5. NIGERINS declares N627.4million PAT in '13 Audited result

6. CONTINSURE declares N606.8million PAT in Q1 '14 result

Good news. Watch out for insurance stocks, these guys are coming up!

7. FCMB breaks key support line, may fall to N4.00 on sustained sell trend

We are waiting! The last time I checked, 3.10 was the support level sha, anyway, we are waiting!

8. Fidelity Bank: Tug of war between bulls and bears

Oga, make it snappy, and show signs of where you are going, we await a swift response/action from you. Though me think, it will go bullish soon.

9. Is the Zenith Bank heading for a pause ?

I think this stock will still go up a bit more o, before nose-diving.

10. Higher Coal Utilisation Driving Efficiency Gains at Lafarge Ashaka Cement

11. Lafarge gets shareholders’ nod on business combination

Cool, the effect on Ashaka will be minimal, but the public will be able to access happenings in Ashaka after the combination, which is a cool one.

13. ARM to launch $250m infrastructure fund

Choi! too much money, pension money!

Dexterax: http://tribune.com.ng/news/news-headlines/item/10231-oml-29-sale-reps-name-7-member-panel-to-probe-shell

The same OML 29 Transcorpians are gunning for

OMG!!!

Dexterax:

Courtesy P&.......

Bros, all the above no go work. Try harder .

#TrancorpN10

passwelle:




Bros, all the above no go work. Try harder .

#TrancorpN10

No mind dexterax. Na now im wan use style shook head inside this bus but Uboma don lock the door tight and right now we are heading to N8 junction before we pick them up.

coldFLARES1: my oga, most times lawyers get me lost but I would need to confirm if my below understanding of the statement is correct:
1. OER is the vehicle through which the assets of COP is being acquired.
2. By this loan-to-equity conversion, the stakes of Oando in OER has increased from approx 92% to approx 93.7%.
3. An assumption of subsisting and offered Warrants would raise Oando's ownership to approx 95.5% whereas there is a ceiling pegged at 94.6%.
4. This deal is applied retroactively for a bail-out offered in Feb 2014.

1. Not an SPV, a full-fledged company, but yes its through OER that the acquisition is happening.

2. Correct.

3. Correct.

4. First it wasn't a bail-out. Second the loan-to-equity conversion news doesn't state that this is happening retroactively... so I can't say yes or no

coldFLARES1:
Question is:
1. Would it be safe to assume the OER is yet to source for the full amount for which the COP acquisition is valued? Such that a dilution is envisaged so as to make Oando own the max 94.6% it is allowed to own.
2. If the answer to question (1) above is NO, wherein can we rationalize the need for a Rights issue.

1. Unsafe, this is a dangerous assumption bruv.

2. The Rights Issue is for working capital requirements needed for running the nascent upstream operations.

coldFLARES1: my oga, most times lawyers get me lost but I would need to confirm if my below understanding of the statement is correct:
1. OER is the vehicle through which the assets of COP is being acquired.
2. By this loan-to-equity conversion, the stakes of Oando in OER has increased from approx 92% to approx 93.7%.
3. An assumption of subsisting and offered Warrants would raise Oando's ownership to approx 95.5% whereas there is a ceiling pegged at 94.6%.
4. This deal is applied retroactively for a bail-out offered in Feb 2014.

This is very good for shareholders, yearly interest payments will reduce, there will be increase in Net profit after tax, a big plus for shareholders.

Dexterax:

1. Unsafe, this is a dangerous assumption bruv.

2. The Rights Issue is for working capital requirements needed for running the nascent upstream operations.

Thanks boss!

Dexterax:

1. Unsafe, this is a dangerous assumption bruv.

2. The Rights Issue is for working capital requirements needed for running the nascent upstream operations.

@bolded, seriously? Anyway, it all depends, just that those guys are too smart, i fear them o.

Ok....?

nitrogen:

@bolded, seriously? Don't think so.

Emmm, @nitrogen, if by now, the money wasn't on the table, you think Diezzani would've granted consent?

How does one trade contracts on the new Nigerian Commodities Exchange (NCX), trading five commodities : cocoa, cashew, soybeans, sorghum and maize? Anyone with trading guidelines or a link please...

Transcorp is currently 5.83. Oando will be on bid soon...FO on the way to 280-300 naira.

Dexterax:

Emmm, @nitrogen, if by now, the money wasn't on the table, you think Diezzani would've granted consent?

