Bolomz:
I observed that Oando shares has been dropping ever since SEC investigation, does anyone have details on the allegations especially if it will affect the company's future viability. I am looking to buy the shares now that it is low.

Oga, you have not been following the news about OandO.

That coy should be delisted IMO

onegentleguy:


This means that the Saudis may have to make do with approx 4M bpd of oil output !!
In the short term, this is a plus for oil price. Mid-term impact will however depend on how fast and well the kingdom restores outage by recovering lost qtys.

This should lend a helping hand in support to the Nigerian economy(short term revenue-earnings in view) given that the country had just agreed to a supply cut in the last opec meeting.
In retrospect, the shortfall in revenue from reduced supply can be supported by higher pricing.(while it last)
That said, I still believe that the mid to long term future prospect of oil remains bleak.
Unfortunately, the thing about gross incompetence means that our leaders are yet to realize or perhaps come to terms with that.

In the interim, this should indirectly aide some of the factors that could transmit positive vibes in the equity market.
...I expect a further boost in the current positive mkt trend.

Do think this will push FO and Conoil prices North?

akinssan:
For the past, last 6-month UBA has been trying to break the N6.40 prize zone four different times without any success,
any hope for a break-out, since we have had two false breakouts...Are we expecting the messiah break-out now?

Any information?

cc CP, OGG, BBM, Peteru, Agba
My Rebekah, Mcy56..

YES, I believe it will eventually break out sooner than later !!
Think the stock(UBA) is currently finding its bottom while gradually drifting away from its yr low.

ACCESS though, appear to have more strength with its drifting, given that the stock has just recorded the highest weekly closure on volume YTD !!(year-to-date)

I also like the current technical postures of coys like CAVERTON, UACN, ZENITH and AIICO.

Over to @ Bullbearmkt and Agba for further technical input.

Salah.

Bolomz:
I observed that Oando shares has been dropping ever since SEC investigation, does anyone have details on the allegations especially if it will affect the company's future viability. I am looking to buy the shares now that it is low.

You do not need a fundamental or technical analyst to tell you dt oando is not a sustainable business with Wale and Boyo @ the helms. The last pre forensic audit report was damning against the management of the company. Any result being released by oando in terms of profitability and Discounted cash flow might not be the true picture. Oando as a company is swimming in 4 quadrant debts.
However, with the political connection of Wale and Oando, they might get two to three major contracts from the FGN.
Already, they have been awarded a gas pipeline contract the detail of which is not too clear in terms of execution and implementation.
https://punchng.com/2-8bn-pipeline-contract-to-oando-firm-followed-due-process-nnpc/
Promising.... Yes the company is promising, for instance, A major oil and gas discovery was recently made in one of oando (20%)joint venture with NNPC(60%) NAOC(20%) OML61.
The company also won CRUDE FOR FUEL SWAP CONTRACT FROM THE NNPC.
Putting all these together
A patient investor with good risk appetite, and ready to tie money down can go ahead and mop OANDO @..@$0.01/Share. Or N3. 8
The irony of it, most people in government are busy mopping up OANDO shares on daily basis.
I am of the view that Wale is trying to prove public opinions wrong by systematically return Oando to profitability. How he is going to do it is what no one can say due to the wrought on the ground.

Profitability. 2019e 2020e
Operating Margin (EBIT / Sales)6,89% 8,21%
Operating Leverage (Delta EBIT / Delta Sales)-8,46x
Net Margin (Net Profit / Revenue) 0 0
ROE (Net Profit / Equities) 7,00% 6,00%
CONCLUSION.... A POTENTIAL DEBT THAT MIGHT TURN TO ASSET. ONLY FOR RISK TAKER,
BE READY TO HOLD OANDO FOR 10 YRS, BY THEN THE 4 QUADRANT DEBTS OF TODAY WOULD HAVE TURNED INTO A HUGE ASSETS.

OBAGADAFFI:


Do think this will push FO and Conoil prices North?

I can only say u that both stocks are a BUY for us.
With or without that factor, both assets have been unjustly underpriced.(current valuation in view)
...and it can only be a matter of time before their current mkt prices rises to reflect their earnings drive and bridge the gap with inherent VALUE !!

But then again, this is NOT an investment recommendation.

My advise: Just follow ur instinct.

