yMcy56:

Don't mind Mega, kept shouting na gamble and he no gree commot for inside the bus. 😀

As for the capital raise, I also sense this.
We see how it goes sha.

Emndy:


OANDO wer go do another round of full bid on news soon, maybe even today or monday.
NB: i don't own a single unit. Good luck to all speculators in the house. Another round of full bid is coming but Just know when to jump out.

mikeapollo:


My man, @Megawealth01, you are one of the people that I admire and have huge respect for on this platform, because your discussions and comments are always friendly, cordial and devoid of the usual shenanigans on this platform.

I would advise, if you allow me, that it may be too late to wait until the needful is done. You already know how the market operates.(the ''needful'' may not be done on time, so as to discourage people while others use the opportunity to amass more units)

So let me give you the advise that you gave me: use what you can plan with to take position in Oando now.

I am suspecting that Oando would either come to the market soon to raise funds (through rights or public offer) or issue bonus shares to shareholders, which would make the price to skyrocket.

yMcy56:

Mega, no need repeating this line everytime.....
Those in OANDO knows this and are determined to see tonthe end of all these.....

You're just going back and forth.
Pullback here and there is allowed, make all of you allow this poor stock breathe Biko 😁
How will Peter be able to enter if there's no pullback? 😁

It has approached another important junction, a catalyst may again come in any moment to shoot it above KM 20.......could even be the positive momentum now.

gbengafaro1986:
UCAP Trading N42 is wild

Choiceguy:


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

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

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.

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:


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

mikeapollo:

My ''Oando Prophet'' is balling.
I knew Oando has huge prospects since over 2-3 years ago when I started accumulating; but the confidence and assurance in your comments/predictions about the company gave me added vibes.

Please release the hints on the new jewel that you said you have.

mikeapollo:


For Oando, I have already spared/risked what I can plan with!

Raider76:


What's important now is what's going on on the floor of the NGX. Let's see how far the rally goes.

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!

megawealth01:
Court says Oando minority shareholders cannot be forced to sell their shares

https://www.google.com/amp/s/nairametrics.com/2024/07/18/court-says-oando-minority-shareholders-cannot-be-forced-to-sell-their-shares/%3famp=1

Princkez:
prophet you too much....please were is your church?I want to be a member.

Testimonies777:


E ku market OANDO & UCAP o!!

Meerahbel:
I sold out of anger as it was not moving. No regrets sha

Agbalowomeri:


Let me bring you the Ichimoku cloud to see

mikeapollo:


You these experts have come again with your analysis and charts! Lol!
I can smell value in an upstream oil and gas company from afar!

The cloud over Oando has been blown away (at least for now and in the short term) but people are still in state of inertia!

mikeapollo:


The ''Oando Prophet'' is laughing at his doubters!
Please drop more ''Prophetic insights'' if/when available

mikeapollo:


The news came late yesterday. Most people got to know only this morning., and today is 18th.
The bids may not skyrocket suddenly but the price will surely cross the N20 mark soonest.
If the company should make profits for Q2 2024, then the price and bids can jump sporadically! People should plan for the long term if they really want to make big profits from Oando

mikeapollo:


Some people are waiting to buy more Oando at their preferred price range.
Let those that want to dump start asap

Agbalowomeri:


I may be wrong o. Just an observation

Oando full bid volume wey no enter 50million is suspicious

Raider76:


Alhaji is too busy with Refinery which he said is giving him grey hair.

Agbalowomeri:


Dumping go start tomorrow in Oando from the weak volume I am seeing.

KarlTom:
At this time t, whatever will happen to the remaining shareholders will be based on the highest closing price in the last few months...

So it's still a fairly safe gamble...

cocolacec:


Please continue to update us on the latest trends in the stock market.

KarlTom:
The way you are peppering OandO doubters ehn, some might end up selling their properties to jump in the bus