Choiceguy:


Currentprice is missing in action,what is the bedsheet saying on Oando

Agbalowomeri:


Lol make Oando no woundjure bedsheet o

megawealth01:
What if Oando climbs to above #50 or go flat to below! #5

Like play like play

Agbalowomeri:


Lol make Oando no woundjure bedsheet o

megawealth01:


The only fears here na the delisting if not Oando suppose do well

mikeapollo:


You may be right, but only to some extent.
What banks/businesses invest in is the FUTURE, not necessarily the past.
A company may have a terrible past, but banks would give loans and invest in it if they are convinced of the future prospects. Most companies doing well today have had difficult pasts!
Oando has good prospects as an upstream company (sales and receivables in dollars), plus additional resources from the acquisition of ENI. Their shares would clock the N100s the moment they are able to stabilize paying their loans and dividends to shareholders

ProphetUtuocha:
Thrash! Rather than being a negative, it's inadvertently positive to Oando shareholders. Being close to the government in power is afterall a plus for us!

Locotrader:
With Mecure 4billion os, I don't think this result is bad.Market will still review the price upwards.The stock will still touch #6.50 to #7 but as a new company at NSE,I will set my entry at #4 to 4.50 if the opportunity calls.

OBAGADAFFI:


Be carefull with information from Jackson Ude

phadriz:
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.

phadriz:
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.

safepaulooo:
https://punchng.com/nb-seeks-shareholders-approval-for-acquisition/

phadriz:
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.

ositadima1:


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.

phadriz:
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:


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.

ositadima1:
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.

Choiceguy:
Currentprice is missing in action,what is the bedsheet saying on Oando

yMcy56:

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.

phadriz:
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.

phadriz:
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.

BabsO2:


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.

ositadima1:


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.

emmanuelewumi:



Are you sure PAT fell, the outstanding shares used to calculate the EPS was last year is different from the current one

emmanuelewumi:




I am not sure they want to exit Nigeria most of the Indian owned businesses of the Vaswanis, Aswanis, Chellaram and many orders have been operating in Nigeria for the past 80 years, most of them their 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

phadriz:
They may not exit truly, but there are reasons behind them not releasing stocks to the market in order to push the price upward.

cantiride2:
Mecure is likely to like some shares via IPO IN THE FUTURE.