₦airaland Forum

Please what's the likely price of Nigerian Breweries rights issue?

@Zikkychops
I hope you will be around tomorrow.
Some of us always look forward to your exclusive update on the Oando court outcome.

What's the expectation from oando court case coming up on Monday?

megawealth01:
Just for educative purposes...

https://simplywall.st/stocks/ng/banks/ngse-unitybnk/unity-bank-shares/ownership

NOTE:

I have been loading some bags of unity lately...

Please, I need Unity Bank Q1 2024. Or any hint on that please.

BullBearMkt:
...One thing I've learnt in the market over the years is not to say NEVER! None of the us, retail traders/investors do not control the market, we can only use our best judgment to forecast price movements. So, those prices mentioned are probable for the stocks to reach.

Having said that, looking at the charts, these are the prices I will forecast for the stocks to get to (bad case scenarios):

- Zenith: 27 - 28.50
- UBA: 15.60 - 18
- ACCESS: 14.50 - 16.40

OANDO breakout or fakeout?
BBM Please what does TA say?

Please how true is this?

megawealth01:
Looks like OANDO in suit clothing

If true then another court case loading except the president intervenes.
Oando

222Martins:
If you need to become a motivational speaker because of a stock, then it is not worth it. If you need to defend a stock or fight for a stock to encourage people to buy or hold, when you are clearly an outside investor, then it is not worth it unless you are paid to make such recommendations.

You only fight or defend a stock/company when you are an inside investor.

I am heavily in OANDO bus but the quote wasn't to fight or defend the stock not even to get anyone to buy. I am more like motivating myself.
Note: I am well aware of all the odds in being in OANDO bus.

DeRuggedProf:
https://www.thisdaylive.com/index.php/2024/05/06/divestment-oando-to-double-crude-output-to-50000bpd-after-eni-deal

Where is Prophet?

Oando has turned me to a motivational speaker.

NEVER GIVE UP ON SOMETHING YOU REALLY BELIEVE IN.
IT MAY BE PAINFUL TO WAIT BUT MORE PAINFUL TO REGRET.

PETERiCHY:
Sameway few years ago some bought OANDO @#300 , Cadbury @#120 , WAPCO at #115 to mention but few today the rest is history

Will OANDO ever test this price again?

Choiceguy:
Anything that makes the judge to rule against the application to join in the suit,then I will believe that Oando is delisting.

If they rule in favour then it's otherwise, right?

Choiceguy:
I beg Oando don't need those pple that have to appease the gods like loco in Peter's voice because after that 24th ruling we will no direction of Oando.

How will it make the direction clearer?

Mpeace:
Depending on the type of ruling. Some rulings do.

Right.... that's why I used the word ''NECESSARILY ''

Choiceguy:
The only thing Oando needs now to appreciate in price is the issues of delist,once it is settled (suspended) which will be cleared by 24th of June 2024.there is no further adjournment the price will skyrocket.

Court Ruling does not necessarily end a court case.

mikeapollo:
Anything can still happen in Oando, either good or bad!
We all are taking risks in the market. The higher the risks, the bigger the rewards, all things being equal (although all things are rarely equal). Lol.

The boardroom squabbles that rocked the company for many years and its battles with the SEC are majorly responsible for most of the current challenges the company is facing today.
This could even make it very difficult for Oando to get any sympathy or smooth deal if they should approach the SEC with a ridiculous offer price for the proposed delisting. The SEC could use it as opportunity to rein in and deal with Oando (all things being equal).
But generally, the company seems to be overcoming its challenges, one step after the other.
Nobody expected it to be able to acquire Conoco Philips, NAOC, settle aggrieved shareholders for USD600m, and obtain a USD800m facility from Africa EXIM Bank.
Also remember the current president is related to Oando CEO. This could bring in potential bigger deals.

As regards funding, it would not be too difficult to attract the required funds if Wale Tinubu would be willing to shed some of his control and let others buy more of the company's shares. For instance, if a person like Otedola or Elumelu should enter Oando now, everything go change overnight!

Anyhow, anyhow, those staying with Oando know what they are about, and those jumping the ship also know what they are doing. Each Mallam with his kettle!

SEC chairman has been changed recently.
I hope its not what I am thinking.
Like changing INEC chairman prior to election...

ProphetUtuocha:
To the scary and doubtful ones, you may supply us your Oando. This is a rare accumulation phase for the discerning ones. We dey gidigba!

When will the air clear?
Not easy being in OANDO at the moment.
Close watch with fingers crossed.

