SonofElElyonRet:

This thread is currently hot now. Make dem no go talk say bright mind like you no get IQ

Na money I dey find, nothing concern me and IQ.
Abi you don ever hear dangote, elumelu, otedola etc dey talk about IQ? Na only poor man dey think that side.
Rich man go employ that High IQ guy and pay him peanuts to make millions for the bigman

I actually fell for this

Agbalowomeri:


N15 here we go

Lol. This one na big stone.

purity2all:
CHAMS result don land 9

They tried. EPs moved up from 1.6 to 8.7 kobo
But 8.7 kobo EPs is not good enough for current price

unite4real:


The dividend yield of 4.3% at current market price is far better than all those transcorp companies, geregu and about 20 other companies.

The last two years capital appreciation in those transcorp companies and geregu is far far better than the 10years cumulative dividend yield of almost all the companies on nse.
If aiico had rewarded that my guy like transcorp and geregu. He for still dey here by now.

talk2me2:

Custodian final dividend NGN 1.1
NEM dividend NGN 1
AIICO dividend NGN 0.07

See Aiico wey some people put better money in the hope of mega returns. E just dey mess up and down since that year.
Same with Caverton.
Those two stocks single handedly sent one of our ogas away from this forum
NSE go just dey humble us.

Even Zenith bank subsidiary get shares for gtco. Who I be not to follow?

Where Nosa. Come make we celebrate gtco. Wow
Don't know why I put more in zenith than gtco.

yMcy56:

Or Full offer
Chai!!
As hurtful as it may sound, I think there should be transparency in the dealings as well.....
Those guys have been hoarding info and hiding some details concerning the buy over...
Just yesterday or so, about 27.7% was done in Off Market Deals....
Why haven't anyone know about the purchase price per share till now??
... and they were looking at sealing the deal by May yet shareholders are still in the dark...

With these actions of theirs, it is not wise to remain with them as minority shareholders. Them go bend minority neck like tomorrow no dey.
They should conclude the deal as soon as possible.
I know say some senators get shares for wapco

KarlTom:
WAPCO almost on FB...

Abi na FO you mean

lexy2lexy:
Has anyone heard that senate is going to block Lafarge’s sale of WAPCO?

When did the Nigerian senate become an institution to be taken se....
Somebody needs settlement

leparj:
Was expecting at least N5.
We will manage it.
Same payment date as UBA.
Nice.

Its even 3.50 not N4.
This thier EPS of N32 is clearly audio.

KarlTom:
ZENITH

Final DIV. ₦4.00
QD. 11 April 2025
PD. 25 April 2025

https://doclib.ngxgroup.com/Financial_NewsDocs/43438_ZENITH_BANK_PLC-ZENITH_BANK_PLC_-_CORPORATE_ACTION_CORPORATE_ACTIONS_MARCH_2025.pdf

N4 is too small walahi

ojeysky:
Speaking to BusinessDay, Mordi said, “We start oil milling between Q1 and Q2 in 2025. The mill is almost fully installed and the commissioning should be by January-February and then production commences. We’ll be selling the kernels for a while. Then we’ll be producing palm kernel oil because we intend to acquire a palm kernel mill.”

https://businessday.ng/companies/article/ellah-lakes-eyes-palm-oil-production-in-2025/

Does anyone know if this ellahlakes has started production o

You go dey believe cowboys

Streetinvestor2:
This men are just same...cowboys
He wants to corner the shares to himself and via proxy. The other majority shareholders should fight him for this corruption

Its not fair but if its Ote$ taking up everything, then no wahala for me. Its in the best interest of penny shareholders like me

TEMPORARY SUSPENSION OF SALES OF PETROLEUM PRODUCTS IN NAIRA

Dear Valued Customers,

We wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira. This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars.

To date, our sales of petroleum products in Naira have exceeded the value of Naira-denominated crude we have received. As a result, we must temporarily adjust our sales currency to align with our crude procurement currency.

Our attention has also been drawn to reports on the internet claiming that we are stopping loading due to an incident of ticketing fraud. This is malicious falsehood. Our systems are robust and we have had no fraud issues.

We remain committed to serving the Nigerian market efficiently and sustainably. As soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira.

We appreciate your understanding and cooperation during this period.
Thank you.

Management
19th March, 2025

KarlTom:
In other news

The crude-for-naira deal is scheduled to end on 31 March 2025 (initial deal was for 6months: Oct 2024 to March 2025).

I would have expected the FG and Ministry of Petroleum to get a deal over the line ASAP but the cabals might be 'pressing some buttons'.

We watch as things unfold...

I want to buy one drum of fuel to sell black market.
Dangote says he will stop selling to the Nigerian market once the deal ends as he cannot buy in dollars from abroad and sell to Nigerians in Naira.
Fuel price go soon go up

Agbalowomeri:


The dividend will surely be a problem. Anything below N6 for GTCO and ZENITH will be bashed

In as much as I do not like Access bank dividend ratio, I think they have mantained a steady rise in yearly dividends for over five years now. The only issue that may affect their dividend growth this year should be the new shares issued.
See thier recent dividend history.

Heishere:


That's why he is joining Wike to destabilize RIvers. He knows that if Fubara is still Governor nothing for him in Rivers State in 2027.

But Fubara for Play fast one by simply decamping to APC and pledge allegiance to Tinubu. Evennif na fake allegience like Obaseki use to do

Heishere:


Oga no dey yan dust. If Tinubu's aim was to return peace to Rivers he would have curtailed Wike's excesses. Afterall he is just an appointee while Fubara is a duly elected Governor. He just dey destroy the economy dey go with his reckless leadership.

