locodemy:


is this irony or what?Titikpa rachaa unu niile anya

Pls try to always be civil. This is a public platform. It is not meant for touts.

Thank u.

locodemy:


is this irony or what?Titikpa rachaa unu niile anya

Stop it one love . We never forget our km10-100 three days to end the week . They all ask you how you no that oando can do it km10/100

myjoy085:



Pls try to always be civil. This is a public platform. It is not meant for touts.

Thank u.

The highest you can do is to barr me and nothing else...........isi gbawasia kwa gi there....if you are happy,do you think i am when my investment is seriously reducing value.......mind kwa onwe gi ooo.

mercylicious:


U are turning me to mad woman in me office.
See me laughing anyhow now.

U just spilled d acid he warned of.

One of my madam said something one day. She said thank God no one can slap another person via phone. That she is not sure her cheeks will have remained by now if its possible.

u r laughing anyhow cos u don load skybank 33% portfolio, no problem

Got this from FORTHRIGHT SECURITIES & INV. LTD

Dear Sir / Madam,

Oando Plc, one of Nigeria’s leading indigenous energy companies, in a
press statement, expect to report a significant decline in their
earnings for the second quarter of 2016. This is due to the
devaluation of the Naira against the US Dollars as the company has
liabilities which amounts to a sum of $261 million dollars. The
devaluation of about 40% resulted in the foreign exchange losses and
this has been noted in the financial statements to be released soon.

However, despite the challenges, the Company is determined to increase its
dollar earning through its upstream and export trading business, which
would not be impacted by the volatility of Foreign Exchange rates to the
Naira.

locodemy:


The highest you can do is to barr me and nothing else...........isi gbawasia kwa gi there....if you are happy,do you think i am when my investment is seriously reducing value.......mind kwa onwe gi ooo.

HMM, hope it is not Oando.

I thought you an expert in JIJO.

At your level no stock should make you sad.

stocks with new 52 weeks low
ETI #13.00k
Vitafoam #3.27k
sterling #1.30k
MRS #30.34k
7up #133.43k
lafarge #60.06k
no new high

Intendy:
stocks with new 52 weeks low

ETI #13.00k

Vitafoam #3.27k

sterling #1.30k

MRS #30.34k

7up #133.43k

lafarge #60.06k

no new high

I am seriously eyeing this ETI dont ask me why.

Any body still doing business with [b]MRS [/b]is not smart. AMCON is currently looking for ways to liquidate the company

OBAGADAFFI:


HMM, hope it not Oando.

I thought you an expert in JIJO

No matter what i still believe and waiting for my KM10 but that should not cause people to make mockery of it.........i will give the KM10 3 months from now due to the mgt putting things in order........just visit oando website and read Half year presentation update and that will give you the insight of what i am talking about........one love

locodemy:


No matter what i still believe and waiting for my KM10 but that should not cause people to make mockery of it.........i will give the KM10 3 months from now due to the mgt putting things in order........just visit oando website and read Half year presentation update and that will give you the insight of what i am talking about........one love

Yes focus . one love .

No be everything wey person see e dey talk.

ihedioramma:
Yes focus . one love .

Oga this you encouragement ehn


LMAO

locodemy:


No matter what i still believe and waiting for my KM10 but that should not cause people to make mockery of it.........i will give the KM10 3 months from now due to the mgt putting things in order........just visit oando website and read Half year presentation update and that will give you the insight of what i am talking about........one love

So you are believing what Oando is telling you.LOL

No come dey cry for here if kasala bust o.

Got this from FORTHRIGHT SECURITIES & INV. LTD

Dear Sir / Madam,

Oando Plc, one of Nigeria’s leading indigenous energy companies, in a
press statement, expect to report a significant decline in their
earnings for the second quarter of 2016. This is due to the
devaluation of the Naira against the US Dollars as the company has
liabilities which amounts to a sum of $261 million dollars. The
devaluation of about 40% resulted in the foreign exchange losses and
this has been noted in the financial statements to be released soon.

However, despite the challenges, the Company is determined to increase its
dollar earning through its upstream and export trading business, which
would not be impacted by the volatility of Foreign Exchange rates to the
Naira.

Oando plc announces earnings guidance

July 18, 2016

Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, expects to report materially lower earnings for the second quarter of 2016 due to the impact of the Naira devaluation against the US dollar (“USD”), resulting in unrealized foreign exchange losses. This announcement is based on the unaudited financial statements for the period ended 30th June 2016.

The impact of the Naira devaluation by the Central Bank of Nigeria (“CBN”) is expected to amount to an unrealized foreign exchange loss arising from USD denominated liabilities, outstanding bank trade facilities as well as vendor payables. As at the time of the devaluation the company had USD denominated borrowings of ~$261 Million in our Naira dominated earnings businesses, consisting of ~$68 Million in core loans, $89 Million in bank trade facilities, ~$83 Million in Asset Financing and $21 Million in other payables. A circa 40% devaluation in the value of the Naira against the US dollar from the bank rate of N199.00:$1.00 to N280.00:$1.00, has effectively resulted in these significant foreign exchange losses which we have prudently booked into our financial statements.

Despite the challenging operating landscape in 2016, we reiterate our focus of returning the Group to profitability by growing our dollar earning higher margin upstream and export trading businesses, which will not be impacted by the volatility of Foreign Exchange rates to the Naira. We remain confident in our diversified business model and the long-term prospects for growth in Nigeria and beyond.

Further details of the Group’s financial performance will be disclosed when the Half Year unaudited financial results are announced and during the subsequent results conference call.

