NewStats: 3,259,778 , 8,170,894 topics. Date: Monday, 26 May 2025 at 12:43 AM 405914

jckgroup1:
Christmas/End of the year party on my mind...
So, what was Wale celebrating with top artists.

Wale Syndrome

Renewed Hope

https://doclib.ngxgroup.com/Financial_NewsDocs/43054_STERLING_FINANCIAL_HOLDINGS_COMPANY_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Youngzedd:


Geregu way

You gerrit

Wale is a typical Nigeria politician. He is running Oando the way Nigeria is been run. A lot of big talks but poor results.

Oando is still very unstable for a long term hold. The company is most likely not going to pay a dividend in 2025 and share prices might not even appreciate substantially given that it is still struggling with debts and running capital.

Aside the share bonus thing, there are no attraction for holding an Oando share right now.

My 2cent though.

Nice one

We both share 8 of the 13.

I also like you hold UPDC REIT

Youngzedd:


Attached is my portfolio.


I bought using DCA between September - November 2024

I put an equal amount in all of them.

Note: I took a high risk on Ellalakes with what I could afford to lose.


Whisper: At 100% profit, I take out the capital and put in Money Market Funds (Mutual Funds). This way, I will run a risk free trade and leave it for long term. My papa no be CEO

chimex38:

Both parties are fighting for the soul of FBN by the way.


Na cruise I dey.
Don't take it to heart.

No now not Obaseki but Otudeko

Majority shareholders increase their stake to 84% from 65%, something is telling me they will later delist the company.

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

Yes. And that is another big thing dragging the performance of the company

Can people look at this 65bn very well. Looks like there is an error in the computation. Income tax expences (17bn) was erroneously added to profit before income tax (47bn) to arrive at the 65bn. I think the correct figure should have been 31bn if you deduct income tax from pbt.
Or, maybe I didn't check very well?

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.....😁

GeeKudi:
Can people look at this 65bn very well. Looks like there is an error in the computation. Income tax expences (17bn) was erroneously added to profit before income tax (47bn) to arrive at the 65bn. I think the correct figure should have been 31bn if you deduct income tax from pbt.
Or, maybe I didn't check very well?

You're right. PAT should be ~30.1B

I doubt if that was a mistake. They don't want to declare lower profit, so they

The more you look, the less you see.

sterlingD:


CUSTODIAN

https://doclib.ngxgroup.com/Financial_NewsDocs/43021_CUSTODIAN_INVESTMENT_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Weldone to custodian with EPS increase by over 100%... This could get to 30 though I already got out of the bus @19 sha. Let me just say congratulations to those still in the bus or maybe not . This year I go caution my greed

Bagwa:
Honeyflour

Yet the thing closed on green. This market sha

yMcy56:
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

VFD group should face the North side with this result o. Meanwhile CI leasing Na wa o...kai

ojeysky:


VFD group should face the North side with this result o. Meanwhile CI leasing Na wa o...kai

CI made 273M PAT in 2023. It was stated as 993M in this report. What else might be wrongly stated

CONHALLPLC result!
From N3bn PAT to N24bn!!
This one na candidate of N5 naira or above stock o
Abi na me no see am well?

** Locotrader come out small make we talk about some of these results......

https://doclib.ngxgroup.com/Financial_NewsDocs/43061_CONSOLIDATED_HALLMARK_HOLDINGS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Im particularly impressed about this prompt release of results by most of these companies this year, especially OANDO and Insurance Companies, NAICOM tried this time around.

Plenty results don drop....
Make Una dey check your company results here.....😊

https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results

I’ve explained this before. They’re one of the largest shareholders in Aradel, so the huge gains Aradel posted last year is what contributed to that. That’s the huge jump in “Investment Income”. So good result but a one off.
Custodian is also similar, being one of the top shareholders of Aradel also

yMcy56:
CONHALLPLC result!
From N3bn PAT to N24bn!!
This one na candidate of N5 naira or above stock o
Abi na me no see am well?

