NewStats: 3,264,087 , 8,182,554 topics. Date: Monday, 09 June 2025 at 03:47 PM k2k3w

Streetinvestor2:
They bought it very cheap on another floor. The manipulation started thr till they moved it to nxg and pushed it to #800.It does not worth above #300 Some bought below #20

Time will tell.

people bought UCAP below #1 and UBA below #3

Picky1:


We hear you.....OandO chief marketer, well done!

The business is not about emotions.If this is ur only shop .I advise you go get another shop before you become too personal to post

leo1234:



Time will tell.

people bought UCAP below #1 and UBA below #3

You are right. I bought ucap below #1 and still holding.
It does not change the fact that some stocks on ngx have manipulated price. And aredel falls into such category like transcorp hotel,ote power company etc.We know how they started from the other floor. Then splited the shares like ground nuts.Made so much noise and pushed it to this floor and pumped it to #800.Go check the dividend then and now.Why are the guys who go millions via the spliting offloading it here now.If they had bought it on ngx floor they won't be offloading like what you have now.Infact many will be on loss

Oando secures $375 million injection from Afreximbank and Mercuria, eyes 100,000 barrels per day 

https://nairametrics.com/2025/06/05/oando-secures-375-million-injection-from-afreximbank-and-mercuria-eyes-100000-barrels-per-day/

Food don land for haters

Streetinvestor2:
You are right. I bought ucap below #1 and still holding.
It does not change the fact that some stocks on ngx have manipulated price. And aredel falls into such category like transcorp hotel,ote power company etc.We know how they started from the other floor. Then splited the shares like ground nuts.Made so much noise and pushed it to this floor and pumped it to #800.Go check the dividend then and now.Why are the guys who go millions via the spliting offloading it here now.If they had bought it on ngx floor they won't be offloading like what you have now.Infact many will be on loss

Aradel Holdings Plc was listed on the Nigerian Exchange (NGX) Main Board on October 14, 2024.

Listing Price: ₦702.69 per share

Shares Listed: 682,482,490 ordinary shares

Zenith Bank wins Best Bank In Nigeria in the Global Finance Best Banks Awards 2025


https://nairametrics.com/2025/06/05/zenith-bank-wins-best-bank-in-nigeria-in-the-global-finance-best-banks-awards-2025/

Heading to be number one? 🤔

This is my 2cents about Oando from a spectator's perspective. I don't have a single unit of Oando.

1. Is there an ongoing concern about Oando? YES!!
2. Was there some kind of financial engineering and window dressing in the Financial Statement of Oando? YES!!
3. Will people make money or lose money from the upward and downward swing of Oando regardless of the FS?? YES!!
4. Will Oando fail, declare bankruptcy or delist? NO!!
5. Will Oando come out of their financial mess? YES!!
6. Will Oando become bigger, and priced higher in the future? YES!!

All it takes for number 5 and 6 to happen is for Tinubu to complete his 8-year tenure, during which Oando will keep being lucky by finding sweet deals such as Acquisitions, JVs, Cheap Financing, Contracts, waivers, concessions, etc.

leo1234:


Aradel Holdings Plc was listed on the Nigerian Exchange (NGX) Main Board on October 14, 2024.

Listing Price: ₦702.69 per share

Shares Listed: 682,482,490 ordinary shares

Whr u not informed. It was listed on NASD. This was whr they did all the game and moved shell to ngx.what was the price there. What was the spliting numbers. How was the price pumped up till they moved to ngx.What changed in her financials while all these was happening. This had been my Stand since they came to ngx.i said I will not buy it above #250 since then.It is not a new viev

222Martins:
This is my 2cents about Oando from a spectator's perspective. I don't have a single unit of Oando.

1. Is there an ongoing concern about Oando? YES!!
2. Was there some kind of financial engineering and window dressing in the Financial Statement of Oando? YES!!
3. Will people make money or lose money from the upward and downward swing of Oando regardless of the FS?? YES!!
4. Will Oando fail, declare bankruptcy or delist? NO!!
5. Will Oando come out of their financial mess? YES!!
6. Will Oando become bigger, and priced higher in the future? YES!!

