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  #121 (permalink)  
Old 21st October 2011, 01:48 AM
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Default Re: Okomu Oil

Okomu Oil Palm Company Plc: Board Meeting

October 20, 2011

The Company has notified The Exchange that a meeting is scheduled for its Board on Wednesday, October 26, 2011, to approve amongst other things, the draft of its audited half year accounts as at June 30, 2011.

Also, interim dividend might be recommended for payment at the meeting.
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  #122 (permalink)  
Old 21st October 2011, 01:54 AM
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Default Re: Okomu Oil

Quote:
Originally Posted by Salida View Post
Okomu Oil Palm Company Plc: Board Meeting

October 20, 2011

The Company has notified The Exchange that a meeting is scheduled for its Board on Wednesday, October 26, 2011, to approve amongst other things, the draft of its audited half year accounts as at June 30, 2011.

Also, interim dividend might be recommended for payment at the meeting.
I think I'll be a shareholder for this meeting
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  #123 (permalink)  
Old 21st October 2011, 09:20 AM
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Default Re: Okomu Oil

Quote:
Originally Posted by nosa2 View Post
I think I'll be a shareholder for this meeting
We go share the dividend oooo
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  #124 (permalink)  
Old 21st October 2011, 10:04 AM
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Default Re: Okomu Oil

Quote:
Originally Posted by wanaj0 View Post
We go share the dividend oooo

Make dem wait till Full Year 2011 results are released or the dividend should apply to all those who held their shares till 30/06/2011.
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  #125 (permalink)  
Old 27th October 2011, 06:11 AM
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Default Re: Okomu Oil

From my tradoforecasting arena, I should smile by 2moro when i get a bonus of 1-4-2+.50k. Abi?
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  #126 (permalink)  
Old 2nd November 2011, 03:35 PM
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Default Re: Okomu Oil

OKOMU OIL PLAM CO. PLC
November 2, 2011
Unaudited Q3 (Sept.) 2011
Profit and Loss Information
Turnover 30/09/2011 N8.017b 30/09/2010 N6.087b Cost of Sales 11 (N2.087b) 10 (N2.299b) Operating Expenses 11 (N1.824b) 10 (N1.756b) Interest Income 11 N13.126m 10 N6.796m Interest Payable 11 (N19.913m) 10 (N66.935m) Profit Before Tax 11 N4.098b 10 N1.971b Taxation 11 (N309.174m) 10 (N341.806m) Profit After Tax 11 N3.789b N1.629b
Balance Sheet Information
Fixed Assets 30-09-11 N6.684b 31-12-10 N6.415b Long term Investments 11 Nil 10 Nil Stocks 11 N1.376b 10 N998.123m Trade Debtors 11 N328.358m 10 N195.186m Cash and Bank Balances 11 N2.754b 10 N544.891m Other Debit Balances 11 N74.154m 10 N514.506m Trade Creditors 11 N135.486m 10 N214.903m Short Term Borrowings 11 Nil 10 Nil Other Credit Balances 11 N2.381b 10 N2.586b Working Capital 11 N3.157b 10 N1.421b Net Assets 11 N8.701b 10 N5.866b
INT. DIV=100K; CD=28/11/11; PD=19/12/11
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  #127 (permalink)  
Old 2nd November 2011, 07:49 PM
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Default Re: Okomu Oil

Quote:
Originally Posted by solo66 View Post
OKOMU OIL PLAM CO. PLC
November 2, 2011
Unaudited Q3 (Sept.) 2011
Profit and Loss Information
Turnover 30/09/2011 N8.017b 30/09/2010 N6.087b
Cost of Sales 11 (N2.087b) 10 (N2.299b)
Operating Expenses 11 (N1.824b) 10 (N1.756b)
Interest Income 11 N13.126m 10 N6.796m
Interest Payable 11 (N19.913m) 10 (N66.935m)
Profit Before Tax 11 N4.098b 10 N1.971b
Taxation 11 (N309.174m) 10 (N341.806m)
Profit After Tax 11 N3.789b N1.629b

Balance Sheet Information
Fixed Assets 30-09-11 N6.684b 31-12-10 N6.415b
Long term Investments 11 Nil 10 Nil
Stocks 11 N1.376b 10 N998.123m
Trade Debtors 11 N328.358m 10 N195.186m
Cash and Bank Balances 11 N2.754b 10 N544.891m
Other Debit Balances 11 N74.154m 10 N514.506m
Trade Creditors 11 N135.486m 10 N214.903m
Short Term Borrowings 11 Nil 10 Nil
Other Credit Balances 11 N2.381b 10 N2.586b
Working Capital 11 N3.157b 10 N1.421b
Net Assets 11 N8.701b 10 N5.866b

INT. DIV=100K;
CD=28/11/11;
PD=19/12/11
With eps of about N8 and a pe of 2.44x, is this company now into the growth of papaver?

