₦airaland Forum

KarlTom:
Market trades still lagging @12:30

Your broker platform

Mpeace:
Aradel moved officially since this morning

Oh ok.
Price list will show us the final closing prices.

nosa2:
These banks are still under valued oh. GTB at 120 only has a forward PE of 4.76. So the journey is still very far

Agbalowomeri:

You be winch!!!!

Check item #8 of the 46th AGM Resolutions

The Company be and is hereby authorised to raise additional capital:
1. of up to ₦500,000,000,000.00 (Five Hundred billion Naira only) or its foreign currency equivalent in the Nigerian and/or international capital markets through the issuance of up to 10,000,000,000 (Ten Billion) ordinary shares of 50 kobo each, either as a standalone issue or by the establishment of capital raising programmes, whether by way of public offerings, private placements, debt to equity conversions, rights issues and/or other transaction modes...

ii. The Board be and is hereby authorized to enter into capital restructuring agreements with key stakeholders and Lenders and convert up to US$ 300,000,000.00 (Three Hundred Million US Dollars only) out of the Company’s existing Reserves-Based Lending (RBL) debt into equity, subject to terms and conditions to be determined by the Directors...

iii. The Board be and is hereby authorized to establish a multi-instrument issuance programme in an amount up to US$1,500,000,000.00 (One Billion, Five Hundred million US Dollars only) or its Naira equivalent and to proceed with subsequent issuances of bonds, certificates, instruments and/or other securities under the Programme, at such time and on such terms and conditions to be determined by the Directors subject to obtaining all relevant regulatory approvals subject to terms and conditions to be determined by the Board...

iv. The Company be and is hereby authorised to accept surplus monies arising from any potential oversubscription from the capital raising programmes, in such proportion as may be determined by the Board, subject to obtaining the relevant regulatory approvals;...

yMcy56:
KarlTom, where have you taking this to again?
The notification is about Right Issue, price and QD......where did it states Debt to Equity conversion?
When did you also join the over-analysis that Leads to paralysis gang? 😊

Noted. Thanks

nosa2:
Don't look at prices look at valuations. Knowing when to sell is important and valuation should be your guide. I hope you noticed that I was quoting forward PE when referring to my holdings not the price.

dem don see d saudi dey show interest dem don line up...etisala na small baby my guy....u hear na baby...dem go come like free plantain wid d rice & chicken
d inside inside dem dey fear for a qataris to enter d room....
howver...d french lesbanese still dey on top....cllse benhind na d indians and d chinkos
d situation der lesemble one finest unuben bae wey wan aucition d particulas wey no one touch before....d lineup dey cause commotion my guy....sometin like dat sha

d bigeest deel d kontyry has eva seen...

una go hail d bulaba come 27

obi and hin bidiants gon hug transforma

Eight zero portfolio gain TODAY

KarlTom:
Check item #8 of the 46th AGM Resolutions

The Company be and is hereby authorised to raise additional capital:
1. of up to ₦500,000,000,000.00 (Five Hundred billion Naira only) or its foreign currency equivalent in the Nigerian and/or international capital markets through the issuance of up to 10,000,000,000 (Ten Billion) ordinary shares of 50 kobo each, either as a standalone issue or by the establishment of capital raising programmes, whether by way of public offerings, private placements, debt to equity conversions, rights issues and/or other transaction modes...

ii. The Board be and is hereby authorized to enter into capital restructuring agreements with key stakeholders and Lenders and convert up to US$ 300,000,000.00 (Three Hundred Million US Dollars only) out of the Company’s existing Reserves-Based Lending (RBL) debt into equity, subject to terms and conditions to be determined by the Directors...

iii. The Board be and is hereby authorized to establish a multi-instrument issuance programme in an amount up to US$1,500,000,000.00 (One Billion, Five Hundred million US Dollars only) or its Naira equivalent and to proceed with subsequent issuances of bonds, certificates, instruments and/or other securities under the Programme, at such time and on such terms and conditions to be determined by the Directors subject to obtaining all relevant regulatory approvals subject to terms and conditions to be determined by the Board...

iv. The Company be and is hereby authorised to accept surplus monies arising from any potential oversubscription from the capital raising programmes, in such proportion as may be determined by the Board, subject to obtaining the relevant regulatory approvals;...

