₦airaland Forum

The result is expected to be fantastic just as with their last financial report. If they do a good dividend, then, upward is the only direction. I'm in some green percentage already but don't want to buy at the current price.

Sunrisepebble:
My entry was also quite high and im looking to add more. N44 was a gift. Not sure whether I should bite the bullet here to add more before results

You're right and that would be great.
However, I really hope to see the price pull back a bit so I could bring down my cost price. I rushed in too fast after the reconstruction.

Sunrisepebble:
Which was a 20% payout ratio. If they maintain the same on the FY EPS with the share reconstruction taken into account this year. It could be between N1-2

That would be a surprise. Before the reconstruction, quater dividend was N0.15, same thing with AFRIPRUD. Tony's companies seem to fancy capital appreciation over dividend. Q3 for UBA was the only exception and there was an obvious reason for that.

Sunrisepebble:
I think they can pay out close to N2

Hold it tight if you have it.

Sometimes in October last year when I did a personal review of the stock, I placed it on my watchlist at an entry price of 8.95. Unfortunately, the day I saw it at that price, I didn't have money to pick it. That same day, it did a 10% on that CP and it never looked back since then. I was only able to pick at 15 and I already have 60% on it.
I strongly believe there is something cooking.

jckgroup1:
What is really driving up the market price of Afriprud?

TRANSCORP will also likely pay less than N1 which may discourage people from holding the stocks and bring the price back to the range those of us who want to buy more have been waiting for. The goal is capital appreciation over the course of the year.

Mpeace:
Geregu with dividend of N8.5
No difference from transcorp power that is paying N3.50 when you consider their share prices.
Na wa oh

Isn't that what is responsible for the latest rally already.

KarlTom:
You mean the completion of the GOPDC deal won't affect the price?

Personally, I foresee circa 30% uptick after the deal is sealed regardless of dividend...

The stock isn’t going to have any meaningful appreciation without a dividend that is commensurate with the price.

Sunrisepebble:
Do you think it would affect the price that much ?
To be fair I think Okomu is only at this it’s current price because of the 2 or 3 dividends they’ve paid this year

Sold part of my holding to put into another stock because of this. I will get back in much later. I may be wrong but I couldn't wait the potential opportunity cost.

Good day, everone.

Mpeace:
Presco, don't you think their recent acquistion may affect their ability to pay good dividend?

lol. You sure know what you’re doing. There is no time for some needless forth and back. I expect you should be too busy for that. Good luck, bro.

ositadima1:
Now you’re stretching my post beyond its intended meaning. I never said that "nothing should matter", implying that you could come here and market drugs or traffic children?

It would have made more sense if you had added to the post instead of twisting its meaning. If you’re going to come at me, provide evidence—otherwise...

With your level of understanding, I expected you to know that my admonition was not specifically directed at you alone but a general one at everyone.
You alluded to NL being a faceless public forum where, practically, nothing matters and I added that in spite of this, as people who would not come off as social misfits, we should understand the importance of decorum in our social engagements even on such a platform as this.

ositadima1:
Show me where I’ve ever used derogatory words—I can’t even remember the last time I used a negative word. If you misconstrue my words, that’s a different matter. Perhaps you don’t like being challenged, but how is that my fault? Maybe you’re just used to being surrounded by “yes sir” people outside.

….but we can all be civil here and accord each other mutual respect. Don’t come at people for their opinion. Learn to disagree graciously. Stop using derogatory words on people and avoid mockery.

This shouldn’t be difficult for anyone with minimal home training to do!

ositadima1:
The funny thing is that Nairaland is a faceless forum. Your billions, whether real or imaginary, don’t define you here. Unless Nairaland starts offering merchandise you can buy to showcase your social status outside the forum, we are all the same here. In fact, your value is measured solely by the quality of your contributions. Even if you own the entirety of Lekki Phase 1 and 2, it’s irrelevant here. Know this, and find peace.

Even OANDO itself hasn't said anything about it.
I was going to take it as fake news until I saw it on the official page of the ANPG.

It's suppose to be a big news, isn't it?

mikeapollo:
I wonder why Nigeria media houses are relatively quiet/silent on the Angola oil bloc

We have seen a number of participants/analysts/insider staying away from this platform or turning to guest mode as a result of similar attitudes.

KarlTom:
I find it hilarious that you even think in that line...

Stalking? To what end?

