₦airaland Forum

Japa-gold

365days perhaps.

Oando has been loud about everything else, but its AFS. Wo! shakara o'kpor!

gamaliel9:
Today i finally exited my long term analogue broker---let me not mention name but it has " Trust" to her name. Transfer my shares to another company, they sent forms, i filled them, with utility bill, nin, passport, signature confirmation, etc, still they did not transfer.... My strategy-- i sold all my shares with them...nonsense and ingredients....i instructed them to even sell at market price ...cscs promply sent all the sell alert. Toh...

I am waiting for T+3, hopefully my money should hit my bank account...or i escalate to SEC....

Please, post SEC address here to report them in case my money does not land on Tuesday or Wednesday. Toh

Load the toad ooo.. Turbo to the moon

Very yeye people. I went through it for over 4months trying to transfer someone's holdings. It will not hit your account on that day o. They'd post a cheque in like one week time and set the clearance date to 24hrs. Very mischievous! Trading with your money.

RodgersAkpafu:
limit orders is for their US positions
Not NGN

Oowwww. Now that's awful.

designking:
But the market has not presented ₦35 also Bamboo does not have an option for limit orders.

GeeKudi hello.....

Or you mean this option is not available for purchase of local stocks, cuz I don't use them for local purchase of stocks.

designking:
Here is one major issue with Bamboo app. They usually don't update their stocks' prices and when you try placing an order, they use the outdated price.

This morning, I tried placing a buy order for Dangsuga but Bamboo is quoting ₦35 per share to purchase Dangsuga when the market value is around ₦31.

They will execute the order at ₦35 and pocket the difference of ₦4.

To one guy who called Bamboo a "scam". Charges are high. No doubt, but when you continue to use Market Order to place a bid, you're going to get exactly what the market has presented- be it high or low. Rather, use a LIMIT Order option when you place a bid for a stock.

[quote author=Krisuba post=132539030][/quote]That's what many a few calls it a bet cum investment

A conversation between the oil folks.

SEPLAT: "ARADEL! Hold my beer. Men mount"

ARADEL: (carefully holds the beer and whispers "ARA a-gbala DEL oo" )

OANDO: (Smiles mischievously)

purity2all:
It seems, he is already getting headway on what he wants. Read the last part of the news item on this, on Nairametrics.

The defense counsel are already seeking an out-of-court settlement.

Yeah. I see.

ositadima1:
Here is a breakdown of the key points:

1. Dangote Refinery has filed a lawsuit against the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies.

2. Dangote Refinery is seeking to void the import licenses of these companies, claiming they are importing refined petroleum products that Dangote Refinery is already producing and able to supply.

3. Dangote Refinery is seeking ₦100 billion in damages against the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for allegedly continuing to issue import licenses to these companies.

4. Dangote Refinery claims the import licenses issued to these companies are crippling its business, as its products are left largely unpatronized.

5. Dangote Refinery is also seeking several other declarations and injunctions, including:
- Declaring that Dangote Refinery is exempt from all federal, state and local government taxes, levies and other rates as a Free Zone Enterprise.
- Preventing NMDPRA from imposing additional levies on Dangote Refinery.
- Ordering NMDPRA to withdraw the import licenses issued to the other companies.

6. The case is currently adjourned to January 20, 2025 to allow the parties to attempt to reach a settlement.

7. This lawsuit comes amid disputes between Dangote and regulatory authorities, as well as Dangote's previous announcement of willingness to sell his refinery to NNPC.

I'm not "The Law", but I laughed at some of his prayers. Let's see how far this can stretch in the courts.

Mpeace:
Seplat gain today just too sweet.
The stockhas been my best. E don delivere from all angle.
Dividend recieved has almost covered capital.
Capital appreciation on the other hand is simply unbelievable

I understand this feeling with Occidental from the US stock market

Mpeace:
Transafam owns it. Heirs holsings own majority stake in transafam with transcorp owning just 5%.

It's alright. Nursery department at work.

ositadima1:
Is Transpower into distribution? (He get why i dey ask) If not, as a power generating company within a country with very low power output, I would be careful because competition is coming. Some foreign investors will prefer building their own systems from the ground up, which can disrupt Transcorp's perceived dominance. These are my thoughts.

You missed the part where Uncle T owns AEDC?? Testing phase

ositadima1:
I read the latest publication of "Frankly Speaking" by Dele Sobowale in Vanguard, which claimed that a refinery is a bad investment for Dangote because crude oil is a dying business.
.......

In conclusion, oil and gas refining will still be big business 30 years from now.

Big Market for Africa and the Carribeans.


That dude sounds like a "Western-apologist"

KarlTom:
I do hope he lists it o.
https://punchng.com/how-i-got-permit-for-2bn-nigerias-biggest-power-plant-davidos-father/

TOP 4 Economies in Africa and their effective power generating capacities:

1. South Africa ~40,000 Megawatts
2. Egypt ~ 40,000 Megawatts
3. Algeria ~ 50,000 Megawatts
4. Nigeria ~ 7,000 Megawatts.

PS: installed Generating capacity is upwards of 13,000 Megawatts .

