₦airaland Forum

Sunrisepebble:
Loaded Oando for JIJO today

"Àgbàlàgbà tí ó ń sáré nínú ẹ̀gún ọ̀gàn, bí kò lé nǹkan, nǹkan ń lé e."



An elderly person running in a thorny bush is either chasing something or being chased by something

mikeapollo:
So who do we follow now? The person looking forward or looking backward?
Just kidding

Follow who know/sabi road

Sunrisepebble:
Oando

https://www.reuters.com/business/energy/oando-plans-750-million-drilling-campaign-expects-funding-boost-iran-turmoil-2026-04-10/?taid=69d8d14850dfba0001005426&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Forward looking statement as usual

robobo:
The thing i have learnt about rough maths is that they work best. All others only move you further into the analysis paralysis spectrum

ciao

in line with "rough maths". It SEEMS btw 4 - 4.25 dividend is being priced into UBA if we are to use the yield on GT and Zenith (btw 9.2% - 9.8%) as a proxy. Anything farther from this (positively or negatively) might be treated as a surprise by the market.

Going by same "rough maths" / yield expectation, it SEEMS btw 2.25-2.5 is being priced into Access. Anything farther from this (positively or negatively) might be treated as a surprise by the market.

Sunrisepebble:
That would be a generational buying opportunity.
I’m not a bank analyst, so forgive my rough math. Assuming Zenith have exited their forbearance as at FY25, the way GT had in FY24. If they have GT’s level of impairment in FY26 and assuming earnings are flat and payout ratio is also flat. You’re looking at an EPS of N39 and a DPS of N15+

The thing i have learnt about rough maths is that they work best. All others only move you further into the analysis paralysis spectrum

ciao

KarlTom:
You have made a strong case for efficiency at Kwale. However, I don't think Phase II (additional 480MW) has been brought on stream. So we're likely dealing with just 480MW for now.

However,the 60MW turbine belongs to Bayelsa State (Yenagoa Power Project).
It will be powered with gas feed from the Oando gas manifold.

@ the bolded, It doesn't belong to OandO

Oga Karl. Your is the tenable reason for the talk. If na Bayelsa govt get am (60MW turbine) then it is tenable but for Oando being the owner when the full capacity of Kwale is yet to be fully exploited. It begs reasoning.

mikeapollo:
It is okay. Never intended this to be a back and forth issue. You are 10000000% correct and right!

Escape valve instead of facing the fact that it is possible within the time frame and calling out the actors

we have a long way to go

ciao

mikeapollo:
Maybe you did not read my earlier post very well.
My question was how do you expect them to do it in 12-18months; before you responded by making reference to Tony did at Ugheli

i replied you that the info is in public domain

"" Key Milestones and Achievements
Capacity Turnaround: At the time of the physical takeover on November 1, 2013, the plant was generating only 160 MW. Within just two years, Transcorp increased this by over 525%, reaching 620 MW by 2017.""


above states that Tony increase Ughelli capacity by 525% within two years of take over.

Not only that there was clear communication on intent by Tony all through the two years, is there any communication from Oando by now. i remember vividly that after the two years increase there was also clear communication by Tony that the target was 1000 and they will be partnering with GE to achieve same

let us continue to defend/ support mediocrityy/ cunningness/ greediness

mikeapollo:
Tell us if he did it in 12-18 months, immediately after he acquired it.
Transcorp Power transaction took place several years before now.

It is good to push Oando to do it, but I am not sure such was feasible in 12-18months considering the fact that it Is part of a larger set of assets acquired from NAOC

so the goal post has shifted from how to do it (as if it is impossible)? to how long did it took to do it (to it is possible but what time frame)

Okay ooooo. that will also soon cahnge becuase the information are in public domain

let us continue to defend/ support mediocrityy/ cunningness/ greediness

you have something that you have not fully exploited; barely exploiting 30-40% of its value then you go and buy an extra piece of the same thing. and start making media round to celebrate same.

its okayyyyyyyyyyyyyyyy

mikeapollo:
You may have solid points of concern.
just some curiosity:
If NAOC operated the power plants for several years and handed it over to Oando at only 300-350mw in Aug/Sep 2024, how do you expect Oando to move and almost triple the capacity to 960mw just after about 12-18months?

How did Tony increase the capacity of Ughelli?

Abeggiiii make una face front

Oando has not fully utilised the full 960MW capacity of Kwale-Okpai Power Plant but is going after / procuring another 60 MW turbine.

Bunch of unserious people. if they are serious, by now the utilisation of Kwale-Okpai Power Plant should have moved from the about 300-350 they took over from NAOC to its full capacity of 960 mw. Also talk should have been in place to spin it off as an entity standing alone on NGX thereby maximising its value and releasing some cashflow for Oando itself but i guess that is not immediately gratifying like the 60mw.

Unserious bunch.

[quote author=GeneralDae post=138962091]OANDO COMMENCES FINAL INSPECTIONS FOR 60MW GAS TURBINE

​Oando (formerly Nigerian Agip Oil Company) has mobilized personnel for a critical inspection of its gas manifold infrastructure.

This technical review is the final step required before releasing gas into the newly completed 60-megawatt gas turbine, ensuring all systems are primed for operational takeoff.

