NewStats: 3,262,125 , 8,176,140 topics. Date: Saturday, 31 May 2025 at 08:55 PM 6mb5q

LOL. Someone didn't take ing 101. Receivables have already been recognized as sales. There's nothing to share.

Bagwa:
Receivable over 3 Trillion Oando

megawealth01:


That won't be the only reason

What else could be the reason why someone has so far mopped up 280 million units of ETranzact?
it has been on Full Offer since September, until now.
What changed?

Oando was below 70 for quite a while, yet some people with their "tachere" thinking thought they were smarter than the big boys, who invested over 40 billion Naira at levels above that. If you had bought at 62, you would have outperformed those 50 billion Naira investments this year alone. Do you think the moneybags threw in that much money without analyzing the upside? Do you really think your "tachere" mindset and limited exposure can beat the billions? You’re deluded.

The same goes for Aradel. Billions have been invested at levels above the current price. Forget wretched analysis and follow the money (Billions).

Jump my posts and to read faster, that is ur business, lol.

[quote author=HesInMe post=133328359]LOL. Someone didn't take ing 101. Receivables have already been recognized as sales. There's nothing to share.

[/quotet]

Some inter-co receivables may not necessarily be sales related.
For Oando, let us wait for the details as may be discussed at the AGM.

GeeKudi:
Well, with respect to the latest acquisition, we were all waiting to see the result for the quater ending September 2024. When you look at the figures for this quater in comparison with Q3 2023, you see a significant change from negative to ove 13bn.

Disclaimer: Again, I am not an expert!

The acquisition was officially completed around 3rd week of August 2024 hence its impact would not be seen much in Oando Q3 results at 30 Sep2024. Wait until Q4 2024 and beyond to see the full impact

Oando Plc Q3 2024 Financial Performance: A Mixed Outlook for Shareholders and Future Investment

Oando Plc, one of Nigeria's largest integrated energy companies, has recently released its unaudited consolidated financial results for the third quarter ending September 30, 2024. The company’s performance during this period presented a mixed bag of results, revealing some positive growth but also significant challenges that concern shareholders and potential investors. Despite favourable global oil demand and energy market conditions, Oando’s performance in key financial metrics displayed a level of underachievement that prompts a closer examination of its future prospects.

Oando's top-line performance showed an encouraging growth trajectory, with revenue increasing to N3.19 trillion from N2.35 trillion in the same period in 2023. This growth was primarily driven by a substantial increase in sales volumes, especially during Q3 2024, indicating that the company was able to capitalise on rising global oil prices and demand. The company's gross earnings also mirrored this positive trend, rising sharply from N91.79 billion in 2023 to N194 billion in the same period in 2024.

While this growth in revenue and earnings is commendable, it must be noted that it did not necessarily translate into improved profitability. The cost of impairment on financial assets, along with a sharp increase in net istration expenses, resulted in a substantial rise in operating losses. The net loss for the period stood at N25.53 billion, a significant downturn from a loss of N748 billion reported previously. This suggests that while the company increased sales, it struggled with cost management and operational inefficiencies, factors that undermine its long-term financial health.

Oando’s operating income saw a notable decline from N209.65 billion in 2023 to N161.01 billion in 2024. This reduction in operating income is concerning, particularly in light of the revenue growth, as it suggests that rising operational costs and istrative expenses are outpacing the company’s ability to effectively manage its income streams. Consequently, the profit before tax (PBT) for Q3 2024 dropped substantially from N142.58 billion in 2023 to just N31.13 billion in 2024, further highlighting the strain on the company’s profitability.

The company’s bottom-line performance also weakened, with the profit for the period falling from N110.21 billion to N76.39 billion year-on-year. This drop in profit is worrisome, as it reflect underlying issues within the company that hinder future growth. Given the challenging macroeconomic conditions, including fluctuating oil prices and global inflation, Oando need to adopt more aggressive cost-cutting strategies and efficiency measures to turn its financial performance around.

An alarming aspect of Oando's financials for Q3 2024 is the substantial increase in finance costs. The company’s finance costs surged from N89.46 billion in 2023 to N158.17 billion in 2024, marking an increase of nearly 77% year-on-year. This spike in finance costs, combined with a rise in net finance costs from N77.07 billion to N131.12 billion, signals that Oando is likely grappling with high-interest payments and financing challenges. These rising finance costs continue to drain resources, putting additional pressure on the company's bottom line and its ability to service its debts in the future.

