Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Petroleum, Gas & Oil Stocks

Petroleum, Gas & Oil Stocks TotalFinaElf, Mobil Oil, Texaco, Oando, Conoil, AP, Japaul Oil

Welcome to the StockMarketNigeria.com Forums.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #121 (permalink)  
Old 23rd April 2012, 06:28 AM
laso's Avatar
Rank: Senior Member
Points: 3,529, Level: 37
Points: 3,529, Level: 37 Points: 3,529, Level: 37 Points: 3,529, Level: 37
Activity: 11%
Activity: 11% Activity: 11% Activity: 11%
 
Join Date: Jan 2012
Posts: 510
Thanks: 1
Thanked 43 Times in 36 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
laso is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by goldsun View Post
tell us why you want to enter the stock
From my own analysis, i think d stock is cheap; trailing p/e of 6.6 and forward p/e of 5 based on d Q3 results. They have consistently paid dividend in d last eleven years except in 2007. D average dividend paid over d last 8 years is 2 wit a payout ratio of 50% in d last 3 yrs. Conoil has been reorganised under Adenuga & dey have been growing turnover & PAT in d last 3years. There Is no debt overhang. Conoil is sellin at 2yr low. 'But what do i know?'
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #122 (permalink)  
Old 23rd April 2012, 07:47 AM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
goldsun is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by laso View Post
From my own analysis, i think d stock is cheap; trailing p/e of 6.6 and forward p/e of 5 based on d Q3 results. They have consistently paid dividend in d last eleven years except in 2007. D average dividend paid over d last 8 years is 052 wit a payout ratio of 50% in d last 3 yrs. Conoil has been reorganised under Adenuga & dey have been growing turnover & PAT in d last 3years. There Is no debt overhang. Conoil is sellin at 2yr low. 'But what do i know?'
i have forward pe of 3.5, i don't agree with you that there is no dept they have other credit balance of 1.66billion and half a billion trade creditors and using the 2010 annual report they have high exposure to leverage with dept equity ratio of 1.7 which was thier lowest in three years but they do have the capacity to service the dept , return of equity is low when compared to total and mobil though adequate. Thier cashflow is not impressive, it has only being positive for two financial year there was a huge drop in operation cash flow from 2009 to 2010(25.6billion to 6.3billion) and if am to use what oga abraham thought it would drop further in the q3 result. Of concern is that adenuga owns 74% of the company while the other directors owns meagre amount
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #123 (permalink)  
Old 23rd April 2012, 08:48 AM
laso's Avatar
Rank: Senior Member
Points: 3,529, Level: 37
Points: 3,529, Level: 37 Points: 3,529, Level: 37 Points: 3,529, Level: 37
Activity: 11%
Activity: 11% Activity: 11% Activity: 11%
 
Join Date: Jan 2012
Posts: 510
Thanks: 1
Thanked 43 Times in 36 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
laso is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by goldsun View Post
i have forward pe of 3.5, i don't agree with you that there is no dept they have other credit balance of 1.66billion and half a billion trade creditors and using the 2010 annual report they have high exposure to leverage with dept equity ratio of 1.7 which was thier lowest in three years but they do have the capacity to service the dept , return of equity is low when compared to total and mobil though adequate. Thier cashflow is not impressive, it has only being positive for two financial year there was a huge drop in operation cash flow from 2009 to 2010(25.6billion to 6.3billion) and if am to use what oga abraham thought it would drop further in the q3 result. Of concern is that adenuga owns 74% of the company while the other directors owns meagre amount
Thank u my oga. I actually made a mistake wit d forward p.e, u ar spot on. By debt overhang what i mean is 'borrowing'. For ROE dat u compared wit dat of mobil & total,i cannot agree less but im also looking at d p/bv of conoil which 2 me is better. I must admit,i have not yet master dis cashflow problem and im looking 4 bks 2 read on d subject, recommendation wil b appreciated. Lastly do u think dey wil b able 2 pay a dividend of at least 2 dis year?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #124 (permalink)  
Old 23rd April 2012, 09:43 AM
Oracle's Avatar
Forum Moderator
Rank: Senior Member
Points: 27,409, Level: 98
Points: 27,409, Level: 98 Points: 27,409, Level: 98 Points: 27,409, Level: 98
Activity: 32%
Activity: 32% Activity: 32% Activity: 32%
 
