₦airaland Forum

Ojuntana:
Lol.
You're still here defending Oando
Bros you no dey tire?
Haba!!

I was taught and educated by people who did not get tired whenever I repeated my mistakes and errors.
So we must not give up easily when we see others committing the errors we did in the past and were only fortunate to get people educate and liberate us out of ignorance.

It is not about Oando. Most Nigerians just like to peddle falsehoods and lies against rich or successful people, just because of politics, tribalism, ignorance and mischief. That is a reason the country is full of ignorant majority who end up voting for useless and incompetent politicians who deceive them several times and again and again.

NB:
I am not a fan oft Tinubu; he is totally useless as president, a failure and grossly incompetent.

nedekid:
Where have you been?

I have never been to anywhere. But I refused to be misinformed and misled by the sheer lies and lies being spread and propagated by ignorant and mischievous people because of politics or tribal bigotry.

My question still stands: which deal has Oando signed with NNPC in the last 2 weeks?

Saao:
the question u asked was directed to someone I only assisted him in sending u that tweet, it wasn't a rant but the fact except if you don't know the current info. Nnpc retail that signed agreement with dangoted that's selling fuel for 855 plus is now owned by OVH, OVH belongs to Tinubu and managed by Wale Tinubu so you now know why that tweet isn't rant but fact.

Please, try and read some text on acquisition and merger of companies, as well as corporate governance,. This is how how we all can learn and educate ourselves and not join in making ignorant noises.

If I establish a company called ''moa'' using the initials of my names, I can sell the company to another person, and the person can still decide to retain and use the same ''moa'' as the name of the company he bought from me. The company no longer belongs to me, but belongs to the new person, even though he is still using the old name ''moa''.

That is what happened between Oando and NNPC, but the name ''OVH'' is getting people confused, believing that OVH still belongs to Oando. OVH is now owned 100% by NNPC because it had been sold to NNPC years ago.

MadPolitician:
When tinubu went to France a negotiated that deal that wrote off ENIs court case with Nigeria that runs into billions of dollars before Oando bought AGIP, you should know that something is in the offing. ENI and AGIP are basically same. Obviously that agreement was reached to throw out the court case in other to smoothen the road for Oando to buy off AGIP.

There was no guarantee that Nigeria was going to win the case against ENI. How many cases has Nigeria won in international courts or arbitrations that you know?
ENI was already leaving the onshore segment of the Nigerian oil and gas sector and they were not producing maximally from the onshore fields, hence the government could not get the maximum revenue from those fields. But FGN needs revenue badly, so they need to keep those oil fields running and working at optimum levels so they can generate revenue for the government. The court case could drag for many years while govt is starved of the much needed funds.
So the FGN had to find a way to resolve the logjam so that the oil fields would be put to good use. This was done for ENI, Shell and Mobil (I think) so that other Nigerian companies can put the onshore fields to better use and generate revenue to the government without much delay. People only talk about Oando because the CEO is related to the president.

[quote author=Saao post=131848739][/quote]I asked you, which deal has oando signed with NNPC in the last two weeks?
What you are showing does not make sense. It is the ranting of someone who is equally ignorant.
A deal is a contract between two or more parties, signed and sealed. So what deal has Oando signed with NNPC in the last 2 weeks?

Namaster:
Insane!

A MEDIOCRE company added a WHOOPING #926 BILLION to its valuation in just ONE year and it's denying any WRONGDOING?

The company was established in 1956. So for 67 years of its existence, it could NOT break ordinary #100B valuation.

But in just ONE year of CROOKED Tinubu's Presidency, it added more than #900 BILLION.

Something, it couldn't do in 67 years. But there's no wrongdoing.

How convenient!

As if that wasn't bad enough, Tinubu also gave a #15 TRILLION contract to his son's company.

FIFTEEN TRILLION!

Corruption is now FEARLESS. Criminals in power don't even BOTHER to pretend anymore. They FLEECE the masses and laugh at their misery.

