₦airaland Forum

OANDO will likely close at #60 today.

Streetinvestor2:
Abeg I don give up for today.No hope for green in my 3 bids for different stocks.
Oando and IB just close on green as compensation for today.

Loco you follow they cause the wahala for me..lol

This Transcorp has been giving us this hope since forever. It will definitely do well but I guess only when the movers are ready.

ositadima1:
Have you checked Transcorp? Fundamentally, ₦70 to ₦80 is possible, or even more.

Everyone does!!

Agbalowomeri:
But he was clear that he has exit plan

PharoahIII:
Suggestions pls, I need 500% min capital appreciation in 3-4 years

Oh thanks. I plan to read through the audited report over holiday weekend. It appears they have changed their initial plans for capital raise without issuing new shares.

KarlTom:
Material Uncertainty Related To Going Concern. Pg 11 AFS '24

"As stated in the note, if the planned actions including ₦360 billion equity raise are successful, it will only address 11.4% and 8.4% of the Group's projected funding gap for the year ending 31 December 2025 and 2026 respectively. Management however has additional plans to address the 88.6% and 91.6% of the projected working capital deficiency for the two years through vendor financing until such a time that profit and healthy cash flows from profitable operations will be achieved. Management is also currently making efforts to sign a binding agreement with each prospective equity provider.

[b]The Directors/majority shareholders of Oando PLC had given a Letter of Guarantee to inject additional capital through Rights issue, and Public offer in addition to commitment to convene an Extraordinary General Meeting of the shareholders to address the urgent capital requirement [/b]in line with the Provision of Section 137 of Companies and Allied Matters Act. 2020 and the Directors fiduciary responsibilities and commitment to address the financial conditions of the Company.

However, there is material uncertainty about the success and timing of the additional plans including the bond and equity raises given that the projected funding gap continues to worsen over the years..."

Before and from the outcome of the last AGM, they made it very clear that they are not coming to the market to raise funds. They mentioned bonds and similar financial instruments but not equity.

KarlTom:


They are likely going to raise funds.
Finance Cost is a cancer in the books

If I may advise, why not direct your query to the right quarter, like, address an email to Ellah and feed us with your findings, pls?

HesInMe:
Lol. Na farm address, not stock recommendation. If it is online, post the link here, like people routinely do.

WOW! Of course, there is no way that thing is not connected to a big name. The farm is massive.

USA2019:
I think that belong to the family of the late Tony Anenih, the former PDP BOT guy.

There is this blossoming palm plantation on the Ore Benin expressway. That thing is massive and it is young. You drive several minutes and you're still within its viscinity. I do not know who the owner is oo but I use that road almost every forthnight.

I expected Rotus to ask him what his target market will be. Local or export?

He obviously went for that interview to make that announcement.

He said they are in testing stage and to begin full operations in a "few weeks"

Locotrader:
Fully installed and fully in operations are two different things.

Loco is waiting for fully in operations

Ellah Oil Mill FULLY INSTALLED - CEO Ellah Lakes.

We shall see who will out do one another between him and the mecure guy

SonofElElyonRet:
Loco has "spammed" the thread with C.I. Leasing

And he keeps posting the long piece repeatedly. We have seen it already nah

Heishere:
So after the comparison, you placed Mecure above Fidson because of commercial papers? Hope people are not paying you for this recommendation?

I doubt this. The frenetic selling started only just about 5 minutes to the end of trading. i think it's just panic but we will see.

Agbalowomeri:
They have already seen it

There is this grand illusion among the Nigerian populace that Nigeria is rich. No! We are not revenue rich for our large population. It is only a pity that the ruling class has also chosen profligacy as a way of life helping to foster this illusion of wealth. With our current level of revenue generation, we cannot develop without borrowing.

Caveat: this post is not a support for the current borrowing plan. I'm not sure if the current administration is prudent enough to be the one borrowing for our development.

Mpeace:
If so, then the borrowing should have slowed down now that the subsidy is gone but the reverse is the case.

Maybe an indication that their trees are indeed fruiting?

KarlTom:
In summary:

Revenue, from sale of produce, increased from ₦18.96m in Q ending 31 January to ₦68.73m in Q ending 30 April.

Someone gave a pointer that this increase in sales revenue implies that the palms are fruiting.
All that is left for SP take off is the commencement of milling...

