₦airaland Forum

yMcy56:
Big boss I hail o 🙌
NGX is a servant to this my Oga 🤑
Must have picked ETI @N4!!
Weldone sir! 😊

Oga madam I throwaway salute ooo.

The NGX expert herself.

E ku market ooo

nosa2:
My oga I hail. Your boy is loyal

The Guru I hail ooo

E ku market ooo

All ETI members make una softly softly o

Waiting for Q1 results to set direction and market mood.

Make una enjoy

Sunrisepebble:
For GT in bolded. Not really a surprise. N12.76 total div

It is 60% of CORE EARNINGS that they plan to pay. That way dividend is not affected by extra ordinary incomes.

E ku market ooo.

Congrats to GTB Shareholders.

Congrats also to OandO shellholders

essentialone:
Is Custodian still an Insurance company at N82.00 ?

Custodian is now an investment/holding company.

pluto09:
Welcome Boss

My Oga at the top I throway salute

Agbalowomeri:
Thank you boss
We don go buy submarine

Good 🌄 to the guru 🙏 🙌

To all the gurus and gugurus eku market ooo

The bulls are raging. As it happens during flood/high tide, all boats are lifted.

Let us enjoy the season and prepare for the low tide season when everything will be exposed.

Congrats.

E ku market oooo

pluto09:
I don't want you to go back into hibernation mode again sir.
Your position on OandO will open you up for a serious attack.
People who don't know you will start saying you are badmouthing the company so that the price can fall for you to buy OandO at cheaper price.

Na siddon look I dey sir. Make we newbies dey learn from the expert and the gurus.

The economy is booming, the bulls are raging so easy to become an expert as anything you touch turns to GOLD.

In some months from now, the BEASR will come out. People will get their fingers burnt and never to return.

So make we newbies continue to watch the expert do their things.

They have NEW tax matter dating to over ten years that they have to settle and they are working on a settlement. This is NOT profit tax.

Mpeace:
I think Seplat has settled all debts to govt. They appear to even have a tax credit. Abi na me no understand this language on the screenshot?
I understood it to mean that the govt is owing Seplat in billions of Naira, rather than the other way round.
https://nairametrics.com/2025/03/16/alleged-debt-seplat-and-chorus-energy-pay-n28-7-billion-to-nigerias-federation-account-reps/

mikeapollo:
So Oando was able to pay off $400m out of the $525m loan because the president of Afreximbank is Nigerian?
The Angola oil minister/president and the Trinidad oil minister/ president are also Nigerians, right?
Auditors opinions are about past financial performance. They are not the final verdict on what will happen to the company in future. Companies with negative (qualified) auditors opinions have been turned around and companies with positive (unqualified);auditors opinion have been liquidated. They don't necessarily see into future contracts or deals that the company could achieve. No auditors foresaw or predicted anything about the ENI/NAOC deal, the Afreximbank loan, Angola oil bloc or the Trinidad refinery deal or even the share redistribution deal.
NOTE:
I am not saying that Oando will just perform a miracle and come out of all the problems overnight. But they can do it gradually over some time.

Sir, go and read the financial report very well!

In that financial report, it was stated clearly that OandO has a $50m facility with Ecobank and they are already in DEFAULT. Ecobank is now trying to restructure. When you see Ecobank Nigeria performing poorly compared with other ETI subsidiaries it is because of companies like OandO!

From the financial statement, according to the auditors, the group recorded

1) Comprehensive loss of N83bn
2) Negative operating cashflow of N531.2bn
3) Current liabilities exceeded its current assets by N3.3 Trillion
4) Funding gap of N4.3 Trillion
5) If all plans are successful, it will address only 11.4% and 8.4% of the 2025 and 2026 funding gap!

OandO right now is financially insolvent!

As per the various deals, nothing new. From the Abo acquisition, to the listing on Johannesburg stock exchange to the reverse acquisition on Toronto Stock exchange to the Conoco philips acquisition etc none has delivered value to shareholders. Like the auditors stated OandO continue to make losses year on year!

ositadima1:
This also applies to Oando, as I often see people quoting the quantity of crude in acquired wells. The truth is, none of these companies actually own the crude oil or gas in the ground. What they own are the rights to extract these resources—not the resources themselves.

Different blocs are under different contracts. From JV, to PSC to RSC etc. The contracts defines the rights and entitlements.

megawealth01:
You dey talk as if you no sabi NAIJA things... Man no man dey work na?

No it has nothing to do with man no man.

Without going into the jargons, at conversion there is an approval for you to convert. At that point of conversion you decide which of the fiscal regime you want. There is impact on royalty, profit tax, Investment tax credit etc.

Mpeace:
Seplat money na FG money. The way FG dey tax Seplat ehh I just wonder whether we buy the ExxonMobil asset for them.

