kotlass: I have learnt to QUIET THE NOISE (in Richard Quest's voice). Some people's sentiments will make you miss opportunities or lose a fortune. Examine the numbers and make sense from it yourself. I just love the man I have become.

mpi210: The qualification date of the interim dividend far no be small.

They might throw in the rights issue before that date........

Sharp guys!!

omaojo1: Mpeace: I'm begining to understand myjoy08's believe in oando, and I now see some sense in the believe that they may post a very impressive result(whenever they decide to) and even pay dividends. I just did a personal analysis of the whole COP deal, and my conclusion is that the whole sum spent in the purchase would not reflect in the profit and loss analysis. They may only appear in the liabilities column, and almost every company on the exchange do have liabilities(large or small). For instance, the sum borrowed from several financial institutions by FO and Transcorp to finance their power sector acquisitions did not reflect as losses in their results. Although there are outstanding payments to be made on the COP deal, the proceeds of the acquired company's buisness may just be used to defray the outstanding sum while that of the rights issue would go to the settlement of liabilities to financial institutions. I also think that the delays in releasing the result and the whole hide and seek game are justa n attemt at making investors to sell in frustration, while WT and friends mop up and accumulate more shares. Just an opinion(I might be wrong).

omaojo1:

This post only shows how ignorant you are when it comes to understanding the basics of a Balance Sheet and Income Statement. Keep living in fantasy island.

Oma ya e lenu.

Mpeace: I'll just reserve my comment, as only time(and WT) will tell. It will look like magic to many.

Oga, I still stand by my earlier position irrespective of what you are shown in this market. There is always the true position and the position you outsiders are meant to see.

Where have you seen a coy with an EPS of 23kobo paying 30kobo.

Have you seen the qualification date for the 70kobo dividend? Expect the rights to come before that date.

Did you see the current liabilities (borrowing) of 188bn of Dec'13 that reduced to 175bn in June'14. What is the definition of current liabilities again pls?

I will say the same thing if I were in your shoes. But me I know the actual deal and will never be deluded.

This our market is just a joke.

Mpeace: It would not make sense for WT to throw in rights issue before that day because at that price, he will not raise much money. He will push the price so much that any right issue would yeild enough fund(mind you the purpose of right issues are for fund/capital raising) I suspect WT will release the Q3 result reflecting gains from COP, immediately after the qualification date so as to sustain a rise in the share price, prior to the rights issue. Note that the released result does not contain any gain from COP.

Dexterax:

My oga, this is also dynamic. Honestly.

Agbalowomeri:

Yes they bought premBREW

Dexterax:

Now you're one of the sharp guys too...

Aks: @Chibuking81, @Others - why don't you talk less on Oando matter since you don't have any stake in it anymore. It'll do you some good if you tow that line

myjoy08:

Sir, i don't think there will be any right because Oando and FO are in advanced stage of negotiations concerning the selling of Downstream Sector of Oando to FO. Expect some news so soon concerning the deal and how much FO will pay in cash and equities (In FO) if everything went well. So let's see how things unfold sha...(I might be wrong...)

mpi210:

Myjoy08, FO told the stock exchange clearly that discussions on the proposed acquisition (NOTE, they never mentioned oando) is still in its infancy

Dexterax:

My oga, please remember that a prophet only sees future things.

In this case for instance, that which was seen by FO as being in its INFANCY has been extrapolated to an ADVANCED stage of development.

mpi210:

Some of these extrapolations dey run belle o!

People on a forum like this can make investment decision based on this and the end of the day, the deal might not go through.

What if that downstream company happens to be Eterna?

myjoy08:

Sir, i don't think there will be any right because Oando and FO are in advanced stage of negotiations concerning the selling of Downstream Sector of Oando to FO. Expect some news so soon concerning the deal and how much FO will pay in cash and equities (In FO) if everything went well. So let's see how things unfold sha...(I might be wrong...)

UkwuAmu:
Like you are most times for the bolded . Nothing is conclusive yet and Aiteo is in the picture right now. Aiteo is bidding for upstream assets and are favoured to get one . You must realize that you have become a kind of cult figure for some people in this forum and they take what you say as gospel truth because we are incredulously gullible people . The same reason why a prophet will see Air malaysia airline crashing but not see his building collapse . I would advise you to slow down .

ayztech:

Oga your anthem don resurrect

mpi210:

You reach to hug for this wonderful post.

