yMcy56:
OANDO
Some profit taking today.....

CHAMS: Full bid @1.46....

I expected that in oando today and maybe the remaining days of this week.

Streetinvestor2:
I expected that in oando today and maybe the remaining days of this week.

Back on full bid at the moment o ......14.60...
Looks like those insider guys knows what we don't know yet ....

essentialone:
Request for permission to post long write-up:

INDEPENDENT AUDITOR RAISES CONCERN AS OANDO SINKS FURTHER INTO DEBTS

Even the answers to some of the puzzle we seek is steering at us in this post you've quoted, just that some persons haven't managed to read btw the lines to comprehend matters.

Let me help out with a hint;
This isn't the 1st time the auditors of the coy is issuing a red flag (OANDO has had WC constrain for sometime), but this is the 1st time the auditors have highlighted the progress made including a would-be solution that can reverse the recent trend and possibly set the company on a trajectory of profitability and sustainable growth.
And what's that? Debt restructuring and a follow-up deleveraging! ...which is something the company has already begun. (am sure you read that from the NTS)

Everyone knows I also use to have a strong reservation about the company in the past.
I remember advising folks to immediately exit their holding at the time the coy was trading for N41+. (was practically screaming at the time)
Time and again, I also highlighted these red flags and more.

Hear this; the simple explanation to the history of OANDO's problem is that of FUNDING MISMATCH... which led to working capital challenges and increased their debt burden. (ref: galloping EFIR but decelerating CCC/CGPR)
For a lack of commensurate earnings drive (NIS was often in the negative), those challenges exacerbated, especially because the banks at the time, refuted the idea of debt restructuring to give their LB a new face lift.

Things are starting to change now. This change will most likely "build a new foundation and birth a measurable growth trajectory" for the company.
There's a reason the banks are now queuing up to help with the much needed restructuring. Why? Well 1st off, is the thing about top-down approach to value investing. (which I'll advice some persons to go read up)
The banks know this and they know "peace".

A restructuring implies that a part of current and subsequent earnings can now be utilized for other company-related matters aside interest expense (ref: >> NIS, CGPM, JPBG etc), and in time improved AsQ/AsY.

Am not sure some of us understand what's playing out in OANDO at the moment.
I'll suggest you dig up some of my previous post on the coy, see the concerns I raised then and compare it to some of the items I mentioned of recent.

There are lots I could say but I really don't have that much time.
I just hope we don't lament missing out on the opportunity of talking a position in the coy in the course of time.
As I stated before; OANDO can get to btw N20-25 before our very eyes. Of course the uptrend will not be a straight one. ...there will be 'bumps' in pricing respecting technicals but with OANDO, prospect is currently looking up.

It's a mid-term play!

Selah

UPDC @1.42!

There's one NSEMPA that asked long time ago on UPDC and was told to accumulate below N1, then wait for it's time......
Hope he didn't get tired and sold it off ....

yMcy56:

Back on full bid at the moment o ......14.60...
Looks like those insider guys knows what we don't know yet ....

I pray it get #20 sha,let me exit the ones I bought at #18 since.i will see the end for the ones I bought at #5,50

onegentleguy:


Even the answers to some of the puzzle we seek is steering at us in this post you've quoted, just that some persons haven't managed to read btw the lines to comprehend matters.

Let me help out with a hint;
This isn't the 1st time the auditors of the coy is issuing a red flag (OANDO has had WC constrain for sometime), but this is the 1st time the auditors have highlighted the progress made including a would-be solution that can reverse the recent trend and possibly set the company on a trajectory of profitability and sustainable growth.
And what's that? Debt restructuring and a follow-up deleveraging! ...which is something the company has already begun. (am sure you read that from the NTS)

Everyone knows I also use to have a strong reservation about the company in the past.
I remember advising folks to immediately exit their holding at the time the coy was trading for N41+. (was practically screaming at the time)
Time and again, I also highlighted these red flags and more.

Hear this; the simple explanation to the history of OANDO's problem is that of FUNDING MISMATCH... which led to working capital challenges and increased their debt burden. (ref: galloping EFIR but decelerating CCC/CGPR)
For a lack of commensurate earnings drive (NIS was often in the negative), those challenges exacerbated, especially because the banks, at the time, refuted the idea of debt restructuring to give their LB a new face lift.