Anyway, another dividend in the kitty.
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  #128 (permalink)  
Old 2nd November 2011, 08:26 PM
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Default Re: Okomu Oil

Quote:
Originally Posted by solo66 View Post
OKOMU OIL PLAM CO. PLC
November 2, 2011
Unaudited Q3 (Sept.) 2011
Profit and Loss Information
Turnover 30/09/2011 N8.017b 30/09/2010 N6.087b Cost of Sales 11 (N2.087b) 10 (N2.299b) Operating Expenses 11 (N1.824b) 10 (N1.756b) Interest Income 11 N13.126m 10 N6.796m Interest Payable 11 (N19.913m) 10 (N66.935m) Profit Before Tax 11 N4.098b 10 N1.971b Taxation 11 (N309.174m) 10 (N341.806m) Profit After Tax 11 N3.789b N1.629b
Balance Sheet Information
Fixed Assets 30-09-11 N6.684b 31-12-10 N6.415b Long term Investments 11 Nil 10 Nil Stocks 11 N1.376b 10 N998.123m Trade Debtors 11 N328.358m 10 N195.186m Cash and Bank Balances 11 N2.754b 10 N544.891m Other Debit Balances 11 N74.154m 10 N514.506m Trade Creditors 11 N135.486m 10 N214.903m Short Term Borrowings 11 Nil 10 Nil Other Credit Balances 11 N2.381b 10 N2.586b Working Capital 11 N3.157b 10 N1.421b Net Assets 11 N8.701b 10 N5.866b
INT. DIV=100K; CD=28/11/11; PD=19/12/11
As usual with these companies, seems there is a drop in Q3 PAT compared with the previous quarters.
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  #129 (permalink)  
Old 20th January 2012, 12:37 AM
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Default Re: Okomu Oil

Price of palm oil is currently down 21% from same time last year and the price of rubber is also down 31% over the same period. Seems like Okomu's Q1 result would not be so exciting.
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  #130 (permalink)  
Old 20th January 2012, 06:43 AM
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Default Re: Okomu Oil

Quote:
Originally Posted by nosa2 View Post
Price of palm oil is currently down 21% from same time last year and the price of rubber is also down 31% over the same period. Seems like Okomu's Q1 result would not be so exciting.
Please what does Okomu do with the palm produce it gets? Export the bunch? Or Export the kernels? or Export the palm oil? or Process the palm produce within to get palm oil and sell locally? Is human consumption their major earnings or they sell to firms for use in making soap and other things?

Do you have any idea?
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  #131 (permalink)  
Old 20th January 2012, 07:21 AM
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Default Re: Okomu Oil

Quote:
Originally Posted by Oracle View Post
Please what does Okomu do with the palm produce it gets? Export the bunch? Or Export the kernels? or Export the palm oil? or Process the palm produce within to get palm oil and sell locally? Is human consumption their major earnings or they sell to firms for use in making soap and other things?

Do you have any idea?
little information here. http://investing.businessweek.com/re...er=OKOMUOIL:NL

Last edited by goldsun; 20th January 2012 at 07:53 AM.
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  #132 (permalink)  
Old 20th January 2012, 07:29 AM
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Default Re: Okomu Oil

Quote:
Originally Posted by goldsun View Post
Nothing showed.
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  #133 (permalink)  
Old 20th January 2012, 07:56 AM
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Default Re: Okomu Oil

recheck it
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  #134 (permalink)  
Old 20th January 2012, 08:13 AM
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Default Re: Okomu Oil

Quote:
Originally Posted by Oracle View Post
Please what does Okomu do with the palm produce it gets? Export the bunch? Or Export the kernels? or Export the palm oil? or Process the palm produce within to get palm oil and sell locally? Is human consumption their major earnings or they sell to firms for use in making soap and other things?

Do you have any idea?
Quote:
Originally Posted by goldsun View Post
Quote:
Originally Posted by Oracle View Post
Nothing showed.
Sir Oracle, you can get some answers via the products section of their website(Products and Production - OKOMU OIL PALM COMPANY PLC)
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  #135 (permalink)  
Old 16th March 2012, 01:21 PM
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Default Re: Okomu Oil

Okomu just shocked the Exchange to pieces... N4 final dividend. Add this to the N1 interim and you get a dividend yield that is off the roof top...
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  #136 (permalink)  
Old 16th March 2012, 01:54 PM
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Default Re: Okomu Oil

Quote:
Originally Posted by horlads View Post
Okomu just shocked the Exchange to pieces... N4 final dividend. Add this to the N1 interim and you get a dividend yield that is off the roof top...
Do you have details of the result. That is very good for we the shareholders.

