For oando shareholders...a private placement will be held today for a special investor to raise about N30bn of which some of the money will be used as oando ensures they complete the acquisation of COP..check oando thread on smn for more details..i believe this is good news as oando is likely to complete the acquisation before time..lets watch as things unfold..

bigx: I placed a small order just now on meritrade and received a Buy contract 4 minutes later. Are trades now instant? Anyone else experienced this.

IMO Maybe because more people are selling the stock than people buying making it readily available at the moment..curently about 11M units have just been traded..

xynerise:
As a husband, what would you do when your wife offends you? You marry another wife?

So this statement/allegation makes the OP wife the man of the house?..Do you know that people( both men and women inclusive) can make silly mistakes because they cant handle their emotions...Because the OP here cant handle his emotion in the right manner the woman automatically becomes the man of the house...i would advise you talk sense to the OP on the issue of taking another wife than supporting sides.

xynerise:

Please explain how the wife is the man of the house in this situation like you said earlier?

xynerise: You want to take another wife because your wife is taking your position as the man of the house? Mr. Man you should be ashamed of yourself. Since you have found out, what you need to do is to find stop her from having access to your business account until you both find solution to her extravagant spending.

How is the wife taking the OP position as the man of the house i hope you didnt write this to get likes from the female folks here on nairaland..BTW the OP stated it clearly that he is the one that opened the shop for the wife but isnt happy with the way it is being run financially by giving the money meant for the business to her family members without his consent..and if she continues like this it will affect their present family financially at the moment..anyways i dont support the OP taking another wife..

Never marry someone who will bring all her family burdens on your shoulders except you have the financial capacity to handle them all...OP all i can say is pele..it is well...BTW dont think of marrying another wife becos of this...Look for a solution instead of compounding your woes.

Nigeria Stock Exchange:

1. FG secures N15.36tn investment commitment

2. FG directs power firms to resume metering scheme

3. TRANSCORP, FO & WEMABANK are likely NSE-30 Incoming as Exchange Reviews Composition of Market Indice

4. NSE delists Poly Products shares

5. NSE ASI extends two-day losing streak; records -0.03% marginal loss

6. First Bank upgrades online banking platform to curb rising fraud

7. Ecobank capital raises $500m pre-export facility for Orion Oil

8. FG stops AMCON from raising bonds


Source: @proshare

Good Morning Fellow Investment Nairalanders..

Hope our investment portfolio is green as usual..

The main issue i am writing is to share my experience with the house because I experienced something terrible this morning and i have decided to share it with everyone..

On my way to the office there was a terrible traffic as early as 6am..After been fed up with traffic, i decided to take a short cut through a residential area. Suddenly, i noticed that a large crowd gathered on the road thereby obstructing movement of vechicles..

I decided to alight from the vechicle to know what was causing the pandemonium, behold, there was a grown man, fully stripped naked and beaten to pulp laying on the ground with both hands tied...

Initially i thought he must be an armed robber to be beaten black and blue but my guts prompted me to inquire what really transpired..I decided to find out what happened, Lo and Behold, the culprit was a CHILD RAPIST.. He was actually caught in the act of raping a girl of 5years in the wee hours of the morning..To add insult upon injuring, the victim (young female child) is the child of the rapist's friend..Meaning the culprit raped his friend's 5year old daughter.

I was so saddened by the news i almost developed fever..Immediately remembered that another man was caught raping a 9 year old girl some few weeks ago..It is Lugubrious and saddening to hear or see a young child's future been torn apart..

I decided to share this information with my friends both physical and online (Nairaland) who are parents and aspiring parents to always monitor the movement of their children..Trust no one( apart from your spouse), because even your so-called friend now can become your worst nightmare..The paedophilic spirit of yerima( urge to have sex with under aged females) is on rampage and it is advisable as parents to guide and monitor your children always in order to protect them from mental trauma and psycological breakdown..Our children is our future and if we dont fight and protect them, who will?

I decided to share this with the house to enable us be alert and watchful..Sorry if this bothered anyone but i couldnt help hold my feelings..May God help us with the wisdom and knowledge to direct our children to the right path..Amen.

Enjoy and Happy Investing.

emmanuel ewumi:


Why must you tell us that you are a member of Apostolic Faith? This smells like a scam. For your information, my father is Pastor in that Church.

The guy is telling us he is a member of Apostolic Faith church to gain trust/symphaty/special treatment, meanwhile he might be a scammer...Since most Nigerians are gullible when it involves religion, these sect of individuals try to use such means to defraud people..

Anybody that comes to meet you with a business proposal and he is saying that ' i am a pastor, reverend, decon etc' or he mentions his church to gain special treament, i will advise you better run away from such people for most of them have no genuine service to render..Majority of them are scammers.

