₦airaland Forum

crownprince2017:
The ogas in the house, pa Emma, mcy , current price et, al. What is your advice on oando, the noise is getting much on it ooo...pls help the newbies..

If you have the money, buy as much of Oando as you can.
But you have to be patient until at least next year. The gain will be massive when they declare their results for FY2023
Oando has had some governance challenges in the last 10 years or so in the board room (management/shareholders), SEC troubles, forex losses and interest on loans etc. that affected their performance in the past.
They seemed to have turned the corner with the declaration of profits in FY2021 and acquisition of ENI/NAOC which could be a gamechanger. Also, a look at the share prices of its peers on the NSE....that should tell you that OANDO can potentially sell between N50-100 in the next few months, especially when the buyout offer is rejected at the AGM ordered by the court.

Labdi69:
Bought my first stocks yesterday.

I bought dangote sugar, fidelity bank, Oando and transcorp. I feel like selling my transcorp to top oando.

Although my portfolio value dropped slightly after i bought yesterday o. Silly me i thought it was typographical error on the app oo. I now called customer care to complain 😁. They must have had a good laugh.

I’m not moved by daily price movements anyway especially as I’m in it for the long haul. I have also managed to develop some shock absorber from my days in gambling.

Once i hit it big, i quit the 9-5 rate race immediately and ride off into the sunset.

OANDO has almost weathered the storm and will clock N50 very soon, especially after the court case. The company made profits in FY2021 and has just acquired ENI/NAOC, another big player in the oil industry.
I am sure the minority shareholders that took the case to court are regretting their action now.
Anyone that has some idle cash to spare and stake should load it on Oando before Oct10 when the court sits on the case.
The price rally after that date may be crazy because Oando is likely to release its financial results for FY2022 shortly before or after that date..

ogoo4real:
Oando still on full bid @7.70

The minority shareholders are likely to withdraw the court case against Oando, and the AGM (which the Court says should either reject or accept the buyout offer) will definitely reject and kill the buyout offer. Then everything goes back to status quo ante.
Oando has had a difficult decade, but a company that is able to acquire ENI/NAOC is definitely not a company doing badly.

I pray and hope that the acquisition of ENI/NAOC is by 100% cash consideration....that means the number of OANDO issued shares does not change thereby the additional profits from ENI operations would translate to potentially higher earnings per share (EPS) and dividends per share (DPS), plus further price appreciation for Oando shares on the NSE
This is the time for visionary and bold investor to take a position in Oando.
This is how some smart people make billions of naira over a short period of time, but the ignorant would always suspect or think that such people are involved in shady deals.
Opportunity! Opportunity!! Opportunity!!!

Don't say you were not informed or educated about this!

Frangel:
Like Ardova, like Oando.

Ardova came up with a buyout offer of N17.38 prior to delisting. Some 'good' news came out and investors (abi speculators) rushed in and bought the shares even at over N20. Ardova went ahead to delist paying N17.88.

Oando wants to delist, offering N7.07. Some 'good' news has come out and investors (abi speculators) are bidding and projecting the price to hit N100 and above. Na wa!

Oando has a negative book value per share of about N10 as at Q4 2021 (unaudited). So the N7.07 is a generous offer by the majority shareholders for a company worth less than zero and the last Audited accounts states reservations as a going concern. Oando will get easy approval for N7.07 or thereabouts.

The litigation was instituted by some minority holders 'begging' to be bought out and it was upheld. The adjournment is to brief the court on progress made.

They could well sell some warehoused shares at over N8, push through the delisting and buy out at N7.07 or something close. They make money on speculators that didn't exit on time.

For the risk-taker, why not speculate on DanFood or other stocks that have not indicated clear exit prices?

Caveat emptor.

It is free market, but there is no need to tell lies or put a spin on matter of general public knowledge!

The Court has ordered that an AGM be held for all the shareholders to decide whether to accept or reject the offer.!
When did the AGM hold and the offer was upheld? Quote the date and venue if you know for sure!

