What has age got to do with this thing? Okay, I may be old, and forgetting all names, including mine, but the method we used in the past is never old.
STRATEGISTS=
Some things have changed, Your Majesty. We can apply the method like in the past, and do the job, but everybody now thinks you're too weak to carry out the Imperial duties. Besides, it will be impossible this time to explain 90 million votes, which will be needed to defeat the opponent.
EMPEROR=
I did not hire you to tell me what everybody thinks. I hired you to tell everybody what I think. Get going and get it done.
emmasoft: @zendi, DSS works perfectly well. Remember the T+3 rules still apply, even though it's DSS it doesn't mean immediately you sell the money gets to your bank account, it will take the normal regulatory terms before your account is credited by CSCS.
Please also note that when you opt for DSS the broker is completely out of the picture after the sale. It will now be between the investor and CSCS.
emmasoft: @Vibesking, please what happened what is the challenge? Investment one is reliable. You can chat me up let me know your concerns. It will be resolved immediately.
Good day emmasoft, I've been thinking to enquire from you about Direct Settlement system. Does it work seamlessly as promised, or does money get stuck at CSCS or somewhere? I had been away from the market, and there's reason I don't want to ask my broker.
Until the risk of Delisting is removed, Oando will remain a busy Monkey Dealing Market. Monkey dealers will be buying and selling and re-buying and re-selling monkeys from and to each other until the bell rings, and it's time-up. Then all dealers still with monkeys will be made to return them to the Cowboy at N7 per monkey regardless of size, weight or cost price. Meanwhile smart and lucky dealers would have cashed out mid-market and rejoiced home with their loot.
Omooloriredade: From where I stand, the completion of the Agip deal is a game changer for the company. I expect Oando to release an announcement to breakdown what this acquisition means to the company and its shareholders. That's what a good CEO would do. Sell the news while it's hot. Many may still not understand the ramifications though until they see the Q3 and Q4 results which should incorporate Agip's assets.
Oando's best asset has just been doubled while they shed the less quality assets. We can argue poor leadership is also a bane of this company. It's an empty post, lets see if Wale can manage to put the ball in the net. Recent news suggests a genuine turnaround might be in the offing.
The FG has signified interest in cranking up crude production which should augur well for E&P companies. If they can manage security and infrastructure availability properly such that it translates to increased production, there could be some good money to be made by all players. As for Oando, their financial report should look better if they can push for 100,000BOE in production this year.
My post could be misleading so please do your own DD.
Mankind2024: Nope, the companies under the umbrella of TE constitutes a financial / investment ecosystem. UBA UCAP Transcorp Plc Transcorp Power Transcorp Hotels Afriprudential All the companies can be brought together again as a holding company in the future. Transcorp plc gave birth to the hotel and power UBA registrars plus UACN gave birth to Afriprudential Registrars and UCAP. UBA was the merging of Standard Trust Bank and UBA.
It takes one TORTOISE Investor to recognize another, talking about you. Maybe you should watch out for the listing of Heirs Holding one day.
Streetinvestor2: This is why I believe wale is likely to have changed his mind on delisting. This is the way to go if you want to delist easily and cheap.You don't arm your enemy yourself with good results. .it is common sense The minority shareholders will beg you to collect what you are willing to pay.Or you crash the price in the market and keep mopping it at lower than your offer via proxy till you collect above 90% of the shares
The same game by Norrenberger on intenegins. They used their bad Q1 result to turn the stock southwards to get many holders thinking to go and collect 1.60 "before Oga Norre changes his mind". At the same time I believe by now they must have mopped almost to their target from the floor at below their MTO offer price.
They wanted to delist at N23 buy-out. The minorities demanded for N100 and cried to SEC to object. So the cowboyz switched to Plan B. When they're done reducing the company to an empty shell, the shellholders will be begging for the N23 if still available.
Streetinvestor2: I am yet to see your own stock recommendations or call here.You are quick to point finger on others own.All this knew moniker that is only here for attack purposes
So you arrogate to yourself the ownership of OANDO recommendation? You're the recommender of OANDO to even the people here with longer OANDO transaction (jijo) history on their CSCS Accts than you ?
I think you have greater skill in comicry than in stocks recommending.
Maybe I am the recommender of smartphones to young people around the world. And I am the recommender of stocks to Ewumi and Wanajo.
megawealth01: Minority can't do anything sha because they don't have the FINANCIAL muscle to flex with oga at the top if they do desire to DELIST...
Even the court cannot stop delisting, because it's legal. Court can only delay it. Court can order the cowboy to go and obtain a proper shellholders ratification. And you're not a senior cowboy if you cannot dribble through a shellholders meeting.
Only the miracle of a change of mind by the cowboyz can reverse the move.
mikeapollo: You get it, perfectly! Oando shareholders have been through very difficult times. And now that there seems to be some hope, this delisting issue has cropped up. That is why some shareholders have vowed never to allow the delisting succeed. Hope SEC would be equally determined to protect shareholders interests.
Hmn, SEC ! Did you say SEC ? A parastatal Dept of Government, Govt of the Big Guy, Who is Uncle to the cowboy, Who is taking the mega company private.
I have absolute faith in SEC to do the right thing on this particular Delisting.
