₦airaland Forum

ladyF:
hehehe... Missed you tho...

Iffahear! We would speak later

ladyF:
Chai... What have I done

Nothing o. Just continue

FixedRoots:
Lol. Please pardon my omission. Hi Dave. Am I forgiven?

Well,

zendi:
Thank you v much.
Good to have people like you around, able to cut thro the maze of oando legal manoeuvrings.

Now, straight to the bone of my concern :

Is the bolded, Oando E&P Holdings Limited (still) owned by the Oando Plc we're trading on?

The below should help
Lagos, Nigeria – Oando Plc (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced audited results for the twelve months period ended 31 December, 2015...

Oando (Group) is listed as "Oando Plc", but in itself, there is a downstream subsidiary called Oando Plc.

Lol. Me sef don tire.

ladyF:
Hi

You.

FixedRoots:
Hi ferdy. Yes, it's been a long time. I trust you are well.

I'm alive, well and grateful.

Thanks for checking.

Is it only Ferdy you will say Hi to?

zendi:
The Oando boss explained that the company has completed 100 per cent divestment from Oando Energy Resources, OER, which was a loss making business, saying that it would allow the company to focus on its core business of retail downstream trading and gas production.

Read more at: http://www.vanguardngr.com/2016/07/debt-ridden-oando-begs-investors/

Ref the above statement, taken from the last paragraph of the story in this link,
has oando plc actually sold oando energy resources, and if so, to whom?
Is it not OER that handles the upstream business of oando, including the acquired COP assets ?
Pls I need somebody who understands to explain the bolded, or is it a case of bad journalism ?

Oando had entered into a definitive agreement with OER to sell the outstanding minority shareholdings in the OER to another wholly-owned foreign-based subsidiary, Oando E&P Holdings Limited.

Oando E&P Holdings Limited will also subsequently take over shares held by Oando Plc and other institutional shareholders in OER, making OER a wholly-owned subsidiary of the Oando E&P Holdings Limited, a private company incorporated under the Laws of the Province of British Columbia.

So technically, Oando Plc do not have any holdings again in OER.

CoCoLav:
There is nothing like true and everlasting love.

Everlasting love is for Chineke God, but true love, of course it exists

Because you have not experienced it does not negate it's existence.

CoCoLav:
You have still not convinced me that true love exists but thank you.

Haha..

Are you still looking for a definition of true love? I thought you had it already..

*rollingmyeyes*

Chukzyfcb:
It seems u r monitoring thesituation like me too, lol those 4 banks only are in the safest position for now after 2015 financial report then maybe Fidelity following slightly

Lol. Yes o. Information is key, and true for Fidelity, their topline was a bit impressive.

Chukzyfcb:
I agree with you bro. UBA risk management is TOP NOTCH. Their non performing loan after the release of 2015 financial result stood at 1.4% against the benchmark of 5% set by CBN. Whereother banks were recording decline in profit & sacking workers, UBA made a WHOPPING 25% Profit AFTER TAX & a 10% increase in its Gross earnings. UBA is one of the tightest banks now brov

True bruv.

UBA, ACCESS, ZENITH & GTB.. They kinging!..

OlujobaSamuel:
oga, I bank with uba and skye, closed my Skye account more than a year ago when I saw some indices not so friendly.
checkout the report on banks on Google or here on NL, the reports were by SR and Cable. Different reports, just add them all together, you get your answer.
It's not about destroying them, but for us(depositors and shareholders) to be careful.

Bros, I am trying to get your views, but comparing a UBA to a SKYE is absolute preposterous. UBA has one of the lowest exposure to the oil sector in terms of loans which made them one of the few banks to declare a profit last year (Mind you, 90% of the issues all the banks are facing are non-performing loans)

To check if a bank is stable and unlikely to fold, you check their Financial Year results, do a year on year comparison and all that... Not looking at SR reports.

Cheers.

