₦airaland Forum

ppogba:
But, you and I , especially YOU know that is next to impossible.

In the days of the old TOE ( decode if you can), what they do is to take the AGM to Maiduguri. These days, just call it online, e- voting and wareva and your sit is secured.

Let us watch the drama. African Magic Movie Channel.

ppogba:
He is the new admin of a WhatsApp group opened by INFANTINO.

I expect Infantino to be impeached by FIFA members
Oando shareholders should do same to Wale.
AGM will come up very soon.

thebargainhunte:
If he is not competent, he should resign and make way for competent hands to pilot the affairs of the company.

You and I (shareholders) have to raise the issue and vote at AGM for him to resign.
You have an obligation and responsibility to work for what you want as a shareholder.
But remember he owns the largest number of shares in the company
Who should go and sack him for you? Or you want him to sack himself to make you happy? Dey play

thebargainhunte:
Because he was CEO when Oando was paying N3-N4 dividends and bonus as a downstream company. They started struggling since they became upstream, and that should tell us that they lacked the requisite competence, knowledge and experience when they ventured into upstream business and I think some mistakes they made are affecting the company to date e.g. ConoccoPhillips. This was the defence I referred to.

This is not a defense, rather It is reference to a public record that you can verify if true or not.
If you are into a stock, you should learn and study its history or antecedence so you can understand a few more things about the company.

And if you believe in the prospects of a stock (any stock), buy and keep it, no matter what people say. If you don't, sell off and have your peace.
Don't let any frustrations about any stock make you attack or throw tantrums anyhow online.
Everybody is into stocks to make money, not to defend any management. The more the price rises, the richer everyone is, so no one is happy the price is falling.

SonofElElyonRet:
Nairametrics
Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has indicated that he intends to build a controlling stake of more than 51% in First HoldCo Plc, saying majority ownership is central to executing the reforms and restructuring needed to create long term value.

I talk am. He might even go Private at the end of the day

He would pay a heavy premium if he wants to go private.
FBNH price may rise to 200 very soon with this news

thebargainhunte:
What is stopping the company from doing the right issue and share distribution that they promised? This your defense get k- leg joor. The company swallowed N2.08 trillion naira, and gave you a meagre N68.56 billion as a profit, and you are defending them.

Here we go again, making sweeping statements.
I only said it is not fair to bring the president into matters of Oando's mismanagement.
Is the president part of the management of Oando? So where is the ''defence''?
Or you don't understand the subject being discussed?
When you want to comment on a discusson, please understand the subject being discussed and situate your comments appropriately.

MrEar:
BBC reporter: 'Sounds like you’re saying 1 Jewish life is worth 100s of 1,000s of Palestinian lives'

Israeli West Bank settler: 'No. MILLION. 1 Jewish life, it’s 10 million, ok'

BBC: 'That just sounds racist'

Settler: 'Yes. I know. But it’s the truth. Because God chose us'

Source:

BBC reporter: 'Sounds like you’re saying 1 Jewish life is worth 100s of 1,000s of Palestinian lives'

Israeli West Bank settler: 'No. MILLION. 1 Jewish life, it’s 10 million, ok'

BBC: 'That just sounds racist'

Settler: 'Yes. I know. But it’s the truth. Because God chose us' pic.twitter.com/bcn0FNSkNi

— RT (@RT_com) August 2, 2026

Any one that calls an Israeli a ''settler'' in Judea and Samaria is big, ignorant fool!
Judea and Samaria (corrupted as West Bank) is the ancestral land of Israelis and descendants of Jacob (Iraelites)

Valthegreat:
You didn't understand my statement, what I mean is that everything about people from that family doesn't go straight forward, always shady.
Are you saying that Oando has another problem that is bigger than Wale being the chairman of the company? Can't you notice a deliberate pattern to ensure that shareholders are short-changed?

I you say ''family'', you are invariably bringing in the president, which is not fair.
In fact, one person may decide to do something good to change such negative perception; and that person may be Wale.
Because he was CEO when Oando was paying N3-N4 dividends and bonus as a downstream company. They started struggling since they became upstream, and that should tell us that they lacked the requisite competence, knowledge and experience when they ventured into upstream business and I think some mistakes they made are affecting the company to date e.g. ConoccoPhillips plus Wale's own shenanigans

Codevalley:
is it too late to enter these stocks then considering their current prices?

