₦airaland Forum

mikeapollo:
Your clueless and grossly incompetent president should cut down on the size of his bloated cabinet and appointees to save costs, streamline expenditure to avoid or miinimse deficits .There was no need for the extravagant life style e.g. purchase of new aircraft .
This is a clueless govt that implements bad macro economics policies like reckless floating of the currency, high interest rates which lead to high inflation and high cost of living but turns around and expects state governors who are not managers of the macro economy to solve the problems through palliatives and blames them for the hunger of the people.
There is no sensible, import dependent, developing nation that floats it's currency and allows it to be at the mercy of the so called " free market forces" . What sensible govts do is to manage the exchange rate to ensure that the local industries remain competitive and are not overly disadvantaged.

Brilliant. 2027 is around the corner. Go for it.

Agbalowomeri:
Baba sorry
You really dey vex o
E go better

No be everybody get the grace of calming down 🤣

designking:
Oando heading to the ₦50+ zoom. We might see the ₦50+ zoom by tomorrow. There is something the big investors are seeing we are not seeing.

The selloff continues amid a possible bonus....

That should be the golden opportunity to add to your existing 200k units 🤣

essentialone1:
20 WORST PERFORMING STOCKS FOR YEAR 2024

1. MULTIVERSE: (has lost 77.47%)
2. DANGSUGAR (has lost 43.48%)
3. NASCON (has lost 40.00%)
4. DAARCOMM (has lost 37.37%)
5. MTNN (has lost 33.52%)
6. UPDCREIT (has lost30.00%)
7. CILEASING (has lost 24.66%)
8. THOMASWY (has lost 21.81%)
9. NB (has lost 21.62%)
10. PZ (has lost 20.69%)
11. NESTLE (has lost 20.45%)
12. CWG (has lost 20.35%)
13. FIDSON (has lost 17.14%)
14. NSLTECH (has lost 16.22%)
15. UNITYBANK (has lost 15.17%)
16. NPFMCRFBK (has lost 14.95%)
17. TRIPPLEG (has lost 13.02%)
18. NNFM (has lost 11.98%)
19. TOURIST (has lost 11.97%)
20. CHELLARAM (has lost 10.84%)

How many of them do you presently have in your portfolio?

This is my veritable hunting ground for 2025, particularly the top 3

GeeKudi:
I don’t know if there was another meeting where the issue of cash was discussed, but at the AGM which I followed online, there was no discussion whatsoever if shareholders would prefer money to the anticipated shares.
The phrase “or cash equivalent” was mentioned by the attendee who raised the amendment to the initial motion and the motioned was adopted.
From my understanding, it was only a matter of framing a legal sentence when the mover said “the distributed shares or its cash equivalent”. I don’t think this should bother anyone at all as to form a topic here.

And in any case, if there is the concern that the board of directors may want to exploit this phrased as contained in the resolution to pay cash in lieu of the anticipated shares, where would they get the money from? And, who will inherit the retrieved shares if this is done?

Have you guys forgotten that the shares are being retrieved as payment from a debtor shareholder who couldn’t settle his debt with cash? Or, have we forgotten that OANDO itself is under some massive debts? If they have the cash to dash out so freely, why wouldn’t they use the money to at least settle part of the debt.

Cash settlement is not an issue at all and I don’t know where the people raising the topic here are getting it from.

They can pay you the nominal share value of 0.50k per share 😉

Agbalowomeri:
They get paid the naira equivalent. I really don't know whether any country exist that operates a dom account system for foreign currencies?

Dom accounts are an anomaly sincerely

Some years back, when I started working with an IMTO, we were all receiving our salaries in GBP until the onset of fx crisis when the company started paying us in Naira. I have no idea how they do it nowadays.

KarlTom:
Perfect for JiJo

They provide liquidity to jijoists🤣

After spending many years in the market, many are still not able to understand psychology of the market. Majority of investors will still repeat the same behavioural pattern in every similar situation. This will explain why investors expecting oando to gain 10% this morning can make a 360 degree turn to expect the same oando to lose approximately 40% of its SP less than a mere 6 hrs after.

designking:
Aradel and Seplat are sweet. These two oil Corporation will make Nigeria proud.

Oando is all noise and paparazzi with no movement at all.

Please when is oando likely to reach N45.00? Help a brother in need 🙏

designking:
Wale style of leadership is the singular reason Oando is still in a messy state.

Oando might struggle for a while before any meaningful progress can be seen.

Massively dumping of the Oando stock is ongoing and might continue till Friday. [/b]Oando may touch ₦45 with this renewed selloff[b]

This will represent the golden opportunity of a generation.

sterlingD:
Oando don drop

OANDO Q 3 2024


https://doclib.ngxgroup.com/Financial_NewsDocs/42713_OANDO_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_DECEMBER_2024.pdf

Sleepless night go plenty this night 😂

Streetinvestor2:
For now na dogoyaro Farm till we begin see palm oil from the farm
This your bargain price na till infinity. It was close to #4 before and it was bargain price. You for wait till it get to #2 so that you buy majority stake at bargain price...lol

Badt somebory spotted.

KarlTom:
OandO. +0.24%
ETERNA. ±
CONOIL. +10.00%
ARADEL. +7.53%

KarlTomINDEXX

edwardaigb:
Out of Tantalizer with 60% though wanted 100% fear dey fear me. Jumped into Presco at least I can close one eye.