I pray Oando will also pay at least N3.OO dividend.
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  #137 (permalink)  
Old 16th March 2012, 01:54 PM
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Default Re: Okomu Oil

2011 2010
N'm N'm %
Turnover 11,121.00 6,087.00 82.70%
Cost of Sales 4,267.00 2,258.00 88.97%
Gross Profit 6,854.00 3,829.00 79.00%
Distribution & Admin 2,323.00 1,920.00 20.99%
Other Income 153.95 129.42 18.96%
Interest Charges 25.97 66.94 61.21%
Profit before tax 4,658.00 1,971.00 136.33%
Taxation 734.68 341.81 114.94%
Profit after tax 3,923.00 1,629.00 140.82%
EPS 8.17 3.39 140.82%

Balance Sheet
Fixed Assets 7,044.00 6,415.00 9.81%
Stocks 1,159.00 998.12 16.12%
Trade Debtors 103.35 197.20 47.59%
Cash & Bank Balances 2,864.00 544.90 425.60%
Other debit balances 878.66 540.57 62.54%
Trade Creditors 161.24 214.90 24.97%
Other creditors 3,053.00 3,294.00 7.32%
Working capital 3,458.00 1,273.00 171.64%
Net Assets 8,836.00 5,866.00 50.63%

Corporate Action
Final Dividend 400kobo per share (Interim of 100k paid earlier)
Closure Date 15th 18th May 2012
AGM 13th June 2012
Payment date 25th June 2012
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  #138 (permalink)  
Old 16th March 2012, 02:06 PM
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Default Re: Okomu Oil

Quote:
Originally Posted by BigSeun View Post

Corporate Action
Final Dividend 400kobo per share (Interim of 100k paid earlier)
Closure Date 15th – 18th May 2012
AGM 13th June 2012
Payment date 25th June 2012
Fantastic. Well worth the wait for 2years. One down. Where is my calculator?
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  #139 (permalink)  
Old 16th March 2012, 02:32 PM
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Default Re: Okomu Oil

Quote:
Originally Posted by BigSeun View Post
Corporate Action
Final Dividend 400kobo per share (Interim of 100k paid earlier)
Closure Date 15th 18th May 2012
AGM 13th June 2012
Payment date 25th June 2012
Dividend yield of 22%
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  #140 (permalink)  
Old 16th March 2012, 02:39 PM
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Default Re: Okomu Oil

Quote:
Originally Posted by BigSeun View Post
2011 2010
N'm N'm %
Turnover 11,121.00 6,087.00 82.70%
Cost of Sales 4,267.00 2,258.00 88.97%
Gross Profit 6,854.00 3,829.00 79.00%
Distribution & Admin 2,323.00 1,920.00 20.99%
Other Income 153.95 129.42 18.96%
Interest Charges 25.97 66.94 61.21%
Profit before tax 4,658.00 1,971.00 136.33%
Taxation 734.68 341.81 114.94%
Profit after tax 3,923.00 1,629.00 140.82%
EPS 8.17 3.39 140.82%

Balance Sheet
Fixed Assets 7,044.00 6,415.00 9.81%
Stocks 1,159.00 998.12 16.12%
Trade Debtors 103.35 197.20 47.59%
Cash & Bank Balances 2,864.00 544.90 425.60%
Other debit balances 878.66 540.57 62.54%
Trade Creditors 161.24 214.90 24.97%
Other creditors 3,053.00 3,294.00 7.32%
Working capital 3,458.00 1,273.00 171.64%
Net Assets 8,836.00 5,866.00 50.63%

Corporate Action
Final Dividend 400kobo per share (Interim of 100k paid earlier)
Closure Date 15th 18th May 2012
AGM 13th June 2012
Payment date 25th June 2012
Not too bad for a company that is in the Agricultural sector of the economy. How i wish government will encourage farmers and investors in the agricultural sector, so that we would not rely on oil alone. Agriculture is the still the largest employer of labour in the country, but the problem is that most farmers lack the managerial skills that is needed to turn their businesses into profitable ventures. Other companies like Chi, Fumman etc should be encouraged to be listed on the stock exchange.
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