₦airaland Forum

feelamong: The problem with SMN is that they are trying to be too politically correct...too many efficos and they are too serious!

Life and Investment shouldn't be taken too seriously!

As for me nairaland NSEMPA will always rock!! Kudos to all the BnSINL!!

nitrogen: @all, what are we to buy today o? or should we start selling nii?



Meanwhile, some guy wants wapic for his foreign guys, is the bus about to move or what?

Dragonking: i thought it was my bigass babe dat has d highest fan base here

nitrogen: Don't mind him, when he saw the speed at which the bus was moving (before he joined), he had to stay at the middle of the road for the bus to make an abrupt stop, God save the guy o!

uboma: Transcorp moving up to N6. Where are the haters? lol

Born2beRich1: Oando is still flat..you can buy more.

nitrogen: @bolded, seriously? Don't think so.

coldFLARES1: Question is:
1. Would it be safe to assume the OER is yet to source for the full amount for which the COP acquisition is valued? Such that a dilution is envisaged so as to make Oando own the max 94.6% it is allowed to own.
2. If the answer to question (1) above is NO, wherein can we rationalize the need for a Rights issue.

coldFLARES1: my oga, most times lawyers get me lost but I would need to confirm if my below understanding of the statement is correct:
1. OER is the vehicle through which the assets of COP is being acquired.
2. By this loan-to-equity conversion, the stakes of Oando in OER has increased from approx 92% to approx 93.7%.
3. An assumption of subsisting and offered Warrants would raise Oando's ownership to approx 95.5% whereas there is a ceiling pegged at 94.6%.
4. This deal is applied retroactively for a bail-out offered in Feb 2014.

Born2beRich1: Transcorp is currently N5.80 ..E don break resistance level oohh

feelamong: I expect OANDO to go on bid today!

Dexterax:

Very soon, it'll be "@ the best market price"

Nexth11: Open confession: I have been #passingby for a while now. It's time to get active. All the Ogas in the house i dobale!!! @Dexterex....I see you

Born2beRich1: Am surprised that many people are just noticing FO despite my several announcement about the stock more than a week ago..this is a stock that doesnt make so much noise to rally upwards and the management is good.

The final signal on FO was when they were listed among the high priced stock and the info was posted here but nobody noticed it still..

@dexterax, hope you bought below N200 yesterday?

dsonofmaan: try N28.06. Worked for me dis morning

nitrogen: Rights issue things bros.......lemme stop here

Dexterax: Bid prices are being adjusted upward, better adjust yours.

nitrogen: Oando should come down soon.

Anyway, me dey wait for #22 junction.

presiade: Thanks. Chai, I wish I would be back before the close of market; l need to increase my stake here.
..

presiade: Abeg brethre, what the current price if ubcap on the floor. I'm out of station ATM now, so can't view real time... Thanks.
Dexterax?

securi: 3rd trading day, I hope I can get oando for 27 today.My N27 buy mandate has been on snc last week.