All it takes for number 5 and 6 to happen is for Tinubu to complete his 8-year tenure, during which Oando will keep being lucky by finding sweet deals such as Acquisitions, JVs, Cheap Financing, Contracts, waivers, concessions, etc.

😘

Does anyone think oando is a good buy ?

yMcy56:

Loco wey suppose be our marketer don get trapped inside Ellah bus, he don become investor by force..... 😁

*Updated*

Investor BJ

Why has NAICOM remained silent on the cancelled License of Standard Alliance Insurance Plc now renamed as Fortis Global Insurance Plc, yet NGX has rushed to change the name of a Suspended stock? What exactly is going on? Why is there so much silence from all Insurance stakeholders, on this matter?

@Streetinvestor,
Honestly, the true value of a listed equity is the price you paid for it. Transcorp Hotels (Transhotel) is a prime example of differing perspectives - optimists see its current price as justified, while pessimists and book value investors view it as overpriced. As a long-term investor who bought in at N3.60, and still holding and averaging up, I can attest to the company's strong fundamentals. The core business is thriving, with room occupancy increasing quarterly. I firmly believe Transhotel will reach sub N200 by Q1, 2026.
Transhotel operates in its own league, driven by patient investors who trust the system. The majority owners, HH and MOFI, share this vision. To succeed in the stock market, one needs to cultivate patience, discipline, and consistency, avoiding the pitfalls of market timing. As the adage goes, "time is the friend of wonderful companies. Time would soon push Aradel to N1k regardless of the current price and outstanding shares.
If you lack confidence in a listed company, it's best to avoid it. If you can't resist, consider expressing your concerns to management - they may not respond, but they might take action. Interestingly, I've seen companies turn around after receiving from investors.

Streetinvestor2:
You are right. I bought ucap below #1 and still holding.
It does not change the fact that some stocks on ngx have manipulated price. And aredel falls into such category like transcorp hotel,ote power company etc.We know how they started from the other floor. Then splited the shares like ground nuts.Made so much noise and pushed it to this floor and pumped it to #800.Go check the dividend then and now.Why are the guys who go millions via the spliting offloading it here now.If they had bought it on ngx floor they won't be offloading like what you have now.Infact many will be on loss

I don’t agree with No.5. The liabilities on the balance sheet is not a joke

222Martins:
This is my 2cents about Oando from a spectator's perspective. I don't have a single unit of Oando.

1. Is there an ongoing concern about Oando? YES!!
2. Was there some kind of financial engineering and window dressing in the Financial Statement of Oando? YES!!
3. Will people make money or lose money from the upward and downward swing of Oando regardless of the FS?? YES!!
4. Will Oando fail, declare bankruptcy or delist? NO!!
5. Will Oando come out of their financial mess? YES!!
6. Will Oando become bigger, and priced higher in the future? YES!!

All it takes for number 5 and 6 to happen is for Tinubu to complete his 8-year tenure, during which Oando will keep being lucky by finding sweet deals such as Acquisitions, JVs, Cheap Financing, Contracts, waivers, concessions, etc.

Sunrisepebble:
I don’t agree with No.5. The liabilities on the balance sheet is not a joke

If you don't agree, does that change the possibility of them digging out? Or are you the one who decides — is it really in your hands? You've made your point based on what you believe, which may or may not be flawed. It seems like this is getting personal for you.

This is turning into the kind of prediction that makes people hide their faces when they're finally wrong. Why go this far over something you have absolutely no control over?

Mankind2024:
@Streetinvestor,
Honestly, the true value of a listed equity is the price you paid for it. Transcorp Hotels (Transhotel) is a prime example of differing perspectives - optimists see its current price as justified, while pessimists and book value investors view it as overpriced. As a long-term investor who bought in at N3.60, and still holding and averaging up, I can attest to the company's strong fundamentals. The core business is thriving, with room occupancy increasing quarterly. I firmly believe Transhotel will reach sub N200 by Q1, 2025.
Transhotel operates in its own league, driven by patient investors who trust the system. The majority owners, HH and MOFI, share this vision. To succeed in the stock market, one needs to cultivate patience, discipline, and consistency, avoiding the pitfalls of market timing. As the adage goes, "time is the friend of wonderful companies. Time would soon push Aradel to N1k regardless of the current price and outstanding shares.
If you lack confidence in a listed company, it's best to avoid it. If you can't resist, consider expressing your concerns to management - they may not respond, but they might take action. Interestingly, I've seen companies turn around after receiving from investors.

