₦airaland Forum

lancee:
Nse for u ..its possible to it ends 0.50k and its possible to end 280 naira or more like forte oil

Nobody knows what will happen ..i don't know who re buying this stock with all the noise on the losses they declared .

But i don't think it will go far

"Markets can remain irrational a lot longer than you and I can remain solvent." A. Gary Shilling

That's why most analysis always fail, follow your mind in taking risks .

Beremx:
where in the post was it said the meat was rotten? Even the custom officers diverted one trailer of the meat for themselves to share,so tell me who's fooling who?
I see nothing wrong with it. Period!!

I partially agree with you here, most time these items are not bad or rotten, they(customs) are destroying them because the items are contraband.

But how will the frozen chickens last under the soil before they go bad.

PETERiCHY and co.

What is driving Oando price-up.

I thought you people said it will end @ 0.50k

This. Newspaper is gradually becoming junk.

[s]

ikechu1278:
Derailed or brought fact. Next time don't rant wtf Una are dominate on

While we at it what fallacy was busted?

Did iteskiri ask the government to stop stealing their land and giving it to ondo like OP article provided? Yes or no?
Was it or was it not until obj stole that land and gave to ondo? Yes or no

Answer? YES

Are you people daylight oil thieves? YES!!!!!!

Next story!!!

[/s]

[[s]quote author=ikechu1278 post=39623684]

Derailed or brought fact. Next time don't rant wtf Una are dominate on

While we at it what fallacy was busted?

Did iteskiri ask the government to stop stealing their land and giving it to ondo like OP article provided? Yes or no?
Was it or was it not until obj stole that land and gave to ondo? Yes or no

Answer? YES

Are you people daylight oil thieves? YES!!!!!!

Next story!!![/quote][/s]

superstar1:
98% of crimes happening n other regions is being perpetrated by South Beasterners. #Fact.

99.9% of crimes relating o Nigerians abroad is linked to SOuth Beasterners. #Anouther undisputable fact


That says it all.

Egbon, ignore this man.

See how he quickly derailed the thread, since their fallcy was busted.

Just ignore him.

superstar1:
y1bos and their fallacy.

I know you are just pained that the oil production of SW surpasses that of South Beasts,

Y1bos contribute nothing to this country apart from crimes and being economic saboteurs.

Don't mind these people.

They don't know where the Itsekiri and ilaje belong

@OP

What's the difference between ilajes, itsekiri , Ijebus and Yorubas.

Can you list the names of the local government and communities ceded to ondo.

megainvest:
I agree it is pure damage control. I believe the bleeding will continue as soon as the cash runs dry. EXCEPT another news comes in now which I cannot honestly see coming till next year.

So who is doing the damage control.

Buyers or Sellers.

DuchessLily:
But what kind of rule is that? On his big day?? how is what he is wearing on his feet affecting then pastor/church?

Haba! Even deeper life church won't give such rule

Anyways I blame the bride and groom for doing their wedding in such a church

Don't try Deeper life rules, they are harder .

These holy holy churches don't care about your emotions.

You either follow their rules or leave them alone.

Chibuking81:
I will not be surprise to hear that Ucheson is the new CEO of Oando company, because by now his company suppose own 80% share in Oando. ucheson congratulation.

Who is Ucheson

Do you know the meaning of Adultery?
You force kehinde into adultery
You are destroying another woman's marriage
You're enslaving the window and not giving her the choice of living her life.


In fact The church should expel you from their congregation.

Kirigidi:
Don't get it twistd, I'm not Yoruba. I'm a Niger Deltan commentin frm Oron, Akwa-Ibom State. Guy, where in d whole world hav u seen one state (i.e. Abia) dredgin a river dat passes or flows thru anoda state (i.e. Rivers nd Akwa-Ibom) witout legal approval frm dat state? If rivers ar no-body's assets as some of u ar assumin, den, Republic of Mali, Republic of Niger nd Republic of Burkina-Faso wuldn't hav bin "landlocked" because d "River Niger" also flows thru dia lands . They wuld hav claimd right to dredge d River frm dia lands down thru Nigeria to d Niger-Delta coast.

My brother, these people are selfish and myopic.

The thought they can just dredge another man's land without an agreement.

If they need the seapoet badly, why can they build them in Akwa ibom.

Kirigidi:
Don't get it twistd, I'm not Yoruba. I'm a Niger Deltan commentin frm Oron, Akwa-Ibom State. Guy, where in d whole world hav u seen one state (i.e. Abia) dredgin a river dat passes or flows thru anoda state (i.e. Rivers nd Akwa-Ibom) witout legal approval frm dat state? If rivers ar no-body's assets as some of u ar assumin, den, Republic of Mali, Republic of Niger nd Republic of Burkina-Faso wuldn't hav bin "landlocked" because d "River Niger" also flows thru dia lands . They wuld hav claimd right to dredge d River frm dia lands down thru Nigeria to d Niger-Delta coast.

My brother, these people are selfish and myopic.

The thought they can just dredge another man's land without an agreement.

If they need the seapoet badly, why can they build them on Akwa ibom.

FMN is making profits divesting from other business
Oando is recording losses acquiring other business.

