Mankind2024:
I humbly disagree with your assertion. You do not have a monopoly on stock picks. I have been consistently advocating for months that self investors should consider investing in the Tony Elumelu ecosystem. What I see in his ecosystem is prosperity for long-term(Tortoise investors). I have appraised the survival tendency of the Tony Elumelu listed companies and their potential to generate income through service offerings within the system. My write-up was motivated by publicly available information and a good understanding of the system, not privileged information. It was posted for the benefit of forum members. I even predicted that Tony Elumelu listed companies would outperform the index from October 2024, regardless of the uncertainty and direction of the Nigerian economy. My investment in UCAP dates back to 2017/18, and I would have 1,020,000 units post-bonus issue, with a 345% return YTD. I wonder where you got the idea that some elements are ungrateful for your selfless and financially motivated stock picks for members. On the other hand, you should be grateful to Nairaland for providing an enabling platform to source your fee-paying clients .
Many forum members, including myself, have provided up-to-date valuable information without asking for subscription services. Ugodre of Nairametrics, a former active participant on this forum, never diverted members to his subscribed service. Pa Emma Agbalowomeri, Stockbull, Bullbearmarket, Dr. Awo, YMcy56, Locotrader, Streetinvestor, Megawealth, and many other contributors have shared information selflessly on this faceless forum. When your stock picks fail, you often blame it on time, citing 'no time frame' or 'no time limits,' which essentially amounts to gambling.
We are well aware that every listed company has inherent potential. However, realising this potential is influenced by various factors, including time, management expertise, effective corruption management, investor sentiment, and macroeconomic indicators.
Lastly, you cannot silence me here just as you did with Chibuking.

bovali:
https://saharareporters.com/2024/07/18/dangote-refinery-products-inferior-imported-ones-nigeria-cant-rely-them-alone-avoid

Locotrader:
At this time,we remain loyal to oando.

Royalex & Co can wait for now let's chop this hot money first

mikeapollo:


The court had stated that the adjournment was to allow the company to produce a report of compliance with the Court’s order dated June 7, 2022, which requires it to submit its Scheme of Arrangement document to the Securities and Exchange Commission (SEC) and the NGX within 30 days, along with other instructions.
https://nairametrics.com/2024/07/18/court-says-oando-minority-shareholders-cannot-be-forced-to-sell-their-shares/

This means that the Court was always adjourning because Oando still delayed and failed to produce a report of compliance with the order to submit its Scheme of Arrangement document to SEC and NGX for the delisting of the shares!

It seems the case was delayed and frustrated by Oando itself!

Omooloriredade:


Bro, in my opinion that is factually incorrect. My understanding of the situation is different.
Disclaimer: In the future, if it turns out I was wrong, I apologise now o

The process in no particular order is as follows:

* Development of scheme document - Achieved
* Submission of scheme document to SEC - Achieved
* Approval of scheme document by SEC or receipt of SEC "No objection" - Not approved yet
* Court sanction of scheme document - Not achieved yet
* Court ordered shareholder meeting - Not achieved yet
* Approval of scheme document by shareholders - Not achieved yet
* Commencement and completion of offer to shareholders - Not achieved yet
* Court sanction of transaction as per terms of scheme documents - Not achieved yet
* Delisting from NGX - Not achieved yet.

And NO, it doesn't depend on Wale either. Particularly, for him, it is a bit complicated. He has had a bitter clash with SEC in the past which was settled out of court eventually. Based on his antecedents, I don't believe SEC will approve the Scheme document as it stands especially not at such ridiculous terms. Literally, they were hell-bent on booting him out of office. SEC is the bottleneck in the whole process.

