₦airaland Forum

SAK:
When is OANDO moving now ?? Na wa o

Be patient until when the share redistribution ratio is announced. I am not sure of the exact process or procedure but I think the registrars would have to do some work on individual shareholders' account after getting authorization/clearance from the company and SEC/NGX.

gloriousdawn:
Expect heightened volatility in stock prices as the year-end approaches, driven by increased trading activity. This may include portfolio rebalancing, tax-related strategies, and attempts to influence year-end valuations. Be aware of potential artificial price movements on the final trading day, as some market participants may seek to optimize performance metrics. Position yourself strategically to capitalize on these expected fluctuations while managing risks effectively.

Valid

Agbalowomeri:
Baba sorry
You really dey vex o
E go better

Thank you my brother.
I am just disgusted by the sheer insensitive, reckless and arrogant attitude of the man and his govt.

megawealth01:
DSS is here ooooo. Be sure you ain't based in NAIJA sha because Seun go bring out your info if they pressure him ooooo

Infact that confirms how useless the government is. A govt that wastes resources by searching online platforms to look for citizens and people criticising it.

They must be ready to build a million prisons to contain people like me who are criticising the clueless T-Pain.

Under his forsaken tenure, in less than 2 years, Nigeria has turned to a graveyard of people dying from hunger-induced stampede because of rush for a bag of rice.....Lagos, Ibadan, Anambra, Abuja, Okija etc. Something that was very rare just a few years ago

megawealth01:
Tax reforms are here to stay – Tinubu

https://businessday.ng/news/article/tax-reforms-are-here-to-stay-tinubu/?amp

Nigeria currently running on N7 trillion fiscal deficit as of Q3 2024

https://nairametrics.com/2024/12/18/breaking-nigeria-currently-running-on-n7-trillion-fiscal-deficit-as-of-q3-2024/

No regret removing fuel subsidy, says President Tinubu

https://nairametrics.com/2024/12/23/no-regret-removing-fuel-subsidy-says-president-tinubu/

When I say this Tinubu is clueless, incompetent, useless and a complete failure, sometimes you say I should not say that because he is the president. The man is of no use to the masses in the position he is occupying.
A total waste of space!

Richtaiwo:
One thing I like about Tinubu is how he never lost focus despite endless distractions.

Nettering nitwits can cry blood, Tinubu is focused and no amount of blackmail, vitriol and aspersions can derail his movement.

Stop the hype and propaganda.
Tinubu is clearly clueless and incompetent. Most Nigerians can always lick the ass of any rich or socalled politicians man, so I am. not surprised.
Tinubu is a total failure.

Raider76:
I wouldn't call this a selloff. There were only four transactions =>100,000 in volume, while total volume traded for the day is <5m. I think it is just the effect of the uncertainty caused by the lack of clarity of how and when the share redistribution is going to take place.

If Oando likes, let it drop to N20 or rise to N100. Those that would sell, will sell. Those that would buy, will buy.
There will always be rise and fall in price of every stocks on NGX. This Xmas/New Year period is usually bearish.

Payunsin:
Oando dusted
Wapco dusted
Ongoing Honeywell dusting
On chams
On prestige
Now loading UPDC
Oando loot at work
I thank God

Congrats .

Curious345:
$4m total ..that small money for Oando

$4m is more than N6billion. And you think that is small for Oando that has not paid a single dividend to shareholders for more than 10 years ?

essentialone1:
None at all. Just imagine.

The old banks had already grown in price over the years, since the 2004-05 capitalization era.
It is the new banks that can easily experience growth in multiples of 100 percent

essentialone1:
20 BEST PERFORMING STOCKS FOR YEAR 2024

1. JULI: (has gained 1,645.76%)
2. OANDO: (has gained 540.55%)
3. SUNUASSURE: (has gained 519.01%)
4. EUNISELL: (has gained 502.19%)
5. CONOIL: (has gained 361.50%)
6. RTBRISCOE: (has gained 304.92%)
7. VERITASKAP: (has gained 275.00%)
8. JBERGER: (has gained 261.05%)
9. TANTALIZER: (has gained 226.53%)
10. GEREGU: (has gained 188.22%)
11. IMG: (has gained 182.16%)
12. GOLDBREW: (has gained 174.29%)
13. JOHNHOLT: (has gained 153.45%)
14. FLOURMILL: (has gained 147.13%)
15. SEPLAT: (has gained 146.75%)
16. WAPIC: (has gained 146.38%)
17. LIVESTOCK: (has gained 138.37%)
18. GUINEAINS: (has gained 137.93%)
19. AFRIPRUD: (has gained 137.67%)
20. PRESCO: (has gained 127.94%)

How many of them do you presently have in your portfolio?

