₦airaland Forum

currentprice:
buyer you mean ?

bigass:
Do you all think people will sell their oando tmrw?

YerYer:
Why don't you guys buy U.S stocks? At least you know your investments are safe.

735i:
Pay more attention to rise in impairments when the Q3 results are released.
Atlantic Energy's boss was picked up a day after D.Allison was arrested in the U.K

FBNH and Skye presently have over $400 million loan exposure to Atlantic energy. The amount ($400M) is over 4% of total NPL in Nigeria.

So here you are.... you have the figures... Do the math.

duni04:
Why will oando go into receivership when they can simply dispose of some of their assets to offset their debts? I think the board just needs to make some tough calls and accept that the acquisitions they've made in recent years have been faulty, and probably sell them off. The assets they've borrowed money to acquire in recent years have'nt been as profitable as we all envisaged. I remember some people here were praising oando and Wale after the COP deal was consummated because we all thought we would easily offset the debts from d deal and start making profit. Nobody was looking at the US crude inventory charts. Lets just sell off d assets and return to profitability. Plus the NSE and SEC should start taking corporate governance and accountability in quoted companies serious. Its not enough to fine companies that delay their results. They can easily pay d fines and continue to hold on to the results, like Oando has done. Let's have stricter penalties for delayed results. To me Receivership is totally off the cards for Oando

ihedioramma:
ok but the banks will not give any thing to there shareholders befor they get there money back but what of if this banks cant raise there money back in five years? what will happen to there shareholders in that five years? and oando may own other company that is not banks two .

megainvest:
True. Many of the banks are also have the same impairment issues.

ihedioramma:
And every body is talking about oando and forget or may not know this and they have big share's with the banks . that is why i say know one is 100% good in stock . deer,japaul e.t.c are example's .

ihedioramma:
not only fbnh, skye,fcmb,eti and one other bank .

cassimere:
I'm not being sentimental, I'm being factual. Wouldn't the company's bottom-line improve with the cash raised from the rights and the sale of part of the downstream business?

I am invested in the company, all I want is to get the best return, so I support your sentiment about Wale and his cohorts. I raised that issue some months ago on this thread (I'm sure you can dig that out too). The company's corporate governance leaves little to be desired, the earlier a new management team come on board, the better.

cassimere:
I'm optimistic about the company's Q3 results. The cash raised via the right issue and the sale of 60% of its downstream business for N54billion will reflect in the Q3 result. However, I think this result will activate a sell panic mode obviously, but I think the Q3 will bring on the bulls.

immanuello:
oando is a coy with too much leverage and debt couple with its know bad corporate governance that has not change so far.I am a proud VALUE INVESTOR,honestly i dont see this coy as a company with good sustainable fundamentals but rather a good candidate for trading because of its high beta,liquity,publicity stunt of d coy,market players loyalty ecetera.whoever is buying oando at this top is doom for burnt fingers or regret.you need to be very careful on any trading stock because for trading stock what you need to focus on is CROWD IGNORANCE,i mean taking advantage of sentimental bias of market players that comes from acting on news without conducting proper rational and logical reasoning on fact and figures in light with rightful data to peep realistically into a realistic future on a particular stock.Be careful to take emotional attachment out of investing becos that would give you a better success yielding decisions with no flaw or little that will be insignificant to your investing success.Even, i as a value investor,i have traded on some stocks with no fundamental at all but had great patronage on the bourse and i was able to make real good cash on them because i knew i have got to come at a price around support and towards grivatating to resistance level with my finobocci telling me its around overbought region with volume coming down i would quickly get out with my PROFIT or else mr market would have take away my gain.so be cautious about oando because there is no GOOD MGT in this coy.The coy is just using media to push this gabbage so make sure you take your profit at right time before you might be the last idiot holding the empty bag.oando is an inflated balloon that is being manipulated often times and i know it will inevitably burst very soon.A stitch in time saves nine!!!!!

manie:
A good company can sell at a bad price, while a bad company can sell at a good price. I remember a bad company selling at a good price of less than N1.00 in 2006 based on the company's fundamentals. A group of new investors invested in this company, raised more funds through right offer that sold at N0.85k in 2006 and turned around the company, as we speak the stock is selling around N20.00 giving an annualised return of about 60% between 2006 and 2013.