Refer to link below for the process and why he has not been able to produce the document the court requested. He doesn't have it yet. It is as simple as that. He is not the one stalling.

https://www.oandoplc.com/press_release/oando-plc-announces-proposed-scheme-of-arrangement/

"Consequently, we confirm that Oando has applied for the SEC’s ‘No Objection’ to the Scheme. Please note that the effectiveness of the Scheme is subject to the approval of the shareholders of Oando at the Court-Ordered Meeting of the Company, as well as the sanction of the Federal High Court. The terms and conditions of the Transaction will be provided in the Scheme Document which will be dispatched to all shareholders following the receipt of an order from the Federal High Court to convene a Court-Ordered Meeting. If the conditions of the Transaction are satisfied and same is sanctioned by the Federal High Court, the Company will be delisted from NGX and JSE and re-registered as a private company."

I hope the parties go back to the court and be like sorry oga judge, it's now a family matter. We will settle out of court.

My position on recent trading in the shares of Oando: I believe it's still a case of buying the rumour. News submitted to the NGX is the factual news not what is reported in the newspapers or online media. I'm not saying they are inaccurate but the market will attach more substance to news released on it's platform. Unfortunately, the signing ceremony for the NAOC deal is still pending so until then, completion of the deal can't be deemed official. I believe this is the reason Oando is yet to report this development. Same reason the JSE is yet to respond (no official news yet). This could be a major price catalyst once officially released.

ALL in my opinion

narite:

Recall when you were screaming that the company had too much debt? Still Seems like yesterday when you were predicting a bear market, but now bullish. I admire your flexibility.

"If you can think and not make thoughts your aim, dream and not make dreams your master. Yours is the Earth and everything in it"

Omooloriredade:


Bro, in my opinion that is factually incorrect. My understanding of the situation is different.
Disclaimer: In the future, if it turns out I was wrong, I apologise now o

The process in no particular order is as follows:

* Development of scheme document - Achieved
* Submission of scheme document to SEC - Achieved
* Approval of scheme document by SEC or receipt of SEC "No objection" - Not approved yet
* Court sanction of scheme document - Not achieved yet
* Court ordered shareholder meeting - Not achieved yet
* Approval of scheme document by shareholders - Not achieved yet
* Commencement and completion of offer to shareholders - Not achieved yet
* Court sanction of transaction as per terms of scheme documents - Not achieved yet
* Delisting from NGX - Not achieved yet.

And NO, it doesn't depend on Wale either. Particularly, for him, it is a bit complicated. He has had a bitter clash with SEC in the past which was settled out of court eventually. Based on his antecedents, I don't believe SEC will approve the Scheme document as it stands especially not at such ridiculous terms. Literally, they were hell-bent on booting him out of office. SEC is the bottleneck in the whole process.

Refer to link below for the process and why he has not been able to produce the document the court requested. He doesn't have it yet. It is as simple as that. He is not the one stalling.

https://www.oandoplc.com/press_release/oando-plc-announces-proposed-scheme-of-arrangement/

"Consequently, we confirm that Oando has applied for the SEC’s ‘No Objection’ to the Scheme. Please note that the effectiveness of the Scheme is subject to the approval of the shareholders of Oando at the Court-Ordered Meeting of the Company, as well as the sanction of the Federal High Court. The terms and conditions of the Transaction will be provided in the Scheme Document which will be dispatched to all shareholders following the receipt of an order from the Federal High Court to convene a Court-Ordered Meeting. If the conditions of the Transaction are satisfied and same is sanctioned by the Federal High Court, the Company will be delisted from NGX and JSE and re-registered as a private company."

I hope the parties go back to the court and be like sorry oga judge, it's now a family matter. We will settle out of court.

My position on recent trading in the shares of Oando: I believe it's still a case of buying the rumour. News submitted to the NGX is the factual news not what is reported in the newspapers or online media. I'm not saying they are inaccurate but the market will attach more substance to news released on it's platform. Unfortunately, the signing ceremony for the NAOC deal is still pending so until then, completion of the deal can't be deemed official . I believe this is the reason Oando is yet to report this development. Same reason the JSE is yet to respond (no official news yet). This could be a major price catalyst once officially released.