KarlTom:

I hope it is not fake news. It is nowhwere on OANDO's website and no other media house has repoted it except this particular one.

megawealth01:
https://africaoilgasreport.com/2025/01/farm-in-farm-out/oando-wins-the-angolan-bid-round-for-kwanza-basin-block-kon-13/

Oando Wins the Angolan Bid Round for Kwanza Basin Block KON 13

They are not new shares but existing shares of the company.

Are they going to crash price so that they can be able to buy back the shares? It doesn't seem practicable at all.

Bagwa:
Issuing more shares dilutes value

Except if the Angola oil block info turns out to be fake news.

megawealth01:
Money on my mind

I don't see anything stopping it now.

megawealth01:
WAle the gamer

Anything to move Oando to eldorado

AGM date as qualification date for the share redistribution is already done away with as per the resolution of the AGM.

Raider76:
So will the qualification date remain the AGM date?

It seems practically impossible for this to happen.

Would the company be paying for those shares as a form of shares buy back?
If they have all that money, why would they be talking of raising capital to settle debts and to run the company?

Sunrisepebble:
May God truly help Wale.
Why is this a better idea than the Share distribution, why are they walking back on it

Where will the money come from? What will then happen to those shares? Who takes them?

Bagwa:
Oando may pay cash equivalent to share to disturbe 😁

Of course, it's OANDO! It's time for NSEMPA to start looking for what is not lost.

KarlTom:
Without being sentimental, I disagree with your perspective.

From the article, it's stated that the qualifications for operator status are financial&technical capacity.

As shareholders of OandO, we have no idea of the true state of the organization's financial standing.

So there is a high possibility that the presidential phones in Aso Villa and Palácio da Cidade Alta had a recent deal-clinching connection

For context, read this article:
https://thenationonlineng.net/how-joao-lourenco-makes-angola-dependent-on-west-through-questionable-schemes/

This should be loud. Maybe we can get more info on the block and what it brings to OANDO with the passage of time.

Sunrisepebble:
Some Oando News
“Oando wins Angola bid round for Kwanza Basin Block”

https://africaoilgasreport.com/2025/01/farm-in-farm-out/oando-wins-the-angolan-bid-round-for-kwanza-basin-block-kon-13/

There seems to be a well coordinated strategy by some group (maybe a whatsapp group somewhere) to create short-lived euphoria around stocks, one at a time, for some 10 - 15% profits. Once they achieve this target in a particular stock, they abandon it and move to the next one. I really don't know but this has happened in a number of stocks this january against experts' predictictions and expectations.

Make una let the market breathe so we can see the specific direction the market would want to take in this new year, biko.

FAKE NEWS ALERT!!!!

Redoil:
any news about the court case going between oando and those people whose shares were ceased and was to be distributed

I have seen exactly these words elsewhere today on X (formerly Twitter).
Always cite your source when you take people's contents.

designking:
What many people don’t know about Otedola is that he started as a very shrewd moneylender. In one tribute Bob Dee wrote about him, he described Otedola as ruthless when it came to recovering his money. The man wouldn’t even look Uche in the eye—when it was time to collect, he’d take your car or anything of value without hesitation.

They say Ote doesn’t joke with money. If you owe,

The discontinuation of the buy out by Ocean and Oil was expressly and loudly stated and repeated more than once at the AGM. You may want to the see the youtube replay.

Streetinvestor2:
What is nice.wale is just a fraudulent person. He did not respond to important things thr.why didn't he say all this time they have received a letter for the discontinuation of the buy out.
Why is oando spending over 7B allegedly to organise party for a different company...OODP

Care to mention the first two? Must have missede them. Merci

megawealth01:
3rd PICK for the year...

CWG @$6+

DYOR

It appears that a lot of them don't even know how the market works. I think most of them will get burnt and run back to where they came from.

Youngzedd:
Portfolio Diversification

They know nothing. It's crypto money. Those guys have invaded the NGX raising the volatility of stock prices.

Sunrisepebble:
Those buying Presco at N500+ must know something we don’t.
The 100k that just moved price to 530 was not on board

The jijo people who bought day before yesterday are offloading already. Transcorp is not yet ready for the real rally we all expecting.

Health3:
Transcorp loading more passengers?

That would be nice, although, would have preferred I have more units than I currently hold.


Somebody should tell OANDO that it is being left behind.

Raider76:
I believe this is the start of the rally. It is not coming back.