₦airaland Forum

Sunrisepebble:
I can confirm he has been buying GTB but not sure if it’s for merger purposes

Haaahh!!!
Be like Ote$ wan collect Wigwe(🙏) share via back door.

emmanuelewumi:
But not backed by cash, when you consider the Free Cash Flow

People want to make money fast, easy come easy goes by the time the bull clear them go know what's up 😊. That company needs financial miracle.

iskalamong:
Revenue dropped likely due to decline in downstream sales.

Marginal growth in profit (c.10%)

They reported EPS of c.N30 and the stock is trading at N40.

Looking like it’s still the cheapest (or at least one of the cheapest stock) on the Nigerian exchange.

Negative shareholder funds, high debt and no dividend are potential negatives keeping share price low.

I will take a better look at the numbers later.

Cheers!

Iskalamong!

.

.

hope you can read cashflow statement, they are not cashflow positive, and have financial burden. All those revaluation are deceitful.

ppogba:
Any prophet that sees a merger of GT with another bank should rather go back to the school of prophets.

The same GT that refused to cherry pick since the time of Soludo through the time of Sanusi when it was fashionable to do so MAY LIKELY NEVER contemplate a merger.

This are the kind of " over my dead body" situations for the founding fathers of the bank.

My thoughts as well.

PuristForest:
Leave Access and Oando, Buy univinsure

Ahh!!
even the Access I dey jab at times is looking like the beloved in this triad of stocks

KarlTom:
Listed shares ~ 12,431,412,004
Treasury = 4,279,042,004
OS = 8,152,370,000

OS is now 8bn..30% reduction.
Meaning price rally by 30%-50%.
Chikena.
Case closed

(Believe me at your Peril.)

emmanuelewumi:
I will write about the negative vibes others can write about the positive vibes of Oando


Shareholders fund is negative N553 billion

Debt is N3 Trillion

Finance cost is N59 billion

Working Capital is negative N3.2 Trillion

Net operating cash flow is negative N147 billion

Free Cash Flow is negative N259 billion.

All these -ve
How dem dey take even pay Salaries bawo?

emmanuelewumi:
Convert some to equity and also raise funds. What is the name of the fund raised ? Is that not another loan or equity?

They are going to raise fresh equity, convert some trade payables to equity, and issue other long-term concessionary debt instruments with more favourable interest rates. Oando has been relying on a lot of short term bank loans with high interest rates and that is what is causing the huge annual finance costs. That needs to change.

O

KarlTom:
I don't think the bolded is a good explanation of the agreement.

4,279,042,004 Ordinary shares of Oando PLC held by OODP Nigeria was transferred to OandO plc in settlement of the outstanding obligation of $253.3m (~ ₦390bn).

Check note 37 of the UFS...

Okay. I guess you got it better

mikeapollo:
They are going to raise fresh equity, convert some trade payables to equity, and issue other long-term concessionary debt instruments with more favourable interest rates. Oando has been relying on a lot of short term bank loans with high interest rates and that is what is causing the huge annual finance costs. That needs to change.

OK. gotten my answer.
short term bank loans used to pay salaries like how Dangote ,MTN and co like using commercial papers.

floval:
Guys, I’m considering investing ₦2 million in the short term, and I’m currently looking at Access Bank and Oando. What would you suggest? Your responses and recommendations would be greatly appreciated.

Different part of same coin.

Spending spree Vs Debt Spree.
Choose your Spree

OANDO remains the best share to buy now based on its share price and the present results. Many of this stocks here are already on top of thr SP.They will mostly pull back or trade side ways for long. Unless u are after dividend. Thr present SP have priced in this released results. Let no one decieve u with all this FA here.It is street wisdom. They need stability even if they don't see appreciation soon.
Na from oga nosa I come they reason some behaviour on this thread..
OANDO is the cheapest. Debt back with serious verifiable asset is allowed in business.
It same thing as Tony going to borrow 750 million dollars to buy shares.The loan is tied to an asset.

chimex38:
Different part of same coin.

Spending spree Vs Debt Spree.
Choose your Spree

Debt can be a leverage in business as long as u can service the interest. And still have something for yourself no matter how small.It is allowed in business. You can never be classified as holder of none performing debt or be rated as bad by rating. If you believe otherwise go and ask the minister of finance of present government.

