₦airaland Forum

Raider76:
I recall my post above on people bullish on Aradel. This was when it was above 600. I still believe it got highly over priced at NASD due to the tremendous level market sentiment created.

The issue of the uncertainty surrounding the proposed acquisition of Shell assets alone should make one cautious of the stock. Even though of recent there are indications of wavering on the part of government, probably showing the level of lobbying, and "Ejoor Sir", going on. You wonder how a regulator that withheld consent because they assessed the companies acquiring the assets as incapable of managing the assets will now say they are reconsidering. Can the companies acquire that competency overnight?

KarlTom:
UBA moneybags reloaded...

this RI will be loud

Willie2015:
D gbas gbos we dey NSEMPA
Dis Tinubu era...
Na die ooo

Agbalowomeri:
Cowboys and administrative expenses 5&6

Agbalowomeri:
Bang or banga?

Raider76:
Oando Q1 and Q2 2024 results released


https://doclib.ngxgroup.com/Financial_NewsDocs/42583_OANDO_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_NOVEMBER_2024.pdf


https://doclib.ngxgroup.com/Financial_NewsDocs/42584_OANDO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_NOVEMBER_2024.pdf

emmanuelewumi:
Guess you grew up with awon agba,

KarlTom:
"The pigeon told the dove to fly away, but the dove ignored the warning. It is only when the dove got caught that it realized the pigeon had given a fair warning. Because a bird understands the language of another bird, it should heed the warning when danger approaches..."

pluto09:
How I wish many here can lay their hands on oando discussion in the defunct 'stock market Nigeria '

Agbalowomeri:
Oando matter crashed our former platform "Stock market Nigeria". Una wan use Oando matter crash this forum too. Issokai

megawealth01:
Na link I share I no talk anything oooo

Streetinvestor2:
The 2023 results is a good sign.i never looked at oando results in the past before going in.The results if it is genuine without manipulation. Then it is a company working hard to turn things around for good.
The management should work on thr personal integrity in the eyes of investors.
The remaining quater results will still show better improvement for income mostly forex gain which boosted 2023 results. In other comprehensive income
It will hit 100 plus when suspension is lifted soon.
I just took malaria injection it is making me see figures double @ osita.
I pray thr is no manipulation in the results for any reason as oga Emma said they changed auditors to lower firm.

bovali:
My Opinion o. High Level Summary:
Active Engagement With Equity Investors
- [ ] Equity Injection Plan: The company has plans for equity raising through strategic investors to provide a much-needed boost to its capital base. Management has indicated that agreements with potential equity partners are under negotiation, but they remain cautiously optimistic about the timeline and outcomes of these talks. They plan to leverage these potential capital injections to maintain liquidity and avoid disruptions to operations

Debt and Liability Management:

- [ ] Medium-Term Loan (MTL) Renegotiation: Oando successfully renegotiated its MTL to include an 18-month moratorium and a revised four-year repayment schedule. This restructuring was aimed at easing immediate repayment pressures and stabilizing the company’s cash flow. The settlement of outstanding interest and fees by October 27, 2024, is a key condition to avoiding default.
- [ ] Debt Structuring and Pledges: Oando has pledged various security interests as part of its debt agreements, including a fixed and floating charge on assets. This move reinforces lender confidence and aligns with the company’s strategy to secure refinancing
- [ ] High Finance Costs: Finance costs remain a significant burden, contributing to a net finance cost of N116.5 billion in 2023. This increase from N81.6 billion in 2022 underscores the impact of high-interest borrowings

Strategic Acquisitions and Investments:

- [ ] Acquisition of NAOC Working Interest: Oando completed the acquisition of Nigerian Agip Oil Company’s (NAOC) working interest in OML 60 – 63. This acquisition is part of its upstream growth strategy and has implications for increased revenue and asset base
- [ ] Deferred Payment Structure: The company also secured a share purchase agreement for a 55% equity stake in Lakel Afrik Petroleum Limited, featuring a deferred payment model. This strategic investment aims to support future growth while managing current cash outflows