So-brit:

oga wetin dey happen or is expected with royalex? Abeg tell me make i know whether i go load more to me techere units o

Bros nothing spectacular in royalex, i just decided to buy due to speculations and sentiments towards this stock in preparation for the next bull..my candid advise, no put plenty money here o..infact, na the usual 2,000 units i buy.

jamace: Follow your mind . Don't follow me o.

i never buy am na..yesterday was my last purchase order for this year...na xmas mode i dey nw make my madam and children flex this period..

mercylicious:

Wetin u see for royalex? Lol at cn I and jamace, atleaset I was able to port dt one on a loss. But ftn ccocoa na anoda thing. U can't even port even at 50k. Those were the mistakes I made when I started, I no fit make dt kain mistake again. Liquidity is very key in investing, u may see d price rising but no buyers. That is exactly wat is happening to investors of forte oil. Always consider the vol traded daily for over a time b4 u enta, else invest small money there so dt u can easily port.

well i wont say for forte oil...people like mallam and prophet utocha of smn bought it and were able to sell after making gains..for royalex na speculation towards the bull made me bid small unit for it but i just contact my broker nw e never buy am...all these brokers sef dey make me tire..

stockbull: costain is in problem.c and i leasing is getting stronger on the bourse

whenever i see c and i leasing..i always remember oga jamace and madam mercy...anyhow, when i get extra cash i fit board this bus for long term.

stockbull: first bank is closing green 2moro
royalex is another watch

I just made a small bid for royalex yesterday hoping to enter the bus while the ticket is still cheap..

mercylicious: Am heavy wit ubcap, but I bought most of my stcoks for 2014, so I get confused wether to sell or not when the price appreciates. What if I sell and it does not fall below my selling price again.
Ela, stock. 9free, b2br and all the experienced oga at d top, who do you deal with dt?

Na Oga 9Free and Oga Elai suppose tell you whether to Hold or sell as na dem dey front seat for UBcap bus..As i was planning to buy UBCap on monday next wk e come dey run now..

Nigerian Stock Exchange:

1. PZ records marginal growth in operating expenses; CORDROS recommends SELL

2. AFRIPRUD hits record high since its listing, gains +36.11% in 8wks

3. Nigerian Stocks close southwards as market oscillates

4. Oando Partners RMB, Stanbic IBTC on N28bn Office Project

5. Naira Rises To N171 Per Dollar As Banks Halt Sale Of Forex

6. Nelson Mandela, South Africa’s Liberator as Prisoner and President, Dies at 95

7. COSTAIN: Change of Company Secretary


Source: @proshare

mercylicious:

Umu igbo huru ego na anya nke ukwuuu!

Transcorp- forward march
Eterna - 200m race.
Vitafoam- ....

My portfolio is heading northwards whie asi is heading southward.
Na like dis e suppose be.

E be like say this dec no go follow trend, a lot of ppl dey wait make prices fall, I no sure say e go fall ooo.
Thank God say I don position since.
If u wan enta banking sector, consider Uba.

E bi like say the petrol for eternal don dey finish small small..But madam mercy, seybi you talk say u don sell your eternal last week abi na gboju gboju you come dey play us...

As for transcorp, N1.22B transaction done on this stock alone..I don dey suppect you and oga 9free for here..Too much money..

anyanwu58:

Bros na Oando money i go use marry.
Come to think of it outside COP deal is Oando not undervalued at 14.06?

Exactly what i was thinking..i expected oando to be hovering at a higher price...BTW make u remember to invite us come ur wedding o when u don hammer N50m frm oando deal..

Nigerian Stock Exchange:

1. FG tasks SEC, NSE on N60b unclaimed dividends

2. Cash-less policy to go nationwide in 2014 – CBN

3. SEC seeks solution to unclaimed dividends

4. NAICOM set to register five micro-insurance firms

5. Bears resurface on the bourse as ASI hits below 39,000bpts

6. CADBURY records upper breakout, set to record new high in 7yrs

7. Improvement in capacity drives DangCem strong performance

8. OANDO's upstream business to support its bottom-line; Chapel Hill recommends HOLD

9. DANGCEM records strong performance in 9M '13; Chapel Hill recommends BUY

10. CAPHOTEL declares N469.4m PAT in Q3 '13 result

11. CILEASING releases Q1 '13 and Q2 '13 with N193.9m PAT in Q2 result


Source: @Proshare

jposuagwu:

My brother,

You are one of the people I have great respect for both here and on SMN. But am surprised the way you have been very bullish on Oando completing the COP deal Nov 30 without caution. I spoke with a Management staff of Oando (one of the few who are in the know about the COP deal) - even though he was non committal in his response (primarily because of he feared Toronto Stock Exchange may charge the coy for insider trading, he was not as bullish as you sound here about Nov 30 deadline. He was only bullish the deal will be concluded but not bullish about Nov 30. I understand Oando still has a window to extend the date of closure of the deal.

