Shareholders of Oando Plc have been urged to take advantage of the current low price of the stock to increase their holdings in other to enjoy better returns in the very near future.

These were the contributions of the National Coordinator, Independent Shareholders of Nigeria (ISAN), Sir Sunny Nwosu and General Secretary, Coordinating Committee of Zonal Shareholders Association of Nigeria, Mrs. Oludewa Thorpe at the 35th Annual General of Oando held in Lagos at the weekend.

Oando Plc - an integrated energy firm, which once traded above N23 per share this year, has remained below N20 due to lull in the stock market. It stock closed at N14.69 last Friday.

Nwosu said the current price is an opportunity for shareholders to increase their holdings because of the growth potential given the huge investment the company is making in the three major sectors of the oil and gas industry.

“Apart from reducing the average cost for those who bought at high prices in the past, the new price also affords them opportunity for shareholders to own more shares and this will enable them to earn more benefits going forward,” he said.

Speaking in the same vein, Thorpe said from a mere petroleum products marketing, Oando has grown to become a major player in the down, mid and up streams segment of the industry.

“This is the time to buy because the future is bright. Buy now and reap more in the future,” Thorpe said.

Addressing the shareholders, the Group Managing Director/Chief Executive of Oando Plc, Mr. Wale Tinubu, said the company was making significant investments that would guarantee steady returns in the future.

He said some of the investments have already started yielding fruits that shareholders would soon benefit from.

According to the chairman of the company, Oba Aremu Adedotun, the strategy to lay more emphasis on the high margin upstream produced dividend with the sector contributing significant to profitability.

He said that the company remains well positioned for immense growth in 2012 as the kick off of key economic reforms is being awaited. “With our focus and strategy remaining as clear as ever, we are in prime position to surpass our past performance to the ultimate satisfaction of our esteemed shareholders” he said.

Sisi_Kill: When a company starts "urging" to buy their stock. . .it is time to SELL!!!

Just sayin'

Billyonaire: I wont buy into any company that I can not afford majority share holding. I got to influence Board decisions and put my management team.

DICKtator:

I wanted to say something significant in relation to ur NL name and ur comment, then I looked closer and saw that it wasn't Billionaire but "Billy- O'- Near"

Omexonomy: I have being in the stock market for a very long time. Such news is scary if the stock will apreciate (which has never being) why will they encourage people to buy it. I guess they have being trying to sell thier stock and no body is buying

DICKtator:

I wanted to say something significant in relation to ur NL name and ur comment, then I looked closer and saw that it wasn't Billionaire but "Billy- O'- Near"

EPOMA: you guys should remember Dangote, tinubu want to start offloading

Billyonaire: I wont buy into any company that I can not afford majority share holding. I got to influence Board decisions and put my management team.

feelamong: Damn!!! we have so many children in this forum!! I think the govt have got a lot to do with investment education.....Many people have not even analysed to know why the share price dropped to the present level and they are so quick to talk rubbish!!

In 2009, the share price of Flour ills plc dropped to N15...due to a write off of foreign exchange loss and today they are up there at N55. If only many people on this forum had invested then...just recently in January the share price of UBA dropped to N1.96 becos of a profit warning...many of us did not also buy and today the share price is N4.26k.....

If i were you, i will analyse why there is a drop in the price and stop talking balderdash here!! Many have not even cared to look at their last Half year result...oppurtunities like this dont come everyday....As for me, I have been loading up and come December I can be rest assured of at least 50% return when i start selling to mofos like you..

God bless you, ignorants claiming to be wise. i wonder if they ever know what the word "consult your financial adviser" means. with good analysis, people are still making a fortune out of the market. in addition to your list, just btw jan and now, GTB had moved up from 14naira to 17naira, cadbury from 9naira to 14 naira, transcurp from 55kobo to 1.20 naira, unilever from 28naira to 34naira, zenithbank from 12naira to 15naira and firstbank from 8naira to 12naira. do a good analysis of stocks that have good fundamentals that are undervalued and u'll make cool profit in the medium to long term.

feelamong: Damn!!! we have so many children in this forum!! I think the govt have got a lot to do with investment education.....Many people have not even analysed to know why the share price dropped to the present level and they are so quick to talk rubbish!!

In 2009, the share price of Flour ills plc dropped to N15...due to a write off of foreign exchange loss and today they are up there at N55. If only many people on this forum had invested then...just recently in January the share price of UBA dropped to N1.96 becos of a profit warning...many of us did not also buy and today the share price is N4.26k.....

If i were you, i will analyse why there is a drop in the price and stop talking balderdash here!! Many have not even cared to look at their last Half year result...oppurtunities like this dont come everyday....As for me, I have been loading up and come december I can be rest assured of at least 50% return when i start selling to mofos like you..