The Power Infrastructure needs to be greatly invested in and existing infrastructure improved on...

The UAE run on 100K MW installed system capacity with 50k operational and idle capacity each(if my memory serves me right)

The infrastructure funds are for capital preservation NIDF and AVAIF.
Transcorp Power and Co are idle wealth. Long term!!

🚨 🚨 🚨

A dieing horse. By the time we eventually settle for proper fiscal federation. You might be holding the cow's tail, especially in that ministry. Make hay while the sun shine.

"Dangote still dey find money oo"

https://nairametrics.com/2024/10/12/dangote-to-begin-crude-oil-production-before-the-end-of-2024-report/


You see that betnaija, we go ride am!!!

Can't fault them. The characters of LGA chairmen can be questionable. The absence of people with pedigree will only make LGAs exposed to ineptitude and mediocrity.

Ideally, every other African country starts to look for the naira to trade in Nigerian commodities(petroleum bye products, should this be the case).
The naira strengthening against regional currencies will not also shy off from the $.
That refinery has the ability to change the perception of Nigeria within the west African bloc.
Pushing for a Naira denominated West African bloc won't be a bad idea as against the eco. Ideals sha!!

Might just get a consistent net positive.

Oando bring result o'jarè. This marketing owa necessary

What a peaceful election atmosphere in Rivers. Everywhere calm and everyone smiling to the polls.

One of the best election after the June 12 annulment. Kudos to RSIEC for their timely and well coordinated staff. This is how a proper election should he conducted.

Omooloriredade:
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.

Yeah this!

Yes, Oando might be late by being in such a long queue, but wanting to doubt their ability to be efficient is another thing even with your bias towards refining operations. Yes we can both agree they have an antecedent(a risk must be involved).

Omooloriredade:
Makes no business sense to me. Just focus on upstream and if you must dabble into refining why Trinidad & Tobago? Very small market in that axis. You would have to spend top dollar to turnaround the fortunes of the refinery. In fact, further loses are guaranteed in the first few years following the takeover. Looks like a misadventure about to happen.

Disclaimer - As per usual commentary. All based on personal opinion. Post could be wrong and misleading so please DYOR.

You might want to see Dangote's last meetings with one of the Caribbean States. Can't remember which in particular. Peep into his insight.

KarlTom:
There's something about the Nigerian Insurance sector we are yet to decipher.

AXA came then ALLIANZ followed. Now it's PRUDENTIAL.

I think someone also said a Bank is about to buyout an Insurance company...

You need that insurance sector to propel/support whatever anticipation of economic growth is being touted.

EreluRoz:
Emmaodet what financial advise will you give to someone with 15million naira laying somewhere and don't know how best use it.

Life is a risk. My unsolicited advice would be;
Take 1 million, buy Oando at Market Price (High risk assest)

14m:
25% into Access or UBA or any other Tier1 bank(Firstbank is still an anomaly) first thing Monday morning

25% in transcorp

Of the 50% left:
Place on 1yr tbills. If successful, use the proceeds to scoop either Japaul, Ftncocoa, Caverton(watch for bottom).

A better waiting period for your cash than how it's waiting currently.😂

Reassess your positions in 365days from the day of execution. Selah!

Or for peace to reign in your veins, buy into any infrastructure funds manager or solely Tbills/bonds.

PS: I am not a Financial adviser.

megawealth01:
Naira Depreciates To N1,700/$ At Parallel Market — Lowest Level In Seven Months

https://www.thecable.ng/naira-depreciates-to-n1700-at-parallel-market-lowest-level-in-seven-months/amp/

Ordinarily, we expect to be seeing a gradual drop as to the perceived "40% pressure drop", but unfortunately, "the naira don tie gele" while attempting to shout "FOR HERE?!" 😂

Why is the sentiment still outstandingly bullish on the dollar?

What is this weapon fashioned against the naira?

megawealth01:
Flour Mills Of Nigeria Set To Expand Outside Nigeria


https://dailypost.ng/2024/09/26/flour-mills-of-nigeria-bets-big-on-pan-african-expansion-with-strategic-restructuring/

What will happen to Golden noodles jollof, the substitute for indomie? There's no peace for common man!

<Runs to Aboki to get extra 2 carton before price hike> 🙃

mikeapollo:
Oba Otudeko will surely fight back. But as long as the price rises and they pay good dividends, shareholders should be happy

He better pick another battle. Cuz war chest is full for Ote$

yMcy56:
I'm [b]hoping to see Oba Otudeko appear somewhere along this lane for HW sha........I hope the minority shareholders of HW are well compensated

Why comeback to something he discarded to pay bills? Opportunist? Will he not run it into debt again?

crownprince2017:
Dangrefinery is a necessity in Africa for atleast another 20 years.

It'll take almost 50% of the middle class Nigerians about 14 years of minimum wage savings to get the new Innoson EV. It'll take about 4 years to build and install 10,000MW of electricity. So Africa is very much dependent on fossil for atleast another 40 years. 20 years is not far.

BullBearMkt:
My Oga, I no get strength for that. Na money I dey look 4

Swing shots!