₦airaland Forum

hisexcellency34:
The company's share price has been on standstill after the terrorism funding admission

Hello Boss

Kindly enlighten me on this. Was Wapco linked to terror funding?

BabsO2:
Tony is doing well. He will be chairing two critical meetings next week Thursday and Friday - UBA and Transcorp respectively. Waiting for the good results that will propel the share prices comfortably above N20 and N7 respectively.

UBA has dusted FBNH and ACCESS behind for good.

Let the major shareholders collect all the FBNH rights at N15.5. That will be a new price resistance level for FBNH till a proper turnaround takes place there.

UBA is finding a twin to pair

robobo:
really i dont understand how anyone that is holding this stock would sell it for less than 25 (half PBV)

Although it might look like the current performance would not be sustainable given that the major component ( revaluation) is one off but i beg to differ.

On a back of the envelope basis, my take is that UBA EPS going forward would sustain the upward of N8 per share going forward even without revaluation. The revaluation alone add over N800b to the bank asset which if invested in TB at average of 13% is over N100bn profit per year (without any cost) to the bank bottom line i.e. about 3.50 per share which if added to the normalised EPS (before revaluation) of about 4.5 per share would give about N8 per share going forward even without revaluation. Please note that this view goes beyond 2023 to as much as 3-4 years ahead (bar any major mishap from the management)

if 35% of the N8 per share is paid as dividend one would expect a dividend of at least N2.50 (both interim and final) which at N25 per share is a yield of at least 10%.

so i dont understand how any one would want to sell below N25, but to each mallam his kettle.

Selah

.

..

Phlinx:
lol you guys are funny...that I'm Wale Tinubu


@robobo you didn't read carefully. Take:

OODP, the primary shareholder, is initiating a strategic plan to acquire all outstanding shares held by minority stakeholders, offering a scheme consideration that is 58 percent higher than the last traded share price of Oando. This move will lead to the delisting of Oando’s shares from the Nigerian Exchange and the Johannesburg Stock Exchange.

https://thenewsnigeria.com.ng/2023/09/11/champion-extraordinaire-oando-boss-wale-tinubus-new-mega-deal/

Oga if na that one den na wrong figure u catch. the 58% was when the buyout offer was announced and oando was trading around 4.5-5

Mpeace:
Do not underestimate the calibre of people in this forum.
The guy might just be Wale himself or someone close.
Just like I dey suspect Mcy to be either Elumelu wife or Dangote pikin. Lol

i no kuku dey underestimate ooooo

i just wan use style send am back to dem wey give am the inside info say Street no go accept that amount at allllllllllllllllllllllllllllllllllllllll

Phlinx:
The Oando bull of the past few weeks is over. Oando is now "falling in line" with the rest of the market.
However, I think the offer of N7.07 for all outstanding shares is no longer feasible there is a new offer already in the works to be proposed by management.
The new offer should be in the region of N12.15.

You can refer to the article below:

https://thenewsnigeria.com.ng/2023/09/11/champion-extraordinaire-oando-boss-wale-tinubus-new-mega-deal/

no where in the write up is the new offer of N12.15 mentioned

is this an inside information or personal speculations?

Zagee:
Good to see you have displayed the Scheme of Arrangement.

#AllEyesOnTheJudiciary? No?

There is no eye on judiciary

The court is not a father christmas that gift what is not asked for by litigants

so it was what was asked for by the 14 minority that the court granted

the question is doesn't the 14 minority know what the NGX /SEC rules says before they shortchanged themselves


I said it several months ago that the only thing that can stop Wale from this shananigan is a counter court directives / injunction

mikeapollo:
Wale is not the only lawyer in Nigeria. Many of the shareholders are also lawyers.
Lawyers do lose cases in court!

Oga dont count on it.

check my previous post when the buyout first broke several moons back for insight.

but i would be happy if you can PERSONALLY implement the litigation on behalf of other shareholders.

