BabsO2:


Oando had a negative SHF of N214b in unaudited 2023 from a priot year negative SHF of N183b. Its rate of depletion of shareholder funds decelerated in 2023. The depletion of shareholder funds started in 2019 with a huge acceleration.

Looking at SEPLAT. Its shareholder funds increased in 2023 by N800b

Oando should be able to get a positive SHF in 2024 mid year assuming its unaudited 2023 is not restated. This is premised on SEPLAT's SHF growing by another N1000b in the first six months of 2024. Turning a negative N214b shareholder's fund to positive right now should not be a beggie for OANDO. Otherwise it has very very very serious issues.

Too ambitious

Did you know
Oando supposed to raise # Three trillion to fund their projected 2024 budget,
# One trillion as bonds by June 2024 but maybe the devaluation of the # made them to pause. They even engage consultant for their rating score. *Also use private offer from major shareholders for # Two trillion not sure if they include right/public* and *Shares for payment to vendors*

OandO matter is very complicated. The more you look, the less...

but the bolded seems like abracadabra OR are you a motivational speaker?

Every mallam to his kettle…

BabsO2:


Oando had a negative SHF of N214b in unaudited 2023 from a priot year negative SHF of N183b. Its rate of depletion of shareholder funds decelerated in 2023. The depletion of shareholder funds started in 2019 with a huge acceleration.

Looking at SEPLAT. Its shareholder funds increased in 2023 by N800b

Oando should be able to get a positive SHF in 2024 mid year assuming its unaudited 2023 is not restated. This is premised on SEPLAT's SHF growing by another N1000b in the first six months of 2024. Turning a negative N214b shareholder's fund to positive right now should not be a beggie for OANDO. Otherwise it has very very very serious issues.

Sunrisepebble:
Na wa hearing someone bought 5mn units of FMN in one trade . Na why i Dey hesitant to drop the full gist before SEC come carry me

Na for person way dey interested in the stock. I think I sold all mine at 35 because of yeye results every Yr.This company will make all the money in naija but the management will use all kind of cost to write it down.I got tired of complaining and decided to have my peace. I pray after all these the management will have a change of heart You will be wondering how NNFM will be making better profit than them as a subsidiary

Streetinvestor2:
Oga na person way no sabi Bible you go tell all this.You are just after 10 %.You did not tell me whr you built the fire you will put your own children when they commit.
We all died through christ and Rose with him as believers.The bigger problem of nigeria is people like you in the body of christ who are quick to condemn. You put fear and lies in the mind of the people to collect money.
I personally have grown pass that in my spiritual journey. You people always pick a verse or few verses in the bible and misrepresent them out of context.Oga thr is no hell fire.It is the English bible that introduced that.It is hell which means death

I'm done ...

You as a free moral agent, is free to believe anything you like. After all, many believe there's no God.

A day is coming when our physical bodies can't survive on earth again and we'll find out the whole truth about the spiritual world.

Shalom !!

Yemy3m:
Did you know
Oando supposed to raise # Three trillion to fund their projected 2024 budget,
# One trillion as bonds by June 2024 but maybe the devaluation of the # made them to pause. They even engage consultant for their rating score. *Also use private offer from major shareholders for # Two trillion not sure if they include right/public* and *Shares for payment to vendors*

I think the ENI deal might have affected their earlier plans, and they probably decided to seal it to boost their value/ratings before going out to raise more capital.

So how has Oando been able to fund their 2024 operations so far? From the Afrexim Bank loan alone or additional loans to be disclosed in the HY2024 results?

Sunrisepebble:
Na wa hearing someone bought 5mn units of FMN in one trade . Na why i Dey hesitant to drop the full gist before SEC come carry me

That is to show you that Life doesnt revolve around only you . Even if you don't drop Others will drop somewhere else. Even when we begged you tire.

veecovee:


I'm done ...

You as a free moral agent, is free to believe anything. After all, many believe that there's no God.

A day is coming when our physical bodies can't survive on earth again and we'll find out the whole truth about the spiritual world.

Shalom !!

Before you go tell me whr your own lake of fire is built since you be monster...hahaha. You children suppose dey on guide. All the questions I asked you take style dodge....guy man pastor

You have to understand we’re dealing with sensitive information. I am relatively new to this forum, I don’t know what the policy is on insider info and how much someone is allowed to share. I sha advised positively on the stock. So you can’t say I didn’t drop

Hedgefunds:



That is to show you that Life doesnt revolve around only you . Even if you don't drop Others will drop somewhere else. Even when we begged you tire.