Join Date: May 2010
Location: PH
Posts: 9,597
Thanks: 234
Thanked 373 Times in 321 Posts
Groans: 0
Groaned at 17 Times in 17 Posts
Rep Power: 14
Oracle is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by laso View Post
From my own analysis, i think d stock is cheap; trailing p/e of 6.6 and forward p/e of 5 based on d Q3 results. They have consistently paid dividend in d last eleven years except in 2007. D average dividend paid over d last 8 years is 2 wit a payout ratio of 50% in d last 3 yrs. Conoil has been reorganised under Adenuga & dey have been growing turnover & PAT in d last 3years. There Is no debt overhang. Conoil is sellin at 2yr low. 'But what do i know?'
(To the part in bold) Check number 9 on the list.

Subsidy FRAUD: Here Are Their Names And The Amounts They Took From Us Illegally
__________________
For every buyer there is a seller, and the future will prove one of them to have made a mistake.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #125 (permalink)  
Old 23rd April 2012, 09:53 AM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
goldsun is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by laso View Post
Thank u my oga. I actually made a mistake wit d forward p.e, u ar spot on. By debt overhang what i mean is 'borrowing'. For ROE dat u compared wit dat of mobil & total,i cannot agree less but im also looking at d p/bv of conoil which 2 me is better. I must admit,i have not yet master dis cashflow problem and im looking 4 bks 2 read on d subject, recommendation wil b appreciated. Lastly do u think dey wil b able 2 pay a dividend of at least 2 dis year?
oracle just brought in an issue you need to consider before any other thing. Fuel subsidy probe.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #126 (permalink)  
Old 23rd April 2012, 10:07 AM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
goldsun is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by Oracle View Post
but oando is not on this list. How is possible is it to recover this money
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #127 (permalink)  
Old 23rd April 2012, 10:17 AM
laso's Avatar
Rank: Senior Member
Points: 3,529, Level: 37
Points: 3,529, Level: 37 Points: 3,529, Level: 37 Points: 3,529, Level: 37
Activity: 11%
Activity: 11% Activity: 11% Activity: 11%
 
Join Date: Jan 2012
Posts: 510
Thanks: 1
Thanked 43 Times in 36 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
laso is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by Oracle View Post
thank u sir oracle, i have been following d issue very closely. The lists u mentioned here has so far been corrected,d official lists does not include conoil. Assuming dis lists is correct, 2 me it is a non issue bcos d premises on which dat recommendation is based is faulty. The committee did a bad job and in my own opinion ar looking 4 cheap popularity which dey ar already getting.They have opened d chapter one of d whole story,there is stil more chapters...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #128 (permalink)  
Old 23rd April 2012, 10:43 AM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
goldsun is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by laso View Post
thank u sir oracle, i have been following d issue very closely. The lists u mentioned here has so far been corrected,d official lists does not include conoil. Assuming dis lists is correct, 2 me it is a non issue bcos d premises on which dat recommendation is based is faulty. The committee did a bad job and in my own opinion ar looking 4 cheap popularity which dey ar already getting.They have opened d chapter one of d whole story,there is stil more chapters...
by the time you see the controversy dragging the stock to 5naira ( and fortunately or unfortunately you are in the molue) you would be able to tell better whether they did a bad job or not
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #129 (permalink)  
Old 23rd April 2012, 11:07 AM
Oracle's Avatar
Forum Moderator
Rank: Senior Member
Points: 27,409, Level: 98
Points: 27,409, Level: 98 Points: 27,409, Level: 98 Points: 27,409, Level: 98
Activity: 32%
Activity: 32% Activity: 32% Activity: 32%
 
Join Date: May 2010
Location: PH
Posts: 9,597
Thanks: 234
Thanked 373 Times in 321 Posts
Groans: 0
Groaned at 17 Times in 17 Posts
Rep Power: 14
Oracle is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by goldsun View Post
but oando is not on this list. How is possible is it to recover this money
Oando wasn't on the list since. I didn't see. This is the list of companies that would refund(after probing) and not those that were probed.

