mikeapollo:

The accounts for one financial year must be audited and filed with statutory and regulatory bodies e.g. CAC, FIRS, NUPRC etc before interim or quarterly results of subsequent years can be released.
The FY2023 audited accounts for Oando is due for release by ending September

unite4real:


That's not how we go about it here.
You may disagree with him but not an insult, rather you should give your own reason and make your contributions so that everyone can learn and also contribute to the discussion.

I hope I won't be insulted as well?

emmanuelewumi:
Late release of audited financial report to the investing public is a red flag.

Paying dividends 9 months after the financial year is also a red flag as per the liquidity and cash position of the business.

emmanuelewumi:




Even banks that requires rigorous scrutiny by CBN, SEC have all released their 2023 audited financial report, some have even released their H1 2024 audited financial report.

Ballzproblem2:
nope unless you believe naira will outperform dollar.

megawealth01:
I really don't know how to get link to news but I will ask someone to someone to help me get it soon

yMcy56:

....but you've been posting different news links.....
Isn't that the way to post links too?
That is: Highlight the news by pressing down on the link, then copy and paste in a post. 😊

Laso09:

https://nairametrics.com/2024/09/14/gtco-to-write-off-aiteo-loan-and-switch-to-aggressive-recovery-plan/

Agbalowomeri:


Person wey dey hangover you dey answer am

Agbalowomeri:


Business sha. You collect loan from person, still carry am go court when you never pay Lol

Exceptional items loading....

megawealth01:
By tomorrow, Sunday15.09.2024, NNPCL will start lifting pms from Dangote Refinery and sell to to marketers at N765. For now, Dangote Refinery will supply 25m liters daily while NNPCL will import the remaining 15 million liters.

By end of October, Dangote supply will rise to 35m liters while NNPCL importation reduces to 5m liters until importation is faced out completely and pms supply is 100% locally produced from Dangote and other local refineries.

Raider76:


Na same for rent nah. Tenents de take landlord go court. You sweat build house and tenent take you go court say you de harass am. I hear say for Abuja some landlords no de give house to persons from one part of the country again because they sabi this kin thing.

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

Streetinvestor2:
Make owner teach me how to upload image,delete and share link on this thread.

vacanci:


In Nigeria, the stock market closed 24 hours ago.

Which time zone are you in?

megawealth01:


You don truly try. The game is the game

Sunrisepebble:
If they like let them say life does not revolve around me again. I’ve given the full gist to the best of my ability. I have more info to come this week. This one is for a penny stock (<#5), still trying to get the full gist and doing my DD. But before I’m called a MH, I admittedly do not have a single horse in the race unlike FMN and Aradel where I have many horses.

Sunrisepebble:
If they like let them say life does not revolve around me again. I’ve given the full gist to the best of my ability. I have more info to come this week. This one is for a penny stock (<#5), still trying to get the full gist and doing my DD. But before I’m called a MH, I admittedly do not have a single horse in the race unlike FMN and Aradel where I have many horses.

eziokwunwoko:
Good evening Sir Sunrisepebble. Kindly reveal the penny stock before it is too late

yMcy56:

*Always good to "Share" posts you viewed as educative, valuable or important to you for easy future reference.
These posts will all be listed in "Posts I've Shared" in your Profile Page.

* To "Modify" or make amendment to any of your posts, click on "Modify", right below the post, make the changes and "Submit"

*Can see that other concerns had been addressed.

Sunrisepebble:
If they like let them say life does not revolve around me again. I’ve given the full gist to the best of my ability. I have more info to come this week. This one is for a penny stock (<#5), still trying to get the full gist and doing my DD. But before I’m called a MH, I admittedly do not have a single horse in the race unlike FMN and Aradel where I have many horses.

DeRuggedProf:


Release the Charming info before you complete your DD...

NB: make nobody quote me oo...

Streetinvestor2:
I doubt if is that charming. It should be between japa or another company that handles maintenance of japa airplanes .They are the two in the news of recent. I believe it is the later why you see recent bid.The chinko partnership

eziokwunwoko:
Japaul or caverton or charms or ellah lake?

Kereokwu:
Happy Sunday and big thank you to all the resource persons; those who give information, analyse stocks, stock picks, critic/have different opinion/caution, the silent reades and comic reliefs may the Lord bless us all.

Pls I want to open a second stock broker account, I have Morgan Capital and so far they've been good. I want a broker with:
1. Real time online trading
2. Competive brokerages charges
Good customer service
Thanks in anticipation

Sunrisepebble:
If they like let them say life does not revolve around me again. I’ve given the full gist to the best of my ability. I have more info to come this week. This one is for a penny stock (<#5), still trying to get the full gist and doing my DD. But before I’m called a MH, I admittedly do not have a single horse in the race unlike FMN and Aradel where I have many horses.

emmanuelewumi:




Even banks that requires rigorous scrutiny by CBN, SEC have all released their 2023 audited financial report, some have even released their H1 2024 audited financial report.

megawealth01:


How exactly?

I still sent dollars home last week and the rate never change

mikeapollo:

Oando has been having issues releasing their accounts on time for several years now, so I thought you are already aware. In fact 2022 accounts was released 2024. It is not good, but that is what the market/industry has been coping with in recent times.
The red flag has always been there and obvious.

You have already provided an answer to the reason why banks prepare their accounts on time .....rigorous scrutiny, timelines and heavy penalty for default imposed by CBN, SEC, etc.
I am not sure if such timelines and heavy penalty is imposed by NUPRC but I agree it is not good for their corporate image and for investors

megawealth01:


News source

https://www.pulse.ng/news/local/lifting-of-petrol-from-dangote-refinery-begins-sunday-nnpc-sole-buyer-fg/vlj24my