Sunrisepebble:
You have to understand we’re dealing with sensitive information. I am relatively new to this forum, I don’t know what the policy is on insider info and how much someone is allowed to share. I sha advised positively on the stock. So you can’t say I didn’t drop

I believe if you are working in sec or nse and the information has reached your office official it should not be of any worry. Then if you are a staff of the company and the information is still confidential. If they catch you.You don buy job as dey say in the military

Neither, I just happen to have an expansive network and aware of any major happenings in the corporate scene

Streetinvestor2:
I believe if you are working in sec or nse and the information has reached your office official it should not be of any worry. Then if you are a staff of the company and the information is still confidential. If they catch you.You don buy job as dey say in the military

Sunrisepebble:
Neither, I just happen to have an expansive network and aware of any major happenings in the corporate scene

Weldon. I will not talk again. Over to other forum members...
gwo gwo gwo ngwo !

ositadima1:


On a serious note, for people in the diaspora, wouldn't it be better to invest in these 17-18% bonds that last for years? You could simply repatriate $40,000 to $50,000, put it in one of those bonds, and use the returns to handle all those requests (wahala...) from your Nigerian family and relatives back home.

You could give out 1 million naira at random to any lucky family or friend every month, and they would love you for it without any further expenses on your part. Your initial $50,000 investment would still be there, though it might fall in value over time. But what do you care? It's just $50,000, right? And you can keep giving for years.

Lmfao, forget what you see on the internet, how many diasporians have $50k sitting somewhere to repatriate to Nigeria? Sending $50k here means you must have earned $80k, then you account for taxes and other deductions.

Life na jeje whether in Nigeria or abroad

You are a blessing to this platform. God bless you

Sunrisepebble:
Neither, I just happen to have an expansive network and aware of any major happenings in the corporate scene

Ades1:




Lmfao, forget what you see on the internet, how many diasporians have $50k sitting somewhere to repatriate to Nigeria? Sending $50k here means you must have earned $80k, then you account for taxes and other deductions.

Life na jeje whether in Nigeria or abroad

Make owner no vex as low class or middle class.Is it easy to earn 10M in USA or Canada in regular job a month. I want to understand more on this japa thing

KarlTom:
This should not be an issue.

If they want to continue 'importation' they'll have to source for their ForEx themselves.
In addition, there is no way the populace will buy from them at a more expensive rate per litre.

Sadly this shows that the 'subsidy collectors' are the cabal responsible for our failing naira

They are an association, so hard to dislodge them. They also control about 87% of filling stations in the country.

Streetinvestor2:
Make owner no vex as low class or middle class.Is it easy to earn 10M in USA or Canada in regular job a month. I want to understand more on this japa thing

₦10m/month is average income, it becomes a different story after taxes, insurance, government pension and retirement. You'd be lucky if you're left with ₦6.5m. Then rent go collect around ₦2m, electricity, water, gas and gas for motor will take another ₦1m. Food is easily another ₦1.5m, daycare is another ₦2m or more.

Here are additional expenses that I didn't mention, phone, internet, clothes, occasional eating out, social activities etc. This is why a lot of people supplement their income with things like uber & lyft.

This scenario is like the majority, there are people who are doing extremely well with crazy high incomes, but those are usually outliers. But on the internet, we all act like the outliers, everybody is balling hard on the internet

mikeapollo:


You may be right, after all.
I was only being very conservative and cautious in my expectations of Oando's performance in 2024.

I read a report on the 2023 results stating that its oil exploration and production activity constituted only 4% of total revenue, but contributed 53% of operating profit and 41% of pre-tax profit, indicating very high margins.
If this trend is sustained or improved on, then the ENI assets (which fall under production) could make very huge impact for Oando, starting from Q3 2024

If SHF remains negative in 2024 it means wahala. Price may start going down or never shoot above 100

robobo:

Too ambitious

Should be clearer in another couple of weeks.

BullBearMkt:

What's SHF bros?

That’s too simple for you

Ades1:


₦10m/month is average income, it becomes a different story after taxes, insurance, government pension and retirement. You'd be lucky if you're left with ₦6.5m. Then rent go collect around ₦2m, electricity, water, gas and gas for motor will take another ₦1m. Food is easily another ₦1.5m, daycare is another ₦2m or more.

Here are additional expenses that I didn't mention, phone, internet, clothes, occasional eating out, social activities etc. This is why a lot of people supplement their income with things like uber & lyft.

