₦airaland Forum

Zagee:
That stock is at the mercy of big Uncle Wale. Technically, there's two walls at 75 and 80. It will take only uncle to break that barrier. What is his shareholding % again?

His shareholding (with directors, co-promoters) in Oando was about 70% or more but it will be reduced with the share redistribution exercise.
It may still be reduced further if he does not take a chunk of the shares in the new public offer and debt-equity conversion

megawealth01:
WALE thanks for what you do at least I got something worth while these past days...

Let's see if it will go up more or we set another trap to load at another lows opportunities...

Oando full bid finally

Megwealth01 thanking Wale is MIRACLE OF THE DECADE!

Better sense for people wey just dey follow the money, and not emotions.
I dey your back kampe!

megawealth01:
Has he tag the price?

I have not come across the proposed price yet.

megawealth01:
WALE thanks for what you do at least I got something worth while these past days...

Let's see if it will go up more or we set another trap to load at another lows opportunities...

Oando full bid finally

It is likely because of the intention to raise fresh capital as contained in the notice of AGM. Market reaction has been slow, though.
But let's see how it pans out.

Not a trade advice. DYOR.

Zagee:
They were not efficient(at the time I used it) in settling sales. Missed out on opportunities waiting for proceeds to hit my wallet. + higher commission.

If you're going to be doing a jump in and jump out within a week avoid them. I don't know if it has changed(don't intend to find out either), but they are my go-to for long term holds and any other form of investment.

Ok, thanks. Seems they are more versed in the bond and TB market

Zagee:
If you want to be a trader avoid them. Anything else, all clear.

Can you provide some more clarity?. I intend using them (Stanbic IBTC Brokers) for my investment in money market and fixed income securities

ndept:
If you want to enjoy this platform, block those people you are seeing being arrogant. Some of them are here to cause mayhem and distractions. All I am seeing now are the views of reasonable people because those arrogant monikers have been blocked.

NB: Ensure you don't block Agbalowomeri though. He is the minister of women affairs here and very diligent with his ministry.

Abeg, before you go block me, kindly dash me some of your loot from Oando. Abeg

GeeKudi:
Is it not already obvious who is behind this moniker?

You dey look for trouble ooo. Instead, you for focus on the ''Kudi'' as your moniker says.

ndept:
If you want to enjoy this platform, block those people you are seeing being arrogant. Some of them are here to cause mayhem and distractions. All I am seeing now are the views of reasonable people because those arrogant monikers have been blocked.

NB: Ensure you don't block Agbalowomeri though. He is the minister of women affairs here and very diligent with his ministry.

Zooposki:
Meet me in conakry [/b]for the [b]equatorial assignment.

Which kind ''assignment'' is that?
The ''equator'' is in the middle.
So literally, what you typed could mean ''assignment in the middle''
Please explain before I start thinking towards something that I don't want to think I am thinking!

ndept:
The bolded seems an unfair statement to people here. There are so many businesses out there that many people are doing and making fortunes, that they will not want you to know about it, probably because they may not want you to be as rich as they are. But reverse is the case here. The fact that someone see value in a stock and draw the attention of others to it after buying, simply mean that the person is not greedy but want you to also benefit from the largesse.

Besides, the information that many dishes out here can rarely be seen, even from those that collects money to dish out stock recommendation to you. Let us not discourage people from doing their best to enrich others on this platform with our utterances please.

Thank you for this.

I wonder why people don't complain about newspapers and capital market analysts that do analyses and give recommendations on various stocks in the market. Are they also doing ''marketing'' for the stocks.?
We (Nigerians in general) seem to have developed the habit of suspecting everybody of some potential sinister intentions and not trusting anybody in anything because of the inherent corruption, insincerity, crass ignorance, conspiracy theories, rumour mongering, envy, jealousy, fallacious beliefs, unfounded suspicions etc.

Bulldozer90:
That's false. He started before Pete edochie but doesn't mind using him as a success parameter. Nollywood is an industry. When you talk about the first nollywood movie, you talk about it in commercial sense which Living in bondage made. This is the reason you don't know about any other home videos made prior to that. There were some movies in the East before living in bondage. Those ones are not considered. It's always these people from the west that measures d*ck. Never allow bigots who think nothing except tribalism, whose incompetence collapsed Netflix and Amazon prime, revise movie making history for us.

There had been several Yoruba home movies before Living in Bondage but they were the very popular one because they were mostly in the local language. Living in bondage was more elitist and spread faster because it was in English language and had more commercial success.

Forkthiefnubu:
Yes the Yorubas were the pioneer of movie making in Nigerian but the morden movie industry known as nollywood is a purely a product of Igbo ingenuity and marginalization, nollywood was created by the igbos but right now with the state surreptitious back and better education the Yorubas have taken it over again which is not a bad thing

Movie production is movie production. Film making started much earlier from WNTV Ibadan, the first television station in Nigeria and Africa
Every creation or invention gets improvements or innovations along the line, so you cannot come in and improve something that had been in existence much earlier on and then claim to be the creator or pioneer!

