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Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:26am On Nov 18, 2023 |
Choiceguy: Lol make Oando no woundjure bedsheet o 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:23pm On Nov 18, 2023 |
Agbalowomeri: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:26pm On Nov 18, 2023 |
What if Oando climbs to above #50 or go flat to below! #5 Like play like play |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:22pm On Nov 18, 2023 |
megawealth01: 10 days to go for the next milestone on buy out process. Following which direction to <7 or +50 may be set. |
Re: Nigerian Stock Exchange Market Pick Alerts by Choiceguy: 1:59pm On Nov 18, 2023 |
Agbalowomeri: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by safepaulooo(m): 2:33pm On Nov 18, 2023 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 2:44pm On Nov 18, 2023 |
A company that can get loan approval of $800m without latest AFS, got court case withdrawal through govt will definitely buy it way to get kangaroo judgement to muscle out minority shareholders. megawealth01: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 2:49pm On Nov 18, 2023 |
Bank will use your last AFS and your current performance with assumptions to analyse the future projections, but in a situation where past performance is yet to be certify and such company got approval calls for questioning, such company can get all things to muscle out minority shareholders mikeapollo: |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 2:55pm On Nov 18, 2023 |
Using the word "thrash" is unnecessary, by the way you should also note that they can use govt power to push away minority shareholders. It has both pros and cons ProphetUtuocha: |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 3:02pm On Nov 18, 2023 |
The result is not impressive in my opinion because they did 2.6billion for full year of 2022 as a private company, I don't see them making 700m within 3 months to match 2022 performance. EPS fall from 1.3 to 0.5. Locotrader: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 3:22pm On Nov 18, 2023 |
I don't need to look at the messenger, but look at the message, analyse the elements of truth in it and also link it with public available information to guide my investment decision OBAGADAFFI: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 3:25pm On Nov 18, 2023 |
phadriz:Thats the fear. They can do anyhow and ask you to "go to court" and you know what that means. But if the reverse turns to be the case, then the shareholders go hammer. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 3:34pm On Nov 18, 2023 |
phadriz:I don't want to delist and I don't want minority shareholders to benefit from my current profitable outlook. So what do I do? Create uncertainty and Shake off as many minority shareholders as possible and accumulate as many more shares to myself. Could this be what is playing out in OANDO? If so, then someone should inform OANDO that they've got a good number of really tenacious shareholders who will hang on tight and risk this uncertainty to the end. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 3:44pm On Nov 18, 2023 |
safepaulooo:seem like a no-brainer.!!! Thanks fr this update.!. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 3:53pm On Nov 18, 2023 |
phadriz: Considering that the family holds over 96% of the company's shares, what could be the motivation behind listing the company that has been operating successfully since 2005? What is the underlying strategy? I hope it is not a covert tactic to partially withdraw from Nigeria at the expense of the public. For instance, the stock price could be pumped up, followed by a gradual sell-off of shares. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 4:08pm On Nov 18, 2023 |
Exactly, what am thinking, they move their shareholdings from 20k to 4 billion for listing purpose. They refused to sell to the market after listing and strategically inflating the price for them to exit at optimal price. They will recoup their investment and also hold substantial holdings while they keep managing the business and also pay themselves bogus emoluments at the expense of dividends to other shareholders. ositadima1: 2 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 4:27pm On Nov 18, 2023 |
phadriz:The street is rugged . I pity the newbies. If you know you are new to this game, please invest your money in stocks that are fundamentally sound. Take your time to check out at least 5 years record. Carry out your due diligence. As it is quick to make money in stocks, na so e quick to lose am . The street is RUGGED. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by sboga: 4:36pm On Nov 18, 2023 |
And once Nigerians have taken over their shares at desired price and the also the management everything go daba within 1-2 yrs allowing them buy back for kobos if dem still want. Me I Dey here for d oando matter solely the judge go surely be inside Wale’s back pocket. It’s the JSE listing that can save d day for minorities if at all. ositadima1: |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:47pm On Nov 18, 2023 |
ositadima1:@ the bolded. Exactly my thought too. Hope they've not come to milk Nigerians. No wonder it was convenient for the guys to corner the little 4% left for the public. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:59pm On Nov 18, 2023 |
Choiceguy:I don't think CP can put mouth for Oando matter.......and besides, the issue on ground don pass bedsheet matter. For those saying minority shareholders will be pocketed and all that........ there's one IF I've not seen from all this upandan on OANDO talk. Do we actually think BAT will be in support of Oando delisting? The president that's going around the globe wooing investors, coupled with the recent series of companies delisting from the Exchange, do we think the one he has direct control over (Cousin's company) will be allowed to just go like that? Isn't that a dent on his own image? Let's look at it from this angle as well. 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 6:21pm On Nov 18, 2023 |
With all due respect, MECURE is not for me and family again. Nothing good come from indians. See their prestige assurance and other companies under their control. To pay Nigerians salary dey even hard them. Runs on my feet 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:29pm On Nov 18, 2023 |
yMcy56: I thought of this angle too. He rang the NASDAQ bell calling for FPI' to come to NGX. Oando delisting plus all the other delistings will make a huge mockery of his wooing FPI and FDI investors. He will be in G20 next week in Germany on special invitation. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by chinonsobest: 8:35pm On Nov 18, 2023 |
phadriz: If they have the power to manipulate things as you stipulated, why did OANDO end up paying some shareholders millions as directed by SEC? Is only when you make a list of what OANDO stand to gain or lose if they delist. Then you will be able to overcome the fear of delisting. Even when Wale has given you expo that some of the agrieved minority shareholders has left but as humans, I understand the fear of unknown. But then you should ask your self if a bank was able to trust OANDO with $800m why can't I risk a million or two. Pls this is not an advise to buy OANDO as OANDO is not a game for boys but men. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:38pm On Nov 18, 2023 |
phadriz: Are you sure PAT fell, the outstanding shares used to calculate the EPS for last year is different from the current one |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 8:39pm On Nov 18, 2023 |
Entity concept: BAT is different from Wale Tinubu and Oando so it has nothing to do with wooing investors or NASDAQ Bell ringing. Oando would be the vehicle that will be used to siphon national assets so it need to go private at all cost in order to avoid public in scrutinising their dealings. They may increase the buy out price to compensate minority shareholders, but it will definitely go private. BabsO2: 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:45pm On Nov 18, 2023 |
ositadima1: I am not sure they want to exit Nigeria most of the Indian owned businesses of the Vaswanis, Aswanis, Chellaram and many others have been operating in Nigeria for the past 80 years, most of them their great grandfathers japaed to Nigeria over 100 years. I have aged parents who patronize them and I can tell you that the business and Investment opportunities in the health sector is enormous. Very difficult to see a Nigerian owned family business that will outlive their founders up to the third generation 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 8:56pm On Nov 18, 2023 |
The ordinary shares for 2022 is 4billion units which is the same for 2023. Please check page 26 & 27 of the listing memorandum. emmanuelewumi:
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Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 8:59pm On Nov 18, 2023 |
They may not exit truly, but there are reasons behind them not releasing stocks to the market in order to push the price upward. emmanuelewumi: |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:10pm On Nov 18, 2023 |
Behind every rumors. 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by cantiride2: 9:11pm On Nov 18, 2023 |
Mecure is likely to like some shares via IPO IN THE FUTURE. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:19pm On Nov 18, 2023 |
phadriz: If you read my post when it was listed, I said long term investors should wait, observe before they strike. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:20pm On Nov 18, 2023 |
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