This scenario is like the majority, there are people who are doing extremely well with crazy high incomes, but those are usually outliers. But on the internet, we all act like the outliers, everybody is balling hard on the internet

Guy you can't be right with this figures
The money is finished now.So whr is the savings going to happen. Then why do they make many who are here believe you can comfortably save minimum of 5M every month in average earnings. I hear a lot of people saying they are going to Canada to be truck driver/factory work and other regular jobs

Streetinvestor2:
Guy you can't be right with this figures
The money is finished now.So whr is the savings going to happen. Then why do they make many who are here believe you can comfortably save minimum of 5M every month in average earnings. I hear a lot of people saying they are going to Canada to be truck driver/factory work and other regular jobs

You see that bolded if you have the licence, you indeed can save in "Xm" naira monthly if you are intentional about it. The X amount will be dependent on your earning's dependants though

Streetinvestor2:
Guy you can't be right with this figures
The money is finished now.So whr is the savings going to happen. Then why do they make many who are here believe you can comfortably save minimum of 5M every month in average earnings. I hear a lot of people saying they are going to Canada to be truck driver/factory work and other regular jobs

Those figures are very conservative, lots of people are in deficit at the end of the month but you’ll never hear about that on the internet.

A truck driver can easily pull in ₦15-₦20m monthly but a lot has to be sacrificed. If you’re single, then that’s even better, you can skip on rent and sleep at truck stops or $30/night motels which means you’re not paying ₦2M+ in rent every month. You could save half of your salary easily but how many people want to live like this?

You’ll have money, but you won’t have time for family or for anything else. I know money is all that matters to most of us in this part of the world, but for a few that’s too much of a sacrifice.


But all in all, I think abroad is better when you factor in everything. In abroad if you mind your business there is almost zero chance one yeye soldier go come slap you but in Naija, you never know 😂😂😂. For some countries, you fit get small armory for your house ready for any bastard wey wan come try rubbish with you and your family, here in NAIJA that is reserved for only the elites.

Ades1:




Lmfao, forget what you see on the internet, how many diasporians have $50k sitting somewhere to repatriate to Nigeria? Sending $50k here means you must have earned $80k, then you account for taxes and other deductions.

Life na jeje whether in Nigeria or abroad

If you work in healthcare as a nurse, doctor, or related professional and you couldn't save $80,000 in 3 to 4 years, you should recognize that you've either chosen to live extravagantly or you're residing in a very expensive city.

A registered nurse can save $20k a year easy. Why do you think they are leaving Nigeria by the hundreds? I am stating a fact here; take your time and do your research. Then there are those who go abroad without a plan, but I'm not referring to those diasporans. Lol

Building a 100 million naira portfolio in few years (3 to 5 years) is very achievable for a diasporan if they have the proper knowledge or follow FA guys and some TA guys on this thread.

An average Nija worker can top up 2 to 10 million naira to stocks annually, but a diasporan can invest much more due to favorable exchange rates.

Streetinvestor2:

Pls still help on the question on how to post images,links and delete on this thread. I only sabi quote. And how to retrieve my old post

--->Post Images:
when you click the usual reply or quote button to comment, you would see this choose file option button.

There are 4 in number meaning, one can only post a maximum of 4 images on a single post..

If you intend to post more than one image, you will have to complete each process at a time.

Each process will take you to the documents or gallery of your phone.

The rest of the process to select your desired image are internal processes which again depends on ur phone and storage location.

Once successfully uploaded, the name of the file is visible beside the choose file option button which you previously clicked.

Once you are done with the upload and your desired comment, you can then click submit.
Attached is the choose file button (Circled in Red) below the submit button.

ositadima1:
Sorry to bother you all with my nonsense. I'm heading back to work now, where I'll be calculating load flow, short circuit currents, motor starting parameters, and relay settings using ETAP software for my supervisors. It is burring, I swear.

I see sense in the nonsense
Is ETAP the popular industrial standard for Engineering industry in Nigeria?
I ve heard of AutoCAD used by many.
Would like to know and advise a to-be Engineer to learn a relevant software tool after school.
Dunno what tool is current nowadays.

Sorry for digressing.

chimex38:
.t

Bros. Hope you are OK.

Streetinvestor2:
Make owner teach me how to upload image,delete and share link on this thread. On serious note I only sabi quote post.And I want to equally know how to retrieve my old post or someone else post

--->Delete: Quote your post by using the quote option below your own post and edit/delete as you please..

---->Retrieve Old Post:
Click on your moniker at the top of Nairaland home page or any of your previous post.
It will take you to My Profile page.
At the bottom of the page, you will see view my posts. Click on view my posts and all comments by you are numbered in pages just as NSEMPA pages are numbered from page 1 to page 8,163..

Your most recent comments are in page 1.
Your next recent comments will be page 2...
Followed by page 3....
etc......
Until your first ever comment in ascending order of numbers.


---->Post links:
highlight and copy the links from the top of your phone on the web page you are currently viewing.. and just paste it on the reply page on NL as part of your comment..
webpage links shown below.

(Circled in red)

Sunrisepebble:
Neither, I just happen to have an expansive network and aware of any major happenings in the corporate scene

You are doing well my brother.
Please ignore the naysayers.

Raider76:


Bros. Hope you are OK.

Lol.. Your questn is very much in order.
I probably took a longer time.
I'm very much OK.