LandingistForum:

WES don't evaluate exemption without exam.
ACA would exempt you from applied knowledge and skills.
If you need to add a second certificate, you'll have to forfeit your exemption and sit the applied knowledge level exam (f1-f3). This can be evaluated by WES to give you a second certificate.

Good luck!

talk2me2:
People should learn to do there due diligence instead of blaming others for their failure

Frangel:
OANDO Plc
Impressive 2021 financials. Not out of the woods yet.

The Notes to the accounts are important. Kindly review the Notes, especially Note 50 on Going Concern.

For the minority shareholders projecting to defeat the delisting plan, the court requires 3/4th votes to approve it. Significant shareholders already control 74% and will determine the outcome.

Just my observations.

PETERiCHY:


If WHAT you BOUGHT @circa #5 eventually gets to circa #15 within a period of 2months

WON'T YOU TAKE PROFIT and watch out for the next line of action or do you think stock prices goes in straight line

ednut1:
90% chance of rejection, more people have been rejected that accepted using this ICAN Aca stuff. Which pnp did your friend do He likely qualified with only his bsc for the pnp and at federal level the 600 points took him to the promised land.

Allboiz:


He was too busy to do all the stress of converting the money then. He's now very happy that he didn't convert the money

Allboiz:
A friend needs an advice...

He has 30k usd invested. He gets 5% annually as interest in usd...
5% interest on 30,000 annually is 1500usd
1500 * 740 = 1,110,000 in naira

He then noticed that if he had converted the money to naira, his interest would have been much better because the interest on naira is around 10% - 14%...
30000 * 740 = 22,200,000
10% interest on 22,200,000 annually is 2,220,000

Now, he's contemplating on whether to convert his money to naira for fast growth or leave it in usd. And at the same time, he is scared of naira devaluation. Anyone?

yMcy56:

Surprised all those commenting on OANDO were only posting to laugh those in the bus but not proferring any solution to them........What a forum!!

Bros, as it is, don't sell your OANDO at loss, most of those laughing and making "I told you so" posts already benefitted from this stock and you know their next target? To use mouth to batter it so much and create fear in the mind of holders so the price could go down so low, then, the next posts you shall be seeing is " I already jumped inside the bus again, we will ride it to so and so price".

Never trust the intentions of some of the people on this forum!! Someone once mentioned that no one have the interest of another at heart here .......but I'll say, very very few still have the interest of others at heart.

As it is, OANDO is not disappearing from NGX!!
Let's even say it goes back to N6, there's a way you could go about it and come out without loss, especially if you still have spare funds.........and if you don't have spare funds, just be patient ....it may require time but there'll be a way out of it.

None of those posting knows what the next line of action will be on the stock, most of the posts are assumptions.

This is my opinion on it.

PETERiCHY:



BELIEVE it or not OANDO is a MONEY SPINNER.
For THOSE that missed the first WAVE wait to join the 2nd WAVE @sub #7.

BARGAIN HUNTERS TAKE NOTE!

BullBearMkt:

...no, it has nothing to do with delisting

Frangel:


Oga abeg rest joor. You don mention me two times dis early mormor for sontin wen dem write for paper. See the word ORDER for dat doc wen I post. Read!

Nex tin you go say I dey lie or spread rumours or even ask weda I don hear corporate restructuring before.
You be lawyer?
😁

yMcy56:

Thanks boss for the clarification.

mikeapollo:


The cross petition filed by Oando and the Court's order for a Scheme of Arrangement do not take away the right of the minority shareholders to vote and decide whether to accept or reject the action of the 14 shareholders.
The minority shareholders will still vote at the EGM to decide the fate of the 14 litigant shareholders before anything else can happen.

austinkenneth:
.

mikeapollo:


This is clearly stated in the last paragraph:

Today, OODP has a shareholding of 57.37% in Oando PLC and the above-mentioned minority
shareholders 42.63% shareholding. This action precipitated by the petition from certain Oando
minority shareholders, if approved by all the minority shareholders at the court-ordered meeting
will result in a voluntary delisting of the Company’s shareholding on the NGX in accordance with
its guidelines for delisting of securities .

Frangel:


Correct.

But before that, this:

https://doclib.ngxgroup.com/Financial_NewsDocs/36201_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_JUNE_2022.pdf

vacanci:


people are buying.

It means if you throw in your bid at the lowest offer amount, it gets cleared instantly.

Try and bid for OANDO at 11.85 and see if you will not buy instantly

sterlingD:

Full offer(s) and no single bid😥

Kebson:
From full bid to full offer.. This life eehn OANDO !!!

