₦airaland Forum

securi: Dat's exactly my thought, Unity bank for that matter!

Toluway: How short human memory can be! How often can human emotions be blown hither and thither by the wind of time!! It is hard to believe that human emotions can run this riot because of a single day of bear!!! Why do we forget so soon that this same Oando took off from #15 in less than two months ago to hit #32, thereby yielding investors more than 100% returns on their Investment !!!! Naturally we want this loot to continue for ever. To have peace in Stock Trading, the right mentality is needful, namely, do your due diligence, buy a stock, leave the rest for mister market and go to sleep. Finally, don't forget to diversify. Wait and see what Oando can offer. Go and sleep. It is well.

Dexterax: 2. I've actually typed this before; the yearnings and timing of minority investors can be out of sync with that of the business owners (also known as the "Cowboys" ). When this is the case, chaos usually lies only in the camp of the minority. Unfortunately.

SWG1: chai chai chai!! All yea of little faith, If Wale Tinubu stood against all the odds for moths, why would you not tarry for few days.

#The just shall live by faith, If your not, better port to sky bank (laggard of the yr )

stokfrick: guy, this stock matter nobi beans oh. the tin don tire me. i been no dey 4 ds bus oh. unlike my usual self, i follow people wen first hear d news na him i say make i just enter with 40% of my portfolio. if to say person no dey inside now na so the tin go dey fly like wintch. oluwe na omume now, ogbotoa. na so every body wen de smn go dey claim fake analysts. de talk nonsense. wen d chips are down dem go dey chop d shit wen dem don analyse and d stock go dey busy dey do wtin dey 4 im mind. wen d stock mis-behave, dem go find a different xplanation give am. the simple rule wen i don finally se 4 dis tin be say find strong stock wen dey liquid(liquidity depends on the amount u r buying), buy low. sell at a non greedy target.shikenah!

lancee: Too much analysts
oando no go get ministerial approval cos of wale Tinubu related to APC Tinubu
After ministerial approval , now Oando no get money to finalize the deal thats was why they kept postponing
After the deal again , dem Analysist don start , it will take 20 year for them to start OML , ABC , WYZ etc
Now Oando no get money to start and they re in DEBT
i taya oo , everybody just dey Analyse anything !!!!
I no no how WT self dey sleep

Dragonking: CUSTODYINS Declares 6k Interim Dividend per Share.

^^^This one na better stock unlike some useless company that knows how to make noise from morning till night yet nothing to show for it..Useless people.

Oga b2Br you are right jare by tagging oando #jokeoftheyear

mpi210: Oga ambitiousr...sorry myjoy08

Digest this for you to understand that the journey for Oando just started.

Oando hold 20% (non operated interest) in the onshore asset. Based on 2013 and 2014 half year production, Oando share will be about 10kbopd (got the ones in bold from SMN)
(i.e 20% of the estimated 50,000bopd that has been making people are lick their lips). When you add gas and condensate you have about 37kboepd. Obvious the bulk is from gas which is 'less profitable' than oil.

For the offshore, OML 131 is gas and there is no gas terms. So nothing will happen there in the foreseable future. With Oando having 95% interest and also the operator, I dont see them doing anything with this block, they would rather develop OPL 214 now OML 145.

For the OPL 214 (now OML 145), this is a potentially prolific block. However, nothing on ground to show that there will be oil production in the next 10years! No FDP as far as I know. Even if they decide to develop this field, please research how much it cost to develop Bonga, Erha, Akpo, Agbami, Usan and most recently Egina....It's not beans.

jamace: If EVERYBODY is buying OANDO then WHO is selling the OANDO that EVERYBODY is buying? This monkey business na wa o!!

Born2berich: That is why it is called #jokeoftheyear

Dragonking: I tire for this oando wahala..Ministerial approval came e rally small, now they sealed the deal e no still rally..Abi dem swear for oando?

4dchairman: 7 days dry fasting for all stakeholders to seek the face of the Lord.

Born2berich: Hello House, this info will be very useful:

On the issue of Ebola Virus that was brought into Nigeria last week, suspected cases should be reported via this contacts 08023169485, 08055281442, 08033086660.