Lessons:Efficiency is the reason behind profitable business.


The same reason why GTB is topping the financial services sector.

PETERiCHY:
For now forget everything about oil related stocks because their near-future is very very bleak.

Not totally true, most oil companies on stock exchange are operating in the down stream sector.

The downstream sector touches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as hundreds of petrochemicals.

And they are all making profit from the oil price drop, because they are selling overpriced products to Nigerians even with subsidy .

The problem with Oando is overpaying for useless assets and going into the uncertain upstream sector.

Apart from Oando can you show us any other Oil company on the floor, with so much loss.

PDPwayoo:
Yoruuba culture is funny. How can someone be a king when his father is a common man?.................. In my culture kingship is hereditary. Even high chiefs are hereditary.

David was made king when his father is still alive.

PDPwayoo:
Yoruuba culture is funny. How can someone be a king when his father is a common man?.................. In my culture kingship is hereditary. Even high chiefs are hereditary.

David was made king when his father is still alive.

9free:
Gadaffi, abeg where the bids?

Best Ask/Bid: 6.65 ( 17,150 ) / 7 ( 2,000 )

Oando is finaly geting bids after three days apathy .

PETERiCHY:
[http://www.zerohedge.com/news/2015-10-28/crude-tipping-point-arrives-china-runs-out-space-store-oil]

Earlier this month, we reported that supertanker day-rates has soared to over $100,000 for the first time since 2008 even as Saudi Arabia was slashing its price (to a $3.20 discount to the benchmark with the largest price cut since 2012) which suggested that in an effort to shore up its reserves and capture more market share amid dwindling demand (and excess supply) - a price war has begun led by US ally Saudi Arabia, and China is hoarding crude at these low-low prices.


* * *
And just like that China has, if only for the time being, run out of storage facilities.
How long until this translates into an actual drop in oil purchases, and even more importantly, how long until the U.S. itself finds itself in a comparable "overflow" bottleneck, leading to the next, and sharpest yet, drop in oil prices.

Crude oil prices drop should not be affecting downstream coy like Oando, FO and co.
Most of them are still small players compared to shell, chevron in the upstream sector.

In fact they should be making profits buying cheap refined product and selling higher to the Nigerian public through subsidies.

cadno:
I noticed that the quantity traded in OandO has been very lean, 230k , today 705k units,
Please does that signify that investors are not selling or what ?, and why is the stock still on Full offer
will there be the possibility of a turn around is close-by, when there are no more sellers ??

Nobody is buying that is why its on[b] ZERO bid[/b].

Lots of people that places sale order on Oando since Monday are having problems disposing the stock.

Hope Oando won't become another DAARCOMM and Dunlop

Mpeace:
Please could someone assist me with the complaint web site and also the abuja address of SEC. Its really urgent. Someone needs it to lodge a complaint involving a stockbroker/client-money fraud.

http://www.nse.com.ng/regulation/market-surveillance/x-whistle-(whistleblowing)

Agbalowomeri:
Na crude oil price

Crude oil price bete pass this market.

Market bad today gan.

14 gainers vs 34 losers.

29,572bpts.

losing streak might continue tomorrow.

Auditor Says Oando “Contravened” CAMA By Paying Dividend Out Of Insufficient Reserves


“the company paid dividend from unaudited reserves as at June 2014. However, as at year-end there was insufficient reserves to absorb the dividend paid. This is a contravention of the provisions of Section 379 of the Company and Allied Matters Act 1990…”

Section 379 of CAMA says;

(1) A company may, in general meeting, declare dividends in respect of any year or other period only on the recommendation of the directors.
(2) The company may from time to time pay to the members such interim dividends as appear to the directors to be justified by the profits of the company.
(3) The general meeting shall have power to decrease the amount of dividend recommended by the directors, but shall have no power to increase the recommended amount.
(4) Where the recommendation of the directors of a company with respect to the declaration of a dividend is varied in accordance with subsection (3) of this section by the company in general meeting, a statement to that effect shall be included in the relevant annual return.
(5) Subject to the provisions of this Decree, dividends shall be payable to the shareholders only out of the distributable profits of the company

http://nairametrics.com/auditor-says-oando-contravened-cama-by-paying-dividend-out-of-insufficient-reserves/

PETERiCHY:
Better sell all your oil and banking stocks and move the proceeds to some cumsumer good and agricultural stocks a stitch in time saves nine.e.i FLOURMILL

*ThE OcToPuS*

Agbalowomeri:
The safe HaVEn

FLOURMILLS is currently restructuring their business.

Merging all the subsidiaries.

Its not a safe haven for now.

So shoprite is now a government project.

Agbalowomeri:
Will it take more than 2 weeks to get to 0.50?

Yes,

Remember the 76,734,329 traded in a day last week.

Some sharks will be moping-up(buying) as the price falls lower.

NextProdigy:
You can quote me. Unless FBNH declares a dividend higher than 10 kobo, FBNH will hit N2.00

OANDO on the other hand with the current results has a negative value and will hit 50 kobo if the losspersists.

A word is enough for the wise.

Oando will continue to fall till December.

And Oando will need proper restructuring and repositioning for the next 24 mounts