₦airaland Forum

megawealth01:
Let this full bid do quick joor. My blood dey hot...

Make I collect lapo enter Oando? I need assurance 🥺

Deadlytruth:
There is the need to exercise some restraint at this point, and then observe for sometime before making that dive. Remember very well that OANDO has just done over 500% capital appreciation in the past few weeks starting from about N14, but that it will take a much longer time for it to do 500% using its current price of N84+ as reference point.

Redoil:
all these people you mentioned how many uints do think you they have

ndept:
I want to specially appreciate all OandO faithfuls. I duff my hart for @Bagwa, @prophet Utuocha, @yMcy56, @Mikeapollo, @Megawealth, @Princkez, @Pesuzok et al. You are all appreciated and may the good Lord continually shine the light of his countenance on you and your entire household.

Special shout out to all others who didn't believe in the Oando's upward journey as well. You are all great. We are all good brothers and sisters. I know some of us are trying to watch each others back. Kudos to all. I exited Oando this morning with massive gain. I wish all others in the bus a smooth sailing. Good luck to you all.

megawealth01:
Till $1

bovali:
You forget that anybody can now use phone and sign up to trade from the comfort of their home. So I expect a bigger bubble. You’re a TA guy, you monitor sentiment. Correct me if I’m wrong but what they paid 1.5bn for 20% is what they paid half price for now for another 20% 10 years later? Is Eni foolish? Read the financial statement, rather than dispute ENI just decided to waka pass. You’re a TA guy, you track sentiment. With more people in the market now, wouldn’t that inflate the bubble? My point is, if the ConocoPhillips deal was in 2024, you will see people converting the 1.5bn usd to naira and shouting the share price should be worth that amount. Again, not arguing o but even from a valuation perspective, I think luring anyone to enter now is a bit unfair

megawealth01:
Same game loading...

Make una no fight me ooooo

KarlTom:
Okpai 1 (480MW) is commercially active.
However,the OandO-NAOC deal stated the capacity of both plants (960MW) which is kinda misleading...

ositadima1:
I don't assist my opposition, but on a serious note, the ownership ratio of the Kwale-Okpai power plant under the NNPC/NAOC/ConocoPhillips (acquired by Oando) stands at 60/20/20. It’s up to you to conduct your research.

emmanuelewumi:
They have the first claim to the asset of the business.

The bone of contention is assuming the total asset of a business belongs to the business without considering the banks and other financiers who have input to the totsl asset, what belongs to the business is the net asset which you will get after subtracting the total liabilities

DaddyCoool:
Google Oando, Agip, Malta, Seyi and useless superhighway contract award.
My man is repeating same thing he pulled in Lagos and it's working perfectly

emmanuelewumi:
Total asset minus total liabilities will give you the net asset.


The banks and other financiers have the first claim to the reported power plants and reserves.

The net asset gives a better picture of business

DaddyCoool:
Actually it's gradually becoming. Check out Oando acquisitions

megawealth01:
I worked with FIRST BANK in my days in Nigeria but Oando and FIRST BANK situation ain't the same sha

megawealth01:
Well you won't understand how these things work... So make I just dey observe developments

kunle4toyeyaho:
Nonsense talk. So, he should continue flying a defective jet? That was how the VP of Malawi was managing a faulty jet which led to his untimely death. I will consider it an offence,if he had bought more than one jet. But buying a functional presidential jet in my own opinion is not bad considering the fact that the one being used at the moment is not totally okay.

megawealth01:
Well it possible that Wale is buying sha...

Why will OTEDOLA wait until FBN gets to #19 before buying when the same FBN stayed months on sub 3 and 4?

brotherly:
How many people were willing to sell at N5?
Volume is determined by sellers when they feel the price is right.

brotherly:
If Wale is the one buying, then it would be wise to hold onto the units I have. This indicates that he values each share more highly than the current trading price on the floor.

TA and FA sometimes are after the fact......sometimes you follow first and get explanation later

designking:
I will buy this. I have sold all my Oando and left just 10,000 units for the future. Made about ₦3.6million on it.

Better education has taught me today that the fair price of Oando shares is ₦75 - ₦80. If we equate it with Seplat which has great fundamentals, it should be at most ₦172 per share. At ₦172 Oando will have same capitalisation as Seplat... Which is a long call. Oando is not yet ripe for ₦100 and above.

Note, this is just be own observation. Oando shares too many... It has 22times what Seplat has.

megawealth01:
This table you are shaking go be like COCOPHILIPS vawulence that year in the group I was in...

ositadima1:
When it comes to work ethics and conditions, Agip is the worst of them all. I once worked at the Ebocha Oil Center, one of their storage, preprocessing, and distribution fields, and I know what I witnessed there. Oando has been collaborating with Agip for quite some time—I remember seeing them during my time there. Most of the operations were already being run by Nigerians. I believe they had a few Italians at their gas plant in Omoku.

But do you really think the issues of insecurity, volatility, and asset theft will disappear once Oando fully takes charge?

BabsO2:
Looking at number of shares SEPLAT has 588 million shares while OANDO 12,431 has

robobo:
i mean real price / value could have been $900-$1b and the 783 paid was net of the pending judgement debt of >$200m.

$900-$1b looks more near to real price/ value if you consider what other oil major divestment figures were (including oando/ conoco)

robobo:
You dont need to go too far. check the notes to the last FY report published by oando and you would see that oando and naoc where already in arbitration for a judgement debt of over >$200m which is heavily tilted in favour of oando (such that naoc had to quickly get an appeal against enforcement) the Oando-Naoc deal subsequent to that judgement was to be settled net of the judgement debt (this is also in the notes in the same financial report.

megawealth01:
He is insulting our Oando. OANDO is bigger than SEPLAT.

Who is SEPLAT to compare with a whole bulaba Oando?

ositadima1:
Why did Agip agree to sell for just $783 million, not even reaching a billion, if the asset promises substantial returns? Were they under some juju when they signed it away to Oando? Also, it's more cheaper to build a new refinery rather than purchasing those existing ones, same with that Ajaokuta steel. You'll end up sinking a significant amount of money just to bring them up to functionality and modern standards. Take your time and conduct thorough research.

KarlTom:
I dropped the ENI FY20323 report here some days ago (I will search for it again).
I asked myself the bolded and took time to search for answers...

NB: Mobil, Shell and co are also selling some of their assets.
I will bring this up again AFTER the deals are completed...

I am in the industry...

KarlTom:
I dropped the ENI FY20323 report here some days ago (I will search for it again).
I asked myself the bolded and took time to search for answers...

NB: Mobil, Shell and co are also selling some of their assets.
I will bring this up again AFTER the deals are completed...

I am in the industry...

godlyguy:
SEPLAT not in the same class with your oando

megawealth01:
We bless GOD that Oando didn't end in full offer today. The cry and blame games here for shock bulaba

Choiceguy:
I don't think this is coming from you because you are so much in love with Oando .