UkwuAmu: The day anybody can quantify how to calculate investor's sentiment, the person might just become the biggest new hit in the stock Market . Oando has come out with the result finally and the forum is alive. I can see a lot of flip flopping and everybody is quick to interpret the result depending on what side the person is .
The truth of the matter is a lot of people do not know what they are getting their hands into . Upstream investing is very different from downstream. There is no short term in Upstream , its capital intensive, short term in upstream is like 10 years . I would like people in this forum to educate themselves on this so that they fully appreciate what they are getting into. For you to succeed in upstream, you must have Good management, Good corporate governance, transparency, accountability and above all meticulous planning . One major incident can take the company to the cleaners ( does anybody remember the BP Spillage of the gulf of mexico? ) The company lost close to 100 Billions dollars YES 100 Billion.
Now Oando is venturing into upstream, they need a lot of cash from what we can see from the financial statement yet they are giving away cash in form of dividends. We also hear they might also do a right sales to raise capital . Is everything going okay here? I have heard a lot of people here saying owners of the company are doing their best to crash the price so that they can mop up. Would not paying dividends be the best way to crash the price . If you are sure of what you are doing, all you need do is to assure shareholders that you are at transitioning phase and some projects going forward will require a lot of capital. Tell them you wont be able to pay dividends now but in like 3 years from now, you will take the company to a new level .
What we are seeing is a company who is more interested in the price of the stock rather than the plan for the company by trying to buy investor's favour by paying dividend from money that they need and in turn will get the money back from the rights sales .
From experience, any company that is more interested in the price of the stock rather than a good plan for the company has no interest of the shareholders .
Like I mentioned earlier there are certain qualities that are required from companies going into upstream. I think Oando management has got everything figured out . If things do not go the way they plan, there will be only one loser -The Shareholders
I will be watching this company with very keen interest and the Nigerian in me really wish they do well . Am I confident ? Not the antecedent they have shown . A Leopard does not change its skin overnight . Will people make money ? Yes if you are insider and knows what is going on . Should I invest in oando or not - my answer - SIDDON LOOK. if you hammer i celebrate with you at Mama Ejiro
There are a lot of other companies out there that you do not have to be waking up 10 times at night to see if there is any update on Oando.
People can keep deceiving themselves to think they have a strong mind by saying investing in Oando is not for the faint-hearted . I wonder how many of those invested in Oando do not get palpitations from time to time with their oando investment . The new one being cooked now is their third quarter result which will reflect he COP will blow out the exchange. We dey watch. Good luck to all

mpi210:

Oando can't be looking for money to develop the assets they bought from COP and be paying dividends. The journey they just embarked on is CAPITAL INTENSIVE and we're talking MILLIONS OF DOLLARS.

UkwuAmu:
Now Oando is venturing into upstream, they need a lot of cash from what we can see from the financial statement yet they are giving away cash in form of dividends. We also hear they might also do a right sales to raise capital . Is everything going okay here?

Dexterax:

A couple of days ago, I mentioned something about the "dudes at BusinessDay" on SMN which was wittingly re-echoed here.

You know, it's bad enough that you report complete bullshiiit about what's going down in the financial markets, then you decide to also charge for the bullshiiit?

Like seriously?

omaojo1:

Bros, them don borrow that rights money since July. What they want to do now is to get the money and repay the lenders(that is what they are telling the lenders for now). It is actually a convertible debt they issued.

I think they'll take the rights money and use it to meet other needs and leave those guys with no option but to convert. By the time all this transactions settle eh, OS in issue go near 20billion.

Last bullet: no one will be talking down a coy without reason. Forget emotion and ur bias and add 2 to 2 and see if you can get 22. Indirect interest is over 500million and he is here spewing all this against himself.

Dexterax:

Once a debt has been qualified as "convertible", more than 6 times out of 10, you can be sure that option will be exercised.

Dexterax: A couple of days ago, I mentioned something about the "dudes at BusinessDay" on SMN which was wittingly re-echoed here. You know, it's bad enough that you report complete bullshiiit about what's going down in the financial markets, then you decide to also charge for the bullshiiit?

passwelle: Those Proshare dudes, wonder when they want us to start buying Afriprud

stokfrick: the problem i have with most peeps in ds foum is that if thhey r not in a particular hot bus and others r, they must find a way to water it down.

stokfrick: the problem i have with most peeps in ds foum is that if they r not in a particular hot bus and others r, they must find a way to water it down. that is how it happened in FO and today they r licking their wounds for not boardind dat bus. that is how dey analyse heaven and earth on smn, then if them analyse finish d market go do him mind. then them go begin dey reanalyse again from under!
i want u to always rember that dis is NSE and that most of the times, d realities in d market becomes no respecter of our views here. so chilax!

omaojo1:
Last bullet: no one will be talking down a coy without reason. Forget emotion and ur bias and add 2 to 2 and see if you can get 22. Indirect interest is over 500million units and he is here spewing all this against himself.

passwelle:
I take it Oando is the bus? hahaha

passwelle: Access bank rights issue price is NGN8.90 per share. Will be surprised if the stock price doesn't drop below that the week the suspension is lifted.
Oh, and the rights issue wont be underwritten.
http://www.proshareng.com/news/24477.html

stokfrick: the problem i have with most peeps in ds foum is that if they r not in a particular hot bus and others r, they must find a way to water it down. that is how it happened in FO and today they r licking their wounds for not boardind dat bus. that is how dey analyse heaven and earth on smn, then if them analyse finish d market go do him mind. then them go begin dey reanalyse again from under!
i want u to always rember that dis is NSE and that most of the times, d realities in d market becomes no respecter of our views here. so chilax!

Dexterax:

Dude mehn. How can I lick a non-existent wound please?

If I never owned a hypothetical asset but you and your friends decide to bid up the price (with you buying high) and your friends dump the shiitbag on you, who'd really be wounded?

Smh.

omaojo1:

If Alibaba cannot become a Microsoft or Wal-Mart, I will regret it for the rest of my life - Jack Ma

The ticker name on the NYSE is 'BABA', this is history in the making.

stokfrick: the problem i have with most peeps in ds foum is that if they r not in a particular hot bus and others r, they must find a way to water it down. that is how it happened in FO and today they r licking their wounds for not boardind dat bus. that is how dey analyse heaven and earth on smn, then if them analyse finish d market go do him mind. then them go begin dey reanalyse again from under!
i want u to always rember that dis is NSE and that most of the times, d realities in d market becomes no respecter of our views here. so chilax!

stokfrick:

dude- only those who feel guilty of my post will take it personal

mpi210:

Come, you must be Oracle from SMN....

feelamong: Oga passwelle....so ur people for Access bank don release the Rights issue talk o!
Rights issue at N8.90k I dey wish una well!!