mikeapollo:


This is good!
Shareholders of Oando would not just sit idle and allow some shenanigans to take place in broad daylight.
Now we need to know and see faces of the people behind this attempt to rob innocent shareholders of their investments.

Mpeace:
My only fear is that the case will linger for longer time. Except their is a settlement out of court, be sure that the case won't be concluded this year.

Mpeace:
My only fear is that the case will linger for longer time. Except their is a settlement out of court, be sure that the case won't be concluded this year.

Streetinvestor2:
Oga ote didn't buy transcorp ,fbn and Dan cement based on TA at the various time he bought. He bought those shares strictly on FA which he equally mentioned, mostly for transcorp plc. Nobody here will equally tell us that TA saw the upward movement in those stock before ote entered.

And oga Emma here who has and continues to record great success does not base his dealings on TA unless I am wrong. He has never mentioned TA.So I am right to say billionaires no get time for TA

Mpeace:
My only fear is that the case will linger for longer time. Except their is a settlement out of court, be sure that the case won't be concluded this year.

yMcy56:
DANGFOODS
- We'd expected that Alhaji will use this for the Forbes list but he used DANGCEM instead...
- Now that SUGAR/SALT didn't submit UNAUDITED Report to NGX by 31st January......
- We may be looking at the 60 days window through which AUDITED should be submitted.......failure of which may attract sanction/fine.
- We'll be looking forward to end of February again for the reports or merger update, whatever be the case.
- Fingers crossed

yMcy56:

Lol. In this market, I've learnt never to say "never"...

When Oga Rabbi predicted ASI to reach +100k, and that some stocks will appreciate high in price....
One of our ogas here said, how can it be? That it can never happen even in 30yrs, but in less than 2years it happened!!

If anyone had said in a year's time, TRANSCORP will sell for N15, I'm sure many will say 'never' .....and come up with different theories of how it couldn't be so......this is same TRANSCORP that touched 19 despite the Tony/OS analysis paralysis here.

While not also in agreement with DANGFOODS reaching N350 in Q1 2024, I'll still not say it can never happen......but could just be a gradual movt overtime or year(s) sha.

veecovee:
Looking at today's price, salt is seriously lagging behind. Am begining to think there's something we do not know

yMcy56:

Honestly, this was what I'd expected.....either the Court strike out the case or the parties agree to settle out of court.
We may never know what could still happen sha.

From the stock body language, there seems to be more than the court case we are seeing.

PuristForest:
These people are market makers, they do not need TA, they make the markets, they are slow and methodical, they are called the composite investors. They are slow to make the market because they cannot drop all their monies in the market as it will spook the market as there are not enough liquidity to make their offers, so they buy OTC or spread their buys over a long period of time usually months and years.
In any case, as an professional analyst, you are trained to understand market makers in action, this is when the market is at its most boring moments building ranges, the price is not going up nor going down for a very long long time, usually years. Why? The reason is because the market makers want to accumulate as much as they can at those levels so that their average price will be low. IF Ote for instance makes it public that he will be entering a 1B position in Transcorp for instance, what do you think will happen, every one will start buying it and eventually his average price will be higher than desired. The thing about accumulation is that is so boring many retail investors like you and i are not really interested because there is little or no movement, the truth is that when the movement start, the composite investor is already in the market and taken his position and this when retail investors see the movement and jump in. The best time to get in the market is the ranges. I tell my friends Ranges are your best friends!!!

Streetinvestor2:
Oga ote didn't buy transcorp ,fbn and Dan cement based on TA at the various time he bought. He bought those shares strictly on FA which he equally mentioned, mostly for transcorp plc. Nobody here will equally tell us that TA saw the upward movement in those stock before ote entered.

And oga Emma here who has and continues to record great success does not base his dealings on TA unless I am wrong. He has never mentioned TA.So I am right to say billionaires no get time for TA

yMcy56:

This may be a positive twist to the whole Court saga....
* What was the prayer/request(s) of these ones joining the petition? We needed to know
If these additional shareholders are genuine ones and not acting the script, then OANDO may be made to sit on hot seat....
7.07 exit of 2021 no longer feasible
Whatever the case is, we ought to have clearer info before the next Court date.
*My opinion*

Locotrader:
It lost a whooping 1.20kobo today.Are you saying it's going back to 7.07?
This is the language I understand following your write up.