ALL in my opinion

Mankind2024:
I humbly disagree with your assertion. You do not have a monopoly on stock picks. I have been consistently advocating for months that self investors should consider investing in the Tony Elumelu ecosystem. What I see in his ecosystem is prosperity for long-term(Tortoise investors). I have appraised the survival tendency of the Tony Elumelu listed companies and their potential to generate income through service offerings within the system. My write-up was motivated by publicly available information and a good understanding of the system, not privileged information. It was posted for the benefit of forum members. I even predicted that Tony Elumelu listed companies would outperform the index from October 2024, regardless of the uncertainty and direction of the Nigerian economy. My investment in UCAP dates back to 2017/18, and I would have 1,020,000 units post-bonus issue, with a 345% return YTD. I wonder where you got the idea that some elements are ungrateful for your selfless and financially motivated stock picks for members. On the other hand, you should be grateful to Nairaland for providing an enabling platform to source your fee-paying clients .
Many forum members, including myself, have provided up-to-date valuable information without asking for subscription services. Ugodre of Nairametrics, a former active participant on this forum, never diverted members to his subscribed service. Pa Emma Agbalowomeri, Stockbull, Bullbearmarket, Dr. Awo, YMcy56, Locotrader, Streetinvestor, Megawealth, and many other contributors have shared information selflessly on this faceless forum. When your stock picks fail, you often blame it on time, citing 'no time frame' or 'no time limits,' which essentially amounts to gambling.
We are well aware that every listed company has inherent potential. However, realising this potential is influenced by various factors, including time, management expertise, effective corruption management, investor sentiment, and macroeconomic indicators.
Lastly, you cannot silence me here just as you did with Chibuking.

SonofElElyonRet:


Merely an attempt to justify continued shameless importation of petroleum products and corrupt enrichment of the cabal through the subsidy regime which though was said to have been removed, still subsists

Omooloriredade:


Are you sure? I'd wait for a rebuttal from Dangote first before I draw any conclusions. If you're an ordinary citizen and consumer of the product, I reckon it's better to stay objective. Mr Ahmed quoted some figures which I hope are verifiable. There may well be sense in what he is suggesting. It's important they supply quality products to Nigerians.
From Dangote's business perspective, blocking off fuel importation is ideal and I somewhat agree/support if he is ready to supply quality products. Monopoly is good for his business and I wish him well but not at the expense of Nigerians.

megawealth01:


Monopoly is a game and this FG knows how to play it... What happened to IBETO back in the days?

All Nigerians need is quality sha no matter where it comes from

Mankind2024:
I humbly disagree with your assertion. You do not have a monopoly on stock picks. I have been consistently advocating for months that self investors should consider investing in the Tony Elumelu ecosystem. What I see in his ecosystem is prosperity for long-term(Tortoise investors). I have appraised the survival tendency of the Tony Elumelu listed companies and their potential to generate income through service offerings within the system. My write-up was motivated by publicly available information and a good understanding of the system, not privileged information. It was posted for the benefit of forum members. I even predicted that Tony Elumelu listed companies would outperform the index from October 2024, regardless of the uncertainty and direction of the Nigerian economy. My investment in UCAP dates back to 2017/18, and I would have 1,020,000 units post-bonus issue, with a 345% return YTD. I wonder where you got the idea that some elements are ungrateful for your selfless and financially motivated stock picks for members. On the other hand, you should be grateful to Nairaland for providing an enabling platform to source your fee-paying clients .
Many forum members, including myself, have provided up-to-date valuable information without asking for subscription services. Ugodre of Nairametrics, a former active participant on this forum, never diverted members to his subscribed service. Pa Emma Agbalowomeri, Stockbull, Bullbearmarket, Dr. Awo, YMcy56, Locotrader, Streetinvestor, Megawealth, and many other contributors have shared information selflessly on this faceless forum. When your stock picks fail, you often blame it on time, citing 'no time frame' or 'no time limits,' which essentially amounts to gambling.
We are well aware that every listed company has inherent potential. However, realising this potential is influenced by various factors, including time, management expertise, effective corruption management, investor sentiment, and macroeconomic indicators.
Lastly, you cannot silence me here just as you did with Chibuking.

