates

Common in oil & gas joint venture operations:

If one operator incurs admin costs on behalf of partners and gets reimbursed, the reimbursement can offset or exceed admin costs.

🟢 3. Reclassification of Shared Services

Sometimes head-office expenses are reallocated to project or production costs.
If this reallocation is more than the booked admin expenses, it results in a net credit to the administrative expense line.

🟢 4. Foreign Exchange Gains or Other Income Posted Against Admin Costs

Occasionally, FX gains, insurance recoveries, or write-backs mistakenly (or for convenience) net off admin costs, yielding a “positive” total.
...

KarlTom:
I have been trying to decipher the reason for the delay in distributing the bonus.

With this discovery, I am trying to hope that Mr Wale has not dribbled investors...

KarlTom:
AMEN!!!

"In addition, we also executed the first tranche of our share distribution programme, delivering a 5.33% dividend yield, with the second tranche scheduled for early next year..."

yMcy56:
CAC REGISTRATION
Pls do we have anyone who's into CAC registration here?
Genuine person pls reply....

rakish:
Yes. I am an accredited agent with cac

KarlTom:
OandO

https://doclib.ngxgroup.com/Financial_NewsDocs/45329_OANDO_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_OCTOBER_2025.pdf

POSITIVE ADMIN EXPENSE of ₦30,860bn?
FINANCE INCOME ₦209.7bn
Q3 EPS ₦11

Abrakadabra

yMcy56:
Ok thanks.
Can you pls send DM to me.....or maybe I'll DM you.

rakish:
Okay that is fine. I have sent a mail.

KarlTom:
Income tax error

H1 Tax was 2.912bn
Q3 Tax is meant to be about 1.6282bn instead of 16.282bn to give 9-month Tax of about 4.482bn

yMcy56:
Message couldn't be delivered to you.
Let me DM from my end.
Thanks.

** Done*

Raider76:
Local refiners to gain as Tinubu approves 15% duty on imported petrol, diesel

https://businessday.ng/news/article/local-refiners-to-gain-as-tinubu-approves-15-duty-on-imported-petrol-diesel/

Looks like the fuel imports cabal have lost another round.

mikeapollo:
@KarlTom, you are our famous Chief Monitor for the oil and gas companies.
But why are you always hard on Oando?
You are always unwilling to accept positive or encouraging results from Oando why?
Did we or our CEO or prophet offend you?
You no wan make we do Xmas? Na woooo

KarlTom:
"During the period, we made meaningful progress in integrating operations, strengthening security
and community relations, as well as resolving legacy issues inherited at the point of operatorship.
Most notably, we achieved a partial recovery of substantial receivables that had remained
outstanding for several years and made significant headway in renegotiating long-standing legal
matters that had previously been fully provisioned for. These milestones underscore the depth of our
leadership and our unwavering commitment to unlocking value...”

https://doclib.ngxgroup.com/Financial_NewsDocs/45338_OANDO_PLC-OANDO_PLC_-9M_2025_UNAUDITED_RESULTS_RELEASE_CORPORATE_ACTIONS_OCTOBER_2025.pdf

KarlTom:
AMEN!!!

"In addition, we also executed the first tranche of our share distribution programme, delivering a 5.33% dividend yield, with the second tranche scheduled for early next year..."

chimex38:
Yes. Wema pulled weight with the ALAT and younger generation capture. It proved a Banger.

But Wait fess.
Weren't they a national bank before?

KarlTom:
@ the bolded, Factual is a better parlance...

If you see me hitting a stock hard, I am heavily interested/invested in it

The result is VERY GOOD. I only highlighted the grey areas (some of which have been clarified in the unaudited results release)

jonnysessy:
Today happens to be the last day for dropping of Q3 reports. See as companies dey drop the reports without giving one any time to properly analyse it. Even Oando too is not left out. I guess many no wan pay fine to NGX. But, I doubt if Banks like Fidelity and Access can make any progress in this regards. Particularly Fidelity, I don't think I have seen their H1 2025 results.

Please, has anyone received the second tranch of Oando bonus ? I am waiting for my own so as to package everything together and enter either Seplat or Aradel ( i don't mind having very small units there). Both clearly have direction, I just tied money in Oando and it is even depreciating by the day. They can't see their mate in Seplat and Aradel churning out very impressive results.

KarlTom:
@

@ the 2nd bolded, The Q3 result is VERY GOOD. I only highlighted the grey areas (some of which have been clarified in the unaudited results release)

essentialone:
9 Months EPS of Wema Bank just jumped from N3.28 to N7.39


Or did I see it wrongly?

chimex38:
@naturalflow the Q3 performance was not as good as Q2 performance that took it SP to 4+
It made ₦0.56 EPS in H1(Q1+Q2) which made estimated FY EPS to be about ₦1.10k! Consequently, this took SP to ₦4+
Q3 alone it made ₦0.13
(drop per Q). This shows it may not attain the FY EPS of ₦1.10k that was estimated by H1 that took the Share price to ₦4 if it continues with this ₦0.13 EPS in Q4.





I know Qtn is meant for Aj8.
But let me add.

EPS of MB is 0.69 Year-Till-Date(9Months).

We are only left with 1 quarter EPS to add to the EPS of 0.69 to get the Estimated FY EPS.

12=12 calender months
9= calender months.

0.69* 12/9 will give you the estimated full year EPS of ₦0.92k
He multiplies by 4 as his personal standard of average PE ratio of 4 for "most" companies which he calls common sense .
0.92* 4=₦3.68 as target price.

Alternative1,
4=4 quarters(12months; FY)
3= 3 quarters(9months)
he could as well have done 0.69*(4/3)=₦0.92
Then 0.92*4= ₦3.68 as target price.

For a more logical breakdown:
Alternatively 2, you can divide 0.69(Eps for 3 quarters) by 3 to get the EPS for 1 Quarter=
0.69/3= 0.23.

Then multiply 0.23 *4 to get the estimated full yr EPS= ₦0.92k.
Then multiply 0.92*4 to get the common sense target price of ₦3.68 as target price

Payunsin:
Cadbury on full offer, loaded it at 24 got to 74 greed no let me sell.
But no complains sha Na same greed carry me reach the current orice😬