₦airaland Forum

I don't think observing and pointing out governance lapses of a company amounts to discouraging others from buying its stock. People decide to buy stocks for different reasons, including governance issues. Infact, it is when you are a stockholder, genuinely interested in progress of the company, that you worry and point out problems that need fixing. I would like to believe that it is the constant criticisms by both stockholders and regulators that brought about the New Oando that @Bagwa pointed out.

yMcy56:
Thanks.
Some people don't want to see anything good in this company no matter how much efforts being put in place to turn things around for good.

Funny enough, most of those posting negative comments about OANDO are well seated in the bus, but discouraging uninformed investors/others about the good potentials of this stock.

That was how many were prevented from enjoying the rally all the way from N8 to N70/N98 the first time......a Sprint which saw O&O as the 2nd best performing stock in 2024 on NGX.

Issokay o.
Like previously advised, anyone with spare money should try and have some in his/her portfolio for medium to long term.......

Do your DD, if you like, let those that once enjoyed the windfall and are again loaded and well seated in the bus continue to discourage you.
If you're for MMM, na you Sabi.
Invest based on the future potentials of this company.

Enough said.....in OGG's voice. 😁

https://dailytrust.com/we-have-over-1bn-barrels-of-oil-reserves-oando-group-ceo/

** JAPAUL, OANDO......two out of the badmouthed stocks to keep on your radar/have in your portfolio.

How about announcing a close period 27 days after they claimed to have started it? Looks like someone reminded them of the statutory deadline of 31st January for the release of the UFS and they are scrambling to meet it. This may also explain the caveat on the BM date since the rush may not allow them to meet the date.

unite4real:
The third line as cut out below sounds like they are not sure of the meeting holding.
Why are they having such a clause.

that a meeting of the Board of Directors of Oando Plc ("the Company" is
scheduled to take place on January 30, 2025, or on such earlier or adjourned date as
may be determined

Access and Oando have similar effect on some people

megawealth01:
I understand your parable. I prefer that ACCESS BANK any day any time

TRANSPOWER!!!

Charging up

I wish Mcy will throw in her analysis and recommendations before market opens.

Ginalex:
Spot on. Any small rally today before people digest this results, na to exit

Why not give us your interpretation of the results first before expressing this hopeful forecast.

essentialone1:
Japaul may hit N2.36 tomorrow morning.

Many people are emotionally biased towards Access. Do your own analysis.

Sunrisepebble:
Honestly thinking of selling all my access and rotating the money into my UGZ. But every analyst report I read the PT is N40

Of course. Probably even his friend Alhaji could chip in.

Btw. What happened to the publicized arraignment of those FBN people?

sky2891:
There was also 10m units on 31-12-2024, which makes it about N10b additional to the N5b.
Still a scratch but not to say that whoever is selling is banking on this alone to raise funds.
Little from here and there including existing funds from his/her billionaire pocket, other business proceeds and even taking loans if need be.

Well, every kobo counts of course. But 5m units of Geregu is just about N5b. The private placement in FBN is N350b. Hardly a scratch.

KarlTom:
Possibly.
Exactly 5million units sold...

They even try this time. They are not pushing the price up by single 100k transaction.

KarlTom:
What's cooking in GEREGU

These deals in 99k tranches are not on queue.
Could it be a cross deal that is split to avoid price movement?

There was an American tragi-comedy series called "Trump Presidency" season 1, which happily ended 4 years ago. Unfortunately the Americans thought the world needed a season 2.

mikeapollo:

Trump just dey scatter everywhere.
We dey

Or. Suppose you want to distribute the cash equivalent of shares, would you want the price of those shares to rise?

mikeapollo:
Yes, of course, an international oil bloc should be a big news. Unless the volumes of oil and gas that would be coming from the Angola bloc are insignificant.
I suspect some people may want to keep the news lying low in order for them to mop up more of Oando shares.

emmanuelewumi:
Who no like money.

After we don spend for Detty December, we can't turn down money for image laundering. Shebi na to just recycle old news and get paid for it

Seriously? They are still putting +ve spin on the Q3 results. I am surprised Nairametrics is playing along.

Sunrisepebble:
More PR from Wale and Co. Seems we have entered one chance

https://nairametrics.com/2025/01/20/oando-shares-spike-over-14-following-strong-earnings-report/

I don't think share cancelation works very well in the Nigerian mentality because people can't see clear and immediate benefits to their pockets.