Panadee:
He qualified the illiquidity by adding the J-word

Lol
Individual preferences/goals would determine the classification of stocks.
What may be ''Junk'' stock to Mr. A. may be a 'value'' stock to Mr. B.

tommy589:
I don't want to respond to you initially when you disputed the 1969 deportation. But I will be doing you a disservice if I fail to correct you this time. Where did you see me give justification to Nigerians robbing in Ghana? Are you telling me you know more about Ghana that i lived before? My late parents helped in Relocating 2 deportees from Bar Beach,where a good number helpless deportees found sanctuary,having lost touch with their Nigerian families and ancestral roots.
Be limiting your response to the facts you have. If you did experience or hear of Ghanaians engaged in armed robbery in Nigeria,ask your seniors,particularly the newspapers reading ones if Ghanaians were not regulars on the pages of Nigerian Newspapers for armed robbery

It is a lie! Ghanaians were never regulars on the pages of Nigerian newspapers for armed robbery. They did not even have armed robbery in Ghana until Nigerians brought the vice into Ghana.
A lot Ghanaian women were into for prostitution while their men were into menial jobs like shoe maker, mobile tailors etc. They were never into armed robbery. Stop the lies!

emmanuelewumi:
They create liquidity for illiquid and junk stocks by marketing and promoting them here, the uninitiated traders and investors looking for easy money will end up learning the hard way

People have different preferences. Whether illiquid stocks are desirable or not depends on the investment strategy/goals of those buying/selling.
The so called illiquid stocks may not be a problem for people who are only interested in preserving value and still earning consistent, reasonable dividends. A good example is Seplat.

Bagwa:
OANDO

What is happening oooo?

DomPerignon:
In 1969, Ghana expelled about 190,000 foreigners out of which 150k were ethnic Yorubas who had been in Ghana for decades prior .

The reason for Ghana expelling foreigners was because the Yoruba settlers had come to dominate the cocoa industry to which it was to their credit in the first place that Ghana had a cocoa sector to begin with.

The Ghanian government wanted to take back the profitable cocoa plantations that were initially cultivated and tendered by Yoruba expat farmers.
It had nothing to do with crime but was a land grab to redistribute cocoa farms to the indigenes.

The Ghanians were also wary of the potential of Ibos flocking to their country following the end of the civil war . Ghana began noticing a surge in Ibos relocating to their country after the war ended as Ibos refused to return back to the north which was the largest host prior to the war. Ibos were also considered persona non gratia in the SS which served as the second largest host of Ibos after the north prior to the civil war.

Ghana decided to introduce strict immigration laws to curb Ibos flocking to their country .

This then saw to Ibos moving to settle in the SW especially Lagos

All in all, Ghana expelling Nigerians of SW origin so as to collect their cocoa farms and redistribute it to their citizens is one of the reasons Ibos are dragging Lagos with Yorubas today. If that policy had not been implemented , Ibos would have left to Ghana and by now dragging it with Ghanians .

This your post has some misrepresentation of facts.
It is true that Ghana evicted foreigners in 1969, but it was not targeted at Nigerians, although Yoruba people were the most affected and they were virtually 95% of Nigerians in Ghana at that time.
The first president of Ghana (Nkrumah) had made policies that granted automatic citizenship to everybody living in Ghana at the independence day of Macrh6, 1957. This attracted many more family members and relatives to join those foreigners who had been living in country. But another govt felt the number of foreigners in the country was too many and were indirectly affecting the economy, hence the decision to evict them.
The Yoruba were known for being hard-working, industrious and were present in all sectors as farmers, traders, transporters, teachers in schools, nurses, doctors, public servants in ministries etc. For instance, the Mokola market in Accra was named by/after the Yoruba traders.

tommy589:
Between late 70s to early 80s they were the raves. Hussle by day rob at night

It is a lie! Ghanaians have never been known for armed robbery in Nigeria. If you say petty thieves in the market or house-help stealing from their bosses at home, I can agree.
Their ladies were known more for prostitution.
Armed robbery has been the specialty of Nigerians from day one. There was no armed in Ghana until Nigerians brought the menace into the country!

Max24:
Why can't she and her husband sue Wike if it's a lie. They can sue him, is it slander or libel. If it's sure for Ameachi wife let her challenge Wike to prove himself in court otherwise I will believe what Wike said. Ameachi said he does not like money and they are hungry, let them prove it in court.

He who alleges must prove!
So ask your Wike to provide the proof! Not everybody has the money to waste in taking someone to court when the judiciary is heavily compromised and politically biased.

