₦airaland Forum

emmanuelewumi:
They don't have the same outstanding shares and profitability

You are absolutely right.
My thinking is that if OANDO is doing a bit well, their share price should not be so abysmally low for an Upstream Oil and Gas Company.
It is like being a Physics student in an Ivy league University but being unable to plot a linear graph! What is the student doing there??

If it were to be some other countries, the management would have been sacked for gross incompetence.

yMcy56:
One can never know what's going on in the mind of those Ogas most times, until they say it out.
I think the RI delay has to do with the distribution of shares.....
There could be a clause in the NGX Rules that's holding the whole process down..

* Although the update so far was that the application has been re-submitted to SEC and we're awaiting the approval....
* I somehow saw somewhere that it has been approved but I think it hasn't.

* The worst part is the silence on the part of the CEO, if he has been speaking or carrying investors along, the price won't be nosediving like this.

* Possibly they wanted to pack it much cheaper.
* AGM is 17th Sept, hopefully there'll be update before then.

Good response.
It is interesting to note that at 33.10 naira, oando is trading at 0.26% of seplat which is already trading at 12,320.00 naira and at full bid as at today August 28 2026.

yMcy56:
I hope he does what's right for the shareholders this time around.....
OANDO shouldnt be trading below 250 at least....if everything has been normal.

Any insight into why all the delays in everything wale tinubu proposes as solutions?

thebargainhunte:
I think OANDO would have been above N200 by now if not because of the RI he cleverly used to cap the price. He might offer peanut to buy out minority shareholders in future. This is not fact, but my opinion.

What will satisfy that family?
This is terrible.
Has he forgotten the nature of his business? He want to harvest laughter and joy while the shareholders whose money are in it are harvesting sadness?? He had better think it well...

OANDO

This company is somehow.
This administration led by Wale seems to be operating from Wale's whatsapp instruction. Is this how to operate a public liability company?
Now, their AGM is going to be online.
SHAME!

Agbalowomeri:
This writer thinks it's the first time certain volume threshold is needed to change prices. Olodo journalists everywhere

Under this new rule, is the 10% daily limit still applicable?

Do we need 100k shares bulk transaction to move a stock like firstholdco by just 1 kobo?

Did the writer understand what he wrote on?

Raider76:
Thanks. I thought the ticks remain unchanged. It may not really matter under competitive bidding conditions.

This will be worse. It will be double whamy of illiquidity.
How can anyone require more than 200 millions in trades to move a Stock currently at 20 naira before it can get to 21 naira?
Policy summersault

ROandoo

That guy there is a kriminnal.
You will all see that in as much as the iran war is going on and crude price is hitting the roof , he will not release the result. Even if it takes 1 year. He will not release the 1st quarter result. He will wait for a small window of crude price correction....and voila..."son of a gun" will release it and behold.... no profit as usual. Admin charges would have taken everything as before.

He and his evil uncle are swallowing shareholders returns.

The thinking that some people have exclusive call on stocks on this forum is dangerous for those who outsource their analyses.
No one was more against OANDO on this forum more than a particular elder on this forum. Any gains on the stock's share is always a trigger for viperous outbursts everytime. I even thought that he must have lost a great deal trading the stock. However, by his own admission, he never owns a single unit of the stock!!!!

What then was his grievance about?

Perhaps there is a new phenomenon that we can refer to as 'Anger of Missing Out' (AMO). The 'experts' think that if they did not see a new high potential stock in the horizon, then it should not appear. It should die before it grows.

No stocks suffer this bitter venom spitting more than Ellah, Oando and Zichis... in the hands of this 'elder stockman'.

On OANDO.
Imagine Otedola being the CEO of OANDO.
By now, it will be trading at 4500 naira .

Man pass man.

The recent NTB of Wednesday refers.
Neither my interest (upfront) or return of capital has been done.
What is going on. Anyone else in this situation?

OANDO getting lucky day by day!

megawealth01:
INEC Fixes January 16, 2027 For Presidential Election

OANDO PLC countdown has been activated by ME

Please explain

The interesting thing about any stock, including the OANDI is that as you are fearfully selling due to 'oanido don cast' music; someone else is buying greedily... or strategically!!!

yMcy56:
Compliment.
So you still dey here. 😊

😆 🤣 😂

Compliments

yMcy56:
I'm not sure if it's Anchoria but I know it's one of the named brokers for the RI of OANDO.

If Anchoria is the MM, then it's a matter of time for those that can be patient.
The kind thing Dem go take OANDO do, hhmmm.
Guess they're mopping the volume in free float first, then hoarding may start at some point, lol it's just my opinion o.

I learnt they won't start releasing ZICHIS until it gets to circa 15.....
Maybe we can start to see it on the floor this week.

Anchoria or not, Oando will soon get to where 10% of Aradel will not be bigger than oando.

megawealth01:
Wale should have mercy on me. He should help me move OANDO to #189
I dey target FORBES

Possible.

emmanuelewumi:
You will pay if the value of your transaction is N150 mill and above or your profit is over N10 million

Only if you did not reinvest the said revenue in another stock.

They need to also provide clarity of filing process....

On the Capital Gain Tax, CGT, below are my thoghts:

1. Government will not be able to execute it yet because of the thorny issues that borders on the actual value of the shares. How will you tax a supposed 'gain' on a share bought at 30 naira when dollars was 1 usd to 180 naira and sold at 70 naira when 1 USD is 1500 naira. Is that a gain or a loss?

