NewStats: 3,261,254 , 8,173,534 topics. Date: Wednesday, 28 May 2025 at 05:06 PM 5x958

zendi:
Oando sits on a huge chunk of OPEC's oil reserve;
Has Africa's most important Top Guy as Godfather;
Is languishing under N200, waiting to make somebody rich.

Oando is the world's greatest baby stock.

Not investment advice.

https://www.thisdaylive.com/index.php/2025/01/27/wale-tinubu-oando-has-over-a-billion-barrels-of-oil-reserves/

All this one na English. If what sunrise say turn out to be true then it is to their tent o Israel

robobo:



I beg make dem just hold d tin till late on Friday so that the vexation to dump am go reduce small over the weekend

zendi:
Oando sits on a huge chunk of OPEC's oil reserve;
Has Africa's most important Top Guy as Godfather;
Is languishing under N200, waiting to make somebody rich.

Oando is the world's greatest baby stock.

Not investment advice.

https://www.thisdaylive.com/index.php/2025/01/27/wale-tinubu-oando-has-over-a-billion-barrels-of-oil-reserves/

Thisday newspaper are really making money..

I hope these adverts also take a page on their hard-copy print as well?
Wale Oooo

Sunrisepebble:
Oando is out. A loss in Q4

Lol!
Oando is like a big river or ocean. If you are not a good swimmer do not dive in.

OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Naysayers, make una go thru the pages patiently o.
Make use of your glasses if needs be..
Profit After Tax of N65bn
OANDO fast getting on right track.....😁

Sunrisepebble:
Oando is out. A loss in Q4

Is that the final result for the year?

Oando actually made a profit of N65b for full year FY2024

yMcy56:
OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Make una continue with una Oando

At least we should hear less noise about the stock henceforth

chimex38:

Thisday newspaper are really making money..

I hope these adverts also take a page on their hard-copy print as well?
Wale Oooo

It is very likely that they want to raise funds

Q4 standalone

mikeapollo:


Is that the final result the year?

Oando actually made a profit of N65b for full year FY2024

Agbalowomeri:
It is very likely that they want to raise funds

Yes Sir.
OANDO most likely coming to market
Interesting times ahead.....😊

mikeapollo:


Is that the final result the year?

Oando actually made a profit of N65b for full year FY2024

EPS ngn5

yMcy56:
OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Naysayers, make una go thru the pages patiently o.
Make use of your glasses if needs be..
Profit After Tax of N65bn
OANDO fast getting on right track.....😁

Yes and EPS of ngn5

There's a lot of things I dont understand about the business.
Maybe someone can explain how they're doing revenue of N4trn producing about 25kboepd (as at H1), of which some are pledged as collateral vs Seplat (producing ~50kboepd) doing N1trn. No breakdown of the ginormous cost of sales of N3.8trn

yMcy56:
OANDO
Q4 2024.....
https://doclib.ngxgroup.com/Financial_NewsDocs/43051_OANDO_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Naysayers, make una go thru the pages patiently o.
Make use of your glasses if needs be..
Profit After Tax of N65bn
OANDO fast getting on right track.....😁

Sunrisepebble:
Q4 standalone

But you know that we all are interested and expecting the actual final result for the year FY2024

SAK:
Yes and EPS of ngn5

Na small small Oga mi
Loss reduced drastically..
At least we have to give it to OANDO this time around.....
This is a positive development in many years past....
Result released as at when due! 🙌

Over to the analysts, but make Una take enough time to digest the result first.....😁

Agbalowomeri:


Na only buy you dey buy
You nor dey sell?😂

Apologies, all my commentary on results so far has been on a quarterly basis

mikeapollo:


But you know that we all are interested and expecting the actual final result for the year FY2024

Oando

Profit
2023: ~60.3B
2024: ~65.5B

EPS
2023: 5
2024: 5

istrative expenses
2023: ~261.4B
2024: ~402.7B

Oga Wale.....

Raider76:
FBNH

https://doclib.ngxgroup.com/Financial_NewsDocs/43045_FBN_HOLDINGS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

EPS of N20.40

Ote doing wonders.

FOMO will start tomorrow.

Not just 4th quarter, it is FY
Revenue 4.12T, Cost of sales 3.84T

Sunrisepebble:
Apologies, all my commentary on results so far has been on a quarterly basis

Sunrisepebble:
There's a lot of things I dont understand about the business.
Maybe someone can explain how they're doing revenue of N4trn producing about 25kboepd (as at H1), of which some are pledged as collateral vs Seplat (producing ~50kboepd) doing N1trn. No breakdown of the ginormous cost of sales of N3.8trn

They do a lot of trading i. e. buying and selling of crude.
The cost of sale is high because of cost of purchases of crude , which produces a small margin when sold.
Oando actually improved their gross margin in Q4 but the high finance cost of N73b and expenses of N86b really affected the bottom line. Once they are able to raise equity capital and settle their biggest loans, the profit will rise higher.

FY 2024
With all this humongous revenue and ends up in a loss
The game is the game... As in Megawealth's voice

Sunrisepebble:
There's a lot of things I dont understand about the business.
Maybe someone can explain how they're doing revenue of N4trn producing about 25kboepd (as at H1), of which some are pledged as collateral vs Seplat (producing ~50kboepd) doing N1trn. No breakdown of the ginormous cost of sales of N3.8trn

Makes sense

mikeapollo:

They do a lot of trading i. e. buying and selling of crude.
The cost of sale is high because of cost of purchases of crude , which produces a small margin when sold.
Oando actually improved their gross margin in Q4 but the high finance cost of N73b really affected them Once they are able to raise equity capital and settle their biggest loans, the profit will rise higher.

https://doclib.ngxgroup.com/Financial_NewsDocs/43050_JAIZ_BANK_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/43052_VFD_GROUP_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/43053_C_AND_I_LEASING_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/43055_STANBIC_IBTC__HOLDINGS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Net loss of -#65.5B or -#232.1B

Youngzedd:
Oando

Profit
2023: ~60.3B
2024: ~65.5B

EPS
2023: 5
2024: 5

istrative expenses
2023: ~261.4B
2024: ~402.7B

Oga Wale.....

Christmas/End of the year party on my mind...
So, what was Wale celebrating with top artists.

Wale Syndrome

Youngzedd:



Ote doing wonders.

FOMO will start tomorrow.

I'm thinking of selling chams to buy first bank tomorrow but what if chams releases fantastic result? Their bm was yesterday? E gba mi o

https://doclib.ngxgroup.com/Financial_NewsDocs/43053_C_AND_I_LEASING_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Can someone please explain why this report is somehow?

COMPANY figures are higher than GROUP figures.

EPS for company is 543 kobo

EPS for group is 25 kobo

What about this “Corporate”, this seems to be dragging down the performance of the company

mikeapollo:

They do a lot of trading i. e. buying and selling of crude.
The cost of sale is high because of cost of purchases of crude , which produces a small margin when sold.
Oando actually improved their gross margin in Q4 but the high finance cost of N73b really affected the bottom line. Once they are able to raise equity capital and settle their biggest loans, the profit will rise higher.

Youngzedd:



Ote doing wonders.

FOMO will start tomorrow.

But Ote could be stingy with dividend payout..

SonofElElyonRet:


But Ote could be stingy with dividend payout..

Geregu way