Things are starting to change now. This change will most likely "build a new foundation and birth a measurable but positive trajectory" for the company.
There's a reason the banks are now queuing up to help with the much needed restructuring. Why? Well 1st off, is the thing about top-down approach to value investing. (which I'll advice some persons to go read up)
The banks know this and they know "peace".

A restructuring implies that a part of current and subsequent earnings can now be utilized for other company-related matters aside interest expense (ref: >> NIS, CGPM, JPBG etc), and in time improved AsQ/AsY.

Am not sure some of us understand what's playing out in OANDO at the moment.
I'll suggest you dig up some of my previous post on the coy, see the concerns I raised then and compare it to some of the items I mentioned of recent.

There are lots I could say but I really don't have that much time.
I just hope we don't lament missing out on the opportunity of talking a position in the coy in the course of time.
As I stated before; OANDO can get to btw N20-25 before our very eyes. Of course the uptrend will not be a straight one, there will be 'bumps' in pricing respecting technicals, but with OANDO, prospect is currently looking up.

It's a mid-term play!

Selah

I know oando has prospects for the future. What do you think concerning the delisting if the majority shareholders holder are bent on seeing it go through. Do you believe the minority shareholders can stop it base on wale past records

Streetinvestor2:
I pray it get #20 sha,let me exit the ones I bought at #18 since.i will see the end for the ones I bought at #5,50

Oga na you be real investor.....for having such 'hope' to hold on in the face of past turbulence.......
Reminds me of Jamace with his FTN COCOA too.....

OANDO is currently on full bid @14.60 again..........no be small thing....

Btw, these Sugar & Salt cross dealers or should we say sellers again........
One will not know what they're up to sometimes.....

If Oando really wants to delist...they surely will. However, this business is capital intensive with loans secured with consortium of Banks.

Will Oando really want to go private? Will their workers who probably hold few shares in the company be motivated after the delisting?

What of the community goodwill?

they probably used that de-listing news to mom up all the shares from the market that were sold by panicking holders. Now its probably all held by themselves.

its all been done before ---nothing new

onegentleguy:


Even the answers to some of the puzzle we seek is steering at us in this post you've quoted, just that some persons haven't managed to read btw the lines to comprehend matters.

Let me help out with a hint;
This isn't the 1st time the auditors of the coy is issuing a red flag (OANDO has had WC constrain for sometime), but this is the 1st time the auditors have highlighted the progress made including a would-be solution that can reverse the recent trend and possibly set the company on a trajectory of profitability and sustainable growth.
And what's that? Debt restructuring and a follow-up deleveraging! ...which is something the company has already begun. (am sure you read that from the NTS)

Everyone knows I also use to have a strong reservation about the company in the past.
I remember advising folks to immediately exit their holding at the time the coy was trading for N41+. (was practically screaming at the time)
Time and again, I also highlighted these red flags and more.

Hear this; the simple explanation to the history of OANDO's problem is that of FUNDING MISMATCH... which led to working capital challenges and increased their debt burden. (ref: galloping EFIR but decelerating CCC/CGPR)
For a lack of commensurate earnings drive (NIS was often in the negative), those challenges exacerbated, especially because the banks, at the time, refuted the idea of debt restructuring to give their LB a new face lift.

Things are starting to change now. This change will most likely "build a new foundation and birth a measurable but positive trajectory" for the company.
There's a reason the banks are now queuing up to help with the much needed restructuring. Why? Well 1st off, is the thing about top-down approach to value investing. (which I'll advice some persons to go read up)
The banks know this and they know "peace".

A restructuring implies that a part of current and subsequent earnings can now be utilized for other company-related matters aside interest expense (ref: >> NIS, CGPM, JPBG etc), and in time improved AsQ/AsY.

Am not sure some of us understand what's playing out in OANDO at the moment.
I'll suggest you dig up some of my previous post on the coy, see the concerns I raised then and compare it to some of the items I mentioned of recent.

There are lots I could say but I really don't have that much time.
I just hope we don't lament missing out on the opportunity of talking a position in the coy in the course of time.
As I stated before; OANDO can get to btw N20-25 before our very eyes. Of course the uptrend will not be a straight one, there will be 'bumps' in pricing respecting technicals, but with OANDO, prospect is currently looking up.