Frangel:
You think those few shareholders did that on their own?

It's okay with your projections. Time clears everything. I might be wrong.

PS: What you quoted was incomplete. I posted in error.

I understand your arguments and line of thinking. It makes some sense to be cautious and not over optimistic
But I am a shareholder and did not authorize or ask those investors to seek for a compulsory buyout on my behalf.
Buyouts should be voluntary. That is why the Court ordered that the shareholders must sanction it at the AGM.
I guess the Court was willing to give more time (about 6 months from March when the case was last heard) to see if things could turn around so that the buyout could die naturally, and that seems to have happened now.
The buyout offer price of N7.07 would have made sense and succeeded about 3 months ago when the share price was around N5.00.
But with the current trend and the ENI acquisition, the buyout offer will die naturally!. No shareholder would accept a buyout for him to make losses. If the OANDO Management offers a higher buyout price and raise it to something reasonable, shareholders may then accept it, and the company can delist
I bought a lot of OANDO when the price was around N5, so I have nothing to lose if I received the offer price of N7.07 (but I will reject the offer at the AGM because I need to make more money from future price appreciation, and most shareholders have similar sentiments)

Frangel:
Like Ardova, like Oando.

Ardova came up with a buyout offer of N17.38 prior to delisting. Some 'good' news came out and investors (abi speculators) rushed in and bought the shares even at over N20. Ardova went ahead to delist paying N17.88.

Oando wants to delist, offering N7.07. Some 'good' news has come out

The scenarios are different!

In the case of OANDO, the majority of shareholders will decide at an AGM. Recall that the Management of OANDO did not initiate the buyout process; the buyout was triggered/initiated by some aggrieved shareholders who lost patience due to the protracted issues/battles of OANDO and SEC which affected the share price.
So the Management only obeyed the Court's order to make an offer in response to the buyout option that was instigated by the aggrieved shareholders, but subject to the approval/acceptance of majority of all the shareholders (rather than the majority shareholder).
It is certain that the majority of shareholders will reject the buyout offer at the AGM (most of the deals on the NSE are by informed investors most of whom know the implications).
I will be at the AGM to add my voice to the rejection of the buyout offer!

Look out for OANDO selling at around N150-200 by next year, after the court case!

yMcy56:
Think you made some valid points here.
Shareholders should reject the buyout price at the Court Ordered meeting, then case closed....

Either the company will be forced to up the buyout price or drop exit and continue to operate as listed company.

Let's be watching the drama sha.......

You are perfectly right!

yMcy56:
E Ku Market o.

Battle for the soul of OANDO the new bride in town........

Currently trading @7.35 in market.......
Went as low as 6.80.........now @7.35.....

I hope shareholders can forced the management to pay higher exit price if the price goes much up than CP...... especially since the case is still in court.........that's if the company will eventually delist self.

Think we've talked about this here as well.

** Caveat: Not to be taking as any form of advice**

The buyout offer is just an offer and it ultimately depends on the verdict of the shareholders, not the court.
Once the shareholders reject the buyout offer at the AGM (which is now almost certain), the buyout dies automatically, and then the company continues to operate as usual with current shareholders interest remaining intact.
With the news of the acquisition of ENI, it is almost certain that the shareholders would reject the buyout offer, because the offer price of N7.07 is even too small for majority who bought the shares at N20 and above.

peekspot:
https://www.thecable.ng/tinubu-to-indian-billionaire-ill-break-all-bottlenecks-investors-will-make-profit-in-nigeria/amp

Why the emphasis on '"me'' ''my'', "I" etc...... ? This is ego, arrogance, short-sightedness and lack of depth!
You could only be in power for 8 years maximum. What happens after 8 years?
Economic and business environment is built on systems and institutions that last for decades and centuries, not for only 8 years.

Streetinvestor2:
He needs to buy more Tippers.
I have oando and will buy more if cash becomes available but on future #20 projection max.I have made call on it in the past.My recommendations is not based on FA or TA.It is based on SA as per ceo relationship to townhall. And my targeted buy price for now will not be above #5.50 incase the buyout stands.

