₦airaland Forum

debeey87:
OANDO ENERGY RESOURCES MAILS NOTICE OF MEETING AND MANAGEMENT
INFORMATION CIRCULAR REGARDING TRANSACTION WITH
OANDO PLC TO ACQUIRE OER MINORITY SHARES
CALGARY, ALBERTA, FEBRUARY 3, 2016 - Oando Energy Resources Inc. (“OER” or
the “Company”) (TSX: OER) today announced that it has filed on SEDAR and is mailing
a Notice of Meeting and Management Information Circular (the “Circular”) in respect
of a special meeting of shareholders (the “Meeting”) scheduled to be held on February
25, 2016 in Vancouver, British Columbia.
The documents present the reasons for the unanimous recommendation from OER’s
Board of Directors that shareholders vote IN FAVOUR of a special resolution (the
“Special Resolution”) to approve a proposed plan of arrangement (the
“Arrangement”) with Oando PLC and Oando E&P Holdings Limited (the “Purchaser”).
As announced on December 22, 2015, pursuant to the Arrangement, the Purchaser
will acquire all of the issued and outstanding common shares of OER (the “Common
Shares”).

Hehehe, Oga Born2berich this wan no be discharging pattern by OER so? Abi I no understand the context of this post? Dem wan buy shareholders off abi wetin? I hope the next in line will not be OANDO. This one na pure share reconstruction dem go do.

[b]My question is " What are common shares?" and how does this help Oando cos they are encouraging sharholders to vote in FAVOUR of the sales and delisting of the common share.

Common shares are ordinary shares. They are different from preference shares.

stokfrick:
All fcmb bids are at one price. 0.94. Is this natural or regulated?

Sign of market makers regulating price. Perhaps they didn't want the stock to close on full offer hence, they supplied bids @0.94. If you noticed, at a particular time, there were no bids @0.95, lowest offer was 0.96, but there were so many bids @0.94.

If I bought Seplat for JIJO I would start thinking of how to JO by the end of the week because I no get paper profit wey NSE wan chop.

My advice to those with huge losses is to think carefully before taking a decision. If you have money you may average down AT THE RIGHT TIME. I have done this severally and it worked for me. However, if you don't have money you may consider cutting your losses, and moving on to a winning stock. It can be difficult to time the market, but if you can get your fundamentals and technicals right it may not be too difficult to be lucky sometimes. For example, going by @betcindy's post, if I bought 100,000 units of UBA @N44 in 2008, and assuming the time is now right, I would buy 1 million units of UBA @N2.80 and take my cost basis down to around N6.55 from N44+. Then I would relax because if I could hold since 2008, I can hold a little further till UBA gets to my current average purchase price of around N6.55 which may not be too far away. I prefer to do this than to sell at a huge loss. Remember, you are selling because you think it is the right thing to do while someone else is buying from you because he/she feels it is the right time to buy. I am not fan of 'averaging down'. This is just what I would do in some cases, and should not be taken as a recommendation to buy, buy and buy .

The problem we have is that some of us don't want to invest time and energy to learn the trades before diving into it. The truth is your losses will continue to outnumber your profits until you get your fundamentals and technicals right. Some of us invest without having any prior knowledge of the stock market. You don't need to be a stock analyst to be able to trade successfully in the market, but you need to know what you are doing. If you must invest without a good foundation your best bet is to go for long term, or invest in mutual fund instead of gambling with your hard earned money. Whether you are in for a short or long term, never invest what you can't afford to loose, and don't let your emotions run your portfolio. I remember what Robert De Niro said in a movie..."don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner." Good luck!

debeey87:
Hello House,
If a company closes its register today and I sold all of my stocks in the same company today, will i still qualify for dividends or bonus declared by the company if its register closes today. Thanks.

Godisfaithful:
Sir,
Sell today = No dividends/bonus.
Sell tomorrow = You are qualify for dividends/bonus declared.
I hope you understand the simple explanation

Intendy:
YES cause you sold @ marked down price
but some registrars na were(mad)
That's why their is qualification date

debeey87:
You and Godisfaithful dey confuse me o. I understand qualification date, but d big question is if I opt out at the close of trade on the qualification date, am I still qualified?