Ok..I got this now from SMN

http://www.marketwatch.com/story/oando-energy-resources-provides-an-update-on-the-acquisition-of-conocophillips-nigerian-business-and-amends-loan-agreement-with-oando-plc-2013-11-28-21183120?reflink=MW_news_stmp

Oando Energy Resources provides an update on the acquisition of ConocoPhillips Nigerian business and amends loan agreement with Oando Plc

A 22-year-old man, Eji Emmanuel, has been arrested by the Lagos State Police Command for the alleged murder of a 39-year-old trader, Sylvanus Okoye.

According to the police, the suspect stabbed the deceased to death at his home on Ezemegbu Drive, Okota in August.

The suspect, however, explained that he killed the deceased in self-defence.

He alleged that on the day of the incident, Okoye had attempted to rape him.

Explaining the events that culminated in Okoye’s death, the suspect said he was a dancer and was lured to Lagos by a friend, Chukwudi, under the guise of doing music business only for the friend to introduce him to homosexuality.

He said he had gone to report the matter to his friend’s boss but his friend’s boss raped him twice and he reported the matter at the FESTAC Police Division.

He said the matter was transferred to the Zone 2 Police Command and the case was turned against him after which he spent two weeks in detention.

He said he had approached Okoye, who he considered an Igbo leader in the state, to help him with money to return to Anambra State when Okoye also attempted to rape him.

He said, “I went along with a relative to report the matter to Okoye and he gave my friend and I N5,000 and shirts. He told us not to worry, so we slept over at his house. At midnight, however, Okoye came to my room and attempted to have sex with me but I refused him.

“My relative later told me that Okoye had sex with him in the parlour that same night. We left in the morning and returned to Anambra State. From there, I went to Abuja where I remained for four months. However, one day, Okoye called me that he had a business deal and invited me to come to Lagos.

“I told Okoye that I would not engage in any act of homosexuality and he agreed.”

The suspect said when he returned to Lagos, the deceased said he wanted to open a bar in the area and wanted him to manage the business.

He said he passed the night at the deceased’s home, but at midnight, the deceased crept into his room and attempted to make love to him.

He said, “In the evening, Okoye served me with bread, butter and tea in my room. Around 3.30am, he crept into my room and wanted to sleep with me, but I refused him.

“Okoye was a big man so he attempted to overpower me, but I picked up the bread knife that was still left in the room and stabbed him in the neck, but he did not die.

“I picked up a flexible iron and bound it round his neck and locked him inside the room.

“When it was 6am, I stepped out of the house and gave the key to one woman beside the gate and fled.”

PUNCH Metro had reported on August 16, 2013, that Okoye was found murdered in his home two weeks after he was last seen by neighbours.

It was learnt that following the discovery, the security guard and the woman whom the suspect handed the key to were arrested by detectives at the State Criminal Investigation Department, Yaba.

PUNCH Metro learnt that after three months, detectives were able to locate the suspect in Anambra State.

A police detective said, “The security guard told us that he could identify the suspect if he saw him.

“In the course of investigation, we obtained call logs from Okoye’s phone and we learnt that the suspect had used Okoye’s phone to call his girlfriend in Anambra State shortly after killing Okoye.

“We travelled to Anambra State and we were able to locate the suspect who was even wearing the deceased’s clothes.”

The suspect, however, insisted that he was not a killer but a victim of circumstance.

He said, “My father and my brother are dead. I am the only child of my mother. Who will take care of her if I am sent to prison?

“I am not a homosexual but I was used. I tried for several months to impregnate my girlfriend but was not successful. I feel they have stolen my virtues.”

Police Public Relations Officer, Ngozi Braide, confirmed Emmanuel’s arrest to our correspondent on the telephone.

Braide added that the police were still working to establish it the the victim was a homosexual or not as alleged by the suspect.


Source: http://www.punchng.com/metro/man-stabs-alleged-homosexual-boss-to-death/

Elai147: Investors anxiously wait for the COP deal to be sealed as end of the month draws near. Please anyone with useful info/rumour should not hesitate to post it here. Meanwhile, "bold investors" will not be easily shaken out of the trade should the deal not get sealed by the deadline. My prayers are with Oando..