It's a mid-term play!

Selah

You’re good!

Streetinvestor2:
I know oando has prospects for the future. What do you think concerning the delisting if the majority shareholders holder are bent on seeing it go through. Do you believe the minority shareholders can stop it base on wale past records

From my little understanding, majority shareholders didn't take Oando to court but few minority shareholders.......not even all minority shareholders supported it.

I think majority shareholders are not bordered here, and may just be forced to accept the Court's verdict.......either to delist or remain.

During the bull period that all stocks were moving and OANDO refused to shake body, I think we were saying it here that, the type of scenario now playing out in the market was what the shareholders should have embarked upon, peradventure it will force the Coy to treat the minority shareholders right and much better.

This market is sometimes for the very brave. If I was brave enough, I for follow ride this Cham but I missed out narrowly. As if it that wasn't bad enough, I also missed Japaul. Na wa o

yMcy56:

From my little understanding, majority shareholders didn't take Oando to court but few minority shareholders.......not even all minority shareholders supported it.

I think majority shareholders are not bordered here, and may just be forced to accept the Court's verdict.......either to delist or remain.

During the bull period that all stocks were moving and OANDO refused to shake body, I think we were saying it here that, the type of scenario now playing out in the market was what the shareholders should have embarked upon, peradventure it will force the Coy to treat the minority shareholders right and much better.

I believe say those few that went to court na arrangee to test the waters. That wala guy dey different level for naija ceos Time will tell.I pray he is not bent on delisting to hammer alone with his fellow big boys.Crude price from projections will remain high throughout 2024 and insecurity in the delta will improve too.Gas is already sky rocketing

On another note,we dey forget say wale na lawyer who knows that the court process is the way to initiate this things .why this 14 minority shareholders Does it mean they did not present a bargain price for thr investment .And oando decided to pronounce this ridiculous offer before releasing improved results

Yoast:
This market is sometimes for the very brave. If I was brave enough, I for follow ride this Cham but I missed out narrowly. As if it that wasn't bad enough, I also missed Japaul. Na wa o

.

Hope say you no follow me use fomo go run into sugar that is now purging??

Yoast:
This market is sometimes for the very brave. If I was brave enough, I for follow ride this Cham but I missed out narrowly. As if it that wasn't bad enough, I also missed Japaul. Na wa o

Not sometimes o. It's always for the brave and knowledgeable. All over the investment arena investment in stocks is categorized as high risk investment as against the low or medium risk and as usual the higher the risk the higher the returns.

Please everyone. I'm doing a little research. What are the hardest stocks to find to buy in NSE? Thanks

I keep buying GSk.
Hope no be my village People dey follow me?
Expecting minimum of N15 exit price

Streetinvestor2:
Oga I am old enough in naija to know when things are being arranged. I tell you the whole thing is set up by oando and its foreign partners hiding under few minority share holders. That is why they did not object the matter.
If I approach you for something I have made serious investment ,I will definitely present a figure and we may even reach agreement before you make it public. In this case oando is the one offering dubious figure so that you make noise/react so they give you small jara or find another way around it.How many minority shareholders requested this with the number of all minority shareholders. The article claim 14 They are ready to accept the request by this few but refused everything in the past by larger number of minority share holders. Did the larger minority shareholders approve all the stripping of oando asset.

I stand oando and its majority shareholders conceived the idea.The only thing that can stop it is if they are not bent on carrying it out or change of mind.You forget this guy wale sabi the law in criminal way.Thr is big prospect in the future for oando and that is why this criminals want to take it private. Naija is too corrupt. Do you remember adevo got to #24 but still they delisted at #19 plus
If they give room of refusal ,I will go private with them .

If they (The Fat OandO cats) conceived it as you say what is their benefit?. [I see lower short sighted benefits for them]

Why are they releasing good announcements instead of bad ones that will facilitate their quick buyout of all common stock holders?.

Why did they list in exchanges outside Nigeria ? [I think they did that out of a vision of making Oando a big concern]

Who are those that have been selling Oando below N7 ? [Most likely aggrieved shareholders fed up with the current management !!!]
From Jan-23 to Aug-23 12% of outstanding Oando Shares were sold at an average price of N5.27. In the first three weeks of this September, 8% of Oando Shares have been sold so far at an average price of N8.24

I think it is in the best interest of OandO major share holders to keep Oando on the local and international stock exchanges to compete with the likes of Seplat and even with the likes of the major International oil companies that they have bought their assets.