SonofElElyonRet:


Well if oando declares hefty profit during the pendency of the court case it would definitely shoot up the price astronomically... have you considered this?

yMcy56:

Opposite!
I don't personally see OANDO going back to below 10 again.
The activities today was normal, a reaction from disappointed minority investors whose high hopes were dashed due to the adjournment again.

I stand to be corrected anyway.....as we hand over the situation to Mr. Market to take care of .....in its own way.

Locotrader:
Do you think these results you are waiting for are not calamity waiting to befall on shareholders?

What makes you think oando will release a good result in the midst of court case?

KarlTom:
OandO

https://doclib.ngxgroup.com/Financial_NewsDocs/40318_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_FEBRUARY_2024.pdf

SonofElElyonRet:
Well if oando declares hefty profit during the pendency of the court case it would definitely shoot up the price astronomically... have you considered this?

Streetinvestor2:
What this simply means is wale wants to delist. This second set of shareholders is still wale just like the first that has refused to sell at #14 on the free Market thereby ending court
wahala. He has seen the #7 plus is no longer feasible to real minority shareholders. He wants to use this second group to call for another round of negotiations / offer using the court as cover

That means my #20 target is now guaranteed.Fear any company being run by a fraudulent lawyer as ceo

veecovee:

Looking at today's price, salt is seriously lagging behind. Am begining to think there's something we do not know

yMcy56:

Yes, because the last released improved report assisted in moving the share price above 7.....up to the 10naira region.

All these ones we are saying self, if we hear say Ote$$ entered OANDO, people go throway court case for one side first....

Make we just know say wetin I dey talk na "if" ooo, I never reach Wale's mind to know what his plan was/is......this is Caveat...

Locotrader:
Do you have Ote$$'s phone number?
There is need I book him for discussion on this oando issue.

Laso09:


People might be looking at time factor.
DS shareholders will have their share automatically converted to DF while those in NASCON might have to wait for theirs to be listed which might take some time.

Laso09:


People might be looking at time factor.
DS shareholders will have their share automatically converted to DF while those in NASCON might have to wait for theirs to be listed which might take some time.

Streetinvestor2:
What this simply means is wale wants to delist. This second set of shareholders is still wale just like the first that has refused to sell at #14 on the free Market thereby ending court
wahala. He has seen the #7 plus is no longer feasible to real minority shareholders. He wants to use this second group to call for another round of negotiations / offer using the court as cover

That means my #20 target is now guaranteed.Fear any company being run by a fraudulent lawyer as ceo

yMcy56:

The result will be much better compared to the previous ones.........if we consider some factors ooo.... including the last result released.

* One of it is the NNPCL's payment of N144bn or so, for the retail outlets.
Not saying they'll pay investors from this but, it can be used to offset some debts.....I think it's a plus for O&O.

I'm not their spokesperson anyway......just following on news and updates.

dapix:


Another round tripping to be done in April again, Thanks Oando, for cool 20% gain every court case event.

mikeapollo:


There is no need spreading rumours or fake news.
The new Oando shareholders are genuine shareholders. I got to know about this new case when someone mentioned it on Nairametrics. I google searched and I found the names of some of the new shareholders who have asked to be joined in the case. The details are online. Just search for it and read. They are not from Wale or anybody. They are Oando shareholders like you and I who may have the privilege and capacity to join the court case because they know what is at stake and want to prevent cheating.
It is not every time we come up with warped conspiracy theories against some ''rich'' or ''powerful'' men whenever something goes wrong. It distorts the capacity to do meaningful analysis sometimes.
You may be right to say that those earlier shareholders that requested for the buyout were from Wale, but the new set that have requested to join the case to oppose the delisting are genuine shareholders.

mikeapollo:


The 2022 result was very poor too!
There were hints to that effect in the 2021 accounts.
Oando will only turnaround with the release of 2023 results.

yMcy56:

Yes, because the last released improved report assisted in moving the share price above 7.....up to the 10naira region.

All these ones we are saying self, if we hear say Ote$$ entered OANDO, people go throway court case for one side first....

Make we just know say wetin I dey talk na "if" ooo, I never reach Wale's mind to know what his plan was/is......this is Caveat...

Locotrader:


Was the sell of Oando filling stations done in 2023?
What makes you to feel the 2023 audited result which will be release in 2026 will be okay?