₦airaland Forum

Market update on oando as @ 10.30
Offer more than bid

Make this skyebank drop reach 2.50 sodat I can accumulate more. I beg oh

hbrednic: sell your abc before mark down.

Very certain. I dnt usually wait for dividend except if the stock no wan rise at all. For abctrans, I wil start selling two days before mark down.

Nawa for banking stock result oh

I don relax for ABCTRANS bus last week @ 0.83 junction. We dey wait for few passangers sodat we wil move to our 1.05 junction and above.

bigass: What if they decide not come out with right issue

0YO. There are also better stocks on NSE. I am just trying to encourage dose who missed and will still the Oando train.

gabscity: SkyeBank here I come tmro!

I am waiting for their Q2 to decide whether to load more or stop.

myjoy08: Sir, to make it simple as it is now; ConocoPhillips earnings generated belongs to Oando since when the sale has been officially announced and it will be transferred to Oando when they finally closed the deal. Oando's audited financial statement will reflects this and their first quarter results for 2014.

Let them declare their result and let us see. For those who are yet to join this bus and short of fund for now, start saving because d price wil fall wen d rite issue is out.

I am missing the market a lot. Let tomorrow quickly come. NSE and Money market nah my 90% of my source of fund. I can't imagine ao it wil look like if the market close for a week.

SKYQUEST: SKYQUEST: Kudos to you all. Kindly help clarify me on this: Since the closure date of ABC Transport is 11th – 15th August 2014, will one be entitled to the dividend and bonus declared if he owns the share as at 11th of August but sells the share before 15th of August?



Thanks boss. Will the qualification date falls within the announced closure date of "11th – 15th August 2014", how do I get to know the specific date of qualification?

Qualification date is either before and during the closure of register. Few coys do give qualification date. On trw stockbroker, they usually announce the market mark down date on that day.

SKYQUEST: Kudos to you all. Kindly help clarify me on this: Since the closure date of ABC Transport is 11th – 15th August 2014, will one be entitled to the dividend and bonus declared if he owns the share as at 11th of August but sells the share before 15th of August?

It is the qualification date that will determine if your entitle to it or not

Has Oando declared any dividend this year? If no, will they still declare?

nereiskc: Pls can anyone help me with Morgan capital account opening form. I have tried to get that thru their site but to no avail. Thanks

Let me have your email so that I can forward it to you.

chiteny: Does anyone know what is happening with Morgan Capital? I have not been able to open their site for the past two days and have not been able to access the itrade for the past three days now.

Check your internet connection. I still trade on it dis morning before everything went down but you can still open the site.

Born2berich: If morgan CEO dey complain about itrade being down for here that means say wahala dey oo for traders.

I beg oh, I no b CEO. I tried calling a guy working @ NSE, he said it was due to technical hitch. I asked him wich kind of hitch is dat, he said he will tel me once it has b resolved.

I traded dis mori on iTrade before it was closed down. Abeg, make una open am again oh. I stil want to load more on ABCTrans.

immanuello: Wonderful House of wits,please what type of account can one use in opening with morgan.Is a savings account good or adviceable to use as a bank account to fund my brokerage account after it must have been opened by morgan.Thank you house as i await ur explicit explanation in form of reply.Thanks.

Savings acct is allowed.

See Caverton, more than 100 miilion volume already traded @ an average price of 6.40. Any insider news because dis volume is unusual.

lancee: They just wasted my time for hrs waiting for mandate to be executed online , i had to call them to confirm and they didnt even want to tell me there was a problem
i think both online and old brokers will be the best

Y dnt u go for REAL-TIME Trading? You will have an oppportunity of trading on the floor of NSE.

zendi: E no go reach your ambush junction, near Benin. Bicos your plan na to hijack the bus altogether and take over steering from WT.

I am already inside the bus.

Gistdutch: House pls any good stock recommendation for short term ?

Cutix, because dey wil definately declare a gud dividend by oct. They av woderful results. Very soon, the company will make annoucement abt their coperate action. Do ur due intelligence and enter @ a gud price.

Hencruz: Please has anybody here invested in FBN money market funds?

Yes

unite4real: Are u kidding me?

I bought into ARM aggresive growth fund back in 2008 for 20 Naira per unit. as of this moment, thank God it is around 16 Naira per unit. Even if it was 1% i have been getting from TB investment since 2008, i would have been better off.

You should have bought ARM Money Market dat operate llike TBills. I am currently into FBN Money Market and the interest since I have subsribe has been higher than TBills stop rate. Another benefit is that you can enter and exit freely at any business day.

zendi: I don't think so bicos it is not all apc leaders that are involved in oando, and pdp is planning to take even more states. I heard also that apc leadership was not on ground in Ekiti.

Whatever, I am happy for oando people, including myself (I doubt there is any BNSITL who doesn't have oando now). Indeed by the awesome mercy of God, the oando bus keeps returning to it's previous bus-stops to pick up more of the saints destined for the golden land. And now somebody has just posted on smn, sounding authoritatively, that deal closure will be announced anytime from next week thursday to 9th aug.

Dey should still wait. Some of us still want to load more n more as d price drops.

Please be informed that further to the application for
a Rights Issue of 6,300,000,000 ordinary shares of 50
kobo each at N1.85 per share, by Champion
Breweries Plc, the applicable dates have been fixed as
follows:
Qualification Date: Wednesday, 7th May 2014
Offer Opens: Monday, 4th August 2014
Offer Closes: Wednesday, 10th September 2014

Assume the cop deal is signed today, what will be the estimated market cap of Oando?

Elai147: This Skyebank looks like it's going to break the N3.20 support soon and we may find it below N3. The chart pattern no get part 2.

Plsn Let it fall further oh. I wil continue to accumulate. Each time it drop by 0.1, Iwil buy more.

mercifull: hello my bnsitl.I finally opened the account with morgancapital and funded it but i was not able to trade with it.It keeps showing ''order rejected' i called thier customer care line and was told to send my order by email.i did that yesterday and yet to hear from them.Thier number has been switched off today. Has anyone ever experienced this before?

Did u use price limit? Where did u plc d order before? I didn't experience dat yesterday.

If cop deal of oando is sealed today, what is the likely estimates of their market cap?

Oando Energy Resources Inc. (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced
that it has completed the acquisition of Medal Oil Company Limited (“Medal Oil”).
The purchase price of US$5,000,000 was satisfied by the issuance of 3,491,082 units, each unit consisting of one common share of the Company and one-half of one warrant to purchase an additional common share at a price of C$ 2.00 per common share for a period of 24 months from the date on which the Company closes the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips the (“CoP Acquisition”).
Medal Oil holds a 5% interest in OML 131. Upon completion of the CoP Acquisition, OER will own a 100% interest in OML 131.

Kevostica: pls explain, I placed first sell order on morgan itrade and it was ok but tried to place second sell order but it could not go thru. The error massage reads thus; the seller account has insufficient money to sell.

Try to mail them. I am very sure you will get a response as soon as possible.

ValueHunter: Morgancapital,do u have an office in ilorin or ibadan,if yes,pls kndly tell me your address location.Thanks.

No.