₦airaland Forum

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...

now i see the reason why it moved up to 91-92 at some point during the recent past

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)

yMcy56:
Turn of the cements in market.....
* Could it be that a new investor is coming onboard DANGCEM?......or, another tranche of share buy is closed by?
- over N1.6bn expended on DANGCEM so far...
-- Yet to move officially......

* WAPCO
Over N2.2bn in transactions so far......

* BUACEMENT
Showing momentum already.......
@160 as at now

WAPCO

Court case or Q3 result or is it both?

Shalom428:
Insightful

Quite insightful, which makes one wonder if the team responsible for the tax reform did have DEEP engagements with major market operators before enactment or they just dont care (typical Nigerian elite ways) believing they will go ahead anyways, then if it (25% CGT) breaks something (dry up the market) then they will rush and fix a band aid ( a rushed amendment through the National Assembly).

DeRuggedProff:
Here is the prompt:

Thank you Prof. i am reallyy grateful

DeRuggedProff:
Excellent — I’ve extracted the core financials from Oando Plc’s Q2 2025 report. Let’s execute a military‑grade forensic breakdown across your requested 13 fronts. This will be long and highly detailed.

.

De Prof i will grateful if you can be kind enough to share the prompt that generated the above.

ositadima1:
Not too bad. I think they have very large receivables — they sold a lot on credit. If they can collect before year-end, they’ll be fine. Over ₦130 billion in receivables.

I guess you wanted to qoute 430 billion. check the notes in 11.1 (extract below) the bulk of the loan relates to Transpower (a subsidiary) which should benefit from the impending settlement of over 4 trillion power debt waiting to be securitised (via bond) by the FG

"A significant portion of the trade receivable relates to receivable from the NigerianBulkElectricityTradingPlcwhich is the regulatory body for the power business in Nigeria."

DeRuggedProff:
My ChatGpt prompt whenever an earnings report is released :
*ChatGpt Finance Prompt:*
Give me a full detailed and forensic financial and investment analysis of the attached results here. Cover in details the income statement, balance sheet, cash flow, profitability, liquidity, solvency, and valuation ratios. Compare it with industry benchmarks and historical performance. Conclude with a buy, sell, or hold recommendation, with clear reasoning. Peruse in details all the notes in the financial statement and indicate all red flags.
Determine the fair price based on this attached result using at least three most standard valuation models.
Include recent corporate actions or capital raises.
Assess dividend sustainability.
Factor in macroeconomic risks like FX and inflation.
Include chart patterns or breakout signals if possible.
Determine if there is any window dressing of this results. Fish out all grey areas.

I applied this prompt to the current Oando results. See below what I got in response:

Thank you

opaclem:
🏢 Oando Plc – Q1 2025 Financial Summary

Reporting Period: January – March 2025
Prepared by: ChatGPT
Date: June 24, 2025

---

📊 Financial Highlights (Q1 2025 vs Q1 2024)

Metric Q1 2025 Q1 2024 YoY Change

Revenue ₦932.6 billion ₦915.4 billion +1.9%
Gross Profit ₦85.4 billion ₦31.4 billion +172%
Operating Profit ₦(120.3) billion ₦117.2 billion ▼ Negative
Finance Income ₦149.6 billion ₦8.2 billion +1,721%
Profit Before Tax ₦(52.6) billion ₦70.3 billion ▼ Negative
Tax Credit ₦165.6 billion ₦(11.0) billion ▲
Net Profit (PAT) ₦113.1 billion ₦59.3 billion +90.5%
EPS (Basic & Diluted) ₦9.00 ₦5.00 +80%



---

💰 Balance Sheet Snapshot (as of March 2025)

Item Q1 2025 FY 2024 Change

Total Assets ₦6.83 trillion ₦6.43 trillion +₦400bn
Total Liabilities ₦7.07 trillion ₦6.80 trillion +₦270bn
Total Equity ₦(240.1) billion ₦(361.0) billion ▲ ₦121bn
Cash & Equivalents ₦303.9 billion ₦221.8 billion +37%
Total Borrowings ₦3.04 trillion ₦2.77 trillion +₦270bn



---

🎯 Valuation (based on EPS ₦9)

P/E Ratio Fair Price Estimate

5× ₦45
7× ₦63
8× ₦72
10× ₦90


Estimated Fair Value Range: ₦45 – ₦72
Current Market Price: ~₦62


---

🧠 Strategic Recommendation

Short-Term Traders: ✅ Hold or ride momentum while technicals are strong.