Godisfaithful:
ABSOLUTELY NO SIR

Intendy:
You made mention of closure date in your question and not qualification date which are 2 different things.if you sell on qualification date,you are entitled to NOTHING.But on closure you will benefit

@Myjoy, I think you are getting it wrong. @Intendy was previously right. It is a common misconception that investors need to hold a stock through the qualification date in order to qualify for dividend. This is actually not the case. As long as you purchase a stock prior to the ex-dividend date, you can sell the stock any time ON or AFTER the ex-dividend date, and still be eligible for the dividend. In Nigeria, the date of the Closure of Register- reported on the NSE website- is the same as the ex-dividend date. So, @debeey87 would qualify for the dividend if he sold on the ex-dividend date. This is because, on this date, the stock usually trade ex-dividend (without dividend), and new buyers will no not be eligible for the dividend.

In summary, in order to receive the dividend, you must own the stock before the ex-dividend date, and you may only sell on or after this date.

NB: Remember to put the T+3 system of settlement rule (trade date plus three days) into consideration if you really don't want to miss the dividend.

angelo82:
Meristem service is becoming so poor these days.

I am completely fed up with their poor services. I am planning to transfer my long term portfolio to another broker. It is the CSCS biometric requirement that is hindering my plans as I am currently not in the country.

atilla:
See the goat heads post below......all his posts have been hidden on Nairaland sef

donofdons:
Fear is the greatest enemy of man and suspicion is mans greatest confusion. I will categorically state that i trust my judgement and maybe i hoped that if more people are informed about the prospects of evansmedical,it will lead to an even high profit for me. I have stocked up about 10 million shares of evans and i am sure huge profit awaits me by december because then the information that am privy to will be made know publicly......dont thank me now cool

I remeber this post. I am trying to remember the other moniker...I mean the partner in crime of donofdons. The guy moniker start with TH or something like that. I hail those men sha...

Manonamission:
If anyone bumps into the guy, please hail the guy on my behalf. He perfected the act of monkey hunting with different monikers all playing his game. I remember this quote " anyone that sells Evans at N0.90k is a f 0 0 l". Thank God a member cashed out all the same. Needless to say, Evans is on full offer at N0.50k.

Since 1807 . Wetin pain me pass is why they all disappeared just like that? Especially that evansmedical guy... Na wa sha... I think he said something like the owners wanted to mop up shares from the floor. Now that the stock has been at car park unko? If they cannot buy back their own shares at 0.50 kobo, it means they don't see any value in the stock. If they don't, why should I?

Born2berich:
Na wa o. see wetin bear don do oga Elai soteh e begin to speak in tongues.

@9free, abeg come interprete

Godisfaithful:
Sir, laugh in English naau not in arabic (أنا أضحك في اللغة الإنجليزية)

My brothers the current situation of the market reach to bring out the Arabic-speaking tallent in you .

Abeg those our ogas wey go on emergency sabbatical... I hope all is well with their portfolio ooo.

It is well.

Godisfaithful:
Reading this image below gives another episodes of life in terms of navigating about what tomorrow's hold for us. It is very true that life gives us dynamics reasons to ruminate on our ups and reflect about our downs and how to make it better. Yet, it hasn't stop surprising us that we can only ponder on the magic of today and anticipate about the miracles of tomorrow. In all, we should all think about what we ought to change not what's beyond our control! Only him alone can fulfill every desires of our heart. Let's have a blessed and joyous week ahead! When almighty God is involve, every mountain is surmountable.

أنا أضحك في العربية

إخواني وأخواتي في الرب.

الذي كان هذا الشخص الذي قال ان يبيع منزله من FBNH حصلت على N4.00؟

chiteny:
CAN SOMEONE EXPLAIN IN PLAIN LANGUAGE WHAT JUST HAPPENED ON NSE??

NSE Abracadabra

Manonamission:
Looks like someone gave an order to close the index as high as possible.

And they chose to do it with some selected stock.

Agbalowomeri:
Chai from 27 to 30, haba bros

Abi ASI don begin do Gap trading

Born2berich:
Please what is their closing prices.....Am currently not connected to my PC.

Zenith: 14.05
GTB: 18.10

Na from tomorrow Santa claus wan visit these ones.

Agbalowomeri:
Santa claus show for NSE, see the price of Oando and ran back to safety

Get ready for the jollification ride... Abeg wia is Myjoy (aka Godisfaithful)?

