₦airaland Forum

emmanuelewumi:
They cashed out big time, in fact Alhaji was ready to buy the company back from Tiger for less than what they paid him

emmanuelewumi:
Be careful when insiders become monkey hunters, with the purported growth potential of the business they ought to be buyers

Do you know the number of United Capital staff who got loan from UCap consumer finance to buy the company's stock at N12 and below. I know because I have been getting loan from them for the past 3 years

ndept:
Thanks for the above. These are the ways through which we scrutinize stocks and not by abusing and rubbishing the views of others.

On Ellah lakes issue, someone promised here sometime ago to visit their farm and report back to us and we are still waiting on that report. But in my own views, the palm oil business is not a business that yields returns in the first 5 years, in fact, an average palm tree reaches its peak of fruition from 8 years and above. Therefore, if Ellah Lakes is really into palm oil production like Presco and okomu oil, it will take Ellah lakes at least 5 years to start reaping the gains of palm oil business. That is also depending on when they actually planted the palm trees.

NB: I previously own about 70 acres palm tree plantation and personally bought the palm fruit from Okomu oil in Benin in 2015, planted it in 2016 and sold the plantation in 2023 due to security concern. Therefore, I know exactly what I am talking about.

megawealth01:
Na ELLAHLAKES be the next analysis

crownprince2017:
I'm not surprised by a man that act like a double mouth surd who once said jaiz bank was a glorified microfinance bank and change his mouth when the reality is about to be done on him that all his praised bank will be bloated above the numbers he once criticized.
I wondered what your investing values are, suddenly you are ok with the potential bloated figures of your praised bank just because you are in the train..

As per ellahlakes old results, when you talk negative talk positives too, you will not die being objective.

Many people in that train knows the reasons they are their so no panic....

We are praying for it to come less than 3 to load up...

The money in the balance sheet is enough to go round if the company liquidated today, so why the panic if you know what you are doing...

megawealth01:
VAWULENCE is that you? My hand no dey oooooo

ololufemi:
This egbon called Jubril and all these his deft and creative moves dey give people headache o! Na real wah! Why didn't the company release the information before getting a suspension from the NGX?

Their action looks like they tried to dissuade people from accessing the stock and garner interest into whatever they have to release to the public. 🤔

It also looks like the bew baby, Oando Clean Energy Limited will take advantage of those CNG buses the Federal and State Governments want to purchase in 2025. 🤔

KarlTom:
We could talk about DIV from FY24 but definitely not FY23...

megawealth01:
You just wan argue ba? So he said he will pay dividends from 2023 financials ba?

mikeapollo:
You want Oando to pay dividend with negative shareholders fund/equity?
I would advise that you focus on Oando for price gain; dividends may take some time. But if it happens, good.

megawealth01:
He didn't promise dividend but promised a turnaround SOON without mentioning WHEN

BabsO2:
This is a very very very good sign
It's the review of the materiality of the new acquisition that causing the auditors to need more time.

So the CFO is okay. It's the complexity of additional acquisition that needs to be factored in that caused the delays plus the auditors needing extra time to assess the materiality of this additional information before concluding the audit opinion. Great

Hopefully the Oando rally will resume first week of November.

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/42408_OANDO_PLC-OANDO__PRESS_RELEASE__CORPORATE_ACTIONS_OCTOBER_2024.pdf

yMcy56:
UBA
Closed @30.10!
Nice job by the MM
..

megawealth01:
Let there be no vawulence na

Which one be corporate wizkids? Just call them by their names

phadriz:
I know, just for those who will gain from it ni.
Intercompanies is the middleman for major shareholders to cheat other stakeholders

emmanuelewumi:
You no suppose to dey give unsolicited counsel. Experience is the best teacher

megawealth01:
You GERRIT. He should just step one side

emmanuelewumi:
The purchase of Unipetrol was an anomaly. He is one of the billionaires created by Obasanjo. Used to work with late Chief FRA William law chamber and was on the desk that handle oil and gas contracts and law.

The company which he promoted was less than 10% of Unipetrol, reason why the purchase was highly leveraged and they went on asset stripping when they took over the company.

The company was the least among those that bidded for FGN shares in the company

phadriz:
Dey play!

CFO report in manner that the CEO & the board want it to be.

Any company that has so many intercompany transactions is a fraudulent company.

ghm:
If this is true, for the company to get to the next level, then it is time for him to become the Chairman and hire a CEO that will take the company further and make Energy money for him and the other shareholders.

Sunrisepebble:
Those not in Presco already, I think this alongside naira depreciation are good signals for stellar Q3 and FY results.

https://www.malaymail.com/amp/news/money/2024/10/25/malaysias-palm-oil-surge-whats-driving-prices-to-biggest-highs-since-2022/154752

DYOR

Agbalowomeri:
But foreign reserve is foreign reserve. Obligations no join for the matter. Even the US is in a large negative. Let them keep building the foreign reserve. At least, it is a positive in one direction

megawealth01:
Make I give you my usual emoji

Founder nko foundee ni

But on a more serious note he can still be Wale without being actively involved in Oando stuff. Come to the West many founders of companies allow them to run without unnecessary influences...

Wale is a badt boi

emmanuelewumi:
Go back to history.

Unipetrol is older than Wale

phadriz:
Don't mind CBN Governor with his misleading information, he was asked Net-foreign reserve, he couldn't give the information. They said they will work on it and disclose it Q1 2025. I know the net will be negative figure. How can you be declaring assets and ignore the obligations?

megawealth01:
Wale should just step down

ghm:
Truth be told, OANDO needs to sit up, a listed company with over N 1T market capitalization should not be having these type air about defaulting in scheduled reporting around them. We are talking about a multinational, highly capitalised company in one of the most established sectors in the world.

The management should start by firing the CFO and replace him with a professional who is ready for world/best-in-class standards.

mikeapollo:
It is a fact that there has never been a single oil and gas upstream company in Nigeria's history which commands the quantum of oil and gas reserves that Oando has acquired, that has been declared bankrupt or liquidated because it was no longer a going concern!
Oando is having cashflow problems, but they have assets that are worth more than their total liabilities! How quick they are able to generate the necessary liquidity to settle their liabilities is the challenge here!

emmanuelewumi:
Referring to Dangote Sugar that made a loss but released their result, compared to Oando that might have made a loss and didn't not release the result.

10 months after 2023 result is not out, 6 month 2024 is not out.

emmanuelewumi:
Because they are not Monkey Hunting.

It appears some people are paid Monkey Hunters, so that people with privilege information can easily sell at a premium.

Reason why old favourable news are being recycled

yMcy56:
GTCO @53!

The banks seems to be looking up...


Make Una rest from OANDO discussion small.....😁
Once results are released, the suspension will be lifted....
If results are good, it will come back stronger, so I Blvd.
Those that rushed to buy yesterday may know something, we don't know the reason for their actions.