OBAGADAFFI:


But MECURE did not allow us to enter before the rally.

emmanuelewumi:



Whereas I used the proceeds to by the right issues of United Capital, APR, bought Okomu and Zenith

thebargainhunte:
Very sharp! The investment you made with the proceeds must have fetched you the amount realized from the proceeds 2 times. Imagine you left the money with oando, you will be crying had I known by now. The minority shell holders should be rewarded handsomely, they really beared the brunt when the going was tough. Oando should allow it's shell holders to breathe, abeg.

mikeapollo:


You are perfectly right.
This loan would ease off pressure on Oando but they need to achieve and sustain reasonable level of production.
The dynamics are beginning to change gradually, and I hope the SEC would stamp its authority if Oando management decides to go ahead with the delisting because I saw in the last AGM that they are cancelling the unissued authorized shares of the company, which looks like an indication of the intention to delist the whole shares of the company from the NGX eventually.

emmanuelewumi:



Balanced Fund Invest in equities, Fixed Income and Money Market instruments.


Equity fund invests in shares

sky2891:

I think Cancellation of unissued shares is a directive to all companies listed on NGX

OBAGADAFFI:

But MECURE did not allow us to enter before the rally.

yMcy56:

It wasn't available since day one that it was listed

sky2891:

I think Cancellation of unissued shares is a directive to all companies listed on NGX

sky2891:
I think Cancellation of unissued shares is a directive to all companies listed on NGX

megawealth01:

Princkez:
OANDO on full bid@ 11 55....any time prophet show up something will happen

OBAGADAFFI:
So insiders just corned the stock ?

mikeapollo:


It may be. The Africa EXIM bank is much better option than going for commercial loans from Nigerian banks.
The interest rate and general terms would be much better, so it gives further hope on the prospects of Oando in the long term.
I just pray the price gets to something like N50! I go smile reach China!

mikeapollo:


That Prophet must know something about Oando that he is not divulging!
Thank God I did not sell all my OANDO! And let's hope they would not delist

4tunebest:


Thank you sir. My enquiry was if there are hidden charges that may be deducted from the over 30% return such that the net return will be way less than 30%.

I am asking this question because I find it to be in extreme contrast to MMF which offers about 9% and I know this has no hidden charges based on my experience in MMF thus far.

hisexcellency34:
Another big announcement coming from Oando...

ProphetUtuocha:
Oando ... 11+ million bid, zero offer
Remember: thou shall seek it, but shall not find it!
Should I talk more?

Zegra:


You only appear when Oando is on full bid.

ProphetUtuocha:
Oando ... 11+ million bid, zero offer
Remember: thou shall seek it, but shall not find it!
Should I talk more?

vacanci:
forecast profit before tax is less than 2M naira for the 4th quarter. Abi i no dey see well?

https://doclib.ngxgroup.com/Financial_NewsDocs/113_Multiverse_Mining_and_Exploration_Plc.__4th__Quarter_2023_Earnings_Forecast.pdf

yMcy56:

Think you have to look beyond what was arrived at in the forecast.....
* How big or bouyant is the coy
* YoY /QonQ comparison
* Where is it coming from (financially & otherwise)
* Profit continuity & ability to keep delivering
* The product & prospects
* Pipeline projects

* Don't mind my English and amateur outlook*
* Also note that I'm saying you should carry out your DD. Not in any way speaking for or against it. Won't be responsible for anyone's decision. At the right time, I'll do my own DD too*

mikeapollo:


We are here to educate ourselves.
I am not saying you should reveal confidential corporate info, but we need some more clarity on what forms the basis of your predictions so we could take informed decisions.
Like others, I bought some millions of units of Oando long before now, so we all need to take some informed investment decisions on our portfolio holdings.

megawealth01:
Oando never get road map

megawealth01:
I got burnt before the reconstruction

yMcy56:

It means you were not patient enough.
It paid off at some point after the reconstruction

mikeapollo:


You might be mistaken.
Oando is gradually taking strategic steps to overcome its present challenges. A successful loan deal plus operations from the ENI fields will definitely booster their results and see the price above N50, especially if they produce a fair performance for FY2023.

Oando should not delist, but rather make me a billionaire, biko!

mikeapollo:


You might be mistaken.
Oando is gradually taking strategic steps to overcome its present challenges. A successful loan deal plus operations from the ENI fields will definitely booster their results and see the price above N50, especially if they produce a fair performance for FY2023.

Oando should not delist, but rather make me a billionaire, biko!