Na wa o. FBNH suprise move as usual. Nestle and Dangcem too... Abi ASI wan waka?

From the last minute trades, it is either they are trying to close the year positively or some bad guys don enter market. A lot of stocks closed higher at the last minute. NSEASI is now set to move. Check

Born2berich:
Just imagine, glogirl, peterichy and dumexoga just jam uncle wale for road or one corner....The kind beating were e go chop, Na only Nigeria army go fit help am.....

Born2berich:
Lol....You think say e easy...Person by stock at N36 only for it to fall to N5....Honestly, if not for God, I can bet you that some shareholders for arrange beat the hell out of uncle wale after this..Ask Oga proshare what he went through after oando surprise result...Have you not noticed that they hardly post any oando related news again...Unlike before that proshare will be shouting "grab it while it is hot"...

I dey try imagine the day wey Oando investors go catch uncle Wale for tight corner

Born2berich:
You are right...There is no fundamental reason in the bullish rally in FO, however, I have always known forte oil to give its shareholders at least 50%-100% gain in a year.....Imagine if you bought FO when it fell below N150, your gain is a whopping 100%....Which other stock can give you this? FO is one stock to always watch out for.

Bro dis FO mata don tire person. The way e dey go now I hope it is not on its way to N400.

PETERiCHY:
Our Molue is gradually heading back to N3:50k bustop to pick more passengers.

WALE think say e go fit chop my 1m just like that, dem no born am well

Beware of 'Revenge Investing'.

Investors have a knack for piling into investments at the top and selling at the bottom. Many investors get caught up in media hype or fear and buy or sell investments at the peaks and valleys of the cycle. Why does this type of emotional investing happen and how can investors avoid both the euphoric and depressive investment traps? Read on for some tips on how to keep an even keel - and keep your investments on track.

Investor Behavior
The behavior of investors has been well documented; there are numerous theories that attempt to explain the regret and overreaction that buyers and sellers experience when it comes to money and the potential gains and losses on that money. Investors' psyche overpowers rational thinking during times of stress, whether that stress is a result of euphoria or fear.

The typical non-professional investor is putting his hard-earned cash at stake and, while hoping for a gain, wants to protect that cash against losses. Investors get investment "information" from many sources, such as mainstream media, financial news, friends, family and co-workers. Oftentimes investors get enticed by the market during periods of market calm (low volatility) and prolonged bull markets.

Bull markets are periods when the market tends to go up indiscriminately. During such times of market exuberance, investors tend to listen to stories from friends or family members about how much money they are making in the market, creating a stir and compelling those not invested to test the waters. Likewise, when investors read stories about a bad economy or hear reports about a volatile or negative market period, fear takes over and they sell at the bottom.

Bad Timing
The lag between when an event occurs and when it is reported is what typically causes investors to lose money. The media will report a bull market only once it has already hit; unless the trend continues, stocks will retract in upcoming periods. Investors, influenced by the reports, often choose these times of premium valuations to build up their portfolios. It is worrisome when the daily stock market report leads off the mainstream news because it creates a buzz and investors make decisions based on "opinions" that are often outdated. Market uncertainty creates fear and brings about an atmosphere of emotional investing.

Time Tested Theory
The theory that many market participants buy at the top and sell at the bottom has proved to be true based on historical money flow analysis. Money flow analysis looks at the net flow of funds for mutual funds. Over a period from 1988 through 2009, money flow analysis showed that when the market hit its peak or valley, money flows were at the highest levels.

Money continued to flow into funds until the market hit bottom, and only then did investors start to pull money out of the market and money flows turned negative. The net outflows peaked at market bottoms and continued to be negative even as the market moved into an upward trend. Because the market was shown to fall before funds were sold, and funds were often reinvested after the market had already moved up, it's clear that investors often fail to time their trades in the most beneficial manner.

A Bright Spot
Despite the strong tendencies that investors portray at the peaks and valleys, they have gotten other periods correct. Throughout the 1990s, there was a steady flow of funds into the market during a period when the market was on a prolonged bull run. Likewise from 2004 to 2007, during another strong bull market, investors poured money into the market. So it can be hypothesized that during periods of very little volatility (such as prolonged bull markets), investors become more comfortable in the market and begin to invest. However, during periods of volatility, or when bull or bear markets begin and end regularly, money flows tend to reflect confusion and the timing of the flows becomes mismatched with actual market movement.