The company's earnings per share (EPS) saw a decline from 900 kobo in 2023 to 600 kobo in 2024, reflecting the reduced profitability. This decline in EPS is a cause of concern for shareholders, especially those hoping for positive returns on their investments. The reduced EPS might dampen investor sentiment, as it signals that despite growth in revenue and earnings, Oando has not been able to translate that into effective shareholder value.

One of the most pressing concerns in Oando’s financial results is the sharp increase in its liabilities. The company reported a significant rise in trade and other payables, with total liabilities reaching a staggering N8.04 trillion, up from N1.38 trillion in 2023. This substantial increase in liabilities is a critical indicator that the company is facing heightened financial pressure, potentially threatening its ability to meet its obligations in the future.

The retained loss for the period was recorded at N441.8 billion, a slight improvement from the previous year’s N506.01 billion. However, despite this improvement, the company still faces substantial accumulated losses, indicating that it has yet to recover from previous years of financial strain. These liabilities, along with the negative cash flow and financial impairment, limit Oando's capacity to reinvest in growth opportunities or address shareholder concerns.

Outlook as a Going Concern

Given the mixed performance outlined above, Oando Plc’s outlook as a going concern remains uncertain. While the company has managed to grow its revenue and gross earnings in a challenging global energy market, the persistent issues related to increasing operating costs, rising finance charges, and declining profitability raise red flags regarding its future stability.

The significant rise in liabilities also presents a serious concern for investors, as it suggests that the company is relying on additional debt to fund its operations, which further strain its financial position. The company’s ability to service this debt, maintain liquidity, and reduce its impairment losses will be critical in determining its long-term viability.

For shareholders, Oando’s current trajectory suggests that the company is faced with short-term financial challenges, and there is limited returns on investment in the near future unless the company implements effective strategies to manage costs, improve operational efficiency, and reduce debt. The company’s ability to navigate these financial difficulties and achieve a turnaround is crucial to sustaining shareholder confidence.

Oando Plc’s Q3 2024 financial results present a somewhat disappointing picture for shareholders and investors, with growth in revenue and earnings overshadowed by significant challenges in profitability, rising liabilities, and increasing finance costs. The company’s future prospects will heavily depend on its ability to manage costs, improve efficiency, and reduce debt. While the oil and energy markets remain favourable, Oando must navigate its internal financial struggles to secure long-term sustainability and regain investor confidence.

This oando result ehh... e no too clear.

Seen! My own was just to check the first page to see if anything tangible was there

yMcy56:

Lol. I be amateur o
I just checked PAT and summary page, haven't even check other pages......na why I it over to the analysts
Check GROUP result anyway ....page 4

Analysis Paralysis We will wait for Mr Market.

designking:
Oando Plc Q3 2024 Financial Performance: A Mixed Outlook for Shareholders and Future Investment

Oando Plc, one of Nigeria's largest integrated energy companies, has recently released its unaudited consolidated financial results for the third quarter ending September 30, 2024. The company’s performance during this period presented a mixed bag of results, revealing some positive growth but also significant challenges that concern shareholders and potential investors. Despite favourable global oil demand and energy market conditions, Oando’s performance in key financial metrics displayed a level of underachievement that prompts a closer examination of its future prospects.

Oando's top-line performance showed an encouraging growth trajectory, with revenue increasing to N3.19 trillion from N2.35 trillion in the same period in 2023. This growth was primarily driven by a substantial increase in sales volumes, especially during Q3 2024, indicating that the company was able to capitalise on rising global oil prices and demand. The company's gross earnings also mirrored this positive trend, rising sharply from N91.79 billion in 2023 to N194 billion in the same period in 2024.

While this growth in revenue and earnings is commendable, it must be noted that it did not necessarily translate into improved profitability. The cost of impairment on financial assets, along with a sharp increase in net istration expenses, resulted in a substantial rise in operating losses. The net loss for the period stood at N25.53 billion, a significant downturn from a loss of N748 billion reported previously. This suggests that while the company increased sales, it struggled with cost management and operational inefficiencies, factors that undermine its long-term financial health.

Oando’s operating income saw a notable decline from N209.65 billion in 2023 to N161.01 billion in 2024. This reduction in operating income is concerning, particularly in light of the revenue growth, as it suggests that rising operational costs and istrative expenses are outpacing the company’s ability to effectively manage its income streams. Consequently, the profit before tax (PBT) for Q3 2024 dropped substantially from N142.58 billion in 2023 to just N31.13 billion in 2024, further highlighting the strain on the company’s profitability.