Let me also chip in a few words. Early investors especially employees from Shell, ExxonMobil, Total Upstream, banks and many Investment or Asset Management Companies purchased Niger Delta Exploration Production PLC (now Aradel PLC) when its price was around NGN150 to NGN200 per unit. A lot of them sold on the floor of the NASD when the shares were split and listed on that platform.

What I have noticed is that the mega guys do not sell their shares, they mostly do cross deal to their SPVs, etc. As a matter of fact, they use such opportunities to purchase more shares not only because of capital appreciation but use those shares and dividends that accrue from them as collateral to collect flexible loans and mortgages at significantly discounted rates which reduces the amount of income tax they have to pay to the government (you don't pay taxes on loans).

If you check their personal income statements, most of their taxes are recorded based on VAT and transactions they do in the financial markets to which they sometimes get rebates on especially those ones linked to FGN bonds and Treasury Bills.

That is why many C Suite executives in top companies listed on the NGX receive the larger chunk of their remuneration through bonus shares of companies they work in. It could also apply to other employees at lower levels when such employees have met the vesting period of such organisations.

It is similar to what Oga Emma encourages us to do which he shares on this platform whenever he talks about taking loans using shares as collateral. One of the differences is that these guys get theirs at significantly discounted rates.

When you hear someone like Karl Toriola collecting over NGN400 Million as annual remuneration, you should note that a significant amount of that remuneration is given to him through shares in MTN (local and international) shares.

In addition to this, as long as companies continue to pay dividends, they will be within the investing zone captured by most non banking financial institutions such as open and closed pension fund s, insurance and asset management companies thereby creating investment outlets for some of these companies.

Na average Joe dey quick buy amd sell shares to meet personal needs. The wealthy dey use shares to collect loans or mortgages to reduce the taxes they pay to government. When those share prices increase significantly, they use the equity release option to get more cash in their hands to enable them reduce their obligations or increase their loans.

essentialone:
Why has NAICOM remained silent on the cancelled License of Standard Alliance Insurance Plc now renamed as Fortis Global Insurance Plc, yet NGX has rushed to change the name of a Suspended stock? What exactly is going on? Why is there so much silence from all Insurance stakeholders, on this matter?

You need to invite Mankind to write a letter

megawealth01:
Zenith Bank wins Best Bank In Nigeria in the Global Finance Best Banks Awards 2025


https://nairametrics.com/2025/06/05/zenith-bank-wins-best-bank-in-nigeria-in-the-global-finance-best-banks-awards-2025/

Heading to be number one? 🤔

Number one in of?

Sunrisepebble:
I don’t agree with No.5. The liabilities on the balance sheet is not a joke

Read they secured funding from afrexim and are targeting 100,000 barrels per day. I no get their shares anymore since the Oando don cast saga. I no fit get hypertension

ololufemi:


Let me also chip in a few words. Early investors especially employees from Shell, ExxonMobil, Total Upstream, banks and many Investment or Asset Management Companies purchased Niger Delta Exploration Production PLC (now Aradel PLC) when its price was around NGN150 to NGN200 per unit. A lot of them sold on the floor of the NASD when the shares were split and listed on that platform.

What I have noticed is that the mega guys do not sell their shares, they mostly do cross deal to their SPVs, etc. As a matter of fact, they use such opportunities to purchase more shares not only because of capital appreciation but use those shares and dividends that accrue from them as collateral to collect flexible loans and mortgages at significantly discounted rates which reduces the amount of income tax they have to pay to the government (you don't pay taxes on loans).

If you check their personal income statements, most of their taxes are recorded based on VAT and transactions they do in the financial markets to which they sometimes get rebates on especially those ones linked to FGN bonds and Treasury Bills.

That is why many C Suite executives in top companies listed on the NGX receive the larger chunk of their remuneration through bonus shares of companies they work in. It could also apply to other employees at lower levels when such employees have met the vesting period of such organisations.

It is similar to what Oga Emma encourages us to do which he shares on this platform whenever he talks about taking loans using shares as collateral. One of the differences is that these guys get theirs at significantly discounted rates.

