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  #1041 (permalink)  
Old 28th March 2017, 07:38 PM
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Default Re: Forte Oil

Quote:
Originally Posted by baotoghile View Post
Recent price movement of FO is funny!!! Interestingly, the seller may be selling from a special account, which allows different brokers with permitted access to trade on it at the instruction of the account holder. This time, the seller may have a mission given his/her selling method and pricing...
1. Max N3.45
2. N2.5 with bonus of 1:5
3. N2 with bonus of 1:10
4. N2.75 no bonus.

How far?
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  #1042 (permalink)  
Old 29th March 2017, 07:11 AM
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Default Re: Forte Oil

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Originally Posted by Sean12010 View Post
1. Max N3.45
2. N2.5 with bonus of 1:5
3. N2 with bonus of 1:10
4. N2.75 no bonus.

How far?
Good follower. May ur good expectations see daylight!
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  #1043 (permalink)  
Old 13th April 2017, 07:22 PM
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Default Re: Forte Oil

http://www.nse.com.ng/Financial_News...APRIL_2017.pdf

Seemingly doing well without crude oil lifting contracts! That is improved efficiency!!!
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Last edited by baotoghile; 13th April 2017 at 07:26 PM.
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  #1044 (permalink)  
Old 14th April 2017, 02:22 AM
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Default Re: Forte Oil

Quote:
Originally Posted by baotoghile View Post
http://www.nse.com.ng/Financial_News...APRIL_2017.pdf

Seemingly doing well without crude oil lifting contracts! That is improved efficiency!!!
Is that EPS calculation , an error? From 51k at Q1-16, to 54k at Q1-17
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  #1045 (permalink)  
Old 14th April 2017, 02:36 AM
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Default Re: Forte Oil

Quote:
Originally Posted by aysok1 View Post
Is that EPS calculation , an error? From 51k at Q1-16, to 54k at Q1-17
No, there is nothing wrong with the EPs itself. About two third of the declared profit belong to minority interests. This is Nigerian abracadabra accounting where minorities's share of profit is about twice that of the owners of the company. Meanwhile, you look at the balance sheet and the only subsidiary that is not wholly owned is owned only 43 percent by minorities. I bet, that minority is Femi Otedola himself.
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  #1046 (permalink)  
Old 14th April 2017, 02:53 AM
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Default Re: Forte Oil

Quote:
Originally Posted by dupeodus View Post
No, there is nothing wrong with the EPs itself. About two third of the declared profit belong to minority interests. This is Nigerian abracadabra accounting where minorities's share of profit is about twice that of the owners of the company. Meanwhile, you look at the balance sheet and the only subsidiary that is not wholly owned is owned only 43 percent by minorities. I bet, that minority is Femi Otedola himself.
Thinking about this again, the declared results is mathematically feasible. One of the whole owned subsidiaries could have made huge losses that offsets the big profit coming from the non wholy owned subsidiary.
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