You do not know what agreement Tinubu had with Wike that made him "deliver" Rivers state in the last election the way he did.
Having delivered in the last elections, be sure that Tinubu will want to retain Wike for the next election inespecially as it concerns Rivers and FCT

Another oil pipe one explosion in rivers. Na was oh. Tinubu should call wike to order before this pole touch our newly acquired assets.
No wonder IOC are selling off their onshore assets.

Meanwhile tinubu to address the nation today

Sacks fubara and appoints...

"Asset" bank should be a Case study of how company majority owners and executives live large while shareholder only get "hope" as reward.

The former CEO built a world class mansion and university etc ... as he continued to "expand the bank"
The new set are simply saying "emi lokan" (it my turn) to "expand the bank"

SonofElElyonRet:
COMING SOON: ACCESS BANK PLC SERIES 3 & 4 COMMERCIAL PAPER OFFER

We need the money for our next "shopping spree" We go soon buy world bank.
While shareholders only watch as they spend our money.

starpower:
I bought my seplat 322 in 2020 it was an oil price glut. Same occidental corporation. Bought at 162 during 2016 later to sell at 598 around 2018 not too sure.

You are mistaking. That 2020 price was not necessarily oil glut price. That was covid price.
As at 21/12/2016 (before Trump) Seplat opened for the day at 390, Oando at 4.41.

On 18/12/2018 in second year of trump regime, Seplat had already appreciated to 594 while Oando was 4.75.

Oando issues were plenty. From suspension to the whole issue with mangal etc. But iys good to know they have overcome those issues

It was covid that did the major damage not necessarily Trump.

Agbalowomeri:


You will still get it cheaper

I pray

Heishere:


Aradel needs to come down for us.

If Aradel comes down that will be great, but that stock is too cheap on current price.
If they continue this year with the result of q4 2024, then na for moon you go see the price.

Aradel and Mtn are two stocks I pray to buy before the release of q1 2025 results.

zendi:

Okay, immidiately after the Conoco Philip deal signing , oil price plummeted because of excess output through Shale boom.

OPEC+ found itself locked in competition with Shale by alternating between production cuts to defend price and production boosting to defend market share.

Oando price crashed because investors were spooked by the slow rate of debt repayment occasioned by the low oil prices.

Go and ask Wale

And mind you, Oando was the only upstream company on the market then so none to compare it with.

NB/ let's go and sleep to resume tommorow.

Make I help with some dates and info.
Trump's first term was from 2017 to 2021.
Seplat was listed in 2014
Oando was therefore not the only upstream company during Trump's first term.
ConocoPhilips acquisition by oando was done in 2014. 3yrs before trump.
Trump is innocent of all accusations

zendi:
Markets Speculating is tough, and Crude Oil in particular, I've heard somebody say, is the most fickle commodity traded.

Yesterday, in a conversation mainly with Street, I argued that Trump's intent is to crash the price of crude oil. I also predicted that, almost inevitably, the direction of crude oil in Trump years is Southwards. I still maintain those views, but l made one mistake we're always making, especially with crude oil direction.
I forgot to caveate my convictions with the line : All things being equal.
Well, while we slept last night, many things fell apart.

*The same Donald Trump hammered the Yemeni Houthi militants mercilessly by airstrike for terrorizing the Mediterranean shipping routh.
The strike is said to be only just the beginning .
*Trump ordered Iran to stop supporting the Houthis or....
*Houthis are vowing that America will hear from them.
*Iran says Trump has no authority to dictate Iran's foreign policy.

So how are you seeing crude oil in all this?

Depending on how each of the actors involved is willing to back words with action, this is geopolitical escalation of a proportion that can escalate the price of crude oil to $200 or higher.

The Houthis can shut down a critical sea route for crude oil carriers around the world. They need only to sink one ship that may not even be an American ship and every captain will stay away.

Iran could dare America, and then America, or Israel, or both then jointly decide to fix Iran once and for all.

This is an unfolding event that began only last night. And if you think it's thread derailment, then you're certainly not an Oando, Seplat or Aradel investor, apart from Nigeria being a 70% oil dependent economy that stands to be affected.

You are right about many things but that part of Nigeria and Nigerian companies benefiting from oil price rise, i no too sure.
Nigeria appears to have sold its future when it comes to oil. They have collected all sorts of loan with oil yet to be extracted.
We only feel increase in fuel price when oil prices go up.

KarlTom:
The SPDC JV and others as reported by NUPRC

https://www.nuprc.gov.ng/wp-content/uploads/2024/04/UPDATED-2023-NUPRC-ANNUAL-REPORT.pdf

This report says 124k for the SPDC JV. So when you do the maths SPDC/Renaissance share should be 30% of the 124k which is about 37k barrels per day.
Since Aradel direct and indirect stake in Renaissance is 33.34% it means Aradel will then take 33.34% of 37k barrels per day, which is about 12k barrels per day.
Abeg make somebody re-do this thing for us. I no too sabi maths.

They

Sunrisepebble:
20k barrels really ? As at 2023 according to NUPRC, the company was producing 135kbpd, and about 60kboepd in gas. If true that just goes to show how little Shell were investing in the assets since they put it up for sale

The level of production remains too unclear. It might in fact be more than that 20k barrels. I suspect my source of info used shell's share of the JV which stands at 30%.
Only time will tell sha