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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:22pm On Jan 21, 2025

KarlTom:
Small OandO news, gbas gbos don start.

When OandO officially announce am, we no go see road again...

Lol.

Just give us regular daily price updates, as usual.
The ''gba'' ''gbos'' is sometimes inevitable, and as long as it is civil and does not degenerate into a complete mess

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:13pm On Jan 21, 2025

ositadima1:
Okay, I’m glad Oando worked out well for you. I was just concerned about the way you posted about it. Sorry to hear about your losses in 2008–2010—unfortunately, things like that happen. I have nothing against you or anyone on this thread. After all, we’re just a bunch of good chaps, aren’t we?

I’m invested in Oando too, and I hope it continues to rise as it’s meant to. God bless this forum, and God bless Nigeria!

Thanks, and God bless.
Oando will vomit the billions to you too, for you to enjoy. Just remember to invite me when you ''open'' your mansion for Lekki, Abuja, PH, Anambra, Enugu etc.
Peace

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:00pm On Jan 21, 2025

ositadima1:
So now you're making it about jealousy? I shared my opinion as a brother, based on the vibes I got from your numerous posts about Oando—just as you acknowledged in your post, saying, "We all do some guesswork in most of the analyses and commentaries here."

It's okay; let’s analyze your accusations in more detail. Why would I be jealous of your "several million units?" I don’t even know you, nor do I know if you’re being truthful (not that I care). Let’s assume I do know you—what would it take from me? Would it reduce my own units? I feel you’re the one painfully holding on to past discussions here. What does my exchange with Bovali have to do with you? And what if I actually end up having more units than you?

My brother, I am not in a contest with you. I simply shared what I felt in my heart as a concerned Nairaland member.

I would agree with you a 1,000,000% percent on the content, context and tone of this your post.
If the earlier post was like this, I would NEVER have said ANYTHING in response.

Let us grant each other full respect and the benefit of the doubts that we are all reasonable and know what we are doing.

I will now apologize to you (unapologetically) if you feel my response was below the belt. I never intended to do that. So, I am sorry if you feel somehow! Ain't no proud to apologize or even beg!

But why would you say my ''several million units'' was affecting my judgement? It is not nice to say so. Abeg.
Why would you say I might constitute hazard to other people if I drive or do a sensitive job? It is not nice to say so. Abeg.

Once again, I withdraw any word that I might have used that sounded offensive and below the belt.

Let us encourage ourselves. I did not lose my mind or judgement in 2008-2010 when all my investments evaporated into thin air. It is not now that I can afford to tie wrapper for waist on top of balcony early in the morning, put chewing stick in my mouth and spit out like Yoruba village landlord that I would now lose my judgement on top of Oando that I bought for peanuts and is not doing badly!

Peace unto you and everyone!

11 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:17am On Jan 21, 2025*

Raider76:
Or. Suppose you want to distribute the cash equivalent of shares, would you want the price of those shares to rise?

I mean, they may want to load more units at relatively low prices right now, so they can then benefit more from the share redistribution (bonus) and also the possible future impact of the Angola oil bloc.
All these are just guess work, thinking aloud; and not any buy or sell advice

1 Like

Foreign Affairs › Re: President Trump Signs Executive Order To End U.S. Birthright Citizenship by mikeapollo: 10:55am On Jan 21, 2025

ceejay80s:
I wonder how that boy missed that assassination attempt?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:06am On Jan 21, 2025*

ositadima1:
Are the "several million units" you own in Oando affecting your judgment? How can the same person criticize Oando for hyping irrelevant news to boost prices in one post and then accuse them of suppressing news in another? If you ask me, I’d say it’s time for you to chill, do some relaxation exercises, and take your mind off Oando for a while.

At this point, you might be a hazard to others, especially if you drive or engage in sensitive work.

My brother, stop personalizing and turning every post/comment into a ding-dong affair.
Interestingly, you were the one that tagged and responded to my earlier post, and you made your points. I did not take offence or attack you in my response. Now, see what you have typed. Totally unnecessary innuendoes.!

