₦airaland Forum

mikeapollo:
To my understanding, the Oando court case coming up in October is between the 14 minority shareholders who went to court to ask for Oando to buy out their shares. The Court has varied it's easier order dated June 2022: so only those 14 minority shareholders will have their shares bought back if they still want to sell to Oando at N7.07 per share. . Other minority shareholders are not affected and their shares are intact. Some 5 minority shareholders went to court to challenge the 14 shareholders and the court gave judgement in favour of the 5 shareholders, saying that all minority shareholders cannot be forced to sell their shares. As it stands right now, Oando is not delisting. If the 14 shares sell their shares, Oando will buy them back but will still be listed because the company did not initiate the idea to delist its shares, it only had to respond to the case brought by the 14 shareholders . And that case has been technically shut down by the court. The case coming up in October is just for formality. It is already dead case.

Not true

Oando also initiated the delisting process

Oando wants to delist NSE even in South Africa

https://businessday.ng/markets/article/oando-to-delist-as-core-investor-plans-buyout-of-minority-shareholders/

mikeapollo:
Remember Oando was stagnant for some years before it started to rise.
If you can invest and wait for some time like Oando did, then consider International Breweries. It is also experiencing some difficulty and undergoing some restructuring. The turnaround time may come sooner or later. It was selling at N45 few years ago but now selling at around N4.
Someody also mentioned Unity Bank which is selling at N1.5 and under technical suspension.
Honeywell Flour Mills is another case . Its parent company (Flour Mills) is currently restructuring the company. Once this is completed, synergy and cost efficiency will lead to better performance and higher value.

Thanks a million for this heads on. I will buy these listed shares and bear the risk.

designking:
Thanks a million for this heads on. I will buy these listed shares and bear the risk.

So na head dey cause this😂

godlyguy:
Not true

Oando also initiated the delisting process

Oando wants to delist NSE even in South Africa

https://businessday.ng/markets/article/oando-to-delist-as-core-investor-plans-buyout-of-minority-shareholders/

What does "initiate" stand for or mean? The first to make a move or request. Was it Oando that made the first request to the Court or they responded to an initial request ?

owolabi5:
Please sir, what is the COMMON SENSE ENTRY POINT for PRESTIGE ASSURANCE?

Thanks baba

For Prestige, I am waiting for 0.48 sir. The price should drop further because the company needs to meet its free float requirement.

Profit Target = 6k x4 x 4 = 96k

So if entry is about 0.48, one could see a 100% gain especially if able to pay at least 5k dividend this year.


You still have to do your due diligence though.

aj8:
For Prestige, I am waiting for 0.48 sir. The price should drop further because the company needs to meet its free float requirement.

Profit Target = 6k x4 x 4 = 96k

So if entry is about 0.48, one could see a 100% gain especially if able to pay at least 5k dividend this year.


You still have to do your due diligence though.

Thanks a million boss man.

godlyguy:
Not true

Oando also initiated the delisting process

Oando wants to delist NSE even in South Africa

https://businessday.ng/markets/article/oando-to-delist-as-core-investor-plans-buyout-of-minority-shareholders/

Guy just forget about oando matter.
OODP is the same as oando. They initiated the delisting and are behind the first 14 shareholders that went to court. They wanted to delist using the court. And when thr body language changed.That is why I started telling people to buy oando and went further to be shouting wale come and pay me #20 incase they are bent on delisting. As it Stands now it is dead idea.we must say the truth no matter what is at stake. This is how Atiku came to put the truth too on other deals they claimed it had gone through before agip own.The only thing is thr is strong political will to push oando through as has been confirmed by the junior ministry on oil.They are targeting oando to do100,000 in the near future to meet the 2million barrel by December...my contact was right then.Pls this is not a buy hold or sell recommendation...just stating the truth .
Note.I am no longer interested in oando discussions but cannot look away when lies are repeated

Looking at economic happenings of recent the stock market stand to gain from this happenings
1.The decline in the fixed income rates in the last few months from about 22% to 18% plus and likely further push to 15% in the last quarter of the year
2 The coming of dangota refinery which will likely create stability in the naira if not make it gain little in value
3.The inflation figure is likely going to head south based on food inflation as we are seriously heading to havest season in the last quarter of the yr if you have lived in the North .I expect real bull first quarter 2025


