₦airaland Forum

RodgersAkpafu:
if you are up 30%
or 50%
Commissions would nibble into too much of your profit

jonnysessy:
Your two years in the market is a quality one. I had read from you and I never knew you were this young in the market. The sky remains your starting point. I still wish you a happy marriage preparation 😁

Agbalowomeri:
Lol just two years? Which is a bull period. You never learn anything until you complete a bull and a bear cycle 😂

Sunrisepebble:
Please what does bear cycle look like on NGX for us that are relatively newcomers

megawealth01:
It's a season where people don't comment here because UBA and ACCESS were 5+, FIRST BANK 3+ etc all stocks go so low that you will just lock up your app till further notice

Blaqq2:
even for small capital?

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/42408_OANDO_PLC-OANDO__PRESS_RELEASE__CORPORATE_ACTIONS_OCTOBER_2024.pdf

KarlTom:
OandO

November 1

gbengafaro1986:
transcorp has been reconstructed, reduced and added back to CSCS price remains unchanged ...hmmm...what happens now?

Ginalex:
me too o. Wacc was 21.8 exit was 28. Wish I waited longer sha. It is what it is

megawealth01:
It's a season where people don't comment here because UBA and ACCESS were 5+, FIRST BANK 3+ etc all stocks go so low that you will just lock up your app till further notice

Streetinvestor2:
Just like I was expecting or anticipating..I sensed they will default for 23 but I begged it should not pass October end

megawealth01:
On a serious NOTE...

A bear market is a downward trend in financial markets, indicating a weakening economy and a loss of investor confidence. Bear markets can be as short as a few weeks or as long as a several years.

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/42408_OANDO_PLC-OANDO__PRESS_RELEASE__CORPORATE_ACTIONS_OCTOBER_2024.pdf

megawealth01:
On a serious NOTE...

A bear market is a downward trend in financial markets, indicating a weakening economy and a loss of investor confidence. Bear markets can be as short as a few weeks or as long as a several years.

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/42408_OANDO_PLC-OANDO__PRESS_RELEASE__CORPORATE_ACTIONS_OCTOBER_2024.pdf

brotherly:
In short, the result has been reviewed and provisionally approved by the Audit Committee and the Board. What remains is the final Audit Opinion, as the auditors requested additional time due to the recent acquisition.

If the share price saw a 10% increase around the time of provisional approval, it suggests that those last-minute buyers on the 23rd might be seeing something promising.

I’m holding on to my shares—don’t follow me; I bought mine at 12 naira.

BabsO2:
This is a very very very good sign
It's the review of the materiality of the new acquisition that causing the auditors to need more time.

So the CFO is okay. It's the complexity of additional acquisition that needs to be factored in that caused the delays plus the auditors needing extra time to assess the materiality of this additional information before concluding the audit opinion. Great

Hopefully the Oando rally will resume first week of November.

BabsO2:
Make Wale remember the question shareholders asked him about resumption of dividend payment and the answer he gave.

N1 dividend from the 2023 PAT and cashflow will be a good start and serve as a proof in the hands of shareholders that he as indeed turned the company around .

brotherly:
In short, the result has been reviewed and provisionally approved by the Audit Committee and the Board. What remains is the final Audit Opinion, as the auditors requested additional time due to the recent acquisition.

If the share price saw a 10% increase around the time of provisional approval, it suggests that those last-minute buyers on the 23rd might be seeing something promising.

I’m holding on to my shares—don’t follow me; I bought mine at 12 naira.

mikeapollo:
If what Oando has released is true, then it vindicates my earlier opinion that the efficiency or inefficiency of external auditors cold create problems for a company.
I hope they will not miss Nov 1 again, which falls on Friday.
Just put your mind on Nov 4, which is Monday

BabsO2:
Make Wale remember the question shareholders asked him about resumption of dividend payment and the answer he gave.

N1 dividend from the 2023 PAT and cashflow will be a good start and serve as a proof in the hands of shareholders that he as indeed turned the company around .

mikeapollo:
If what Oando has released is true, then it vindicates my earlier opinion that the efficiency or inefficiency of external auditors could create problems for a company.
I hope they will not miss Nov 1 again, which falls on Friday.
Just put your mind on Nov 4, which is Monday

chimex38:
Toh...When dem give you date, wise to add your own extension join for peace of mind
#shockabsorber

megawealth01:
He didn't promise dividend but promised a turnaround SOON without mentioning WHEN

chimex38:
Toh...When dem give you date, wise to add your own extension join for peace of mind
#shockabsorber

BabsO2:
Listen to the AGM again. Turnaround is not a promise but a completed milestone !!!!!.
He promised dividend. I already shared this before. Listen to the AGM again look at the transcript time below of his dividend promise.

Make we no miss inform people on what he said or didn't say abeg.

mikeapollo:
You want Oando to pay dividend with negative shareholders fund/equity?
I would advise that you focus on Oando for price gain; dividends may take some time. But if it happens, good.

Streetinvestor2:
Just like I was expecting or anticipating..I sensed they will default for 23 but I begged it should not pass October end

megawealth01:
You just wan argue ba? So he said he will pay dividends from 2023 financials ba?