This is not a buy or sell recommendation. But my contribution.

Krisuba:
.

Hope say you no follow me use fomo go run into sugar that is now purging??

Lol.. I believe sugar will still have another run.. Same with Transcorp..

Yoast:

Lol.. I believe sugar will still have another run.. Same with Transcorp..

Make Alhaji do let us know when the next stage will happen

Payunsin:
I keep buying GSk.
Hope no be my village People dey follow me?
Expecting minimum of N15 exit price

Bought PZ For N16 plus
Sold at N20...
After the news came out..
Anything is possible ..

kamtrix:
Please everyone. I'm doing a little research. What are the hardest stocks to find to buy in NSE? Thanks

You are not doing any research. You just don't know what you are saying, especially using the words "hardest stocks to buy". Na stones dem dey crush?

if you are truly doing research, just place 1 unit order on all the stocks on the market at market rate and see which one is "HARDEST TO BUY"

This OANDO is looking more like a mop up........
No matter the numbers brought out @14.60, you see it mopped up much faster........
Been observing it .......wonder what's going on within......
Over 90M units in transaction as at now.....100M+.......
with N1.4B+ staked so far.....

Back to full bid again........

**Pls do not take as any form of buy or sell o. Mcy will not answer for any decision you make as your own portfolio CEO**

** This mop up come dey make person fear o!
Hope all is well...
We are watching what those guys are up to..........if its from inside, then maybe they have some updated info again.....

** OANDO topped Value and Volume table for today......

Chai. This Oando at this moment has only bids and no offers. Those who bought this year before the month of September are lucky. Either way they win. If Oando remains on the exchange their win will be extraordinary. Looks like the bus is not stopping to pick passengers. People are fighting to enter the moving the bus.

Chai. And the bus was parked for a long time. With the doors wide open with empty seats.

For me its Sfsreits

kamtrix:
Please everyone. I'm doing a little research. What are the hardest stocks to find to buy in NSE? Thanks

Kereokwu:
For me its Sfsreits

there is currently an ofer of over 29k units at N97.35

If you bid on that amount, you clear it instantly. What's hard there

yMcy56:
This OANDO is looking more like a mop up........
No matter the numbers brought out @14.60, you see it mopped up much faster........
Being observing it .......wonder what's going on within......
Over 90M units in transaction as at now.....

Back to full bid again........

**Pls do not take as any form of buy or sell o. Mcy will not answer for any decision you make as your own portfolio CEO**

ymcy56 ..i beg sis when is the dividend schedule for uba . gtco and zee
Thnks

lancee:
ymcy56 ..i beg sis when is the dividend schedule for uba . gtco and zee
Thnks

Attached.
Hope it's legible enough.


* Meanwhile, there's much transactions in SUGAR today.......
UCAP sighted @18/18.20......insider trading....

Yoast:
This market is sometimes for the very brave. If I was brave enough, I for follow ride this Cham but I missed out narrowly. As if it that wasn't bad enough, I also missed Japaul. Na wa o

People who bought their Chams PLC stock at between NGN0.20 to NGN0.35 and sold it at an average price of NGN1.00 no suppose look back as per "Had I Known". They should be grateful for the profit therein that was banked into their respective bank accounts.

ACCESS back ahead of UBA at close of business today with N17.20 versus N17.10 respectively.

UBA beat ACCESS in price for only 2 days.

Market waiting for audited Q2 results for Access.

Then the Oga will become clearer.

Yoast:
This market is sometimes for the very brave. If I was brave enough, I for follow ride this Cham but I missed out narrowly. As if it that wasn't bad enough, I also missed Japaul. Na wa o

Having direct access to the market (i.e. using a digital stock broker) helps a lot about this bravery you are talking about. It helps you see where exactly you are going and also help you determine, with a fair level of accuracy, when you should exit. I exited CHAMS this morning when the ship began to shake but may re-enter tomorrow if the ship stabilizes.

UCAP massive. Total number of 22,582,069 units bought today. Valued at about N407,606,345.45

Who is in the kitchen? What are they cooking?