For wale you need long spoon

Sell OANDO and lose money.
the least price OANDO would attain in the next few months is N50! It has prospects to hit N100!

Malamabu:
I don't think this is needed. If 750 is the amount that would ensure that the rail runs smoothly and adequately maintained, I don't see any need for the reduction.

Get real, please! We only have governments that want to extort the people.
The N750 is high, for a mass transport system with no holdups or traffic jam. They are only reducing the price because they are scared of what might happen if there should be any mass protest against the removal of fuel subsidy and the current hardships in the country
The N375 is okay and they should be able to adequately maintain the trains with that, and any further increments in the fares should be gradual

PETERiCHY:
ThE paradigm shift we predicted weeks ago will ECLIPSE this MONTH in essence OANDO is heading to #20 junction.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

The shareholders will surely reject and kill the buy-out offer.
Oando will clock N100 in few months after the court case, especially with the acquisition of ENI.

I foresaw the opportunity and loaded it in millions of units!

tundetech5:
Nigeria Super Eagles icon Austine Jay Jay Okocha has been reminded of his time as an administrator after his comments on the NPFL in Kenya.

Nigerian football legend Austin Jay Jay Okocha has come under the storm following comments he made about the Nigeria Premier Football League, NPFL.

According to Pulse Sports, Jay Jay Okocha has revealed that he will not watch the NPFL if there is a Premier League match.

The 50-year-old made the statement during a Premier League trophy tour in Kenya recently.

Okocha on the NPFL
Speaking to Kenya-based Capital Sports, the former midfield maestro was honest and brutal with his assessment of the NPFL.

According to him, the Nigeria domestic league is not well-packaged enough to attract followers like him to ditch European leagues.

“I don’t think I’d watch the Nigerian league if there is a Premier League match on the television, that is if I am being honest because the Premier League is more attractive,” Okocha stated.

Our people will fall in love with something that is attractive and well-packaged. I can take the example of South Africa, the locals there attend matches in the stadium because the league is attractive,” he added.

Journalist replies Okocha
The comments from Okocha have not gone down well with some NPFL enthusiasts who have taken to social media to respond.

Led by Photojournalist Tobi Adepoju, the former Bolton Wanderers skipper has been criticised for his comments.

In a long-form reply posted on the social media platform, X.com, formerly Twitter, Adepoju went down memory lane to remind Okocha of his in-famous time as Chairman of the Delta State Football Association.

“Okocha was supported by Amaju Pinnick & he was elected as Delta State Football Association Chairman which automatically made him a Nigeria Football Federation (NFF) Congress Member,” Adepoju posted.


“He ruined Delta State FA & he was judged to be the most incompetent Delta FA Boss in history. He was forced to resign before the Delta FA Congress impeached him, they were pissed and disappointed.


When football fans call for Ex-Players to lead football administration in the country, I laugh at it. Let's leave them to honour invitations from politicians and play novelty matches.”

Source: Pulse Sports Nigeria


https://www.pulsesports.ng/football/story/jay-jay-okocha-npfl-expert-blasts-super-eagles-legend-after-comments-nigerian-league-2023090311255925336

Do you know what it means to be a ''maestro''? SMH
A player that loves individual play, and most times plays to the gallery with no concrete achievement for his team(s) cannot be a maestro.
He was just average with a tendency to show some meaningless and useless individualistic skills that lead to nothing!

Botragelad:
Alright, mate, let me explain what this news is saying in a simple way. It's about how India's ban on exporting some types of rice has affected Nigeria and other countries that depend on importing rice from India.

Basically, India decided to stop sending out non-basmati rice, which is a cheaper and more common kind of rice, to keep the prices low in their own country. This means that Nigeria and other West African countries can't get enough rice from India to meet their local demands. Nigeria has been trying to produce more rice locally, but it still needs to import some rice to make up for the gap.