** Locotrader come out small make we talk about some of these results......

https://doclib.ngxgroup.com/Financial_NewsDocs/43061_CONSOLIDATED_HALLMARK_HOLDINGS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Im particularly impressed about this prompt release of results by most of these companies this year, especially OANDO and Insurance Companies, NAICOM tried this time around.

https://doclib.ngxgroup.com/Financial_NewsDocs/43064_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

NAHCO - Q4 Standalone EPS:N1.90 less than N3 in Q3
FY24 EPS N6.60
The stock is fairly priced

SAK:
No now not Obaseki but Otudeko

Oh true..
Now I know why d emphasis.
cruise don cruise me
Thank you.

Agbalowomeri:


It is very likely that they want to raise funds

They realy should.

GeeKudi:
Can people look at this 65bn very well. Looks like there is an error in the computation. Income tax expences (17bn) was erroneously added to profit before income tax (47bn) to arrive at the 65bn. I think the correct figure should have been 31bn if you deduct income tax from pbt.
Or, maybe I didn't check very well?

Good Observation..
But on further checks according to the line item, it's more likely a tax-credit rather than a tax-expense, hence not bracketed and rightly added.

In the same line item, they got a tax credit from their exploration activity of ₦27.99bn and it was added. That's the source of the observation you rightly highlighted.

I could also be wrong.
Cc: Youngzedd

crownprince2017:
Majority shareholders increase their stake to 84% from 65%, something is telling me they will later delist the company.

I cant seems to see the Shareholding Structure
I've been searching for it
Which page did you see this pls

Sunrisepebble:
I’ve explained this before. They’re one of the largest shareholders in Aradel, so the huge gains Aradel posted last year is what contributed to that. That’s the huge jump in “Investment Income”. So good result but a one off.
Custodian is also similar, being one of the top shareholders of Aradel also

Long term investment of around N1.5bn was stated, possibly it's for ARADEL investment....
If this is so, then it can't be a one-off thing....
CHI will still continue to benefit from ARADEL's future gains.

designking:
Wale is a typical Nigeria politician. He is running Oando the way Nigeria is been run. A lot of big talks but poor results.

Oando is still very unstable for a long term hold. The company is most likely not going to pay a dividend in 2025 and share prices might not even appreciate substantially given that it is still struggling with debts and running capital.

Aside the share bonus thing, there are no attraction for holding an Oando share right now.

My 2cent though.

Let's be fair to Wale. He might have gotten things wrong in the past but the recent results are giving a clear picture of progress... If he continues this way, Oando should do wonders soon

DYOR

*edited*

GeeKudi:
Can people look at this 65bn very well. Looks like there is an error in the computation. Income tax expences (17bn) was erroneously added to profit before income tax (47bn) to arrive at the 65bn. I think the correct figure should have been 31bn if you deduct income tax from pbt.
Or, maybe I didn't check very well?

They will continue to benefit but will they see it move from N1,000 to N17,000 (850.1 post split), +1,600%, in a calendar year the way it did last year ?

yMcy56:

Long term investment of around N1.5bn was stated, possibly it's for ARADEL investment....
If this is so, then it can't be a one-off thing....
CHI will still continue to benefit from ARADEL's future gains.

crownprince2017:

Majority shareholders increase their stake to 84% from 65%, something is telling me they will later delist the company.

Which company is this?

Oando Q4 2024 Financial Performance: A Year of Growth Amidst Challenges


Oando has released its unaudited financial statements for the year ending December 31, 2024, showing a mixed performance driven by substantial revenue growth but impacted by rising costs and increased finance expenses. Despite the challenges, the company’s revenue surge and its strategic business moves provide a fascinating glimpse into its resilience and future potential.