Patience is key 🔑

megawealth01:
We do quality no matter how long it takes

300% done and still minting

The last time it was AFC that I followed into Tantalizers but I was not Tantalized at all. This time around the story gonna be different. Tantalizers is my medium term play. By the end of 2025 I will do a reappraisal to determine if it will be worthwhile to go long 🤣

megawealth01:
My TANTALIZERS standing tall

It will PRINT

mikeapollo:
Any so called ''freedom'' without strict boundaries is what leads to destruction. That is why crime rate is much less in less democratic environments,
You cannot afford to democratize nonsense for the citizens to do anyhow!

In China or Saudi, some of the comments you make here will earn a Khashoggi.

mikeapollo:
Which tough laws does US have against criminals like smugglers or drug pushers?
Can you compare the rate of crime in China or S/Arabia with Nigeria and USA?
The harsh and deadly consequences of breaking the law in China or S/Arabia is the first deterrent in the mind of every potential law breaker.
How many S/Arabia or Chinese nationals have you heard or seen engaging in smuggling or drug trafficking in their respective countries?
There is nothing like ''idealistic view'' if a nation is very determined to eradicate criminality from their society. Our leaders don't have the balls nor the economic strength to withstand the pressure hence they crumble when some international NGOs from Europe or USA threaten them sanctions or apply some pressure on them under the guise of human rights.
President Duterte of Philippine did similar thing when he decided to wage war against drug trafficking.

My simple response is that, this thing we call FREEDOM has a steep price.

HesInMe:
With respect, these kinds of comments are infuriating. Stop pretending you have a Palantir, a God-given insight into the future bestowed only upon thee.

We need to do better as a group. We're not doing talisman investing. Tell us the investment case you see for Oando -- one that we can all analyze. Ordinarily, a company with the horrendous track record Oando has -- poor management, high indebtedness, uber-complicated financials, byzantine (I dare say, corrupt) deal making, and negative shareholder returns -- should have no prayer in this market. It's not "Wale-hate."

Please allow every mallam with his own kettle and stick with whatever works for you 🙏

GeeKudi:
If only governance is as easy as you wish.

Many see governance as a switch that can be flicked easily either on or off.

Managing stakeholders emotions, sentiments and perception is a whole lot of stress.

mikeapollo:
The smuggling persists because government officials and their businessmen friends and cronies are reluctant in doing something drastic about it e.g. promulgating a law that imposes death sentence or life imprisonment on smugglers and customers/immigration officers that aid and abet them. Once they are able to try and execute some few criminals, like they do in China, everyone else will stop or reduce the smuggling drastically

USA has tough laws and regulations against narco, accompanied by aggressive enforcement, has this stop the trade?

Has the execution by China stopped criminality in the country? Why was the Buhari decree that prescribed death penalty for drugs peddling later scrapped?

It is one thing to have an idealistic views about something and the workability in emotionally conflicting human environment is an entirely different thing

The end of a long analysis paralysis on Oando signifies the onset of a parabola.

yMcy56:
[/b]If I knew EUNISELL will respond on time like this, I would have been well seated before the bus moved......[b]
Of course I saw when one person came to clear the offers at N2.91.....
After sometimes with no activities and bids not filled for more days due to illiquidity, I just carry face commot from there. I mentioned it to 2 pple.
If to say it was mentioned here, you for don possibly say i don bring another monkey come. 😊

** Not any advice to buy at current price again, it's already high in my opinion**
It's well.

I stopped chasing after being on queue for so many days without getting to buy because of it's liquidity. The 20,000 units I managed to get before giving up has already crossed the 100% mark.

It is now all eyes on the daily volume.

Raider76:
What's Proshare's own with OANDO? Everyone is saying that the delisting issue is dead. But they are digging up old interviews with minority shareholders and saying the issue is still alive.

You also saw how Proshare tweak and polish old stories to look new? That should tell you there's an agenda to it and Proshare has a dog or is being used by other dogs in the fight.

I will sit tight and follow the season film titled "Oando"

It showed up in the market again today with the usual miserable volume (149,263) in 7 deals and left with the usual gain (9.92%).

What's cooking here? What's the destination?

NB: This is Elephant Hunting

Bbbwings:
Anybody knows why UACN is gifting her employees shares.

No free lunch anywhere, even in Freetown.

nosa2:
V shaped reversals are very rare. Only time I think I have seen it was in the US market during the pandemic.

There will be consolidation at the bottom

I am in alignment with your position but the psychological profile of every investor ain't the same and that's why I refrain from such Catch 22 situations.

nosa2:
Haha!! In as much as this is a competitive sport; once in a while it is ok to help someone from making an obvious mistake. This is especially true when one has no skin in the game either way of their decision.

If he listens to your advice and he stopped buying but the stock starts reversing, how matter go be?

nosa2:
Keep your money. Presco makes sense. It's been ranging for a while now and it's not likely to fall further. As for Aradel, nobody knows where market will call a bottom. You can enter now and it falls below 100. Just be patient

"Every mallam with his own kettle" apology to KarlT

[quote author=bolton08 post=132729021]News are coming for Aradel...

1. Divestment of 1.3billion dollar shell on shore assets by renaissance consortium which comprises Aradel

2. PMS train in Aradel refinery is posed to be commissioned

These are fact you can verify

Why would anyone be hunting monkeys when the elephant is there for the taking? Gwo gwo gwo ngwo ...

GeeKudi:
Result couldn't help, Interim Dividend couldn't help, unless there is a major big news to drive sentiment in favour of the stock, [/b]the real fall[b] of Aradel still dey do press up.

That should provide an opportunity to those committed to loading the dip.

designking:
It is fun catching a falling knife with a full iron shield.

More rewarding picking a fallen knife 🔪 though with less razzmatazz