OAO - Oando Plc

Mar 24, 2023 at 17:41 Twitter · Facebook

OAO share price on Johannesburg Stock Exchange

Oando Plc is one of Africa's largest integrated energy solutions provider that sells and distributes petroleum products through retail outlets, as well as constructs pipelines. The company, through its subsidiaries, engages in the exploration, production, supply, and distribution of oil and natural gas, as well as other petroleum products. Oando comprises several companies who are leaders in their respective markets including Oando Energy Resources, Oando Trading, and OVH Energy. Oando Energy Resources is the group's main vehicle for oil exploration and production activities. Oando is listed on the Nigerian Stock Exchange and Johannesburg Stock Exchange.

Headquartered in the Nigerian commercial capital Lagos but with a global customer base, Oando engages in having strategic investments in energy companies. The company operates through two primary segments: Exploration and Production, and Supply and Trading. The Exploration and Production segment is involved in the exploration for and production of oil and gas through the acquisition of rights in oil blocks on the Nigerian continental shelf and deep offshore. The Supply and Trading segment, on the other hand, engages in trading of refined and unrefined petroleum products. Oando has representative offices in UAE and the UK.

Oando Plc is listed on the Johannesburg Stock Exchange (JSE). Oando is traded on the JSE under the ticker symbol “OAO”. The International Securities Identification Number (ISIN) of JSE:OAO is NGOANDO00002. Oando Plc is currently the 224th most valuable stock on the JSE with a market capitalization of ZAR 1.49 billion, which is about 0.0072% of the Johannesburg Stock Exchange equity market.

OAO Stock Market Performance

The current share price of Oando Plc (OAO) is ZAR 0.12. OAO closed its last trading day (Tuesday, March 14, 2023) at 0.12 ZAR per share on the Johannesburg Stock Exchange (JSE). Oando began the year with a share price of 0.30 ZAR but has since lost 60% off that price valuation, ranking it 395th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that OAO has lost 37% of the stock’s value from February 23rd to date.

Oando is the 265th most traded stock on the Johannesburg Stock Exchange over the past three months (Dec 22, 2022 - Mar 24, 2023). OAO has traded a total volume of 1.1 million shares—in 58 deals—valued at ZAR 178,857 over the period, with an average of 17,437 traded shares per session. A volume high of 466,000 was achieved on January 26th for the same period. The table below details the last 10 trading days of activity of Oando on the Johannesburg Stock Exchange.

Profile of Oando Plc

Oando Plc was founded on August 25, 1969 and operates in the Oil & Gas sector, specifically, the Integrated Oil & Gas industry. Oando contracts an estimated total number of 137 employees. The company is led by Adewale J. Tinubu as its Group Chief Executive. The company's board of directors, chaired by HRM. Oba A. Gbadebo, is composed of 10 members whose names are listed below.

1. Gbadebo, Oba A. (HRM.)
   Chairman
2. Tinubu, Adewale J.
   Group Chief Executive
3. Boyo, O.
   Deputy Group Chief Executive
4. Adeyemo, Olufemi
   Group Chief Financial Officer
5. Osunsanya, B.
   Non-Executive Director
6. Akpata, Oghogho
   Non-Executive Director
7. Anthony, Sena (Chief)
   Non-Executive Director
8. Yakubu, Tanimu
   Non-Executive Director
9. Osakwe, Ike
   Non-Executive Director
10. Akinrele, Ademola
    Non-Executive Director

OAO Industrial Market Competitors

Oando Plc, issuers of the OAO stock on the Johannesburg Stock Exchange, have three market competitors who are also engaged in the Oil & Gas sector and/or Integrated Oil & Gas industry. The table below presents an overview of their market standing.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange