₦airaland Forum

Baxilexi:
No commodity has an intrinsic value, we place value on the product.


The true value of crude is the operational cost in lifting it out of the ground which is X, not $77 per barrel.

One company sells a leather belt with the same leather quality for 1m USD another sells for 10 USD, both are making profit but the true cost of extracting the leather from animal hides is far lesser.

If we had a sincere government, now that Oando controls the largest upstream oil field, they should be sincere enough to let us know the true cost of lifting crude out of the ground and not the international market price.

Also, it can come at zero cost to the government with concessions.
Take a certain percent of what you lift as payment.

Oando does not control the largest upstream oil fields . Get the facts right. Shell, Mobil, Total, Chevron etc all have bigger upstream oil fields than Oando

chimex38:
Comment below not referring to you.

@colored
(as only a point of reference).

Personalizing a stock with "my" in ones mind before typing is what I think usually leads to entitlement on a stock and thus emotional or insulting comments on counter opinions.

Of course, na where person money dey, im mind dey.

For those who do and yet engage counter opinions fairly , it takes only a great deal of self control, maturity amongst others.

Unless of course, one is just catching cruise using the "my" word, which naturally will be obvious.
Again, I quoted You just for reference on the colored word, not referring to You Sir.

Why can't you allow me to deceive myself a bit and describe Oando as "my Oando" so that I can be happy at least for once in this country? Dont you know I am the CEO of Oando?
Please be careful.

God1000:
US provided the bombs and planes used in the assassination but they claimed israel didn't inform them in advance

The planes were purchased by Israel from US.
If I bought car from you, do I need to inform you or get your permission before driving it?

SonofElElyonRet:
I had dropped this matter until you reared your unfortunate head to spew trash. Your brain lacks the capacity to understand the issues raised. No words to exchange with a nitwit nonentity seeking attention and recognition. Argue and rant with yourself and your keypad.

Hi guys,
I understand how you may feel. You may have some point but please, let us avoid the use of derogatory words directedly at each other. We never know who is or may become our friend or benefactor in real life.
Let's us be measured in our words and reactions even when we are justifiably angry.
I am not pretending to be a saint or better than anyone here, but we have to let cool heads reign.

Everyone of us should have learnt a lesson about where we went wrong!

Peace and best of luck to everyone, including those who believe in my Oando and those who do not (greetings to Godlyguy)

fergie001:
The 35-year-old victim hails from Bauchi State


SOURCE

Why allow such a dangerous animal to be kept in a place like that? Just because the owner is an ex-president or what?

Softmirror:
Is war anything new to Iranians?!

How many wars has Iran fought and won compared to Israel?

[quote author=Bebigiby1 post=132184724][/quote]These guys should plan and mobilize people very well ahead of the protest. It seems they are rushing to make it October 1.
It is not necessary that the protest must be on October 1, even though would be very symbolic.

megawealth01:
If you understand this eh you will just enjoy this forum

Epic!
Unhealthy habits make talent go waste or reduce its potential!

godlyguy:
There you go again. I said Tinubu. I didn't mention any politician. Well your conscience is working really fast

Kudos

You must be new here on this platform. On this platform, these are the names we use:

Tinubu = president Tinubu
Wale = Wale Tinubu, CEO of Oando.

godlyguy:
Let me help you a little

Tinubu is releasing more dollars for oando so it can clear 50% of its debts

Please, please, please!
I don't mix the reason why I am positive about Oando with politics. I discovered the potentials and started accumulating Oando shares years before Tinubu contested and became president.

As per Bola Tinubu, it is my candid opinion that his govt is a huge failure, a disaster and the worst in economic management in this republic. He is totally clueless, incompetent and bereft of any meaningful ideas.
But Oando is a stocks quoted on the NGX and a company with management and performance not necessarily tied to Tinubu.