Mpeace:
President Bola Tinubu has appointed Emomotimi Agama as the director general of the Securities and Exchange Commission (SEC).

Ajuri Ngelale, special adviser to the president on media and publicity, disclosed this in a statement on Friday.

Agama will take over from Lamido Yuguda.

According to Ngelale, Tinubu also appointed Lairiga Katuka as SEC’s board chairman.

The spokesperson said Frana Chukwuogor was appointed as executive commissioner (legal and enforcement); Bola Ajomale, executive commissioner (operations); Samiya Usman, executive commissioner (corporate services).

Tinubu approved the appointment of Lekan Belo and Kasimu Garba Kurfi as non-executive commissioners.

Ngelale added that the president anticipates the SEC board will bring to bear their wealth of experience and competence in advancing the commission’s core mandate.

He said the responsibilities of SEC are developing and regulating a capital market that is dynamic, fair, transparent, and efficient, to bolster investor confidence and contribute immeasurably to the nation’s economic development.

Could this be in preparation for the next step OandO will take after the court ruling?
Just thinking...

BabsO2:
Make we dey watch the drama. Audited 2022 Results will soon be out with a fat loss and or negative shareholders fund followed by 2023 interim results that will suggest a turnaround (partial or full).

Calm with fingers crossed.

BabsO2:
This last seconds bull(s) may be up to something. Make we watch

You may be right because I saw a single purchase of 1m units immediately followed by another 500k units

ZikkyChops:
_*Exclusive;* Court Ruling on Oando to come up on *June 24* after hearing from all parties concerned today at FHC, Ikoyi_

@ZikkyChops thank you so much

@zikkychops

Please, We await your update as usual on OANDO

ndept:
With the possibility that the company may release the much expected 2022 AFS result

Since the AFS has been approved by the Board and sent to FRC, are we sure some people have not seen it?

ProphetUtuocha:
I agree completely that the folks running O na O are a bunch of phoney characters, lacking in principle and discipline, and clearly driven by multi-faceted greed. In saner societies, they would have been held to account for their illicit actions. Unfortunately, this is Nigeria!

It seems you have given up on Oando

BabsO2:
The 2022 Accounts are scheduled to be approved by the Board of Oando PLC on or before the 15th of April 2024 and will thereafter be sent to the Financial Reporting Council of Nigeria for regulatory approval prior to its release to the market. The interim results for 2023 will also be released to the market soon after the 2022 Accounts are published.
https://doclib.ngxgroup.com/Financial_NewsDocs/40697_OANDO_PLC-OANDO_PLC_-PRESS_RELEASE_CORPORATE_ACTIONS_MARCH_2024.pdf

Kudos to JSE on this.
With this OANDO will think twice about the delisting proposition.
I am glad OANDO isn't listed only on NGX.
Fingers crossed.

BabsO2:
So three more weeks to go. Let's see if it will make a new pre-court outcome high. And breakaway thereafter Or come back to a new higher low. Made dem do quick release 2022 & 2023 financial statements.

I doubt if they will until the dust settles.
They need something to spike the speedy movement of the price after the delisting saga is settled.
My opinion

https://newsdirect.ng/breaking-tinubu-holds-crucial-meeting-with-dangote-elumelu-others/?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews

Dangote, Rabiu, Tony Elumelu, Wale Tnubu, etc

Mpeace:
We don't know the position of thebpersons seeking to join the suit on delistment of Oando. They may or may not be against the delistment.

The more reasons more petitioners should join the court case to ensure no delisting.

ProphetUtuocha:
I am confident and bullish on Oando. 400% on Jan 1 price is assured

People with above 1m units of Oando shares should form a group and also join the petitioners against Oando delisting.

Just thinking aloud.

This kind of aggressive mopping in Oando. Are some people trying to join the league of petitioners? lol
Or is it just the news of PH refinery?

ProphetUtuocha:
The ground for the postponement of the Oando court case was positive for shareholders. It technically marks the dead-on-arrival of the delisting proposition. Om Oando, we stand!

The fact that Venus construction and 14 others are representing all minority shareholders has been rendered null and void since some different minority shareholders has joined as petitioners irrespective. (Not comfortable enough to have Venus construction representing them)
What could be the implication of this?
Lawyers here should help us.

Locotrader:
If #16,many will like to japa today.
The way the oando is trading now is telling me some are bailing out

Maybe you should bail out too

hisexcellency34:
Positive news for Oando minority shareholders

I was also expecting feedback from you @hisexcellency34.
Please give us details abeg