Oando's total outstanding shares may even hit 30billiion and above if all the equity issue programmes are subscribed in full and the treasury shares are eventually distributed to shareholders

Sunrisepebble:
Eight zero portfolio gain TODAY

Congratulations boss

Sunrisepebble:
Eight zero portfolio gain TODAY

Our billionaire minting billions
When you are big you are large

All God’s favor and mercy

Agbalowomeri:
Our billionaire minting billions
When you are big you are large

sboga:
dem don see d saudi dey show interest dem don line up...etisala na small baby my guy....u hear na baby...dem go come like free plantain wid d rice & chicken
d inside inside dem dey fear for a qataris to enter d room....
howver...d french lesbanese still dey on top....cllse benhind na d indians and d chinkos
d situation der lesemble one finest unuben bae wey wan aucition d particulas wey no one touch before....d lineup dey cause commotion my guy....sometin like dat sha

d bigeest deel d kontyry has eva seen...

una go hail d bulaba come 27

obi and hin bidiants gon hug transforma

Na wa o

Hello my people, I parked some money in OANDO last Friday, partly a stroke of luck. Just wanted to buy something very liquid with higher chance of going up than down when I bought it. Now that I suspect it will approach or likely exceed #50. I won't pick up right issue and will probably bail out.
Any suggestion of a more aggressive stock with good prospect? I have a larger portfolio in a conservative, very slow-moving but dividend-paying accesscorp.

Except there is a general pull back, there is nothing to correct in MTN yet.

elpaso007:
Is the market going crazy?! ASI is at190K!

I thought 180k at Q1's end was exceptional but at 190K, I'm getting scared o. .

I have been waiting for a pull back for some weeks now but there's no sign of that yet.

I love the greens but I am cautious too.

As it is, how much correction will be healthy for stocks like MTN, GTB, Aradel & the likes ?

@Agba @Sunrisepebble @Pa Emma

I will trim some tomorrow sha if I can see bids at max price

GeeKudi:
Except there is a general pull back, there is nothing to correct in MTN yet.

Most of these stocks are only just reaching their intrinsic valuations. If or When they eventually pullback I doubt it would be anything significant

elpaso007:
Is the market going crazy?! ASI is at190K!

I thought 180k at Q1's end was exceptional but at 190K, I'm getting scared o. .

I have been waiting for a pull back for some weeks now but there's no sign of that yet.

I love the greens but I am cautious too.

As it is, how much correction will be healthy for stocks like MTN, GTB, Aradel & the likes ?

@Agba @Sunrisepebble @Pa Emma

Very Big Congratulations!!!

Sunrisepebble:
Eight zero portfolio gain TODAY

no get am twisted....dis is d correction
check am well...d tin is dirt cheap below 1350

GeeKudi:
Except there is a general pull back, there is nothing to correct in MTN yet.

Engrblessing:
Thank you Madam Mercy, I appreciate your detailed response

Engr, you don buy CHAMS?
Issue with this market is that we don't know which will rally first, now MTNN is rallying CHAMS time is coming.....
Reason it's difficult to give advice here 😁

Although you asked what I would have done and I gave you a candid opinion of what I would have done (which I somehow did too)

With Sboga's insight on MTNN, pls weigh the options well and take the final decision.

* I think one can actually benefit from both if he/she have solid or insider info.

When are they supposed to release their results?

Sunrisepebble:
I will trim some tomorrow sha if I can see bids at max price

Congratulations! 🎉

I join you in celebrations so that others will rejoice with me too o...

Portfolio swung up substantially today for me too!

May the bull market continue!
May we all win!
May NGX keep minting money for us all! May Nigeria succeed!

Sunrisepebble:
Eight zero portfolio gain TODAY

I’m not sure, they should have put out date for board meeting

GeeKudi:
When are they supposed to release their results?

Agbalowomeri:
Na wa o

Interpret wetin sboga talk now

KarlTom:
No sir.

However, the debt-to-equity is very necessary, and I believe it will come later this year. Possibly bonds and PP...

Thank you

Kindly explain please

nosa2:
Don't look at prices look at valuations. Knowing when to sell is important and valuation should be your guide. I hope you noticed that I was quoting forward PE when referring to my holdings not the price.

Amhappy:
Kindly explain please

I think its quite self explanatory

I believe it will keep resisting pull back until the result is out or until insiders are able to peep into it.

Sunrisepebble:
I’m not sure, they should have put out date for board meeting

Amhappy:
Kindly explain please

P.E. ration , as your source.

That should help.

dark is comin

ARADEL. +10.00%
CONOIL. ±
ETERNA. ±
OandO. +10.00%