Omooloriredade:


Are you sure? I'd wait for a rebuttal from Dangote first before I draw any conclusions. If you're an ordinary citizen and consumer of the product, I reckon it's better to stay objective. Mr Ahmed quoted some figures which I hope are verifiable. There may well be sense in what he is suggesting. It's important they supply quality products to Nigerians.
From Dangote's business perspective, blocking off fuel importation is ideal and I somewhat agree/support if he is ready to supply quality products. Monopoly is good for his business and I wish him well but not at the expense of Nigerians.

KarlTom:
IMO, the bolded is the issue we have as a nation.

EVERY individual or business has a phase of baby steps: that does not mean that someday they will not walk and eventually run.
No business hits the ground running without adequate support.

What Dangote has done (building a refinery of that capacity) goes beyond what most Nigerians can fully understand.

There is an endless list of home-grown businesses that had life snuffed out of them BECAUSE we wanted quality from foreign countries.

Those foreign quality products once started poorly too...

Omooloriredade:


Bro, in my opinion that is factually incorrect. My understanding of the situation is different.
Disclaimer: In the future, if it turns out I was wrong, I apologise now o

The process in no particular order is as follows:

* Development of scheme document - Achieved
* Submission of scheme document to SEC - Achieved
* Approval of scheme document by SEC or receipt of SEC "No objection" - Not approved yet
* Court sanction of scheme document - Not achieved yet
* Court ordered shareholder meeting - Not achieved yet
* Approval of scheme document by shareholders - Not achieved yet
* Commencement and completion of offer to shareholders - Not achieved yet
* Court sanction of transaction as per terms of scheme documents - Not achieved yet
* Delisting from NGX - Not achieved yet.

And NO, it doesn't depend on Wale either. Particularly, for him, it is a bit complicated. He has had a bitter clash with SEC in the past which was settled out of court eventually. Based on his antecedents, I don't believe SEC will approve the Scheme document as it stands especially not at such ridiculous terms. Literally, they were hell-bent on booting him out of office. SEC is the bottleneck in the whole process.

Refer to link below for the process and why he has not been able to produce the document the court requested. He doesn't have it yet. It is as simple as that. He is not the one stalling.

https://www.oandoplc.com/press_release/oando-plc-announces-proposed-scheme-of-arrangement/

"Consequently, we confirm that Oando has applied for the SEC’s ‘No Objection’ to the Scheme. Please note that the effectiveness of the Scheme is subject to the approval of the shareholders of Oando at the Court-Ordered Meeting of the Company, as well as the sanction of the Federal High Court. The terms and conditions of the Transaction will be provided in the Scheme Document which will be dispatched to all shareholders following the receipt of an order from the Federal High Court to convene a Court-Ordered Meeting. If the conditions of the Transaction are satisfied and same is sanctioned by the Federal High Court, the Company will be delisted from NGX and JSE and re-registered as a private company."

I hope the parties go back to the court and be like sorry oga judge, it's now a family matter. We will settle out of court.

My position on recent trading in the shares of Oando: I believe it's still a case of buying the rumour. News submitted to the NGX is the factual news not what is reported in the newspapers or online media. I'm not saying they are inaccurate but the market will attach more substance to news released on it's platform. Unfortunately, the signing ceremony for the NAOC deal is still pending so until then, completion of the deal can't be deemed official. I believe this is the reason Oando is yet to report this development. Same reason the JSE is yet to respond (no official news yet). This could be a major price catalyst once officially released.

ALL in my opinion

gbengafaro1986:
UCAP Trading N42 is wild

dpacificheraclx:
I have been following this group since 2020, when I started my NYSC. What I appreciate most about this platform is how everyone contributes and explains their investment views, sharing stock picks using both privileged and publicly available information without promoting any particular service. For the growth of this platform, I believe and humbly suggest we continue in this manner.

This platform is a free resource for all. I have great respect for Boss OGG, given his impressive and cautious stock picks and analysis of fundamentally strong companies. His insights, along with recommendations from notable members like Madam MCY, Chief Megawealth, Sir Agbalowomeri, and others, have guided me in my journey on the NGX, where all my trades have been profitable. This platform must remain as it has always been—providing everyone free access to the best information about companies and shares on the NGX.