I said I suspected media houses of using stale, old news (e.g. of Q3 results) to fill-in potential empty spaces in their newspapers and websites.
Me suspecting if some people may be suppressing the news in order to mop up more shares, is purely guess work.
We all do some guess work in most of the analyses and commentaries here. . It only shows that there is some level of ''uncertainty'' or ''unknowns'' in the decisions or actions that we make/take, even in investing or investment considerations and permutations. It does not give anybody (or you) the right to talk down or judge anyone's sense of judgement or reasoning.

It baffles me how you could jump, turn into a ''coach'' and arrogate to yourself the fallacy of telling or ''advising'' people (me) on what to put their(my) mind on or off; talking about hazard to others if driving and all the crap!

If you care to know, my expected exit price for Oando (in case the buy-out happens) was around N10-N15. Hence, I am not under any pressure to sell or buy, even if it gets to N100 or crashes to N30. I would have sold long ago if I were to be under any anxiety or pressure.

So, I am cool, calm and collected just as many people here on this platform are.
Sometimes, we just give out a few info about our portfolios on this platform, just to share info, motivate and encourage ourselves and others, but some people would always have a different mind.
If my ''several million units'' is offensive to you (similar to how @bovali's N300m profit was), I cannot help it. No pun intended. I made that comment in context, (in response to your comment that people who bought it low are selling), not to infuriate or trigger the angst of anyone who may be hurt or angered for no reason.

11 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 4:56am On Jan 21, 2025

GeeKudi:
Even OANDO itself hasn't said anything about it.
I was going to take it as fake news until I saw it on the official page of the ANPG.

It's suppose to be a big news, isn't it?

Yes, of course, an international oil bloc should be a big news. Unless the volumes of oil and gas that would be coming from the Angola bloc are insignificant.
I suspect some people may want to keep the news lying low in order for them to mop up more of Oando shares.

2 Likes

Travel › Re: Young Nigerians Wasting Away On Canadian Streets After Relocation Dreams by mikeapollo: 6:55pm On Jan 20, 2025

GistMedia0:
In a heartbreaking tale of shattered dreams, several young Nigerians who sold everything they owned to relocate to Canada are now left destitute, struggling to survive on the streets. With no money, no food, no shelter, and no family to turn to, these individuals face harsh realities far removed from the bright future they envisioned.

Many of them had high hopes of pursuing education and better opportunities in Canada. However, the financial pressures of living abroad, coupled with unforeseen circumstances, have left them stranded. Some claim their sponsors back home died, cutting off the funds needed to continue their education, forcing them to drop out of school. Others admit they underestimated the cost of living and the difficulty of securing stable jobs.

The streets of Canada have now become a grim reality for these Nigerians, who are wasting away their time and potential.

https://www.youtube.com/watch?v=DnTb31exFts

This is not entirely new. It used to be like this since the 80s and 90s when people travelled abroad without someone to stay or live with for sometime. After a while they will survive, adapt, work hard and then overcome and make it. Many successful people today went through the same experience .

6 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:40pm On Jan 20, 2025*

ositadima1:
Lol, Oando is a tough one around here. I'm sure if you could, you'd drive the price up like that (the way he dey do u for body), but figures like Oga Emma would drag it down just to prove how right they are (people way believe say dey can dictate d market). The reality is that Oando will fulfill its purpose at the right time. For now, those who got in below 10 are selling, while those who see value are buying at bargain prices. Let nature take its course and relax.

(For now, I need ibo and shayo, lass lass na everybody go chop breakfast)

I am not really bothered or interested in the price movements for now. I want to know if the news is really authentic (though I have seen an official release by the Angola oil and gas upstream regulators) and what it would add to Oando's daily production in future.
I bought most of my Oando for around N5-N6 and I have several millions of units. I am not selling now even if the price hits N100. I want to see the end of the share redistribution before I sell some millions of units to finance a capital project!

2 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:12pm On Jan 20, 2025

megawealth01:
Amen brotherly

I dey follow the MONEY ooooo

I wonder why Nigeria media houses are relatively quiet/silent on the Angola oil bloc

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 5:07pm On Jan 20, 2025

megawealth01:
Nigerian oil mogul Wale Tinubu’s Oando wins Angola’s KON 13 block

https://www.billionaires.africa/2025/01/20/nigerian-oil-mogul-wale-tinubus-oando-wins-angolas-kon-13-block/

Latter-day Wale converts?
You have really helped and blessed guys here with your tips on Tantalizer and Universal Insurance.
God bless you.

