₦airaland Forum

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

subsidiaries of transcorp that generates those figures are not fully owned by them.

so the non controlling interest are the co owners of their subisidiaries

e.g. Trans power is 51% transcorp and 49% others meaning of all the profit from the Transpower only 51% is owned by Trancorp

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...

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

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

check note 26 in page 23

KarlTom:
OandO. ±
ETERNA. ±
ARADEL. ±

the person wey loss and the person wey die don finally meet each other

eni to ku ati eni to sonu ti pade

lollllllllllllllllllllllllllllllllllllllllllllllllllllllllll

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

Oga Karl i beg naaaaa

even if it was because of above and no more ($1 bn money poured into the company)

the night school question i would ask is

Doesnt Alhaji know the above with a retinue of lawyers / professional at his beck and call and also know that Dang Rice does not meet same?

my point all this while is "its a jungle and we are all predators. though some predators might be benevolent/benign (like Alhaji) while some might be vicious (like WT/ OJT)

the above also apply to comments / recommendations here and no one should try deny that (inclusive of myself) or else den its evil.

all comments/recommendation here are to further a cause (make a point known which could possibly influence thinking/decisioning of others)

the differentiating factor is intentions (some do it knowing what they are sharing is false or at best bending a fact to suit their narratives (i.e. vicious)

while other do to it by just laying what they believe to be THEIR OWN TRUTH hence each can make his/her own inference i.e. benevolent)

Selah

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

My Oga "non operational status of DRL" this what we call "high faluttin language".

if money dey the company even if not operational he go dey the company account for bank (abi no be sooooo)

i beg money no dey is simply na money no dey.

lollllllllllllllllllllllllllllllllllllllllll

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!

Default setting. lollllllllllllllllllllllllllllllllllllllll

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...

Oga Karl i beg naaaaaaa

if Alhaji put any amount there ($1b or not) why was it hard for him to convince SEC that the money is in the firm coffers ( either as fixed asset or as current asset)

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?

Lolllllllllllllllllllllllllllllllllllllllllllll My broda i say we go all dey alright las las

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.

we go all dey alright las las. lollllllllllllllllllllllllllllll

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!

lollllll. the more you look the less you see

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

ok ooooo but i dont believe it would help in anyway since they would all be from the same side of town

what would help is a presidency that has his interest at heart (whether north or south) at least one of the best (if not outrightly the best) presidency for him was OBJ (south)

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

but a good number of the coy he sued / said their licence should be withdrawn are owned by northeners, so how would the above help?

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 ...

dont worry it would continue until it get to the desired price for RI.

i think the RI is very much around the corner

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

I dey laugh mysef

abi na u be d pot belle man wey dey mop up, wey we dey think say exam don leak?

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

hmmmmm smart babe

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

hmmmmm Smart babe

yMcy56:
It's looking like they've seen the result....

hmmm dis one don dey pass IGG oooooooooooo


make hin sha cross 100 dis time ooooooo

if not den the wait would not have been worth it

yMcy56:
OANDO
Moving gradually in market....
Is result around the corner?

he be like say some people don see orijo/odu. exam don leak.

or na IGG (initial gra gra)

Sunrisepebble:
Why not just a VWAP like NASD. Total value divided by total volume traded to determine closing price. That’s the best measure of demand and supply in the market in my opinion.

My Oga na night school i gooooo i no know VWAP. but if u a talking about volume weighted average price i think that i would agree with you because it takes care of the noises. Anyhow make them just look at the rule

vefexam:
Do you have any idea how NYSE does there pricing, cos i don't believe its the same with NSX

i believe acumulative volume should move stock prices eg accumulative 100k unit at any price should move that price.

i dont have any idea. my money neva reach dat one. when i grow up reach your level mayb i would have a look

BabsO2:
Strange no buyer or market maker is ready to pay N56.2m to bring the price down. More that 100k units are available on offer for doing this.

And then lose N5.62m the next day? if na u shey u go gree

the rule need to be really looked at in terms of price (both High prices and low prices)

e.g. if price is above a certain level 50 /100 or whatever it should require less units to move while for very low prices (penny stock) the units should be higher (this could also help with pumping)

My thought

OakPearl:
If I was a newbie you claim to be “protecting or advising”, and you keep sounding like this endlessly, I’d be worried about the veracity of your “be wise” mantra.

,

Bagwa:
No any serious court case again,Wale and Co already accumulated alot of Oando at lower price below 10 Naira while you are afraid of delisting. They fought for it behind the scenes.