Thank you for this.
I used to have a lot of RT Briscoe but sold it off to buy Oando.

OakPearl:
My brother, the executive recklessness is so sickening with these people.
I struggle to see such justification no matter how much explanation I have read about it.
I was so impressed when I read about Otedola’s reaction to that of FBN. And he is a billionaire oh.
I mean, you can still have a very good party without those wastages.

I used to grant him benefit of the doubt but I now understand why some people always accuse Wale of bad corporate governance and mismanagement.
The timing of this kind of recklessness is just not right.

BabsO2:
Oando needs to celebrate the big achievements it has made this year with the successful acquisition of NAOC assets with workers. The bigger Oando work force (ex NAOC & old Oando) need morale boosters of belonging to a great BIG Oando to ginger them to do exploits of restoration of assets to top notch production performance.

Abeg the staff needs the party to keep their spirits high to rev up production safely while thinking out of the box and enjoying their team working that will surely deliver results.

What you need is to get your snacks at the AGM .

So workers need Davido, Wizkid and Burna Boy to keep their spirits high? Incredible So other companies that did not invite these artistes, are you saying that their workers spirits are low or demoralized?

BabsO2:
Shareholders are not the only stakeholders in Oando. The staff who create the value we all enjoy are also critical stakeholders that have worked very hard in the year and deserve their usual Christmas parry.

Christmas party is not for shareholders but for Oando staff. It's attending AGM and any snacks shared there that is for we shareholders when it comes to parry and merriment .

Xmas party can be held in a modest way just like other companies. They don't even need to invite any artiste to have Xmas party.
What is the essence of inviting and paying huge sums to 3 artistes when your shareholders are struggling and the company is hugely debt ridden? How many companies did you see or hear that they paid 3 expensive artistes for Xmas party? Will you do thst if your own company is strugling to survive?
Stakeholders like banks and creditors are also there.
We just read a few days ago how Otedola reacted when FBN held a lavish party for a retiring director.

brotherly:
Nothing wrong with celebrating with a year-end party, even if they choose a high-profile artist.

Their positive spirits indicate they've overcome challenges and are optimistic about the future.

Holding parties to celebrate and paying artistes with shareholders money when the shareholders have not been paid a dime as dividend for a decade, and are dying of hunger? A company ridden with huge debts and struggling to stay afloat?

Such parties should be held when the company is experiencing good tidings and shareholders and key stakeholders have been taken care of and are happy.

thebargainhunte:
Like play like play Oando no go cross #100 this year, It is well.

Lol

KarlTom:
OandO. +1.46%
ETERNA. +8.07%
CONOIL. ±
ARADEL. -9.09%

Thanks, your effort is appreciated.

Pennystockwarri:
Oando having Davido, Burna Boy, and Wizkid at its end of year event while shareholders end up with nothing is bad optics.

https://open.substack.com/pub/lifeasananalyst/p/does-oando-care-about-optics?r=1oizx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Not just bad; it is very unethical, unprofessional, insensitive, and stupid (pardon my English).
That is why they made sure the AGM was held before the nonsense party in order to avoid criticisms at the AGM. But they must be called out at the next AGM

megawealth01:
The truth about Oando is I didn't top up on it. Just the leftover from my past gambles is what I left for WALE until his uncle is done with power

Did you buy HONEYWELL at #4+ when I called severally here?

I have said it, that one of the best ways to make huge money in the stocks market is to look out for undervalued stocks that have stagnated in price because the company is undergoing some restructuring, or turnaround. I mentioned Honey Well, Int'l Breweries.
Int'l Breweries will also break out, but the problem is no one knows the exact time when the turnaround will be complete.
It happened to WAPCO @N4; FBN@N3; BCC(Dangote)@N4; Oando @N4; Ikeja Hotels @N0.80 etc.

[quote author=yoruboid post=133373602]

Extract from the NNPC Limited Energy Relations Stakeholders Engagement Meeting

— NNPCL has surpassed its 2024 profit targets, significantly growing its revenue from 8.82 trillion Naira in 2022 to a record 23.9 trillion Naira in 2023,

— NNPCL achieved a surge in profit to the… pic.twitter.com/GmG2TcUwF8

— Akin Akinwale (@mrlurvy) December 19, 2024

3.2T profit when the people are dying of hunger and starvation from high fuel prices

designking:
I repeat again, I don't need advice from anyone here. It doesn't matter who it is coming from.

Telling people not to advise me is not an insult please. Stop mentioning my handle.

