₦airaland Forum

SetrakusRa:
the thing tire me

any small negative opinion about O & O, everybody go bring out their cutlasses

Please, let's welcome all opinions about any stock. You're the CEO of your portfolio.

PS: I have a large holding in Oando. Fundamentally sound or not, cast or not, I'm holding until I get another 80% gain.

Streetinvestor2:
IB just break record though they say the nominal value is 20kobo and not 50kobo

I expect them to return it to 50kobo soon thereby destroying value for formal share holders

KarlTom:
"
The most important quality for an investor is temperament, not intellect.
You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
"
~ Warren Buffett

...

chillykelly86:
An analysis doesn't necessarily guarantee an upward or downward movement. Please don't float that criterion here to discredit one of the soundest human assets we have on this platform. In analyzing any stock, you look at the pros and cons and then make your decision.Every pro or con is a potential added insight. The direction of the stock price in future doesn't necessarily negate any of the pros or cons.

Agbalowomeri:
Lol September again

KarlTom:
I hope all this hullabaloo will not hinder the proposed commencement of PMS distribution by DANGOTE REFINERY.

August is 10days from becoming history...

ojesymsym:
Okay let me share with you a secret. The best way to use this platform is to realize that people view the stock market from different perspectives. Some are value investors that wait for yearly dividends, some do growth stocks that sell stocks where the prices happen to go high, some do trading by buying a stock that they believe will increase and sell once they hit their target. Some are a mix of 2 or the 3. I will not also forget those or the guy who does data analysis with advanced Python.

Then there are some that don't do any indept analysis but they sort of have intuition for what they do, so they may tell A or B may happen but they cannot fully explain why they say so, yet sometimes events will prove them right. That is where you start hearing things like street, spiritual, common sense and sentimental analysis.

Most value investors will not touch Oando by a long pole based on their fundamental details at this time, but growth and traders who are more susceptible to risk will be more disposed to stocks like that.

If you stay here long enough, you will be able to guess with higher probability the different investing philosophies of the different people who make comments. So, if a value investor talks down on Oando, rather than folks taking it to heart, just switch to growth or trader perspective and see if it aligns with what you want.

That is how I look at it. To put it in perspective, there are various car mechanics but if you have a Benz, you are likely to get the best advice from a mechanic experienced in Mecedes benz, if you have a Ford, same thing, even you have a japs, then more general purpose mechanic may be of help.

One way to be in the middle is to divide your portfolio into the 3 major investment types, that way, when you are taking a risk, you know you are doing it with funds that is risk friendly.

I hope this helps.

Zagee:
For good reads

https://www.premiumtimesng.com/business/business-news/725854-amidst-fuel-crisis-nnpc-retail-cedes-total-control-to-ovh.html

You will be wowed I promise you.🤣

Just tell me how many times you shouted "wow".

chimex38:
Wife/Wives(asset/Investment).

BullBearMkt:

emmanuelewumi:
No big deal if the wife is Dangote, Adenuga, Otedola , Elumelu or Tinubu's daughter

MARKETJJC:
don't take it to heart bro but you know you bleeped/messed up cuz you were driven by selfishness and lack of empathy. You bought oando quietly and sold quietly and thereafter started shouting oando is bad and all that negative energy without number to back it up. That was done in bad Faith and you acted exactly like monkey Hunters that you do attack intermittently. That is where we had issue.

As for standing before you? I think otherwise cuz I fit match you without any lele. Gowon became president at 27years the same thing that Tinubu achieved at 72years .

So pack one side, you be otele

dapix:
Ding !!!

Omooloriredade:
In normal circumstances, all existing shareholders including majority and minority shareholders are allocated additional shares over and above their Rights based on a ratio.

So No, it's not restricted to only influential shareholders.
If I haven't done justice to your query enough, have a read of below snip from Fidelity's RI

Omooloriredade:
Floor members need to first acquire the right to participate in the offer by purchasing "rights" on the floor of the exchange. Afterwhich they pay the applicable cost of the shares being issued as Rights.

The above scenario is different from what you bolded.

In this case, the "chairman" and existing holders are participants in the Rights issue by "right". So all they'll need to do is to apply for more than their share and Rights not taken up (by other existing shareholders and not sold on the floor) will be distributed amongst interested shareholders. If there is an oversubscription, it is usual to have allocations scaled back for the extras over your Rights.

