bovali:


Mr Time. Seems someone has seen results

I am guessing this was earlier in the day

godlyguy:


OANDO shot themselves in the leg while trying to MEDIA HYPE.
They should just improve on the financials instead of all these unnecessary media dramas

Leave matter for Mathias. You are sounding like a broken record.


Chill till the result is out.

Although I don't expect much as per the negative shareholders fund or insolvency status of the business business for the next 2 years and above

ndept:
Habaa oga. Don't you have a little bit of moral, shame or humility? The same Oando you have been warning people not to buy since it was N25 moved in price to N90 in less than 2 months and humbled you and your warning. Yet you still have the justification to still be talking about it, instead of you to keep quiet and enter into your shell quietly. Haba, please respect yourself and concern yourself with other important things that will better your life. Is it because of Oando that you came to NSEMPA? Do you know that some people here may have missed out of the Oando largesse due to your persisted grievance against Oando? Traders, including myself here made massive gain from Oando and will still enter Oando if I still see the price as being undervalued when they release their result towards the end of this month.

Once again, Kudos to people like @Bagwa, prophet Utuocha, Ymcy, onlygentleguy, mikeapollo, megawealth and others who sticked to their perceived vision and journey of Oando and by now everyone has, and is still reaping massively from the Oando capital appreciation.

He is clearly bitter and pained that he missed out on an opportunity of a lifetime. Everyone will feel that way, but many will pick themselves and move on instead of whining like a faulty wheel brake.

emmanuelewumi:




Leave matter for Mathias. You are sounding like a broken record.


Chill till the result is out.

Although I don't expect much as per the negative shareholders fund or insolvency status of the business business for the next 2 years and above

Not “sounding like”, already is a broken record of pain, regret, frustration and sadism here on account of missing out on a once in a lifetime opportunity.
I left Oando at just over N12 and when it climbed to over 40 I used to be frustrated every time it hit 10%, because I was hoping for it to reverse so I can jump in. I managed to get in around 50-60 and now look forward to the 10% rise that keeps frustrating that fellow.
The lesson is to pick yourself up when you fall, and seek for consolation as I did, but that fellow has remained on the floor ever since, whining over the spilled milk

ndept:
Habaa oga. Don't you have a little bit of moral, shame or humility? The same Oando you have been warning people not to buy since it was N25 moved in price to N90 in less than 2 months and humbled you and your warning. Yet you still have the justification to still be talking about it, instead of you to keep quiet and enter into your shell quietly. Haba, please respect yourself and concern yourself with other important things that will better your life. Is it because of Oando that you came to NSEMPA? Do you know that some people here may have missed out of the Oando largesse due to your persisted grievance against Oando? Traders, including myself here made massive gain from Oando and will still enter Oando if I still see the price as being undervalued when they release their result towards the end of this month.

Once again, Kudos to people like @Bagwa, prophet Utuocha, Ymcy, onlygentleguy, mikeapollo, megawealth and others who sticked to their perceived vision and journey of Oando and by now everyone has, and is still reaping massively from the Oando capital appreciation.

If he were a stockbroker he will likely have been fired for failing woefully in the KPIs. Heck, if this was a physical forum some of those investors who lost out will attempt to break his jaws for grandstanding, even after what he spoke about grew from 20 to 90.
It’s just to accept that one missed this one and move on to other opportunities, and stop whining over spilled milk.

Tpharell:

If he were a stockbroker he will likely have been fired for failing woefully in the KPIs. Heck, if this was a physical forum some of those investors who lost out will attempt to break his jaws for grandstanding, even after what he spoke about grew from 20 to 90.
It’s just to accept that one missed this one and move on to other opportunities, and stop whining over spilled milk.

Break jaw bawo, na boxing or wrestling we they fight. this is a joke taken too far.

Gradually it will make sense.

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*

https://www.benzinga.com/personal-finance/24/09/40881429/warren-buffetts-daughter-asked-him-for-a-41-000-loan-to-remodel-her-kitchen-but-the-billionaire-

Warren Buffett's Daughter Asked Him For A $41,000 Loan To Remodel Her Kitchen, But The Billionaire Told Her: 'Go To The Bank Like Everyone Else

megawealth01:
https://www.benzinga.com/personal-finance/24/09/40881429/warren-buffetts-daughter-asked-him-for-a-41-000-loan-to-remodel-her-kitchen-but-the-billionaire-

Warren Buffett's Daughter Asked Him For A $41,000 Loan To Remodel Her Kitchen, But The Billionaire Told Her: 'Go To The Bank Like Everyone Else

I'm learning

Ever wish tracking the Nigerian stock market was as easy as popping bubbles? Now it is! 🎯

🌐 Visit: stockbubbles.com.ng

emmanuelewumi:




Leave matter for Mathias. You are sounding like a broken record.