Now, because of the shortage of rice from India, the local rice farmers and millers in Nigeria are also struggling. They can't get enough rice to process and sell, and they have to deal with other problems like border closure, sanctions, and bandits. This has caused many of them to shut down their businesses and lose their income.
As a result of all this, the price of rice in Nigeria has gone up a lot in the past few months.

Now, to answer your question about whether or not it is the raw rice from India they mill in Nigeria and brand locally produced rice, the answer is no. Nigeria imports mainly Indica white rice from India, which is already milled and polished. Nigeria also produces its own local rice, such as Ofada, Abakiliki, and Lake Rice, which are different from the Indian rice in terms of quality and nutrition. The local rice is milled by local millers who add value to the product and create employment. Nigeria does not import raw rice from India and repackage it as local rice. That would be considered dishonest and illegal. That's my little idea!

Even though you make a lot of sense, it is obvious the reason why rice millers in Nigeria are affected is because some of them do process and sell rice imported from India, otherwise there would be no need for them to be so affected to the extent shutting down.!

Purvan:
There are male virgins that have experience even without doing the do more than those that have experience

Do you know the true meaning of ''experience''?

Stawner16:
Oh. He has finally found his voice? Interesting indeed.

Sanusi Lamido had never lost his voice. Never! Maybe you are the one that has not been listening

bestman09:
84 years old man still active sexually? And I'm trying to slow down @ 52?



Rip to the dead.

My guy, don't slow down at 52.! You need to start going to the gym to pack in more energy.
It is a fact that most women's libido increase as they mature in age; hence you need more energy if your wife is already in her 40s or 50s in order to satisfy her!

FreeStuffsNG:
FG is right to a significant extent.

Apart from the University of Lagos (UNILAG), no other federal university has increased its fees or permitted to increase its fees.

That's the status quo for now. It shows how smart and proactive the UNILAG management is; they quickly designed a template to help them recover the increased over head costs, went through the due process , defended it, got FG approval, took the approved adjusted fees to the university unions and got the unions on board. UNILAG gained the first mover advantage as the door is shut against other universities that came late after the HOR resolution.
That's the signature brand UNILAG university culture benefit of having experienced university administrators.
Great university with smart leaders. If you no attend UNILAG, the university of First Choice and the nation's pride ehn, you don miss something very valuable.Check my signature for free stuffs!

A university increased fees from N20,000 to N120,000 and you are here praising them! Do you think deep as a Nigerian? Do you know how many students from poor/humble homes would drop out because they are unable to pay such fees?
You must be one of the reasons why Nigeria keeps having useless, irresponsible administrators and leaders in the universities and at all levels of governance!
Pathetic thinking!

Taylor90:
E don choke the werey

This further proves that this man is empty

He never had plans at first

If he had plans he won’t rush to make that announcement

Na overhyping kill Ebola

Master strategist, first class accounting graduate from Chicago, a man with track records, he built Lagos yen yen yen

Just watch the same miscreants that was shouting subsidy is gone for good will align with subsidy extension now

Confused leader and his brainwashed minions

He heard Obi talking about subsidy removal you didn’t even ask Obi how and what plans

He just copied and paste Obi’s words

INEC carry mandate sell give person wey him peniss no dey stand to rule a whole me

Omo

You are damn right!
Tinubu has been clueless and reckless in handling the economy. He is over hyped junkie.
.

jogojogo:
My younger brother passed on almost a month ago after being admitted for 3 month at UCH Ibadan. The young man was in his twenties who just wrote is last paper in February. He was diagnosed of aplastic anaemia and was under medical attention untill he passed on.

The death came to us with deep sorrow and pain. I have tried to move on even though it's difficult. I still cry every day secretly but my biggest concern right now is how to get my mother to move on. She has remain unconsolable as every morning I could hear her cries as early as 4.00am daily. I had to be with her in her room talking to her.

Soon, I will be travelling and I am worried she may never find any reason to be happy.