Godlylifeoneart:

You do not need a fundamental or technical analyst to tell you dt oando is not a sustainable business with Wale and Boyo @ the helms. The last pre forensic audit report was damning against the management of the company. Any result being released by oando in terms of profitability and Discounted cash flow might not be the true picture. Oando as a company is swimming in 4 quadrant debts.
However, with the political connection of Wale and Oando, they might get two to three major contracts from the FGN.
Already, they have been awarded a gas pipeline contract the detail of which is not too clear in terms of execution and implementation.
Promising.... Yes the company is promising, for instance, A major oil and gas discovery was recently made in one of oando (20%)joint venture with NNPC(60%) NAOC(20%) OML61.
The company also won CRUDE FOR FUEL SWAP CONTRACT FROM THE NNPC.
Putting all this together
A patient investor with good risk appetite, and ready to tie money down can go ahead and mop OANDO @..@$0.01/Share. Or N3. 8
The irony of it, most people in government are busy mopping up OANDO shares on daily basis.
I am of the view that Wale is trying to prove public opinions wrong by systematically return Oando to profitability. How he is going to do it is what no one can say due to the wrought on the ground.

Profitability. 2019e 2020e
Operating Margin (EBIT / Sales)6,89% 8,21%
Operating Leverage (Delta EBIT / Delta Sales)-8,46x
Net Margin (Net Profit / Revenue) 0 0
ROE (Net Profit / Equities) 7,00% 6,00%
CONCLUSION.... A POTENTIAL DEBT THAT MIGHT TURN TO ASSET. ONLY FOR RISK TAKER.

On paper oando should be dragging with dangote cement as they have more than a trillion naira of real assets compared to banks whose assets are borrowed money but..................




In retrospect it is news like d Saudi bombing that can cause u to reap 100% from oando in 3 weeks......I'm loaded here and waiting for the right time to jump off.....





I'm so loading Seplat tomorrow......In wait if men in black

akinssan:
For the past, last 6-month UBA has been trying to break the N6.40 prize zone four different times without any success,
any hope for a break-out, since we have had two false breakouts...Are we expecting the messiah break-out now?

Any information?

cc CP, OGG, BBM, Peteru, Agba
My Rebekah, Mcy56..

It does not need to break...let it come back below 5.90 - 6.20.

Fy end and result release is still 6mths away. No need to hurry

Everybody expects oil to rally this week
The contrarian should get set to short, na dem go make the money

lancee:





Oga mi current affairs ..na fully loaded jejebaba dey co-ordinate that stock o..I dey learn form him everyday ..Hopefully it delivers

Hahahaha. Oga mi sir, u don forget say me i be otondo for this market. Na una footsteps I just dey follow oo.

onegentleguy:


I can only say u that both stocks are a BUY for us.
With or without that factor, both assets have been unjustly underpriced.(current valuation in view)
...and it can only be a matter of time before their current mkt prices rises to reflect their earnings drive and bridge the gap with inherent VALUE !!

But then again, this is NOT an investment recommendation.

My advise: Just follow ur instinct.

Thanks

akinssan:
For the past, last 6-month UBA has been trying to break the N6.40 prize zone four different times without any success,
any hope for a break-out, since we have had two false breakouts...Are we expecting the messiah break-out now?

Any information?

cc CP, OGG, BBM, Peteru, Agba
My Rebekah, Mcy56..

...good observation on the stock. Looking at the weekly chart, the resistance is getting set to be broken. It requires higher volume to do this which is presently not seen. However, there is an increase in momentum on both daily & weekly & this could break the resistance as well.

https://www.tradingview.com/x/REnu2QSl/

UBA is a buy for me. There is this feeling that I have that it may still touch N6 before it zooms off.

akinssan:
For the past, last 6-month UBA has been trying to break the N6.40 prize zone four different times without any success,
any hope for a break-out, since we have had two false breakouts...Are we expecting the messiah break-out now?

Any information?

cc CP, OGG, BBM, Peteru, Agba
My Rebekah, Mcy56..

UKOil is sitting on a support..with the attack on Saudi oil facility, it will rally.. sure MM will want to pull a fast one but let’s see how far they can hold it down or pull it further down instead of going up..