Tinubu BORROWS money from creditors with MALIGNANT stipulations like removing petrol subsidies that make the life of the AVERAGE Nigerian UNBEARABLE and turns around to PUT the money in his OWN pocket through SHITTY companies ran by his family members and cronies.

Tinubu is basically ENRICHING himself by RUINING the lives of Nigerians.

I hope SENSIBLE people see this and start working hard to LEAVE Nigeria becsuse there are ARMY of morons who will still VOTE these criminals into power in the next election.

Refer to the bolded.
What you typed show how ignorant you are as far as the stocks market is concerned. Oando is currently selling at about N90 per share.
The same Oando was selling at about N200 per share in 200-2011. That was more than double the price it is selling now.
There are several factors that affect the price of stocks in he capital market, and it is determined by market players. The same Oando was selling at N3-N5m some years back because there were no positive news to ginger the interest of investors.
There are several companies that have witnessed astronomical price hike on the stocks market, and Oando ill not be the first or the last to experience such.
Tinubu is a failure and clueless, but we cannot just be spreading lies and hatred against Oando just because we don't like the president who happens to be an uncle to the CEO

KarlTom:
It is doing yoo-yoo

Lol!
What are your eyes seeing? Please cry out if your eyes cannot see again ooo! Don't let Oando do yoo-yoo for now

tishbite42:
Massive state capture
Oando abi Oodua Republic
😂🤣😂🤣

So there are no other directors of other companies that have been appointed by this government?
Must everything about Oando be shut down and destroyed because Tinubu is now president?

KarlTom:
It is doing yoo-yoo

Lol!
What are your eyes seeing? Please cry out if your eyes cannot see again ooo!

yMcy56:
It's not only prophet that prophesy this OANDO.....
Many people talked about the positivity of this stock.....
OGG, DeruggedProf and few others......let's appreciate them too.
Still want to find time to look for Prof's post on it.

Yes, I know several other people highlighted the potential in Oando.
I referenced ''no shaking'' because that was ProphetUtuocha's usual way of expressing confidence in Oando.

Personally, I also discovered the potential in Oando years before I started reading ProphetUtuocha's prophecies.
But at a point in time, he seemed to be the person who was bold enough to stick out his neck for Oando, when almost every other person was doubtful, unsure and even scared of Oando's prospects.
He even predicted a 400% gain in price before December and insisted that all his prophecies would come to pass, even in the midst of not-too-good news and poor results about Oando, which have all been surpassed in August!.
No other person had the confidence and audacity to do that! His confidence actually encouraged someone like me to keep my Oando units. So he deserves some special commendation, while I also acknowledge every other person that made some positive inputs as well e.g. OGG, DeRugged Prof, PeteRichy, Megawealth (his only headache is Wale), yourself, etc

yMcy56:
Profit taking earlier........down to 83...
It's back @86 now....

ETERNA @35.40...

Thanks, no shaking on Oando (credit to ProphetUtuocha).
They will come back and meet us in there and will struggle to get in once more.
The bad economic news about increase in fuel price and VAT is partly the cause

yMcy56:
Profit taking earlier........down to 83...
It's back @86 now....

ETERNA @35.40...

Thanks, no shaking on Oando (credit to ProphetUtuocha).
They will come back and meet us in there and will struggle to get in once more.

KarlTom:
OandO...

Time to do some JIJO

Is the Oando price falling or rising?

megawealth01:
The crazy thing is that fuel is almost sold at N1,450 in Nigeria as reported by Vanguard Newspapers, and everyone seems to accept it as normal

That is because most of the so called civil society critical media groups who were very loud and all about the place during OBJ and GEJ era have all been compromised.
Unfortunately, not all the regions and zones in the country cooperated during the last protest, as some decided to dissociate themselves and did not join.

So the govt sees that the people are not very united, hence they can afford to do anyhow.

