13 NIGERIAN COMPANIES THAT HAVE GAINED 100% and ABOVE IN 2024...



Juli Plc (1,646%)
Oando Plc (687%)
RT Briscoe Plc (425%)
Veritas Kapital Assurance Plc (308%)
Julius Berger Plc (226%)
Geregu Power Plc (188%)
Industrial & Medical Gases Plc (160%)
Presco Plc (152%)
Eterna Plc (117%)
Meyer Plc (116%)
Deap Capital Management & Trust Plc (110%)
BUA Foods Plc (104%)
Conoil Plc (100%)

I read about chaos theory and how a small event can lead to an unpredictable larger event. For example, the assassination of Archduke Franz Ferdinand in 1914 is often cited as the spark that led to World War I.

currentprice:
still waiting sideline with my oga Agba observing......

NSEindex will still shed weight unless it move back above 100k

some stock will follow NSEindex down , some will resist the shedding..

some pple are angry with themselves for missing Oando so they are eyeing Nascon/DS "dangotefood"

Technically, Nascon price already below strong support levels so I expect more downward price but if price could mange move above 40 then this could change story.

DS still trying to move to the strong support at 32/33 levels before deciding further move H1 numbers not attractive

update on the two stock as closely watching...

not a good news yet for those enter at the Top

as quoted above Technically Nascon is now in a very bad shape, the stock should be on free fall unless a very good Q3 number comes to d rescue

Dangote sugar touched and bounce back @ 32 levels as predicted, the levels must not breach o otherwise it will join nascon on free fall below 30

there will be a grave robber loot here at appropriate time.... Patient is the key

What is driving up the price of Deap Capital Management & Trust Plc? Already gained 110%.

Safe to still buy it now?

ositadima1:
Iran has declared war on Israel, launching over 100 missiles. I hope we don't see another market depression if the conflict escalates, with other countries taking sides or the possibility of nuclear detonation.

The conflict may not degenerate to that level. Rather, it may impact crude oil price positively, implying some wisdom in taking position in oil and gas companies.

https://businessday.ng/companies/article/golden-guinea-wins-n10bn-suit-against-ab-inbev-international-breweries-appeals/

What is the outcome, and implication of this?

BEST PERFORMING COMPANIES IN 2023

Stocks that gained above 100% in 2023...

1. Chams Plc: +855%
2. MRS Oil Nigeria: +680%
3. Computer Warehouse Group: +583%
4. Transnational Hotels Plc: +610%
5. FTN Cocoa Processors: +541%
6. Japaul Gold and Ventures Plc: +482%
7. National Salt Company: +414%
8. Northern Nigeria Flour Mills Plc: +389%
9. Skyway Aviation Handling Company Plc: +407%
10. BUA Foods Plc: +206%
11. Dangote Sugar Refinery: +273%
12. Associated Bus Company: +236%
13. Ikeja Hotel Plc: +300%
14. International Energy Insurance: +266%
15. Golden Guinea Breweries: +289%
16. Omatek Ventures: +305%
17. Tripple Gee & Co. Plc: +201%
18. Unity Bank: +205%
19. United Bank for Africa (UBA) PLC: +182%
20. Sterling Bank: +165%
21. Geregu Power Plc: +168%
22. Glaxo Smithkline Consumer: +162%
23. John Holt Plc: +153%
24. Lasaco Assurance: +118%
25. Linkage Assurance: +113%
26. AXA Mansard Insurance plc: +130%
27. Cornerstone Insurance Company: +130%
28. The Initiates Plc: +127%
29. Berger Paints: +117%
30. Access Bank Plc: +112%
31. FBN Holdings Plc: +105%
32. Fidelity Bank Plc: +107%
33. Eterna Plc: +103%
34. PZ Cussons Nigeria: +103%
35. RT Briscoe: +138%
36. Tantalizers Plc: +190%
37. Thomas Wyatt Nigeria: +114%
38. Sunu Assurances Nigeria Plc: +369%
39. Transnational Corporation of Nigeria Plc: +496%
40. MeCure Industries: +242%
41. Oando Plc: +193%
42. Conoil Plc: +226%
43. Mutual Benefits Assurance: +100%