I have spoken to her in my little wisdom and don't even know what else to be telling her.

I need our advice please on how better to handle this and what can be done to effectively help the situation

Sorry for the loss of your brother.
One month is too short for a mother to stop weeping and mourning a son who died in his 20s.
Keep consoling her and don't be tired of giving her hope that things will be fine.
Let your father (if alive) get involved in the consolation. Also find time to take her out to comedy events and cinemas where she can watch good films to relax and laugh off some of the sorrows in her heavy heart.
It takes time, but she will be fine.

badoh:
These marketers are very wicked. Once there's speculation about price hike, the next thing they do is closing their filling stations and then creating artificial scarcity. Their plan is to sell their old stock at the new price thus making excess profit on the old stock. People will just be exploiting and making life inconvenient for their fellow citizens and they are the same set that will be blaming people at the top for corruption.

Shut up if you cannot address the root cause of the problem!
Marketers are in business to make profits. If your government is so useless and cannot hedge against the unnecessary price hike of petroleum products, then don't blame the marketers because they may run into losses if they should sell old stock below the landing price of the next consignment.
Face your useless government that has made US Dollar to rise to almost N1000 and still importing refined products after spending billions of naira as turn around maintenance (TAM) on the refineries!
The same marketers sold fuel at much less price when the conditions were right for them to do so.

Ikaeniyan0:
Nigeria military will crush Niger military. It's an insult to even compare the two countries military

Foolish talk. That is how you boastful Nigerians always are until Boko Haram fought your army to a standstill and for more than 10 years your army are unable to crush them.

ahnie:
The cheap egusi soup I prepared this noon with chikini money.
Ingredients
Meat
Stockfish
Bitter leaf(unugbu)
Oil
Maggi
Salt
Fish
Ogiri.

Keep it up and be a good manager when you get married. Do not change all of a sudden and then start to disturb your future husband with unnecessary demands and tastes when he takes you in as wife. Always remember where you are coming from and give him the best.....and he will love and cherish you for ever.

That is if you are not a pretender and fake slay queen!

Curse777:



Fear don grip 35 years old Coupist boy

Facts.. about the invasion

✓Europe is a cold continent that heavily need gas for electricity, energy and heat

✓Russia is European largest Supplier of Gas through Nord Stream 1 and 2 , US is also a supplier

✓Nigeria has one of the largest gas reserve in the world infact we burn and flare gas wasting it for fun

✓European Union wants to build a Gas pipeline from Niger Delta to Morroco and Europe through Spain.. giving them very cheap Nigeria gas

✓Nigeria is set to make Billions of Dollars, which Russia makes


.

Foolosh comment.\
Have you solved the problem of Boko Haram and ISWP terrorizing your country?
Niger and Chad were the countries that helped Nigeria push back Boko Haram some years ago when the Nigerian Army was clueless on what to do.

alizma:
Kudos to the president, may God grant him the needed wisdom to handle this challenge successfully. As for the enemies, you will be consumed by your hatred.

Where is the wisdom in giving an ultimatum and requesting for military action before consulting major stakeholders?
This silly gragra by this president wannabe would lead to failure!

Jennyclay:
Stupid country

Stupid English accent

Ghana is the most useless country in Africa. I wonder why sane Nigerian would go stay in Ghana .

Do you know what you are talking about about ?
Go ask Nigerians who were taught English Language and Mathematics by Ghanaian teachers in the 1970s - 1980s. They were the best.
Nigerian English accent Is not known globally to be the best so no need to rubbish their accent.
But I don't support the harassment of the lady. It is not necessary, whether she is Nigerian or not.

