₦airaland Forum

emmanuelewumi:
There is a difference between those who made money from business and those who made money from politics.

Those who made money from business and investment are doing a better work passing the knowledge and values compared to the other group.

My opinion though

The worst case is civil servants. They can't take their children to work and teach them anything. They can only send them to school and only God knows how they will turn out. They see money with you and they don't know what you did to get it so they think they don't have to do anything in life.

emmanuelewumi:
Hope you also heard of Afroil Oil. A company in the petroleum marketing sector. Other stocks in the sector like Oando, Mobil, African Petroleum, MRS etc were over N100.

Afroil was the only one selling for 50k, the stock later moved to over N8.00. Even though it could pay it's rent for about 3 years and no dividend for almost 10 years


Insiders were surprised by the renewed interest in their company by the investing community and that gave them the opportunity to sell their shares which used to be highly illiquid

Actually when I heard (need to verify this) that Japaulgold is yet to mine any gold the saga of Afroil came to mind.

brotherly:
Atiku has not affected anything here . No be everything be politics .

Nnpc withdrew their case 2 months ago .

Based on how their Jvs are structured NNPC went to court claiming they have the right of first refusal which they were not given an opportunity to exercise.

I am referring to the fact that it was Atiku's comments that forced them to quickly come out and explain themselves to the public. That's what opposition is supposed to achieve.

megawealth01:
You go gree buy if there's pullback?

You think he shouldn't buy on a pull back? Last time it pulled back it came right back up.

Sunrisepebble:
https://x.com/aonanuga1956/status/1828058461323608484 Those in Seplat, MPNU acquisition should be completed by mid November

Thanks to Atiku. Opposition in Nigeria seems to be working.

Willie2015:
Check their quarterly report..

Thanks

Locotrader:
I don come again.
Point & kill

There is one stock which 3 persons here has hinted on but has not gbe body.

This stock has 64% presence in Nigeria
25% presence in UAE
11% presence in Ghana.

The stock is currently trading at 3.00
About 1.3B OS and 24% free float.

My oga cp used to hint on the stock in those days before it embarked on reconstruction.

The stock is back on its feet with a strong balance sheet.They recommended 5kobo dividend recently.

If you decode.......the time is now.Enjoy

CI Leasing website doesn't show presence in UAE

9free:
Cutlass well sharpened and waiting at N4.00.

I can only see one scenario that will drop it to N4.0, and that is if it is announced that Ote is fed up and is pulling out.

FBN wahala....

Kwibaba:
Good morning, is it possible to see bids and offers between 9:30 and 10.00am on Morgan capital's itrade?

Never seen it. But you can put in buy and sell orders

KarlTom:
H. E. Alhaji AA is actually challenging the takeover of NNPC Retail by OVH Marketing.

There will always be bad press until things stabilize financially with OandO. That's why every news about OandO is a 'bull news""'

OandO-NAOC deal looks fair (bar the funding)...

This controversy can never go away. Do you know that the "O" in OVH stands for Oando, and that there is a statement on OVH's logo which says "an Oando licensee"? If Oando has divested completely from OVH why has the name not changed?

I believe for the next 3 to 7 years Oando and the Tinubu government will be like Siamese twins fused at the head. Whatever happens to Oando will be seen as a favor from the government.

Let's hope they will allow Oando to close above 50 tomorrow despite likely profit taking at that psychological target price.

UCAP on the move

Agbalowomeri:
This one dey acquire ololo😂

Lol. Where ololo sef?

Willie2015:
Waiting for allotment too...
Nice one from UCAP....

Welcome to the club.

megawealth01:
CHAI see enjoyment for una ooooo

Congratulations

Thanks ooo. Just waiting for allotment. This na my school fees for October.

Raider76:
UCAP up up up

Now on full bid @20.05

UCAP up up up

Let me be the first Oando bite to do this today

ositadima1:
Point of clarification : Riding the Oando bus does not automatically make you an Oandobite. Oandobites are those who incessantly chatter about it out of fear. They invest too much emotionally, causing themselves great pain at any dip. If you approach riding sensibly, you clearly don't fall into this category.

Correction noted.

ositadima1:
All this Oandobites, una no go kill person ooo.

How are we sure those non-Oandobites, or NOANDOBITES, are not actually in Oando?

Bizibi:
I meant when the president replaces mele kyari and co.....they know what they are doing.

Don't see that happening.

Bizibi:
NNPCL,NNPCL I greet una!!!! Things will get clearer when mele kyari and co won't be in the picture.

Omo it is only when this gov is done. Then they will be parading them like they paraded Emefile.

emmanuelewumi:
Get a lawyer with experience in Business law to explain this to you

These are legal statements that normally accompany these kinds of company announcements. It is almost a cut paste. The statements are design to cover as much as possible all loopholes for future litigation against the company.

Testimonies777:
We are excited about the growth opportunities this presents for Oando PLC, our shareholders, and the Nigerian energy sector

I want to believe the bolded is an amazing news to all of us . I expect a jolly ride o.

I am sorry but I can't find your bolded statement anywhere in the text. No mention of SHAREHOLDERS but only STAKEHOLDERS seen.

Princkez:
TRANSCORP..#11.60

Where Madam Myc?

emmanuelewumi:
Very easy on paper. Thst is why no fund manager can consistently be the fund manager of the for 3 consecutive years


Something must Sha happen

Let them try. This is what Excel spreadsheet does to people. You put a formula, copy down a series of numbers, and bam a #1m turns into #128m in few number of years on paper.

Agbalowomeri:
This is not where you want to start as a newbie.

Agreed

aj8:
Nope sir, not same stock all the way to 128 sir., rollover stock to stock. Cash out at each bus stop and eye the next entry. The only challenge I have had in the past with this is that once it’s over 50mil, you may need to split into a couple with equal potential. Will always cash out sir. Same principle you have taught here over the years just with some adjustments…..instead of waiting years, I just hit and move to another stock…..honestly sometimes you could cover 3 moves in a year.

Sounds similar to the semi scalping technique I am using. Difficulty is to stay disciplined and avoid getting trapped. Still liquidity is a huge constraint.

emmanuelewumi:
100% return on a consistent basis for 8 year?

You go wound, not when the portfolio gets to N5 million and above, then the liquidity of the stock bought

You are right. The bigger the capital gets the harder to double. You also forgot market and economic cycles.

leparj:
Just reviewed an sms from Meristem
inviting me to FBNH AGM holding on
3rd Sept.
Like FBNH dividend will be slightly
delayed.
Was expecting it this Friday(24th Aug).

Will the court allow it this time?

Ginalex:
CBN should be fast with their protocols so that banks' results can start dropping abeg... This market needs a little ginger

I think SEC and NGX need to meet with the CBN on the timing of CBN's approval of banks' results. The delays are making nonsense of market regulations. The banks need the market to raise capital. CBN should know this and help banks meet market regulations.