But don't hide what you know about Oando

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:21pm On Jan 20, 2025

Sunrisepebble:
More PR from Wale and Co. Seems we have entered one chance

https://nairametrics.com/2025/01/20/oando-shares-spike-over-14-following-strong-earnings-report/

I am beginning to suspect that some of these media house just publish stale news to occupy spaces in their website or newspapers.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:08pm On Jan 20, 2025

Princkez:
OANDO doing the python dance....

Health › Re: Can A 2-Year-Old's Bow Legs Straighten Naturally Or Only With Surgery? by mikeapollo: 1:45pm On Jan 20, 2025

yinkaOdutuyo:
Hello parents and guardians and health practitioners in the house, I want to ask can a 2year old bow legs straight naturally or only with surgery.

because her parent cant stand the look of the bow legs, many people are recommending surgery, while some said it will correct on it's own between her 3years to 4years as she grows.

pls her parent needed your advices to know which actions to take.

It depends on the extent or nature of the bow legs. Some bow legs are normal.
Some extreme ones may require surgery.

Politics › Re: Autonomy: 774 Councils To Open Dedicated Accounts With CBN by mikeapollo: 1:24pm On Jan 20, 2025

TimeManager:
https://thenationonlineng.net/algon-774-councils-to-open-dedicated-accounts-with-cbn/

Would these so called '''autonomous'' LGAs be able to pay their staff salaries, including primary school teachers, their pensions, gratuity, construct LG roads in their neighbourhood, construct markets, take care of primary health care, pay the nurses, handle sanitation, environment, etc?.
We seem to provide knee-jerk reactions/solutions to very serious issues in this country

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:33am On Jan 20, 2025

Harvestock01:
Oando going ahead to cancel the entire shares that was pledge for the loan would have been a more straightforward solution rather than all the needless controversy that have been generated.

Obtaining shareholders approval at an AGM or EGM and thereafter obtaining SEC approval before going ahead to actually cancel the shares. This will have a more positive impact on the shareholders as the share price will firm up and the financial ratios will also improve.

Anyway, let's enjoy the show by the evil genius.

Canceling the shares the way you suggested would be double jeopardy for shareholders.
It would mean that the debtors would have nothing to lose (after failing to pay their debts and should go scot-free), while other shareholders would have nothing to compensate them, after not receiving any dividends as a results of the huge debt write-offs which eroded potential profits of the company in prior years.
Good corporate governances requires that those who sacrificed for the company are now compensated.

1 Like 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:48am On Jan 20, 2025

Raider76:
Add the amount of wrangling, distraction and cost that the cash option will entail. But if they can pay it will give them even more control of the company.

Unless the cash is coming from the original debtors, otherwise Oando would find itself in another big controversy if it should pay.
And why should the debtors be paying cash right now, after they had agreed and signed an MOU to relinquish the shares to the company?
Oando paying cash would mean some potential insider dealings going on and another round of corporate governance disputes which may involve the SEC/NGX again.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:18am On Jan 20, 2025*

Sunrisepebble:
May God truly help Wale.
Why is this a better idea than the Share distribution, why are they walking back on it

The problem may be from some ignorant shareholders who made the request at the last Oando AGM. Whether they were influenced by Wale or not, I cannot say.
But I don't think Oando would go for cash distribution. Because that option would imply $325m at N1500 (minimum), to be spread over 4.3billion shares, which would place a value of at least N110 on each share (if I am not mistaken)

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:07am On Jan 20, 2025

KarlTom:
Like I stated earlier, I am dropping fact without sentiments. (I am heavy in OandO so don't see my take as trying to put down OJT or OandO).

This is LSE announcement of Serinus Energy (SENX) in January 2024.

https://www.londonstockexchange.com/news-article/SENX/participation-in-onshore-angola-licence-round/16299502

Note the original dates

Is there any publication from Serinus Energy contesting or raising any issues with this award?
Why don't we wait and hear from Serinus Energy? For all we know, there might be some distinctions between what Serinus won and what Oando has got now. Or it may be fake news all together!

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:03am On Jan 20, 2025

Bagwa:
Oando may pay cash equivalent to share to disturbe 😁

Cash equivalent at what value per share?
And what would be the parameters, or indices to determine the value?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 8:23pm On Jan 19, 2025

KarlTom:
This KON-13 Block had Serinus Energy as the preferred bidder for 55% in January 2024.
Today OandO Energy is the designated operator of 45%. The remaining 10% is "still available for award".