Boss OGG can discuss his impressive stock pitches without mentioning the gains of his premium subscribers or friends at every opportunity. Such posts can come across as tactics to sell his products, which is not what this platform is about. If someone had posted similar content a few years ago, this platform might not have evolved to its current state; it could have fractured into chaos.

To rid this platform of future promotional posts — from him and others who are attempting to do so — I humbly request that Boss OGG continue to share his non-promotional investment views here as he has always done.

Posts promoting the success and quality of his stock picks available only to premium subscribers should be kept off this platform and shared on his personal social media profiles or through other means, such as paid ads on Nairametrics, Punch, and BusinessDay, he could also engage Twitter and TikTok influencers.

These are my views alone. Big respect to Boss OGG. This platform is a free resource for all.

mikeapollo:


I agree with most of your opinions, but you got one fatally wrong.
As regards the bolded, I don't understand what you mean by ''....the signing ceremony for the NAOC deal is still pending, so until then, completion of the deal cant be deemed official....''. This is false.

It is not the signing ceremony that validates or invalidates a contract transaction between two parties. A ceremony is not a factor to determine the completion of a deal. Not every organization is given to the idea of having a funfair or public shows when signing a business deal.
Once the basic ingredients of a contract: valid offer and acceptance, passage of consideration, legal, regulatory and other stakeholders (e.g. employee labour unions) approvals etc. have been achieved, the deal is done and sealed. The offer, acceptance and consideration have already been acknowledged and signed by the parties to the contract at the highest level and delivered to regulatory bodies e.g. NUPRC, SEC, FCCPC etc. They do not have to perform a ceremony in public or for the press.

How can lack of a public ceremony undo or invalidate a deal that NUPRC (which regulates both NAOC and Oando in the Nigeria upstream sector) has approved and announced as complete? The NUPRC, SEC, etc. are already in possession of legal documents that have been signed and sealed by official representatives of both parties. It is not the publicity or press ceremony that would validate the contract.

Heishere:


Make una leave Ogg alone. He has paid his dues. If he wants to advertise his premium service here he should go ahead. He deserves it. Who better to advertise to than people he has been serving for years? Man no go chop? If you don't want just ignore. The attack from these people need to stop. That's how they pursued Oracle from here and it is still paining me till this day... Make una leave our Ogas. We are not complaining...

naturalflow:
I won't be surprise if owowada enters full-offer before 11am.

Choiceguy:


This Oando matter, i bi like say village people is on top of the stock. Full bid today, tomorrow offer go full everywhere

gbengafaro1986:
UCAP Trading N42 is wild

megawealth01:


Na gamble na until the needful done

megawealth01:
Na gamble na until the needful done

mikeapollo:


I agree with most of your opinions, but you got one fatally wrong.
As regards the bolded, I don't understand what you mean by ''....the signing ceremony for the NAOC deal is still pending, so until then, completion of the deal cant be deemed official....''. This is false.

It is not the signing ceremony that validates or invalidates a contract transaction between two parties. A ceremony is not a factor to determine the completion of a deal. Not every organization is given to the idea of having a funfair or public shows when signing a business deal.
Once the basic ingredients of a contract: valid offer and acceptance, passage of consideration, legal, regulatory and other stakeholders (e.g. employee labour unions) approvals etc. have been achieved, the deal is done and sealed. The offer, acceptance and consideration have already been acknowledged and signed by the parties to the contract at the highest level and delivered to regulatory bodies e.g. NUPRC, SEC, FCCPC etc. They do not have to perform a ceremony in public or for the press.

How can lack of a public ceremony undo or invalidate a deal that NUPRC (which regulates both NAOC and Oando in the Nigeria upstream sector) has approved and announced as complete? The NUPRC, SEC, etc. are already in possession of legal documents that have been signed and sealed by official representatives of both parties. It is not the publicity or press ceremony that would validate the contract.