₦airaland Forum

mikeapollo:
Wale and Oando must be held accountable for this! It is unacceptable and bad.
If the delay is caused by the auditors, then they must fire the auditors immediately . If they made a loss, they should just publish the loss. They are not the first company to make a loss!

Raider76:
Oga. Those people don't believe they are accountable to anyone. Will not be surprised if this starts another round of delisting fears.

emmanuelewumi:
How long have you been in this market?
Have you been investing for 15 years and above?
Na today

emmanuelewumi:
Did you care to read the previous auditors comment about the going concern status?

That is the first thing I read before going through the financial.

A lot of information are in that small print, but most of us don't read it

Streetinvestor2:
OK thanks. I have been using 20% to do the maths and it has not been looking feasible for only stock portfolio

godlyguy:
They will be suspended

mikeapollo:
Pardon me, I don't understand what your questions are driving at!
Yes of course, I have ben investing for more than 15 years

emmanuelewumi:
Did you care to read the previous auditors comment about the going concern status?

That is the first thing I read before going through the financial.

A lot of information are in that small print, but most of us don't read it

emmanuelewumi:
You look at total return of over 20%.

Total return is dividend yield and capital appreciation.

A N10 million portfolio at the beginning of the year which gave you a dividend of N1 million and appreciated to N12 million at the end of the years.

Has given you a total return of 30%

mikeapollo:
I suspect they made a loss for HY2024, and are finding a way to delay the results until they release the HY2024 results. It is too early to insinuate that the cause is about the going concern or no going concern.

Look, the suspension of trading in the shares is even protecting Oando. The NGX should have allowed the share price to crash, and let people face the reality.
Sustaining the price at N89.65 is a favour being done to Oando and they are not deserving!

Streetinvestor2:
I was thinking thr is a way I could make 2M from the 10M with or without the appreciation to 12 Million .Na thr I dey since all this time on the rebalancing. This is because the appreciation may be marginal at the end of the yr

mikeapollo:
I suspect they made a loss for HY2024, and are finding a way to delay the results until they release the HY2024 results. It is too early to insinuate that the cause is about the going concern or no going concern.

Look, the suspension of trading in the shares is even protecting Oando. The NGX should have allowed the share price to crash, and let people face the reality.
Sustaining the price at N89.65 is a favour being done to Oando and they are not deserving!

mikeapollo:
I suspect they made a loss for HY2024, and are finding a way to delay the results until they release the Q3 2024 results. It is too early to insinuate that the cause is about the going concern or no going concern.

Look, the suspension of trading in the shares is even protecting Oando. The NGX should have allowed the share price to crash, and let people face the reality.
Sustaining the price at N89.65 is a favour being done to Oando and they are not deserving!

yMcy56:
GTCO @53!

The banks seems to be looking up...


Make Una rest from OANDO discussion small.....😁
Once results are released, the suspension will be lifted....
If results are good, it will come back stronger, so I Blvd.
Those that rushed to buy yesterday may know something, we don't know the reason for their actions.

sterlingD:
Whatever the case maybe they should release the result now. Haba even Dangote Sugar Refinery that has been making loss at some point did not delay in releasing their result.

Blaqq2:
Una no dey give recommendations for this forum oo
Naso so oando everywhere

Newbies fit lost
Con lost again

emmanuelewumi:
Can you make 10% from real estate without capital appreciation

yMcy56:
GTCO @53!

The banks seems to be looking up...


Make Una rest from OANDO discussion small.....😁
Once results are released, the suspension will be lifted....
If results are good, it will come back stronger, so I Blvd.
Those that rushed to buy yesterday may know something, we don't know the reason for their actions.

Streetinvestor2:
Agbalowomeri will not like what he is seeing on gtco now

emmanuelewumi:
You look at total return of over 20%.

Total return is dividend yield and capital appreciation.

A N10 million portfolio at the beginning of the year which gave you a dividend of N1 million and appreciated to N12 million at the end of the years.

Has given you a total return of 30%

Streetinvestor2:
I don't know .I thought some people say it is possible in thr adverts for that sector. The only real estate I do is just to buy land and keep as an igbo man..lol

emmanuelewumi:
Because they are not Monkey Hunting.

It appears some people are paid Monkey Hunters, so that people with privilege information can easily sell at a premium.

Reason why old favourable news are being recycled

BabsO2:
The PO for Dangote Sugar was Monkey Hunting. But so many brokers praised it in the same way some praised Aradel and gave it a N1,200 valuation. Alhaji ripped off those that bought the Sugar IPO so don't mention because they are not Monkey Hunting. Aradel would have done the same if not because of it's prior listing on NASD with many already in the know of the relatively bloated price.

emmanuelewumi:
If you are not an insider you should invest based on available facts and figures not based on hope.

But if you must invest based on hope, don't have more than 20% of your fund invested based on hope

Pennystockwarri:
Nigerian Breweries 9M 2024 results

https://greentickertales.com/nb-9m-2024-waiting-for-the-infusion/