Choiceguy:


The only thing Oando needs now to appreciate in price is the issues of delist,once it is settled (suspended) which will be cleared by 24th of June 2024.there is no further adjournment the price will skyrocket.

Delisting aside. Also finance costs aside Oando needs to show operations with stronger margins. The 2022FY conveyed an extremely high revenue as revenue jumped from N805b to N1,993 billion. A rise of 148%. But cost of sales jumped up at a faster rate of 151% and nearly wiped out the whole revenue. Oando achieved a 4% Gross profit in 2022. While Seplat had a gross profit of 49% in 2022. Gross profit is before any finance cost is deducted. The Gross Profit is unusually low in the last two annual reports released.

BullBearMkt:
OANDO TECHNICAL ANALYSIS
Much has been said about OANDO recently, but what does the chart says?
Sentiments apart:
- Stock price stalled since Sept 2023
- Sellers are situated above 12
- A close below 9.50 is not favourable for the stock, it will most likely go lower
- Early price rejection above 9.10 may see price testing 12 and above again
- Minor supports at 9.10, 8.76
- Continuation of releasing unfavourable results may drag price down to test 5.50 - 7.20

PLAN YOU TRADES AND TRADE YOUR PLANS

This chart need to be inflation adjusted in view of the long time span and Naira devaluation
Otherwise try use the JSE technical plot

mikeapollo:


Your observations are legit.!
I also noticed the jump in Oando total revenue in FY2022, even though those revenues were mostly denominated in naira. One can therefore imagine the potential impact of future revenues that are mostly denominated in USD (as Wale said during the AGM) which would help to hedge against FX losses on foreign currency denominated loans and payables.
I just hope they use the USD800m facility from the Africa EXIM Bank to pay off all loans from the commercial banks.

Our permutations ultimately hinge on Wale's intentions as well as the integrity of the Court and SEC

That will be great if the funding is not limited to acquisition of participating interest of the NAOC assets and may help change the going concern narrative in 2023 FY

Bukkydudu:
Good morning everyone


Please can someone help me with what gtco declared as dividend please

Saw it on Naira metrics N.60k

Thanks

N2.70 declared to be paid 9th of May

.

Zagee:


First off, lovely literature.
Secondly, its not different from the travails of the Nigerian economy as pertaining to the O&G sector of which bulaba seems to be solving with the use of TanTita and what not. I'm sure they can ride on the back of the president to scale the envisaged bond.

Talk of shares issuance not yet concrete, some positives. Revenues are peaking, wars are ongoing, summer is coming and oh beautiful winter is again on the horizon. All these are giving me a pointer to an increase in oilprice ($100 but not likley) benchmark, which the US will prefer instead of upticking the interest rate.

I'd like to see 23FY as to what degree the oil prices have helped them.

Cc KarlTom

It will be good to see what forex gains or losses are declared in 2023 where material exchange rates jumped. We are already in Q2 and should be looking out to see their bond issue. Only wahala is NGN interest rates currently at peak thereby making bond funding very expensive. They may be forced to proceed with equity funding through private placement.

SonofElElyonRet:


I no dey sell... we must see the end of this matter

It's on full offer at the moment with maximum price drop. No buyers.

The end of the matter should be clearer before the end of this year.

Zagee:


Please give me a page. I might have missed out.

Page 91 & 92 of the just released 2022FY Going Concern statement.

Locotrader:


What I saw is Q1 @ NSE website

That is a typo

Locotrader:


Waiting for 2023 Fye result is a scam.
They will use Q1,2,3 and 4 of 2022 to get what they want.

Better begin to jump out now before it's too late for you.

That's FY 2022 not Q1

Zagee:


Numbers numbers. Waiting on 2023FY.

Nah to wait on 2023 as this 2022 bad as forewarned.

megawealth01:


Time will tell until then... OANDO is a heavy gamble

A sizeable chunk of daily trades over the last two years !

Agbalowomeri:


Lol if dem delay the info na still Una go complain

NASCON publishing the information timely is the right thing. Withholding such information is not right.

Raider76:


You are right that SEC is rediscovering its teeth. This increases the possibility that we may wake up one day and hear that Oando's trading is suspended just like the JSE did. That will throw lots of people into despair.

A bad probability. But will likely not happen as OANDO has laid out plans to issue its reports and published it on NGX.

Streetinvestor2:
Madam dangota products cannot be in existence and we don't see it on the street. HE has good logistics for his businesses Your first link was 2018 and anything can happen to business within then to now.You remember dangota flour was dead and sold off too.
The second link did not say dangota produced the rice that was distributed as charity. He could repackag the rice in his name.it is a normal thing.
I don't see sugar going below #30 .It was simply,alhaji wanted to use rice to accumulate sugar to himself which I had started in the past.

The big lesson, it looks sec is beginning to wake up to its responsibility. Onado delisting will not scale through sec at ridiculous price. There is hope now for oando shareholders

Good to read the bolded. Which is probability 2, which follows the path of the court giving the go ahead for delisting.
I still bet on probability 1 which is the court will squash the buy out.

TsarZed:
PBT growth of 774%, interesting!

