Choiceguy:


Minority shareholder said the share can be acquired at the average price of Oando's share price On the NGX for a period of three months prior to the date of the court order in 2021.this line got me think ,if it is true;that is why some Ogas like Agba,currentprice has refused to look towards wale and his Oando.abeg make market open make I sell my own sharp! Sharp!!

People go still make more money 2 or 3 times before the court date.Jijo is now activated in oando

Choiceguy:


Minority shareholder said the share can be acquired at the average price of Oando's share price On the NGX for a period of three months prior to the date of the court order in 2021.this line got me think ,if it is true;that is why some Ogas like Agba,currentprice has refused to look towards wale and his Oando.abeg make market open make I sell my own sharp! Sharp!!

Lets hope the reported did not quote them well

Send them a mail. I got my certificate since though I bought through a commercial bank

Ibrahim505:

There's no feedback from either DMO or Morgan capital since I subscribed to the latest Sukuk bond-no any certification or acknowledgement of investment. Is it normal? @emmanuelewumi

Choiceguy:
Minority shareholder said the share can be acquired at the average price of Oando's share price On the NGX for a period of three months prior to the date of the court order in 2021....abeg make market open make I sell my own sharp! Sharp!!

Abeg go sell sharp sharp make people wey remain know themselves...

Funny how you think something of 2021 will still be prevalent in 2023 or even 2024......and funny how you think the remaining minority shareholders will agree to 7.07 with the level of inflation from 2021 till date...

Read the OANDO FAQ very well and try to put two dots together....

Part of the excerpt reads that "if the remaining minority shareholders agree to it".
Now tell me how the remaining shareholders will agree to 7.07 when the market value as at yesterday is reading 11+.......and more importantly, when majority of them bought above 20 self...

yMcy56:

The guy seems to know about court processes like "Mpiss" said .....seems he's a lawyer or have Court insider info too.

But come to think of it, from TheCables report, this Court Case seems to be between OANDO and the 14 minority shareholders -the petitioner, and not probably with all minority shareholders..... based on the writeup

We needs to get clear information on this case to know Oando's stand actually.

https://www.thecable.ng/court-adjourns-hearing-on-oandos-minority-stake-acquisition/amp

OANDO FAQs
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.oandoplc.com/wp-content/uploads/2022/08/Oando-FAQs.pdf&ved=2ahUKEwjRgNu1uOiCAxXXQEEAHRi3A2MQFnoECAsQAQ&usg=AOvVaw0MpzLgpQfThWMGbcg4yhIE

This is a new angle to me.This could be an isolation case if truely it is not wale behind the delisting. Why are they asking for average of price within 3 months instead of highest market price within three months which I think is the standard. What are we really missing in the whole thing

yMcy56:

Abeg go sell sharp sharp make people wey remain know themselves...

Funny how you think something of 2021 will still be prevalent in 2023 or even 2024......and funny how you think the remaining minority shareholders will agree to 7.07 with the level of inflation from 2021 till date...

Read the OANDO FAQ very well and try to put two dots together....

Part of the excerpt reads that "if the remaining minority shareholders agree to it".
Now tell me how the remaining shareholders will agree to 7.07 when the market value as at yesterday is reading 11+.......and more importantly, when majority of them bought above 20 self...

Oando has a risk - reward profile that is very attractive to risk taking bargain hunters. I guess this is one of the reasons the trade volumes has been high this year especially in the last 3 months thereabouts.

Should the price drop below N11 I will look for a stock to sell so that I can buy more Oando.

Streetinvestor2:
This is a new angle to me.This could be an isolation case if truely it is not wale behind the delisting. Why are they asking for average of price within 3 months instead of highest market price within three months which I think is the standard. What are we really missing in the whole thing

Now I see someone thinking along my path too......
Something is really missing in the whole story......especially with these 14 minority shareholders.....
Wale didn not have plan to delist from the whole story...
There's some kind of mind game going on, which, if remaining minority investors are not careful, they'll end up playing into Wale's hands.

* Besides, which kind judgement the judges dey judge self since 2021, if not that something is fishy there?

BabsO2:


Oando has a risk - reward profile that is very attractive to risk taking bargain hunters. I guess this is one of the reasons the trade volumes has been high this year especially in the last 3 months thereabouts.

Should the price drop below N11 I will look for a stock to sell so that I can buy more Oando.

Since the last AGM approved the Auditors for 2022 & 2023, the 2022 may come late. Perhaps in Q1 next year. Or 2022 & 2023 may come out together in 2024 Q1 or latest Q2.

Heavy cross deals in GTB.....
1.66Bn staked on it as at now...

This NSLTECH, hhmmm....hope those buying here did their homework sha.....
I no wan say anything o.

MECURE: They don push am to their desired price, na to dey cash out on top retailers remain....

Sunu Assurance 1.49
@customstreet

Anxiety and indecisions ongoing in oando right now.

Should I sell or wait going on in peoples mind

No much supply and no much demand.

yMcy56:
Heavy cross deals in GTB.....
1.66Bn staked on it as at now...

