₦airaland Forum

ProphetUtuocha:
Watch out for Oando's annual results which will be released soon. The rush will soon begin

Abeg make we hear word .

currentprice:
the last talk from bedsheet which i share here was hold your stock/portfolio very well, it not yet time to sell anything yet until like February/1st Q 2024.

i invest in what i posted here and i am too heavy on DS and uba reason am in my hole watching.

Thanks and well done. You are appreciated

currentprice:
Ekuu Mkt o

Bros drop nugget for us na abi snake and monkey don swalloww bedsheet?

mikeapollo:
Lol.
I was informed that he seems to know a few things about Oando, and was doing the same thing when Conoco Phillips was to be acquired by Oando.

I know him as far back as then. He has always been fake right from SMN days and has changed his name a couple of times, but that does not remove his unroyal fakeness. How did the Conocco Phillip saga play out? A lot of those he made false prophesy for ended their investment career and don't want to hear anything about NGX again and others were sent to their early graves

mikeapollo:
You this ''Prophet''!
Your veins dey strong for this Oando matter too much! Yet you don't want to reveal what you know!
You are one of the few people on this forum that give people some confidence on Oando.
You may be making a lot of good friends (unknowingly) if your ''prophecies'' on Oando come to pass.
But if otherwise, you know what happens.......!

Don't take him seriously. He is a charlatan. A proper definition of a fake prophet abounds abundantly in Nigeria. Don't be conned. Only chats shit when the stock price is going up and hibernates when it plummets. He cannot give a single reason for his prophecies except banking on hope. Hope is not a strategy.

Omooloriredade:
RR23ELLAH = Rights Issue 2023 Ellah Lakes

As simple as that. right issues are being traded. For the quantity traded, you have to pay the rights price to redeem it. one way majority shareholders mop up the shares of a company.Not an. introductory offer or OTC. You don't trade OTC in NGX but in NASD .

megawealth01:
Oando and gamble eh... Like play like play let them enter 100 naira

Aradel formerly NDEP (Niger Delta exploration company ) now 715 on NASD, Seplat over 2k , Oando which has transitioned to an upstream production company must shit or vomit . The 2022 Annual result is very key . No way shareholders are accepting anything less than 100 .

debeey87:
Bought @180 but have sold all

IPO was around 587

megawealth01:
Is Unilever exiting Nigeria?

They are a likely candidate. Any rumour? the payout will be mad with their money in the bank

Coolcash1:
It is abysmal compared to its share price. Very disappointing! Though I am not bothered because I am not a dividend person but cap appreciation.

Ire o.

for that stock to appreciate, they have to split it . A talakawa cannot think of buying seplat

Mpeace:
Thats interim dividend per share of 29.90 in Naira. Thats not too bad considering the fact that we get it 4times a year, and also a special dividend yearly.

You go explain tire no evidence

Pa Ewumi , I don talk my own finish. Na poor men dey count big men money .

emmanuelewumi:
Should be able to conviniently raise N1 billion to harness emerging opportunities

essentialone:
This ongoing war between Aliko Dangote and BUA is not good at all.

If it makes money for us, why should we care ? you think those people know if you exist?

You see how firms with a lot of foreign presence as shareholders is very different if the board and majority shareholders are Nigerians. We have a way of treating ourselves without respect . Oando is there waiting to delist at N7.00 YET even without any persuasion or uproar has come out with a fairly reasonable exit price . There is a reason why some of us look at major shareholders of the company before we invest . I agree that some Major Nigerian shareholder have done well with their business but hardly let anything get to retail investors without much hullabaloo and bulaba . When you are forced to take action because of a forced takeover shouldn't be the norm . I hope Oando learns from this but If i know my people, we never learn, we just move on

Hedgefunds:
https://doclib.ngxgroup.com/Financial_NewsDocs/39845_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-COMPANY_ANNOUNCEMENT_CORPORATE_ACTIONS_NOVEMBER_2023.pdf


EXIT AT 17.42

Sitting allowance money .

emmanuelewumi:
Do you know what it means to be the CEO of one of the biggest banks in Nigeria. Money spent should be about N500 million, I don't think that is too much based on his status.

Bros stop counting other people's money . na poor man mentality be that

Ades1:
Right!! Where them see this kind money?? No one can understand this country!

when they tell you to hussle, you think say na play . if you no hussle, las las you go begin ask "how's the family ?

debeey87:
There are levels to these things

Deadlytruth:
As far as I am concerned, these three stocks you mentioned are only to be owned by those who want to play very safe about their capital in addition to having some assurance of annual dividends. Outside these considerations, I find it difficult to see any other reason for anyone buying them except maybe for ostentation.