Sector Performance


The top-performing companies represent diverse sectors:


1. Technology (Computer Warehouse Group, Chams Plc, Omatek Ventures)
2. Energy (Oando Plc, Conoil Plc, Eterna Plc, International Energy Insurance)
3. Financial Services (Access Bank Plc, FBN Holdings Plc, Fidelity Bank Plc, Unity Bank, United Bank for Africa, Sterling Bank)
4. Consumer Goods (BUA Foods Plc, PZ Cussons Nigeria, Golden Guinea Breweries)
5. Industrial Goods (Berger Paints, RT Briscoe)
6. Agriculture (FTN Cocoa Processors, National Salt Company)
7. Aviation (Skyway Aviation Handling Company Plc, Nigerian Aviation Handling Co)
8. Hospitality (Ikeja Hotel Plc, Transnational Hotels Plc)
9. Insurance (AXA Mansard Insurance plc, Cornerstone Insurance Company, Lasaco Assurance, Linkage Assurance, Mutual Benefits Assurance, Sunu Assurances Nigeria Plc)

@ndept
I don't think I do enough to be mentioned but thanks 🌹

yMcy56:

Per your request, you can check out this Nsempa page thru below link:

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/6427#103767567

You're too kind Ma'am.

O

https://trinidadexpress.com/newsextra/3-shortlisted-to-purchase-refinery/article_f82dd1ee-8025-11ef-abf1-af1d54a7aecd.html

The oga of my oga, please explain grave robber loot

currentprice:


update on the two stock as closely watching...

not a good news yet for those enter at the Top

as quoted above Technically Nascon is now in a very bad shape, the stock should be on free fall unless a very good Q3 number comes to d rescue

Dangote sugar touched and bounce back @ 32 levels as predicted, the levels must not breach o otherwise it will join nascon on free fall below 30

there will be a grave robber loot here at appropriate time.... Patient is the key

opportunity to buy a good company at a rock bottom undervalued price. We wait for that sir

jckgroup1:
The oga of my oga, please explain grave robber loot

Does anyone know why BUA Cement is not performing well.

Please what stocks can I invest in long term not swing. Don’t know if I can be able to monitor regularly.

Thinking of putting in 1m and increase to 2m

bovali:


Flour Mills of Nigeria Plc Shareholders: What You Need to Know About the Upcoming Scheme of Arrangement

Flour Mills of Nigeria Plc is holding a Court-Ordered Meeting (COM) on November 14, 2024, where they’ll discuss and hopefully approve a Scheme of Arrangement. Below, I’ll break down what this means in simple terms.

What Is a Scheme of Arrangement?

Basically, Flour Mills of Nigeria is planning a major restructuring. Excelsior Shipping Company Limited (along with its subsidiary, Greywise Investment Solutions Limited) is buying out all the ordinary shares of Flour Mills at ₦70 per share. After this deal goes through, Flour Mills will no longer be listed on the Nigerian Exchange NGX).

Key Points for Shareholders:

1. Forced Buyout: If you hold shares in Flour Mills, you won’t have a choice. Your shares will automatically be sold at ₦70 each. Whether you like it or not, once the scheme is approved, you’ll receive the payout and no longer own shares in the company.
2. Delisting: Flour Mills will no longer be traded on the Nigerian Stock Exchange (NGX) once this process is completed. So, if you’re planning to trade Flour Mills shares in the future, that won’t be possible after the scheme takes effect.

Should You Buy the Shares Now?

• If the current price is below ₦70, there might be a small opportunity for profit. You could buy at a lower price and sell automatically when the buyout happens at ₦70 per share.
• However, if the market price is around or above ₦70, there’s no real point in buying more shares now. The buyout price is fixed, so there’s no upside.

