₦airaland Forum

mikeapollo:
I dont get your point .
I was talking about what can lead to solving Oando's problem if it happens consistently i.e. in the future. So how do you know they will never pay dividends and wil always have negative working capital even if they make consistent, huge cash-backed profits in future?

yMcy56:
Great. Thanks.
Just wanted to know if it's posted on individual's CSCS already.

emmanuelewumi:
Cash is real but earning is an opinion.

There is usually a 70% probability that forecast will go wrong.

Uche can't just come out of his negative net asset and negative working capital by virtue of the purported increase in revenue.

In fact to harness the opportunities he will go deeper in debt.

It is not all growth that leads to profitability and it is not all profitability that creates wealth, it is not all wealth that is sustainable.

It is when the tide is over that we will know those that are swimming naked.

emmanuelewumi:
No record of free cash flow for Uche, infact he had to sell his Jeep, land and house in order to enhance liquidity yet his liabilities are more than his assets


Another major problem with him is with his working capital

He found out he could get cheaper loans from First Bank, so he got another loan from First Bank in order to settle Access Bank because those guys at Access are Badass

yMcy56:
FBNH
Full bid @31.90.....
Is the Elephant coming with special news or what?

OANDO
Bids currently more than offers..,.
I hope NSEMPAs will just allow this stock breathe and give it a break on this everyday bad belle/forth and back!
It's not the only stock in NGX, you can focus on Aradel or refinery for now.......😊

Sunrisepebble:
Time to Jijo

Omooloriredade:
I'm more concerned about his security. A quick check of his activities here shows it might be a careless act.

yMcy56:
FLOURMILL
Resumed market on full bid @54.50.......
Waiting for 100k single trade to move +10% up for today.......
FMN effect rubbing on Honeywell...

godlyguy:
Seplat is quality it does not need oando media kind of media paid jobs to sustain its quality moves

Harvestock01:
The reason why I don't venture any opinion (and I will not venture any) about Oando is that it has exhaustively been discussed in prior years. I may not be wrong to describe it as arguably the most discussed stock on this platform. It always elicit divisive responses that often degenerate.

There's enough opinions and materials out there for any one to make a decision either way.

Notwithstanding, it is not everyone that runs from the kind of risk and rewards that Oando currently present.

Whether you are a rookie, newbie or veteran, you are still the CEO of your portfolio.

Sunrisepebble:
Aradel is doing a stock split of 20x, current price is 9,350, which means if it were to list today, it will list at N467.50

Mpeace:
5days solid bull without price increase. Seplat has been on 3weeks solid bull without appreciating in price.
At 10k plus, it would be difficult to get the needed single trade volume of 100k units. That is 1billion naira single trade.

Sunrisepebble:
Aradel stock split to be done in the coming week. Share price should rally again after last two days of profit taking

godlyguy:
Warning people especially new entrants about oando I may be called any name but I won't stop at it because premium tears is real

Be wise

godlyguy:
Don't worry. You will soon learn

Be wise

godlyguy:
Don't worry you will get it at #50+ soon. Make sure you buy all available offers then

BabsO2:
OANDO jet cruising at full throttle. Now at full bid, mopping of offers taking place at N81.40 a perfect 10% on yesterday's N74.
N1b traded so far at this minute.

Mayor2024:
The management of NGX asked us to speak up against unethical practices. The busybodies of NSEMPA are busy criticizing a voice that spoke out. This was the same way we ruined this country beyond redemption. Shame on all naysayers. You can ban and unban. Bye-bye, @NSEMPA family. I'm off this page for my well-being. Big shame on the bastard moderator/s that always banned me.

Mankind2024:
I was banned since Sunday 1st September 2024.
Today, I'm sending this letter to the Management of NGX for deliberately removing the Corporate Action page.

A letter to the Management of NGX for the restoration of Dividend/Corporate Action page.

The Management
Nigerian Exchange (NGX)
NGX House, 8/10 Broad Street
Lagos
Nigeria
Dear Sir/Madam,
I am writing to express my utmost dismay, disappointment, and outrage at the removal of the Dividend Corporate Action page from the NGX website. This action is a betrayal of Nigerian retail investors, a climax of irresponsibility, and a hurtful blow to the investing community of NSEMPA

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8124

The removal of this critical page

https://ngxgroup.com/exchange/data/corporate-actions/

is unethical, uncooperative, unpatriotic,wicked, bias and unimaginable. It demonstrates a blatant disregard for the needs and rights of retail investors, who rely on this information to make informed decisions.
This action is more devastating than the removal of fuel subsidies by the federal government, as it directly affects the livelihoods of hardworking Nigerians who have invested their life savings in the stock market.

By removing this page, NGX has:

1. Deprived investors of vital information
2. Undermined transparency and accountability
3. Demonstrated disregard for investor welfare
4. Created an uneven playing field, favoring institutional investors
5. Eroded trust in the NGX and the Nigerian capital market.
6. This action is a reflection that NGX never cared for retail investors.

I demand that the NGX:

1. Immediately reinstate the Dividend Corporate Action page.
2. Provide a clear explanation for the removal.
3. Take measures to prevent similar actions in the future.
4. Engage with retail investors to address concerns and improve communication.
Failure to address this issue will lead to a loss of confidence in the NGX and the Nigerian capital market, ultimately harming the economy.

All NSEMPA members are advised to mail and bombard the NGX email by forwarding a complaint to:

contactcenter@ngxgroup.com

Mpeace:
https://www.vanguardngr.com/2024/09/lokpobiri-tasks-oando-on-100000bpd-oil-production/

This one is for oando people. The content will interest you.

Agbalowomeri:
Is it CSCS that credit bank account or the stock brokers? Not sure whether I am outdated

yMcy56:
Have you fill the DCS form and submit?
Try and do follow up.

It will take T+3 working days before CSCS will credit your bank acct.

Maybe it's for a reason....

cocolacec:
Call this number Mr Effiong 08028110508

yMcy56:
All OANDO offers @73.75 cleared!!
So who are those buying if we may ask?

Think there's more to what we can see....maybe some guys knows what we don't know yet....

gare2510:
I attempted selling my OANDO at #73.75 there were about 6million bids in front of me but it was filled immediately, is this possible?

naturalflow:
just add f on your moniker and let agba,mankind or current price just mention you or you display a portfolio of 10 million,she will see you as a POTENTIAL THREATH.

Raider76:
How do you plan the timing of your buying? Are just going to buy today or wait in case it drops further?

stcool:

How Tulumbu stole Oando from Lagosians pic.twitter.com/AuCitwzgXQ

— Dan Bello (@BelloGaladanchi) September 4, 2024

How Tulumbu stole Oando from Lagosians...

Its good to see this old story get more attention

undead:
No chairmin. Abdul-'Alim is big analiste. stody in Saude Arbiah. planty planty book head. Chart sabi, Operato profit sabi. Kai great man!!!

undead:
My collegue Abdul-'Alim say dont warry, all offer clear by tomorrow. I leave Oando at 150. I plans like 4 wife, cattle ranch and honda civik.