Akin2910:
Does anyone have an either when the public offer of Zenith and Gtbank will be distributed?

Omooloriredade:


My opinion only:
I think I see where you going with that question. However, the US and Qatar will be filling the void created by the exit of Russia following the expiration of gas transit agreements with Ukraine. US and Qatar will be supplying LNG to Europe along with existing suppliers including our very own NLNG.

To answer your question, Oando via the NAOC JV is an existing supplier of gas feedstock to NLNG. Aradel will be joining via the acquisition of SPDC JV assets by the Rennaisance consortium.

Unrelated to your question, imo I expect Oando to deliver a minimum 200% (x3) appreciation to a current holding or position (not SP) provided you qualify for the share distribution and barring any unforeseen significant disruption to field operations.

Have I made wrong calls in the past? You bet!

Raider76:
On the bolded, how does one know if one is qualified?

BullBearMkt:

Nice insights. Since 2022, Qatar and US are now the major LNG suppliers to Europe after Assad (Syria) and Russia initially frustrated Qatar-Europe pipeline project to transport natural gas from Qatar’s largest gas field - North Field. Now that Bashar is completely out of the picture, Europe will be delighted to resume the project…

Wondering what’s the position of Nigeria’s train 7 project. Its been long I read about it

Omooloriredade:


No one knows. Initially, 17/12/24 was proposed but it has since changed following the carried amendments at the AGM. New qualification date is yet to be announced.

Omooloriredade:


I believe Train 7 is still under construction and may remain so for the next two years. I don't see it being commissioned earlier than H2 2027 or 2028 in my opinion. You know how projects drag on forever sometimes

SonofElElyonRet:

You don start... is loco also among the prophets?
Hope it happens sha.. i dey the bus

veecovee:


You think say na only you be sonofelelyon

Locotrader:
Welcome to 2025
Loco's stock for 2025
COMPUTER HARDWRES AND MENTANANCE SERVICES
Sector: ICT
Target price:N15+
Duration: 12 months

Patience is the key

Jijo stocks for the year are insurance stocks and Japaul.

Omooloriredade:


No one knows. Initially, 17/12/24 was proposed but it has since changed following the carried amendments at the AGM. New qualification date is yet to be announced.

Omooloriredade:


No one knows. Initially, 17/12/24 was proposed but it has since changed following the carried amendments at the AGM. New qualification date is yet to be announced.

Raider76:


NNPC Rejected Dangote's $700m Offer To Manage Nigeria's Refineries - Obasanjo
https://www.youtube.com/watch?v=kttlZqu0AsQ

Raider76:
Thanks. I wonder why people are not rushing to buy then.

GeeKudi:
You think so?
A lot of people are strategically positioned already.

emmaodet:

Vita Foam FY 2024 Analysis by me.

Q1/2024 PAT is 1,562,602 from Q1/2023 PAT of 1,711,357
Q2/2024 LAT is (7,455,792) from Q2/2023 PAT of 1,354,802.
Q3/2024 PAT is 2,707,428 from Q3/2023 PAT of 585,393
Q4/2024 PAT is 3,393,302 from Q4/2023 PAT of 660,769
6M March/2024 - LAT (5581973) from 6M/2023 PAT of 3,084,498.
9M/2024 LAT is (2,883,946) from 9M/2024 PAT of 3,697,688
FY 2024 PAT = 952,190,000 decreased by a whooping 89% from FY 2023
They only padded the PAT 2024 by adding OCI to the PAT to increase the EPS.
Admin expenses, Finance Cost the stock foreign exchange loss are major drawdowns to the net income.
EPS of 29k/share doesn't justify the current price of the stock.
They have the rigid foam segment with a significant growth potential and increase in future revenue. So we hope the stock price will keep rising in nearby future.
They company is into varieties of things namely - Mattress, foams, beddings, Duve, Furnitures, car seats, bumpers, oil filters etc
It has a high non-controlling interest as high as 65%. So a meagre 29k eps for FY2024 doesn't justify the current price. It is too high
So a profit of just 592,486,000 out of a possible 952,190,000 is available to vita foam shareholders (1,240,884,000 shares) while 592,486,000 goes to NCI.
Vitafoam has a NM of 1.2%, a big drop from 8.3% previous FY. It means she may likely fall into negative since NM is so low despite increasing revenue.
Cash and cash equivalent big drawdown from 21b to 7b is worrisome but further investigation would be carried out to know what it was used for
Debt of 14b is higher than available cash of 11b compared to FY 2023 of 23b debt and 22b cash on ground.
Depreciation exceeds capital expenditure which means management underinvesting in the company.
It has a very good FCF compared to PAT
Interest Margin is 93% compared to 32% of FY2023 which is way higher than the required 30% max.
EPS growth is very poor and reducing
Capex margin increased from 35% 2023 to 50% FY2024. We require less than 25%. Which means it is getting more capital intensive to run the business.
The company sold foam products increased from 6977,560 in FY 2023 to 79,199,843 FY2024 representing 8.4% increase in product sold.
Furniture and other products increased 5X to 48,370 sold compared to previous year.
In total 7,611,285 products sold in FY2024 compared to 6,987,258 FY2023 which is 8.9% rise in product sold reflecting as 56% rise in revenue for FY2024.
So, a 624,027 increase in product sales representing 8.9% increase in sales results to 56% increase in revenue. Interesting.

megawealth01:


Happy new year. How are you and family doing?

I'm sure you were well rested in preparation for a more prosperous 2025

purity2all:

Tips to Protect Yourself on Nairaland

Avoid sharing personal details in posts or your profile.

Use a unique handle that isn’t linked to your other accounts.

Don't use same email on all your social media profiles.

Consider using a VPN to mask your IP address.

Be cautious about what you disclose in your posts.

Streetinvestor2:
In 2022 I was tracked which I believe it was my IP address that was used.I got across school mates in telecom industry and was told it was possible. I deleted all my social media account because of safety of family. I discard that phone line and deactivate my first moniker here.Then created this after sometimes.I said it here that I deactivated my first moniker for security reason. I be street so they could not get me.One of the member of that gang is still in prison.
Since then when I see some kind move from a new moniker. I check the profile to see when it was registered and how it has been active on this forum. I was shocked to see this was registered 19 yrs ago with few participation on all thread.That is red flag for me.
I believe the system sets your registration date and can not be imputed by the individual. I want who ever is behind to come up with explanation on this grand father moniker that has been on ghost mode or I will tag the moniker as a criminal allegedly. It has nothing to do with my opinion or his opinion on stocks/ngx.I repeat I always check profile of new moniker who quote my post...my little way of being security alert.

SonofElElyonRet:

oando prophet follow join

Sunrisepebble:
Did you look at the EPS on a QoQ basis? It is growing, Q2 loss is what affected the full year EPS. Otherwise it grew substantially. Normalised EPS is about N7 for the FY. Been trading at a PE of 6-7x based on N3 EPS in the past.

Xidget:
The person selling down Chams is not done o. This is the 3rd 3m units he's bringing today

Xidget:
The person selling down Chams is not done o. This is the 3rd 3m units he's bringing today

ndept:
There is a buyer also waiting for him to bring it on. @locotrader, no shaking. Chams must move

In addition, I heard from local parlance that Chams has one link or the other with the presidec.