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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone1: 6:46pm On Dec 22 |
emmanuelewumi: *ARDOVA PLC MULLS RETURN TO NGX LISTING* Ardova Plc has disclosed that it is finalizing arrangements to return to the Nigerian Exchange Limited (NGX) as part of its strategic restructuring. The company’s Chief Executive Officer, Mr. Moshood Olajide, made this disclosure during a press briefing held to commemorate Ardova’s 60th anniversary celebration, themed “60 Years of Energising Progress with Endless Possibilities.” “We are planning a return to the Nigerian Exchange Limited. It’s a key part of our growth strategy,” said Olajide. “We are currently consolidating our position and once we’re ready, our first move will be to return to the NGX.” Olajide highlighted that Ardova is making the largest investment in the downstream oil and gas sector, reaffirming the company’s commitment to its growth and sustainability. “We are here to stay,” he emphasized. “The investments we are putting back into the business demonstrate our dedication to expansion and resilience. This should reassure stakeholders of our sustainability as a business.” Olajide elaborated on Ardova’s comprehensive portfolio, noting that it remains one of the few downstream oil and gas companies offering a full slate of products, including PMS, AGO, ATK, LPG, phase oil, lubricants, and bitumen. “This product diversity speaks to our revenue resilience and our ability to sustain stakeholder returns by mitigating risks,” he stated. The CEO also reaffirmed Ardova’s adherence to high corporate governance standards. “The governance standards we maintained while listed on the stock exchange remain intact,” he said. “We continue to uphold rigorous internal controls on financial reporting and governance systems. Investments in technology further bolster these controls, ensuring the sustainability of our business.” Olajide expressed confidence in Ardova’s performance across various benchmarks. “We’ve maintained exceptional standards in every area stakeholder would evaluate. This reflects our commitment to excellence and our readiness for the next phase of growth,” he concluded. Speaking on the company’s profitability, the Ardova CEO maintained that, considering the enormous investment put into technology and other aspect of the business, they expect to see enhanced efficiency in its operations and profitability. “We project into the future, that our numbers will improve, even in the coming years. From our revenue perspective, from the volume delivered to the market, and the net return perspective”, he added. Meanwhile, Ardova Plc had said that investments made in 2021 contributed to the growth in revenue, sales volume, and profits. It disclosed this in a statement on its ‘2021 audited financial statements and Q1, 2022 unaudited financial results’. The statement said, “The company posted a profit of N1.54bn in the year ended 31 December, 2021. However, losses from subsidiaries Axles and Cartage, and newly acquired Enyo Retail and Supply Limited created a group net loss position of N3.8bn. “In Q1 2022, AP’s performance shows significant improvements as yields from investments made in 2021 contribute to growth in revenue, sales volume, and profits.” Ardova Plc had on July 26 delisted its shares from the Nigerian Exchange Limited (NGX), ending a 53-year-old listing after its precursor, African Petroleum was admitted to the stock market. The delisting was pursuant to the scheme of arrangements between Ardova and holders of its fully paid ordinary shares as approved by the Securities and Exchange Commission (SEC) and sanctioned by the court. Ardova reached an agreement that sees minority shareholders get 2.9 per cent more than the settlement price the acquiring investor initially offered them. Ardova Plc’s return to the NGX is anticipated to reinforce its position as a leading player in Nigeria’s downstream oil and gas industry while offering renewed opportunities for investors and stakeholders. |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 6:47pm On Dec 22 |
Konquest:Complete balablu that is not applicable to naija economy in 2025 and nse.The naija economy will definitely improve and grow beyond what we saw in 2024.Naija companies results will improve significantly. The signs are already in thr q3 results. 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by HesInMe: 7:03pm On Dec 22 |
Because we have such excellent economic fundamentals and market confidence that we'd be insulated from a global market downturn? Streetinvestor2: |
Re: Nigerian Stock Exchange Market Pick Alerts by NettyNelly(m): 7:09pm On Dec 22 |