Harvestock01:
Oando going ahead to cancel the entire shares that was pledge for the loan would have been a more straightforward solution rather than all the needless controversy that have been generated.

Obtaining shareholders approval at an AGM or EGM and thereafter obtaining SEC approval before going ahead to actually cancel the shares. This will have a more positive impact on the shareholders as the share price will firm up and the financial ratios will also improve.

Anyway, let's enjoy the show by the evil genius.

Add the amount of wrangling, distraction and cost that the cash option will entail. But if they can pay it will give them even more control of the company.

mikeapollo:
The problem may be from some ignorant shareholders who made the request at the last Oando AGM. Whether they were influenced by Wale or not, I cannot say.
But I don't think Oando would go for cash distribution. Because that option would imply $325m at N1500 (minimum), to be spread over 4.3billion shares, which would place a value of at least N110 per share on each share (if I am not mistaken)

So will the qualification date remain the AGM date?

Bagwa:
Oando may pay cash equivalent to share to disturbe 😁

Sounds like a country well suited for Nigerian businessmen.

KarlTom:
Without being sentimental, I disagree with your perspective.

From the article, it's stated that the qualifications for operator status are financial&technical capacity.

As shareholders of OandO, we have no idea of the true state of the organization's financial standing.

So there is a high possibility that the presidential phones in Aso Villa and Palácio da Cidade Alta had a recent deal-clinching connection

For context, read this article:
https://thenationonlineng.net/how-joao-lourenco-makes-angola-dependent-on-west-through-questionable-schemes/

You never know. Having that name will help anywhere at this time.

mikeapollo:
Thanks for this news.

Hopefully and thankfully , the clueless Tinubu is not the president of Angola, otherwise we for no hear word because of noise of favouritism!

ProphetUtuocha must be respected when it comes to tips about Oando!

This maybe the reason behind Oando's price jump on Friday.

Sunrisepebble:
Some Oando News
“Oando wins Angola bid round for Kwanza Basin Block”

https://africaoilgasreport.com/2025/01/farm-in-farm-out/oando-wins-the-angolan-bid-round-for-kwanza-basin-block-kon-13/

You said you are buying to HOLD. I assume you bought those 80% of bank shares to hold long term. You must have some objectives for doing that. The banks' recapitalization will not change the long term situation of the banks. So why sell?

saintjimos:
Thank you, currently 80% of my shares are banks
So your advice is that I should sell them off?

Thanks for sharing this very useful video

oluzingh:
A gift to the house: School of Money.


https://www.youtube.com/watch?v=CuxLaAv5snk?feature=shared

I believe if there is something real concrete coming, Oga Bagwa would have given a hint too. But as they say, no matter how long, what is in the belly of a pregnant woman will come out. There is clearly a renewed momentum. So, if you are a momentum player you should probably jump in.

Sunrisepebble:
It is well

Looks like the small lion has met with a bigger lion.

Sunrisepebble:
Femi Ote$ is not playing games.

“ Alleged N12.3bn Fraud: EFFC To Arraign Oba Otudeko, Onasanya, Two others”

https://www.channelstv.com/2025/01/16/alleged-n12-3bn-fraud-effc-to-arraign-oba-otudeko-onasanya-two-others/amp/

Or rather, First Bank IS smiling.

Looks like the days of tycoons taking bank money and eating it are gone.

Harvestock01:
First Bank is not smiling 😐

https://thesun.ng/court-grants-first-banks-request-to-arrest-detain-hydrocarbons-crude-oil-cargo/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%23105792+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=89158be4751af806c5a25ec75488ef07758b1990&amp

Alhaji showing the oil cabal who is the real businessman

https://tribuneonlineng.com/oil-marketers-turn-to-dangote-refinery-as-petrol-depot-price-increases/amp/

I won't trust anything that Thisday and Arise put out on this issue.

Sunrisepebble:
https://www.thisdaylive.com/index.php/2025/01/15/ghl-how-fbns-recklessness-almost-killed-93-on-oil-rig/

Its as if Otedola is going to seize this Oil well

Lol. You already said "pim". So why not go ahead and say the rest of what you saw?

megawealth01:
Smart Wale. I saw today's game but I won't say pim

Just hang in there. It's time will come.

Ginalex:
Very much there o ... Elums don turn me to long term investor against my wish

Thought of you when I saw the Transpower drop. You still in there?

Ginalex:
Power down by 10%. Abeg when them go remember say them lock us inside throwey key🥹🌝