On another note.i have started working on the stock to give me 100% target on my 1million naira challenge target for the yr or even more.I have pencilled down to three stocks. @ ositadima pls join me in the challenge..lol

Streetinvestor2:
Looking at economic happening of recent the stock market stand to gain from this happening
1.The decline in the fixed income rates in the last few months from about 22% to 18% plus and likely further push to 15% in the last quarter of the year
2 The coming of dangota refinery which will likely create stability in the naira if not make it gain little in value
3.The inflation figure is likely going to head south based on food inflation as we are seriously heading to havest season in the last quarter of the yr if you have lived in the North .I expect real bull first quarter 2025


On another note.i have started working on the stock to give me 100% target on my 1million naira challenge target for the yr or even more.I have pencilled down to three stocks. @ ositadima pls join me in the challenge..lol

Me I went to open another STB account to join MarketJJC on this challenge o. But na tashere money I go use start

https://www.youtube.com/watch?v=iLjbWIZ9YU0?si=aqF5qcpcrsElIoCA

Ginalex:
Me I went to open another STB account to join MarketJJC on this challenge o. But na tashere money I go use start

Make una dey pay for patent as una dey enter the challenge 😂

mikeapollo:
To my understanding, the Oando court case coming up in October is between the 14 minority shareholders who went to court to ask for Oando to buy out their shares. The Court has varied it's easier order dated June 2022: so only those 14 minority shareholders will have their shares bought back if they still want to sell to Oando at N7.07 per share. . Other minority shareholders are not affected and their shares are intact. Some 5 minority shareholders went to court to challenge the 14 shareholders and the court gave judgement in favour of the 5 shareholders, saying that all minority shareholders cannot be forced to sell their shares. As it stands right now, Oando is not delisting. If the 14 shares sell their shares, Oando will buy them back but will still be listed because the company did not initiate the idea to delist its shares, it only had to respond to the case brought by the 14 shareholders . And that case has been technically shut down by the court. The case coming up in October is just for formality. It is already dead case.

Thanks for the explanation.
I lost my fear of delisting after the
Bawa-nairametrics-ogg Court ruling, and jumped in at km 18.
I further topped up in the 20s, and the rest has been history.
Thanks for the insight.
In this biz, the only certainty is uncertainty.
But thus far the going has been great.
Oando has been a mighty blessing to many, through God's mercy.
I've sold some and still sit on some.
Let's see how it goes.

mikeapollo:
What does "initiate" stands for or mean? The first to make a move or request. Was it Oando that made the first request to the Court or they responded to an initial request ?

Leave godlyguy, I know him well. His game is scaring people to drop their Oando for him.

2zona:

https://www.youtube.com/watch?v=iLjbWIZ9YU0?si=aqF5qcpcrsElIoCA

This is great.It will really guide me in my further decisions on the company. The most important thing is that thr is the grow naija spirit in them like alhaji if is coming from sincere management. And this grow naija spirit is why I respect alhaji so much even if others brand it as monopoly. I don't mind anyone having monopoly in different sectors of the economy for now to grow nigeria instead of dependence from outside. Let more Nigerians take up monopoly in other sectors. When we don grow finish. We go now start the fight on monopoly because we will now have what it takes to fight it .

Oando all I beg you guys to have is sincerity of purpose to grow naija.I personal don't like the level of suffering happening in the country and the level of japa happening
Pls nobody should use this post to read meaning beyond what has always been my dream for naija which is grow naija. And that is the spirit I saw in this young man relating to this interview. It is highly inspiring if you are like me who believes we go no whr,we die here

Nice one from OANDO...

Slightly off topic. Does anyone have any idea when the result of the domestic dollar bond would be announced? Wasn’t settlement supposed to be last week Friday?

2zona:

https://www.youtube.com/watch?v=iLjbWIZ9YU0?si=aqF5qcpcrsElIoCA

Same format from the days of old. I pity those new in NGX falling for all these

Be wise

zendi:
Leave godlyguy, I know him well. His game is scaring people to drop their Oando for him.

I don't have a single unit of oando and will never have anything to do with it

My warning is actually for the new entrant not the oldies in NGX

Be wise

Streetinvestor2:
This is great.It will really guide me in my further decisions on the company. The most important thing is that thr is the grow naija spirit in them like alhaji if is coming from sincere management. And this grow naija spirit is why I respect alhaji so much even if others brand it as monopoly. I don't mind anyone having monopoly in different sectors of the economy for now to grow nigeria instead of dependence from outside. Let more Nigerians take up monopoly in other sectors. When we don grow finish. We go now start the fight on monopoly because we will now have what it takes to fight it .