The company’s bottom-line performance also weakened, with the profit for the period falling from N110.21 billion to N76.39 billion year-on-year. This drop in profit is worrisome, as it reflect underlying issues within the company that hinder future growth. Given the challenging macroeconomic conditions, including fluctuating oil prices and global inflation, Oando need to adopt more aggressive cost-cutting strategies and efficiency measures to turn its financial performance around.

An alarming aspect of Oando's financials for Q3 2024 is the substantial increase in finance costs. The company’s finance costs surged from N89.46 billion in 2023 to N158.17 billion in 2024, marking an increase of nearly 77% year-on-year. This spike in finance costs, combined with a rise in net finance costs from N77.07 billion to N131.12 billion, signals that Oando is likely grappling with high-interest payments and financing challenges. These rising finance costs continue to drain resources, putting additional pressure on the company's bottom line and its ability to service its debts in the future.

The company's earnings per share (EPS) saw a decline from 900 kobo in 2023 to 600 kobo in 2024, reflecting the reduced profitability. This decline in EPS is a cause of concern for shareholders, especially those hoping for positive returns on their investments. The reduced EPS might dampen investor sentiment, as it signals that despite growth in revenue and earnings, Oando has not been able to translate that into effective shareholder value.

One of the most pressing concerns in Oando’s financial results is the sharp increase in its liabilities. The company reported a significant rise in trade and other payables, with total liabilities reaching a staggering N8.04 trillion, up from N1.38 trillion in 2023. This substantial increase in liabilities is a critical indicator that the company is facing heightened financial pressure, potentially threatening its ability to meet its obligations in the future.

The retained loss for the period was recorded at N441.8 billion, a slight improvement from the previous year’s N506.01 billion. However, despite this improvement, the company still faces substantial accumulated losses, indicating that it has yet to recover from previous years of financial strain. These liabilities, along with the negative cash flow and financial impairment, limit Oando's capacity to reinvest in growth opportunities or address shareholder concerns.

Outlook as a Going Concern

Given the mixed performance outlined above, Oando Plc’s outlook as a going concern remains uncertain. While the company has managed to grow its revenue and gross earnings in a challenging global energy market, the persistent issues related to increasing operating costs, rising finance charges, and declining profitability raise red flags regarding its future stability.

The significant rise in liabilities also presents a serious concern for investors, as it suggests that the company is relying on additional debt to fund its operations, which further strain its financial position. The company’s ability to service this debt, maintain liquidity, and reduce its impairment losses will be critical in determining its long-term viability.

For shareholders, Oando’s current trajectory suggests that the company is faced with short-term financial challenges, and there is limited returns on investment in the near future unless the company implements effective strategies to manage costs, improve operational efficiency, and reduce debt. The company’s ability to navigate these financial difficulties and achieve a turnaround is crucial to sustaining shareholder confidence.

Oando Plc’s Q3 2024 financial results present a somewhat disappointing picture for shareholders and investors, with growth in revenue and earnings overshadowed by significant challenges in profitability, rising liabilities, and increasing finance costs. The company’s future prospects will heavily depend on its ability to manage costs, improve efficiency, and reduce debt. While the oil and energy markets remain favourable, Oando must navigate its internal financial struggles to secure long-term sustainability and regain investor confidence.

We try again today...

essentialone:


What else could be the reason why someone has so far mopped up 280 million units of ETranzact?
it has been on Full Offer since September, until now.
What changed?

Mr Time will reveal more facts if any

chimex38:
....Be like Wale no wan make we get time digest this result before AGM...

barely 12hrs to AGM fah!!!

The game is the game. He surely knows the game wella

Why the NAIRA is Crashing Again

https://www.youtube.com/watch?v=-aUGKhSjZpc
Nairametrics

Communication Sector records lowest inflation rate in Nigeria at 2.3% amid calls for price increases

https://nairametrics.com/2024/12/16/communication-sector-records-lowest-inflation-rate-in-nigeria-at-2-3-for-november-2024/

FEC Approves ₦‎47.96 Trillion Budget For 2025

https://news360ng.news/breaking-fec-approves-n47-96-trillion-budget-for-2025-with-significant-increase-in-expenditure/

ositadima1:
Oando was below 70 for quite a while, yet some people with their "tachere" thinking thought they were smarter than the big boys, who invested over 40 billion Naira at levels above that. If you had bought at 62, you would have outperformed those 50 billion Naira investments this year alone. Do you think the moneybags threw in that much money without analyzing the upside? Do you really think your "tachere" mindset and limited exposure can beat the billions? You’re deluded.