HonNL:
https://www.bbc.com/hausa/articles/c1rz52nrwjzo?at_campaign=Social_Flow&at_bbc_team=editorial&at_link_origin=bbchausa&at_format=link&at_ptr_name=twitter&at_medium=social&at_link_type=web_link&at_link_id=6F6735A4-3138-11EE-BA11-08E478A687CD&at_campaign_type=owned

Jokers; Jokers; Jokers!
Nigeria is obligatorily bound to supply electricity to Niger Republic or pay dearly for any messing around!
Niger Republic is the big brother here when it comes to electricity. Nigeria negotiated and entered into an agreement/contract so that Niger Republic would not construct a dam on river Niger, so that the water would be allowed to flow into Nigeria, and be used to generate electricity and then give a dedicated supply to Niger Republic in return for their gesture.
If Nigeria messes up with this arrangement, Niger Republic would simply construct a dam over river Niger (for their won electricity), and Nigeria would suffer greatly as the whole of Kainji dam would dry out without water.

Think very well before all this gragra for nothing!

DCmaverick:
My last card is #1,000 and am thinking of managing it for the next 3days. I need advice on hw to manage it.
please help a brother

Go buy ogbono 300
Ugu leaf 100
pomo 200
pepper 100
Palm oil 200
Maggi/Salt/ 100
N1,000 be that

Get Garri from somewhere and balance yourself for 2-three days on tight budget

KingintheNorth:
Guys I'm asking for a friend , if you are based abroad and earn 2.5 million naira after tax, what would you invest in Nigeria??

1. Land, real estate.
2. Look for credible stocks with history of consistent dividends and buy. e.g. GT, Zenith etc. Cool profits without stress !

Thanks me later

radiolover:
I have sent possibly more than 80 applications and fortunately, I got called by a few.

I have exhausted scarce resources to attend interviews, editing and re-editing resumes to fit a certain role and position, cost of transportation, I don't want to even mention having to trek a long distance sometimes due to lack of fund to pay Tfare. I mean someone is broke and hungry and trying his best to land a job but he's rather receiving rejection mails. What is this?

On Monday, I received a rejection mail from automobile company where I applied for a marketing role. On Tuesday, I received another one from a production factory.

Now I just returned from another job hunting only to open my mail and saw another rejection mail. This very one pain me most because I had high hope on it and i have spent so much on it too. During the second stage of the interview, I can remember how I waited from 8am till 5pm just to see 'Oga', and after seeing him, I began to walk my way home and got home late. I know i'm sounding sentimental here but it's so annoying that i went through all that 'ontop empty belle' and at the end, I wasnt offered the job.

Very very painful and morale killing.

I feel so bad right now.

Feels like the world has crashed.

Feels like everything has finished.

Feels like everything has ended.

Feels like more hunger for me ahead ahead.

Who has faced this before?

How did you comfort yourself?

The surest assurance to comfort yourself is God and the fact that you are still breathing.
God is preparing you for a great break through but you need to go through His process and training so that you can know how to maintain the huge blessing that is coming your way. Stay focused. He is aware of what you are going through and He will surely see you through. Do not lose your training and discipline whilst you are still facing these challenges. When the breakthrough comes, you will have a big story to tell!

Ladiesdoctor:
EFCC under Bawa was the most clueless since it inception.
When Ribadu left EFCC, that was when the commission became children playground.

Stop the hypocrisy!
EFCC started the useless job when Ribadu was the head. Ribadu was the most lawless and clueless EFFC chairman, who was used to attack every known political opponent of Obasanjo, to the extent of being used to decide who wins an election. His record at EFCC was poor, but hyped because he found a way to make himself close to people like Falana and late Gani Fawehinmi

Adeshi:
At first i thought it was stress, but yesterday, i was home throughout and it happened again. This is like the 4th time this year. I'm really concerned and i do not mind any advice as to what could cure the problem. I called a friend of mine this morning to request to see a urologist, he said i might have to wait 2-3 months to see one.
I do not want to wait another 2 months, my marriage is just 2years and my wife is starting to worry too.

A 34 years old married man still betwets. I need help please.

Sometimes, this bed wetting could be more spiritual than medical.
If you would not be shy of the publicity.... then I would advise you to go to The Synagogue Church for prayer/deliverance. Thank me later.