This NSLTECH, hhmmm....hope those buying here did their homework sha.....
I no wan say anything o.

MECURE: They don push am to their desired price, na to dry cash out on top retailers remain....

At present, Mecure has stocks worth 3.5 million naira (320,853 units) available. The manipulation has not yet ceased, you can purchase the stocks now and be assured of a minimum return of 700,000 naira by the middle of next week.

Locotrader:
Anxiety and indecisions ongoing in oando right now.

Should I sell or wait going on in peoples mind

No much supply and no much demand.

Different people have different target prices for it on the sell and buy side. Overall the market price trend seem to be creeping up small small. Perhaps till a major pronouncement is made. It will be nice to know if those linked to management are secretly mopping it up.

BabsO2:


Different people have different target prices for it on the sell and buy side. Overall the market price trend seem to be creeping up small small. Perhaps till a major pronouncement is made. It will be nice to know if those linked to management are secretly mopping it up.

Yesterday and today is good for bargain hunters to push it down to 10+ but seems it is hard to do.As it stands now I am ready to take more risk if the volume increases today @ gain side

BabsO2:
Oando has a risk - reward profile that is very attractive to risk taking bargain hunters. I guess this is one of the reasons the trade volumes has been high this year especially in the last 3 months thereabouts.

Should the price drop below N11 I will look for a stock to sell so that I can buy more Oando.

Junction 12 is very crucial to OANDO share price......
If it can overcome that junction, then it will move up more......
No be me talk am oo, na the analysts....

**Make nobody talk say Mcy say anything o....it's all at owner's risk......Na OYO everybody dey for now...

NEIMETH @1.82 in market.....

Bank recapitalization: Presidency backs CBN....
Investors inject N110B on f.u.g.a.z in two days....
https://www.nairaland.com/7925273/bank-recapitalisation-presidency-backs-cbn

yMcy56:

Junction 12 is very crucial to OANDO share price......
If it can overcome that junction, then it will move up more......
No be me talk am oo, na the analysts....

**Make nobody talk say Mcy say anything o....it's all at owner's risk......Na OYO everybody dey for now...

When offer is more than bid today,it is now for loco and his jijo gangs waiting at circular 9

Good day my Bosses in the house, I have a friend with a pending issue and he is stuck without knowing how to proceed.
So he has shares on NASD with meristem stockbrokers, he wants to sell, for the past three weeks meristem hasn't gone through with the order claiming it is an issue with CSCS. Is there anything he can do or he should just wait it out till they execute the order..

Thanks for your prompt response

Choiceguy:


When offer is more bid today,it is now for loco and his jijo gangs waiting at circular 9

If oando go below 11.50 I will not touch it again.If it trades above 11.50 at a good volume,I will trade.

The Tasere units I already have is left for is or was.

SHELL HOLDERS

lasisi:


Comparing a stock with great fundamentals, paying fantastic dividend every year to dead stocks. Once again, I pity the shell holders.

Mpeace:
I hope this screenshot is not correct. I got it from the link you posted above. Especially the second paragraph

My response is neither fundamental, technical, or even sentimental analysis. I call this situation analysis.
How right or wrong it is will only be proven by time as no one knows exactly what is going on with Oando.

If this link is true and the actual status, this is a completely different angle from what has been assumed and debated about Oando all along here.
If 14 minority shareholders want to be bought out, and a specific number of shares was stated, that does not mean the entire minority shareholders of Oando are in court.

Now I am thinking this isolated case has been deliberately blown out of proportion or misreported for selfish reasons to appear as though it is Oando Vs the entire minority shareholders, just to get the generality of minority shareholders to sell off out of panic including those who bought at N5 to happily sell off at their more than 200% profit so they can keep mopping up to their satisfaction, before letting Oando rise to whatever price it should be.

With the court hearing adjourned to as far as February 2024, that further confirms there’s a deliberate attempt to prolong the suspense, uncertainty and fear until they are done buying.

The heavy volume traded in the last one year says a lot about how much money is available to keep buying at the moment.

The battle for the soul of Oando rages on, as we watch the spectacle.
Should this be the real status, holders of Oando who can stay on will hit the jackpot that awaits with their perceived business turn around.

dotstay01:
Good day my Bosses in the house, I have a friend with a pending issue and he is stuck without knowing how to proceed.
So he has shares on NASD with meristem stockbrokers, he wants to sell, for the past three weeks meristem hasn't gone through with the order claiming it is an issue with CSCS. Is there anything he can do or he should just wait it out till they execute the order..

Thanks for your prompt response

He has to wait and keep renewing the order. Please note NASD platform is not as active as NGX. Transactions are always very few. Buyers and sellers are not as much as they' are on the NGX.

Thanks very much

emmasoft:


He has to wait and keep renewing the order. Please note NASD platform is not as active as NGX. Transactions are always very few. Buyers and sellers are not as much as they' are on the NGX.

OakPearl:


My response is neither fundamental, technical, or even sentimental analysis. I call this situation analysis.
How right or wrong it is will only be proven by time as no one knows exactly what is going on with Oando.

