₦airaland Forum

Mfunkynation:
I have seen it there...
So does it means it can't be traded?

Ginalex:
lol she has sold a portion . Dey play... Na because she be Jesus girl like me naim make her no carry money run

PETERiCHY:
Last week sold our NSLTECH and today we replaced it with OANDO.

NOTE! You can buy OANDO with only SPECULATIVE FUND @t circa #50 else STAY OFF the KITCHEN.

BARGAIN HUNTERS TAKE NOTE!

emmanuelewumi:
It has always been an integrated energy company.

Did you buy the public offers of 2004 and 2006?

Oando the future

Mpeace:
It is not that difficult. It is just expensive.
Letter of administration will take like 15% of the cost of the shares depending on the state.
Then you identify the particular registrar for each company and make the necessary applications and fees for confirmation of the Letter of admin.

Hamachi:
Lol! Have you done it before? The process is overong, I should go and bring all share certificates? What?

emmanuelewumi:
10% is not a good one in Nigeria.

The discount rate for Naira denominated asset is 20%


The difference between the ROIC and the discount rate of 20% multiplied by the Invested Capital will give you the Economic Value Advantage

Assuming a stock has equity of N30 billion and debt of N20 billion. The invested capital is N50 billion

If the Net Operating profit after tax is N20 billion...

The ROIC is 40%.

The economic value added or economic profit will be (40%-20%) multiplied by N50 billion

Which will give an economic profit of N10 billion.

If the ROIC is 10% for a Naira denominated asset, it will make a negative economic profit even though it made accounting profit. Thereby destroying value


Long term wealth creation ability of a stock is in the creation of Economic Value Advantage or economic profit

megawealth01:
Why didn't the Canadian court include INEC Nigeria in that ruling?

Joyful365:
Since the previous chairman of Aradel Ladi Jadesimi retired, the stock has been almost on full offer above ₦520. In fact, the total offer is above ₦4.5 billion compared to bid around ₦400 million.

Jadi has two daughters. One is the CEO of LADOL, the other is a socialite abroad.

...

emmanuelewumi:
Government should not be running a business, they should create enabling environment that will make businesses to thrive

Government will make money from taxes, levies, dues and duties

BabsO2:
Why the sales.? Why not operate them and make money.?
I think it takes corporate expertise to operate and build quality stakeholders that mint money and not lose money. My take is the sellers have concluded they ain’t got it (especially if it’s heavily tilted towards government ownership). And bet to sell the asset to someone who’s got it.

megawealth01:
Since sub $0.60k

Payunsin:
I can't trade my jaiz on Morgan capital is it on suspension?

SonofElElyonRet:
No sensitive info leaked. Market price already in N3 region

Locotrader:
After my discussions with Chams MD this morning at Whatsapp ,I have decided to pick up my right and extra shares totalling 20m shares.

If chams right will be listed at above N3 market price,it means Loco will be in another 100% in chams by then.

This is a good short term investment too.

I am considering it

GeeKudi:
Ain't disputing this at all. I'm just correcting the notion that there was some cash exchange in the retrieval of those shares. There was none as per info. The shares were forfeited by debtors who couldn't pay cash to settle their debts to OANDO and I think the debtors are even entities related to Wale (maybe I should put allegedly on this?)

Ginalex:
🥲🥲🥲... I no dey do Jijo normally. Na only for this insurance bull I say make I test am... Normally I no Sabi pursue "hot" money like that. Na why I dey avoid Ella and Oando till the numbers make sense to me

GeeKudi:
I'm not sure your assertion on the distributed shares is correct. They were retrived from company debtors, who incidentally, were also shareholders of the company in lieu of cash settlements. The shares were not paid for by OANDO.

ogoo4real:
Red Everywhere!!!

Why is JAPAULGOLD not resisting this downfall

mikeapollo:
Again, he explained that Oando experienced negative equity balance because they had to refund to a former shareholder the equivalent of over $500m, otherwise there wouldn't have been negative shareholders fund.
The shares returned (by the former shareholders) are the ones now being redistributed to exisitng shareholders.

Locotrader:
MB remember Aiico has lost the bid
You can't continue when your senior is down

ProphetUtuocha:
Oando's raise
Will be
At a price
Far, far higher than 50
That will make
It's current price
A huge bargain!

Locotrader:
Aiico the barometer of penny insurance stocks is going down.
The liquidity is no more.
Once these bids disappear,it goes back to opening price.

Insurance has tried.
At least they are now good for Jijo.
We have more money to make

megawealth01:
You lawyers are smart with words

Just that Wale is doing the job of a cowboi and the law at the same time