Payunsin:
My liver cut n I sold 50% of my Oando yesterday.
Wetin dey floor ooo.
What can I buy.
This Oando igaara no get part 2.
I thank God

Yoruba people have a sayin that ''he who must eat ''gbi'', must know how to die ''gbi'' ''!
The ''gbi'' here means ''heavy''!

So you must have a way to survive the heavy disappointment (or fall) if the heavy projection (price gain) fails you.

Oando is for those who want to eat ''gbi''! But it will surely deliver in the long run

JAOS:
Nigeria-China sign MoUs on power, rail construction

This useless, clueless and incompetent president is still talking

2special:
Wow, Oando shares that was about #35 last two weeks is now almost #90 today after the deal with NNPC.

Do you know what you are saying? Which deal has Oando signed with NNPC in the last two weeks?

Kokomaster69:
Gbaja can't do anything to Kyari. They are all same same cabal. Ask yourself why Kyari hasn't been sacked since the so-called president came onboard despite all kinds of allegations against Kyari.
Do you know the kind of assistance Kyari has rendered to Oando through back doors?
Make we dey use our tongue to count our teeth wether dem still complete 32

What kind of assistance has Kyari rendered to Oando through back doors?
And please, do not mention the lies about OVH because OVH is 100% owned by NNPC since it was acquired by NNPC from Oando years ago!

brotherly:
Price might drop , but it will never be full offer. Oando fit wan rest small to drink water before phase 3 start

When volume and price moves the way Oando has done , it is likely very many people are thinking medium/long term

There might be some feelers from Oando's yet-to-be released H1 2024 financial results that is fueling the price surge.

GeeKudi:
This is the crux of the issues we are facing today. As Nigerians, I think we are just too emotional to critically analyze our problems and come up with the most cost effective solutions.

B[b]efore the elections, there was a consensus across the nation - politicians, economists and virtually everyone loudly agreeing that subsidy must be removed and the exchange rate dichotomy be abolished[/b]. We were all too emotional and short in thinking to consider what the combined effects of these would be on the pockets of the avaerage Nigerian.

We are a nation dominated by low income earners. How we thought subsidy to be evil and agreeing for politicians to do away with it needs to be studied. They told us subsidy removal would cub petrol smuggling. What is petrol smuggling if not a failure of the state to man its borders and protect its economy? As citizens, we allowed politicians to blame us for their failiure thereby passing the consequences of this failure on us.

Nigeria is in a very serious state at the moment and there seems to be no respite in sight. Anyway, thanks to OANDO for this past few weeks. long may it continue

Where and when was the so-called ''consensus'' held virtually with ''everyone'', and with whom?. I did not give any consent to any useless subsidy removal and floating of the Naira.
Only a foolish president would just wake up and direct its central bank to float its currency overnight, without any stakeholder consultation or engagement. It boils down to the empty arrogance of the Tinubu govt who thinks he is super clever,
Why? Is Tinubu more intelligent than previous presidents/govts. that refused to float the naira or what does he think he is?.
Disaster is what happens to any country, African for that matter, that decides to float its currency in an import-dependent economy.
You first said, ''subsidy is gone''. then you went back to devalue your currency when you know that we import fuel into the country for virtually everyday use. Common sense should tell you that the best thing is to manage the exchange rate and never to allow the artificial, invisible hand of 'free market'' to dictate your exchange because that is recipe for disaster for an import dependent country

naturalflow:
They allowed Oando to closed at 91 today so that from tomorrow it will be round figure 100,110,120,1750.... Chai

Lol!
That is what you wish to happen.....even up to N1,750! Clever guy!
Let Oando breathe!

