₦airaland Forum

PETERiCHY:
OANDO now @ N7:35k with no bid.

When i keep saying that STOCK MARKET is one the most organized gambling platform some keep arguing now we can all see for ourselves.

May GOD give those in that bus the fortitude to bear the loss.

PETERiCHY:
Pa ihedi which focus again people house is on fire and you want them to start chasing rat

Josh121:
Remember don't invest what u can't lose , it just a bad time for oando but it not dead

PETERiCHY:
Yes OANDO is not dead but I foresee a massive share reconstruction in the nearest future.

*ThE OcToPuS*

jamace:
At bolded, Zeeeezzz, my enemy number one in this business.

Godisfaithful:
My very good friend, Sir Born, it is very clear that emotions are running high and people are very angry with the results presented by Oando because there hard earned money are involved. I will take responsibilities concerning the misrepresentation and miscommunication of my post on Oando's optimism or confidence as it was stated by many. One thing is very certain, something certain unethical, conscienceless, ungodly, and inhumane happened along the road (And this would be made clear as time goes on). Don't be surprised if you see some top Oando management resigning their position (Plz don't quote me). As I said, Myjoy08' had no intention of misleading anyone because I have a conscience to defend but want the BEST for everyone. Even one Oga stated here that I haven't bought stock in my life, well u're wrong about that. We are not here to flex muscle or brag with our nets-worth but I can assure you that Millions of Naira are loaded in stock with the grace of God. As I always stated in my post that your due diligence matter and I wouldn't stop saying that. In all, am SORRY once again and BNSITLs' can move forward with other opportunities awaiting us. God bless everyone! God bless our struggles!! God bless BNSITL!!! God bless Nigeria!!! It is ONE LOVE AS USUAL!

bigass:
i see Oando sell at 3.50K before Dec

PETERiCHY:
Someones prophecy is about to be fulfilled

Born2berich:
It is well my brother. We shall all overcome.

angelo82:
Jokes apart but you are really pessimistic about NSE...............Anything you are not sharing?....................I mean the real deal..............

PETERiCHY:
Someones prophecy is about to be fulfilled

NextProdigy:
The last time I checked, you're either an optimist or a pessimist or a mix of both. It's a free world man.

Ronkuns:
The Facts Behind Oando’s shocking Bottom-line Loss

Oando’s 2014 results were to say the least disappointing. However, the negative figures are an attempt to align the company’s finance to the reality of its business operating environment. In its Facts behind the figures exposition on the result, the bulk of the loss in Oando’s books emanated from non-cash write downs on its revalued assets particularly its upstream assets which were acquired at the time oil price was trading at above $100 per barrel. A breakdown of the administrative expense alone as reported on the income statement reveals that Depreciation, Impairment and other general administrative expense accounted for a princely N271.875billion. The impairment charges emanated from non-cash write downs on its upstream assets which had to be revalued consequent upon the crash in crude oil prices in the global market.


N’Billion FYE2014 FYE2013
Depreciation 18,897 9,980
Impairment 167,317 858
Other Gen. Admin 85,661 30,559
Total 271,875 41,397


While the loss looks scary, the fact is that Oando seems to be doing the needful by ensuring integrity in its financial reporting via recognition of the impairment losses on its assets . In itself impairment loss cannot be solely blamed for Oando’s scary loss, it should be borne in mind that the devaluation of the naira in 2014 also did more harm than good to the company’s fortune as a bulk of its revenue are in dollars and as such incurred foreign exchange loss on its revenue upon strengthening of the dollar against the naira.

In similar vein, the fundamentals of Oando’s business are still intact. Its productive capacity from both upstream and gas business are on the increase on the back of various expansion projects which have been successfully concluded. At the moment, Oando currently boast of a 150km of gas pipeline with which it transmit gas across the country. Its annual gas production will be on the uptrend as more pipeline projects are completed while crude production is also on the increase. The company’s debt incurred for the Conoco Philips transaction has been significantly paid down with the net debt standings at circa $453million from whopping circa $900million.

In the light of the foregoing, we do foresee an improvement in Oando’s operating performance in the near future as the oil and gas titan has done the needful in revaluing its asset and recognizes the impairment losses in one fell swoop. This is expected to free it from future impairment loss obligation and subsequently improve its bottom-line.

The market has already started reacting negatively to the result but we see a situation where the stock price will end up over-reacting to this news based on sentiments rather than hard-nosed analysis.
Discerning investors should look out for this period as an entry opportunity.


Best Regards,

Research Department
research@arthurstevenng.com

angelo82:
Jokes apart but you are really pessimistic about NSE...............Anything you are not sharing?....................I mean the real deal..............

PETERiCHY:
After my BANKPHB loss experience 2011 my eyes opened like that of Adam and orientation about NSE changed totally which made me to be better off today.

Now even if somebody tells me he or she is waiting to buy Nestle @N5 i won't doubt or argue with the person.

Na person wey never really loss big money for NSE dey depend on all those yeye analysis and valuations.

See OANDO that people were scrambling to buy N30 sometime last yr today nobody willingly to touch it with long pole @#7.

So it's not a matter of being pessimism but being realistic.

Raider76:
Volume has started increasing. Some buyers have started coming out.

Ronkuns:
Boss, you confused me by alluding to @NextProdigy claim that FBNH is overvalued at N4.00.

feelamong:
good attempt to make a bad situation look a bit good..

who said we will not be seeing more recognition of impairment losses as the price of crude oil falls more to $20 as predicted by JP Morgan?

Oando is now a junk investment......really a shame that i was trying to acquire a riq on the back of my Oando shares..

now na to siddon look OANDO i dey now..

PETERiCHY:
Some food for thought

This is the performance of First Bank from 2000 to date.

100k will buy 20,000 units of FBN shares in 2000.


Year Bonus Units
2000 20,000
2001 1 for 4 25,000
2002 1 for 5 30,000
2003 1 for 6 35,000
2004 1 for 8 39,375
2005 1 for 4 49,218
2006 1 for 25 51,186 ( Special distribution)
2006 1 for 1 102,372
2007 1 for 6 119,433
2008 1 for 4 149,291
2009 1 for 6 174,171
2010 1 for 8 195,000 units


Valued at over N3.8 million Naira

This post was made by our pa ewunmi over 2 years ago, when FBNH was 17 naira. At 5.47 naira, this same quantity is now worth just over 1.2 million naira (excluding dividends). All of a sudden is the investment made in year 2000 worth it??

Lesson: Buy and Hold may not always be the best

Culled.

specialmati:
pls how can i withdraw my money from morgan capital online platform

manie:
Sarcasm

manie:
There are lots of opportunities in the market, most of the stocks in the banking sector are very cheap. I will choose the following with a 12 to 24 months duration. First Bank, UBA, Access Bank, Skye Bank, Flour Mills, UAC property, United Capital etc. There are scores of other cheap stocks.

Aks:
Buy Wetin!!!!! No b 4 me @ the moment. I wish you well

Aks:
I don't subscribe to the fact that the banking stocks are cheap cos few months back they were selling cheaper than the current price. NSE is very dry, the more you look, the less you see