₦airaland Forum

yMcy56:
* Let's even do small Maths here:
OANDO OS: 12.43bn
ARADEL OS: 4.35bn
SEPLAT OS: 600M

* Price as at 12/01/2026
OANDO: N40
ARADEL: N751
SEPLAT: N6,171

1. Comparing OS Ratio of OANDO to ARADEL and the price: OANDO should be N250 (based on yesterday's price)
2. Comparing OS Ratio of OANDO to SEPLAT and the price: OANDO should be N297
3. ARADEL ratio to SEPLAT: ARADEL should be N852

ARADEL fair price should be N852..... considering more new rooms for upward growth should be more than this.......
While OANDO's fair price should be N250.....worst case scenario N200....

** Una go fear this Mcy's Arithmetics 😁 😁
Na wetin I calculate be that......
Don't know how many months or years it will take to achieve that o.... All things being equal

* I did same Arithmetics for Transcorp and Geregu a long time ago, when it was trading at circa N1/N2 or so.

Good analysis, though a bit ambitious with the assumption/expectation since it is Wale we are talking of.
To add, Oando has about the fourth lowest P/E ratio on the NGX, higher only than Access, ETI and UBA. What a stock!

Tpharell:
Question;
If one is not eligible for a rights issue can they still apply for the “additional shares” that is normally provided for on the subscription form?

?

Question;
If one is not eligible for a rights issue can they they still apply for the “additional shares” that is normally provided for on the subscription form?

Funny how the president’s ADC is stylishly wedging Tinubu on the aircraft stairway so he does not fall like a log of wood.

yMcy56:
Bids available for most of the insurance companies.....
MBENEFIT entered full bid in early hours....offers available at today's high...

AIICO touched day's high.....offers surfaced....inching back up slowly...

Official letter now issued by NAICOM

I am wondering who in their sane mind will be offloading Mbenefit with such an excellent H1 result and the general insurance bull

Why is Sunu faltering already?

Meristem is actually deliberate in preventing their clients from queuing early with orders. These “technical glitches” are no longer coincidental, honestly.

Melcapital:
Good!

An opinion: Why not just share the name of the AI tool/app that you use rather than pasting the entire output information? When these responses are pasted on other platforms, they lose the reading appeal and appear like boring epistles riddled with figures and funny characters.

Or just a link to the analysis page will suffice, honestly.

Sunrisepebble:
I’ve said this a few times. They’re going to transition those assets to the PIA terms, that’s the issue with the tax. When they do that expect a much reduced tax on profit

Transitioning to the new PIA term will reduce the tax burden to around what range from the current 85 - 90% do you reckon?

Whatever happened to Seplat’s Q2?
https://doclib.ngxgroup.com/Financial_NewsDocs/44704_SEPLAT_ENERGY_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JULY_2025.pdf

Good morning, everyone. Please, who can provide some clarification on MRS delisting? I received an exit consideration sum that is below what is expected at the N135 exit price, and my account shows the stock is still intact in my portfolio. The registrar has been unreachable on phone.

essentialone:
https://stockbubbles.com.ng/ is not working today

Back on, just now

Streetinvestor2:
The board meeting held that is why we saw unaudited results. The board meeting must not be about share redistribution. The main thing was results.

The share redistribution was stated as part of their agenda for deliberation during the board meeting. This was stated in their corporate disclosure informing of the board meeting, so it only goes without saying that another disclosure should by now be out with resolutions. Other companies do that everytime, i wonder why Oando should be excused

yMcy56:
If the Board did not sit, I don't think they would have released the Q4 Unaudited in the first place.

Board Meeting outcome is supposed to have been out but maybe it's experiencing some delays due to the bonus issue.
It's still within normal timeframe since AUDITED account is yet to be released.
No rule was violated as yet.

Anyone investing in OANDO should do so because of the enormous future potentials and not primarily because of share distribution........my amateur advice I think.

Its good corporate practice as well as transparency to inform the NGX and investing public about board resolutions, and we see others do that every time with corporate disclosures

GeeKudi:
The share redistribution will likely come with the FY24 Audited report. So, a lot of patience is still needed.

If the board meeting held as scheduled the resolutions should be on the NGX by now

Does anyone here have an idea if the Oando board meeting held and what the decisions/outcome are?