Long-Term Investors: ⚠️ Exercise caution. Although EPS has surged, core operations remain further. loss-making. Wait for consistent operating profit and reduced leverage before accumulating

Good day chief

I will appreciate if you can please oblige the prompt use for above

Olaide1295:
There’s a renaissance capital document that explains it.
GT seems to be safest. Fidelity, FirstHoldCo, Zenith, UBA
, Access are affected in that order.

Chief, i wld appreciate if can be kind enough to share the full report

Thank you for this. The best insight so far

KarlTom:
There is a share purchase agreement in place since 1 December 2024.

Invariably, this implies that the incoming owners will have a say in certain matters affecting the company...

If you were HUAXIN, you won't really leave HOLCIM to unilaterally decide the DIV payout, would you?

the purchase document shared when the news broke specifically has a condition that stated that value at negotiation (Dec 2023) would be maintained.

so how is value created after 2023 should be there concern.

i beg i no get strength, i never chop or you go buy lunch for me

like i said i don face front

Sunrisepebble:
New owners want to preserve cash which is expected, but with potential FY results they could have easily paid even N2

How can new owners want to preserve the cash of a company that they are yet to own, which they negotiated at 2023 value and then because of that want to partake/ share in profit made in 2024 when they are yet to pay/take over?

it is only here that such happenssssss

i beg make i face front

Fundlocator:
How will that happen?
Grab it from shareholders?
They would make new offer into Oando after a memo has been released?
Based on the released memo, Oando does not have the Unilateral power to
withdraw the offer again.
Should new investors need to invest, management would relinquish some of their stake,
if they feel they need such investment.

Wale no go even try am, after wetin hin see for Mangal and Volpi hand? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

lolllllllllllllllllllllllllllllllll

Fundlocator:
How will that happen?
Grab it from shareholders?
They would make new offer into Oando after a memo has been released?
Based on the released memo, Oando does not have the Unilateral power to
withdraw the offer again.
Should new investors need to invest, management would relinquish some of their stake,
if they feel they need such investment.

Wale no go even try am, after wetin hin see for Mangal and Volpi hand

lolllllllllllllllllllllllllllllllll

Streetinvestor2:
I am ok with how ever they want to redistribution it.I have converted to long than 5 yrs investment. If he had decided not to redistribution and shareholders still get default in debt .what would you have done.All those bad loans banks wrote off in shareholders fund in the past yrs like fbn.what could you do.
He has done well in this one for shareholders. If he had gone ahead to delist at #7 plus .what would you have done.
When I see good I will appreciate

Very apt. if you coming from zero and you get to 1 that is 100% gain though in absolute term it might look very small (base effect)


Wale is actually betting on the performance of the coy going forward. my reading is that tranche 1 wont be distributed until after June 30th (meaning distribution would be same 1 for 12) while tranche 2 of part 1 might not be distributed until end of FY 2025 hence each distribution would be acting like a dividend and will be timed to coincide with release of result.

hmmmmmmm. Cunny man die cunny man bury am

mikeapollo:
Lol!
I didn't mean it in that context
I pray that God grants all of us good health. Without a good healthy life, none of our investments is safe.
I pray none of us will experience any health or other emergency that could push or compel us to sell off our stocks prematurely to incur losses.