Selah

megawealth01:
OANDO matter eh... Una go explain tire... For now it's either you are investing or gambling

Wale na lawyer oooooo and i doubt if he can be beaten in this game.

una go soon see one part of the constitution wey dem go take counter una nowwww

Tpharell:
Where is your source vacanci?

the operative sentence is " six (6) months immediately preceding the date on which the notice of the AGM/EGM"

has the date of the AGM/EGM been decided yet?

if so count 6 months before then

if not then wait till date is notified and count 6 months before that date

kolaish:
The koko (highlight) of Oando is the 2022 audited result, which they have refused to release. It is that result that will disclose how much they made from disposing over 200 oando outlets to NNPC.

Let me also add that the 6 months H1 2023 would also be significant because of revaluations (for a glimpse, the only reason it declared profit in 2021 is revaluations gain). The coy is an upstream player that hold quite a number of its assets (fixed and variables) in USD, and if what happened to the banks is an indicator then that could be substantial. Although, the caveat in this case would be that whatever gain from this would not be cashflow backed because the asset being revalued would be physical (and not liquid cash like banks), nonetheless it should help repair its damaged balance sheet.

But would Wale release the result? i sincerely doubt if his intention is to delist.

Selah

BabsO2:
Perhaps also to give more time to release 2022 audited and 2023 quarterlies.

If Wale release 2022 FY and half year 2023 result before the delisting price is discussed at agm/egm that means he is not interested in the delisting

BabsO2:
Looks like that may be the reason the big bids dropped. Leaving offers to out number bids.

i say Wale go give some people hypertension.

them neva know who dem dey follow deal

Shege pro max 2

Tpharell:
I don’t think the minority shareholders will be saying anything. Oando will report to the court on its compliance with its order

which compliance are they reporting on? They have offered something (7.07) but not called a meeting for the minority to accept or reject, so where is the compliance?

crownprince2017:
Oando on full offer, who get mind to enter.

Wale is messing with people's mind

Payunsin:
The 14 minority shareholders that went to court has already sold their shares during the last rally. No case to answer again.
Shareholders left are like me who is gambling on the long term prospects of Oando.
I see N25 in near term

Oga i beg no let me fight you oooooo

what is N25 ?

After 10 years in Wale dungeon

i beg na N65 we dey look as advised by Oga Zageee

Zagee:
The Greasley bear is the 16.50. You break that wall its all the way to 65 going by TA. But if indeed the leopard still refuse to change spot, 7.07 is the surest reality

I don buy multi pronged spear + plus multi dimensional bludgeon this time around, we must kill the bear at that junction because if you have been in Oando prison for a decade (a full ten year faa) then the only thing that could appease one’s soul is that 65 junction.

Streetinvestor2:
I like this question and equally interested in the answer. It get why

Na we wey don dey locked up for about a decade now dey ask that kind question

Oando go show people shege for this Second Era (First Era na Conocophillips) of NAOC



SECOND ERA

Act 1 Scene 2 just started yesterday

Oando na season film una no go wait watch am finish

essentialone:
Oando on Full Bid at 9.45

The second missionary journey

I beg TA people where should we be expecting deep pull back this time?

Is it 40 or 50 or 100


lollllllllllllllllllllllllllll

i beg ooooo

make dem dis Oando people stop messing with people mind with this topsy turvy movement ooooo

mental health is crucial ooooooo

lollllllllllllll

Ta lo laya kowa wo

OOOOO

Who get mind make hin come enter

OOOOO

BabsO2:
Going forward the EPS in Naira terms should be higher if the FX assets are working and not impaired. So if we do not see a step up in Q3 income streams it should suggest something is not right. If the income streams stay up from Q3, Q4 and 2024Q's then UBA has turned into a new beautiful chapter.

it might not immediately reflect in Q3 2023 but i would rather be patience to see the impact (of the addition to asset from revaluation) from q4/2023 to q1 2024, hence my statement that my view goes beyond 2023.

BabsO2:
Comprehensive income per share which ends up in shareholder funds was even higher at N23.43 per share

UBA BVPS jumped from N 25.494 to N 48.58 (Dec 2022 vs Jun2023) !!

really i dont understand how anyone that is holding this stock would sell it for less than 25 (half PBV)

Although it might look like the current performance would not be sustainable given that the major component ( revaluation) is one off but i beg to differ.