I would have been the first person to dump my Oando shares if my dislike for the Tinubu govt is the basis for appraising or buying or holding any stocks

godlyguy:
Last minutes marketing of oando has started. Kudos

Be wise

The Oando gang are only interacting with themselves because the release date for the H1 2024 results is near.
Let those who want to dump Oando jump out and dump it immediately!.

No one is marketing Oando; no one is doing any monkey hunting

Bagwa:
ON OANDO
On loans, upstream oil and gas is heavily leveraged worldwide. Oando will substitute its costly foreign debt from Nigerian lenders and replace it with much cheaper debt from foreign lenders.
There are also hidden value in the Eni balance sheet which will be merged with Oando’s.

You these guys cannot keep a secret secret for even half year (H1).
I am flabbergasted by this Oando gang once again!
ENI balance sheet value/benefits can only reflect in 2024 full year result

designking:
I believe this because First Bank is already out of his control. Otedola has taken over FBNH

Oba Otudeko will surely fight back. But as long as the price rises and they pay good dividends, shareholders should be happy

Divineability:
With all due respect, I don't agree with you on this. I value each and every expert on this platform who volunteer information, including those you tagged evil. I observe that they always put a caveat when they make their submissions, e.g. do your diligence, you are the MD of your portfolio, not a sell or buy recommendation etc. The onus is on us to sieve the pieces of information, do our own diligence, and make decisions.
This market is an ongoing process; it is not over until it is over. We all need to play safe and smart.

Great submission. Kudos

Akpaamunsi:
One of the people you quoted gave recommendation on jaiz bank when it was 2.50 in February. Na there my money hang till today. Don't follow people's analysis because they sound sweet and polished, without doing your own independent due diligence, otherwise you are O. Y. O

Of course, I would do my due diligence and further analysis.
But what I mean is that you weigh and give some consideration to their opinion, not necessarily taking it 100%.
Anybody can go wrong and miss the target on NGX, but at least you consider the counsel of wise people, not otherwise.
I ignored all the negative comments about Oando because I learnt a bitter lesson when I discovered the value in FBNH, BCC (Dangote) Cement selling at about N4 but I missed buying them and they both later got to N70. That is when I realized the strategic importance of taking position in companies when they are undergoing some restructuring or turnaround.
International Breweries is undergoing a similar experience. The problem is we do not know the exact timing of the events and when things would eventually turn around. But if you have the money and can wait, Intl Breweries is another potential goldmine

SonofElElyonRet:
Bro maybe you've noticed that I've been quiet a bit. Some evil people particularly that street investor chap here do me strong thing but i blame myself. I just recovered from the psychological trauma. Me wey talk say i no go sell my very plenty oando when the guy was trying to cause panic actually panic sold at N29 and on the same day it started to go back up. Another guy well respected also said here that Oando could crash to N10 simply because he didn't buy when cheap (sour grapeeism). I sold all even when my broker said to keep like half. It really affected me.. i sold all Japaul sef out of depression . But i don recover thank God. i have rebought Japaul even more than i had before. Also tripled my Ellah holdings.. as better people dey here na so yeye people dey..

p.s. enjoying the ellah ride. I rebought at good price.. both ellah and Japaul will be big in the future

I would not want to blame anyone here, but my advice is this: before you take someone's opinion about your investments/stocks seriously, try and understand the kind of person, the mentality, level of enlightenment/education, knowledge base, exposure, attitude, manners, psyche, disposition, maturity, intelligence etc. of the person.

There are some folks here that I take their words and opinions seriously because I have been able to assess (from their posts) the kind of persons they are. You don't just listen to every Tom, Dick and Harry!
We should listen to reason and facts, not noises borne out of ignorance and shallowness of the mind!

For example, I am now looking for some money to buy Unity Bank right now, because @Megawealth (one of the refined guys on this platform) has given a recommendation based on some solid strategic insight that he released.
I had also suggested that Intl Breweries would skyrocket after their restructuring and turnaround, but my conviction has been boosted by @OGG who has provided further insights about the potential of the stocks.