2. Even if government successfully tax the investors, the foreign investors especially will just sell off and leave the market. This will lead to market crash and erosion of confidence in the future. No one wants to near such monkey business.

3. It will be difficult in the future for companies to raise capital via the stock market as the government is bent on eroding the capital base of the investors.

4. The CGT shows lack of in-depth thinking on the part of our policy makers and law makers.

5. The actual percentage of the tax is not known yet. This shows that the government is just testing the waters.

6. The tax law is punishing the bigger investors. This is against normal practice all over the world. Government is supposed to protect the bigger investors.

I think if the government goes ahead and execute the law, they will be embarking on a journey of degrading the Nigeria stock market.

SpaceX:
So, I was just wondering since this thread have been on for years for over 15 years we have never met with each other at any time. Covid gave us data on why physical interaction is superior to an online presence.

Physical interactions with other people can reduce stress, anxiety, and depression, and can help to boost self-confidence and self-esteem. Being part of a group or team can provide a sense of security and connection, and can be beneficial for problem-solving and collaboration.

I have a solution which I know will be the best for everyone, I'm setting up a meet and greet at a luxury location where we will shake hand and get to know each other for real. An entry fee of 500k per head count will be made to organize the event, the organizers have promise to make its a special event. I trust them 100%.

What do you think about this great idea?

Drop your account number and name here. Let's take it up from there.

jckgroup1:
Chief permit me to share my observations...

The number of units to be distributed in Tranche 1 is the same number of units to be distributed in Tranche 2, so if 1unit for 12units held applies to Tranche 1 then it also should apply for Tranche 2.

From your calculated estimation, if 300k units gets 25k units which amounts to #1.875m at #75/unit. Thus 1,875,000 (assumed dividend) ÷ 300,000 (share units held) = #6.25 per share unit and not #3 per share.

Please consider the following calculation:

The remaining outstanding shares currently is 8, 152,370,477
Currently to be shared in tranche 1 is 641,856,301
This correspond to 1 in 12.7 of current outstanding shares.
After the Tranche 1, the OS becomes 8,794,226,778 .
Tranche 2 number of shares to share is still 641,856,301
However, this has become 1 in 13.7
However, if you didn't sell any of the shares after Trache 1....the numbers of shares that you woulld get should be same as what you got in Tranche 1

But since the company has chosen to use 1 new share for every 12 shares instead of 12.7 shares...the ratio they will use in the Tranche 2 might be different as well.

After the Tranche 2 and given that you did not sell or buy any, then your OANDO shares must have increased by 15.7% of what you started with.

Sunrisepebble:
Are we looking at the same results?
The profit has declined from 9M 2023 versus 9M 2024

continue on the following page o

Agbalowomeri:
Let's say Oando has 10B shares

Do a 100B PP offer (or collect a convertible loan Lol)

That leaves shellholders with < 10% of the company.

What will be Wale's own holding in such arrangement? Less than 5%?

My Aradel is negative 29% .
In House experts on Aradel, please come o. I want to know what is happening here!

Sunrisepebble:
A source I’ve spoken to who’s a senior insider in Aradel since inception has told me it’s 95% going to happen, they just need to grease a few palms.

This speaks volumes....

megawealth01:
CBN Says Currency In Circulation Now ₦4.1 Trillion With Only 6% In Banks

https://saharareporters.com/2024/10/02/nigerian-central-bank-says-currency-circulation-now-n41trillion-only-6-banks

₦4.1 Trillion naira cash circulating among 200 million people is not much. That is about 20 thousand naira only per person on the average.
Do they know how much dollars in cash is circulating in Nigeria?

CBN need strategic thinkers!!

Seunn11:
Good evening my people.

The week was a good one, stock wise. I do hope you all traded appropriately.

While it would be intellectually relieving to assume that we all have common interests, may I unapologetically state that not all posts here are worth your time. Some post are mischievous, phishing and deliberately misleading. Some are crafted to ride on the sentiment of the momemt with underlying intent to deceive. Also, some are righteously informative.

Please, always do your due diligence. You can not be too careful in this matter.

May you all have a great evening and happy weekend.

Post from years ago

O&O has achieved what no other indigenous oil and gas company has achieved.

Let's call it Uche, Segun, David, Babangida, Abidoshaker, Emmanuel, Mercy, Seun, etc.

More grace.

On this matter of O&O

Financial Statement will be out and show what's up.

It is clear that the crystal ball did not reveal the turnaround on time to our in house experts. Nothing to worry about.
The asset of that O&O just acquired is jointly owned with federal government.

No issues with loans. Even IOCs use loans for both capital expenditures and operating expenditures.

There is something called gearing ratio. It is a measure of the effectiveness of loans utilized

emmanuelewumi:
One of the 4 stocks I have on NASD.


Others are Afriland Properties, CSCS and Friesland Wamco

Nice one.
I need to start trading on NASD.
Can you please provide guidance?

O&O

The hullabaloo about this one company on the forum is becoming too deafening.
Imagine people who by their own account have either sold or they never had the shares of the said company always coming to warn others everyday to dump the shares and invest in their own stocks....

Is that not an advanced form of monkey-hunting?

If you are comfortable with NEStler, please stay with it. If yours is Lake Elijah, do same.

If you are still in O&O but want to exit...do so. No one here is stopping you.
After you are done selling, do not insult those who bought from you. Remember that as some are selling, others are buying.