Chill till the result is out.

Although I don't expect much as per the negative shareholders fund or insolvency status of the business business for the next 2 years and above

Many thanks Sir for your words of wisdom laced with experience and understanding 🙏🏽. I hope they adhere to it, take time to reflect, and seek to learn to do better next time. There will always be opportunities in the market.

For anyone buying Oando at this current price, they should know that they are taking a very big risk prior to more information or news being out, which should enable them to guage the proposed trajectory of the stock.

However, trolling people not to buy when it was NGN2 to NGN5 when arguments were on about the proposed delisting action would not be palatable today on the lips and tongues of anybody who missed out from those opportunities.

Even at the price of NGN40, the regret of missing out would be a hard pill to swallow today for those who missed the bus. They should just note that another bus will always be on it's way even if there is scarcity of the energy required to fuel it.

crownprince2017:


Break jaw bawo, na boxing or wrestling we they fight. this is a joke taken too far.

Just trying to make a strong point about the grandstanding even after clearly getting the call wrong. It’s bad enough that some may have missed out based on his wrong readings, but it’s adding insult to their injury to be doubling down on it.
If this was a betting center in the ‘area’ (hood), that jaw breaking will probably not be a joke taken too far!

Damn you can abuse oooo , if anybody has experienced a faulty break pad , I’m sure they will be able to relate 😃with the way it make noise 😂😂

Tpharell:

He is clearly bitter and pained that he missed out on an opportunity of a lifetime. Everyone will feel that way, but many will pick themselves and move on instead of whining like a faulty wheel brake.

Na only that?
Till today, if the man didn't talk, we will still be thinking that NNPC has 25% stake in the DR. Till now, no clear reason about why the eventual 7.5%, and where the remaining loan and fund meant for the initial 25% entered.
NNPC is a coven!

megawealth01:


The last time he provoke we found out he didn't get the massive land free as government made us believe

Dangote wan pick up another fight again.

megawealth01:
Dangote Refinery plans sea transport for 75% of local supply, targeting Warri, Port Harcourt, and Calabar

https://nairametrics.com/2024/09/16/dangote-refinery-plans-sea-transport-for-75-of-local-supply-targeting-warri-port-harcourt-and-calabar/

olig:
Na only that?
Till today, if the man didn't talk, we will still be thinking that NNPC has 25% stake in the DR. Till now, no clear reason about why the eventual 7.5%, and where the remaining loan and fund meant for the initial 25% entered.
NNPC is a coven!

They should list in NGX jare

Agbalowomeri:


Na themselves fit fight themselves to release Nigeria from their clutch

Yes o.

Especially as it seems dem dey listen and act when he talks

You say 🤔
You mean NNPCL?

I will fear to go in o. Except I get a convincing info., analysis and data/statistics from experts like you.
Since I was born, I have never heard any good new from NNPC. Na so so lies and stealing. They might be the "next society generale". It can go from 5k to 0.5 in a week.

megawealth01:


They should list in NGX jare

IYGEAL:


Yes o.

Especially as it seems dem dey listen and act when he talks

What is happening between the Dangote Group and NNPC is a case of incompetence meeting head on with competence and precision. Accountability and business integrity meeting with a system where deceit and lies form a core ingredient of existence.
Any one swapping jobs from Shell to the Nigerian civil service will easily develop migraine and BP due to the huge golf in standards and procedures.
The sudden grey hair on Alhaji says it all.
If that is his sacrifice for this country, may Nigeria be liberated finally.

olig:
You say 🤔
You mean NNPCL?

I will fear to go in o. Except I get a convincing info., analysis and data/statistics from experts like you.
Since I was born, I have never heard any good new from NNPC. Na so so lies and stealing. They might be the "next society generale". It can go from 5k to 0.5 in a week.