emmanuelewumi: Pa Emma, can you share your understanding of their business model and how they make money. From the Little I found out, it seems they charge airlines (on contract basis), and clearing agents on a regulated tariff, but I don't have a full picture of how that works. 1. Is their earnings dollar indexed? 2. What are the possible risks that would impact the company's earnings? I would appreciate your insights on this, Sir. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 7:13pm On Dec 22 |
HesInMe:You opinion. Which does not define mine.I have positive mind for naija.I don't have time for your balablu. I am confident that my portfolio will grow by minimum of 50% next yr 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone1: 7:26pm On Dec 22 |
HONEYWELL FLOUR MILLS JUMPS BY 32% AMIDST FREE FLOAT ISSUE Honeywell Flour Plc recorded a strong price uptick in the equities market as investors increased their positions in the food company’s shares amidst its free float compliance issue. Share price increased by 31.5% over five trading sessions in the equities market, from N4.60 at the beginning of the trading week due to steep demand. Investors increased bets on Honeywell Flour Mills in the local bourse last week. The bargain hunting was driven by pure sentiments and expectations that earnings would improve in the coming quarters. Also, Honeywell Flour Mills parent, Flour Mills of Nigeria, is planning to exit the local bourse after Excelsior Shipping acquired the largest share in the food company with an offer to buy out minority shareholders. This could affect Honeywell too, some market analysts said, noting that Siloam Global Services Limited, a company associated with its erstwhile majority shareholder, Oba Otudeko, only owns 7.79%. With about 86% under significant shareholders, the company told the Nigerian Exchange it failed to meet free float requirements for companies listed on the main board in 2023. In 2024, its 14.46% free float rate has not changed, and the stock price has been on holiday for a possible rally. According to data from the Nigerian Exchange, Honeywell Flour, which opened at N4.60 per share, ended the week at N6.05 due to bargain hunting. The company’s value increased to N47.977 billion in the Nigerian Exchange platform after the latest market re-rating of the fast-moving consumer goods stock. The company rally had eased following its acquisition by Flour Mills of Nigeria. At the end of trading session, Honeywell Flour Mills was trading at about 6% discount to its 52-week high. However, the stock has doubled down on its 52-week low of N3 per share. In 2021, Flour Mills of Nigeria Plc. bought a 5.06% equity stake owned by FBN Holdings in Honeywell as the company acquired 71.69% of Honeywell Flour Mills from its majority shareholder, the Honeywell Group. Total substantial shareholding in Honeywell Flour Mills was 85.54% at the end of the second quarter of the financial year 2025, ending in September 2024. Honeywell Flour Mills Plc registered a free float percentage of 14.46% as of 30 September 2024, which was not fully compliant with the Exchange’s free float requirements for companies listed on the Main Board. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 7:33pm On Dec 22 |
The analysis on this is looking sweet. Q2 contributed to the FY loss because of FX difference. But look at the EPS in Q3 and Q4. Do your own DD/ research o, but this to me looks like a potential 100% ROI. I’ll wait to see market reaction to the audited results Sunrisepebble: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 7:38pm On Dec 22 |
HesInMe: lmaooo |
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 7:58pm On Dec 22 |
I think NGX will have another great year also Streetinvestor2: 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ChalRurk: 8:11pm On Dec 22 |
It is really interesting to see what the next year is preparing for the investors. Whether we will witness new highs or will go down. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Ayomideloni: 11:38pm On Dec 22 |
Imagine the shock on my face today to see the amount of effort you lots are putting into the Nigerian stock exchange…well how do you justify this considering the depreciation of the Naira? Even if your stocks are doing well you are still have a terrible Naira to deal with. What’s the catch? Please educate me |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 12:18am |
Ayomideloni:I will answer you well because I be street. I have stopped taking all this new monikers that just pop up serious.when you look at the profile you will realise it was a moniker created for the purpose of double handle and not really in use. To your question,you didn't tell us whether na Oloshos you have been investing you own money so that we understand whr you are coming from We are puting much effort because it is called nigeria stock market and we see ourselves as Nigerians . Naira depreciation is not the only thing happening in nigeria. Even in the time of nigeria civil war some people whr still making money and becoming millionaire. When cement was 100 naira some people could not still build a house while some are still building at #9500 a bag. If you are only seeing excuses you will definitely die in poverty. You should equally be happy I wasted my time answering such post. It is because I slept all through after church service and sleep no agree come eyes again....yeye question 22 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Bovis(m): 12:46am |