Strategies to Take the Emotion Out of Investing.
A 2009 study of investment behavior by DALBAR showed that over the 20-year period from January 1989 to December 2008, the S&P 500 returned an average annual 8.4% but the average stock investor returned only 1.9% annually. The evidence suggests that emotional investing gets the best of the typical investor during periods of uncertainty. There are strategies, however, that can alleviate the guess-work and reduce the effect of poorly timing fund flows.

The most effective tends to be the dollar-cost averaging of investment dollars. Dollar cost averaging is a strategy where equal amounts of dollars are invested at a regular, predetermined interval. This strategy is good during all market conditions. During a downward trend, investors are purchasing shares at cheaper and cheaper prices. During an upward trend, the shares previously held in the portfolio are producing capital gains and fewer shares are being added at the higher price. The key to this strategy is to stay the course- set the strategy and don't tamper with it unless a major change warrants revisiting and rebalancing the established course.

Another technique to diminish the emotional response to market investing is to diversify a portfolio. There have been only a handful of times in history when all markets have moved in unison and diversification provided little protection. In most normal market cycles, the use of a diversification strategy provides downward protection. Diversifying a portfolio can take many forms - investing in different industries, different geographies, different types of investments and even hedging with alternative investments like real estate and private equity. There are distinctive market conditions that favor each of these subsectors of the market, so a portfolio made up of all these various types of investments should provide protection in a range of market conditions.

Conclusion
Investing without emotion is easier said than done, especially because uncertainty rules the market and the media. Evidence suggests that most investors are emotional and maximize money flows at the wrong times - a surefire way to reduce potential returns. Strategies that eliminate the emotional response to investing should produce returns that are significantly greater than those indicated by the typical investor responding to the market rather than proactively investing in the market. Dollar-cost averaging and diversification are two proven strategies within a multitude of other alternatives to reduce an investors emotional reaction to the market.

http://www.investopedia.com/articles/basics/10/how-to-avoid-emotional-investing.asp?utm_source=investing-basics&utm_medium=email&utm_campaign=Basics-12/14/15&utm_term=investing-basics

Manonamission:
He actually did grow the company into a major flour miller, 2nd only to Flour mills. I guess he sold it when the growth trajectory started to dip. That is not to say he doesn't have the resources or capacity to turn the company around. His antecedents speaks for him.

I agree with you my oga.

zendi:
Hmm,, biTL, softly, softly o. Conspiracy theories dey sweet pass sugar to dish out o.
This Tiger Brand of a people, could they have been such kindergarteners in biz that we should believe they purchased this coy without engaging the best consultants available to conduct due diligence for them? Or is it a seller's fault if a buyer, for reasons unknown, could not optimize an asset he purchased with his four eyes wide open? In fact I believe Dangote, whose hand is full of businesses already, is taking back the coy just to show the world that he did not sell a dud. If he is paying less than he sold, it is because there has been a run down. He is paying according to the present valuation.
I am not an employee of DIL. Nor am I making any recommendation. For one, I don't want to be chased out of nsempa when it backfires, or be forced to change username to zendi5050 .
But I know that if the deal goes through, the fortunes of the company cannot be the same in Dangote's hand, as in Tiger's. Dangote is yet to be associated with a moribund company to the best of my knowledge. He is very good at injecting money without recourse to shareholders, and as these funds injections and other turnaround news hit the market in the days to come, you may see this stock trending back up towards 5, ALL THINGS BEING EQUAL

The truth is only Tiger Brands and Dangote know exactly what has transpired. We are only guessing. However, IMO, I think one of the reasons may be due to poor due diligence- one of the main reasons why mergers and acquisitions fail. And yes, even a big company can fail to do proper due diligence, e.g Oando Vs COP deal. Nobody is perfect. After all the people wey wan help the company do the due diligence, na one head dem get like me and you, and whatever due diligence they may have carried out was limited to the information made available to them- Dangote is a very good business man and if he decides to conceal anything about his company before any acquisition, I don't think it will be easy for anyone to spot out- only the wearer knows where the shoe pinches.