10 GBOSAs for you

Aks: @mpi210 - but you have google by your side even if you are not privy to the info. Btw- you can check this out http://businessdayonline.com/2014/09/forte-oil-aiteo-group-others-scramble-to-acquire-oandos-downstream-assets/#.VCGCQFekrxU

UkwuAmu:
Like you are most times for the bolded . Nothing is conclusive yet and Aiteo is in the picture right now. Aiteo is bidding for upstream assets and are favoured to get one . You must realize that you have become a kind of cult figure for some people in this forum and they take what you say as gospel truth because we are incredulously gullible people . The same reason why a prophet will see Air malaysia airline crashing but not see his building collapse . I would advise you to slow down .

omaojo1: Mpeace: I'm begining to understand myjoy08's believe in oando, and I now see some sense in the believe that they may post a very impressive result(whenever they decide to) and even pay dividends. I just did a personal analysis of the whole COP deal, and my conclusion is that the whole sum spent in the purchase would not reflect in the profit and loss analysis. They may only appear in the liabilities column, and almost every company on the exchange do have liabilities(large or small). For instance, the sum borrowed from several financial institutions by FO and Transcorp to finance their power sector acquisitions did not reflect as losses in their results. Although there are outstanding payments to be made on the COP deal, the proceeds of the acquired company's buisness may just be used to defray the outstanding sum while that of the rights issue would go to the settlement of liabilities to financial institutions. I also think that the delays in releasing the result and the whole hide and seek game are justa n attemt at making investors to sell in frustration, while WT and friends mop up and accumulate more shares. Just an opinion(I might be wrong).

omaojo1:

This post only shows how ignorant you are when it comes to understanding the basics of a Balance Sheet and Income Statement. Keep living in fantasy island.

Oma ya e lenu.

Mpeace: I'll just reserve my comment, as only time(and WT) will tell. It will look like magic to many.

Oga, I still stand by my earlier position irrespective of what you are shown in this market. There is always the true position and the position you outsiders are meant to see.

Where have you seen a coy with an EPS of 23kobo paying 30kobo.

Have you seen the qualification date for the 70kobo dividend? Expect the rights to come before that date.

Did you see the current liabilities (borrowing) of 188bn of Dec'13 that reduced to 175bn in June'14. What is the definition of current liabilities again pls?

I will say the same thing if I were in your shoes. But me I know the actual deal and will never be deluded.

This our market is just a joke.

UkwuAmu:
Like you are most times for the bolded . Nothing is conclusive yet and Aiteo is in the picture right now. Aiteo is bidding for upstream assets and are favoured to get one . You must realize that you have become a kind of cult figure for some people in this forum and they take what you say as gospel truth because we are incredulously gullible people . The same reason why a prophet will see Air malaysia airline crashing but not see his building collapse . I would advise you to slow down .

mpi210:

You reach to hug for this wonderful post.

10 GBOSAs for you

passwelle:
Yet again, I am surprised

Aks: @mpi210 - but you have google by your side even if you are not privy to the info. Btw- you can check this out http://businessdayonline.com/2014/09/forte-oil-aiteo-group-others-scramble-to-acquire-oandos-downstream-assets/#.VCGCQFekrxU

omaojo1:

Oga, all this media propaganda no go work.

Please don't fail to get today's Thisday, see page vii for aiteo's position. Amongst others, it stated that:

-The Aiteo Group did not bid nor has it indicated any interest to bid for the OandoPlc downstream assets.

-The Aiteo Group has no intent to purchase the said Oando downstream assets.

The situation as it is is that there is only one interested party and the outcome is still probabilistic for now.

Born2berich: @UkwuAmu, na you write all these long write up Wow.

You and immanuello should be competing for having the longest write up in this forum.

Oando wicked sha.

ifeykay:

You need not be surprised. Is simple, company that have retained profit in the past (reserve) can dip hand into that account and pay far more than their current year's EPS. This also happens when a company has determined that going forward the company is better positioned to generate more profit than in the past (sometimes new business).

omaojo1:

Oga, all this media propaganda no go work.

Please don't fail to get today's Thisday, see page vii for aiteo's position. Amongst others, it stated that:

-The Aiteo Group did not bid nor has it indicated any interest to bid for the OandoPlc downstream assets.

-The Aiteo Group has no intent to purchase the said Oando downstream assets.

The situation as it is is that there is only one interested party and the outcome is still probabilistic for now.