Please do not use my list as basis to buy or sell these stocks.
Study their financials, their future projections, plans, their sectors and understand the factors that made them rise to these new heights and whether those factors are still relevant or applicable today or in the nearest future.
Some may go higher and some may fall.
Do your research

Valthegreat:
What if you buy into Oando thinking it is an oil exploration company?
Not knowing it is a type that her financials goes south when crude prices are going north?

Study the company and the sector very well before you buy.
Your knowledge would anchor you when things get tough.

Valthegreat:
I think you are right, the rate at which they are packing the dip is alarming. I am selling mine at 20% loss and they buying more as it is dipping further.
If Oando is getting worse when crude prices are getting better what will happen when crude goes back to $50-#60 range.
Honestly, Nigeria is in the hand of a wrong family as president. Fruits don't fall far from their trees.

I don't think its fair to bring the president into this.
Everyone knows I am not a fan of the performance of the president in office. But let's be fair and objective even when we disagree.
You can criticize and condemn Oando's management, including Wale, but I think the issue with Oando predates the president.
Some investors would tell you they have been having issues with the company since 2014, when the president was nowhere near Oando.

This is just an honest, unbiased opinion of a staunch, unrepentant, yet objective critic of the performance of the president in office.

GeeKudi:
I must hope in your hypothesis. They should just put some speed into whatever it is they are doing.

What has been happening in NGX recently is teaching me that patience and long term focus is key when investing in some key critical sectors:
FBN has grown from N4 to N130+
WAPCO from N10 to N360+
Ikeja Hotels from 0.70k to N45+
RT Briscoe from .60K to N12+
May & Baker from N4 to N40+
Wema from 0.5 to N28+ etc
BCC (later Dangote) Cement fromN4 to N1K+

The lesson: buy into a company you know and understand the prospects, especially those in critical, strategic sectors with very few competitors and high barriers to entry e.g. cement, brewery, telecoms, oil and gas.
Long term focus in this sectors usually pay investors

SonofElElyonRet:

E dey sweet you because you don sell, abi?

Don't worry. Japaul and Ellah hold you for hand

GeeKudi:
Beware of eutrophication

What's this ''lecturer'' (professor) doing here? Abeg, we are hustlers here oo

chimex38:
....... from loamy soil

You never forget your Agric science notes?
Did you write the notes by yourself or your school best friend or girlfriend did?

ppogba:
At the end of the day, as a shareholder, I hope all these struggle and fight for the soul of the bank will not be detrimental and destructive.

When big men are fighting over something, make the grass bekiafu.

You are right.
I think things are smooth now probably because the directors have not started splitting into factions and clashing in board meetings. Once it gets to that, then it may start having some negative effects.

yMcy56:
Otedola already envisaged this will happen, reason he was accumulating plenty to beat their 23% shareholding.....
He currently has over 26% shareholding ( I mean Otedola)...
So, even if he didn't pick their shares, he still have higher % than theirs... (Which I believed he will pick some of it maybe thru a proxy to further increase his holdings)...

Though it says block divestment, so it's possible there's a buyer or buyers on ground already..

But what happens if the new buyer (of the block shares) already owns like 10% or 15% stake in FBN? That makes it 33% or 38% which would be higher than Otedola's 26%.
The fight for the soul of FBN may be far from over

Avacap may become another Zichis with daily 9.5%-10% rally

megawealth01:
Are you talking about Jagaban? 😂

You like wahala

I pray that every investor here makes as big profit as he/she wishes.
My advice:
take life easy.
avoid putting too much pressure on yourselves
keep all your childhood pictures
keep all your certificates - primay, secondary, polytechnic, university and even tehcnical and vocational schools.
God will surely bless you but these things may help you when some detractors decide to challenge your success or progress in future.

londonerr:
He knows Jubril, but he's living in denial....e get as you go hook for Oando ehn ....e go be like drugs...even your helper you go fit break their heads... I sincerely hope Oando is what the heart palpitations and anxiety.... for him

Wale has a lot to do and prove. He cannot mismanage and hide forever.
Personally, I got Oando for peanuts around N4-N6; and have received almost 2m units from the share redistribution alone.

megawealth01:
That's if he doesn't make it virtual

That is true ooo.
That is the new style to avoid shareholders wahala and aggression

megawealth01:
You don't know WALE sef

I am just waiting for the announcement of AGM date and details of agenda/proposals/resolutions to be deliberated on

londonerr:
Complete vertical integration. With competent management and transparency.... No deliberate excessive corporate debt

If Aradel should start having problems, these your fine adjectives will change overnight.
As a downstream company, Investors were also praising Oando when it was declaring N2-N4 dividend and bonus up to around 2012.