Godlylifeoneart:

You do not need a fundamental or technical analyst to tell you dt oando is not a sustainable business with Wale and Boyo @ the helms. The last pre forensic audit report was damning against the management of the company. Any result being released by oando in terms of profitability and Discounted cash flow might not be the true picture. Oando as a company is swimming in 4 quadrant debts.
However, with the political connection of Wale and Oando, they might get two to three major contracts from the FGN.
Already, they have been awarded a gas pipeline contract the detail of which is not too clear in terms of execution and implementation.
https://punchng.com/2-8bn-pipeline-contract-to-oando-firm-followed-due-process-nnpc/
Promising.... Yes the company is promising, for instance, A major oil and gas discovery was recently made in one of oando (20%)joint venture with NNPC(60%) NAOC(20%) OML61.
The company also won CRUDE FOR FUEL SWAP CONTRACT FROM THE NNPC.
Putting all these together
A patient investor with good risk appetite, and ready to tie money down can go ahead and mop OANDO @..@$0.01/Share. Or N3. 8
The irony of it, most people in government are busy mopping up OANDO shares on daily basis.
I am of the view that Wale is trying to prove public opinions wrong by systematically return Oando to profitability. How he is going to do it is what no one can say due to the wrought on the ground.

Profitability. 2019e 2020e
Operating Margin (EBIT / Sales)6,89% 8,21%
Operating Leverage (Delta EBIT / Delta Sales)-8,46x
Net Margin (Net Profit / Revenue) 0 0
ROE (Net Profit / Equities) 7,00% 6,00%
CONCLUSION.... A POTENTIAL DEBT THAT MIGHT TURN TO ASSET. ONLY FOR RISK TAKER,
BE READY TO HOLD OANDO FOR 10 YRS, BY THEN THE 4 QUADRANT DEBTS OF TODAY WOULD HAVE TURNED INTO A HUGE ASSETS.

You have said it all, Atimes ,Trouble is where the big fortune lies.

Being open minded when dealing with financial markets comes with great gain.

IyaAbiyamo:
https://www.nairaland.com/4956911/beware-abiyamos-ponzi-schkeme

I was shaken after going through This!

Weaker Naira, Oil Price Too Risky for Access Bank
https://businesspost.ng/2019/09/15/weaker-naira-oil-price-too-risky-for-access-bank/

Stanbic IBTC Lists New 232.9 Million Shares on NSE
https://businesspost.ng/2019/09/14/stanbic-ibtc-lists-new-232-9-million-shares-on-nse/

Financial Stocks Lead NSE Weekly Transactions with N10.8bn
https://businesspost.ng/2019/09/15/financial-stocks-lead-nse-weekly-transactions-with-n10-8bn/

NASD Seeks Inputs on Admission of Commercial Paper
https://businesspost.ng/2019/09/15/nasd-seeks-inputs-on-admission-of-commercial-paper/

Airtel Africa Tops Price Gainers Chart as Index Picks 1.28%
https://businesspost.ng/2019/09/14/airtel-africa-tops-price-gainers-chart-as-index-picks-1-28/

Treasury Bills Yields Jump to 12.99% Friday
https://businesspost.ng/2019/09/14/treasury-bills-yields-jump-to-12-99-friday/

NIPCO Declares N3 Per Share Dividend
https://businesspost.ng/2019/09/14/nipco-declares-n3-per-share-dividend/

stcool:


Make una leave UBA... Na accumulation I dey since!

From now till December all investment money goes to UBA!

All of us cannot line up for UBA make some go for Zenith!

Lol

currentpri ;Dce:


chai! see confirm oyel $$$ for those who have open LONG position over weekend

10 dollar rise at mkt open

aremso:


Oga peter you have been going back and forth since PMB assume presidency. Make u maintain one lane ooo octopus

Oil prices jumped 15% after a coordinated drone attack hit the heart of Saudi Arabia's oil industry on Saturday, forcing the kingdom to cut its oil output in half.

https://www.cnbc.com/2019/09/15/us-crude-oil-jumps-15percent-after-drone-strikes-disrupt-saudi-crude-production.html?__source=newsletter%7Cbreakingnews

The reasonable thing to do is to short oil. Aramco already said they’ll restore over half of the damage immediately and the Oga below has promised to keep the market afloat

currentprice:


10 dollar rise at mkt open

I saw 12.. hope you don jaa.. Trump won do “damage control” but the guy na talkative.. oil will continue to rise until Saudi fix the bombed facility and announce it..

Bingo !



Enjoy your loot.. this don’t happen always

Brent oil price is going up fast!!! This is a shocking blessing in disguise.

Bizibi:
Brent oil price is going up fast!!! This is a shocking blessing in disguise.