The same goes for Aradel. Billions have been invested at levels above the current price. Forget wretched analysis and follow the money (Billions).

For what time frame is this picture of Oando Value Profile ?
Great tip you share in the picture, for not betting (or is it investing) at a price above that of big money !!

BabsO2:


For what time frame is this picture of Oando Value Profile ?
Great tip you share in the picture, for not betting (or is it investing) at a price above that of big money !!

Approximately one year from yesterday (2023-12-1 to 2024-12-15). You can see this in the code as the last 250 days.

https://www.timesng.com/news/top-news/761857-2025-budget-n13trn-deficit-to-be-financed-through-borrowing-finance-minister.html

2025 Budget: ₦‎13 Trillion Deficit To Be Financed Through Borrowing – Wale Edun

ositadima1:


Approximately one year from yesterday (2023-12-1 to 2024-12-15). You can see this in the code as the last 250 days.

Interesting. In the last 250 days those that got in below N15 won the bet so far. And those that sold below N15 kind of lost the bet.

ositadima1:


Approximately one year from yesterday (2023-12-1 to 2024-12-15). You can see this in the code as the last 250 days.

Python Dev

Chai.....
Like play like play PRESCO no pay US INTERIM this year!!!
What happened?

Sunrisepebble:
Are we looking at the same results?
The profit has declined from 9M 2023 versus 9M 2024

I prefer comparing current year Q3 results with the figures per prior year audited s e.g. as at 31-Dec-2023.
That, to me, gives a more realistic comparable picture, as most figures in prior year Q3 results would have been revised in the audited s.
Similar thing happened in Oando's results for Q3 2024 e.g. the profit in Q3 2023 was N110bn, but the final figure was even lower in the 2023 audited s.

designking:
Oando Plc Q3 2024 Financial Performance: A Mixed Outlook for Shareholders and Future Investment

Oando Plc, one of Nigeria's largest integrated energy companies, has recently released its unaudited consolidated financial results for the third quarter ending September 30, 2024. The company’s performance during this period presented a mixed bag of results, revealing some positive growth but also significant challenges that concern shareholders and potential investors. Despite favourable global oil demand and energy market conditions, Oando’s performance in key financial metrics displayed a level of underachievement that prompts a closer examination of its future prospects.

Oando's top-line performance showed an encouraging growth trajectory, with revenue increasing to N3.19 trillion from N2.35 trillion in the same period in 2023. This growth was primarily driven by a substantial increase in sales volumes, especially during Q3 2024, indicating that the company was able to capitalise on rising global oil prices and demand. The company's gross earnings also mirrored this positive trend, rising sharply from N91.79 billion in 2023 to N194 billion in the same period in 2024.

While this growth in revenue and earnings is commendable, it must be noted that it did not necessarily translate into improved profitability. The cost of impairment on financial assets, along with a sharp increase in net istration expenses, resulted in a substantial rise in operating losses. The net loss for the period stood at N25.53 billion, a significant downturn from a loss of N748 billion reported previously. This suggests that while the company increased sales, it struggled with cost management and operational inefficiencies, factors that undermine its long-term financial health.

Oando’s operating income saw a notable decline from N209.65 billion in 2023 to N161.01 billion in 2024. This reduction in operating income is concerning, particularly in light of the revenue growth, as it suggests that rising operational costs and istrative expenses are outpacing the company’s ability to effectively manage its income streams. Consequently, the profit before tax (PBT) for Q3 2024 dropped substantially from N142.58 billion in 2023 to just N31.13 billion in 2024, further highlighting the strain on the company’s profitability.

The company’s bottom-line performance also weakened, with the profit for the period falling from N110.21 billion to N76.39 billion year-on-year. This drop in profit is worrisome, as it reflect underlying issues within the company that hinder future growth. Given the challenging macroeconomic conditions, including fluctuating oil prices and global inflation, Oando need to adopt more aggressive cost-cutting strategies and efficiency measures to turn its financial performance around.

