toyeoye:
Nigeria to Issue $500m Domestic Bonds to Investors today?

mikeapollo:


Lol! Anything is possible. Don't be surprised if you see the Ondo's price going down towards N10. There are people that would want that to happen so they can buy more, and I am one of them.
What matters now is individual preferences and focus. Short term gains/gamble; or long term massive profits?

The industry/sector that Oando belongs to is the money-spinning one, if one allows his/her investment to mature.

toyeoye:


https://nairametrics.com/2024/08/15/nigeria-to-issue-500-million-domestic-dollar-bond-on-monday/

Choiceguy:


It is unfortunate that most of us fail to listen to that call of 400% even when they were seeing it on paper profit. Oando on a free fall by next week will be selling below 30

Now everyone is shouting I will load more if
price goes beyond a particular amount.

That's how gamble stock behave

Choiceguy:


It is unfortunate that most of us fail to listen to that call of 400% even when they were seeing it on paper profit. Oando on a free fall by next week will be selling below 30

Now everyone is shouting I will load more if
price goes beyond a particular amount.

That's how gamble stock behave

mikeapollo:


For me, Oando has transited from being a gamble to a strategic investment, the moment the court threw out the request for buy-out by the 14 minority shareholders.

Streetinvestor2:
what do they need it for.Townhall and his gang of thieves are tired of stealing in naira.They want to finish the country to the fourth generation.I hope Buhari does not turn out to better than this man.

mikeapollo:


For me, Oando has transited from being a gamble to a strategic investment, the moment the court threw out the request for buy-out by the 14 minority shareholders.
What happened just recently on NGX should be an eye-opener to all gamblers/investor! There is huge, but latent interest in Oando and the price can possibly make a constant 10% gain on daily basis for 3-4 weeks if they release good results!
Just let's wait until they release full year results for 2024 and half year for 2025.
People may not find it to buy at N50 or more.

olig:
I wouldn't have replied, but your last sentence makes me angry. What do you mean by that?

And na wetin dey even pain me be that; anytime I imagine how Buhari will be laughing us now
Right now Buhari is feeling like a super man, hero and genius at the same time, despite that he brought us here.
And na that his smile and laughter dey make me vex anytime I imagine how he will be feeling right now.

Na joke I dey o but it is true.

emmanuelewumi:



I won't advice you to make it a long term play until the picture is clearer, enjoy the capital appreciation and remember to book profit.

The company will be recapitalized and i won't be surprised if the current holders will own 5% of the recapitalized business

Check out the shareholders fund @ almost negative N200 billion

Streetinvestor2:
what do they need it for.Townhall and his gang of thieves are tired of stealing in naira.They want to finish the country to the fourth generation.I hope Buhari does not turn out to be better than this man which I never anticipated in my life

Streetinvestor2:
I cannot remember this happening yet.Though I have the strongest reason that it will happen

mikeapollo:


Thanks, advice taken.
My context of ''long-term'' is not necessarily to keep it for dividends. No! But I want to keep for a while and sell at a higher price relying on the rally after they release some good results for FY2024 or mid year 2025.
The final destination of my funds will be to buy FG treasury bills and collect huge interest upfront, but Oando is the stock that can surely give me the kind of capital gains that I am targeting between now and then.

ndept:
No mind them. I don't know what is so special in Oando going down or being on offer, after all, it was on bid for weeks too. Meanwhile, be on the look out for anyday or time the offer start to dry, there is money to be made there if one is lucky to pick before the offer dry up.

emmanuelewumi:



I won't advice you to make it a long term play until the picture is clearer, enjoy the capital appreciation and remember to book profit.

The company will be recapitalized and i won't be surprised if the current holders will own 5% of the recapitalized business

Check out the shareholders fund @ almost negative N200 billion

mikeapollo:


Thanks, advice taken.
My context of ''long-term'' is not necessarily to keep it for dividends. No! But I want to keep for a while and sell at a higher price relying on the rally after they release some good results for FY2024 or mid year 2025.
The final destination of my funds will be to buy FG treasury bills and collect huge interest upfront, but Oando is the stock that can surely give me the kind of capital gains that I am targeting between now and then.

mikeapollo:


The judgement of the Court is available in newspapers and online. All it would require is a few minutes to search, read and be very aware.
The certified true copy of the judgement can also be obtained from the Court Registry.

For emphasis, the Court has thrown out the request of the 14 minority shareholders for Oando to buy-out all minority shareholders. That is part of the reason for the price rally in the last few weeks.

thebargainhunte:


O and O wey go sell above #150 before May 2026

Streetinvestor2:
Good point out.I didn't buy based on any result because thr was no current one.My buy was based on different reasons as my own DD.Funny enough it was what I used too to buy IB.It was because I wanted to know what is really eating up thr revenue as the street suggests they should be making big returns.I decided to go through the last H1 result. And behold I saw the problem .which is cost of sales,administrative expenses and biggest realised forex loss.

emmanuelewumi:




Do you know what it means to have a negative shareholders fund?

Return on equity will be negative, Return on Invested Capital will be negative.


As earlier said the company will need to be recapitalized through Right Offer to the tune of over N300 billion.

Having a public offer or special placement might wipe out the current holders

thebargainhunte:


O and O wey go sell above #150 before May 2026

Adinije:
Speaking of Negative shareholder equity, pls how is it likely play out in dangsugar

emmanuelewumi:
I recommend this book. It will expand your investment knowledge and wisdom

oyamhe:
.

Is it available in any book or online store in Nigeria ?

emmanuelewumi:
If you are investing with figures, facts, knowledge and information you can afford to be greedy.

But if you are gambling with emotions or doing follow follow, it is better to book profit when the opportunity comes

Streetinvestor2:
The judgement I am aware of is that of the second set of shareholders who asked to be joined in the suit which was delivered in thr favour. The first case which I believe was by the 14 guys is yet to be determined and I believe was adjourned for October. Though I believe it is now dead on arrival by recent events. Don't be taking oando issues personal.If I am wrong you could show the link

emmanuelewumi:



Wait for the next quarterly result to see if it reducing or increasing. I think it should come positive this year.


That of Oando had been increasing over the past 6 years