They could do themselves some good by giving like 7 for 1 so that everyone can buy . it will get to that price before you know it . If Google, Apple and Microsft didn't do split, a lot of people will not be able to buy . Berkshire Hathaway Inc Class A NYSE: BRK.A is going for 510,125.00 USD per share

mikeapollo:
[b]NGX RULES ON DE-LISTING OF SHARES, AND HOW IT AFFECTS OANDO[/b]

As per Oando and its de-listing, I did a few checks to find out the NSE/NGX rules and procedures that guide the de-listing of equity securities.
The rules may help investors appreciate the situation better, and possibly inform further investment decisions.

Some of the main points are as follow:

1. the Board of Directors (BOD) of the company (Oando) would pass a resolution to delist
2.. the company (Oando) would notify the NSE/NGX of the Board's recommendation to delist
3. the company (Oando) would apply to the court for necessary legal requirements for delisting its shares
4. the company would organize a Court-ordered Meeting of shareholders (AGM/EGM) to approve or reject the Scheme,
5. the company shall invite the NSE/NGX to the Court-ordered Meeting by a notice not later than 21 days before the meeting.
6. notice of the Court-ordered AGM/EGM shall be published in at least 2 national dailies.
7. the Quotations Committee of NGX shall consider the company's application to ensure the interest of minority shareholders are sufficiently protected
8. the share price at which the dissenting shareholders interest shall be bought shall not be less than the highest price at which the company's shares traded over the six (6) months immediately preceding the date on which the notice of the AGM/EGM at which the resolution to de-list the company was issued ( THIS IS THE REAL ISSUE THAT NEEDS TO BE TACKLED PROPERLY BY THE NGX and SHAREHOLDERS)
9. A company that delisted its shares cannot re-list until after 3 years.

Please Note:
Oando management have only complied with items Nos.1 to 3.
Items Nos.4 to 8 are yet to be achieved.

If the rule per Item No.8 (share price) is strictly adhered to, then Oando would have to pay every minority shareholder the highest price in the preceding 6 months before the AGM/EGM (which has not yet held).

As per the NGX rule, the 6 month period is counted prior to the exact date of the AGM/EGM. If the AGM/EGM has not held, then there is no valid 6 months to count. So Oando is being mischievous and tricky by trying to make reference to some 6 months and fixing a price of N7.07!

Hence, the higher the share price goes on the NGX, the higher the potential exit or buyout price that minority shareholders could get as per NGX rules. This is where the NGX and minority shareholders need to exert their powers. It also serves as an opportunity for speculators to see how they could still buy and make profit.

The highest price of Oando was N16 in September

This is just my personal observation and does not translate to investment advice.

Maybe it's time to join in retweeting this to the appropriate authorities and this might force them to do the right thing . You lose nothing retweeting this

https://x.com/bivins1/status/1712183441280672231?s=20

Mpeace:
Do not underestimate the calibre of people in this forum.
The guy might just be Wale himself or someone close.
Just like I dey suspect Mcy to be either Elumelu wife or Dangote pikin. Lol

Mcy be Elumelu wife or Dangote Daughter and she go dey here with you for nairaland . Be like say you dey underate those guys relations .

customstreet:
Do u want to believe this?

NGX Plc is part owner of NASD.

NASD used NGX software to trade on NASD in the past. THEY stopped and changed to new home made software when it was obvious that NGX does not want the growth of that market.

The market cannot be liquid because of so many factors which is not for discussion on this forum

Interesting . I remember I use to be able to view NASD trades on NGX platform and something changed . If I were the NASD Chairman, I will be doing everything possible to breakaway from the NGX which has been a collosal failure under Oscar Onyema . I once had a discussion with the former MD , Bola and he had great ideas but no one ever worked . With the spate of delisting taking place in the NGX, you would expect they will migrate to NASD and considering that listing requirements are less stringent, they should be taking a lot of companies from the NGX.
Some stock like ARADEL formerly NDEP , aAfriland, CSCS, FANMILK, MIXREAL ,VFDGROUP, WAMCO ,AIRLIQUID ,Nigeria Mortgage Refinance Company Plc and Purple Real Estate Income PLC deserve better visibility

Any stock that requires you buying from NASD is broker assisted and that market is not very liquid . D o not think Duffil has traded one day on that platform . They need to sit up. That exchange ordinarily should be giving the NGX a run for its money but I really do not know what those guys are doing . No visibility, no campaigns , no nothing.

customstreet:
The guy is correct my brother
There are some stocks that is difficult to get
You can stay there two to three months without getting any volumes
Examples are:
1. Capital Hotel Plc
2. Smart Product Plc
3. Dufil Primia Food Plc
4. Food concepts
5. And many others

ProphetUtuocha:
https://www.oandoplc.com/press_release/oando-partners-worlds-largest-electric-vehicle-manufacturer-yutong-takes-delivery-of-electric-buses-for-lagos-mass-transit/

Lagos electric bases were supplied by Oando, as many others that will follow.

Watch out for Oando's 2022 results and 2023 half year results. I foresee laughter in the mouth of Oando shareholders!