I will also consider strongly if someone like @Bovali should recommend a stocks, because she does thorough and professional analysis of stocks (even though I disagreed with her on Oando, which was an exception)

This place is like a market; some people here are just for noise making and nuisance value.

Today, when someone talks about Oando (or any other stocks) that you have with potential for more growth, some people would start saying you are desperate to push it to N100 or you are doing monkey hunting.
Which investor does not want his/her stocks and investments to grow in value? That should tell you the petty and shallow mindset of such people who accuse people of being desperate to see Oando clocking N100, even though they had the same stocks and sold it, made profits, but then they expected and still want the price to crash after they sold.

chimex38:
The 6month rule is it Prior to Announcement by the company or Prior to AGM?

Or probably this your case is different since it originated from shareholders and not management?

Na NGx rule book go clarify.

It is 6 months prior to the AGM where the scheme is approved by shareholders. This was discussed extensively during Oando's case and that is what the SEC rule says..

LadyExcellency:
Sanusi, the CBN Governor who doesn't know the difference between turnover and profit. The man who presented the presumed daily sale of crude oil of 2.1 million barrels multiplied by the prevailing crude price and expected total remittance by quoting the $20 billion deficit as missing without asking NNPC for the cost of operation and reconciling with the Finance Minister.

You are ignorant. The law that set up NNPC does not allow NNPC to make deduction of cost of operations or expenses from sale of crude oil. The sale of crude is purely government revenue which must be remitted 100% to the nationa coffers. The NNPC cost of operations are provided for in their operational budget which is approved by the national assembly.
Jonathan messed up with the way he handled Sanusi at that time. A person who was trying to help you check corruption in your govt becoming your enemy . Where is Diezani Madueke today ?

GeeKudi:
Ok. It means the company can unilaterally determine the buy out price without a meeting and consent of the shareholders. What if they refuse to sell like the Oando situation?
Maybe someone with better understanding of the rules can enlighten better.

The price shall not be less than the highest market price in 6 months prior to the date of the AGM where shareholders would give approval to the company to buy-out the shared.
Oando's proposal to buy-out shares was originated by some minority shareholders, and not an official request from the management itself (although it was later ordered by the Court to respond), so it was easy to be thrown away and killed by other shareholders.

dre11:
https://leadership.ng/just-in-no-49bn-missing-under-my-watch-ex-president-jonathan-speaks/

Jonathan is truly clueless as a president!
Why is he defending the NNPC?
Sanusi said there was an unreconciled difference between oil revenue and remittances made by NNPC to the CBN!
Reconciliation of balances is normal thing in Finance and Accounting. A balance that is unreconciled today can be perfectly reconciled tomorrow.
It was journalists, the media and political opponents that termed it as ''missing'' money.
The total amount can be reconciled in bit and tranches.
It is a fact that the NNPC could not reconciled USD20b up to date

TheBreastSucker:
Thank God they have not started making fake breasts

They have not started making fake breasts, or you have not started sucking?

madridguy:
Hezbullah will be somewhere jubilating now. What they are waiting for since is ground invasion.

I hope the baby killers come along with enough body bags.

God bless the resistance.

You people said the same thing when the Hamas/Gaza war was about to start.
I hope you know the people inside the body bags in Gaza right now.

People who don't think!

chidan1214:
Guy we are here for the entertainment that are presented here. Nor b me talk am. I just referred to it in a comment here.

See the link below...
https://www.nairaland.com/8206570/tinubu-nephew-wales-oando-market#131889173

Enjoy

Empty noises borne out of ignorance, mischief, politics and propaganda

ndept:
If you must know, this is @kolaish and I joined this forum around 2015 or thereabout and have been on NSE/NGX for over 3 decades. I went for holiday outside the country and during that period gave the laptop I was using to communicate on this forum to my third child who recently got admission into the university so that he can be using it for school assignment. Coming back, I forgot the login details of my old moniker and the email password. This is the reason why I opened a new moniker @ndept. If the so-called to.ut in the name of streetinvestor2 is bold enough, let him give us his old moniker to know who he is.

