NewStats: 3,259,573 , 8,170,545 topics. Date: Sunday, 25 May 2025 at 03:56 PM 5y5t3g

yMcy56:

CONHALLPLC also on full bid......
McNichols also

I have bought conhall.. would be interesting to see what they do with the humongous aradel windfall

KarlTom:
I think 10,048,237,955 units were 'added' (see Pg 32)...

Probably part of the recapitalization drive

That's not possible without official approval or due process followed to increase share capital.
The OS still remains 12.4bn

Your egungun wan cross express

Raider76:
Could be a good daytrade day for Oando.

Locotrader:
Yes, I came out because of E tranzact and CWG.
These used to be stocks of low profit margins in the past but today they have repositioned.Wait for CHAMS result any moment from now and see with your eyes how far they have improved.
Apart from omatek and NCR that needs restructuring,other stocks in the ICT sector are candidates of N10,N15,N20.
Cwg,E tranzact and Chams ,your own time has come.

I came back in peace.

Welcome.
Hopefully this guy suppressing CHAMS will release and let it go 😊
Hopefully the result will silence him as well.

Give me your street number so that I can you there jare

megawealth01:
I will now wait for Oando at bargain price to mop up what I can afford to lose just as a topup on the little I have been holding since last year...

Wale na man you bi

Locotrader:


Yes, I came out because of E tranzact and CWG.
These used to be stocks of low profit margins in the past but today they have repositioned.Wait for CHAMS result any moment from now and see with your eyes how far they have improved.
Apart from omatek and NCR that needs restructuring,other stocks in the ICT sector are candidates of N10,N15,N20.
Cwg,E tranzact and Chams ,your own time has come.

I came back in peace.

Senior Man, you are welcome. We don miss you o.
Na so so English we dey hear since you left and criticism,
people wey no fit predict 1% stock appreciation

Abeg drop JIJO for Men o.

yMcy56:

Dey no wan make this OANDO wahala finish
Anyone looking for bargain should better keep eye on this round of dumping session...😁

If 84% is now on the management side, to move it can't be difficult once they're ready.....

We re also still awaiting board meeting outcome on the share/cash distribution.......😊

I don't understand this your 84% you are talking about here.Pls explain

designking:
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.

Oando needs to raise equity capital to pay off some of the toxic debts to minimize finance costs; and also work to reduce/contain the huge istrative expenses, which I suspect may be partly related to additional overheads and employee costs associated with the acquisition of NAOC. The new Angola bloc may help improve margins if they could deploy some existing employees there and reap the benefits of economies of scale.
Otherwise, they may have to downsize if things continue this way.

The gross margin for Q4 2024 rose to 9.45% from paltry 3%-4 % in prior years. This improvement could be attributable to the newly acquired NAOC E&P assets, though the margin is still a far cry from industry average (Seplat 50%; Aradel 55%)
The E&P segment usually delivers the highest gross margins in the industry; Oando should improve on that.

Fundlocator:


Senior Man, you are welcome. We don miss you o.
Na so so English we dey hear since you left and criticism,
people wey no fit predict 1% stock appreciation

Abeg drop JIJO for Men o.

So na only JIJO naim Loco dey drop?

Locotrader:


Yes, I came out because of E tranzact and CWG.
These used to be stocks of low profit margins in the past but today they have repositioned.Wait for CHAMS result any moment from now and see with your eyes how far they have improved.
Apart from omatek and NCR that needs restructuring,other stocks in the ICT sector are candidates of N10,N15,N20.
Cwg,E tranzact and Chams ,your own time has come.

I came back in peace.

I am waiting to equally see chams results. Just my thoughts,stop dropping stock anyhow going forward. When you sense jijo stock buy and enjoy your ride.Or be dropping it coded to avoid too many name calling.
I no dey ready again to help anyone make or loose money because it adds no value to me..I have taken new position in some stocks in my jijo
portfolio as results come out for 2025 while I rebalance my investment portfolio

Streetinvestor2:
I don't understand this your 84% you are talking about here.Pls explain

Ignore it pls.
The person that mentioned 84 referred to another stock....and I wasn't able to it as at then.

Welcome back too.

Fundlocator:


Senior Man, you are welcome. We don miss you o.
Na so so English we dey hear since you left and criticism,
people wey no fit predict 1% stock appreciation

Abeg drop JIJO for Men o.

Manage the ones you are seeing now especially these ones in ICT sector.They are heading up more than what you will get in insurance or other stocks now.
I was on guest mode when I sighted TIP.
I would have drop it again before the move.