What happened between January 2024 and January 2025

Stay tuned...

It is clearly stated in the article that the tender was made public (to the people of Angola) on May24, 2024 and the bidding was held on September 3, 2024.
So where is the so called winning bid of Jan 2024 coming from?

We don start again oooo..

The way it is going, even if Wale should go many rounds to impregnate someone right now, some people would say the semen is from Aso Rock!
Oando has this cross or burden to carry fr a long time.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 8:21pm On Jan 19, 2025

KarlTom:
This KON-13 Block had Serinus Energy as the preferred bidder for 55% in January 2024.
Today OandO Energy is the designated operator of 45%. The remaining 10% is "still available for award".

What happened between January 2024 and January 2025

Stay tuned...

It is clearly stated in the article that the tender was made public (to the people of Angola) on May24, 2024 and the bidding was held on September 3, 2024.
So where is the so called winning bid Jan 2024 coming from?
We don start again oooo.. The way it is going, even if Wale should go many rounds to impregnate someone right now, some people would say the semen is from Aso Rock!
Oando has this cross or burden to carry fr a long time.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:55pm On Jan 19, 2025

Raider76:
You never know. Having that name will help anywhere at this time.

I am not disputing that the name could be of positive influence sometimes, but at least the President of Angola cannot be accused of favouring his nephew (family member) in this award unlike what some people said with the ENI deal.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:51pm On Jan 19, 2025

Sunrisepebble:
Some Oando News
“Oando wins Angola bid round for Kwanza Basin Block”

https://africaoilgasreport.com/2025/01/farm-in-farm-out/oando-wins-the-angolan-bid-round-for-kwanza-basin-block-kon-13/

Thanks for this news.

Hopefully and thankfully , the clueless Tinubu is not the president of Angola, otherwise we for no hear word because of noise of favouritism!

ProphetUtuocha must be respected when it comes to tips about Oando!

5 Likes

Politics › Re: Dangote Refinery Raises Petrol Price To ₦‎955/Litre by mikeapollo: 4:41pm On Jan 17, 2025

CodeTemplarr:
Not bad considering that crude price has gone up after the last petrol price reduction.

This is reason why NNPC should let us know how they are selling the crude to Dangote in naira!

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 4:38pm On Jan 17, 2025

megawealth01:
All I can say...

We may not value key people helping us here until they stop. MCY could have helped out but for me I won't say pim

DYOR

Na wa oo....
God dey grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:47pm On Jan 17, 2025

KarlTom:
Waiting for bargain entry could result in opportunity lost.
Getting stuck could result in opportunity cost.

~~Choose~~ Use your ~~opportunity~~ kettle wisely...

Apt

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:32pm On Jan 17, 2025

megawealth01:
Smart Wale. I saw today's game but I won't say pim

Another pointer; that you know something going on in Oando.
Now, what is the ''pim'' going on?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:19pm On Jan 17, 2025

megawealth01:
Wale don make plans from today sha... OANDO eh

DYOR

It seems you definitely know something about Oando;

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 2:01pm On Jan 17, 2025*

KarlTom:
Keep an eye on OandO...

Seems people are beginning to mop it up; may be the share redistribution exercise is around the corner.
More than 14m units traded.
Neither a ''buy'' nor ''sell'' advice.

1 Like

Politics › Re: Umahi: Funding For Coastal Road Erroneously Written As ‘Lagos-PH’ In 2025 Budget by mikeapollo: 12:41pm On Jan 17, 2025

zero8zero:
https://www.thecable.ng/umahi-funding-for-coastal-road-project-erroneously-written-as-lagos-ph-in-2025-budget/

This is what happens when you adopt ''rush rush'' approach to major projects.
Does it mean there was no scrutiny of the budget proposals at the Works Ministry before it was forwarded to the Finance Ministry, then to FEC?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:38am On Jan 16, 2025

Redoil:
any news about the court case going between oando and those people whose shares were ceased and was to be distributed

Kindly assist me. Where/when was it reported that Oando and owners of the shares to be redistributed are in court?

I did not see or read such info in Oando's response to the letter by some shareholders asking for details of the share redistribution exercise

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