Softly softly

Growth is still on track. Excellent Growth.
2003 FY PBT = N53b
2004 Q1 PBT = N29b

Also try and look at PAT, as the tax man is collecting more.

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/40927_TRANSCORP_POWER_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Nice Q1
Growth is on course

sky2891:

Calm with fingers crossed.

Raider76:


Body language. Read all their company announcements on the court case. They always refer to their "Scheme of Arrangement.." what does that say?

Make we dey watch the drama. Audited 2022 Results will soon be out with a fat loss and or negative shareholders fund followed by 2023 interim results that will suggest a turnaround (partial or full).

BabsO2:
Oando

Price pushed up to close at N11.90 minutes before market close.

This last seconds bull(s) may be up to something. Make we watch

Raider76:


Can't understand why WT still insistd on delisting OANDO. After all the tremendous opportunities for wealth growth

Where did you get him saying he insists on delisting. He never said such at the last AGM in Nov 2022. Rather he bragged of how he has turned the company around for shareholders. And how things are poised for good.

Oando

Price pushed up to close at N11.90 minutes before market close.

emmanuelewumi:



Today's red was too deep. The auction was yesterday and unsuccessful investors were refunded to the tune of about N300 billion, yet the
market lost over 1% today. Thet is the highest in a long time

Look at the chart I shared for NSE 30 daily candle pattern.
Or this one here for the all share index
The dips line up with the auction dates in Feb, Mar & April.
The dip in January was the day after the auction.
The February bond auction day dip was the biggest. Not surprised because of the interest rate jump from 16 to 19% (Jan vs Feb auction results for 10 year bonds)
The March dip was small (perhaps due to no major bond interest rate jump and high expectations while waiting for audited results to be released).
This Apr auction day dip is far smaller than the Feb dip.
However last five days suggest a trend downwards in the NSE 30 and NSE All Share Index. But I am seeing a support forming today. Next three days will tell us more . Nothing is cast in stone with Mr Market, he has a mind of his own.

BullBearMkt:

"The dumpers are waiting for the dividend hunters 😂" - Agbalowomeri

Looks like market makers for the banking recapitalization were also mopping up shares.

emmanuelewumi:



People and institutions buying bonds don't sell shares in order to invest in bonds.


Over N900 billion was bidded yesterday but over N600 billion was successful.

Where is the extra N300 billion returned to investors?

They will rather invest it in fixed deposit or money market fund for 28 days to 30 days earning about 15% and the bid again in the primary market next month or better still buy in the secondary market from today

Stuff like this is not cast in stone as the various people involved have various dispositions.

The size of the bond market trade in the monthly auction is bigger than the sum of trades on the NGX in most months I guess. The data is readily available. Nothing stops me from selling FBNH at N40 to buy FGN bonds when the opportunity came up. Neither did anything stop you from selling DS when you did to key the proceeds into bonds. And this happening can be a reason for the pull backs observed in the last picture i pulled from investing.com

emmanuelewumi:

Why didn't see the effects of those whose bids didn't succeed in the stock market today.
Keeping your cash in fixed deposit till the next primary market offer is also a strategy

Locotrader:

I am concerned about the market itself not oando.Oando may sail through tomorrow but this type of red in the market is not what you go to bed and sleep with both eyes closed.

Looking at NSE 30, the monthly bond auction dates seem to align with red days in the market. Most likely it's the same effect with the main all share index. (Did not find the all share index readily so I made do with the NSE 30 as it should be representative enough)

Looking at the past the market should recover in about 3 days if this current red is due to the demand for funds from the bond market.
But this April deep started some days before the auction, so there is a possibility recovery will be faster or perhaps slower. It's starting earlier may also be due to funds required for the holidays last week. The first market deep was also on Jan 29, the auction date for that month.

Locotrader:


You bought at good price today.
It will close arnd 12.50 to 13 today

It is still at N12.10 with about a million units on offer at that price. With 30 minutes to go let's see if there is a surprise mop up.

Market reaction to impending case this time is different. Perhaps an indication that the outcome of the case will be different tomorrow

OANDO sighted on full offer @#12.10K

Immediately I press buy the transaction went through just now.
If them like make them adjourn the case tomorrow. Better they just cancel the case o

Adinije:
DS/NS follow banks dey dip, if bank appreciate now, they will not

Streetinvestor2:
Single digit for bond is not possible oh.You should say btw 12 -15%

Lots of stable nations are running on single digit. It is possible.
Double digit is a sign of bad economy. For us insecurity is a major cause of our bad economy amongst so many other vices. Me that like farming i just can't go farming anyhow despite the massive yields possible. Only the likes of PRESCO & OKOMU have demonstrated the untapped comparative advantage in farming.

yMcy56:

Ok thanks.
So it's Bonds today again.......issokay o.

I think till the bond rate (and inflation rate) go down properly; the market will struggle to rise well.

Bond rates need to go back to single digit for the economy to stabilize.

yMcy56:
This volatile Market self!
What's the cause of today's dumping again?
Inflation level or what again?
Today's trade doesn't look like the usual bear market from my point of view..

I think it is temporary. Tied around the bond auction of yesterday. The auction marginal rates started going down self. Some of those that bided too high and got nothing will come back to the market sooner or later.