When you hear someone like Karl Toriola collecting over NGN400 Million as annual remuneration, you should note that a significant amount of that remuneration is given to him through shares in MTN (local and international) shares.

In addition to this, as long as companies continue to pay dividends, they will be within the investing zone captured by most non banking financial institutions such as open and closed pension fund s, insurance and asset management companies thereby creating investment outlets for some of these companies.

Na average Joe dey quick buy amd sell shares to meet personal needs. The wealthy dey use shares to collect loans or mortgages to reduce the taxes they pay to government. When those share prices increase significantly, they use the equity release option to get more cash in their hands to enable them reduce their obligations or increase their loans.

You made some excellent points — in fact, you packed in so much value that it took me quite a while to unpack everything. But, there's something that needs to be pointed out. No matter how well-connected you are, there should be a minimum baseline for interest rates on loans.

For example, the current treasury bill rate is around 19.3%. You technically can’t get loans below that rate, or else the government has effectively created a loophole for round-tripping: take a low-interest loan, buy T-bills, pocket the difference, and recycle the process.

Also, given the high interest rates in Nigeria, this strategy would only make sense if the borrowed funds are invested in value-creating assets. Otherwise, you'd be better off simply collecting dividends — assuming you’re not liquidating your stock assets. This approach isn’t ideal if the intent is consumption and avoiding associated tax, which you may have been implying.

Just my thoughts — feel free to correct me if I’m missing something.

ositadima1:


You made some excellent points — in fact, you packed in so much value that it took me quite a while to unpack everything. But, there's something that needs to be pointed out. No matter how well-connected you are, there should be a minimum baseline for interest rates on loans.

For example, the current treasury bill rate is around 19.3%. You technically can’t get loans below that rate, or else the government has effectively created a loophole for round-tripping: take a low-interest loan, buy T-bills, pocket the difference, and recycle the process.

Also, given the high interest rates in Nigeria, this strategy would only make sense if the borrowed funds are invested in value-creating assets. Otherwise, you'd be better off simply collecting dividends — assuming you’re not liquidating your stock assets. This approach isn’t ideal if the intent is consumption and avoiding associated tax, which you may have been implying.

Just my thoughts — feel free to correct me if I’m missing something.

Why do you think the billionaires in Nigeria are rushing to own a bank? For dividends?😂
They all get ridiculous interest rates on their loans!

Agbalowomeri:


Why do you think the billionaires in Nigeria are rushing to own a bank? For dividends?😂
They all get ridiculous interest rates on their loans!

So, banks lend below the MPR set by the CBN? Well, anything is possible — but that would reflect on their financials, because lending below the MPR would definitely lead to losses. Apart from criminal activities ooo.

These stocks are so high now.
The banking sector is doing great

On a serious note, publishing a paid letter in a national newspaper won't prompt NAICOM to take action. NAICOM's ineffectiveness is evident in the low insurance penetration in Nigeria, with about 95% of Nigerians lacking life insurance. My personal experience with SILA's income protection plan was frustrating. Despite visiting their HQ in Lekki, I was told to the Kano branch that sold me the product. I ended up abandoning the plan, losing out on N350,000 in contributions. To make matters worse, I wrote over 20 letters to NAICOM, but received no response. The insurance industry in Nigeria appears to be plagued by malpractices, and NAICOM's inability to regulate it effectively is concerning. It's suspicious that many NAICOM staff seem to have ties to the insurance industry.

Agbalowomeri:


You need to invite Mankind to write a letter

megawealth01:
Oando secures $375 million injection from Afreximbank and Mercuria, eyes 100,000 barrels per day 

https://nairametrics.com/2025/06/05/oando-secures-375-million-injection-from-afreximbank-and-mercuria-eyes-100000-barrels-per-day/

Food don land for haters

Almost doesn’t kill a bird!

If you believe the current stock prices are high, you might be hesitant to invest, potentially missing out on market opportunities while you hold onto cash or opt for fixed-income products. Meanwhile, I hope you were able to secure allocations in the recent bank rights and public offers.

moneymanager:
These stocks are so high now.
The banking sector is doing great

According to Cosmos Maduka, Chairman of Coscharis, in a video interview, bank directors are allowed to borrow at sub-prime rates. This raises interesting questions about the dynamics of insider lending and potential conflicts of interest in the banking industry.

ositadima1:


So, banks lend below the MPR set by the CBN? Well, anything is possible — but that would reflect on their financials, because lending below the MPR would definitely lead to losses. Apart from criminal activities ooo.