What If You Already Hold the Shares?

• If you already own shares, it’s likely best to hold onto them until the scheme is finalized and you get paid ₦70 per share.
• But, if you think the market price might drop before the scheme goes through, you could sell early to lock in your gains. And re-buy at a lower price.

Thanks for sharing.

essentialone:
What is driving up the price of Deap Capital Management & Trust Plc? Already gained 110%.

Safe to still buy it now?

In my opinion, it's just TA. The company is dead and decomposing. Best to delist and go into liquidation. There's no point recapitalising the company. That will be throwing good money after bad. Best for the owners to just float another company or start afresh if they have not been sanctioned by the regulators already.

Bagwa:
O

https://trinidadexpress.com/newsextra/3-shortlisted-to-purchase-refinery/article_f82dd1ee-8025-11ef-abf1-af1d54a7aecd.html

Makes no business sense to me. Just focus on upstream and if you must dabble into refining why Trinidad & Tobago? Very small market in that axis. You would have to spend top dollar to turnaround the fortunes of the refinery. In fact, further loses are guaranteed in the first few years following the takeover. Looks like a misadventure about to happen.

Disclaimer - As per usual commentary. All based on personal opinion. Post could be wrong and misleading so please DYOR.

https://www.thisdaylive.com/index.php/2024/10/02/oando-emerges-first-nigerian-ioc-valuation-hits-4-billion/

Would be useful to fact-check this. Instead of these promotional publications why not release all of your outstanding financial statements and let the market decide.

Bagwa:
O

https://trinidadexpress.com/newsextra/3-shortlisted-to-purchase-refinery/article_f82dd1ee-8025-11ef-abf1-af1d54a7aecd.html

Sounds like a potential misadventure.
Like Person wey don belle full wey dey find wetin go burst his stomach 😉.

Omooloriredade:


In my opinion, it's just TA. The company is dead and decomposing. Best to delist and go into liquidation. There's no point recapitalising the company. That will be throwing good money after bad. Best for the owners to just float another company or start afresh if they have not been sanctioned by the regulators already.



Makes no business sense to me. Just focus on upstream and if you must dabble into refining why Trinidad & Tobago? Very small market in that axis. You would have to spend top dollar to turnaround the fortunes of the refinery. In fact, further loses are guaranteed in the first few years following the takeover. Looks like a misadventure about to happen.

Disclaimer - As per usual commentary. All based on personal opinion. Post could be wrong and misleading so please DYOR.

This was what some people kept saying about Oando and discouraged others from benefiting from the massive returns in Oando within a very short period.

Omooloriredade:


Makes no business sense to me. Just focus on upstream and if you must dabble into refining why Trinidad & Tobago? Very small market in that axis. You would have to spend top dollar to turnaround the fortunes of the refinery. In fact, further loses are guaranteed in the first few years following the takeover. Looks like a misadventure about to happen.

Disclaimer - As per usual commentary. All based on personal opinion. Post could be wrong and misleading so please DYOR.

You might want to see Dangote's last meetings with one of the Caribbean States. Can't remember which in particular. Peep into his insight.

Thank you my Comrade🙏

Testimonies777:
opportunity to buy a good company at a rock bottom undervalued price. We wait for that sir

Oando Emerges as Nigeria's First Indigenous International Oil Company (IOC)


1. Introduction

Oando Plc has made history by becoming Nigeria's first indigenous International Oil Company (IOC), expanding its operations beyond Nigeria's shores to the Sao Tome and Principe Exclusive Economic Zone (EEZ). This milestone solidifies Oando's position as a leader in Nigeria's oil and gas industry.


2. Key Highlights

1. Valuation: Oando's valuation hits $4 billion, demonstrating significant growth and investment potential.
2. Asset Base: Exploration, development, and production of oil and gas assets, with interests in over 16 licenses.
3. Reserves: Gross Recoverable 2P reserves indicate significant potential for future growth.
4. Production: Peak production of 100,000 barrels per day and 1.5 billion scf of gas.
5. Gas Supply: Largest supplier of gas to Eleme Petrochemicals.