If this link is true and the actual status, this is a completely different angle from what has been assumed and debated about Oando all along here.
If 14 minority shareholders want to be bought out, and a specific number of shares was stated, that does not mean the entire minority shareholders of Oando are in court.

Now I am thinking this isolated case has been deliberately blown out of proportion or misreported for selfish reasons to appear as though it is Oando Vs the entire minority shareholders, just to get the generality of minority shareholders to sell off out of panic including those who bought at N5 to happily sell off at their more than 200% profit so they can keep mopping up to their satisfaction, before letting Oando rise to whatever price it should be.

With the court hearing adjourned to as far as February 2024, that further confirms there’s a deliberate attempt to prolong the suspense, uncertainty and fear until they are done buying.

The heavy volume traded in the last one year says a lot about how much money is available to keep buying at the moment.

The battle for the soul of Oando rages on, as we watch the spectacle.
Should this be the real status, holders of Oando who can stay on will hit the jackpot that awaits with their perceived business turn around.

This is a highly informed piece on the possible situation on Oando.
If the court case was specifically for 14 minority shareholders, I am still yet to read any specific court order/judgement to that effect.
But Wale told the AGM that Oando was forced by SEC to settle some shareholders to the tune of USD600m!
Was that settlement sequel to a specific judgement by the court, or purely an out-of-court settlement?
And if the 14 minority shareholders are no longer in the picture, then why is the case still being adjourned farther in court and not struck out? Who is still representing the `14 minority shareholders in court?
Like I said earlier, this Oando matter is full of some possible shenanigans, manipulations, whims, caprices, sentiments, suspense, dealings etc.

OakPearl:


My response is neither fundamental, technical, or even sentimental analysis. I call this situation analysis.
How right or wrong it is will only be proven by time as no one knows exactly what is going on with Oando.

If this link is true and the actual status, this is a completely different angle from what has been assumed and debated about Oando all along here.
If 14 minority shareholders want to be bought out, and a specific number of shares was stated, that does not mean the entire minority shareholders of Oando are in court.

Now I am thinking this isolated case has been deliberately blown out of proportion or misreported for selfish reasons to appear as though it is Oando Vs the entire minority shareholders, just to get the generality of minority shareholders to sell off out of panic including those who bought at N5 to happily sell off at their more than 200% profit so they can keep mopping up to their satisfaction, before letting Oando rise to whatever price it should be.

With the court hearing adjourned to as far as February 2024, that further confirms there’s a deliberate attempt to prolong the suspense, uncertainty and fear until they are done buying.

The heavy volume traded in the last one year says a lot about how much money is available to keep buying at the moment.

The battle for the soul of Oando rages on, as we watch the spectacle.
Should this be the real status, holders of Oando who can stay on will hit the jackpot that awaits with their perceived business turn around.

I said i wont comment about Oando again, but when I read stuffs like this I just shake my head.

Do you think this people / CEOs give a damn about minority shareholders? Only a few my brother. Ask those that also saw potentials and hope in AIICO then compared to Custodian & AXA.

If you have Oando hold and nobody should make you sell. If you make money great and if you don't, its all part of a learning process.

dotstay01:
Good day my Bosses in the house, I have a friend with a pending issue and he is stuck without knowing how to proceed.
So he has shares on NASD with meristem stockbrokers, he wants to sell, for the past three weeks meristem hasn't gone through with the order claiming it is an issue with CSCS. Is there anything he can do ogr he should just wait it out till they execute the order..

Thanks for your prompt response

Very few stocks are liquid on NASD.


Afriland Properties

Niger Delta Exploration

CSCS

Friesland Wamco

Seplat holders, its another 10% today. Up by 210. Tò 2310
Its slow but steady for us.

BabsO2:


Different people have different target prices for it on the sell and buy side. Overall the market price trend seem to be creeping up small small. Perhaps till a major pronouncement is made. It will be nice to know if those linked to management are secretly mopping it up.

The next pronouncement will be conclusion of the deal with Naoc. This might happen before Feb 2024 since oando already has the fund for the purchase.

My attempt at MH.

ositadima1:


I told you so, right? More than 320,000 units were available, and people were queuing up at 10 naira, LOL. This was the easiest money because tomorrow it's going to do another 10%.

Like I said with full chest, 3.5 million would have returned nothing less than 700,000 guaranteed in a few days' time. Oh, well, now it's gone. The 97% major holding has not yet started touching the market, so ₦30 and above is very likely. I'm going to go back to my hole and let the Oando people continue their biker.

This is more reason fidson has to shift body. I would have believed that fidson would have been the market leader in that industry, but the way things are playing out, it could be mecure.

thebargainhunte:
This is more reason fidson has to shift body. I would have believed that fidson would have been the market leader in that industry, but the way things are playing out, it could be mecure.

MECURE is pure insider manipulations....
Correction will still take place by the time it goes round.....

Meanwhile, there's quite a lot of accumulations and cross deals in TRANSCORP, closed @6.83
Also, from tomorrow, Neimeth should be good for pick.for bargainers......some guys were rushing it last week and it went above 2.40, could be that there's some news who knows...