Sovrenins dividend

https://doclib.ngxgroup.com/Financial_NewsDocs/44242_SOVEREIGN_TRUST_INSURANCE_PLC-SOVEREIGN_TRUST_INSURANCE_PLC_CORPORATE_ANNOUNCEMENT_CORPORATE_ACTIONS_JUNE_2025.pdf
QD 05.09.2025
PD 25.09.2025

Why would it be personal? I hold shares in the company—it’s part of my portfolio. This is a forum for open discussion, and when someone presents a contrary view, the goal is to engage so we can get closer to something resembling the truth. Earlier this year, I had a similar disagreement with @emmaodet about Vitafoam, I’ve had discusssions and disagreements about Wapco and the buyout price, @heisnme about buying Bank stocks after recapitalization.
If we can’t have honest, open conversations, what’s the point of the forum?

I’ve even added multiple disclaimers in my posts about Oando previously because somehow, it’s only when that company comes up that everyone gets strangely sensitive

ositadima1:


If you don't agree, does that change the possibility of them digging out? Or are you the one who decides — is it really in your hands? You've made your point based on what you believe, which may or may not be flawed. It seems like this is getting personal for you.

This is turning into the kind of prediction that makes people hide their faces when they're finally wrong. Why go this far over something you have absolutely no control over?

Sunrisepebble:
I don’t agree with No.5. The liabilities on the balance sheet is not a joke

In as much as I have decided not to talk much again on the fate of oando since nobe my papa get the company. I will let Mr time decided. It looks you know the sector better than I do.And possibly I am missing the English on oando notification.

My question is the paid down of 2019 loan from #525 millions dollars to #100 million dollars. Does it not mean they paid back #425 million dollars.
If yes.Do you have idea how it was achieved in the last 5 yrs.
The liabilities left and the new one.Don't you think they can go the same route to achieve it even if it takes longer time.Dont forget that now production is expected to increase and efficiency improves in all cost. Is this not equally going to make it easier if oil price remains in good margin.
I just want to learn and understand here not for arguments sake

This is you here in of a similar point I had raised about the result, so idk why you’d think it’s personal now.
I’ve always pointed out the red flags in the stock but maintained that one can also make money it which too I have tried.
Anyways this is the last I will touch on Oando

ositadima1:
Sunrisepebble raised a very strong point—read his submission below—but none of the people who posted in Oando's defense cared to address it. I saw a lot of half-baked attempts, with some outright wishful thinking.

Oando gained over 300 billion from forex gains, which is not a constant, and spent over 200 billion on operating costs (excluding COGS), ending with about 60 billion in profit. (I'm quoting from memory, and you can my numbers.) His point is very valid: operating costs are high. Imagine if there had been no 300 billion windfall—the result would have been negative.

I expected reasonable defenses, such as an explanation that the high operating costs might be due to merger with NAOC and temporary or other factors. Instead, what I found here was very disappointing.




Let me list the various defenses presented here and highlight how nonsensical some of them are:



This person is busy calculating $50 per barrel but has completely ignored the costs and financing involved in lifting the barrels—totally childish.



This person is comparing two companies with different ordinary share structures, which is worse than wishful thinking. This is the same self acclaimed in-house prefect who is quick to call out derailers yet falls short themselves.



Another one failed to address the elephant in the room—what is the point of increasing revenue if costs are rising even faster?

At the very least, I expected someone to propose a partial solution to this concerning issue or simply deny that the problem exists.

Sunrisepebble:
This is you here in of a similar point I had raised about the result, so idk why you’d think it’s personal now.
I’ve always pointed out the red flags in the stock but maintained that one can also make money it which too I have tried.
Anyways this is the last I will touch on Oando

Pls based on last sentence here before the action. Do justice to my post up.
And if possible tell what you think should be the way forward at the present situation if you whr to be part of the management
Or what you would have them do differently at this present situation. I don't believe in closing shop oh.