Please rest this matter. Make everybody do theit thing why I do mine. It is a public forum and we all can't believe same thing.

I no dey take unsolicited advise, please stay off

Always be humble, even if you are the richest man.
You just thanked him for the intel/advice that he gave about Universal Insurance which you said is doing very well in your portfolio and you are happy about it. So why this pretense and gragra ?

Namaster:
Divorced women are a big TABOO!

They should be AVOIDED like politicians avoid the truth.

It's either they are so HORRIBLE that a man who spent money on TRADITIONAL and CHURCH marriage could no longer put up with them.

Or

They are so STUPID that made the CHOICE to marry a TERRIBLE man. In other words, they did not see, or saw and chose to ignore, RED FLAGS throughout the dating and courtship phase until they got hitched to a bad man.

Either way, DIVORCED women are BAD news!

Stop generalizing anyhow. I don't you think will be saying this if your sister or daughter becomes divorced one day.
Things do happen that may not be the fault of the victims

designking:
Was that an insult... Asking people to stay off, is that an insult?

I bought Aradel at ₦370 and many here said I was unwise and taking unnecessary risk and I asked them to mind their business... Is that an insult?

What is the value of Aradel today? I made almost 100% from that decision.

I no dey take advise so make una no advise me...

Go and read your own post. It was about Oando, not Aradel!
If you say there is nothing or good advice that he can offer, how and what does it mean to you?
Accepting a mistake does not reduce your stature, it does not make you weak or poor. It only shows courage and integrity.

Panadee:
'Apollo' no gree my eye see this one

Thanks a billion! You are a genius for being able to dig up these posts.
Person wey shit anyhow for ground na him dey forget, the person wey come pack the smelly shit no dey forget easily!

Let's see if @Designking will deny his own posts, this time again.

designking:
You are talking nonsense... Can you point to such post. It is not in my character to talk down on anyone as I hardly have such time.

I do my thing and move on. Like I said, ignore me and focus on your portfolio.

I don't take advise easily and I prefer to take my own advice, my own risks and stick to my gains or losses.

Thank you. Behaving true to type once again.
You claim you don't talk down on anyone, yet you are saying I am ''talking nonsense''.

@Mega himself will be smiling at your self-denials.
Anyway, I wish you the best of luck. We are all learning!
Thank you, once again

designking:
I swear massive returns from Universal. My 10million units is doing beautifully right now.

Thanks, you are the best.

Listen to good advice from experienced and well-meaning elders, and you will not regret.!
I remember the day you dey yab and yawn anyhow when Uncle Mega gave you an advice!

megawealth01:
Anyways... last night both wizkid and davido performed at Oando end of year party .

WALE in a happy mood😂😂🤣

Wale is having party in the midst of all these tension and pressure on Oando shareholders?
No wonder, he was never trusted by some people until recently (I no mention any name ooo)

SalamRushdie:
Beleive these characters at your own peril ... someone that wants to slash inflation won't be pushing for 100 percent increase in VAT

Thank you. These govt asslickers in the media think that people are dumb.
Inflation is not a piece of bread to be slashed with a knife.

FreeStuffsNG:
This was not how others got their approval.

Seplat and Oando's approval were announced by the regulator, NUPRC. Shell is playing political games again. Investors should be very careful.

Exactly. Thank you

femisplash:
This was a repeat of what happened in SEPLAT/ExxonMobil deal before it was resolved through the President's intervention. With recent acquisitions, the Government is working towards its projections of 2.3 million barrel per day.

Stop telling lies and twisting stories to hype and promote a clueless and incompetent President.
The Seplat/Mobil deal was blocked by NNPCL who went to court to enforce their right to first refusal as was contained in their original JV with Mobil which was in ratio NNPC 60: Mobil 40.
They went into negotiations and as a compromise, Mobil had to concede additional10 percent of the JV to NNPC and sold the balance to SEPLAT. So the new JV between NNPC and Seplat is in ratio 70:30
Tinubu did not do jack!

HesInMe:
Ah, now I think I understand what you guys are talking about. I'm talking about the proposal to allow Tinubu's side gig repay their debt to Oando by shares, rather than with stone-cold cash. It's daylight robbery; cash is king.

You guys seem to be talking about how shareholders should benefit from the repayment, assuming side gig does repay with shares.

Yes now.
We are shareholders, so what would be of utmost benefit to us is what we are suggesting.

HesInMe:
Are we talking about the same thing? Cash is cash. No long story about repaying a debt owed to Oando in cash. It's the repayment by share distribution that is complicated.

Cash payment at what value per share?