₦airaland Forum

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

Streetinvestor2:
Abeg who be the non controlling interest that collects 31B from the total profit of 75 B from transcorp plc.Could it be the federal government

Mpeace:
even that note is made to confuse.
If you use 40billion to calculate the eps you may not get up to 2naira as eps.
If they actually used 40billion to do the calculation then using 10billiin we should have like 44naira as eps. That would be wonderful. Buy no be so...

Mpeace:
divide the profit after tax by the outstanding shares ad see the eps you get.
But I wish they did it with the 40billion. Na better money e go be.
Eps for the 9months should be like 7.5 naira. Still very good

KarlTom:
OandO. ±
ETERNA. ±
ARADEL. ±

KarlTom:
My final take on this:

- Have a minimum of three (3) years’ operating track record;
- Have a pre-tax profit from continuing operation of not less than N300million cumulatively for the last three (3) fiscal years and a minimum of N100 million in two (2) of these years;

Check the ff:
1. Listing requirements:
https://ngxgroup.com/exchange/raise-capital/listing-requirements/
2. NGX Rule Book:
https://ngxgroup.com/?wpdmdl=26399&ind=1605119440735

PS: DRL is not listing on its own so these rules do not apply absolutely

KarlTom:
SEC declined because of "non operational status of DRL" (which is quite understandable)...

mikeapollo:
Please, let us avoid this kind of comment; it is unnecessarily personal and could be seen as being petty.

It does not matter and it's no one's business whatever percentage anybody decides to invest as long as the person investing has not come to beg anyone here for his daily bread.
The person who has invested 1%; 50%, 70% or 100% etc. of his capital in any stocks may be a million times richer and wealthier than the person who is trying to mock him out of sheer ignorance, and sometimes absolute stupidity.

I know you are not the stupid type, even if a complete idiot is trying to make you his friend and seeking your company in his foolishness!

KarlTom:
If I may come in on DANGRICE.

A company (not a biz name as claimed) of such magnitude DEFINITELY has Private Investors with certain percentage holdings.
Let's say a total of $1bn was invested. If Alhaji were to list 10million shares of that company, it translates to 100 per share.

Now for DANGFOOD to be formed, a valuation of ALL the entities would have been done to ascertain the ratio...

Nigeria is a sane clime too...

MadmaxX489:
Scarcasm!
I bought at 6.18 and have sold and made 8 figures profits from Oando. Members are entitled to give an opinion on a stock but full disclosure regarding your bias should be made. The fact you don’t like the stock doesn’t mean it won’t make money for others.
On a lighter note you have dogged my question;

Please enlighten me with the facts at your disposal regarding Dangote rice Ltd that informed your opinion it was worth more than the other merging entities! Dangote rice wasn’t even in existence but Alhaji chose to play a fast one. In saner climes would Alhaji have been able to pull such trick just by registering a biz name and ascribing it some thin air valuation?

BabsO2:
The PO for Dangote Sugar was Monkey Hunting. But so many brokers praised it in the same way some praised Aradel and gave it a N1,200 valuation (NB: DS is a bigger MH than Aradel ) . Alhaji ripped off those that bought the Sugar IPO so don't mention because they are not Monkey Hunting. Aradel would have done the same on a lower scale than Alhaji, if not because of it's prior listing on NASD with many already in the know of the relatively bloated price.

mikeapollo:
I suspect they made a loss for HY2024, and are finding a way to delay the results until they release the HY2024 results. It is too early to insinuate that the cause is about the going concern or no going concern.

Look, the suspension of trading in the shares is even protecting Oando. The NGX should have allowed the share price to crash, and let people face the reality.
Sustaining the price at N89.65 is a favour being done to Oando and they are not deserving!

Willie2015:
Those guys knew...
BAT/ Presidency no send Alhaji....
If its a Northern Presidency...
There are ways to navigate issues easily...

Willie2015:
Commot DSR and Nascon
Cabals wont let Dangote see road...
Alhaji will do a comeback..
When the North has the Presidency
Until then... To thy tent . O Isreal

KarlTom:
A similar raally happened yesterday.

Abeg whoever is behind this rally should not stop o.

Infact, your strength (and funds) will not fail you ...

Payunsin:
Sold my Oando at 79 buying back at average price of ₦85.

I dey laugh mysef

yMcy56:
It's looking like they've seen the result..
Those buying are not on queue as such....