Agbalowomeri:


Na FBNH go fall to 5.5
I still dey wait after Una finish dealing with unasef

Agbalowomeri:
Dangcem don carry ASI up
Na Transcorpse go bring am down Lol
Zenith @25 February 29

Agbalowomeri:


Na FBNH go fall to 5.5
I still dey wait after Una finish dealing with unasef

Hedgefunds:


Oando currently Trades At 20.00 rands which is equivalent to N1,600

But you think shareholders will accept 0.083 rands equivalent of N7.07

20 South African Rand equals N1,629.69
0.083 South African Rand equals N7.07

NOTE" 1 RANDS IS EQUAL 82 NAIRA....but oando is trading @ 20 rands.

Hedgefunds:


Oando currently Trades At 20.00 rands which is equivalent to N1,600

But you think shareholders will accept 0.083 rands equivalent of N7.07

20 South African Rand equals N1,629.69
0.083 South African Rand equals N7.07

NOTE" 1 RANDS IS EQUAL 82 NAIRA....but oando is trading @ 20 rands.

onegentleguy:


No you're clearly mistaken.

Take a closer look at that image again. What you there there is ZAC not ZAR.
...there's a difference between the 2.

ZAC implies cent while ZAR is the rand equivalent of the South African currency.
1 ZAC = 1 cent, and 1 ZAR = 1 Rand or 100 cent.
By rationalization, 1 ZAR = 100 ZAC... and 1 ZAC = 1/100 or 0.001 ZAR or Rand.

You can see ZAC as kobo and ZAR as your Naira.

OANDO JSE is trading @ 20 ZAC, which is the equivalent of 20/100 or 0.2 ZAR or Rand.
The reason you saw 20 ZAC is because the stock was pegged in cent.

Using the current Naira to Rand Fx rate of N81.48 to 1 Rand, 0.2 Rand = 81.48 x 0.2 = approx N16.3
So OANDO JSE trades @ N1.1 or 7.2% premium above it's NGX CMP of N15.2. [(16.3--15.2)/15.2]
...that's still a good thing.

That said, am also bullish on the coy like you. I did highlight the potential in the coy @ N4+ and subsequently @ N7+. Those who subscribed to my outline recommendations and investment guide--Series 1 knew what they had to do. I was quite specific about the asset.

I laugh really hard when people infer a possible delisting. ...something that was already dead on arrival. It's as if they couldn't read the hand writing on the wall.

There's a reason the coy jumped by over 122% on JSE bourse in one day.
OANDO will go places. But then again, some things are better left unsaid.
...it's a midterm play!

CAVEAT: NOT to be inferred as any sought of investment advice. The need for due diligence should still take higher precedence ahead of this post.

Regards

vacanci:


And ur expectation came to pass abi?

Agbalowomeri:


Dangote Foods life matters 😂

vacanci:


And ur expectation came to pass abi?

chillykelly86:


Please where do you access historical data like this?

delvzy:
This quotation in () actually signifies loss after tax and not profit after tax (PAT). The same goes for the EPS

yMcy56:

Personally not expecting dividend from this 3, but who knows, there may be surprise. Think they may just be getting positive momentum due to improved results.

* Veritas is out
* MB and Regency still expected

https://doclib.ngxgroup.com/Financial_NewsDocs/41356_VERITAS_KAPITAL_ASSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

Hedgefunds:


Oando currently Trades At 20.00 rands which is equivalent to N1,600

But you think shareholders will accept 0.083 rands equivalent of N7.07

20 South African Rand equals N1,629.69
0.083 South African Rand equals N7.07

NOTE" 1 RANDS IS EQUAL 82 NAIRA....but oando is trading @ 20 rands.

megawealth01:
OANDO and gambles eh... We go explain tire... Na only Wale go decide las las

Mankind2024:


Your information about OANDO's closing price in JSE was incorrect. OANDO actually closed at R0.20 ZAR, not R20 as you stated. This was either an error or an omission of accurate information."

KarlTom:
One insurance I have about this OandO is this: if delisting should happen, it can't be at 7.07 rather it will be at the highest closing price in the last 6months (if the rule book is to be followed)...

Every mallam to his kettle...

Streetinvestor2:
Though delisting is rarely going to happen again for so many reasons. And even with the slightest possibility. Wale must pay me my #20.This is sure bet in my bet naija stock because it will touch #20 before the next court case..l am expecting a withdrawal/discontinuity of the case from Wale left hand called minority shareholders

Streetinvestor2:
Though delisting is rarely going to happen again for so many reasons. And even with the slightest possibility. Wale must pay me my #20.This is sure bet in my bet naija stock because it will touch #20 before the next court case..l am expecting a withdrawal/discontinuity of the case from Wale left hand called minority shareholders

Agbalowomeri:


You wan join aproko geng too

talk2me2:
New finance officer. Poor result suspected.

talk2me2:

https://doclib.ngxgroup.com/Financial_NewsDocs/41471_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JUNE_2024.pdf

Coolcash1:
Stocks pick for the week...

~ FBNH failed to sustain bullish momentum upon pull back...bears might attempt to push price down sub N20 before attracting bargain hunters.

~ Lasaco looking set for a decent run. Any price below N2.20 is good entry for insurance stock lovers.

~ MTN needs to retest previous low before a push to the upside. value zone is sub N190.

~ Transcorp plc bullish close last week looks attractive and very compelling to dive in. currently trading in value zone.

~ WB continues to be mopped up by smart money. accumulation phase now seems to be over. Entry price of >N6.70 is a steal.

~ Jaiz Bank remains hard for bears to crack. At current price, is cheap and ripe for some decent run to the upside.

~ Stanbic faced rejection at every attempt to cross above the N60 stubborn price level. Price to retest previous low (sub N46) before upward reversal.

~ Champion Breweries- the bulls defended support level N2.50 aggressively. Not bad to pick up some units below N2.90.

DD strongly advised.

zendi:
The only DD anybody needs on Oando right now is to understand that delisting is a matter of 'When', not 'If', until you see a "Press Release" reversing delisting plan.

As of now, your Oando is loaded in a paddle-canoe afloat on turbulent waters, with N7 as your safety net.

chillykelly86:


Please where do you access historical data like this?

zendi:
The only DD anybody needs on Oando right now is to understand that delisting is a matter of 'When', not 'If', until you see a "Press Release" reversing delisting plan.

As of now, your Oando is loaded in a paddle-canoe afloat on turbulent waters, with N7 as your safety net.

zendi:
The only DD anybody needs on Oando right now is to understand that delisting is a matter of 'When', not 'If', until you see a "Press Release" reversing delisting plan.

As of now, your Oando is loaded in a paddle-canoe afloat on turbulent waters, with N7 as your life-jacket.

(mdfd).

Ades1:



Investing dot commm

zendi:

If you wake up one day and find OANDO in technical suspension, then you know the canoe has capsized.

zendi:

If you wake up one day and find OANDO in technical suspension, then you know the canoe has capsized.