I have been long enough to know how many resource persons we have lost on this forum due to ru.de people like him and I will not allow him to turn this platform into a mediocre that he is. If he does not stop abusi.ng and calling people derogatory names here, I am ready to tackle him all the way. Good people should not always keep quiet and allow bad behaviour to linger for long until it becomes a norm. That is part of what led our country to where we are now, because people do not want to tackle bad people/behaviour collectively.

I really appreciate you and your sense of discipline. I would suggest that you ignore irritants on this forum! Thank you and God bless you.

fernandez1:
9/11 was done by Israel mossad since US refused to fight Israel war in the region and alleged Iraq of owning WMD which was all lies.

But with 9/11 that was preprated by mossad agent hired in Saudis, that's why US thought it's Arabs not knowing they are brainwashed by mossad to carry out the atrocities.

5 Israeli were dancing while WTC was on 🔥.

They were arrested by FBI and fbi knows who they were and their mission by where released and deported b4 the media will be aware.

Absolute crap! Nonsense!

Watcharena:
did Israel enter gaza in order to encircle it and control what goes in and out or they went there to rescue hostages and make hamas a history which they have failed to do

Has Israel told you they are tired and cannot continue?
Why are you people shouting ''genocide in Gaza''?
If you want to know if Israel can achieve their target or not, then you people should shut up and let Israel continue with the war and let's see if Hamas will stand.
Israel did not give a timeline or deadline for the war, so they are still on course

chidan1214:
Defender's of lies and corruption are talking here. After listening to how articulate the caller was you still speculate that it's all lies. Chai, you sef nah thief, that's how someone was arguing that wale Tinubu of oando is not related to thievnubu only for wale himself to call him his uncle after a report came out that oando was worth 50 billion before thievnubu became president and now worth more than one trillion hahaha thieves plenty for Naija and the funny thing b say nah poor fools dey defend and worship the thieves

The worth (market valuation) of a company fluctuates up and down. It does not remain the same for ever. When it goes up, it does not mean that the owner has committed any crime or fraud. It is not thievery.
It only means that more people (investors from Nigeria and abroad) are buying the shares and the price is rising on the stocks market.
The share price of companies owned by Tony Elumelu, Dangote, Otedola, Rabiu, Jim Ovia etc. have also risen astronomically in the past; and that is not a crime.
Tinubu's govt is clueless, useless and incompetent. But separate Oando's market valuation from the govt issues.

HenryWilliams:
Israel lost the 1973 war with Egypt.
Get that clear

Are you dreaming, or where are you coming from?

fernandez1:
U people think we are still in 1948..... same war he his fighting in Gaza with more superior power and still couldn't win for 11 months..... hazbollah isn't hamas..... Israel will learn the hard way that the propaganda he has been using in Gaza isn't going to work with Lebanese!


And don't forget he was defeated by this same hazbollah in 2006.

Why don't you ask yourself if the people that attacked Israel on Oct 07,2024 have won the war!
Nonsense!
Whenever the international community is able to negotiate for peace and the terrorists survive, you celebrate it as ''victory'' . SMH

Creamcrest:
I don't get it,I thought they said they are trying to reduce the excess money in circulation so as to curb inflation.They keep hiking interest rates to achieve that.

And now they come out to say they are trying to ensure enough cash in circulation.

I don't understand.No wonder kperogi called cardoso an "Airhead"

This CBN under Tinubu;s Cardoso is just clueless and confused

stcool:
They learnt from Oando....constantly trying to reap off retail investors. The way things are going, I may just focus on only Banks.

Wow. FMN seems to have obtained the requisite approvals, pending shareholders vote at the AGM.
A key difference between FMN and Oando's case is that the SEC did not give its ''No Objection'' response to Oando, an indication that they would reject the delisting

santaclaws:
Wise king... Hopefully his subjects will listen.

It is better you give your advice to the stupid and lawless Nigerians who travel to foreign countries to engage in crime, drug trafficking, armed robbery, thuggery etc.