735i:
I've missed the oando train

binaflexia:
I can't study financial statements properly yet. But if OANDO's result is not looking good, then while is it on a full bid with today's max price?
Can someone help with little summary of the result?

Rexceedo:
IMAGINE!! Please gurus should shade light on this- why is it so? Or are the pessimists MONKEY HUNTERS?

Primetech:
OANDO Q1 PAT N4.1bn... Dat's what the bid is about.

mercylicious:


So oando has returned to profitability.
Good news.

Primetech:
OANDO Q1 PAT N4.1bn... Dat's what the bid is about.

rebekah2011:


I do not know what people want. If your appetite for risk is big, go and buy but if you do not want to lose your shirt, trousers and underwears. Then comot face. The long road to profit is long for Oando. The issues in the account are huge Intangible assets 255b- definitely, these are assets acquired at massive goodwill, are these assets not yet impaired? The loans too are also massive and the company is not generating enough to repay back this quickly. But the management and the Directors are rewarding themselves generously.

Do not be sucked. It may rise today but when the dumping will start. Do not say you were not warned.

Born2berich:
The market reaction towards the stock was still not impressive. Dont get sucked in. #jokeoftheyear

Godisfaithful:
http://www.nse.com.ng/Financial_NewsDocs/14143_GUARANTY_TRUST_RETIREMENT_CORPORATE_ACTIONS_JULY_2016.pdf

http://www.nse.com.ng/Financial_NewsDocs/14138_FLOUR_MILLS_OF_NIG_LATE_FILING_AFS_CORPORATE_ACTIONS_JULY_2016.pdf

Coolcash1:


Thanks for this piece of info...As for me, i refuse to be deceived joining the bandwagon by putting my hard-earned money in Oando...Oando is a disaster in waiting...It might go under soon if...

locodemy:


This kind of statements always come from people whose fingers are well burnt by a particular stock.i guess oando has dealt with you guys........For me o.....i am enjoying oando because i entered at a right time.hurray! oando has returned to profitability and there is no going back........expect good half year result that will drive the stock above #10.

locodemy:


This kind of statements always come from people whose fingers are well burnt by a particular stock.i guess oando has dealt with you guys........For me o.....i am enjoying oando because i entered at a right time.hurray! oando has returned to profitability and there is no going back........expect good half year result that will drive the stock above #10.

godlyguy:
Don't rush into OANDO yet... Ensure to study the market for the next few days before making any decision... OANDO has lots of technicalities surrounding it. BE INFORMED!

THE BIG SMART GUY

godlyguy:
Don't rush into OANDO yet... Ensure to study the market for the next few days before making any decision... OANDO has lots of technicalities surrounding it. BE INFORMED!

THE BIG SMART GUY

Godisfaithful:
http://www.nse.com.ng/Financial_NewsDocs/14132_OANDO_PLC_PRESS_RELEASE_FY_RESULTS_CORPORATE_ACTIONS_JULY_2016.pdf

http://www.nse.com.ng/Financial_NewsDocs/14131_OANDO_PLC_PRESS_RELEASE_Q1_RESULTS_CORPORATE_ACTIONS_JULY_2016.pdf

ihedioramma:
If you are my smart Brother try and buy OANDO on monday befor 1pm but dont for get DD, one love .

Coolcash1:


I disagree with you..The cause of the bull on the stock is because investors didn't understand the results posted. The group q1 2016 Pat posted was occasioned by income from non-operating activity that is one off. Perhaps, they believe, judging by its sizer the company is too big to fail...Which is a pure deception...With a trade debt over N300b throwing its working capital into negative, creditors can file for winding up of the company to recover their money.. Essentially litigation threats of liquidation would be high and other drastic measures may as well be taken to get their money back...Before one plunge into the murky waters of oando, it's advisable it's done after q3 when it will be known whether it has returned to profitability or result was doctored to deceive gullible investors

Coolcash1:


I disagree with you..The cause of the bull on the stock is because investors didn't understand the results posted. The group q1 2016 Pat posted was occasioned by income from non-operating activity that is one off. Perhaps, they believe, judging by its sizer the company is too big to fail...Which is a pure deception...With a trade debt over N300b throwing its working capital into negative, creditors can file for winding up of the company to recover their money.. Essentially litigation threats of liquidation would be high and other drastic measures may as well be taken to get their money back...Before one plunge into the murky waters of oando, it's advisable it's done after q3 when it will be known whether it has returned to profitability or result was doctored to deceive gullible investors

davide470:
Oando secured c.N96bn loan from 10 banks..

A birdie also chipped that their Q1 would be in the green zone, but FY'15 red zone.

DD, always!