Streetinvestor2:
I am waiting to equally see chams results. Just my thoughts,stop dropping stock by anyhow going forward. When you sense jijo stock buy and enjoy your ride.Or be dropping it coded to avoid too many name calling.
I no dey ready again to help anyone make or loose money because it adds no value to me..I have taken new position in some stocks in my jijo
portfolio as results come out for 2025 while I rebalance my investment portfolio

Thank you my oga.
It's in my blood to drop a winning stock but can only come out once in a while to do it henceforth.

The ingrets here want to spoil show for people but because of the good ones,we move

Based on a historical payout, dividend can be as high as N5.86

Sunrisepebble:
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

GeeKudi:
That's expected.

Hopefully, there would be a cooperate action on the share redistribution soon.

Yes, it could be a deliberate decision to first release the ''negative'' or ''not-too-good'' news (which will cause a decline in share price), and later release the ''positive'' news (which could cause price to rise again), instead of doing it the other way round.

Locotrader:


Thank you my oga.
It's in my blood to drop a winning stock but can only come out once in a while to do it henceforth.

The ingrets here want to spoil show for people but because of the good ones,we move

Bros,

Nobody is suggesting that you shouldn’t share your thoughts or provide tips on stocks you believe are undervalued. However, when you aggressively promote a penny stock with low liquidity, it can raise suspicions. People may sense a sinister motive behind it or assume you’re acting out of self-interest.

You can take a cue from Current Price.

Locotrader:


Yes, I came out because of E tranzact and CWG.
These used to be stocks of low profit margins in the past but today they have repositioned.Wait for CHAMS result any moment from now and see with your eyes how far they have improved.
Apart from omatek and NCR that needs restructuring,other stocks in the ICT sector are candidates of N10,N15,N20.
Cwg,E tranzact and Chams ,your own time has come.

I came back in peace.

Welcome back. But ETranzact is an illiquid stock.

BETA GLASS

https://doclib.ngxgroup.com/Financial_NewsDocs/43071_BETA_GLASS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

MCNICHOLS

https://doclib.ngxgroup.com/Financial_NewsDocs/43067_MCNICHOLS_CONSOLIDATED_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

AXA MANSARD

https://doclib.ngxgroup.com/Financial_NewsDocs/43066_AXA_MANSARD_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

INDUSTRIAL AND MEDICAL GASES

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/INDUSTRIAL_AND_MEDICAL_GASES_-_Q4_UNAUDITED_FINANCIAL_STATEMENT_FOR_THE_PERIOD_ENDED_31_DEC_2024_.pdf

essentialone:


Welcome back. But ETranzact is an illiquid stock.

That is why he price am #15 na and cwg #10..

mikeapollo:

Yes, it could be a deliberate decision to first release the ''negative'' or ''not-too-good'' news (which will cause a decline in share price), and later release the ''positive'' news (which could cause price to rise again), instead of doing it the other way round.

ositadima1:
Financial Analysis of Oando PLC for the Year Ended 31 December 2024


1. Profitability
Revenue & Profitability:

The Group reported a profit of N65.5 billion for the 12 months ended December 2024, driven by the Exploration & Production (E&P) segment (N141.9 billion profit).

However, Q3 2024 saw a loss of N10.8 billion, primarily due to high istrative expenses (N402.7 billion annually) and finance costs (N232.1 billion).

The Supply & Trading segment improved significantly, turning a profit of N61.1 billion in 2024 compared to a loss in 2023.

2. Financial Position
Assets:

Total assets grew by 109% (N3.9 trillion in 2024 vs. N1.9 trillion in 2023), driven by acquisitions (e.g., NAOC) and revaluation of property, plant, and equipment (N2.04 trillion).

Intangible assets (e.g., goodwill, exploration assets) surged to N1.27 trillion, reflecting acquisitions and ongoing upstream investments.

Liabilities:

Total borrowings increased to N2.76 trillion (2024), with significant short-term debt (N1.05 trillion).

Lease liabilities (N8.99 billion) and decommissioning provisions (N93.7 billion) add to long-term obligations.

3. Cash Flow
Operating Activities: Net cash used in operations was N545.5 billion (2024), compared to positive cash flow in 2023, driven by working capital changes (e.g., receivables).

Investing Activities: Cash outflow of N686.2 billion due to acquisitions (e.g., NAOC) and capital expenditures.

Financing Activities: Reliance on debt (N2.27 trillion proceeds) to fund expansion, leading to a net cash inflow of N1.46 trillion.