Born2berich: As for me i have been mopping this stock when it fell around N24.99 till date. (Atleast it is close to my junction and yes i bought more today)
Will still buy more when it comes nearer to my junction( My cutlass is very long)

Michael11stock: oh Vgirl u very welcome sweety, my friends like Aks, Stockbull, dragonking, imannuelo, uboma, dexterax,9free, still counting sometimes call me Pboy also

4dchairman: Please,we need closing figures.

Born2berich: Luckily for me i was able to sell later although i didnt even know it went through until i got an X-trade alert

evilspirit: For those intending to buy. Exercise some patience. The blood will get bloodier.

Dexterax: But the bolded is true naa?

myjoy08: I thought they should have guess my name on SMN when i posted the news of ministerial approval consent on Oando-COP deal (At the same time). But no one figure it out then....HAHAHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA. I might do the same thing in few days when they officially announced the completion of the Oando-

Mpeace: It would not lead to increase in outstanding shares. It is called ''arrangement and compromise'' or in extreme cases,''takeover'' in corporate law. In this case, I suspect its a takeover ie Oando is now the new owner of OER. They simply bought it with the loan they gave to OER. It doesn't add to outstanding shares but simply increases the value(ie share to asset) of each share.

austinibe7777: my brother we are talking facts and figures here. whether pro-oando or anti oando just keep it aside. try to study the difference between OER and Oando plc. Oando plc is not traded in canada. wale is not the MD/CEO of OER. am not really a good teach to explain this well. oando plc shares are different from OER shares. OER is one of the companies that will greatly increase the bottom line of oando plc. eg transcorp is one of the companies that will great;y increase the bottom line of heirs holdings ltd

austinibe7777: the creditors of OER are oando plc, local and international banks. local and int banks have provided about US$800 MILLION towards a deal of US$1.65B while oer and oando plc provided the rest which is almost 50:50 debt equity ratio. majority of the equity provided by oer was loan from oando plc which oando plc converted to equity. Now tell me after the deal, is it the loan from the banks that will be converted to equity? No. that is why oando plc will raise N50B via right to reduce the bank debt and to raise this N50B after cop, do u think they will sell more than 2Billion shares?

myjoy08: Sincerely, i think the issue of Oando's doing share reconstruction is out of the way. There is no reasons or immediate reasons attached to it. A company with less than 9 billion outstanding shares with many upside potentials and assets acquisition compare to other company of its caliber. I will suggest will move to a very lucrative topics. God bless!

Mpeace: Why should Oando even consider reconstruction? They might have alot of outstanding shares but its nowhere near those of Transcorp, and most of our banks, Yet none of them is talking of reconstruction. In any case, I think any post-cop reconstruction of oando shares would have a positive effect on its share price. Reconstruction of a company's shares is not always a bad thing, provided the company has good prospects, in which case there would always be lesser offer at the floor of NSE than in pre-reconstruction era. Most people don't really know the actual implication of the COP purchase in terms of annual profit. My only fear is with transcorp and elections. I know alot of our politicians have huge stakes in this company and might sell to finance election primaries. My fear is not whether but when to buy more of transcorp. If I were sure of an election induced fall in price, I would wait for that fall. If not its to buy before their oil stuff starts.

Dexterax: @evilspirit...

This your silence is discomforting. Say sth naa...

Aks: Why are investors not interested in SKYE bank shares? It seems there has been persistent SELL DOWN since 2 months ago now. #justasking - no stake in the stock

austinibe7777: You are far from the truth my brother. Oando Plc is different from OER. The total outstanding shares of Oando Plc is not more than [b]8.87Billion[/b]which are traded in NSE and JSE. It is the debt that OER is owing to Oando Plc that was converted to equity. That has nothing to do with increasing the outstanding shares of Oando Plc.

austinibe7777: You are far from the truth my brother. Oando Plc is different from OER. The total outstanding shares of Oando Plc is not more than 8.87Billion which are traded in NSE and JSE. It is the debt that OER is owing to Oando Plc that was converted to equity. That has nothing to do with increasing the outstanding shares of Oando Plc.