NewStats: 3,264,780 , 8,184,691 topics. Date: Thursday, 12 June 2025 at 11:09 AM 4u1q1h6382y |
Nigerian Stock Exchange Market Pick Alerts (13174345 Views)
HesInMe: 2:52am On Jun 07 |
Fair points, but I feel like they counterintuitively my concerns. If you think about it, Oando appears to be succeeding in getting asset-backed loans. But that doesn't mean the company itself is considered a reliable debtor. Lenders believe in the oil wells, not the company's vault. Does that make sense? mikeapollo: 2 Likes |
HesInMe: 2:55am On Jun 07 |
Great update, thanks. The one bank that has me scratching my head: GTCO. fashionnisir: |
mikeapollo: 6:28am On Jun 07 |
HesInMe:It is all part of the assessment of credit worthiness. It is the assets you have and what you can produce that will fill the vaults. The oil wells in Nigeria and Angola are more than enough to produce and fill the vaults but it will take some time. If Oando should be liquidated today and the assets are sold to settle all debts, the net worth of it's assets cannot be less than N500 per share. So it's intrinsic value is way above the current price. 5 Likes |
Sunrisepebble: 8:00am On Jun 07 |
What changed your mind? I honestly never saw ann issue. Yes it will be much lower EPS and with no FX booster too, earnings will be lower across board but most of these banks will raise their payout ratios, so dividend will be maintained or even increased and the efficient banks with high ROE’s like GT will make good use of the funds. HesInMe: 2 Likes |
SonofElElyonRet: 8:10am On Jun 07 |
Streetinvestor2:Usually when a company lists by introduction, price from first shoots up then falls.. will same scenario play out with dangote oil refinery and fertilizer? |
SonofElElyonRet: 8:15am On Jun 07 |
Raider76:Legend. This is the man whose first name should be "government" 1 Like |
SonofElElyonRet: 8:17am On Jun 07 |
Mpeace:The surprise next week obviously isn't listing.. let's wait and see what he's talking about. Perhaps he's going into petroleum products marketing (stations)? 1 Like |
GeneralDae: 8:23am On Jun 07 |
SonofElElyonRet:I guess so since he said it’s going to change the downstream sector. Or perhaps a new deal with NNPC to be their sole supplier again? |
Mpeace(m): 8:51am On Jun 07 |
SonofElElyonRet:Make he come buy eternal oil. Or is it totalenergies? I think it might have something to do with NSE cos he talked about SEC |
Princkez: 9:01am On Jun 07 |
Mankind2024:What's the rumour of possible acquisition all about....abi PRESCO or OKOMUOIL wants to aquire them? |
Princkez: 9:01am On Jun 07 |
Mpeace:or OANDO ![]() |
Mpeace(m): 9:17am On Jun 07 |
Princkez:Lol. Oando no dey downstream again |
Princkez: 9:19am On Jun 07 |
DANGOTE REFINERY and OANDO collaboration.....I'm just thinking ooo
2 Likes |
Agbalowomeri: 10:18am On Jun 07 |
GeneralDae: Or acquisition of NNPC ![]() 3 Likes |
Jats2k2002: 10:31am On Jun 07 |
GeneralDae: Exactly! |
Care4: 11:32am On Jun 07 |
EDUECO: Well, it's too early to berate MTNN for not paying dividend. |
Chuksido: 12:25pm On Jun 07 |
Good day everyone please i need some form of advice from the gurus, i have 2m and i want to plan towards my moms retirement! I want to buy 2m worth of nidf stock for her cause of the quarterly dividend yield and its low volatility, please is this sound enough and if yes, whats the best price to get it at, as it last traded 111.70 l
2 Likes |
GeneralDae: 1:44pm On Jun 07 |
SonofElElyonRet:Dangote has applied to list the Dangote petrochemicals. “Speaking on the impact of Dangote Petrochemicals’ listing, Kwairanga highlighted NGX’s commitment to facilitating growth and investment in Nigeria’s financial markets”. “Dangote Refinery has already applied for their petrochemical listing, and we are working to ensure their inclusion before the end of the second quarter,” Kwairanga stated. https://nairametrics.com/2025/06/07/dangote-petrochemicals-listing-on-ngx-to-strengthen-nigerias-stock-market-chairman-kwairanga/ 1 Like 1 Share |
SonofElElyonRet: 2:21pm On Jun 07 |
GeneralDae:Nice |
chimex38: 3:44pm On Jun 07 |
Agbalowomeri: ![]() |
chimex38: 4:04pm On Jun 07 |
megawealth01: 5:49pm On Jun 07 |
GeneralDae: We are watching closely |
Youngzedd(m): 6:35pm On Jun 07 |
Chuksido: Invest in FBNQuest Money Market Funds and leave stock alone. Select quarterly payout. 5 Likes |
SonofElElyonRet: 8:22pm On Jun 07 |
GeneralDae:That's June ending latest.. dangote said fertilizer will be listed first. Meaning we might have both fertilizer and refinery listed this month |
GeneralDae: 8:24pm On Jun 07 |
SonofElElyonRet:Hmm he also said before the end of the year (a tone that doesn’t show indication of urgency). Fingers crossed though. We dey here. 2 Likes |
Olaide1295: 9:51pm On Jun 07 |
SonofElElyonRet:I suspect it could be buying up MRS and some downstream businesses. That way, he controls his own distribution. But downstream is a thin margin business. Borrowing commercial papers at 20+% to enter downstream guarantees his output distribution but mehn…I hate that business. Also, I’d have thought he will want to focus more on upstream to ensure sweet crude supply (he applied for some licenses in Angola and started producing 15k barrels daily in Nigeria) 3 Likes |
moneymanager: 10:38pm On Jun 07 |
Youngzedd: Will you get more than 20% returns annually? ![]() ![]() |
SonofElElyonRet: 5:50am On Jun 08 |
Olaide1295:He just likes being self dependent 1 Like |
KarlTom: 7:30am On Jun 08 |
I think Alhaji wants to control the entire value chain of the Downstream sector. And you can be sure that he will indeed bring a revolution to the sector. He has the refinery. Now he needs to ensure adequate and steady supply so a lot of bottlenecks that makes the sector a 'thin margin' business will be eliminated. This could be another way to actually beat the importers at their game aside creating a seamless supply chain I only hope he succeeds... ![]() Olaide1295: |
unite4real: 8:47am On Jun 08 |
moneymanager: This is not guaranteed. The fact that today's rate is above 20% doesn't imply it will stay so for the 365 days in a year. The rates change on daily basis. Money market rate changes with MPR interest rate. If inflation goes down this rates will go down and vice versa. We have seen money market rates around 10% not so longer than 3 years ago. If anyone wants a guaranteed return, it's only the FGN bonds that will be the choice. 5 Likes |
moneymanager: 9:56am On Jun 08 |
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