₦airaland Forum

Locotrader:
He is now begging buyers at #2 but buyers are no more interested because of his attitude of selling.

Let him supply at 1.80.Na there we day now.

Averaging down activated

Sunrisepebble:
I had to quickly exit all my JB as soon as I saw Wike and co fighting with the MD on Twitter. Thank God I did so before it turned to full offer. It’s a shame really

ProphetUtuocha:
Mark this:
Those whose minds are paralysed
By reactionary analysis and Wale-hate
And thus are skeptical
To buy Oando
At these low prices
Will struggle to buy at much higher prices

Sunrisepebble:
I'll continue to accumulate as much as I can at these levels or below. The day it decides to gbe body, I will be there

chimex38:
Any Reason for the fight on twitter?
Is it on the revoked JB land asset?

ProphetUtuocha:
Mark this:
Those whose minds are paralysed
By reactionary analysis and Wale-hate
And thus are skeptical
To buy Oando
At these low prices
Will struggle to buy at much higher prices

Sunrisepebble:
Sorry for my poor language, they were not fighting on twitter. Rather, I saw a video where Wike was talking about how he revoked their land on twitter. I had previously also seen the Minister of Works, Umahi, also having issues with them. If the Minister of Works is having issues with you, then that is your signal to exit. Then luckily I decided to rotate profit into another industrial sector player, Wapco, and the rest is history

megawealth01:
When JAGABAN start the oil battle I just hope Wale doesn't delist Oando na that time una go know say I ain't joking with the $1 stuff

Sunrisepebble:
I dont think they will delist now. If they didn't do so when it was at a cheaper price, I dont see why they will now delist at this current level when it will be 5 or 6x times more expensive. I think Bagwa is right, perhaps they were just using the whole court thing as a distraction because if you check any technical chart, you'll see the ridiculous volume in Oando around 1st and 2nd week of September last year. It was likely Wale and co mopping us much as they could under 10 naira.

Re: Oil battle, my spiritual analysis is telling me that Oando will likely get that Trinidad Refinery. It will not even shock me if FG and NUPRC want to give them SPDC also at this point

Sunrisepebble:
RE: Wapco hearing c.80-100. Still remains to be seen whether the acquirer is taking over the majority shareholder (84%) alone (I.e Guinness) or if they are buying the whole company. The impact on the share price may not be as much if the first scenario holds

NB: DYOR, NFA

megawealth01:
PH Refinery: 200 Trucks Load Daily, 150,000BPD...

https://punchng.com/ph-refinery-200-trucks-load-daily-150000bpd-eleme-plant-dormant/

The oil battle don start

Zegra:
Kyari said the bigger plant, including the Warri and Kaduna refineries, would come on stream later. However, he declined to give a timeline because President Bola Tinubu warned him from doing so after several postponements.

megawealth01:
PH Refinery: 200 Trucks Load Daily, 150,000BPD...

https://punchng.com/ph-refinery-200-trucks-load-daily-150000bpd-eleme-plant-dormant/

The oil battle don start

chimex38:
Thought I read somewhere.
It will only serve NNPCL retail outlets for now.

megawealth01:
The fight go sweet ooooo

KarlTom:
I have placed an order for 1bullion van of popcorn...

KarlTom:
I have placed an order for 1bullion van of popcorn...

chimex38:
Thought I read somewhere.
It will only serve NNPCL retail outlets for now.

KarlTom:
The cleaner earning £25,000 p.a. is the one working harder not the manager/executive on £300,000 p.a.

Picky1:
Bros, please the manager/executive carries the most stress hence is the one working harder!

BHG:
https://thenationonlineng.net/ph-refinery-petrol-only-for-nnpcl-outlets/

KarlTom:
You see why NO ONE can predict the market?

One seller just squashed your +10% projection for CHAMS.
Now you're preaching -10% ...

KarlTom:
May God bless Alh. Aliko DANGOTE

If DANGREFINE didn't come on stream, this PHRC would have gulped another €10mn this year for TAM...

Healthy competition is great for business.

Streetinvestor2:
The problem of this country is not just the leaders. It is equally from the followers. You will see the truth you will not want to say it because you hope to benefit or don't want to say it because it may hurt you.This guy man want a way to write off the debt he has acquired via back door.All he want is for us to vote so that it will look legal. It is high timed efcc invites this professional yahoo man.
What he want to do is trying to write off this monies as bad debt simply via yeye shares given in it place.why are the banks being owed by oando not asking for oando shares to relief debt on onado head.Na the money we want not any kind yeye shares.

mikeapollo:
On a second thought, some scenarios came up in my mind about Oando's proposed financial restructuring:

Let us consider these two theoretical scenarios/options:

Option 1:
Write off the related party receivables to bad debts in the P/L and report huge losses for the year.
This would lead to a huge drop in price of the shares. With the huge losses, no dividend nor bonus can be paid to shareholders.

Option 2: this is what some of us think Oando is trying to do:
Convert and reclassify the related party receivables to investments in related parties (after receiving their shares). This would avoid writing off the receivables to bad debts, thereby preserving potential profits in the P/L. This could boost the company's chances of posting net profits for the year coupled with positive reactions in the stocks market. Shareholders would also benefit in future when the shares are distributed pro-rata.

The choice is for shareholders to decide

chimex38:
yes.this!👍
Though seems they will commercialise it later on.

Fight go start surely but na better fight wey go benefit the masses.
Make BUA refinery come on stream in 1-2 year time to finish work.

Petrol==>₦500 or less🙏🙏

BabsO2:
At current exchange rate and oil prices, petrol cannot sell for N500. If oil prices go down to $30s then N500 is possible if the exchange rate stays fixed. If exchange rate also improves to N900/$ then even at current oil prices N500 will petrol be.

mikeapollo:
Pegging our petrol price to the international price is one of the major mistakes that we are making as a country. I don't think any OPEC country does that.
What we need to do is to determine the inter-generational cost of producing the crude oil from our soil and add some equitable markup/margin on it and sell to the local market. This is how the local economy can be competitive against other countries. Governments have successfully deceived us into believing that it is the right thing to relate the cost of oil in New York with the price we sell it in our villages and towns when we are the producers.
The price of Coca cola in New York is the not the same as Coca Cola produced at NBC in Ibadan

megawealth01:
Is the company listed? Any of them that's listed that JAGABAN is related to directly or indirectly abeg let me know so I can go and secure the bag sharp sharp

Follow the MONEY joor