Going Concern and Financial Sustainability:

- [ ] Material Uncertainty: The financial statement highlights significant doubt regarding Oando’s ability to continue as a going concern due to its negative equity, consistent net losses, and a working capital deficit projected to reach N3 trillion by year-end 2024
- [ ] Planned Funding Solutions: To address these challenges, management plans to complete an equity raise and issue bonds totaling N1.5 trillion. This funding is crucial to bridging the projected funding gap and supporting ongoing operations

Observed Financial and Operational Performance:

- [ ] Revenue Growth: Revenue has shown a substantial increase to N2.85 trillion in 2023 from N1.99 trillion in 2022, attributed to improved trading and upstream operations
- [ ] Operating Profit: The operating profit rose sharply to N218.3 billion in 2023, signaling better operational efficiencies compared to N20.6 billion in 2022
- [ ] Net Loss Position: Despite increased revenues and operating profits, net losses widened to N216.2 billion in 2023 from N41.7 billion in 2022, largely due to rising finance costs and accrued liabilities

Improvement Areas:

- [ ] Debt Management: Continued focus on restructuring and reducing finance costs is essential to ensure sustainable profitability and financial health.
- [ ] Equity Strategy Execution: The successful conclusion of equity discussions and securing investor commitments will be pivotal in restoring financial stability.
- [ ] Cost Optimization: Enhanced cost management, particularly related to interest-bearing debt, will aid in reducing financial strain

My 2 cents (On the issue of going concern, if they were going to fail, lenders would not be approving new loans or agree to restructure . See the bigger picture ❤️&💡

yMcy56:
OANDO PRESS RELEASE
https://doclib.ngxgroup.com/Financial_NewsDocs/42576_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_NOVEMBER_2024.pdf

GeeKudi:
But, how does he keep getting away with stuff like this? I mean, even within the business circle?

KarlTom:
Something is definitely brewing in UBA.

These volumes are not ordinary...

Streetinvestor2:
Lol.i don't think anyone casted the first stone.I only confirmed to you that it is a crime and open secret. You are not the first to be using it here and won't be the last.Even the companies do leak it themselves sometimes to manipulate thr share price to achieve something which I believe was what happened in aradel before moving to nse.I could equally be wrong on aradel

KarlTom:
OandO. ± *
ETERNA. ±
ARADEL. ±

KarlTom:
All these 'night school' traders

KarlTom:
I fully understand the dos and donts of insider trading...
I said 'act' (decode as you deem fit)
I'm trying to understand DrAwo

KarlTom:
Do you care to explain Dr?

If I work in SEC and a memo of an equity I am interested in gets to my table. Are you saying that I am not supposed to act on that information?

I am open to learn sir

Streetinvestor2:
I was using pe maths in mind.i was looking at pe of 15 with conservative eps for full yr at #5.5

Streetinvestor2:
The 4.4 can not be gross.The 4.4 is effective of reconstruction of 40 billion os to 10billion.The eps for 40B os is 1.10.And if you multiple by 4 it will give 4.4.That is why I was projecting #5.5 to #6 for full year at 10b os.The actually profit was 75B minus 31 B (non controlling interest) which brought it down to 44b plus used to divide 40b os to get 1.1 eps

Streetinvestor2:
This can not be true. The non controlling guys have already taken thr 31B from the total 75B money. So what other controlling interest is thr

Streetinvestor2:
ok.it is still a good results. That means with this 10B OS, Transcorp can hit between #5.5 -#6.00 eps by full yr result. That means the stock is on its way to #80 and above organically. Then with Tony behind the screen imput it can hit #100 And above too

robobo:
Oga Mpeace

i dont understand you oooo

it is N44.87bn (PAT) divide by 40.65 (outstanding shares) give N1.10 (110k)


abi my night school maths teacher don teach me nonsense niiiii. make i go collect my papa hard earned money back from him