Konquest: President Trump may provide the fundamental catalyst for this to happen. Trump would be sworn in on Monday 20th January 2025. If he starts the trade war he promised with Europe and Asia, markets would react negatively and could lead to contagion effects in global markets. Therefore, I would not completely rule out this technical analysis warning 7 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by edwardaigb: 1:55am |
Re: Nigerian Stock Exchange Market Pick Alerts by olaremint(m): 2:42am |
Streetinvestor2: I can’t even believe that you answered him sef, he should tell us the company his family has so that we can come and invest there 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Payunsin: 5:38am |
Oando dusted Wapco dusted Ongoing Honeywell dusting On chams On prestige Now loading UPDC Oando loot at work I thank God |
Re: Nigerian Stock Exchange Market Pick Alerts by Toluway: 5:55am |
https://tribuneonlineng.com/oando-splashes-millions-on-davido-wizkid-burna-boy-for-year-end-gig/amp/ Our billionaire Owanbe money splashing company 😁👍 |
Re: Nigerian Stock Exchange Market Pick Alerts by Pete002: 8:39am |
good morning everyone, please who has an update on the 1-3 UCAP reconstruction, I have seen the price change but the quantity of shares held is still the same.Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by ndept: 8:39am |
Ayomideloni:Apology for the way/style others responded to your question. First of all, you are welcome to this platform. All we do here is to discuss ways to navigate through and be successful with investing in the Nigerian Exchange. I make bold to say that many of us here have been able to make more than 300% of the initial capital we invested in January 2024. This platform is full of good and resourceful people that have been of assistance in choosing the right stocks to buy. 8 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 8:51am |
You are right about the 300% gain. Further, the prices of many stocks have actually adjusted to account for devaluation. ndept: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 9:21am |
Pete002: It has since been distributed. It's actually 2 for 1 not 1 for 3. Request for your CSCS from your broker. The actual amount will reflect there. After that, then you will ask them (Your Broker) to credit you properly
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Re: Nigerian Stock Exchange Market Pick Alerts by Teenaira: 9:21am |
Ayomideloni: I guess it is only our own Naira that is depreciating, your own no dey depreciate. Thank you for pitying us. But let me share this secret with you. A lot of people here are making beautiful returns on their investment. |
Re: Nigerian Stock Exchange Market Pick Alerts by OtesBaba: 9:32am |
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Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 9:41am |
Today and tomorrow Likely bulls from: - Lafarge Q3 AFS - OandO Corporate Announcement (bonus ratio) - MRS x DANGREFINE - PZ - UBA RI closing - TRANSCORP (and affiliated coys) Every mallam to his kettle... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by GeeKudi: 9:52am |
Why TRANSCORP? The MTO (only 2.5 million units) will be executed at #42.95 + the stipulated premium. I am not sure this is an enough reason to cause a bull. KarlTom: |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 9:53am |
Yeah. I wish Oando will announce the ratio and dates to give us something to talk about over the Xmas break. KarlTom: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:01am |
1. Speculation. 2. Not everyone is on this platform 3. Not everyone understood that release. 4. Nothing is certain, that's why it's likely... GeeKudi: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 10:01am |
Ding !! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 10:08am |
Good day all, Any NADS trading stock recommendation? Just got my account opened |
Re: Nigerian Stock Exchange Market Pick Alerts by GeeKudi: 10:10am |
Guess you mean NASD? I downloaded the App but it's not working. olig: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:14am |
Quality and matured response 💯 ndept: 1 Like 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:15am |
Payunsin: God bless your sincerity 😘 |
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