Omooloriredade:
Pretty sure the chairman or any existing shareholder can also buy up all the shares not taken up in a RI. You can subscribe for more shares than you're qualified for in a RI.


I agree a public offer and Rights combination is the way to go though. A PO opens up the target market to "whosoever will" so not restrictive.

zendi:
That's 13b new shares added to the existing 32b, when listed, to bring the whole thing to 45b OS.
And the CEO said this's only the first phase of money raising (read the story).

This's what's weighing the banking sector, and by extension the entire market, down and not the windfall tax as many think. Windfall tax is a one-off on the 2023 account only, and as at H1 '24 the banks are still posting mega profit which should have been making the sector bullish.
But my theory is that many investors are staying away from the banks for money raising to run it's course.
Then for the overbloated shares to be reconstructed. Then for some corrections and bottoming out to occur, before a mighty bull seizes the market.

Whether you understand it or not, scarcity of shares is a factor of its own in price action. Bank stocks cannot rally, no matter the profits they post, if people are bringing ship loads of the shares to the market every day.

Mpeace:
Fidelity did it cos they combined rights issue with Public offer.

All those banks doing only rights issue will hardly make it.

With public offer, the chairman go just buy up all the things wey shareholders no want buy

emmanuelewumi:
Good for them, had to extend the offer

emmanuelewumi:
Doubt if any bank will get extra cash, can't you how they have been extending the deadlines of the public and right offers

megawealth01:
Is this true?

Mpeace:
Its actually over 200. They pay 4timmes a yaer and one special dividend. 5times

Mpeace:
No talk that type thing na because of seplat I dey praise oando. Because if oando do 1k, we go do 12k. Lol

Mpeace:
Seplat exchange rate for 3cent interim div is 1,570.99 that is about N47.12 per share

ojesymsym:
I think the guy is trying to be clever by one quarter. What he accused Dangote Refinery was that it was not more or less not in existence and that Dangote was rather importing diesel and attempting to sell as being products from his refinery.

I believe he is trying to play both sides to create an impression of being objective in thinking. I still appreciate his release on an attempt to pay him to release a negative report on Dangote, at least we now have an idea that there is a bigger conspiracy than NUPRC to stifle Dangote refinery it does not mean that this guy is not playing a game.

GeeKudi:
You didn’t have to do this and I was going to totally ignore the topic.

KarlTom:
"Why would this guy reject an inducement to discredit Dangote Refinery with his pen when he has been a regular critic of Dangote, and he has even criticised the Refinery before?"

This question betrays a severe lack of depth and an inability to deal with even the slightest complexity where the real world is concerned. Some people think real life is like football where you pick a "team" to support through winning and losing.

In these minds, offering strident criticism of Dangote means that I have picked the "anti-Dangote" side, like I'm now supporting Chelsea, so I'm supposed to do nothing other than take the opposite side to Dangote on every issue because dealing with economics and geopolitics is like supporting a football team.

Very dumb!

First of all, my criticism of Dangote Refinery has always been about the timing of its delivery and the politics that made them "commission" it in May 2023, nearly 2 years before it was due to be fully operational. That was, and remains an entirely valid criticism.

Every other criticism I offered revolved around concerns of monopoly business practises and potentially turning Nigeria's energy market into a monopoly - which is also a very valid concern. Ideally, one entity should not control the energy market for 200 million people.

However where the choice presented is between a potential domestic energy monopoly and the imposition of eternal energy poverty and import dependence by foreign actors, which side do you think I'm going to pick? You think I'm going to campaign for the continued poverty of my continent for the benefit of some rich white guy, simply because I don't like Dangote?

Furthermore, you think as an educated person, I would EVER want a $20bn project - the largest single investment ever made in West Africa - to fail? What do some of you think this is? Manchester United vs Manchester City?

How did some of you even grow up and survive into adulthood without the ability to separate issues, assign priority and think in a straight line? More importantly, are you planning to breed?🤔 I hope not. We don't need more idiots on this continent. Lord knows we have too many already.

~ David Hundeyin (X)

KarlTom:
I'll advice that you update your browser.
I use Microsoft Edge browser.
No fee is to be paid...