Yourprick:

https://www.youtube.com/watch?v=a7j5S9xhowY?feature=shared

So the FG/NNPC increased the fuel price in order to enable Dangote to sell at higher than the previous price of N650!

stcool:
Dont worry offer go soon full everywhere

Lol! No be today. I have been in since when people were dumping Oando at N5-N8.
It is not now that I would be scared of holding it further.
I know my target, and I will sell when it gets there. But no Jijo for me right now.
Oando wants to make a point, and it will rise above MRS and CONOIL in few weeks/months time.

GeeKudi:
My average is #23. I am not selling anytime soon.
We are in this come rain come shine

My stockbroker wants me to do Jijo by selling Oando now and buying back when the price falls.
But I am not doing shit!

megawealth01:
I love you because you are always HONEST na why me and you dey tango

The genesis of all these was that statement made on the FIRST DAY "SUBSIDY is gone"

Subsidy can be removed without mentioning it on the first day... Well we have kept the ground running since then

If I say what's in my mind about Blulaba, the owner of nairaland go ban my account forever as they banned my original moniker

Please say it. People need to voice out!
The govt is just totally useless and clueless. Just packed his Lagos boot lickers and gave them FG appointments in Abuja with nothing to show. Very nepotistic, incompetent govt. It is just a pity he bears same surname with the CEO of my Oando.

olig:
Unfortunately, even Madam Patience Jonathan does want to go back to Aso-Rock.
I know is that "I want to share love with you people" (in Madam Patience voice), and get some OANDO-like loot (since I missed out on OANDO)

When I say Tinubu's govt is useless, clueless and a big failure, this is the just one reason. A govt that does not think well before it acts will only end up throwing the people into crises and suffering.
He has created a huge public image and credibility trouble for Wale Tinubu and Oando, all because of his bad government policies

Payunsin:
My liver don dey cut, I have started selling part of my Oando.
Though I still have the believe it will rally higher

Oando has now become what the Yoruba call ''Igbo Odaju'' i.e. a dangerous forest for only the mean, brave and strong-willed heart.
Do not enter if you cannot stand the horror!

maasoap:
Because I get sense, that's why I would say the same thing. Everything shouldn't analysed using politics. I voted for Tinubu if you care to know

Tinubu is just useless, clueless and a disaster!
But I try to separate his uselessness and disastrous govt from the Oando issues, because I have been following Oando long before Tinubu collected APC forms to contest for the presidency

MARKETJJC:
we told them, ETERNA will be moving as long as Oando dey move, then now with increase in PMS, more money for us. People crying dumping will not come out now

Eterna cannot be perching on Oando for ever!
Where was the ''Eterna team'' when Oando fans were under huge stress and pressure waiting for countless court adjournments? Plus the mockery from those who do not believe in our team and our coach (Wale)?
Even twins get separated when the time comes. Eterna fans must watch out, We cannot continue to play ''fixed friendly matches'' for 10% daily gains!

megawealth01:
Someone said I was MH on ETERNA and I laugh... Na so una go make people with sincere motives of helping you guys get wealthy just keep mute...

I usually ignore silliness anyways because as an ANAMBRA ELDER I don't have time for stupidity

My man, just do the best from your good heart, and leave the rest for God and posterity. Remember this forum is full of the good, the bad, the ugly, the stupid and the wise!
If you have something that can benefit humanity (generality of this forum), be kind to share. Those of us who appreciate will thank you for it, just like we thank ProphetUtuocha for his Oando revelations. But he was also insulted by some people.
How many of the 10 lepers that were healed by Jesus Christ came back to thank Him?

Pete002:
so, is "overbought" for the poor?
the buying power is crazy

I suspect there is some deliberate effort/attempt to make sure that Oando's price rises as much as or higher than the price of MRS and CONOIL which are downstream companies

Mrexcell:
Nnpc abi oando retail?

Where would you see Oando retail? Don't be deceived by the lies and propaganda.
NNPC Ltd (Headquarters, Abuja) is the owner of all its retail outlets, including NNPC Retail Ltd and OVH Ltd, which was sold to NNPC several years ago. Oando is no longer the owner of OVH!