₦airaland Forum

Makanjuola89:
Oando has finished me

Omo better toughen up before you enter depression... You will come back stronger

SonofElElyonRet:
Omo better toughen up before you enter depression... You will come back stronger

Depression kwa on top stocks?

A percentage (not all)

Also there is a peg on the oil price when such facilities are arranged. The fear is whether Brent will fall below that peg...

Sunrisepebble:
I think it can really get to that level. Remember all their crude is pledged to RBL. Now with lower oil prices, they might be in trouble

SonofElElyonRet:
Seems like Oando gbas gbos go soon resume

Gbas Gbos don resume for OANDO 😮‍💨

MTD: -21.41%

YTD: -42.42%

This isn't "about to happen" ...it's already happening.
Numbers no dey lie.

Are you sure it's not all? I've had a conversation with someone in the know there before, the statement was that nothing comes back to them. The lenders they have facilities with have agreements with Vitol and Mercuria and they lift 100% of their crude

KarlTom:
A percentage (not all)

Also there is a peg on the oil price when such facilities are arranged. The fear is whether Brent will fall below that peg...

Meanwhile NASDAQ 100 just entered full bear mode. Stocks are bleeding 🩸

The deal was facilitated by the subsidiary (OandO Trading) which was responsible for the sale of all crude and gas.
So it makes sense, especially for transparency, for the lenders to arrange an offtaker. However, I believe that a good chunk of the proceeds will return to OandO else how will they fund their operations and those humongous management expenditure...

Sunrisepebble:
Are you sure it's not all? I've had a conversation with someone in the know there before, the statement was that nothing comes back to them. The lenders they have facilities with have agreements with Vitol and Mercuria and they lift 100% of their crude

What is dragging FBNH down now

RodgersAkpafu:
What is dragging FBNH down now

Where is their results?
Could some have seen it?

RodgersAkpafu:
What is dragging FBNH down now

Guess it's because of this:
...Plan to sell 6bn shares by Otudeko's son but Ecobank seeking a restraining order...

https://www.thecable.ng/ecobank-seeks-court-order-to-stop-otudekos-son-from-selling-shares-in-fbn-holdings/

*As well as the delay in releasing results...
* Similar thing happening in ACCESS
Hopefully, both will speed up the release

yMcy56:
Guess it's because of this:
...Plan to sell 6bn shares by Otudeko's son but Ecobank seeking a restraining order...

https://www.thecable.ng/ecobank-seeks-court-order-to-stop-otudekos-son-from-selling-shares-in-fbn-holdings/

*As well as the delay in releasing results...
* Similar thing happening in ACCESS
Hopefully, both will speed up the release

Me I don drink kai kain

I'm buying the "deep" oooo

Make e no end in tears lol

megawealth01:
Depression kwa on top stocks?

Counseling is in order

Dear friends, its getting to time to jump on the oando bandwagon.......no dulling & follow the rules
https://discord zone/aMAN3adJ (replace zone with dot double g)
Refs:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8739#133954139
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8703#133826375

Oando is going down as anticipated, but some people will soon argue that their break-even point, abi BE, is below 1 naira, LOL.

PuristForest:
Dear friends, its getting to time to jump on the oando bandwagon.......no dulling & follow the rules
https://discord zone/aMAN3adJ (replace zone with dot double g)
Refs:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8739#133954139
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8703#133826375

update:
After a review, i think unfortunately, there is still more weakness in the market for this asset, standing down the trade for now...sideline for next few days...

SonofElElyonRet:
Omo better toughen up before you enter depression... You will come back stronger

Depression bawo? e no hard reach that one.

Makanjuola89:
Depression bawo? e no hard reach that one.

A dupe

PuristForest:
update:
After a review, i think unfortunately, there is still more weakness in the market for this asset, standing down the trade for now...sideline for next few days...

Better goan wait @12

Like I said here before, Trump is counting on the idea that the world needs the U.S. more than the U.S. needs the world. But this can’t go on for long—if it does, the resulting inflation that Americans will feel could be severe, potentially leading to mass protests.

There’s a reason international trade exists: it helps keep costs down. Without it, things are about to get a lot more expensive for the average American.

And by the way, if Trump’s logic is that the world has been ripping America off, then how has the U.S. been comfortably paying for its trade deficit? By printing more dollars, of course. In other words, America has been enjoying foreign goods by simply printing money. That’s wild when you think about it.

Japaul o hafa na

Be like say the 25%/75% equity/money market strategy wey I decide to do for December Kon be good decision laslas... Anyway, still waiting for an opportunity to reenter banking stocks .. me, Transpower and Japaul don turn long-term besties by force

Makanjuola89:
Oando has finished me

Your problem may be short term fund.
The downturn of Oando stock is not the evaporation of its crude oil in the ground.

Ginalex:
Be like say the 25%/75% equity/money market strategy wey I decide to do for December Kon be good decision laslas... Anyway, still waiting for an opportunity to reenter banking stocks .. me, Transpower and Japaul don turn long-term besties by force

You still dey carry this Transpower baggage

Agbalowomeri:
You still dey carry this Transpower baggage

no be baggage na . Na long-term strategy with sprinkle of "by force"😌

Agbalowomeri:
You still dey carry this Transpower baggage

me too dey carry this "baggage" oo

That goes to show the weakness in our markets
I don't think any stock is really illiquid in the NYSE

Ginalex:
Be like say the 25%/75% equity/money market strategy wey I decide to do for December Kon be good decision laslas... Anyway, still waiting for an opportunity to reenter banking stocks .. me, Transpower and Japaul don turn long-term besties by force

it appears to be a good one

Ellahlakes broke a significant resistance level today. For context, this level had held for 6 months since September 2024, next stop may be 2.7 region or less...
https://discord zone/aMAN3adJ (replace zone with dot double g) / ewnation.com
Ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/8800#134223691

Hmmm... 🤔

PuristForest:
update:
After a review, i think unfortunately, there is still more weakness in the market for this asset, standing down the trade for now...sideline for next few days...

The world must quickly come together to develop the vaccine for this virus before it eats too deep.

GeeKudi:
The world must quickly come together to develop the vaccine for this virus before it eats too deep.

It is time to Make America Groan Again and with it, the world.

Even GTCO with N7 dividend is down

PuristForest:
update:
After a review, i think unfortunately, there is still more weakness in the market for this asset, standing down the trade for now...sideline for next few days...

Hahahahaha TA says buy the dip, within 40 minutes, TA says don't buy the dip. Even TA don confuse lol