₦airaland Forum

OANDO TESTING 10-YEAR HIGH, WILL BULLISH SENTIMENTS CONTINUE DRIVING IT HIGHER?
In today's trading, OANDO's price slightly rallied above its 2014 high, closing at 36.95. The next strong resistance is between 50 and 56. Will the ongoing bullish sentiment continue to drive the stock higher above its 10-year high, or will it experience a pause? As of COB today, price action does not suggest a pause.

PLAN YOUR TRADES AND TRADE YOUR PLANS

SonofElElyonRet:
Website is in screenshot

ok

BullBearMkt:
OANDO TESTING 10-YEAR HIGH, WILL BULLISH SENTIMENTS CONTINUE DRIVING IT HIGHER?
In today's trading, OANDO's price slightly rallied above its 2014 high, closing at 36.95. The next strong resistance is between 50 and 56. Will the ongoing bullish sentiment continue to drive the stock higher above its 10-year high, or will it experience a pause? As of COB today, price action does not suggest a pause.

PLAN YOUR TRADES AND TRADE YOUR PLANS

That means my TA is right lol.If no pull back by Monday na #50 be dat next week

Streetinvestor2:
That means my TA is right lol.If no pull back by Monday na #50 be dat next week

There is a minor resistance around 41 sha! If it can overcome that, then...

By reducing the shares via buyback, eps will increase.

SonofElElyonRet:
the bought back shares won't get earnings??

Thank you for getting back to me. I'm actively accumulating shares in the S&P, Mag 7, and BRK.B, taking advantage of the current discounts. I'm committed to riding out the market fluctuations and hoping to see further corrections before the bear market gives way to a bull market.

bovali:
Sold at resistance of 5,600. Holding cash at the moment cause I still expect further correction in the market

jideflash:
By reducing the shares via buyback, eps will increase.

Great. Thanks

https://nairametrics.com/2024/08/08/one-year-after-floating-naira-ngx-market-cap-drops-by-27-8-billion/

About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, the market capitalization of the Nigerian Exchange (NGX) has declined by $27.8 billion.
Less than two weeks after assuming the presidency, President Bola Tinubu moved the CBN to unify the exchange rates in the parallel and official markets. This led to a depreciation in the value of the Naira on June 9, 2023, from N465/$ to N756/$.

jideflash:
By reducing the shares via buyback, eps will increase.

seems you and mercy are the insurance gurus... which do you think is cheaper between veritaskapital and aiico relative to eps and other crucial factors ?

BullBearMkt:
There is a minor resistance around 41 sha! If it can overcome that, then...

Boss, what is Japaul gold chart saying please?

Mankind2024:
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I welcome your thoughts and discussions on this topic.

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SonofElElyonRet:
seems you and mercy are the insurance gurus... which do you think is cheaper between veritaskapital and aiico relative to eps and other crucial factors ?

Hmm OGG too dey ooo. Him don touch light all these insurance companies on NGX ooo.

SonofElElyonRet:
seems you and mercy are the insurance gurus... which do you think is cheaper between veritaskapital and aiico relative to eps and other crucial factors ?

Veritas has far better prospects than aiico now.varitas has 13 B os while aiico has over bloated os of 38B.That is why they are going the way of shares buy back which is better than reconstruction. I have not checked thr results. It means they have good retained earnings.It would have made better comparison if I know the quantity they want to cancel out.The two leading guys in that sector have os of 5B(custodian and nem)

freeman67:
Hmm OGG too dey ooo. Him don touch light all these insurance companies on NGX ooo.

Proposed Share buy back by AIICO is recent development.. besides i can't kiss anyone's backside because i want an opinion

Streetinvestor2:
Veritas has far better prospects than aiico now.varitas has 13 B os while aiico has over bloated os of 38B.That is why they are going the way of shares buy back which is better than reconstruction. I have not checked thr results. It means they have good retained earnings.It would have made better comparison if I know the quantity they want to cancel out.The two leading guys in that sector have os of 5B(custodian and nem)

thanks for your contribution

both are good stocks, veritas kapital bus is already on the move sha, while aiico is loading, both are wins depending on your entry...

SonofElElyonRet:
seems you and mercy are the insurance gurus... which do you think is cheaper between veritaskapital and aiico relative to eps and other crucial factors ?

Salvationone:
Boss, what is Japaul gold chart saying please?

With the ongoing bullish sentiments, it can only continue to rise.
-A positive close today is a confirmation of rejection after several touches at the support at 1.70

BullBearMkt:
With the ongoing bullish sentiments, it can only continue to rise.
-A positive close today is a confirmation of rejection after several touches at the support at 1.70

Thank you boss.

BullBearMkt:
With the ongoing bullish sentiments, it can only continue to rise.
-A positive close today is a confirmation of rejection after several touches at the support at 1.70

"Yesterday" as at when you posted

Brand new day.... another Oando 10%

SonofElElyonRet:
"Yesterday" as at when you posted

...I guess you get it; idea is needed

BullBearMkt:
With the ongoing bullish sentiments, it can only continue to rise.
-A positive close today is a confirmation of rejection after several touches at the support at 1.70

Hopefully we get 10% from Japaul too.. and a sustained rally to around N2.50 minimum being private placement price

SonofElElyonRet:
Hopefully we get 10% from Japaul too.. and a sustained rally to around N2.50 minimum being private placement price

I pin here till 2.50

SonofElElyonRet:
Brand new day.... another Oando 10%

are you sure?

I want to express my gratitude to everyone on this thread. It's quite interesting that this same platform where people have profitable financial discussions for mutual gains, is also where some people are killing themselves in the politics section.

The knowledge shared here have been invaluable, but unfortunately, I've missed out on several investment opportunities. It's frustrating to be so close to placing a buy order, only to have a full bid start the next day.

I don siddon with full chest inside AIICO.

Does anyone have insight on cornerstone Insurance ?

Princkez:
are you sure?

With that yesterday's outstanding bid i sure do hope so.. abi something don change?

53M Oando bd

Bagwa:
53M Oando bd

So the ride will continue.

jideflash:
By reducing the shares via buyback, eps will increase.

What if buyback, and/or reconstruction is to make room for the new shares to be created in sector recapitalization.
To mimic the banking sector, insurance capital base is to be raised from 3b to 25b.
And, given their low prices, imagine the zillions of new shares to be minted to achieve that.

SonofElElyonRet:
With that yesterday's outstanding bid i sure do hope so.. abi something don change?

you are right ooo...They say it's 53million bid already ooo

Ding Dong!