Of course propositions will get you to a very good level in many cases, a company with an above par history with cool propositions will get away with many things.

By the way, the woman was pressured to do the needful, believe me, those guys were really desperate (like they had their lives on the deal, no going back), un-audited quarters' results weren't that fantastic, wrapping up the deal would actually help them to restate the results of the coy and present it in a good light. Aside all that, bad result(s) all the way.....

Smart people rule the planet earth!

Don't quote me!

nitrogen:

The woman was pressured to do the needful, believe me, it would be delicate for her well-being if she had not signed that thing. Those guys were really desperate (like they had their lives on the deal, no going back), unaudited quarter results weren't that fantastic, wrapping the deal would actually help them to restate the results of the coy and present it in a good light. Aside all that, bad result(s) all the way.....

Smart people rule the planet earth!

Don't quote me!

You sef don turn insider for the honourable minister's office ba?

dsonofmaan:



You sef don turn insider for the honourable minister's office ba?

No sir, just something glaring, there for all to see. Good one for Oando!

myjoy08: Transcorp is currently 5.83. Oando will be on bid soon...FO on the way to 280-300 naira.

FO like to cross N300 price. Not a buy or sell recommendation.

nitrogen:

Of course propositions will get you to a very good level in many cases, a company with an above par history with cool propositions will get away with many things.

By the way, the woman was pressured to do the needful, believe me, those guys were really desperate (like they had their lives on the deal, no going back), un-audited quarters' results weren't that fantastic, wrapping up the deal would actually help them to restate the results of the coy and present it in a good light. Aside all that, bad result(s) all the way.....

Smart people rule the planet earth!

Don't quote me!

I think you need to read what ministerial consent is all about. Google it and read it

nitrogen:

No sir, just something glaring, there for all to see. Good one for Oando!

We've heard worse. From bad results to political conspiracies as to why Oando will fail. Can't even start lavishing my time to start posting a defence on here.

dsonofmaan:



We've heard worse. From bad results to political conspiracies as to why Oando will fail. Can't even start lavishing my time to start posting a defence on here.

Of course, no need, we are all here to make money, so why bothering ourselves? abegi

bigass:
I think you need to read what ministerial consent is all about. Google it and read it

Oh bigass, are you telling me to go back to school?

nitrogen:

Of course, no need, we are all here to make money, so why bothering ourselves? abegi

I hope Oando falls a bit so u can enter the bus. I know you lustly fully desire to.

dsonofmaan:



I hope Oando falls a bit so u can enter the bus. I know you lustly fully desire to.

I swear!

nitrogen:

Oh bigass, are you telling me to go back to school?

depends on how u see it. My point is enough of this Oando postulations. Most people bad mouth Oando to bring the price down. The woman was pressured yet it took almost 2yrs to get the consent

dsonofmaan:



I hope Oando falls a bit so u can enter the bus. I know you lustly fully desire to.

sir, don't expect Oando to fall based on the way you desire. Oando might be on bid soon...it might be in few hours. Transcorp already trading at 5.90. Do your due diligence.

myjoy08: Transcorp is currently 5.83. Oando will be on bid soon...FO on the way to 280-300 naira.

Transcorp moving up to N6. Where are the haters? lol

myjoy08:

sir, don't expect Oando to fall based on the way you desire. Oando might be on bid soon...it might be in few hours. Transcorp already trading at 5.90. Do your due diligence.

My oga, whether Oando falls or not, i'm solid.If it falls, i buy more, if it embarks on a new rally, i'm good to go. Just trying to help my broda Nitrogen out.

bigass:
depends on how u see it. My point is enough of this Oando postulations. Most people bad mouth Oando to bring the price down.

Believe me, Oando will get to #60, it is the truth, if you are a long term investor/that patient, you should hold Oando, no matter what. The real price is #60 and above.

Dexterax: Ok....?

Mod informed.

nitrogen:

Believe me, Oando will get to #60, it is the truth, if you are a long term investor/that patient, you should hold Oando, no matter what. The real price is #60 and above.

Still waiting at my junction.

Born2beRich1:

Still waiting at my junction.

Awon eleyi don sign oooo!

Oga Nitrogen, don't shift the bar o, Oando is going to N100 on long term, nothing less. We are waiting!

nitrogen:

Believe me, Oando will get to #60, it is the truth, if you are a long term investor/that patient, you should hold Oando, no matter what. The real price is #60 and above.

uboma:

Transcorp moving up to N6. Where are the haters? lol