Oando’s total revenue for 2024 soared to N4.12 trillion, up from N2.85 trillion in 2023, representing an impressive 45% increase. This remarkable growth was primarily fueled by a significant rise in sales volumes, which climbed to N3.84 trillion from N2.76 trillion. The growth in sales volumes points to increased demand for Oando's products and services, highlighting the company's ability to tap into a growing market amidst tough economic conditions. The increase in revenue is a strong indicator of the company’s operational strength and the effectiveness of its sales strategies.

A key highlight of Oando’s 2024 performance was its substantial improvement in gross profit, which surged from N85 billion in 2023 to N282.5 billion. This nearly threefold increase emphasises the company's ability to manage its production and operational costs efficiently, despite the inflationary pressures and rising global prices affecting the oil and gas sector. The growth in gross profit demonstrates Oando’s strong operational management and its capacity to retain a solid portion of its earnings amid higher expenses.

While Oando experienced growth in core business revenues, its other income—earned from non-core business activities—saw a decline, dropping from N399.9 billion in 2023 to N349.7 billion in 2024. Although the company earned less from non-core activities, this decline was somewhat offset by its robust performance in its main operations.

However, the company’s operating income, a measure of its core business profitability, saw a marginal increase to N220.2 billion from N218.3 billion. This rise can be attributed to higher revenues, though it also reflects the company’s increased expenditures. Operating expenses climbed in 2024, driven by inflation, expansion efforts, and rising istrative costs, including higher salaries and office-related expenses.

In 2024, Oando's finance costs ballooned to N173.6 billion, up from N116.4 billion in the previous year. This surge was largely due to higher interest payments on debt, a reflection of the company’s financing strategies and the global interest rate environment. On the other hand, Oando also experienced a positive rise in finance income, which grew from N16.8 billion in 2023 to N58.4 billion in 2024. While this helped offset some of the rising finance costs, it wasn’t enough to shield the company from the overall financial pressures.

Despite the revenue growth, Oando’s profit before tax (PBT) dropped significantly in 2024, falling to N47.7 billion from N102.9 billion in 2023. This decline in pre-tax profits indicates that the increase in revenue could not fully offset the rising operational and finance costs. The company's bottom line was further impacted by a larger loss for the period, which grew to N232 billion compared to a loss of N133 billion in 2023. This stark loss highlights that, despite strong revenue generation, the company faced substantial challenges in managing costs and financial pressures, leading to a negative net income.

One of the more consistent aspects of Oando’s performance was its earnings per share (EPS), which remained steady at N5 per share, identical to the previous year. This consistency in EPS indicates that the company’s basic profitability did not fluctuate dramatically, despite the overall loss. As of the end of January 30 2025, Oando’s market price stood at N76.00 per share, with an earnings yield of 6.68%. This reflects the market’s valuation of the company based on its current performance and potential future growth.

Recommendations: Hold or Sell?

Oando’s 2024 financials present a complex picture for investors. On one hand, the company saw impressive revenue growth and a notable increase in gross profit, suggesting strong operational capacity and market positioning. However, the significant increase in costs, particularly in finance charges and operating expenses, weighed heavily on its profitability. The higher-than-expected loss and the drop in profit before tax raise concerns about the company’s ability to manage its costs effectively in a challenging economic environment.

For investors, the recommendation would be to "HOLD" unless there is a clear strategy for improving cost management and enhancing operational efficiency. While the company has demonstrated resilience in driving revenue growth, the rising operational and finance costs remain a significant concern. Moreover, the larger loss for the period could have negative implications for shareholder returns in the short term. However, for those with a long-term investment horizon, Oando’s strong revenue growth, coupled with its market presence, may offer promiside once the company addresses its cost structure and financial leverage.

While Oando has shown growth in key financial metrics, the challenges of rising costs, finance expenses, and overall financial losses signal that investors should be cautious and consider holding their positions until clearer signs of improved cost management and profitability emerge.

chimex38:

Oh true..
Now I know why d emphasis.
cruise don cruise me
Thank you.