Using news of April this year to push your agenda is a little bit disingenuous . How many of those buses were supplied? Has anyone seen them . Deploring two pilot vehicles is absolutely misleading and to think you are just posting this is not good for people who are looking for guidance here . It may be a faceless forum but respect to those who stay true to themselves irrespective of whether they have met someone or not.
If you want to really help people, go and take pictures of these buses and the number and post it here . That is how to do due diligence .
Some valid concerns have been raised too . You try and address them and put a caveat that it's not financial advice instead of making look like it's all rosy to invest in Oando . I will be happy for you to make money but do not mislead others

faoogoke:
If you purchased Lagos building and investment company plc shares back in the days I have good news for you.
The company shares was listed last week at NASD OTC last week.
@ N2.41k

Let the party begin

Is there any platform where one can trade NASD stocks without broker's intervention? That NASD is just a waste

I am not coming after you but remember there are certain people who will take your word as the gospel truth considering you are a prophet. That you bought assets at 1.5 billion does not mean they are worth that price . In addition the habit of buying non productive assets at the top of their prices does not make a good decision. You pay for mistakes like that. Imagine buying an asset for 1.5 billion and you are worth 144 million. what does that tell you? . You are suppose to be a top company with top corporate governance but you cannot produce results. You always have to do catch up and "doctor" results to woo undiscerning investors . I am not here to tell anyone what to buy but present a balance argument and always put a caveat . I take God beg you . People made money from Enron so good luck . I will be happy for you if it gets to 50 or 100 as you have stated.

ProphetUtuocha:
Interesting fact:
At its closin price of #11 today, OANDO's market cap is only about $144m! The company purchased ConocoPhillips assets in Nigeria for about $1.5b and has now added the NAOC/Agip assets. The problem is that many folks are caught in the dark cloud of the past without looking at the company's future. This is a new era for an improved, refocused and emboldened OANDO!

You seem to be so sure they are no longer delisting . Temper your expectation bro.

ProphetUtuocha:
OANDO - the toast of our time, our beautiful bride- continues to sparkle. As expected, it has assuredly made it to #11, defying the profit-takers, ignoring the bearish market and overwhelming the fearful. OANDO is well positioned to cross 50 on its way to 100+. Tighten your seat belts!

Bros you dey inside my head?

pluto09:
A big shout out to you @customstreet.
You are doing good.

customstreet:
I learnt that It would be concluded before the end of third quarter.

But I will advise you set December as your holding period

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

We need to give @customstreet his flowers . The brother was right on even with the ratio . More reason why people need to be more respectful to each other here so that you do not discourage them from posting information that may help your investment . Pa Ewumi seem to have broken it down but we await further confirmation of the final ratio . If you do not know what to do, do nothing . If you think you have gained enough already, there's nothing wrong in taking profits . I hope customstreet can gives more clarity . Greetings to everyone

Problem is retail investors are too docile and sheepish . They give the opportunity to decide how you want to be paid but you need a Nigerian Certificate for Capital Importation ("CCI" which are certificates issued by banks for importation of cash (foreign currency Inflow) for investment as Equity or Loan, and also for importation of machinery and equipment for investment as Equity or Loan. This is a complex process and the Central bank will frustrate you especially if you are a retail investor .
However Retail investors should be able to raise issues like this during AGM or at least go and make some noise on twitter and make sure it gets to Seplat . it's listed on the LSE and things like that can affect them but I have noticed we are more interested in twitter spaces where you "shoot your shot ". Did you see how quickly they put out a statement after the rig incidence? If it were not for LSE , you will wait forever for a statement . We have a guy who goes and tweet our weekly activities of NGX on Twitter and he drops them here but How many have followed him? If we stay together , we can achieve much . The other day , People were complaining about the way Ardova delisted . People are also scared now that when Transcorp power is unbundled, they will be delisted from the NGX . Go on twitter and make some noise about it. Copy SEC Nigeria and NGX . These companies can not come to the market and use retail investors to get a sound footing and profitability and when it is time to reap your dividends, they delist . Tweet, retweet, stay together and this rubbish will stop . Any foreign company wanting to deal with a company like that will think twice . My 2 kobo.

Streetinvestor2:
This splat exchange rate is out right stealing. They should pay the dividend in dollars if they can't go with government rate at the official window

Thanks

customstreet:
I learnt that It would be concluded before the end of third quarter.

But I will advise you set December as your holding period

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

Welcome. Thanks for all you do . You keep this place alive . God bless

yMcy56:
Ok Sir.
Thks for the correction.
Thanks to Customstreet for the correction too.

Not Correct Ma.

yMcy56:
Oga Customs check well......
The result was released and dumping started down to 24.40/24.60 before it reversed mainly due to the merger news.
I can remember full offer @27.20 or so, the following day, it went further down. I picked small @27, 25, and hoping to be picking down the lane.....but the news came 2 days later, then it made U-turn up....

Result released on 30th July...
Merger news came on 1st Aug..

I can remember you hinted us before result was released anyway. The hint and insider activities took it to above 30 before result came. You tried sir.