You will never see any official court sitting announcement again

There should actually be an official court sitting announcement where the case should be official withdrawn or dismissed.

Anything short of that would be WT keeping to his unclean way, because it only leaves a backdoor that can later be exploited.

ositadima1:
Based on the link posted by Mcy56 (she leaked the forward documents not me incase you are prosecutor ), does this make sense? Am I missing something?

At the rate we are going Oando might not need to release any result again

Me i don permutate equity value (or na shareholder funds sef i no know)

Osita don do P&L

e remain who go do cashflow oooooooo



God is watching all of us

it is actually looking like signalling

Sunrisepebble:
Oil and Gas companies share price performance since BAT assumed office
Upstream
Seplat: +276%
Aradel: +4868%
Oando: +1,193

Downstream
Conoil: +218%
Total: +147%
Eterna: +328%
MRS: +225%

Hmmmm the percentage gain of Aradel is 4 times more than Oando. its okkkk

yMcy56:
Lol
See the valuation of your so called "Yahoo Oil"
I know you'll term it as media hype again....
Kwantinu....in Patience voice....😁
Just try not to miss any rally that may show again...

https://www.thisdaylive.com/index.php/2024/10/02/oando-emerges-first-nigerian-ioc-valuation-hits-4-billion/#:~:text=With%20its%20operations%20outside%20the,International%20Oil%20Company%20(IOC)

"It has a Certified Professional Reserves Report (CPR) from D&M, the second largest in the world, which has also been auditing ENI/NAOC, Chevron, Shell and other oil Majors for decades.

With the CPR indicating Gross Recoverable 2p reserves on original 20 per cent Certificate of Proficiency (CoP) stake and new NAOC 20 per cent stake Net Present Value (NPV), (10 per cent is $2 billion respectively), total value of the company has now hit $4 billion, that is, before deduction of acquisition debt of the newly acquired company plus legacy debt.

When appropriate discounts are applied, including working capital, Actual Net Asset Value (NAV) of company, less all long term debt, equity value is about $3 billion."


so Oando don dey release result without releasing result hmmm na wa ooo

Net equity value of $3b (after deducting all debt/ liabilities) hmmmmm which equals N4.8 trillion

meaning at 12b outstanding shares equity value is N400/share

God is watching all of us on 5D


Is this signalling?

Choiceguy:
The only bank that paid 200k int.dividend is stanbic and it is trading for N57

it takes more than N2 dividend to trade at N57

Omooloriredade:
You mean some people saying Oando should focus on their upstream business and not dabble into a risky refinery business led to some others being discouraged and missing the rally? The same upstream business that was the catalyst for the rally?




https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/

This one?

In my opinion, still not the best move for Oando. Consolidate your Upstream business and clean up your books first. There is money to be made in Upstream liquids and Gas.

Oando is late to the party. Dangote has some positives - brand new refinery, latest technology, economies of scale, largest in the region. They will just be able to squeeze out their desired margin.

Sometimes it is better to buy a brand new car than buy a very old Mercedes benz. The benz might send you to an early grave.

Read this one too:
https://www.guardian.co.tt/business/petrotrin-refinery-attracts-nine-new-proposals-6.2.2051474.3eb2e1115c

Disclaimer - Please it's just my opinion. May be it's because I just find the refinery business too risky. Operations management must be best in class to make money.

you nailed it perfectly. Seems Wale had forgotten/ never learnt anything per his misadventure on Conoco (buying at the height of the market cycle/price with no operatorship included in the buy) which nearly sent him to oblivion, safe for the asset stripping he had to do to get some breather, all in a bid to feed personal EGO which was then (during conococ) Czar of African intergrated energy company which is now czar of African international IOC. May unneccessary ego never sent us to oblivion.

[quote author=Sunrisepebble post=132222700][/quote]Thank you

Sunrisepebble:
These UBA financials are not good at all. ROE down 8%, made huge derivative losses.

Hello Chief, Please point me to where the derivatives losses are, i can only see the net trading and foreign exchange gain of 98,179

BabsO2:
But debt is not the biggest item in Uche's liabilities. But provisions for the school he opened with his side-chick to settle omo-onile as well as provision he made for removing his business when he retires. He infact has not spent the provision but set aside the money on paper. Yet his JV school and assets are generating surplus cash. He pays his bankers, employees and contractors as when due and still had surplus cash.

Uched has no need for recapitalization to run current business. He only needs more money to fund new diamond mining assets he just acquired.

lolllllllllllllllllllllllllllllllllllll

I am loving this comic relief to the serious business of company valuation