Fret not my friend...the COP deal has been completed...i would have told u my source but it is best for uncle wale nd co to say it demselves...dis is an opportunity to buy more...i bought more on friday and hopefully buying more today...only uncle T knows why he choose to put people in suspense..but all i can say is fret not..Enjoy

Nigeria Stock Exchange:

1. STERLNBANK Loan loss and Increased OPEX thin down Earnings;Chapel Hill Places Valuation Under Review

2. Revenue growth remains a challenge

3. Nigerian Stocks sustain 6-Day bullish run as ASI hits 1-Year High

4. OMATEK declares N225.2m PAT in '12 Audited result

5. Prices of imported cars to rise by 60%

6. SIM CAPITAL declares N845.2m PAT in '13 Audited result

7. Dangote Cement set to open Dakar, South African plants

8. First Bank Holds SME Conference

9. FBN Holdings, others bag laurels at PEARL awards

10. Indian firm gets N22bn Dangote refinery contract


Source: @Proshare

Aks: http://www.proshareng.com/news/21602/Oando-Plc-Fall-in-revenue-weakens-margins
Q3 report, Stock now fully priced, in our view. Our revised valuation reveals that the stock of Oando is fully priced, relative to its current market price of ₦15.87. We arrived at our revised target price of ₦15.52 using absolute and relative valuation techniques with weightings of 49%/51% respectively. Relative to its current market price, our revised target price implies that the stock of Oando has a potential downside of 2.21%; therefore we review our recommendation to a HOLD.[color=#000099][/color]

http://www.punchng.com/business/well-conclude-conoco-phillips-acquisition-soon-oando/
An indigenous oil exploration and production, Oando Energy Resources, an affiliate of Oando Plc, has said it will soon conclude the acquisition of the Nigerian oil and gas business of ConocoPhillips.

The company, in a statement on Friday, said its financing confidence to conclude the $1.7bn transactions remained high.

Once the deal is concluded, the OER boss said the company’s daily production would substantially increase from 4,500 bpd to 45,000 bpd.

This, according to him, will make the company the largest indigenous producer behind the International Oil Companies operating in Nigeria.

Aks: http://www.proshareng.com/news/21602/Oando-Plc-Fall-in-revenue-weakens-margins
Q3 report, Stock now fully priced, in our view. Our revised valuation reveals that the stock of Oando is fully priced, relative to its current market price of ₦15.87. We arrived at our revised target price of ₦15.52 using absolute and relative valuation techniques with weightings of 49%/51% respectively. Relative to its current market price, our revised target price implies that the stock of Oando has a potential downside of 2.21%; therefore we review our recommendation to a HOLD.[color=#000099][/color]

http://www.punchng.com/business/well-conclude-conoco-phillips-acquisition-soon-oando/
An indigenous oil exploration and production, Oando Energy Resources, an affiliate of Oando Plc, has said it will soon conclude the acquisition of the Nigerian oil and gas business of ConocoPhillips.

The company, in a statement on Friday, said its financing confidence to conclude the $1.7bn transactions remained high.

Once the deal is concluded, the OER boss said the company’s daily production would substantially increase from 4,500 bpd to 45,000 bpd.

This, according to him, will make the company the largest indigenous producer behind the International Oil Companies operating in Nigeria.

double post

I dey kampe for inside the Oando bullet train...Anybody waiting for it to fall down to N12 is sitting on a long thing..

Nigeria Stock Exchange:

1. Nigeria gets $100m loan for power supply

2. SEC Restates Commitment to Protect Investors

3. Big CAPs boost market further, key benchmark jumps by 559.78bpt

4. JOSBREW breaths fresh air after 10-wk heat, sets for a new rally

5. DANGFLOUR declares N7.22b loss in 9M '13 result

6. FBN Capital expects modest multiple expansion in equities in 2014

Source: @proshare


Enjoy.

henrimoto: hahahahahaha.... bros, you fit buy 1 million units ?

Na just my usual 2,000units i need

ihedioramma: UNITYBANK OR WEMA? AM SORRY BANK PHB,AFRIBANK E.T.C ARE MY EXAMPLE IF THIS STOCKS ARE ALIVE I WILL JUST BE RICH AS 9FREE OR BORN 2BE RICH I LOST SO MUCH I WILL NOT TRY IT ANY MORE. SOME PEOPLE ARE SAYING ECOBANK WANTS TO TALK OVER ONE OF THIS BANKS.

A whole Oga at the top like you were get mansion for banana iceland, you wan come here dey code abi?

So after OANDO and NESTLE...which stock is the one that we can quickly position in before the ride?? Where @petaling? make im come tell us wetin im girlfriend say on this one..we need more people that can share information here on this forum