Not really

megawealth01:


They should list in NGX jare

Even if they did, it won’t change much.
Where do we always get this delusion of ‘game changer’? That’s how Dangote was supposed to be the game changer to crash petrol price, and PVC/IREV were supposed to be the game changers in the electoral process. Today we know better.
Without strong institutions, it’s all a waste of time. Recall Oando got suspended on JSE for late filing, but NGX and SEC here where the company operates all looked away.
With the lawlessness and impunity of the establishment, NNPCL listing cannot change much as market regulators will be waiting for the body language (odor) of the government to decide which way to act

OakPearl:


What is happening between the Dangote Group and NNPC is a case of incompetence meeting head on with competence and precision. Accountability and business integrity meeting with a system where deceit and lies form a core ingredient of existence.
Any one swapping jobs from Shell to the Nigerian civil service will easily develop migraine and BP due to the huge golf in standards and procedures.
The sudden grey hair on Alhaji says it all.
If that is his sacrifice for this country, may Nigeria be liberated finally.

He already said it that entrepreneurs in Nigeria don't need to go hell after succeeding in NAIJA

Tpharell:

Even if they did, it won’t change much.
Where do we always get this delusion of ‘game changer’? That’s how Dangote was supposed to be the game changer to crash petrol price, and PVC/IREV were supposed to be the game changers in the electoral process. Today we know better.
Without strong institutions, it’s all a waste of time. Recall Oando got suspended on JSE for late filing, but NGX and SEC here where the company operates all looked away.
With the lawlessness and impunity of the establishment, NNPCL listing cannot change much as market regulators will be waiting for the body language (odor) of the government to decide which way to act

Lead me not into temptation. I want to maintain my lane with those institutions/names you mentioned

toyeoye:
Ever wish tracking the Nigerian stock market was as easy as popping bubbles? Now it is! 🎯

🌐 Visit: stockbubbles.com.ng

Big things coming on the NGX as the market opens!

Get in early, track your favourites and get ready to explore the Nigerian stock market like never before!

🌐 Visit: stockbubbles.com.ng

megawealth01:


Lead me not into temptation. I want to maintain my lane with those institutions/names you mentioned

Strong institutions not individuals and bodies that are subservient to their paymasters and the Establishment.
It’s not just SEC, NGX, CAC, and other players in the corporate sector. It’s every one of the very many regulatory bodies in Nigeria. They are all weak and subservient, and I don’t see how a whole NNPC with the backing of the establishment cannot have its way with SEC & NGX

Tpharell:

Strong institutions not individuals and bodies that are subservient to their paymasters and the Establishment.
It’s not just SEC, NGX, CAC, and other players in the corporate sector. It’s every one of the very many regulatory bodies in Nigeria. They are all weak and subservient, and I don’t see how a whole NNPC with the backing of the establishment cannot have its way with SEC & NGX

Again lead me not into temptation before they go say I wan derail this forum

BUT make I talk small...

Last year I wanted my company to have a physical presence in Nigeria una institutions no gree oooooo as I no want wahala in the future when the country I reside in starts looking into my deals outside of their space na so I just face KENYA, SOUTH AFRICA and GHANA

I will still establish it in Nigeria but when is unknown for now

godlyguy:

OANDO shot themselves in the leg while trying to MEDIA HYPE.
They should just improve on the financials instead of all these unnecessary media dramas

emmanuelewumi:

Leave matter for Mathias. You are sounding like a broken record.
Chill till the result is out.
Although I don't expect much as per the negative shareholders fund or insolvency status of the business business for the next 2 years and above

On your quoted Investopedia picture, I don't think (I am not sure as I rely only on their published financial statements - perhaps another media hype) the plc is insolvent as it still meets its payments to lenders. Also, it generated a positive cashflow from operations in the unaudited 2023 FY published. Infact its cash balance grew in 2023 after cashflow payments to lenders and cashflow out for investment activities, suggesting a turnaround has commenced. Looking closely at the make-up of liabilities a sizeable amount is provision for expected settlements that arose in 2023 plus also provisions for decommissioning activities. If one looks at quarter on quarter perhaps one will have a better clue at that provision to see if there is possibility for the final amount coming out higher or smaller. Also, Oando appears prudent for putting provisions for decommissioning activities in its liabilities. It is worth cross-checking if other local oil production companies like SEPLAT and ARADEL have provisions for decommissioning activities and to understand what exactly the provisions are for.

This is not a warning or Sell or Buy recommendation. But a discuss. Oando may fall or rise in price.