Enjoy your cruise

I know some people are in this market for get rich quick and oando now is the target. They are not happy with oando results because they wanted the extraordinary so that the price could fly to thr target...lol

The q4 and FY are good improvement as oando is not digging into the hole rather crawling out of the hole.If you are not ok with it.Just sell and have peace of mind like I have done with some stocks I don't like thr present results. I have equally move the cash to the ones I like thr results with possible sustainability in the results going forward.
Again oando did well in Q4 results. If they continue the quarterly results of 2025 this way then it will be too good .
Like I said oando is no longer a bet for me and don't owe you explanation. The 2024 results mostly q4 results beside banks have not been too fantastic as expected because of naija economic wahala. I expect better results this 2025.Your money what you do with it...na your business

GeeKudi:
Can people look at this 65bn very well. Looks like there is an error in the computation. Income tax expences (17bn) was erroneously added to profit before income tax (47bn) to arrive at the 65bn. I think the correct figure should have been 31bn if you deduct income tax from pbt.
Or, maybe I didn't check very well?

chimex38:

Good Observation..
But on further checks according to the line item, it's more likely a tax-credit rather than a tax-expense, hence not bracketed and rightly added.

In the same line item, they got a tax credit from their exploration activity of ₦27.99bn and it was added. That's the source of the observation you rightly highlighted.

I could also be wrong.
Cc: Youngzedd

Why Did Oando Report a Tax Credit?
Upstream Tax Incentives:

1. Nigeria’s Petroleum Industry Act (PIA) grants tax holidays, investment allowances, and deductions for oil exploration and production (E&P) activities.

2. Oando’s E&P segment likely triggered tax credits due to capital allowances or reinvestment in upstream assets (e.g., NAOC acquisition).

Deferred Tax Assets (DTAs):

1. Past losses or temporary differences (e.g., impairments, depreciation) can create DTAs, which offset taxable income.

2. If Oando utilized DTAs from prior years, it would reduce current tax liability.


Is the Tax Credit Sustainable?
Yes, if:

1. Oando continues qualifying for upstream tax breaks (e.g., PIA incentives for new exploration).

2. It maintains deferred tax assets (e.g., through ongoing capital expenditures or losses).

No, if:

1. Tax authorities revise policies or restrict incentives.

2. DTAs are exhausted, or profitability improves significantly (increasing taxable income).

Streetinvestor2:
I know some people are in this market for get rich quick and oando now is the target. They are not happy with oando results because they wanted the extraordinary so that the price could fly to thr target...lol

The q4 and FY are good improvement as oando is not digging into the hole rather crawling out of the hole.If you are not ok with it.Just sell and have peace of mind like I have done with some stocks I don't like thr present results. I have equally move the cash to the ones I like thr results with possible sustainability in the results going forward.
Again oando did well in Q4 results. If they continue the quarterly results of 2025 this way then it will be too good .
Like I said oando is no longer a bet for me and don't owe you explanation. The 2024 results mostly q4 results beside banks have not been too fantastic as expected because of naija economic wahala. I expect better results this 2025.Your money what you do with it...na your business

Key Risks Justifying a "Sell" or "Avoid"
Debt Burden:

1. Total borrowings (₦2.76 trillion) dwarf equity (₦273 billion).

2. Interest costs (₦232.1B) consume 4.2% of revenue, leaving minimal room for error.

Negative Operating Cash Flow:

1. ₦545.5B net cash used in operations signals liquidity strain.

Thin Margins:

1. Net profit margin of 1.6% is unsustainable for long-term growth.



Opportunities Justifying a "Hold" or Speculative "Buy"
Upstream Growth:

1. Acquisitions (NAOC, Angola Block KON 13) could boost reserves and production.

E&P Segment Strength:

1. 98% of operating profit comes from Exploration & Production (high-margin oil/gas).