Did you say Dangote is yet to be associated with a moribund company? Why do you think he sold the company in the first place? Why didn't he sell dangote sugar or Nascon or Dangote cement? Before Tigerbrands took over, we all knew the company was not in a good shape. And why do you think Tiger Brand was quick to change the brand name from dangote flour? It can be a bad- and also a good- idea to change a brand name immediately after acquisition due to the risk involved. Do you think an acquirer of Nestle Plc would change the name from Nestle to their own brand? Very unlikely... Also, would you have invested in Dangote flour for long term before now? If not, why would you now? Because nothing has really changed except that the company has gone from bad to worse and that Dangote has technically made a lot of profit by a systematic 'short-selling' .

I am not saying this stock will not rally, or that it isn't good for JIJO, or that Dangote doesn't have the ability to turn the company around even if he obviously failed to do so in the past. I am only stating the obvious. In fact, those who were able to enter earlier today may benefit enormously and I may be among . But at the same time, I am wondering how one can explain the massive dumping of over 35 million units after the stock went on full bid...reference to @Manonamission's post below...

Manonamission:
It should be filled now Someone don dump finish

Manonamission:
I don't get your perspective either. It is a positive development for the company and shareholders alike. DIL becomes the majority shareholder and will most likely turn around the fortunes of the company. What is your perspective exactly?

Turn around which fortune? Was Dangote not the former owner? Why didn't he turn the fortune around before now? The guy has just succeeded in scamming Tiger Brands. The former directors of the company who previously resigned their appointments have all been reappointed. Perhaps the next thing would be to change the name back to Dangote Flour . Dangote is probably going to restabilize the price of the stock at around N2 - N3 and then look for another maga to sell to

SWG1:
And u saw an Elephant sitting down or fell flat like wall of Jericho?

Born2berich:
Unity bank is about to park well at the car park. Oga Elai, is this the bank you dreamt about?

The stock I saw was UBN but my dreams, if at all e go happen, dey always no be direct. So it may be another bank or even a stock from another sector

Intendy:
Is it. going down to 0.50k
http://www.pmnewsnigeria.com/2015/12/14/tiger-brands-sells-65-stake-in-dangote-flour-mills-for-1/

Certainly there's no gainsaying one should invest only in fundamentally sound stock. If you must dine with the devil, you need a very long spoon in order to keep your distance. I guess Tiger Brands did not carry out due diligence . After frustrating Tigerbrands out of the business they have started bidding up the price of the stock. Dangoteee, all dis things you are doing...dia is God oooooo.

SWG1:
@ Cyriacusifec
like seriously, where have u bin. Some unbiased, strong dangerous wealth of information and arrays of knowledge u have put forth there.

1. Engaging the wonders in value of Coys and not price
2. understanding the mystery of circles in history of Stock market
3. Demystifying the perverse human nature
4.Fear Get lost (Don't let that reality spook you.
5. Unveiling the Untapped potential in Nigeria.
6. Impossible is nothing (FBHN) *
7. God is all u need to have u needs met.

That was the Recap of your post. Good one

The guy has been around for a while but on a coded level. At first, I was angry at the long post but later started enjoying it. I had to visit his profile page...which I don't usually do (I hardly even check mine). Nice one @Cyriacusifeco.

Meanwhile, @ALL...
I had a dream last night that NSE delisted a banking stock. According to the dream, investors were officially warned to exercise caution in trading the stock before it was finally delisted. This is the second time I have dreamt about our stock market since this bear started, and since I became an investor...lol. Nothing wey dis bear no go turn man into. Abeg Oga Chibuking & partners, make una wake me up when ASI don reach 20,000.

me3000:
is any brother or sister in the house dealing with partnership investment? I can not believe the stockbroker running with my more than 8 million naira value of shares at this present time

me3000:
can anyone advice me on what to do?

If I understood your post correctly, you have a portfolio worth N8 million Naira which is supposedly managed by your stockbrokers, partnership investment, and they have disappeared with your investment. If this is correct then you should contact SEC:

Securities and Exchange Commission Nigeria
Head Office Phone: +234 (0) 94621168
Email: sec@sec.gov.ng

Coolcash1:
Guys, which level nah...I post comment about Nestle nobody respond...e no good o...

The question be say, why the bears no feast on the stock...seriously waiting on the sideline

The stock is a good stock, illiquid and very expensive. Such stock will usually survive best during market downturns.

^^^^ SCAM ALERT!