BabsO2:




On your quoted Investopedia picture, I don't think (I am not sure as I rely only on their published financial statements - perhaps another media hype) the plc is insolvent as it still meets its payments to lenders. Also, it generated a positive cashflow from operations in the unaudited 2023 FY published. Infact its cash balance grew in 2023 after cashflow payments to lenders and cashflow out for investment activities, suggesting a turnaround has commenced. Looking closely at the make-up of liabilities a sizeable amount is provision for expected settlements that arose in 2023 plus also provisions for decommissioning activities. If one looks at quarter on quarter perhaps one will have a better clue at that provision to see if there is possibility for the final amount coming out higher or smaller. Also, Oando appears prudent for putting provisions for decommissioning activities in its liabilities. It is worth cross-checking if other local oil production companies like SEPLAT and ARADEL have provisions for decommissioning activities and to understand what exactly the provisions are for.

This is not a warning or Sell or Buy recommendation. But a discuss. Oando may fall or rise in price.

Good and objective take.
Take note also that the decommissioning provision is a new regulatory requirement of the PIA which the NUPRC is enforcing in the divestments. I know for a fact it is one of the things holding back the Mobil/ Seplat deal as the fund had not initially being factored in the deal. The divesting assets are old and some are close to their design end life, upon which they need to be decommissioned. The PIA framers thought it wise to make provision for a dedicated fund for that activity

Tpharell:

Even if they did, it won’t change much.
Where do we always get this delusion of ‘game changer’? That’s how Dangote was supposed to be the game changer to crash petrol price, and PVC/IREV were supposed to be the game changers in the electoral process. Today we know better.
Without strong institutions, it’s all a waste of time. Recall Oando got suspended on JSE for late filing, but NGX and SEC here where the company operates all looked away.
With the lawlessness and impunity of the establishment, NNPCL listing cannot change much as market regulators will be waiting for the body language (odor) of the government to decide which way to act

Dangote Refinery can be truly a ''game changer'' for good reason. It creates jobs, saves/reduces dollar demand etc.

However, Dangote is being blackmailed by a mischievous and disingenuous NNPC, which has mischievously released the cost of PMS from the refinery in order to pre-empt and pitch the people against the refinery.
Dangote bought its current stock of crude in dollars, and that is what he can sell to NNPC until October 1, when he receives crude in naira from NNPC
NNPC has not yet sold its crude in naira to Dangote (until Oct 1), so why is the NNPC rushing to tell us the cost makeup of PMS from the refinery's stock of crude which was bought in dollars? NNPC deliberately did that so that the citizens would complain that the cost (N898) is too high and provide an excuse for NNPC to justify importing from abroad.
If the NNPC was transparent and accountable, they should have given us the cost make up of their imported PMS long before now, so we can compare with the cost of PMS refined by Dangote from their dollar-based imported crude.

The key thing to focus on is this:
The NNPC should tell us the naira cost/price at which they will be supplying crude to Dangote, from October 1.
Then we can also get the cost/price of refined PMS from Dangote from October 1.
If the cost of crude from NNPC is competitive/cheap, the refined product from Dangote will also be competitive/cheap.
The NNPC should stop playing on the intelligence of Nigerians.
Dangote Refinery can be the game changer that we want (at least for now) if it gets all the required support from the government.

Dingg!!!

FMN

mikeapollo:


Dangote Refinery is truly a ''game changer'' for good reason. It creates jobs, saves/reduces dollar demand etc.

However, Dangote is being blackmailed by a mischievous and disingenuous NNPC, which as mischievously released the cost of PMS from the refinery to pre-empt and pitch the people against the refinery.
Dangote bought its current stock of crude in dollars, and that is what he can sell to NNPC until October 1, when he receives crude in naira from NNPC
NNPC's has not yet sold its crude in naira to Dangote (until Oct 1), so why is the NNPC rushing to tell us the cost makeup of PMS from the refinery's stock of crude which was bought in dollars? NNPC deliberately did that so that the citizens would complain that the cost (N898) is too high and provide an excuse for NNPC to justify importing from abroad.
If the NNPC was transparent and accountable, they should have given us the cost make up of their imported PMS long before now, so we can compare with the cost of PMS refined by Dangote from their dollar-based imported crude.

The key thing to focus on is this:
The NNPC should tell us the naira cost/price at which they will be supplying crude to Dangote, from October 1.
Then we can also get the cost/price of refined PMS from Dangote from October 1.
If the cost of crude from NNPC is competitive/cheap, the refined product from Dangote will also be competitive/cheap.
The NNPC should stop playing on the intelligence of Nigerians.

Not yet until this government let that man do his work without trying to frustrate him