Oando all I beg you guys to have is sincerity of purpose to grow naija.I personal don't like the level of suffering happening in the country and the level of japa happening
Pls nobody should use this post to read meaning beyond what has always been my dream for naija which is grow naija. And that is the spirit I saw in this young man relating to this interview. It is highly inspiring if you are like me who believes we go no whr,we die here

Alhaji is sincere from day one compared to the forces behind oando. Those old in this NGX won't forget them and their schemes.

I'm laughing here 😂

Warning people especially new entrants about oando I may be called any name but I won't stop at it because premium tears is real

Be wise

godlyguy:
I don't have a single unit of oando and will never have anything to do with it

My warning is actually for the new entrant not the oldies in NGX

Be wise

Oando ran into financial difficulty after buying Conovophillips for $1.5b in 2014 and could not pay dividend since then. But the same company was paying N2-N3 dividend per share in 2008-2011.

godlyguy:
Warning people especially new entrants about oando I may be called any name but I won't stop at it because premium tears is real

Be wise

…and good for you that you’ve got nothing to lose since you have zero unit of OANDO.

Dangote’s Ambitious Growth Strategy

Aliko Dangote, renowned for his business acumen, has not rested on his laurels. The Dangote Group, one of Africa’s largest conglomerates with interests spanning cement, sugar, salt, and oil refining, has set its sights on further growth.

In a recent presentation during a media tour of the Dangote Refinery, the billionaire outlined plans to increase the group’s revenues to an ambitious $30 billion by 2025. 

Central to this strategy is a significant shift in the group’s foreign exchange (FX) operations.

Dangote aims for the conglomerate to become Africa’s largest provider of foreign exchange, with the goal of reducing dependence on the Central Bank of Nigeria (CBN) for FX sourcing.

Dangote further revealed plans to dramatically reduce the group’s reliance on the Nigerian cement market, which currently accounts for 75% of its business, down to 15%. Additionally, he projected a diversification of revenue sources, with 50% of EBITDA expected to come from foreign markets.

He also emphasized that 90% of the group’s future revenue would be generated in hard currency, underlining its focus on international expansion and export-driven growth.

godlyguy:
Warning people especially new entrants about oando I may be called any name but I won't stop at it because premium tears is real

Be wise

Tell us about the stocks that will give us premium joy better than what Oando is giving us right now. That is what is more important.
We have all shed years at one time or the other in life, so it is not news
What we want now is the premium joy.
Give the good news, not always the bad news.

When a man whose mother was killed by a madman sees a roadside auto mechanic, he may be tempted to pick a race. Thinking he is another madman. The present POLITICAL DISPENSATION makes a lot of difference in OANDO. It is a pity FEAR kept you away from this once-in-a-decade Prosperity Rain

godlyguy:
I don't have a single unit of oando and will never have anything to do with it

My warning is actually for the new entrant not the oldies in NGX

Be wise

mikeapollo:
Tell us about the stocks that will give us premium joy better than what Oando is giving us right now. That is what is more important.
We have all shed years at one time or the other in life, so it is not news
What we want now is the premium joy.
Give the good news, not always the bad news.

That's not my responsibility

Testimonies777:
When a man whose mother was killed by a madman sees a roadside auto mechanic, he may be tempted to pick a race. Thinking he is another madman. The present POLITICAL DISPENSATION makes a lot of difference in OANDO. It is a pity FEAR kept you away from this once-in-a-decade Prosperity Rain

Congratulations then but I must continue airing my views. Ok

GeeKudi:
…and good for you that you’ve got nothing to lose since you have zero unit of OANDO.

Yes

godlyguy:
That's not my responsibility

Lol! Indeed!
So warning people about premium tears because of Oando is your "responsibility" ?

mikeapollo:
Lol! Indeed!
So warning people about premium tears because of Oando is your "responsibility" ?

My responsibility here is to air my views about whatever I want because it's my right. Ok

I noticed that anyone saying any opposing thing about oando automatically becomes an enemy or hater but I don't care

If oando improves tomorrow I will still air my views because it's my opinion just as all the praise singers are doing