sky2891:

98% of Revenue

yMcy56:
OANDO
Gets $800M loan for NAOC acquisition
https://thenationonlineng.net/oando-gets-800m-for-naoc-acquisition/

AIRTEL
Pegs interim Dividend exchange rate @858.24
https://punchng.com/airtel-pegs-exchange-rate-for-interim-dividend-at-n858/

UBN
Titan Trust takes over Union Bank, to delist from NGX
https://www.thisdaylive.com/index.php/2023/11/15/titan-trust-bank-takes-over-union-bank-to-delist-from-ngx

** Old naira notes remains legal tender indefinitely
https://sunnewsonline.com/old-new-naira-notes-remain-legal-tender-cbn/
** Oando, five others to cut NGX cap by N45bn
https://punchng.com/oando-five-others-to-cut-ngx-capitalisation-by-n459bn/

emmanuelewumi:



When is next Forbes rating

megawealth01:


Something is fishy in this OANDO gamble... I think newbies should stay away while gamblers play

emmanuelewumi:




You can't win insiders in their game, if they want to delist and minority investors frustrate the plan the minority investors will lose at the end of the day.


The best thing is to invest in shareholders centric businesses

mikeapollo:


It is good that the loan is from Africa EXIM bank and not from commercial banks.
This is good news for the company and will definitely help boost Oando's performance.
The only thing that remains is peaceful environment in the Niger Delta for smooth operations

mikeapollo:


The SEC holds the ace in this. If the SEC decides to implement the rules as is, there is nothing Wale and his gang could do. Wale himself confessed that the SEC forced Oando to pay about $600m to some former shareholders contrary to Oando's management opinion on the matter.

mikeapollo:


It is good that the loan is from Africa EXIM bank and not from commercial banks.
This is good news for the company and will definitely help boost Oando's performance.
The only thing that remains is peaceful environment in the Niger Delta for smooth operations

sky2891:

I still recall that how OANDO will raise money to finance the ENI transaction was discussed here.
Either by rights issue or more borrowings. OANDO has now borrowed.
During the 44th AGM, Wale told shareholders that sales proceeds from sale of OANDO retail outlets to NNPCL was used to significantly pay down the huge outstanding obligations/borrowing.
With this loan from AFREXIM, OANDO loan balance building up again.
However, it is a good borrowing in my opinion considering the fact it's coming from Afrexim Bank and also the deal for which the borrowing is meant for is profitable both in the short and long term.
Additionally, Since OANDO revenue is now majorly in foreign currency, the repayment will need no Naira conversion to foreign currency before repayment. This mitigates the risk of FX losses due foreign currency borrowings/obligations.

These are just my thoughts

ProphetUtuocha:
Oando! Oando!! Oando!!!
Just remember that those buying are not fools
Just remember that very soon, folks will seek for Oando and will not find it.
A season of great wind on Oando's back is coming!

Locotrader:
LOCO STOCK TO WATCH FOR 100% RETURN.
TIMEFRAME: NOVEMBER 2023 TO DECEMBER 2024.

REASON TO BUY: Economy diversification and Govt policies.Sector to contribute to our GPD in 2024 and beyond.

Expecting partnerships, foreign investments, fund raising in this particular stock.

I am pointing based on Q3
Revenue for Q3 is 388m.To increase in quarters to come.
Profit after Tax:166m
Eps: 0.39
OS: 426m units
Market cap: 1.3B
Share price: Was 2.90 some days ago and 3.19 now
Free float:52%.....only 225m units available for trading.

This stock might be illiquid but people will scramble to get it at high price.Decode this stock and look for it.

Do your DD.I have done mine.

mikeapollo:


The SEC holds the ace in this. If the SEC decides to implement the rules as is, there is nothing Wale and his gang could do. Wale himself confessed that the SEC forced Oando to pay about $600m to some former shareholders contrary to Oando's management opinion on the matter.

yMcy56:
^^^
Multiverse.

mikeapollo:


It is good that the loan is from Africa EXIM bank and not from commercial banks.
This is good news for the company and will definitely help boost Oando's performance.
The only thing that remains is peaceful environment in the Niger Delta for smooth operations

Streetinvestor2:
I agreed with what you assumed. I only expect it max Feb 2024

thebargainhunte:

I thought as much, but the os is over 4b.

emmanuelewumi:



Referring to insiders ability to deliberately destroy value. But they will always create value and wealth for themselves


I reluctantly sold my Oando shares at between N20 and N25 about 10 years ago.

BabsO2:


Abi nah this Africa EXIM loan announcement is what is giving some money bags more confido to bid OANDO up again ?
Within minutes of market open N100m worth of offers already mopped up. Now N263m worth already traded in less than 1 hour and there are currently no more offers. Let's see if new offers will show up.

yMcy56:

Share reconstruction was done last year or in 2021, can't remember well now.

- 4.26bn OS was reconstructed and around 3.84Bn was cancelled.....in ratio 10:1
We were discussing it here that time nah, when it was trading at 20/23kobo or so.
Some NSEMPAS may still remember...
@Nigerialabalaba even pointed it out long before now self.
We'll keep watching out for Q4 result anyway.

yMcy56:

Share reconstruction was done last year or in 2021, can't remember well now.

- 4.26bn OS was reconstructed and around 3.84Bn was cancelled.....in ratio 10:1
We were discussing it here that time nah, when it was trading at 20/23kobo or so.
Some NSEMPAS may still remember...
@Nigerialabalaba even pointed it out long before now self.
We'll keep watching out for Q4 result anyway.

thebargainhunte:

Thank you for the clarity, I have not have time to check their quarter report. The multiverse and japaul will make some people millionaires next yr.

emmanuelewumi:

thebargainhunte:

Eroded value. Imagine someone that bought the share from you then hoping for bumper harvest all to see himself begging to recoup his capital after 10yrs. Oando has no business to delist less than #50 cause the pains and eroded value it caused it's shell holders.

4tunebest:


Good morning sir.

Please I want to enquire about other mutual funds such as the Balance Fund and Equity Fund which are both over 30%. I know the specific details about these funds, but what I need to know is if there are hidden charges because it seems a very juicy offer when compared to Money Market Fund which is just about 9%.

I anticipate your feedback sir, and any other person who can assist in providing the required clarification.

Thank you very much for your time

megawealth01:
For those that will take my advice in trading... Once a stock reaches 10% just forget it... Don't buy especially if it's gambles... Always buy it before the rally by so doing you won't be trapped