As the primary energy provider for the project, Oando’s successful "gas-in" process is the catalyst for the facility’s launch.

This milestone comes as Bayelsa State prepares for the official visit of President Bola Ahmed Tinubu, GCFR, who will formally commission the turbine along with several other signature projects in the coming days.

https://x.com/microsmoothie/status/2039380748130533553?s=46[/quote]

[quote author=GeneralDae post=138962091]OANDO COMMENCES FINAL INSPECTIONS FOR 60MW GAS TURBINE

​Oando (formerly Nigerian Agip Oil Company) has mobilized personnel for a critical inspection of its gas manifold infrastructure.

This technical review is the final step required before releasing gas into the newly completed 60-megawatt gas turbine, ensuring all systems are primed for operational takeoff.

As the primary energy provider for the project, Oando’s successful "gas-in" process is the catalyst for the facility’s launch.

This milestone comes as Bayelsa State prepares for the official visit of President Bola Ahmed Tinubu, GCFR, who will formally commission the turbine along with several other signature projects in the coming days.

https://x.com/microsmoothie/status/2039380748130533553?s=46[/quote]

alfajohn:
Please when will that be if you are in the know.

Na only Wale and SEC know that one.

megawealth01:
WALE push OANDO up so it can compete with ARADEL at least

That will be after we don finish our RI

mikeapollo:
The first was 1 for 12 (8.3% yield)
The second is approx. 2 for 29 (6.827%)

They miss the exact ratios and percentages in some fractions

Thank you Oga Mike. i got the ratios wrong.


but make dem sha let Wale breatheeeeeeeeeeeeeeeeeeee

megawealth01:
You don't know the HISTORY of OANDO na why

u wey know the history but i told you it will hover arnd 50 till the RI is done you are arguing then. has it left the 50 anchor yet??

i beg make una let wale breatheeeeeeeeeeeeeeee

megawealth01:
As in eh. Wale is up to something sha just that it can go anyways

Shey una wan kill Wale niiiiiii
make una let the poor boy breatheeeeeeeeeeeeeeeeeeeeeeeeee
EPS is 30
He has delivered a dividend yield of 16.35% for total 2025 FY, arguably the best on NGX for 2025FY.
he deliver interim dividend of 1 for 7 (8.3% yield)
then he delivered final dividend of 2 for 27 (7.4% yield)
una con still dey find another dividend, SHEY UNA WAN KILL AMMMMM. ABI MAKE HIN PAY WITH HIM BLOOD HABAAAAAAA

Nigerian banks should generally increase their payout ratio because that might help repricing towards EMEA/ African averages. The days of 15-25% payout ratio should be a thing of the past if we want to see better pricing. No better way to instill confidence in the numbers / AFS being churn other than a healthy payout ratio, otherwise the numbers/ AFS will be taken as "audio" and same will ultimately reflect in pricing.

Sunrisepebble:
For GT in bolded. Not really a surprise. N12.76 total div

This is what is called "Talk and do"

Sunrisepebble:
GTCO final dividend of N11.76k per share

hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

KarlTom:
OANDO

https://doclib.ngxgroup.com/Financial_NewsDocs/46430_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_MARCH_2026.pdf

"Forward looking" statement as usual. lolll

Sunrisepebble:
Whisper of 875k
NFA/DYOR

Any whisper per Access and UBA??

megawealth01:
WALE should clean am fast ⏩

ongoing

yMcy56:
GT widening the gap again....
GT @124
ZEE @109
As at now....

UBA @51

* The kind of billions flowing into these banking stocks though!
Hope we are safe in other sectors....😁

N11bn+ in ZENITH alone and as at now 😳

* ACCESS bank needs to step up the game and do nothing less than N40.....
Only one good news needed......maybe payment of good dividend

* Otedola & company should be warming up in FBNH

.

Recapitalisation is over (positive for risk) + dividend fever (even if little) = repricing

megawealth01:
Battle for FORBES na only Wale dey dull OANDO

No worry, d tin go do una like magic after ojt finish cleaning the book

megawealth01:
He doesn't know Wale na 😔

ok ooooo. i hear unaaaa

megawealth01:
If OANDO close full bid today then I assume Wale means business this time around...

We might then see wonders from the MM 😜

i dont think it is in his interest that the price should stray too far from 50 until the RI is concluded and bedded.

Only thereafter will/could the price then take of to then anchor debt to equity agreed price. so una still get longggggg way to go.

Bagwa:
Both 😃 KM 150

Apparently that will be after RI closed

Bagwa:
https://nairametrics.com/2026/03/02/opl-245-fg-splits-oil-block-for-eni-shell/

ENI Sold its 100% interest in Nigeria to Oando August 2024

Welcome back

[quote author=KarlTom post=138646620]OandO MM should take time o


it is in the interest of the MM and other vested parties for the price not to rise above 50 so they can corner the RI

megawealth01:
A BIG AMEN oooooo

I will be so happy if it sees #189

What is the 189 that you have been saying means? because na like so someone ( i think Bagwa) was mentioning 93 severally here during the last run only for it to be clear now that it was the price for the shares surrendered in place of debt and the reversal started around the price. Is the 189 the price for the proposed debt to equity deal?