Please, why does it seem like the Meristem meritrade platform is not live anymore. You place an order and it takes more than 5 minutes to appear. Is anyone else experiencing similar delays?

Sunrisepebble:
The savior should come o . Waiting for bus stop 7k to condense my paper profit

Offloaded some this morning at N6,300. Those orders lining up appear to be those who came late to the mobil deal sign off party.

Mpeace:
I was actually being modest when I said it should double seplat oil output by 100%. Most reports I read actually have higher estimate. The asset is not idle it has been productive but not at the level it should. Pls DYOR

But at the end, only time will tell

You just confirmed that you believe there is a switch somewhere that the minister, regulator (NUPRC) and other government voices can flip to achieve whatever production numbers they desire.
Seplat itself has on several fora shown presentations to shareholders and stakeholders that say not more than 30% is what Mobil is bringing. The potentials for future production growth are endless

Sunrisepebble:
Are you sure about that 30% figure? The output from the Mobil asset currently is underperforming due to their lack of investment there obviously with the sale

That is why i said “there is the potential of increasing production by strategic decisions and interventions of the new operator”. But as it stands today what Mobil is adding to Seplat is not more than 30% production. But you are right that the asset is underperforming due to Mobil holding back on investments due to it’s plan to sell off

GeeKudi:
who will buy the 100k unit single deal?

I doubt he is or has been in Seplat long enough as some of us to understand the liquidity issue. Without any news pushing it Seplat remains on offer for weeks on end, sometimes doing less than a thousand shares a day. It does get that bad, i can testify

Mpeace:
He only need to supply 100k units a day at day's high. Thats all we need. He doesn't need to sell at loss. Seplat has a very bright future.
Do you know that this deal alone basically increases seplat oil output by 100% with potential of another 200% increase upon minimal investment(if the minister's words are anything to go by.

You can believe the minister if you reckon there is a switch somewhere to flip to achieve desired output numbers. Mobil is adding about 30% to Seplat’s production not 100%, but of course there is the potential of increasing production by strategic decisions and interventions of the new operator.
If you look carefully at the circumstances of that huge transaction, it appears to be someone cashing in on a quick opportunity to make guaranteed 10% or more immediately, not money intended to stay long in Seplat, but then again I could be wrong. And even at 100,000 daily offer they could struggle to ofload especially now that the momentum will likely slow down being that the deal is officially sealed.

KarlTom:
Whoever did that cross deal of 2,032,227 units of SEPLAT just made over 1.78BILLION naira paper profit (less charges)

Yes you read that right...

The problem with such outrageous deal is the person will probably/likely be back today or soon to convert the paper profit to cash before the momentum slows down, which could force Seplat into high or even full offer soon

Mpeace:
I hope q3 seplat result will not be affected by this approval.

How do you mean?

Seplat’s “divine intervention” came early this time around

megawealth01:
My SEPLAT

Just dipped, marginally

What you have today as Seplat’s production figure is that of the asset they currently operate in their JV with NNPC. Upon completion of mobil acquisition they will add about 30% additional production from mobil to their figures, so reported production figures for Seplat will increase after the acquisition is sealed

Let’s understand that the Agip acquisition does not bring in additional production figures, as Oando was already there in the asset before the acquisition and taking over the operatorship.

Oando, Agip & NNPCL were in the JV and reported production was for the asset comprising all 3 of them. So Oando taking up Agip’s 20% stake does not add anything to the JV production.

What is happening is that Oando the new operator is making strategic decisions and operational interventions to boost the production

BabsO2:
If Oando produces 100,000 b/d oil for JV it’s share of production is only 40%. I think the minister is talking JV and not Oando’s 40%

This is a misinformation i have observed here. The quoted oando production figures are for the JV not just Oando’s stake. The Eni deal is not adding anything to the asset’s production, apart from the new operator taking some bold decisions and making strategic interventions to boost production.

Seplat is different in that there is about 30% additional production that the mobil acquisition will bring onboard, even without any strategic moves or interventions to boost production.

People need to understand this difference.

Trojan8:
You expect me to believe ThisDay over FY'23 and FY'22 actually numbers. When I get home and I settle down, I'll drop a link to the breakdown from Oando.

You are obviously late to the party. There was a lot of back and forth on this matter and that fellow kept grandstanding on the obviously wrong figures quoted by the thisday article. Don’t waste your energy trying to resurrect a dead horse