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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11478002 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:59am On Jul 18 |
Raider76: There are two cases, though related and being consolidated: the initial case was between the 14 minority shareholders vs Oando; and the other case was instituted by 5 other minority shareholders against the 14 shareholders which the court has just ruled on. This ruling has surely, indirectly determined the fate of the first case between the 14minorty shareholders vs Oando. Now, the court has ruled that its earlier instruction that Oando should file a Scheme Arrangement for the acquisition of shares of all minority shareholders should now be limited or restricted to only the shares of the 14 minority shareholders that went to court. Therefore the court has made the 14 minority shareholders to suffer the consequence of their action. They are to get N7.07 per share unless they reach a compromise with Oando or they withdraw the case. They were stupid enough to maintain N7.07 as the offer price when the shares were already selling at N10-N16 per share for a year . The court saw the irrationality in this and allowed the 5 other minority shareholders to join the case, and threw the 14 minority shareholders out. The case coming up in October is the original case between the 14 shareholders and Oando. That is when Oando will therefore file a revised Scheme of Arrangement to acquire the shares of the 14 shareholders only at N7.07 per share if no compromise or withdrawal happens between now and October. 4 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by naturalflow: 10:00am On Jul 18 |
Ding on oando' day.either you have oando or not,it is a win-win situation. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Testimonies777(m): 10:00am On Jul 18 |
mikeapollo: Its a blessing to belong to this particular forum. We got the wind of UCAP bonus free of charge here yesterday and took position fast before it went on full bid. Lets see how OANDO will also play out today 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:03am On Jul 18 |
You have DINGED ![]() ![]() naturalflow: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:04am On Jul 18 |
OandO UCAP ![]() ![]() Testimonies777: |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:04am On Jul 18 |
Testimonies777: My brother, let us focus more on what is likely to happen in Oando between now and end of the year. My feeling is that Oando will be coming to the market to raise funds, very soon. It is already disclosed in their financial report that they will be coming to raise funds around the 2nd quarter of this year, but this was delayed by the court case. Now that the case is dead, interested investors need to beef up their holdings in Oando because the biggest chain holding it back has now been broken! If they do not come to the market to raise funds , I can see them do a bonus issue in the nearest future, very soon. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:11am On Jul 18 |
Where's Peter? Any bargain hunter wey no dey careful and commot for road, you go hear am, na you Peter go take do step jump into the bus ![]() OANDO full bid @18.55!! ![]() OANDO full bid @18.55! UCAP full bid @39.90! 4 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 10:16am On Jul 18 |
Ellahlakes will soon follow |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:17am On Jul 18 |
mikeapollo: Thanks for this detailed explanation. The thing is so confusing. |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:20am On Jul 18 |
SonofElElyonRet:If you are okay with the current market price and sure of your target profit or investment goal in the short term, then it is better you buy on the floor. You can also wait a bit to see if the price will drop further and buy on the floor The rights issue is better if you are willing to wait for a period before the shares are allotted to you, and it also cheaper than the current market price. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:24am On Jul 18 |
yMcy56: Oando is on its way to N25-N30, no matter what the ''doubting Thomases'' say! It has been undervalued for far too long, and the people that know too much failed to see the handwriting on the wall. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:29am On Jul 18 |
If I am one of those 13 major shareholders, I would start offloading my holdings... ![]() mikeapollo: |
Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 10:30am On Jul 18 |
Oando, no one is selling?
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Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:30am On Jul 18 |
mikeapollo:Way undervalued! Anyway, those doubting Thomases should continue to take DS and NS for granted as well. Make dem dey insult and abuse upandan... VFDGROUP belongs to same class as UCAP We'll be waiting patiently for this one's time as well. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:31am On Jul 18 |
Testimonies777: OANDO on full bid ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:33am On Jul 18 |
The irony and intrigue of Mr Market: The banks' RI/PO will suffer as a result of these two (UCAP & OandO)... ![]() At least until the qualification date of UCAP 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:33am On Jul 18 |
BullBearMkt: Exactly 💯 |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 10:33am On Jul 18 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:34am On Jul 18 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:34am On Jul 18 |
Re: Nigerian Stock Exchange Market Pick Alerts by USAfall2024: 10:37am On Jul 18 |
UCAP is currently trading higher than Zenith! ![]() ![]() NGX is such a wonderful place fr! Anyway I think it’s better to swap UCAP for Zee atm (the 0.90 naira difference should cover the brokerage fees for sell and buy). UCAP is definitely one of the sweetest ride in NGX over the last decade💯. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 10:38am On Jul 18 |
BullBearMkt: I honestly felt there's absolutely NO need to respond to those post. It's funny that after all these years, someone would still think that I will put out an information to deceive others. That's totally disrespectful. ...it's the height of it! This is part of the reason am usually reluctant to post classified information here. I honestly knew about UCAP's 2 for 1 bonus and 90k div days earlier but decided against putting it out here. Instead, I informed some close pals and few of my subscribers. It's also why I've had to cut down on the analysis I put out here. There was a time I used to analyze virtually every company financial statement to help guide others, but still receive snide remarks and destructive criticisms from persons who for some inexplicable reason, turned out to be humans. I may not be a rich guy, but I am rich at keeping integrity. ...I have a reputation to protect and I don't take that for granted. Some very good and honest members have had to leave this platform (some even deleted their A/c) because of these ungrateful and often self-centered elements. Well for me, if and when I decide to do things or offer help, I do it first for the sake of Devine who's the giver of every good gift and sometimes because I just wish to "pay it forward"... NOT for man. Some humans are disgusting to say the least! But frankly, these things don't bother me. ![]() ![]() ![]() My GOAL is to continue to grow in the financial markets and also help as many as possible to do the same. It is well 13 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:38am On Jul 18 |
Prophet... I'm waiting for the next stock ooooo as na only you really got the most abuse for Oando ![]() 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by edwardaigb: 10:38am On Jul 18 |
finally bought some oando with what I can let go |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:41am On Jul 18 |
megawealth01:The ever smiling megawealth01, my main man! Are you still sticking to ''Wale is not credible'', ''Wale is the problem'', ''Oando is a dangerous gamble" theory? When will you take a deep dive and go deeper into the gold mine? |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:46am On Jul 18 |
megawealth01: You now have to join a very long queue! There was something about how ProphetUtuocha was talking with so much confidence about Oando. But you people that know too much found all the excuses/reasons to doubt him. It is still early days yet, but I knew that Oando can never delist at a price below market price. It can NEVER happen, even if they decide to delist. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:49am On Jul 18 |
mikeapollo: No need as the little I have is ok for me |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:50am On Jul 18 |
KarlTom: Unless of course if they are errands boys of the major shareholders ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:52am On Jul 18 |
bovali: Good morning, beautiful, brainy lady madam! Hope you are doing great this morning. I am just saying ''hi'' to you, from Oando Junction, NGX Avenue. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:54am On Jul 18 |
megawealth01:That is the hallmark of great guys. Calm, Cool, Mega-wealthy and content! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:54am On Jul 18 |
The way you are peppering OandO doubters ehn, some might end up selling their properties to jump in the bus ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Macgyver1: 10:54am On Jul 18 |
Good morning everyone, I just stumbled in this thread and I'm willing to learn how this stocks works. |
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