Or is there any other thing you want to hear from my mouth?
zendi: Hmmn, a story of Acquisitions, Expansions, Indebtedness, Debt Repayment, Loss Reporting, More Acquisitions, More Expansions, More Indebtedness, And now, Delisting.
The future is juicy doesn't mean the cowboy wants everybody to partake of it.
freeman67: She said everything she had to say in the quoted post. In all the stocks you mentioned bar Transcorp, something happen that changed their fortune chiefly of which is management.
For transcorp, the management didn't change but it took an attempt for a take over before the Chairman had to let minority shareholders benefit. That's someone that's even known to democratize wealth ooo (As he would say) if you compare every other of his company listed.
What is the antecedents of Oandos management?When last did Oando pay dividends? How much dividends has investors that bought it about 70 Naira gotten cumulatively from 2010 till now.
Also, this is not their first time of acquiring assets. Oando acquired ConocoPhilips in 2014 with fanfares. How has that benefitted the shareholders.
There is all also " Future Potentials" and "revenue and profitability" that at the end will disappear all the while it will just disappear as usual. So, let us just gamble in peace and allow sentiments make money for whoever want to ride with the tides but if you really want to look at it based on antecedents, there's nothing in it.
Hmmn, a story of Acquisitions, Expansions, Indebtedness, Debt Repayment, Loss Reporting, More Acquisitions, More Expansions, More Indebtedness, And now, Delisting.
It will be high fun watching OANDO jijoists loading and dumping OANDO on each other, with scanty to zero loot, yet always returning to load again, throughout this adjournment window. Because, make no mistake, the long term investors that jijoists normally dump on to take loot will not be part of it, and why? If you want to board a long distance bus and then hear that armed robbers have mounted a roadblock (delisting) some kilometers down the road, will you still be jumping in? You will not. You will tarry under the mango tree around the bus stop, and, not only you but even the bus itself will park until word comes that the roadblock has been cleared.
( The're a few old nsempa slangs that you have to bear with. )
Streetinvestor2: Who wan follow me play bigger bet naija.i bought oando today with JB I sold yesterday. Bought oando @#15.00 all die na die Sold some JB at BE of #24 for #89.
I decided to take bigger risk....na my money no borrowed fund,lol.Target on this new buy na 100%(#30)
nothing ventured, nothing hammered.
Two Large Guinness (delivered by motorcycle courier) will not harm me. Must be two o....one no go do.
Obrigardo: Convicted felon trump will certainly get destroyed this fall, so zendi, don't fall for the felon's stop the steal part 2. Your orange smelly overlord is in no shape to win the presidential election of the most powerful country on earth.
So stop the "election is already decided" shit.
Lawfare prosecutior... Weaponized Judge... North Korean courtroom... Partisan mob jury......
As you can see from the surge in the polls, the public are not buying the "convicted felon" stunt.
bemeruca: Remember that the new york mayor pressed Biden hard on immigration... Out of nowhere they threatened to investigate him and since then he is quiet.
Yes, he may not even have skeletons in his cupboard. But as a leftist himself and former policeman, he knows what happens to a cockroach when "investigated" by chickens. "Crimes" will be abundant. So he kept quiet.
basilico: They have been going against Musk ever since he took over Twitter.
Ever since he declared political leaning to the Right. There are right now numerous regulatory "investigations" against his companies ongoing. They even sued SpaceX sometime for not hiring illegal aliens.
The Left is extremely vicious.
Trump, Musk and Netanyahu Derangement Syndromes of the Left are real.
Testimonies777: Sir, everyone here knows the risk involved in buying Oando!!! Stock trading itself is a kind of risk. So please if you are not going to add any value to people here, don't attack the ogas in the house helping us. We did not start yesterday o. ....and everyone is the CEO of his portfolio
It is the ogas that are attacking me because it seems to them that I'm cheering delisting.
And what makes you think that my cautionary comments do not add value? Have you polled everybody?
SonofElElyonRet: Seems [/b]you are [b]almost praying for this to happen...
God has been good and merciful to me, but If I could rule the market by my prayer, I would not be wasting the power praying for your downfall, for market crash or global financial meltdown. Because I would be too busy praying myself to the rank of world's first trillionaire.
And, by the way, what bad thing are you implying I was "almost" praying to happen? Delisting is as legal, normal and routine in the Stock Market as Listing, no matter how emotionally, fanatically and now, metaphysically (prayerfully) many have become attached to a one stock.
Anyway, here is the concluding part of the OANDO notification to the NSE on delisting:
"Shareholders of Oando are advised to exercise caution when dealing in the shares of Oando until a further announcement is made."
This is a cautionary advisory by the company themselves, out of concern for the safe dealing of their shellholders, not a prayer for something bad to happen to anybody.
zendi: The only DD anybody needs on Oando right now is to understand that delisting is a matter of 'When', not 'If', until you see a "Press Release" reversing delisting plan.
As of now, your Oando is loaded in a paddle-canoe afloat on turbulent waters, with N7 as your life-jacket.
(mdfd).
If you wake up one day and find OANDO in technical suspension, then you know the canoe has capsized.
The only DD anybody needs on Oando right now is to understand that delisting is a matter of 'When', not 'If', until you see a "Press Release" reversing delisting plan.
As of now, your Oando is loaded in a paddle-canoe afloat on turbulent waters, with N7 as your life-jacket.