He owns Toyota Nigeria.

Agbalowomeri:
Where he see money

- You bought Champion after the Qualification Date (QD) of 11th May. So, you didn't qualoify for their dividend
- QD for Betaglass is June 17. If you hold till then, you'd qualify for their dividend.
- If truely you have been holding NAHCO since the date you quoted, you should have recived their dividend. I got mine. Are you sure it wasn't deposited into your account without alert. You should check and contact their registrar if indeed you didn't get it.
- Presco's QD is in July. So, you need to hold it further if you want to get their dividend.
- I'm not sure if Chams has declared dividend in recent time.

Hope these help.
[Modified] You should also fill the dividend e-mandate form online. The registrars will automatically pick your details from there for payment of dividends anytime you have them.

temi4fash:
Thank you for your response.
See below as requested

NAHCO.. 21st Jan 2025
Champion 13th May 2025
Presco 21st Jan 2025
BetaGlass 18th Dec 2024
Chams 16th Jan 2025

what are the stocks you bought and when did you buy them? Not all companies have declared dividends in recent time.

temi4fash:
Hello,

Please i need help, I have not being getting any dividends on my shares.

I bought all of them through Morgan Capital, i have sent a mail to them a couple of times but they dont respond to me?

is it that my shares is too small to be paid dividends or Did i do something wrong?

Thank you

I did oo. No result yet.

jckgroup1:
@GeeKudi try this.

This thing needs to work, mehn! I need to make some transactions on that account. This is so frustrating

GeeKudi:
I am not able to open Atlas portfolio's website since yesterday. Does anyone know what's up with them?

Ah! Is there a beef between the two? I'm on MTN network oo

KarlTom:
If you're using Glo for internet connectivity,try other networks...

I am not able to open Atlas portfolio's website since yesterday. Does anyone know what's up with them?

One is a Prophet, the other is a Forest . Chose who to follow

SonofElElyonRet:
[/quote][quote author=PuristForest post=135520489]guys brace up for oando ...perhaps to around the early 30s
ellahlakes to 5.7

ProphetUtuocha:

Watch out for Oando
Exciting development coming

The case is both sensitive and sensational. Leave Fidelity and CBN to handle the sensitivity part of it. The sensational angle is a new "cocoa tree" for media houses; they are in business for a thing like this. Your emotions is none of their concern. However, when you try to invite politics into the discussion, trust the Nigerian social space, you'd see ethinicity, religion etc strolling in to the room in a clear case of negligence by a coorporate entity.

Picky1:
Bros, you are getting it wrong!
No one is saying they should not do their jobs but they should do it well.
Let the reporters or whatever they call themselves be objective and stay on the truth especially for sensitive stories that have greater implications for the economy - quoting unknown sources is bs!
FIDELITY have handled the case with sincerity of purpose and maturity.
I come in peace!!

This is a defeatist mentality and doesn't sound right at all. When did this case start? You mean these implied "enemies" of Fidelity bank made them sell a property against existing court order? They also hipnotised Fidelity Bank to allow the case get to the Supreme Court even after admitting wrong doings at the lower courts? Why is it so difficult to stay on the material points on an issue without spinning lazy conspiracies?
If you were Sagecom "or Sagemcom", wouldn't you have done like ten thansgivings already? but you want them to just let go because you think they are being instigated?
No matter how you look at it, a case like this is a big news material for media houses anywhere in the world and they are going to milk the case dry. The good thing is that the market has a mind of its own and we just have to see how it all plays out.

Picky1:
Wish they know the implications of what they are doing - something that can devastate the whole economy!
FIDELITY is not a one man business, employs many people across the nation making money for shareholders!!
Not much is known about this Sagecom or is it Sagemcom.....how many naija employees do they have?
Naija fake news reporters/immature politicians don't think at all and it's a shame

If I remember correctly, OANDO promised to release their results latest by 30th of May?

Na wa oooo.

IamR:
Cardinal Stone is known for that. It is deliberate. I f I don't send email, I don't get paid.

What exactly is Cardinal Stone doing? They hold on to people's money and wait for them to email first before paying. i have never had to worry my head about dividend. What do they seek to achieve by putting people through unnecessary stress?

Yeah, bro. I might just do a protest email to cardinal stone today.

emmaodet:
Likewise I. Still expecting my lafarge and okomu dividends