An alarming aspect of Oando's financials for Q3 2024 is the substantial increase in finance costs. The company’s finance costs surged from N89.46 billion in 2023 to N158.17 billion in 2024, marking an increase of nearly 77% year-on-year. This spike in finance costs, combined with a rise in net finance costs from N77.07 billion to N131.12 billion, signals that Oando is likely grappling with high-interest payments and financing challenges. These rising finance costs continue to drain resources, putting additional pressure on the company's bottom line and its ability to service its debts in the future.

The company's earnings per share (EPS) saw a decline from 900 kobo in 2023 to 600 kobo in 2024, reflecting the reduced profitability. This decline in EPS is a cause of concern for shareholders, especially those hoping for positive returns on their investments. The reduced EPS might dampen investor sentiment, as it signals that despite growth in revenue and earnings, Oando has not been able to translate that into effective shareholder value.

One of the most pressing concerns in Oando’s financial results is the sharp increase in its liabilities. The company reported a significant rise in trade and other payables, with total liabilities reaching a staggering N8.04 trillion, up from N1.38 trillion in 2023. This substantial increase in liabilities is a critical indicator that the company is facing heightened financial pressure, potentially threatening its ability to meet its obligations in the future.

The retained loss for the period was recorded at N441.8 billion, a slight improvement from the previous year’s N506.01 billion. However, despite this improvement, the company still faces substantial accumulated losses, indicating that it has yet to recover from previous years of financial strain. These liabilities, along with the negative cash flow and financial impairment, limit Oando's capacity to reinvest in growth opportunities or address shareholder concerns.

Outlook as a Going Concern

Given the mixed performance outlined above, Oando Plc’s outlook as a going concern remains uncertain. While the company has managed to grow its revenue and gross earnings in a challenging global energy market, the persistent issues related to increasing operating costs, rising finance charges, and declining profitability raise red flags regarding its future stability.

The significant rise in liabilities also presents a serious concern for investors, as it suggests that the company is relying on additional debt to fund its operations, which further strain its financial position. The company’s ability to service this debt, maintain liquidity, and reduce its impairment losses will be critical in determining its long-term viability.

For shareholders, Oando’s current trajectory suggests that the company is faced with short-term financial challenges, and there is limited returns on investment in the near future unless the company implements effective strategies to manage costs, improve operational efficiency, and reduce debt. The company’s ability to navigate these financial difficulties and achieve a turnaround is crucial to sustaining shareholder confidence.

Oando Plc’s Q3 2024 financial results present a somewhat disappointing picture for shareholders and investors, with growth in revenue and earnings overshadowed by significant challenges in profitability, rising liabilities, and increasing finance costs. The company’s future prospects will heavily depend on its ability to manage costs, improve efficiency, and reduce debt. While the oil and energy markets remain favourable, Oando must navigate its internal financial struggles to secure long-term sustainability and regain investor confidence.

Thanks for this.
However, always try and provide the links for sources of write ups like this.

Mfunkynation:
Chai.....
Like play like play PRESCO no pay US INTERIM this year!!!
What happened?

Una nor want more value again ni? No dividend for una this year and next Dem fit give bonus sha

mikeapollo:


Thanks for this.
However, always try and provide the links for sources of write ups like this.

whaaaaaaaaaaaaaaaaat
what are you implying by this statement

https://doclib.ngxgroup.com/Financial_NewsDocs/42714_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_DECEMBER_2024.pdf

22kboepd to 30kboepd post acquisition and after the reporting period. Not good enough if that includes NAOC assets. I expect this value to be much higher this Q4. At least double according to OER's MD's tweet below. So this 9M results was affected by interruptions to operations but they have had 100 days of uninterrupted operations, doubled production etc which should reflect in Q4 results. We are watching.

Again a lot needs to be done with keeping costs and expenses down and get someone who can fix that trading business. All IMO.

Abeg link to AGM please. Previous link shared not working.

Redoil:
whaaaaaaaaaaaaaaaaat
what are you implying by this statement

I don’t think he’s implying anything other than telling the OP to put the source of the info/references as you would for any other news article, so that people can do their own DD.

Panadee:


I don’t think he’s implying anything other than telling the OP to put the source of the info/references as you would for any other news article, so that people can do their own DD.

ok i understand you the guy might be copy and paste person

Agbalowomeri:


Uncle Tolu
Wahala be like

I got ya😁👍

https://www.youtube.com/watch?v=niumo5XgCKo

Ding