Apparently SEPLAT did not pay the appropriate tax that they will now have to pay with interest.

mikeapollo:
Yes, that shows they have the capacity to pay back and the business is viable.
No bank would give such new loans to a business without due diligence and some level of assurance that the business can pay back.
Oando will overcome the indebtedness butbit msy tskevdone time. Some loans were obtained fromtheir customers so will be setttled by sales of crude to them.

President of Afrexim is a Nigerian.

More importantly I think Fitch rating has downgraded Afrexim. That says a lot

The auditors opinion about OandO was VERY CLEAR.

222Martins:
For anyone looking for a quick 100% capital appreciation, there is one last golden opportunity.

What does Nigerian Brewery, Champion Brewery, International Brewery, MTN and Cadbury have in common? They all came out of losses in either their Q4 2024 or Q1 2025, and they have all done over 100%+ in the short-term.

There is only one major company left to follow the trend and that is Dangote Sugar. Kindly do your own due diligence as this is neither financial advice nor a stock recommendation.

What they have in common is that they have a FOREIGN Majority investor

Doubt you we see that much growth in Sugar consumption when you all are promoting HEALTHY living

mikeapollo:
It was reported in the FY2024 accounts that Oando had settled $400m out of the $525m loan it obtained from Afrexim bank.
If they are able to maintain and continue with the trend and pay off the loans consistently, nothing will stop Oando from bouncing back .
The main problem is the indebtedness
Anyone that wants to sell off can do so but just leave some units there because it will bounce back big.

The same FY2024 that the external auditor stated clearly that the going concern of OandO is in doubt?

Obvious many here did not experience the 2008 market crash nor the 2020 Covid 19 induced crash. People panicking over non dividend payment! When last did ETI paid dividend?

The market over reaction should present good buying opportunities that will lead to wealth transfer.

For as long as the fundamentals are still STRONG than no shaking.

Eku market oooo

Mankind2024:
What a great time to be a Nigerian! We're becoming self-taught experts in finance, auditing, accounting, and investment banking, all in our effort to create a legacy portfolio and a generational wealth.
The RENCAP publication offers valuable insights, advising us to look beyond banks' accounting profits, which may be unrealised, and focus on cash profits instead. Notably, Stage 2 loans can lead to forbearance issues, especially when banks have substantial unrealised accounting profits

You can never go WRONG with CASH FLOW! Many look at profits BUT CASH FLOW is where the answer is

Happy Investing

pluto09:
Where have you been sir wanaj0?
You are welcome o.

My oga, trying to survive in this Tinubu economy.

Since the guru's and guguru's ask we newbies to keep quiet when the experts are talking na so I go back to nursery school to go and learn o.

Hope people are paying better school fees as everything done cost

I remain loyal ooo

Streetinvestor2:
.I am planning to take when consumer stock which just got our of loss and amazing q1 results.
Then for ellahlakes not for me after I was able to size the farm now.I will rather buy presco and okumu for now based on the expansion in progress. I have seen what best ellahlakes can produce as revenue and not impressed in the next 5 yrs when u consider Os too

If you are trader then Ellah Lakes will be good for you. Sentimental Analysis favours them.

For a long term investor, they are damn too small! Better stay with the market leader.

Happy investing

nosa2:
My oga have show! The bulls have really come

My Oga from SMN days I remain loyal to your government.

The Landlord of Presco, Okomu and now Ellah Lakes.

Hogwarthtrades:
Welcome back, abeg no wait another eid festival before you visit Nairaland

I dey look for transport fare. Make I kuku buy ABC Transport shares to dey carry me waka.

Hogwarthtrades:
Welcome back, abeg no wait another eid festival before you visit Nairaland

Thank you Sir

Eku Market ooo

Seems the numbers of traders has grown exponentially! Guess the various apps that enabled pseudo real time trading has helped.

Could also see that there are now a number of billionaires here. Please do take away for the rest of us.

Could also see interests in dead, about to die, living on life support companies.! That's the way to learn by paying appropriate school fees.

The market is bubbling so let us enjoy it.

To all the GURUS I say Nagode

E ku market ooo

I throway salute to all the guru's here.

Make you give us hints for the week.

Happy Eid to all.

Happy fathers day to the fathers indeed

Happy fathers day to the women playing the role of fathers.

E ku holiday o

Eku market ooo

jideflash:
oceanic really chop my eyes. i paid school fees in full, no scholarship

Bros, you should invite us for graduation ooo! You can use any of your dividend LOOT

LondonCool:
@Wanaj0

Greetings! Long time.

Where is @FatherofTwo?

See all the gurus here. I remain loyal ooo

I believe they are all fine. Everyone is PUMPING

Streetinvestor2:
One of the ogas/chairmen of SMN ....double salute. IF this oga say make you run from any company. Run and ask questions later

My Oga at the top! We newbies are loyal to your government ooo