₦airaland Forum

mikeapollo:
Lol !
You for no see or hear me on this forum.
Wetin you wan say about Wale and his gang that own the company and have been buying real oil bloc since decades ago..
My own na just paper shares like anyone here.

SonofElElyonRet:
Artful dodger 🤔

KarlTom:
Should be between $400m and $600m

Your 'source' is probably Billionaire Africa

SonofElElyonRet:
You are suggesting they cook the books eh

mikeapollo:
He is trying to put Oando in good light so he can secure good deals when raising funds. If he gives the bad signals, he won't get good deals from creditors and/or investors .

zendi:
The funny thing is that Wale is not even acting as if Oando has money problem. He went to the sideline of World Economic Forum to brag that Oando has one billion barrel s of crude oil underground.
He is looking to buy (I know by International financing) a $15b Refinery in Trinidad. And I'm not hearing a lot of noise about money raising.

I don't know, maybe the man has a secret solution for Oando money problems.

nosa2:
Maybe the bad rating is there for a reason.

zendi:
If you're selling a product that has unlimited demand (petrol, diesel etc) and unlimited supply (Dangote Refinery), then you will make unlimited money unless you have a rougue on the Cowboy Desk.

Streetinvestor2:
Walahi onado will not come to market to raise any fund.
Why didn't wale just look for new investor to take up this shares being redistributed and use the fund to reduce the debt.whr did all that money for flexing at the yr end come from.The money from sell of fuel station was never distributed but was invested back into the business
From wale body language,the money go come from improved production and efficiency in cost management.

megawealth01:
Hope you ain't calling WALE?

mikeapollo:
Lol.
Remember, Eterna is downstream, sells and buys mostly in naira.
Oando is upstream, so it can be more affected by forex and crude price fluctuations
The high cost of forex, materials, inputs and labour costs is making many companies to incur losses (but Oando has a perculiar problem for about 10 yeard now)

chimex38:
Both are united in losses at the moment

zendi:
Your own is director-dealing.

You should be cheering the Tinubu name on this forum and not disparaging it as you often do.

And I'm an Igbo man.

mikeapollo:
Good, clever move.
I did not sell, but waited to benefit from tranche 1 because I will be getting close to a million shares from the redistribution!

thebargainhunte:
Wale really wants to punish some people. Una go chop share redistribution at sub #40

zendi:
Transcorp
Aradel
MTNN
Oando
Eterna
FUGAZ
NB
UACN

KarlTom, how many eyes do I have and where are the unlimited funds?

zendi:
Transcorp
Aradel
MTNN
Oando
Eterna
FUGAZ
NB
UACN

KarlTom, how many eyes do I have and where are the unlimited funds?

SonofElElyonRet:
Make una remember say you got bills to pay. No take all your money buy shares. Just saying

KarlTom:

KarlTom:
Keep an eye on VFD...

Every mallam to his kettle...

SonofElElyonRet:
Bolded is funny but true for many investors that "hammered" during bull season

zendi:
It depends on where you believe the bus is going.
During the last great Oando bull, I bought my first tranche at N18, after the court poured cold water on delisting.
Not yet satisfied, I raised money and chased down the bus to Ji again, very violently, at just under 30.
That day, do you think I cared if I was buying at the high or low percentage of the day? I didn't.
I wanted to Ji by force or fire because I thought the bus was headed to km 200, delisting having just been dealt a blow.

I later Jo'd at km79 with healthy loot. Was I a mumu?

I was telling you about what is possible, not that it it's my trading style to buy deer and sell sheep.

A lot depends on the circumstances of a particular play.

megawealth01:
You are smart

USA2019:
My livestock are starving, so I need to visit Lagos today to buy some ingredients, my stanbic banker says I need to fill in some form to withdraw some cash. After the day, I will lodge at Ikejahotel. I don't understand what you're saying. Pardon my naivety.

megawealth01:
You are smart

chimex38:
I see your word play

USA2019:
Well, I wonder which trader buys at opening price + max daily gain--that's borderline mumu. Except you're a long-termer (investor), that's not wise.

USA2019:
If you don't trade in a day, you can only lose 20% max but can gain 40% if you buy at -20% + Opening Price and sell at Opening Price + 20% .