My brother, it's not just recovering the money but prosecting and jailing them the partakers. This is defrauding the country!
__________________
For every buyer there is a seller, and the future will prove one of them to have made a mistake.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #130 (permalink)  
Old 23rd April 2012, 12:37 PM
dr.abrahamb's Avatar
Rank: Senior Member
Points: 5,015, Level: 45
Points: 5,015, Level: 45 Points: 5,015, Level: 45 Points: 5,015, Level: 45
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2011
Posts: 833
Thanks: 67
Thanked 64 Times in 55 Posts
Groans: 0
Groaned at 3 Times in 3 Posts
Rep Power: 0
dr.abrahamb is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by goldsun View Post
i have forward pe of 3.5, i don't agree with you that there is no dept they have other credit balance of 1.66billion and half a billion trade creditors and using the 2010 annual report they have high exposure to leverage with dept equity ratio of 1.7 which was thier lowest in three years but they do have the capacity to service the dept , return of equity is low when compared to total and mobil though adequate. Thier cashflow is not impressive, it has only being positive for two financial year there was a huge drop in operation cash flow from 2009 to 2010(25.6billion to 6.3billion) and if am to use what oga abraham thought it would drop further in the q3 result. Of concern is that adenuga owns 74% of the company while the other directors owns meagre amount
...also add or subtract exceptional item or extra-ordinary loss for wetin you dey analyse so O.

When SLS started with banks, the general advice was steer clear. I believe the same advice applies here too for any listed oil company affected by this probe.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #131 (permalink)  
Old 23rd April 2012, 12:44 PM
Babs_O's Avatar
Rank: Senior Member
Points: 9,180, Level: 64
Points: 9,180, Level: 64 Points: 9,180, Level: 64 Points: 9,180, Level: 64
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Dec 2007
Location: Nigeria
Posts: 1,328
Thanks: 18
Thanked 18 Times in 14 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 8
Babs_O will become famous soon enough
Default Re: ConOil

I looked and looked and saw Oando was not on the list of those to refund subsidy payment wahala. Was happy. Though not yet uhuru as the reps are annoyed the report is in public domain even before they recieved it. Oando and not Conoil is on my own watch list to buy.
__________________
The standard of living of any society is based on the goods and services available therein. The result of business ventures. My prayer is for God's mercy to save us from the hands of Nigerians who come to leadership positions to set the country backwards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #132 (permalink)  
Old 23rd April 2012, 01:26 PM
nosa2's Avatar
Rank: Senior Member
Points: 40,226, Level: 100
Points: 40,226, Level: 100 Points: 40,226, Level: 100 Points: 40,226, Level: 100
Activity: 13%
Activity: 13% Activity: 13% Activity: 13%
 
Join Date: Oct 2008
Location: Lagos
Posts: 6,398
Thanks: 550
Thanked 249 Times in 223 Posts
Groans: 53
Groaned at 10 Times in 10 Posts
Blog Entries: 6
Rep Power: 13
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2 Send a message via Skype™ to nosa2
Default Re: ConOil

Quote:
Originally Posted by goldsun View Post
but oando is not on this list. How is possible is it to recover this money
I don't expect one kobo to be recovered. I'm not an expert on this but I don't think the national assembly has the power to enforce the collection of these monies, as usual the Nigerian public is quick to judge and condemn these companies but they've not had a chance to respond to the allegations and that response can only be done in a court of law.

In my opinion the risk involved in investing in this sector is currently high and should be avoided especially since the market is very very cheap thou I think ultimately the companies would be vindicated
__________________
visit www.globalnigerian.com for my thoughts and recommendations
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #133 (permalink)  
Old 23rd April 2012, 01:54 PM
laso's Avatar
Rank: Senior Member
Points: 3,529, Level: 37
Points: 3,529, Level: 37 Points: 3,529, Level: 37 Points: 3,529, Level: 37
Activity: 11%
Activity: 11% Activity: 11% Activity: 11%
 
Join Date: Jan 2012
Posts: 510
Thanks: 1
Thanked 43 Times in 36 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
laso is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by dr.abrahamb View Post
...also add or subtract exceptional item or extra-ordinary loss for wetin you dey analyse so O.