PETERiCHY:


We made the above post precisely on July 17th when OANDO was trading @ circa#5

Now OANDO is available @#15.80k
Another opportunity for those that missed the bus to join the moving train and enjoy the SUPER JOLLY RIDE else una go explain tire without evidence

BARGAIN HUNTERS TAKE NOTE!

yMcy56:
OANDO
Currently trading btw 15.85/16.....

Orinechi:
What is Naira Marley's offence?

onegentleguy:


Even the answers to some of the puzzle we seek is steering at us in this post you've quoted, just that some persons haven't managed to read btw the lines to comprehend matters.

Let me help out with a hint;
This isn't the 1st time the auditors of the coy is issuing a red flag (OANDO has had WC constrain for sometime), but this is the 1st time the auditors have highlighted the progress made including a would-be solution that can reverse the recent trend and possibly set the company on a trajectory of profitability and sustainable growth.
And what's that? Debt restructuring and a follow-up deleveraging! ...which is something the company has already begun. (am sure you read that from the NTS)

Everyone knows I also use to have a strong reservation about the company in the past.
I remember advising folks to immediately exit their holding at the time the coy was trading for N41+. (was practically screaming at the time)
Time and again, I also highlighted these red flags and more.

Hear this; the simple explanation to the history of OANDO's problem is that of FUNDING MISMATCH... which led to working capital challenges and increased their debt burden. (ref: galloping EFIR but decelerating CCC/CGPR)
For a lack of commensurate earnings drive (NIS was often in the negative), those challenges exacerbated, especially because the banks, at the time, refuted the idea of debt restructuring to give their LB a new face lift.

Things are starting to change now. This change will most likely "build a new foundation and birth a measurable but positive trajectory" for the company.
There's a reason the banks are now queuing up to help with the much needed restructuring. Why? Well 1st off, is the thing about top-down approach to value investing. (which I'll advice some persons to go read up)
The banks know this and they know "peace".

A restructuring implies that a part of current and subsequent earnings can now be utilized for other company-related matters aside interest expense (ref: >> NIS, CGPM, JPBG etc), and in time improved AsQ/AsY.

Am not sure some of us understand what's playing out in OANDO at the moment.
I'll suggest you dig up some of my previous post on the coy, see the concerns I raised then and compare it to some of the items I mentioned of recent.

There are lots I could say but I really don't have that much time.
I just hope we don't lament missing out on the opportunity of talking a position in the coy in the course of time.
As I stated before; OANDO can get to btw N20-25 before our very eyes. Of course the uptrend will not be a straight one, there will be 'bumps' in pricing respecting technicals, but with OANDO, prospect is currently looking up.

It's a mid-term play!

Selah

mikeapollo:


I don't know the date yet. But the court case is around October 10, 2023. That is what will determine further direction / action in the matter.
I have a feeling that the shareholders would discontinue and withdraw the case, and we go back to status quo ante .

mikeapollo:


A lot of people don't really understand the whole story. But as typical Nigerians, they are just quick to form conspiracy theories especially if one big rich man or politician is involved e.g."Tinubu" .
I am not a fan of Tinubu, but the buyout was instigated by SOME (not all) minority shareholders who were tired of the long wait for Oando's fortunes to turnaround. And Oando is mandated to respond with an offer based on CAMA/SEC regulations. So they offered a conservative N7.07 according to the law i.e. a minimum price not below the average price on the NSE over 6 months prior to the court case.
That N7.07 offer is dead and buried because it will be rejected 100 percent!
Just waiting for the court-ordered AGM and the FY2022 results !

Streetinvestor2:
Oga you get time.My target is for oando to reach #20 before the Agm.So I call see the batch I bought long time ago at#18.i can't buy oando above the delisting price.No minority share holder can stop wale if he is bent on delisting at 7 plus.You no see plenty Monkey Hunting dey for oando matter. Go check my old post I called oando out long before all this Hunting. But I still said my buying price was #5.50 then as max.which yeye minority share holders wan stop wale if he says this is the end.Have the minority shareholders been able to stop him from carrying out any decisions in the past.

He striped oando of all the assets in the pass and no one could cough na now his big bro dey incharge you wan make noise...you wan collect .

iammolise:
I mean, does it make Sense

yMcy56:

Again it depends.........
If you lock your Order in for, let's say 7 days, it will remain there if you don't cancel it.......but it may no longer be visible on the table once the +/-10% daily up/down limit has passed the price junction.

Once it comes around the price again, you'll see it.......provided the 7days has not elapsed..... Except you cancel the Order by yourself.

Hope my explanation is understandable self. Don't mind me, na night school I go.

yMcy56:

It depends on the brokerage house you're using.........if they allow Order to stay for execution for more than a day.

If it's Morgan Capital anyway, you'll have to make fresh Order the next day..........because the Order you placed today will expire by close of biz/market for each day.