People have accused Wike of allocating Abuja lands at cheap prices to his children and family members. Have you asked Wike to sue them in court?

bada007:
Please suggest a good cage size for a pup Lhasa aspo and having it in mind that he would still grow,from the picture below and also please rate this pure if its a pure or not please your opinion are highly appreciated
He’s still with his mom until second week of august until i pick him up but booked thank you

1. Get a cage that will be spacious for the dog when it is fully grown adult.
2. Consider the cage can provide warmth for the dog during rainy or cold season i.e. it should protect the dog from cold
3. Enure the roof of the cage is not made of metal iron because it would be too hot for the dog in the afternoon .
4. The floor of the cage should have done holes or space for it's faeces to drop on the floor.
4. Better you design a cage and give a carpenter to construct for you

SonofElElyonRet:
The patience needed for Deap looking like it'll be a long drawn one. Deap dumping deeply and dip is dipping more and more.. hope the wait will be worth it.. from dump to dunk?

Your rhyme about Deap will rightly make you right at the right right!.

Zooposki:
I dont pay any fees when buying US stock from some investment apps. How do they survive?

The US stocks market is global and well advanced, so brokers may have various ways of making income; NGX is just developing gradually, so they may need those fees for one thing or the other.

megawealth01:
Tinubu’s Reforms Will Make Nigerians Abroad Want To Return, Says Youth Minister


https://www.thecable.ng/tinubus-reforms-will-make-nigerians-abroad-want-to-return-says-youth-minister/?fbclid=IwQ0xDSwLrZxBjbGNrAutnD2V4dG4DYWVtAjExAAEe701LCGkoeYV9xeffUsAUHNb9LYa4C7LvmMDMqrZkXvmNCErGz4hMZ2gXWv0_aem__vF_ttRIBF6aLZv3Xcyf6g

Lol. It may be sarcastically true
It may be a reverse directional flow: those abroad may want to return because their little foreign currency cash can afford them millions of naira to enjoy life and flex, while those living in the country will want to run abroad in desperation to escape harsh poverty in the country.

I don't know what some of these politicians smoke/drink or what they take citizens for.

Raider76:
Which one is this again?

I think this is just to satisfy the disclosure in Oando's 2024 AFS where it was stated that there will be an extra ordinary general meeting (EGM) in 2025 to deliberate on the capital and financial position of the company.

emmanuelewumi:
I don't buy any stock that involves praying, fasting and going to the mountains.

Any stock that give me High Blood pressure whenever, Street investor cast the stock, I no dey buy.

Prayer is the key.
You need get used to such prayers in order to even enjoy your wealth in good health, peace of mind and long life!

emmanuelewumi:
Not my type of stock for now

Great!

emmanuelewumi:
Wale na bad guy

The much awaited capital raise for Oando is here!
I guess a successful exercise would ameliorate your concerns about going concern

Agbalowomeri:
Wale still dey use this one hold una for blokos

Walahi! My blokos dey pain me now sef!
I need to sell those units to fund a project but the guy no gree release them.
But Oando gonna skyrocket after the capital raise.

Bagwa:
Summary of Oando PLC’s 46th Annual General Meeting Notice (August 11, 2025):

Date & Format:

Scheduled for Monday, August 11, 2025, at 10:00 am.

To be held virtually via https://www.oandoplc.com/meetings.

Ordinary Business:
Presentation of 2024 audited financial statements and related reports.

Re-appointment of BDO Professional Services as external auditors for 2026.

Re-election of three directors:

Mrs. Nana Fatima Mede, OON

Mrs. Ronke Sokefun

Dr. Ainojie Irune

Election of new directors:

Mr. Cosmas Iwueze (from December 16, 2024)

Ms. Ayotola Jagun (from May 20, 2025)

Election of members to the Statutory Audit Committee.

Disclosure of management remuneration.

Special Business:
Directors’ Remuneration:

Approval of Non-Executive Directors’ pay.

Related Party Transactions Mandate:

Authorization for the company to transact with related parties under standard commercial terms.

Capital Raise and Restructuring:

Authorization to raise up to ₦500 billion (or foreign equivalent) via shares, debt, or other instruments.

Conversion of up to US$300 million RBL debt into equity.

Establishment of a US$1.5 billion multi-instrument issuance programme.

Acceptance of oversubscription funds.

Board empowered to execute necessary agreements for the above.

Share Capital Adjustment:

Approval to increase share capital as required for fundraising.

Authorization to cancel unallotted shares if necessary.

Company Constitution Amendment:

Update Memorandum and Articles of Association to reflect new issued share capital post-capital raise.

Administrative Notes:
Accreditation starts August 8, 2025.

Shareholders can appoint proxies (except related parties, who must abstain from voting on related resolutions).

Closure of members' register: July 28–30, 2025.

Audit Committee nominations must be submitted at least 21 days before the AGM.

Shareholders can submit questions in advance.

2024 Annual Report is available online.

Information on unclaimed dividends and director profiles available via company’s website.

When are we getting the redistributed shares (tranche 1 and 2)?

Layi9:
Abeg how do i transfer my stocks from one broker to Another
Afrinvestor do too fall my hand, Goddddd!!!!
For weeks now

Go to your new broker and inform them. They will give you forms to fill and they will kick start the process.
Ensure you follow up to ensure that your old broker is cooperating with them.

GeneralDae:
NBS to release rebased GDP by 5pm today.

How many times would this govt manipulate the GDP in the name of rebasing?
The data cannot lie