Ends.

http://www.oandoplc.com/media/press-release/oando-plc-announces-earnings-guidance-for-h1-2016/

OBAGADAFFI:
So you are believing what Oando is telling you.LOL
No come dey cry for here if kasala bust o.

the guy wants to learn the hard way. that's wht it's good to buy and keep quiet instead of making too much noise and monkey hunting because when the trade go against you, all the monkeys you deceived will come after you like you owe them something and you will eventually be reduced to a low status like what happened to THE BIG SMART GUY.

Thunderlicious:


the guy wants to learn the hard way. that's wht it's good to buy and keep quiet instead of making too much noise and monkey hunting because when the trade go against you, all the monkeys you deceived will come after you like you owe them something and you will eventually be reduced to a low status like what happened to THE BIG SMART GUY.

....... .........

Thunderlicious:


the guy wants to learn the hard way. that's wht it's good to buy and keep quiet instead of making too much noise and monkey hunting because when the trade go against you, all the monkeys you deceived will come after you like you owe them something and you will eventually be reduced to a low status like what happened to THE BIG SMART GUY.

Permit me to say, you get bad mouth no be small. Chai

ExLaidback:


Is this about FBNH? I'm not sure what those analyst want but I think considering the state of the economy and where they are coming from (near loss due to NPLs), N32B seems very good . It's like most people don't understand what banks are facing currently.

N32B at Q2 is not good at all. How can a bank report a Q1 of c.N35B only for it to report N32B at Q2? A QoQ loss, that is.

Manonamission:


N32B at Q2 is not good at all. How can a bank report a Q1 of c.N35B only for it to report N32B at Q2? A QoQ loss, that is.

People,

Please be cautious about your speculation s about FBNH. Their loan loss it's gonna increase by H1.

Their foreign currency exposure is huge, and most of the fx exposure is in oil and gas.

Our crude export is still poor. Devaluation by over 50℅ in increased the loan books.

Please look for other stocks. Except you want to play the stock like Skye bank.

K

locodemy:


is this irony or what?Titikpa rachaa unu niile anya

Loco, you're my man, you know.
The post you're referring to is intended as high humour, with some mild acidity.
It is a token reaction to the increasing acidity of your own responses on oando matters, of late.
You have invoked poverty upon a forumite for merely expressing his desired oando entry point.
You have uttered unprintables in vernacular against bnsiTL for mere teeth flashing; teeth flashing which is one of the tools by which we inject some fun here, into the grim business of money making.
Be assured that oando will surely make km-10 and and beyond.
Equally, folks wishing it down to various southish entry junctions deserve also to have their own desires considered.
But the timing for all these manifestations is known only to God, who is loving and almighty to grant everybody's request.
Pls cut out now, for instance, those Igbo curses, which no doubt is offensive to up to half of the regulars here, in my estimation, who understand that language.
One love.

bolabiyi:
u try o...u dey ask peterrichy dis kind question? Hehen..issokay

Maybe the guy has not been following this thread.

Oga zendi, am trying to understand how you/MKT do your analysis. i.e the parameter used.why will the market be expecting N40b or more profit for a bank that is huge on loan? Fbnh last year H1 is about N40b. With all this their katakata, are we not supposed to expect something far less than last year's? This just a loud after thought, as am still a novice here observing. Thank you.

zendi:


No, negatively. The mkt is expecting 40b or more.
Do you have any info to that effect?

First it was CBN reaffirming the fundamentals of the bank, then Lagos state and now Kogi state...... What is going on??

http://www.vanguardngr.com/2016/07/igr-services-kogi-re-appoints-skye-bank-lead-collecting-bank/

Manonamission:
First it was CBN reaffirming the fundamentals of the bank, then Lagos state and now Kogi state...... What is going on??

http://www.vanguardngr.com/2016/07/igr-services-kogi-re-appoints-skye-bank-lead-collecting-bank/

You remember that Buhari stipulated in his asset declaration that he owns some shares in Skye Bank and now he may have taken over the bank through proxies.

angelo82:


You remember that Buhari stipulated in his asset declaration that he owns some shares in Skye Bank and now he may have taken over the bank through proxies.

Buhari is a failure so rule him out of this one.

PROFIT TAKING in this market is simply for the matured minds... YOU don't have to reply everyone when YOU know where you are heading to "THE GOOD LIFE"... THE SKY is NOW GREEN

Don't get near LIVESTOCK FEEDS & WAPCO until they hit #0.60k and #45 respectively... As usual do your DD before committing your hard earned money on any stock!

THE BIG SMART GUY

Manonamission:


N32B at Q2 is not good at all. How can a bank report a Q1 of c.N35B only for it to report N32B at Q2? A QoQ loss, that is.

Bros no vex o, you know say I be novice but the figure I have for Q1 2016 is c.N20B. Also the guy whose statement I quoted said PAT not PBT. Maybe we need more clarification on the results. I stand corrected but if with all the economic recession and headwinds the banks are currently facing, a bank like FBNH - that some people were even thinking will not make it after a disastrous FY 2015 - is posting N32B PAT, then except the poster made some mistake, that comes across as very good.

So with a Q1 of N20B, I can understand why a H1 (not Q2 mind you) of N32B would be a disappointment. But if its a Q2 (not H1 mind you) of N32B, then that is definitely a good result.

Anyway can you kindly recheck the figure you quoted for Q1 2016, I may have been wrong.

...

leo1234:


Maybe the guy has not been following this thread.

may be the guy wants to show there are more gain in nse than fx