₦airaland Forum

Locotrader:
Pls classify in advance.
Penny stock or blue-chip stock?
Which sector?
200% at this time of the year?
I guess oando sha

phadriz:
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.

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.

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

Like play like play

Locotrader:
Our market chart has change oooo
Everything now is unusual.
Better remain inside the market and take place in potbelly stocks in case.

megawealth01:
I don hear

megawealth01:
WALE cleared the air during the AGM sha just that OANDO is a bad boi

megawealth01:
Evwrybody dey dulge head so we ain't quoted

mikeapollo:
You might be mistaken.
Oando is gradually taking strategic steps to overcome its present challenges. A successful loan deal plus operations from the ENI fields will definitely booster their results and see the price above N50, especially if they produce a fair performance for FY2023.

Oando should not delist, but rather make me a billionaire, biko!

mikeapollo:
It is good that the loan is from Africa EXIM bank and not from commercial banks.
This is good news for the company and will definitely help boost Oando's performance.
The only thing that remains is peaceful environment in the Niger Delta for smooth operations

megawealth01:
I doubt it sha... OANDO might not delist as planned and if they do it should be a WIN WIN situation for all until then...
If you want to build something just get a good unit of OANDO just Incase WALE becomes a nice guy

OANDO is a gamble

mikeapollo:
That N7 offer price for Oando will never succeed! I am ready to fight a one man battle or war on that.
I am suspecting the least price would be the N16.50 that was achieved a few weeks ago (according to SEC rules) or a higher price if the price moves up in future before the relevant AGM to discuss the delisting.
If the shareholders reject the delisting and the company is able to weather the storm and remains afloat, a lot of people who bought at N4-N5 would make huge profits.

Shalom428:
KPMG forecasts inflation to hit 30% by December . 20% on long dated bonds by the end of the year is very much possible.

The government needs to make Naira attractive, that's one of the short term solutions to the dollars problems.

Interesting days ahead for smart investors.

BHG:
FCMB is currently 6.90 (7.81%) . What's going on

essentialone:
Oando is set to raise their price from 7.07 to 14.14

Rubyjade:
By Prof. Ndubuisi Ekekwe:

It is raining Naira in some headquarters in Nigeria, over the last 9 months to Sept 2023. Pre-tax profits*:

Zenith Bank: N505 billion

UBA: N502.1 billion

GTBank’s GTCO: N433.2 billion

Dangote Cement: N404.9 billion

Access Bank’s Access Holdings: N294.4 billion

First Bank’s FBNH: N270.3 billion

MTN Nigeria: N232.5 billion.

UBA remains the most geographical diversified banking institution in Nigeria and the results are showing the power of that playbook. Indeed, operating in about 20 African countries with shops in Dubai, New York, Paris and London, UBA has a good spot. Zenith Bank has used scale to become the leader. Of course, though it is no more the rainmaker, GTBank* continues to mint money.

For banks, 2023 is the best year yet. Do not expect these numbers in 2024; the FX gains will calibrate out by then. Of course, these numbers are relatively small, but considering the size of Nigeria's economy, the banks are adequately capturing value - and that is why investors are cheering.

*Nairametrics data

dapix:
What is going on with Fidelity bank? Is it preparation for their right issue, that is pushing the price up?

Tpharell:
A lot happening with Oando this morning. Almost 10 million units in 15 minutes…

unite4real:
Share purchases is a moving bus. Not everyone jumped in at the listed price. Some jumped in along the way. Everyone has their own entry price and break even.

The narration I gave was actually real event on the the sugar investor.

A Stock might be on N30 15 years ago and today it's N10 doesn't mean all investors have suffered losses. It's only the investor who held everything from peak to low that should lament.

I bought GTB years ago at N35. Today it's around N35. But I have also bought at lows and currently average down and I am on almost 70% profit apart from the dividends.

I believe it's also about strategy and not to rule out luck

emmanuelewumi:
Looking at inflation and currency devaluation in the last 15 years most investors have underperformed.

It is even worse with penny and dead stocks that have lost 80% of their stock price in the last 15 years and have not been able to pay dividends for 5 years and above

emmanuelewumi:
From CSCS price history record, Dangote Sugar was listed on 8th May 2007 at N18.00, the price closed at N18.90k.


Check the stock performance from when it was listed 16 years ago till date.

Hedgefunds:
IF YOU HAD TO BUY AND HOLD JUST 1 STOCK FOR THE NEXT 5 YEARS, WHAT WOULD IT BE?

Ojoboak:
Management response to the bolded will determine the market direction any moment from now. Though it is cautiously trading.

Tpharell:
Praise singing and arse licking galore. Where are the people who bought Oando at N50 back in the day to put the board on its toes and sweat a little?

Princkez:
on full bid...OANDO

BabsO2:
Oando AGM is on Monday 06-Nov-2023

Will the AGM release bears or bulls ?