The company is International Brewery Ilesha

manie:
Investors make money when they buy, while speculators hope to make money when they sell. A value investor looks forward to having cheaper stock prices.

ucheson2:
Those of u expecting oando 2 fall below #5 'wait very well'. Let me tell u a secret: AS SOON AS OANDO COMPLETES ITS COP DEAL, ITS SHARE PRICE WILL BEGIN 2 ROCKET TO WELL ABOVE #35. U BETTER TAKE POSITION NW BC THEN EVEN UR STOCKBROKER MAY NOT EVEN WANT TO BUY 4 U! YES IT WILL B BUSSY BUYING 4 ITSELF.

9free:
Any force from anywhere trying to bring down Oando and NEM, Die!! Die!! Die!!!
I still dey mountain top......

stockbull:
it's brought to notice through some posts that mods in this forum put quality and informative posts in hidden without any convincing reason and i could see that my post was in hidden without any suspected reason.this needs to be addressed

Elai147:
Me too bros but I go dey on full guard in case of anything. I am just having the feeling that Oando will survive their current crisis and if they do, the stock will perform magic but if they don't, I go take off like kawasaki.

Elai147:
Your Oando prediction is beginning to materialize. I remember how you always sound warnings that Oando will get to N20 very soon.

wristbangle:
Is your brain so dumb to comprehend the Quarterly report was from 2014 to early 2015.

Why una dey brainless like this nau? Haba!

PHIPEX:
Is Oando ever going to release their 2012 Fy results? It's taking almost forever.

Kagame:
Investors can be funny.Dem say fire dey burn and some people are still making exceptions,rationalizing and hoping its a strategy by Wale and co to mop up shares. Guys wake up,this is no strategy,Oando is in a deep mess.

Mpeace:
Pa Emma, what in your opinion could be the implication of the over $461mil (90billion naira) helios/vitol JV deal and why did they deliberately refuse to include it in the released results. WT remains unpredictable and unworthy of trust. In my opinion, this result was released to make some pple sell their holdings while WT and co mop them up before releasing the 3rd qrt result. I wouldn't advise anyone to sell, until the 3rd qrt result is out. Wt that I have come to kn would not just release such a bad result. It is either he wants to declare for bankruptcy (after laundering all the company's money) or he is planning some grand scheme. Only time will tell.

glogirl:
@Myjoy08,

stop shining your teeth.

You're neither here no there.
you said one thing and in a matter of minutes you agree to a contrary opinion.
That character is not admirable in a man. it is not wisdom or diplomacy.
Please help yourself and your reputation on NSEMPA; don't know how you are out of it.

OBAGADAFFI:
Then you're very lucky.
I have attended several AGM @ MUSON and Civil center and it was shouting and arguments through out the meeting.


Just imagine how an Oando AGM will look like.

OBAGADAFFI:
Naa, some of them are really disappointed.

Because they've been marketing Oando to the world as a stable coy.

Even SMN is boiling now

But I know the company Will recover big time.

Oando needs proper restructuring, and thats what FMN is currently doing.

That administrative costs just show that Oando lacks efficiency

OBAGADAFFI:
@BBoason @TunjiAndrews @OlufemiAwoyemi @Oando_PLC @Dolarpo @j "Enough is Enough -The games are no longer acceptable for us" @OlufemiAwoyemi


@proshare IMO The entire board of @oando_plc should step down.

9free:
May our loyalty not be tested - Fashola 2015

OBAGADAFFI:
The bolded was what my Big Bros told people when he was trying to woo investors For starcomms IPO, through his Issuing House.

Until Starcomm KPI started falling, and CDMA business started dying in Nigeria.

Today most people with starcomms stocks, are left hanging. While the Lebanese and Nigeria directors cleared the company treasury and disappeared.

Company owners get levels. If you understand my pigin.

OBAGADAFFI:
Cool down, no be fight oga.

Some of us have made good profit from Oando fluctuation in the last 5 months, the same Oando people are crying about .

Just telling people to stop attaching sentiments and emotions in investment, especially stocks.
Because the owners are emotionless businessmen.

Just make your money and look away.