₦airaland Forum

9free:
I like the bolded especially madam BIG as Oga Hispy no go allow any man near Mercy during the event.

myjoy084:
And you will invite BNSITLs' for all Isi-ewu night on Christmas day

9free:
Abeg no increase work for dem biko o. Make dem forget her two brothers for now and concentrate on FBNH, later(when FBNH don reach like N10.00) dem fit go back carry them along.
I don dey think whow person go take use Guinea-fowl for Xmas but with the war-chest these guys wan take enter market so, I don upgrade am to Tolotolo

angelo82:
These are people holding their cash but now they perceive too much money will hit the economy and they are now ready to take position when is already late...........But the volume of their money can dictate the direction of the stock.........Alot of money is pursuing the stock at 5Naira price.............

angelo82:
I don't think is the fault of FBNH...............Late buyers are delaying the movement.................

bigass:
Stocks will go down. Stocks will go down.

This never do well that you wont see when the stocks are down well. Their blood only get hot when stocks are doing badly. Is it your father's money im investing?
To hell with you and your postulations. This month I have invested 2 million by December I add another 2.5million.
Do me a favour go and hug a transformer. Bigass said so.

angelo82:
Probably...........Market may wake itself for a week.............

angelo82:
Our market just refuse to move even though Brent is currently 45+......................

9free:
Can BNSITL help us move FBHN to N10? Na Turkey for Xmas I go use the gains buy

dadem:
Yay!!!! Finally I can pass comment on this thread. I don wait tire. Haba!!!

Anyway, its great to be here...now let me quickly dolt out my own 'tubum tubum' analysis

My take on the Oando right issue is that it has a positive and a negative side to it (obviously).

On the positive side, the company can easily settle the debt it has inqured in acquiring the COP assets. The last time I checked, the debt stands at about $500m, so with $402m raised from the Rights and the divestment of the Power and Gas business, the debt can be significantly reduced.

The negative part of the Rights will be the massive OS. I think with the Rights, Oando's OS will be about 40billion. That will be the highest in the Oil and Gas sector and probably the highest on the bourse. So Oando shareholders shouldn't be expecting any N1 dividend any time soon. As long as crude oil price continues to trade downwards, and assuming Oando finally returns to profitability, my guess is that the highest dividend Oando will be able to give will be between 10-15kobo....However, If there's a major rebound in crude oil price, I think they will be able to afford giving a significant higher dividend...a company like FBNH has about 35billion OS yet gives over N1 dividend yearly....with crude price trading between 80-100, I'll want to think Oando can rake in considerable more profit that the Elephant. (A cynical mindset will think, fbnh care about their shareholders, Oando does not give a hoot- I concur. So potential investors, should be wary of that). Another downside of the Right issue is the possibility of a reconstruction later in future...one can't rule that out...but I don't see that happening soon. Maybe in two or three years when the company has start announcing profits and investor confidence has returned. Then they'll shock us all with a reconstruction announcement. . Then PeterRichy will come out with "the Octopus told you so" and Born2berich with the "JokeOfTheYear" has done it again

Anywayz, in myjoy's voice #It Is Well . Its nice to meet you guys, I hope I enjoy being here. #peace

angelo82:
Time to make millions then..................

angelo82:
What happened to FBNH?..............Just closed with +42 at the last minute..............

angelo82:
Kemi Adeosun is your finance minister..................