Stockpromoter:
Your observation is good but let's look at the summary of the result first 👇
Royal Exchange Plc – What to say about the latest result (with conviction)
1️⃣ Royalex did NOT record a loss
The company remained profitable. There was no loss, no capital wipe-out, and no negative shock in the numbers.
2️⃣ Profit softened, but capital was protected
Earnings were lower than peak expectations, but shareholders’ funds improved. Management prioritised balance-sheet strength over headline profit.
3️⃣ This was a capital-preservation result
No aggressive underwriting, no risky income booking, no cosmetic profits. The focus was stability, not show.
4️⃣ EPS looks weak mainly because of large share count
With 8bn+ shares outstanding, EPS will always look small. That does not mean the business collapsed.
5️⃣ The result keeps recapitalisation optional
Nothing in the numbers forces:
emergency capital raising
distressed pricing
regulatory panic
Management still has time and flexibility before the July 2026 deadline.
6️⃣ This result is recap-aware
The numbers were prepared to satisfy regulators and auditors, not to excite short-term traders. That is typical when recap decisions are ahead.
7️⃣ It sets a clean base for Q1 and Q2 2026
With a stable base, any improvement in Q1/Q2 will show clearly and strongly, which supports rerating.
8️⃣ No dividend talk is deliberate
Avoiding dividend pressure helps retain earnings, strengthen capital, and improve recap positioning.
9️⃣ The market is unlikely to punish the stock
There was:
no loss surprise
no balance-sheet damage
no forced dilution
Flat or mixed trading is normal digestion, not rejection.
🔟 Silence after the result is strategic
Boards planning recap usually fix the numbers first, then communicate strategy. February–March is the key window for direction.
1️⃣1️⃣ Bottom-line summary
This is not a sell result.
It is a hold-and-watch result that preserves upside and reduces downside risk.
1️⃣2️⃣ Why conviction holders are calm
Capital protected
Recap options open
No dilution forced
Upside still intact

How do you think they will raise the required capital needed for recapitalisation?

I noticed the strategic investment in low risk ventures like real estate, treasury bills, commercial papers and full divestment from stocks.
2026 q1 financial report will make things clearer.

The market may react negatively to this result.

Streetinvestor2:
Debt can be a leverage in business as long as u can service the interest. And still have something for yourself no matter how small.It is allowed in business. You can never be classified as holder of none performing debt or be rated as bad by rating. If you believe otherwise go and ask the minister of finance of present government.

.... why i leave am open for am to choose Shegé him fit bear at present.
you don help am do further Due Diligence(DD) on one side, make him do rest of DD.

As revealed, these are rare jewels:
Access
Oando
Uba

Miss them and regret later!

Vitafoam seem to have the best result so far

chimex38:
All these -ve
How dem dey take even pay Salaries bawo?

They are working for the banks

Streetinvestor2:
OANDO remains the best share to buy now based on its share price and the present results. Many of this stocks here are already on top of thr SP.They will mostly pull back or trade side ways for long. Unless u are after dividend. Thr present SP have priced in this released results. Let no one decieve u with all this FA here.It is street wisdom. They need stability even if they don't see appreciation soon.
Na from oga nosa I come they reason some behaviour on this thread..
OANDO is the cheapest. Debt back with serious verifiable asset is allowed in business.
It same thing as Tony going to borrow 750 million dollars to buy shares.The loan is tied to an asset.

Street, are you minding them and their biased analysis......
Some are strictly wishing that OANDO should go down more in price so they can load very cheaply
Don't think they don't have interest in the stock o
By the time the debt issue is structured we'll hear/read another stories from them.

CONOIL

https://doclib.ngxgroup.com/Financial_NewsDocs/45940_CONOIL_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_FEBRUARY_2026.pdf

Happy valentine in advance

Put on your dress with a touch of red

It's gonna be a wild party

The Gist on Oando
https://www.youtube.com/watch?v=12bF4MmGC7U

Ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8703#133826375

https://www.youtube.com/watch?v=inrnej7lyek

A walk through interim FY 25 earnings for both firms.

Agbalowomeri:
Happy valentine in advance

Put on your dress with a touch of red

It's gonna be a wild party

This is 2nd February
Meanwhile is this a cryptic message? A bloodbath prophecy for the stock exchange?

SonofElElyonRet:
This is 2nd February
Meanwhile is this a cryptic message? A bloodbath prophecy for the stock exchange?

Oga Agba has been prophesying bears since time immemorial.

Apparently this market is moved by something else no one can say with certainty.

WHAT WILL THE ALLSHARE INDEX DO TODAY?
This is earning season, telling what the market will do is fairly difficult as news on earnings is likely to take over major headlines.

Let us be calm and not trade the news. Better to follow the market trend.

What moves the market is the direction where money is flowing to.

Please, get the facts straight. OANDO didn't 'pay off' some shareholders. The shares were retrieved from company (oando) debtors who couldn't pay their debts to the company but instead forfeited their holdings in the company in exchange for their debts.

pluto09:
How much was OandO share price when the company retrieved the share and paid some shareholders off??

NSEstudent:
Oga Agba has been prophesying bears since time immemorial.

Apparently this market is moved by something else no one can say with certainty.

I dey wish my babes happy valentine Una still talk say na bears

With an EPS of N30 (debate this for as long as you wish ), I see OANDO rising to N100 in the shortest term.

GeeKudi:
Please, get the facts straight. OANDO didn't 'pay off' some shareholders. The shares were retrieved from company (oando) debtors who couldn't pay their debts to the company but instead forfeited their holdings in the company in exchange for their debts.

You are right in the current context about the treasury stocks

But let's also remember that Oando actually paid off some shareholders years ago to the equivalent of about USD 500-600K

GeeKudi:
With an EPS of N30 (debate this for as long as you wish ), I see OANDO rising to N100 in the shortest term.

😅😅😅 see well

Sunrisepebble:
I can confirm he has been buying GTB but not sure if it’s for merger purposes

Hello Chief, been a while.

Any news on WAPCO? (chinese buyer/result/possible dividend)