3. Achievements

1. Indigenous IOC Status: First Nigerian company to achieve this milestone, showcasing Oando's pioneering spirit.
2. World-Class Operations: Robust portfolio of oil and gas fields, demonstrating expertise and efficiency.
3. Significant Investments: Participating interests in onshore and offshore producing assets.
4. Diversified Asset Base: Exploration, development, and production capabilities.


4. Financial Performance

1. 2023 Financial Results: Pre-tax profit of N104.1 billion (compared to a pre-tax loss of N61.8 billion in 2022).
2. Stock Performance: 159% year-to-date gain in 2023, with a 14% increase in Q1 2024.
3. Revenue Growth: Significant increase in revenue, driven by expanded operations.


5. Leadership

1. Wale Tinubu: CEO, leading the company's growth and expansion with strategic vision.
2. Experienced Management Team: Seasoned professionals with expertise in the oil and gas industry.


6. Challenges

1. Insecurity: Affects operations and production, requiring proactive security measures.
2. Devaluation: Impact of inflation and currency fluctuations on financial performance.


7. Outlook

1. Growth: Expected to continue, driven by strategic investments and partnerships.
2. Legacy: Building a world-class company, opening doors for other Nigerian companies.


8. Operational Capabilities

1. Exploration: Significant investments in exploration activities to discover new reserves.
2. Production: Over 200 wells in production, with plans for expansion.
3. Gas Processing: Three large gas plants, with capacity for growth.
4. Export Terminal: Dedicated export terminal at Brass.


9. Strategic Partnerships

1. NAOC: Partnership with Nigerian Agip Oil Company for joint exploration and production.
2. Other IOCs: Collaborations with international oil companies for knowledge sharing and best practices.


10. Conclusion

Oando's emergence as Nigeria's first indigenous IOC marks a significant milestone in the country's oil and gas industry, demonstrating the company's commitment to growth, innovation, and excellence.
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.
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how true are these

essentialone:
13 NIGERIAN COMPANIES THAT HAVE GAINED 100% and ABOVE IN 2024...



Juli Plc (1,646%)
Oando Plc (687%)
RT Briscoe Plc (425%)
Veritas Kapital Assurance Plc (308%)
Julius Berger Plc (226%)
Geregu Power Plc (188%)
Industrial & Medical Gases Plc (160%)
Presco Plc (152%)
Eterna Plc (117%)
Meyer Plc (116%)
Deap Capital Management & Trust Plc (110%)
BUA Foods Plc (104%)
Conoil Plc (100%)

Bagwa:


https://trinidadexpress.com/newsextra/3-shortlisted-to-purchase-refinery/article_f82dd1ee-8025-11ef-abf1-af1d54a7aecd.html

KarlTom:

In simple terms OandO plc has become probably the only fully established Integrated Energy Company in Nigeria.

All these might seem like a French roulette but it is a well-arranged domino…the final piece being a REFINERY!

Hmmm. Prediction- not so far from the truth.

Good day! Abeg Zenith Bank don do independence finish?

Can someone do transfer now?

GeeKudi:


Sounds like a potential misadventure.
Like Person wey don belle full wey dey find wetin go burst his stomach 😉.

Agreeded..
Though seems more like a rare opportunity to dive in at bargain price as the country seems more eager to sell/lease

Almost like our own condition here in Nigeria.

megawealth01:
Good day! Abeg Zenith Bank don do independence finish?

Can someone do transfer now?

iHaveMadeiT2:

This was what some people kept saying about Oando and discouraged others from benefiting from the massive returns in Oando within a very short period.

You mean some people saying Oando should focus on their upstream business and not dabble into a risky refinery business led to some others being discouraged and missing the rally? The same upstream business that was the catalyst for the rally?