Lolzz @ Blessing in disguise.. US and Saudi will also sell at that price oo.. hahahahahahaha
Now, Saudi better don’t join US in pointing finger to Iran else WaR!
Iran will do 2x what the rebels did..
Trump wants the kingdom to say YEs it’s Iran but they know better

Trying really hard

PETERiCHY:
Oil To Hit $100? Pompeo Blames Iran For "Unprecedented" Drone Attack That Crippled Largest Saudi Oil Processing Facility

In a sharp, if perhaps not unexpected, escalation, US Secretary of State - now without John Bolton by his side - tweeted at 4pm on Saturday, that contrary to earlier reports, "there is no evidence the attacks came from Yemen" and instead accused Iran of launching today's "unprecedented attack on the world’s energy supply" which has now indefinitely taken offline as much as 5mmb/d in Saudi crude production.

https://www.zerohedge.com/geopolitical/massive-fire-after-drone-strike-hits-worlds-largest-oil-processing-facility-saudi

The kind of CRAZY BULL we will witness this MONTH no go get PART 2...

We should EXPECT a repeat of what happened in SEPTEMBER 2009.

*ThE OcToPuS*

Traders have scrambled to calculate what the limit move in oil would be, after Saturday’s drone attack on the ‘’world’s most important oil processing plant’’. And moments ago, Brent crude reopened for trading, exploding almost 20% higher, its biggest jump in 28-years time.

This attack has resulted in the single-worst disruption in oil markets ever, surpassing the loss of Kuwaiti and Iraqi petroleum supply in August 1990, when Iraq invaded its southern neighbor. It also exceeds the loss of Iranian oil output in 1979 during the Islamic Revolution, according to data from the U.S. Department of Energy."

! https://oilprice.com/Energy/Oil-Prices/Oil-Price-Explosion-Brent-Crude-Jumps-20.html

Another GULF WAR LOADING.....
Another WIND FALL LOADING...
BARGAIN HUNTERS TAKE NOTE!...

*ThE OcToPuS*

Donald Trump has said the US was “locked and loaded” and to ready respond to drone attacks on a petroleum processing facility in Saudi Arabia, saying the US knew who was behind them.

The US president tweeted on Sunday night that he had “reason to believe that we know the culprit” behind the series of attacks on the Abqaiq facility, which is the world’s largest petroleum processing plant. The attacks disrupted more than half of the kingdom’s oil output and will affect global supplies.

Trump tweeted: “[We] are locked and loaded depending on verification, but are waiting to hear from the Kingdom [of Saudi Arabia] as to who they believe was the cause of this attack and under what terms we would proceed!”

https://www.theguardian.com/world/2019/sep/16/trump-says-us-locked-and-loaded-after-saudi-arabia-oil-attack-as-crude-prices-soar-iran-aramco

Another GULF WAR LOADING....
Another WINDFALL LOADING...
BARGAIN HUNTERS TAKE NOTE !!

*ThE OcToPuS*

Northeastern:
The reasonable thing to do is to short oil. Aramco already said they’ll restore over half of the damage immediately and the Oga below has promised to keep the market afloat

Satellite Images Reveal It Would Take "Months" To Fix Saudi Oil Facility.

"We think this is a months fix, not days/weeks. Oil going up even higher

https://www.zerohedge.com/energy/declassified-satellite-images-reveal-it-would-take-months-fix-saudi-oil-facility

PETERiCHY:
Donald Trump has said the US was “locked and loaded” and to ready respond to drone attacks on a petroleum processing facility in Saudi Arabia, saying the US knew who was behind them.

The US president tweeted on Sunday night that he had “reason to believe that we know the culprit” behind the series of attacks on the Abqaiq facility, which is the world’s largest petroleum processing plant. The attacks disrupted more than half of the kingdom’s oil output and will affect global supplies.

Trump tweeted: “[We] are locked and loaded depending on verification, but are waiting to hear from the Kingdom [of Saudi Arabia] as to who they believe was the cause of this attack and under what terms we would proceed!”

https://www.theguardian.com/world/2019/sep/16/trump-says-us-locked-and-loaded-after-saudi-arabia-oil-attack-as-crude-prices-soar-iran-aramco

Another GULF WAR LOADING....
Another WINDFALL LOADING...
BARGAIN HUNTERS TAKE NOTE !!

*ThE OcToPuS*

And Russia will fold its arms and watch abi?

IyaAbiyamo:
https://www.nairaland.com/4956911/beware-abiyamos-ponzi-scheme

People love sweet stories of ROI.

Instead of them to invest in listed Agro firms(Okomu, Presco), they are investing in Adebayo.

aremso:


Oga peter you have been going back and forth since PMB assume presidency. Make u maintain one lane ooo octopus

At a point he mentioned that stock market will remain depressed for years. Now a sudden change in tone.

Anyway we knew him since the days of SMN.