Oando started struggling as upstream company, apparently because of inexperience and lack of full knowledge of the challenges and intricacies of the industry. That is very poor, an indictment and indication of incompetence of the management. They seem to be learning as they go, which bad enough for investors.
The inexperience made them buy Conocco Phillips which led to huge losses.
The MD/CEOs of Aradel, Seplat etc are people with solid prior experience who had worked for decades for big IOCs like Shell, ENI, Mobil. Addax etc.
But Wale had no such experience. He was probably lured into ''upstream'' by the hype, and fortunes associated with these big players.

londonerr:
Complete vertical integration. With competent management and transparency.... No deliberate excessive corporate debt

If Aradel should start having problems, these your fine adjectives will change overnight.
As a downstream company, Investors were also praising Oando when it was declaring N2-N4 dividend and bonus up to around 2012.

They both are in the upstream sector.

Oando started struggling as upstream company, apparently because of inexperience and lack of full knowledge of the challenges and intricacies of the industry. That is very poor, an indictment and indication of incompetence of the management. They seem to be learning as they go, which is very bad enough for investors.
But hopefully the biggest problem (debt finance) will be reduced drastically with a successful fresh capital raise.

The MD/CEOs of Aradel, Seplat etc are people with solid prior experience who had worked for decades for big IOCs like Shell, ENI, Mobil. Addax etc.
But Wale had no such experience. He was probably lured into ''upstream'' by the hype, and fortunes associated with these big players.

londonerr:
₦41.25 Billion is the combined dividends accruable to Ote$ if CBN approves the 60% of PAT dividend payout.... let's see if SEC and CBN would agree

Are you concerned with the amount of dividend payable to Ote$?
I think SEC and CBN are more concerned with statutory, regulatory and industry compliance. The amount a shareholder receives as dividend is not their worry.

londonerr:
Aradel and Oando are not in the same sector. One is a complete system with it's own refinery, competent management who have investors in mind. The goals of management is aligned with that of the shareholders.

The other has divergent goals. If break even happens in Oando today....the management might decide to go and acquire another moribund asset elsewhere.... taking deliberate care to deprived the long-suffering ordinary shareholders of their financial benefits.... I don't understand why Oando CEO is the top two best remunerated after MTN Nigeria.... At a time the firm shareholders are doing night vigils.... Profit tanking, share prices plummeting the CEO was busy increasing remuneration by 67%....

My financial advise:
Sell OANDO. No matter how long you travel on the wrong road you'll never get to the desired destination....the earlier you turn back and get on the right lane the better for you.


Even when Oando was running petrol stations I had the worst experience with them in Abuja....

I think Aradel operates in the upstream and midstream (local refining) sector
Oando operates in the upstream only, for now

londonerr:
Aradel and Oando are not in the same sector. One is a complete system with it's own refinery, competent management who have investors in mind. The goals of management is aligned with that of the shareholders.

The other has divergent goals. If break even happens in Oando today....the management might decide to go and acquire another moribund asset elsewhere.... taking deliberate care to deprived the long-suffering ordinary shareholders of their financial benefits.... I don't understand why Oando CEO is the top two best remunerated after MTN Nigeria.... At a time the firm shareholders are doing night vigils.... Profit tanking, share prices plummeting the CEO was busy increasing remuneration by 67%....

My financial advise:
Sell OANDO. No matter how long you travel on the wrong road you'll never get to the desired destination....the earlier you turn back and get on the right lane the better for you.


Even when Oando was running petrol stations I had the worst experience with them in Abuja....

The CEOs remuneration table (data) referenced 2018 ad 2019.
Can you get a more recent one like 2024 or 2025?

megawealth01:
School fees no easy to pay sha

There is also ''free education'', so school fees may not be necessary

londonerr:
There are other alternatives always. As long as Wale has protection the bad management is going to be unlimited.... Aradel is printing money, seplat is, eternao is, only this jankara oil firm is Pushing investors to mountain tops

More fiire!
That is what they need at AGMs.
And shareholders should demand that AGMs be held physically at a designated venue, not only online, so that investors can ask them tough questions

londonerr:
Not true.... There's what is called the real cost, opportunity cost. You don't follow a stock into the grave just because you're afraid of losing... No losing is part of the game... But that loss should be on your terms. The opportunity cost of holding Oando is far more than rebalancing my portfolio. I can very well do without that immoral firm.

It all depends on your goal, strategy and what you know/believe about the prospects of the stock