Zagee:


You might want to see Dangote's last meetings with one of the Caribbean States. Can't remember which in particular. Peep into his insight.

https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/

This one?

In my opinion, still not the best move for Oando. Consolidate your Upstream business and clean up your books first. There is money to be made in Upstream liquids and Gas.

Oando is late to the party. Dangote has some positives - brand new refinery, latest technology, economies of scale, largest in the region. They will just be able to squeeze out their desired margin.

Sometimes it is better to buy a brand new car than buy a very old Mercedes benz. The benz might send you to an early grave.

Read this one too:
https://www.guardian.co.tt/business/petrotrin-refinery-attracts-nine-new-proposals-6.2.2051474.3eb2e1115c

Disclaimer - Please it's just my opinion. May be it's because I just find the refinery business too risky. Operations management must be best in class to make money.

OANDO in capital letters seems to be becoming the more you look the less you see. Where is their financials, seems they are using another calendar?

Be wise

OandO has been operating in S&P (amendment).

With the complexity of the Nigerian space, I think the downstream of T&T might be more favourable to them...

Omooloriredade:


Makes no business sense to me. Just focus on upstream and if you must dabble into refining why Trinidad & Tobago? Very small market in that axis. You would have to spend top dollar to turnaround the fortunes of the refinery. In fact, further loses are guaranteed in the first few years following the takeover. Looks like a misadventure about to happen.

Disclaimer - As per usual commentary. All based on personal opinion. Post could be wrong and misleading so please DYOR.

Omooloriredade:


https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/

This one?

In my opinion, still not the best move for Oando. Consolidate your Upstream business and clean up your books first. There is money to be made in Upstream liquids and Gas.

Oando is late to the party. Dangote has some positives - brand new refinery, latest technology, economies of scale, largest in the region. They will just be able to squeeze out their desired margin.

Sometimes it is better to buy a brand new car than buy a very old Mercedes benz. The benz might send you to an early grave.

Read this one too:
https://www.guardian.co.tt/business/petrotrin-refinery-attracts-nine-new-proposals-6.2.2051474.3eb2e1115c

Disclaimer - Please it's just my opinion. May be it's because I just find the refinery business too risky. Operations management must be best in class to make money.

Yeah this!

Yes, Oando might be late by being in such a long queue, but wanting to doubt their ability to be efficient is another thing even with your bias towards refining operations. Yes we can both agree they have an antecedent(a risk must be involved).

Omooloriredade:


You mean some people saying Oando should focus on their upstream business and not dabble into a risky refinery business led to some others being discouraged and missing the rally? The same upstream business that was the catalyst for the rally?




https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/

This one?

In my opinion, still not the best move for Oando. Consolidate your Upstream business and clean up your books first. There is money to be made in Upstream liquids and Gas.

Oando is late to the party. Dangote has some positives - brand new refinery, latest technology, economies of scale, largest in the region. They will just be able to squeeze out their desired margin.

Sometimes it is better to buy a brand new car than buy a very old Mercedes benz. The benz might send you to an early grave.

Read this one too:
https://www.guardian.co.tt/business/petrotrin-refinery-attracts-nine-new-proposals-6.2.2051474.3eb2e1115c

Disclaimer - Please it's just my opinion. May be it's because I just find the refinery business too risky. Operations management must be best in class to make money.

you nailed it perfectly. Seems Wale had forgotten/ never learnt anything per his misadventure on Conoco (buying at the height of the market cycle/price with no operatorship included in the buy) which nearly sent him to oblivion, safe for the asset stripping he had to do to get some breather, all in a bid to feed personal EGO which was then (during conococ) Czar of African intergrated energy company which is now czar of African international IOC. May unneccessary ego never sent us to oblivion.

OANDO might be on full bid today...

megawealth01:
Good day! Abeg Zenith Bank don do independence finish?

Can someone do transfer now?

Tor I thought na only me my bank locked out