On a back of the envelope basis, my take is that UBA EPS going forward would sustain the upward of N8 per share going forward even without revaluation. The revaluation alone add over N800b to the bank asset which if invested in TB at average of 13% is over N100bn profit per year (without any cost) to the bank bottom line i.e. about 3.50 per share which if added to the normalised EPS (before revaluation) of about 4.5 per share would give about N8 per share going forward even without revaluation. Please note that this view goes beyond 2023 to as much as 3-4 years ahead (bar any major mishap from the management)

if 35% of the N8 per share is paid as dividend one would expect a dividend of at least N2.50 (both interim and final) which at N25 per share is a yield of at least 10%.

so i dont understand how any one would want to sell below N25, but to each mallam his kettle.

Selah

currentprice:
what am i seeing self.. UBA declared eps that is higher than gtb and zenith

Boss it is to be expected. the more you have foreign operations the more the revaluation (that is one side of it) the other side of it is the extent of dollar liquidity on your balance sheet

Jenny008:
It looks like I am going to go in at 14 NGN, can't find any offer below 14, is N14 a fair price for UCAP?

Chief tarry a while and dont be in a hurry

when you want to go into the market for medium - long term you just dont dive into the pool in one swoop, instead you go in bit by bit.

have a time spread for going in (say a week / two or month)

have a price range for the stock you want to buy (say btw 1-1.50)

then you execute above with clear diligence and discipline.

that would make a more meaningful entry than a dive.

my two cents

customstreet:
Absolutely.

It will definitely happened and many shareholders will go to bank smiling

Ask shareholders of Benue Cement Company Plc that metamorphised to Dangote Cement Plc, They will tell you a joyful story on how this exercise turned their fortune to good

Playing devils advocate.

the circumstances differ

in the case BCC; Alhaji was buying into it (meaning he was not holding a controlling interest and he needed to buy out the other/ minority shareholders to hold a control interest which would later allow BCC to be merged with) so there was a clear need from Alhaji which could have necessitated the juicy price you mentioned above


However, for Dang Sugar and Nascon, Alhaji already is the majority holder in both and there might not be a NEED that would necessitate the juicy price.

customstreet:
Hello Folks

I don’t know if you see what I saw

Dangotesugar Sugar Plc + Nascon Plc = Dangote Foods Plc

Time will proof me right

let assume its true

would the merger bring any positive to the shares?

RabbiDoracle:
This is not a Nigerian thing. I don't discuss politics. I'm talking about a global seizure. Businesses are going bust, financial issues up and down, people losing their jobs.

It will affect everything like gold, silver, crude oil, all commodities, crypt, equities, real estate traded funds. Everything.

It will be a waterfall.

As usual Oracle is always ahead of time, so the bull can still being enjoyed for a while (till the euphoria of baton passing is over)

However, the seed of Oracle sighting might already be in the offing with Germany ( biggest economy in EU) entering a Recession.

And the Russia/Ukraine War hurriedly approaching a pivotal stage (i.e. either the War ends soon or it start pulling in other countries in clear physical armed combat).


So enjoy while it last

Selah

thesilentone:
Zenith Volume: increased for the past 5 weeks with corresponding price action
GTCO Volume : increased for the past 3 weeks with corresponding price action

Your assertion that FPIs might be entering the market is valid.

i doubt this sir. FPI knowing there is high likelihood of devaluation with the incoming administration would rather want to wait till the devaluation to get more naira for there FX (rational economic behaviour + it brings certainty instead of speculation on the devaluation ). However, what is not in doubt is that there is positive net inflow into the market, so maybe it is local institutionals trying to front load the FPI (cos they are already denominated in Naira so no gain from devaluation) .

emmanuelewumi:
Don't be surprised if the power sector business of Transcorp is carved of the Transcorp group and then listed as a separate company.


It happened with Transcorp Hotel, and might happen again with Transcorp Power.


So be very careful and seek second opinion as per the purported value in Transcorp .


Things don't always go as expected with cowboys

TOE had already stated that he is looking to spin it off mayb in 5 years time.

mendes911:
Below N2. NSE is a Never Say Never.

i totally agree with you, hence the word i think. No certainty in this game

my response to Oga Rabbi showed same