When SLS started with banks, the general advice was steer clear. I believe the same advice applies here too for any listed oil company affected by this probe.
Sir, ar u expecting dem 2 declare exceptional items or extra ordinary loss d oando style or based on d house of rep probe?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #134 (permalink)  
Old 23rd April 2012, 03:14 PM
dr.abrahamb's Avatar
Rank: Senior Member
Points: 5,015, Level: 45
Points: 5,015, Level: 45 Points: 5,015, Level: 45 Points: 5,015, Level: 45
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2011
Posts: 833
Thanks: 67
Thanked 64 Times in 55 Posts
Groans: 0
Groaned at 3 Times in 3 Posts
Rep Power: 0
dr.abrahamb is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by laso View Post
Sir, ar u expecting dem 2 declare exceptional items or extra ordinary loss d oando style or based on d house of rep probe?
Am basing it on the house of rep probe. How this thing may turn out, we do not know. When SLS started, it was like a joke. While some were shouting ''he can't do that'', savvy investors were jumping ship and getting saved.

I could have said tread carefully here, but what do I know?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #135 (permalink)  
Old 23rd April 2012, 03:29 PM
laso's Avatar
Rank: Senior Member
Points: 3,529, Level: 37
Points: 3,529, Level: 37 Points: 3,529, Level: 37 Points: 3,529, Level: 37
Activity: 11%
Activity: 11% Activity: 11% Activity: 11%
 
Join Date: Jan 2012
Posts: 510
Thanks: 1
Thanked 43 Times in 36 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
laso is on a distinguished road
Thumbs up Re: ConOil

Quote:
Originally Posted by dr.abrahamb View Post
Am basing it on the house of rep probe. How this thing may turn out, we do not know. When SLS started, it was like a joke. While some were shouting ''he can't do that'', savvy investors were jumping ship and getting saved.

I could have said tread carefully here, but what do I know?
Ok nauw, thank u very much.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #136 (permalink)  
Old 15th May 2012, 06:23 AM
Salida's Avatar
Rank: Senior Member
Points: 43,050, Level: 100
Points: 43,050, Level: 100 Points: 43,050, Level: 100 Points: 43,050, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Jul 2010
Posts: 17,939
Thanks: 285
Thanked 244 Times in 202 Posts
Groans: 0
Groaned at 4 Times in 4 Posts
Blog Entries: 1
Rep Power: 22
Salida is on a distinguished road
Default Re: ConOil

SON certifies Conoil lubricants for quality
__________________
The cheapest stock in an overvalued market may still be overvalued
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #137 (permalink)  
Old 20th May 2012, 08:56 AM
gbim's Avatar
Rank: Junior Member
Points: 4,286, Level: 41
Points: 4,286, Level: 41 Points: 4,286, Level: 41 Points: 4,286, Level: 41
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Jan 2009
Posts: 25
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
gbim is on a distinguished road
Default Re: ConOil

Any dividend 4 us nw,
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #138 (permalink)  
Old 20th May 2012, 09:05 AM
gbim's Avatar
Rank: Junior Member
Points: 4,286, Level: 41
Points: 4,286, Level: 41 Points: 4,286, Level: 41 Points: 4,286, Level: 41
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Jan 2009
Posts: 25
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
gbim is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by goldsun View Post
by the time you see the controversy dragging the stock to 5naira ( and fortunately or unfortunately you are in the molue) you would be able to tell better whether they did a bad job or not
what do u mean dat d share price will fall to 5 naira, are u saying dat conoil is not a good stock to invest in 4 nw
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #139 (permalink)  
Old 20th May 2012, 10:46 AM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
goldsun is on a distinguished road
Default Re: ConOil

Quote:
Originally Posted by gbim View Post
what do u mean dat d share price will fall to 5 naira, are u saying dat conoil is not a good stock to invest in 4 nw
i really do not mean anything other than the fuel subsidy controversy that is yet to end
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #140 (permalink)  
Old 20th May 2012, 01:22 PM
gbim's Avatar
Rank: Junior Member
Points: 4,286, Level: 41
Points: 4,286, Level: 41 Points: 4,286, Level: 41 Points: 4,286, Level: 41
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Jan 2009
Posts: 25
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
gbim is on a distinguished road
Default Re: ConOil

Any dividend payment 4 us nw, has payment been decleared 4 d year end dec 31 ,2011
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT +1. The time now is 12:59 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
StockMarketNigeria.comAd Management plugin by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37