₦airaland Forum

This thread don de cast
The thread is now Monkey Hunting thread
All these guys in crypto just discovered and all rushed in for quick money..Most of them who claim trader come here to market thr goods first with sole reason to collect thr 10% on the stock no longer 20% on dead woods abi stock fish

The fake prophet has gone quiet too.

The thread don cast..
I hope to join a group that is really for stock investment/analysis.

yMcy56:
All offers at days low mopped up
You can sell if you think your BP is rising nah.
OANDO is coming for fund raising, we don't know at what price yet but there may be pumping when the time is coming near......
Not any form of certainty that there'll be pumping but highly likely once the price is determined....
Again, not still sure of the means of fund raising, may be in form of Bond or equity or both......not limited to private/strategic investment.

** Not any form of advice pls**

Shouldn't there be an AGM to appeove fundraising?

yMcy56:
Lol.
Once these guys are ready forget o....
They knows how to go about it and make it happen.

When UBA fixed RI for 35 and was announced when trading below 28, they knew how they moved the price above 30....

UBA dey make profit and declare dividend ooo, so the market would always cooperate with whatever they decide to do.
Alternatively, Oando can obtain shareholders approval to go for private placement if they know where to get the money without coming to the larger market. If they come to the public market, many issues/questions would be raised which they may not be able to answer, unless it is on the heels of very good Q1 or H1 2025 performance report.

yMcy56:
All offers at days low mopped up
You can sell if you think your BP is rising nah.
OANDO is coming for fund raising, we don't know at what price yet but there may be pumping when the time is coming near......
Not any form of certainty that there'll be pumping but highly likely once the price is determined....
Again, not still sure of the means of fund raising, may be in form of Bond or equity.

the 2023 AFS stated that they intend to wrap up bond in Q4 2024 ( i doubt if this is possible again) then thereafter follow up with equity

meaning they are looking at maybe H2 2025 or early 2026 for the equity part (when some result reflecting ENI's purchase would have reflected in result).

robobo:
the 2023 AFS stated that they intend to wrap up bond in Q4 2024 ( i doubt if this is possible again) then thereafter follow up with equity

meaning they are looking at maybe H2 2025 or early 2026 for the equity part (when some result reflecting ENI's purchase would have reflected in result).

Ok. Thanks for this.
BOND may still happen this Q4
Followed by EQUITY next year possibly
We see how events unfolds

robobo:
the 2023 AFS stated that they intend to wrap up bond in Q4 2024 ( i doubt if this is possible again) then thereafter follow up with equity

meaning they are looking at maybe H2 2025 or early 2026 (when some result reflecting ENI's purchase would have reflected in result.

Oando already took some loans in 2024. Their ability to manage and pull through 2024 is even a surprise to many. But the interest finance costs is becoming a huge drain on the profits.

mikeapollo:
Oando already took some loans in 2024. Their ability to manage and pull through 2024 is even a surprise to many. But the interest finance costs is becoming a huge drain on the profits.

The debt raise (bond) is to pay down on some of the expensive loans procured earlier in the year to close the ENI deal (check the notes to AFS 2023)

robobo:
The debt raise (bond) is to pay down on some of the expensive loans procured earlier in the year to close the ENI deal (check the notes to AFS 2023)

But the ENI deal was executed with loans from Afrexim Bank, with more favourable rates and terms.
The debt raise may rather be to settle other expensive, commercial loans that were taken for working capital support and operations.

Zenith MD purchased 192,856 units yesterday @42.10.

Mansard
Smooth journey to 7 pin if 6.39 is broken.
We watch

Harvestock01:
You also saw how Proshare tweak and polish old stories to look new? That should tell you there's an agenda to it and Proshare has a dog or is being used by other dogs in the fight.

I will sit tight and follow the season film titled "Oando"

This could be one of the thorny issues that may be raised if Oando decides to do an equity fund-raise without putting some clarity and finality to the matter. Although an equity raise (from the public) is more or less a confirmation that they are no longer delisting.

Raider76:
UCAP bounced back from -10% down at the open.
Support the notion that those who held to take the bonus were long termers.

Many of these shares are just displaying "yoyo" movement..

SonofElElyonRet:
Many of these shares are just displaying "yoyo" movement..

True. No clear direction yet. Perhaps the movers and shakers of the market are still accumulating.

mikeapollo:
This could be one of the thorny issues that may be raised if Oando decides to do an equity fund-raise without putting some clarity and finality to the matter. Although an equity raise (from the public) is more or less a confirmation that they are no longer delisting.

If shellholders refuse to let Oando delist from the NGX, Oando will delete the shellholders by PP capital raising. By delisting or by deleting, shellholders shall not be part of the goldmine, sorry.

Dangote Sugar 9M 2024 results

https://lifeasananalyst.substack.com/p/dangote-sugar-2024-hasnt-been-sweet

MTN Nigeria 9M 2024 results

https://lifeasananalyst.substack.com/p/mtn-nigeria-living-on-a-prayer

zendi:
If shellholders refuse to let Oando delist from the NGX, Oando will delete the shellholders by PP capital raising. By delisting or by deleting, shellholders shall not be part of the goldmine, sorry.

Lol,
How does deleting shellholders/shareholders by PP work? I want to learn.

Eunisel Just dey go up jejely everyday for more than 3 weeks.

With Low volumes and scanty or no offers.

What do they sell?

OandO. -9.42%
ETERNA. ±
ARADEL. ±

mikeapollo:
Lol,
How does deleting shellholders/shareholders by PP work? I want to learn.

Let's say Oando has 10B shares

Do a 100B PP offer (or collect a convertible loan Lol)

That leaves shellholders with < 10% of the company.

Newgold gained #3,000 (11%) today.
Closed at #30,000.

We keep our eyes here for solid mineral stocks directions.....

Let's see if it will make another effort tomorrow

Dangote sugar reach elastic limit ni

Pls I want to get more insight on this your loan with stocks as collateral

emmanuelewumi:
These are the acceptable shares for collateral and not illiquid stocks

Sunrisepebble:
Pls I want to get more insight on this your loan with stocks as collateral

You can use your shares as collateral security for loans

The loan can be used to buy shares or to invest in your personal business.

Talk to your stockbroker or bank

mikeapollo:
Lol,
How does deleting shellholders/shareholders by PP work? I want to learn.

Are you a learner?

Agbalowomeri:
Let's say Oando has 10B shares

Do a 100B PP offer (or collect a convertible loan Lol)

That leaves shellholders with < 10% of the company.

Na wetin I don dey talk all along.

Agbalowomeri:
Let's say Oando has 10B shares

Do a 100B PP offer (or collect a convertible loan Lol)

That leaves shellholders with < 10% of the company.

MD of Ellah Lakes sold 80mn units

Agbalowomeri:
Let's say Oando has 10B shares

Do a 100B PP offer (or collect a convertible loan Lol)

That leaves shellholders with < 10% of the company.

What will be Wale's own holding in such arrangement? Less than 5%?

Sunrisepebble:
MD of Ellah Lakes sold 80mn units

https://doclib.ngxgroup.com/Financial_NewsDocs/58(11_Nov_2024)Notice_to_NGX_on_Sale_of_Shares_of_CBO_Capital-Ellah_Lakes_Plc.pdf

Sunrisepebble:
MD of Ellah Lakes sold 80mn units

Seunn11:
What will be Wale's own holding in such arrangement? Less than 5%?

This one is beyond hilarious. Who do you think will be the chieftains of those PP investors? Of course the cowbois by themselves, to the limit they're allowed by law as individuals, and then further, thro their holding entities. That a company is broke does not mean that the cowbois are broke.