4. Key Risks
High Leverage: Debt-to-equity ratio deteriorated, with total liabilities exceeding equity (N2.76 trillion vs. N273 billion equity). Interest expenses (N232.1 billion) strain profitability.

Legal & Contingent Liabilities:

Pending litigation (e.g., minority shareholder disputes, arbitration settlements).

Contingent liabilities from guarantees and unresolved tax claims.

Foreign Exchange Volatility: N155.9 billion foreign exchange loss in 2024 highlights exposure to currency fluctuations.

5. Strategic Moves
Acquisitions:

Completed the NAOC acquisition (OMLs 60–63) for N458.2 billion, boosting upstream assets.

Expansion into Angola’s Block KON 13 signals growth in exploration but adds execution risk.

Go-Private Initiative: Ongoing court battles with minority shareholders over the N7.71/share buyback scheme could delay restructuring.

6. Segment Performance
Exploration & Production (E&P):

Revenue: N416.9 billion (2024), up 229% YoY.

Operating profit: N218.9 billion (98% of Group total).

Supply & Trading:

Revenue: N3.7 trillion (2024), with a turnaround to N70.8 billion operating profit.

Corporate & Others: Drag on profits (N135.4 billion loss), likely due to consolidation adjustments and restructuring costs.

7. Outlook
Upside: Upstream growth (NAOC integration, Angola block) could boost reserves and production.

Downside: Debt servicing, legal disputes, and volatile oil prices threaten liquidity.

Nice break-down bro

yMcy56:

Thanks
Na page 31 my own open reach when I ed it, maybe it was network.

If minority and fundamentalists don't dump, how will substantial shareholders be able to increase their stakes the more.....
We must see to the end of all these...😁

tijany130:

Oga mi, we are awaiting share distribution update now ni o.



Meanwhile, once HW is able to successfully cross N10, 12 should be the next target .......

https://doclib.ngxgroup.com/Financial_NewsDocs/43057_CWG_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Best result so far. 10km

ACCESS HOLDINGS

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/Access_Holdings_Plc_Board_Approval_of_2024_Audited_s_.pdf

KarlTom:
I think 10,048,237,955 units were 'added' (see Pg 32)...

Probably part of the recapitalization drive

Hello Chief

can you please oblige me the copy (or link) of the result which you have that extend to page 32 (and mayb more). the version i have stops at page 31.

Locotrader:


Thank you my oga.
It's in my blood to drop a winning stock but can only come out once in a while to do it henceforth.

The ingrets here want to spoil show for people but because of the good ones,we move

Those of us wey chop the Insurance over 2x know whats up.

There is no certainty in life except death.

You have done well Bro

DEAR ALL, A TOTAL OF 95,000,000 UNITS OF JAPAUL GOLD & VENTURES PLC WAS EXECUTED AS OFF MARKET TRADE TODAY JANUARY 31, 2025 AT A PRICE OF N2.20 IN FOUR DEALS. THE TRADE WAS A NEGOTIATED DEAL WITH EDGEFIELD CAPITAL MANAGEMENT LIMITED AS BUYER AND GTI SECURITIES LIMITED AS SELLER THANK YOU.

megawealth01:
I will now wait for Oando at bargain price to mop up what I can afford to lose just as a topup on the little I have been holding since last year...

Wale na man you bi

You will not lose anything if you buy Oando at your bargain price and qualify for the share redistribution.
The prospects are bright but one has to be patient for the long wait and in good health, God willing.

mikeapollo:


You will not lose anything if you buy Oando at your bargain price and qualify for the share redistribution.
The prospects are bright but one has to be patient for the long wait and in good health, God willing.

i beg Oga Mike, make u no injure meeee oooooo

so make people wey no get good health no buy oando abiiiiiiiiii

lolllllllllllllllllllllllll

Oga Currentprice compliment sir.
Results are now coming out.....
Hope search for the 2025 jackpot FA stocks have been activated....
Search for the non-FA ones have been ongoing too....😁

E get one illiquid one that I saw at N2 naira last year, as at today it's at 6+
Chai!!
Wish I had the gut, patience and the fund to have picked some that time.
Long termers would have been the beneficiary....
I mentioned it here but never mention the name that time.......and, no one bothered to ask me which one it was. 😊
Very unpopular and illiquid. No one should still bother to ask anyway, I no get time for "gbas gbos", na results bring us come this time.

Meanwhile, Oga , all your stocks did well and old ones still delivering till date. Twale Sir!! 🙌

MANSARD
Lots of offloading and onloading ongoing in the market.
I never open the result anyway...

https://doclib.ngxgroup.com/Financial_NewsDocs/43066_AXA_MANSARD_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf