₦airaland Forum

manie:
But Oando is not the only customer, most of the banks have cleaned their books, the worst scenario is for the banks to take over the finance of Oando in order to recover their money. Wale will not allow the problems of Oando to degenerate to the embarasing situation of receivership.

if it is so why do people talk any how like say oando is deer or japaul ? but i hope you go to church today? what about you reading now did you? .

735i:
Pay more attention to rise in impairments when the Q3 results are released.
Atlantic Energy's boss was picked up a day after D.Allison was arrested in the U.K

FBNH and Skye presently have over $400 million loan exposure to Atlantic energy. The amount ($400M) is over 4% of total NPL in Nigeria.

So here you are.... you have the figures... Do the math.

This news is stale, both banks made provision for this in 2014. Skye bank did not pay dividend in 2014 except a bonus of 1 for 20, FBN also managed to pay a dividend of 10k because they tried to clean their books.

manie:
This news is stale, both banks made provision for this in 2014. Skye bank did not pay dividend in 2014 except a bonus of 1 for 20, FBN also managed to pay a dividend of 10k because they tried to clean their books.

LOL
Provisions in 2014?
Provisions of what %? 10%? or 100%?
Anyways... FY2015 result should be out in a few months time....
Time will tell...

http://www.proshareng.com/news/Corporate%20Earnings/How-Oando-announced-its-FY-2014-Results-on-October-23

Lie lie

I can sight MyJoy08'4, ..abi na our ..myjoy08 ??
seriously I am considering selling off all my holding in Oando, this loss news brought out all the crowd on this stock, I hate anywhere there is too much crowd !!

cadno:
I can sight MyJoy08'4, ..abi na our ..myjoy08 ??
seriously I am considering selling off all my holding in Oando, this loss news brought out all the crowd on this stock, I hate anywhere there is too much crowd !!

Bros na today Oando get crowd?

Do you all think people will sell their oando tmrw?

bigass:
Do you all think people will sell their oando tmrw?

Let's ask "The OCtOposs"

bigass:
Do you all think people will sell their oando tmrw?

Well I have just a little over 200,000 units but I'm not selling.

No further devaluation of the Naira, CBN replies Sanusi

http://www.vanguardngr.com/2015/10/no-further-devaluation-of-the-naira-cbn-replies-sanusi/

Why don't you guys buy U.S stocks? At least you know your investments are safe.

YerYer:
Why don't you guys buy U.S stocks? At least you know your investments are safe.

You start a thread for that.

manie:
You start a thread for that.

Someone did already
www.nairaland.com/2460429/us-stock-market-even-playing#36005245

cadno:
I can sight MyJoy08'4, ..abi na our ..myjoy08 ??
seriously I am considering selling off all my holding in Oando, this loss news brought out all the crowd on this stock, I hate anywhere there is too much crowd !!

. Selling at loss is not good. Just be patient. It will surely recover!

AkinadeDare:
. Selling at loss is not good. Just be patient. It will surely recover!

na until u see oando obituary abi...i like your optimism

735i:
Pay more attention to rise in impairments when the Q3 results are released.
Atlantic Energy's boss was picked up a day after D.Allison was arrested in the U.K

FBNH and Skye presently have over $400 million loan exposure to Atlantic energy. The amount ($400M) is over 4% of total NPL in Nigeria.

So here you are.... you have the figures... Do tyhe math.

You painted a picture as if the $400 million will be a sunk cost. The asset in contention is still a generating asset, will continue to be a generating asset. Worst case, they can decide to sell the asset and still recoup their investment when the price of oil stabilizes. I agree, the valuation used for loan origination has changed, hence reasons for junk speculative analysis on fbnh.

davide470:
Zenith Bank declares 83bn PAT in Q3, 2015.

That's July, August, September. How did that happen? Some folks have been crying doom about no cabinet, CBN policy, TSA. Abi zenith bank dey yahoo?

Image123:
That's July, August, September. How did that happen? Some folks have been crying doom about no cabinet, CBN policy, TSA. Abi zenith bank dey yahoo?

No na from Jan To Sept

bigass:
Do you all think people will sell their oando tmrw?

People will try to sell, but there will be few buyers.

manie:
People will try to seller, but there will be few sellers.

buyer you mean ?

currentprice:
buyer you mean ?

Thanks, I have made the correction.

cassimere:
Well I have just a little over 200,000 units but I'm not selling.

You can sell your over 200k units of Oando provided you can get buyers at the current price, the fund realised from the sale can be used to buy back over 300k units of Oando at a cheaper price.

davide470:
Zenith Bank declares 83bn PAT in Q3, 2015.

Jeez, how do they do this, profit is said to be shrinking at my zone and they are declaring this PAT?

Oando's story will be an anti-climax

Technical Indicator says BUY Oando now.

At your own risk o.

jamace:
Technical Indicator says BUY Oando now.

At your own risk o.

slydog:
Jeez, how do they do this, profit is said to be shrinking at my zone and they are declaring this PAT?

You know the TSA was implemented late Q3, so final showdown. Lol.

How is the rebranding going at your zone?

Image123:
That's July, August, September. How did that happen? Some folks have been crying doom about no cabinet, CBN policy, TSA. Abi zenith bank dey yahoo?

I literally laughed out loud when I read this. Well, operating expenses down, non interest income up, late implementation of TSA also helped etc.

davide470:
You know the TSA was implemented late Q3, so final showdown. Lol.

How is the rebranding going at your zone?

They are still in it bro

Godisfaithful:
No further devaluation of the Naira, CBN replies Sanusi

http://www.vanguardngr.com/2015/10/no-further-devaluation-of-the-naira-cbn-replies-sanusi/

this is good news to nse many people will enter market this week with this reply .