OlujobaSamuel:
it's true, first bank is having issues, uba is also having. uba is not as much as that of first bank. let's hope they all won't go down.
to cbn, how was Skye alloed to acquire afribank despite having all these issues?

Oga, UBA is not having any issues. One of the safest banks right now.

iyatrustee:
.

I heard first bank is having issues too? Can anyone corroborate?

Their results was not too good. Non Performing Loan ratio of about 18%, Revenue Decline of c.84%, impairment losses.

They still paid small dividend sha based on historical trends and with their "too big to fail" status, their liquidity ratio and CAR was above the minimum requirements.

I wonder why people are panicking. Banks cannot just fail again as the likes of what happened during Sanusi era.

Now we have AMCON! and a functional CBN.

In other news, if you work in a firm (banks or what-not) and the Chairman of the firm associate with some political undertones, please start looking for an EXIT! Fast..



..and I pity those who bought Skye bank shares though.. (-9.5% in one day!)

slydog:
Dude even have a jet, he gambled on gej wining.
The name of the bank won't even be changed, just like UBN, well fbn were smart enough to remove Bisi before he spoil things finish. Truth is d MD even tendered his resignation last week but d chairman did not accept, he still wanted d man to continue covering up for him.

Yet to find a young single female doctor bro, still searching

Mhen. This is serious. Hope jobs won't be lost sha.

EstharFabian, Xchristy, kindly hook a brother up.

slydog:
Repping the sky still.
Rem the fmr chairman contributed 2b to gej campaign.
Owns ibecd
Owns ntel
The MD hands were tied. He resigned not sacked, his loyalists resigned along him.
The bank is very OK, corporate governance issues, insider loan ish

Oh I see..

CBN was now giving us gibberish, they should go and check FBNH NPLs (c.18% or so).

Anyways, how body? When i dey come do Groom's Gang?

Adesiji77:
I saw this coming

Cc: davi.de470

True bruv. With no results at all, it definitely called for suspicion.

Slydog, any feelers?

[quote author=Abimbex007 post=47186824][/quote]Happy birthday Abimbex007.

Have a good one today.

I wonder why nobody is asking why she involved Sterling Bank Like what's their business? Are they now the Nigerian Police Force?? When the going was good, did she tell the bank??

All these Ladies that type before they think!!

deeway200:
Please my dad is dead and he has a lot of unclaimed shares. Please can it be reclaimed?

I know a firm that has a product called : Probate Management. They do stuffs like this, depending on the value though.

You can shoot me a mail.

osabuohein:
I'm planning on even buying shares but honestly I don't know how this stock market thing works. I want to invest like #1,000,000 on shares but I don't know to go about it and how much returns it would fetch me. I've always heard about the stock market but I really don't know how it works. Is there a stockbroker in the house pls?

The stock market is an highly risky venture where you can lose a portion of your capital and for investments with high risks, it also has high returns if you invest wisely.

To start, you need to understand the companies listed on the market, their performance in terms of quartely and yearly results, do they pay dividends, how good is their corporate governance, are they making profit? et al..

Then open an account with a Brokerage firm and buy.

STENON:
My thought is that this post must make frontpage so as to warn all nairalanders against such scammer.

Cc :
Lalasticlala
Seun
Is.hilove
D.avide470
Ub.oma

Please kindly go through this thread and do the needful.

Dominique, what say you on this?

Anabell2, sorry ma'am. Just reading the story now.

Happy birthday Tolu.

Well. All them babes don talk am finish, so make we go WhatsApp.

Have a Good one.

wroskian:
Do you work in an Environmental Consulting firm? Kindly send me a PM. I need help. Thanks.

Please help share this.

I know someone doing his PG Internship at Environmental Rights Action/Friends of the Earth in Bayelsa.

Does it count as an Env. Consulting firm?

Jamean:
The babe you sent cakes to is not on Nairaland abi
Just continue.

Haha.. That was just a fleeting moment. An epochal development in emotional decisons.

It's been ages we saw o, sweetie..