Amen ooooo

mikeapollo:
You will not lose anything if you buy Oando at your bargain price and qualify for the share redistribution.
The prospects are bright but one has to be patient for the long wait and in good health, God willing.

i beg Oga Mike, make u no injure meeee oooooo

so make people wey no get good health no buy oando abiiiiiiiiii

lolllllllllllllllllllllllll

KarlTom:
I think 10,048,237,955 units were 'added' (see Pg 32)...

Probably part of the recapitalization drive

Hello Chief

can you please oblige me the copy (or link) of the result which you have that extend to page 32 (and mayb more). the version i have stops at page 31.

KarlTom:
Don't loud it...

People wey sabi, sabi

zendi:
Oando sits on a huge chunk of OPEC's oil reserve;
Has Africa's most important Top Guy as Godfather;
Is languishing under N200, waiting to make somebody rich.

Oando is the world's greatest baby stock.

Not investment advice.

https://www.thisdaylive.com/index.php/2025/01/27/wale-tinubu-oando-has-over-a-billion-barrels-of-oil-reserves/

All this one na English. If what sunrise say turn out to be true then it is to their tent o Israel

Sunrisepebble:
Oando is out. A loss in Q4

I beg make dem just hold d tin till late on Friday so that the vexation to dump am go reduce small over the weekend

Sunrisepebble:
Oando is out. A loss in Q4

🤣🤣🤣🤣🤣

Shegeeee. I just dey laugh myself if na true but as per say naa sunrise yarn am. There's a higher probability its true.

Shegeeee

🤣🤣🤣🤣🤣🤣🤣

pluto09:
Can zenith and GTB pay a dividend of N7 to N8

i conservatively believe they can do cumulative (interim +final) of 5 which at today price i believe still compare favorably with recent years div yield

pluto09:
I want to believe they will still be cheap for a long time unless they ramp up dividend payments to match their bogus earnings.
The sector has arguably been the one with best dividend yield in recent years but that might not be the case this year.

Chief what is your reasoning behind bolded?

nosa2:
I expect the cheapness to be around for another year or two but it will end eventually. Either it ends or Nigeria ends in a civil war.

ok chief two years is fair enough (medium term). Na that civil war own make he no happen biko.

nosa2:
Incredibly daft economic/ monetary policies, insecurity in the country, COVID and high rates in other countries.

That's my view

hmmmmm

Incredibly daft economic/ monetary policies, (this is an ongoing target and may never be met, even the Feds/BOE are sometimes wrong)

insecurity in the country, (50/50, while in my opinion this is not deteriorating further than it was 6 yerars ago, it has also not appreciate better than it, we have just learn to kind of live with it)

COVID (resolved)

high rates in other countries. (moving target but easing compared to previous years)

overall ambivalent meaning we might still need to tarry a little (kind if medium term) if there would be any correction to this anomaly/mispricing

emmanuelewumi:
They have been dirt cheap for the past 6 years, it was in 2006 that Price Book Value of 3 and above was the norm for them

and they can be for longerrrrrrrrrrrrrrr

what i would want to tease out of this discourse is what are the triggers to look out for that would help correct this anomaly/mispricing.

or what are the drivers/ factors that brought the said situation (anomaly/mispricing) 6 years ago? ? ? ? ? ?

megawealth01:
We must move by force by fire

no mind am hin mate they release better result to move na news item hin dey release everyday like CNN

the guy don kolo walahiiiiii

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. ±

person wey die and person wey lost don meet again

ositadima1:
Some premises make developing markets like Nigeria interesting.

[i]Market Structure:
- The market lacks complex derivatives and hedging tools that fragment trading in developed markets. This means when someone wants to take a position, they often have to do it directly in the stock.

- With fewer institutional players and automated systems, large trades are more likely to represent actual investment decisions rather than technical rebalancing.

-
Copied...

Nice read Chief

Personal opinion or extract from a write up?

if write up can you kindly oblige source?

chimex38:
2027 Ending
After dem don acquire CBN

lollllllllllllllllllll wicked man.