Bovis:


They are still testing the mic, luring more buyers into the market. The real crash is coming soon and anything can trigger it because the global market is due a correction

yMcy56:
There's strong accumulation of OANDO!
The more offer is coming out @30.55, the more they're clearing it!
Are institutional investors involved too?
Or the Asset managers?
Or maybe FPIs self?
Chai! No be small thing oo......demand seems more than supply
34M+ units done in transactions so far ....

Abeg, make dem help DS/NS ministry with 100k o....

Japaul also getting attention in market..

yMcy56:
There's strong accumulation of OANDO!
The more offer is coming out @30.55, the more they're clearing it!
Are institutional investors involved too?
Or the Asset managers?
Or maybe FPIs self?
Chai! No be small thing oo
34M+ units done in transactions so far ....

Abeg, make dem help DS/NS ministry with 100k o....

Japaul also getting attention in market..

yMcy56:
There's strong accumulation of OANDO!
The more offer is coming out @30.55, the more they're clearing it!
Are institutional investors involved too?
Or the Asset managers?
Or maybe FPIs self?
Chai! No be small thing oo......demand seems more than supply
34M+ units done in transactions so far ....

Abeg, make dem help DS/NS ministry with 100k o....

Japaul also getting attention in market..

yMcy56:
There's strong accumulation of OANDO!
The more offer is coming out @30.55, the more they're clearing it!
Are institutional investors involved too?
Or the Asset managers?
Or maybe FPIs self?
Chai! No be small thing oo......demand seems more than supply
34M+ units done in transactions so far ....

Abeg, make dem help DS/NS ministry with 100k o....

Japaul also getting attention in market..

ololufemi:


Oga yMcy56, I throw salute o! 🫡 I believe the time for harvest for DS and NS will come. It's just a matter of patience and commitment. By the time the foreign exchange rates stabilizes and the effect of their backward integration project is fully operational, Dangote Sugar may even start exporting raw sugar to other Countries.

The deficit in that local sugar industry is massive (na like oil palm) and as Oga OneGentleGuy will always say, Mr Time is usually one's best friend in the market, but many do not realise it.

Many have learnt this lesson from Presco PLC and Okomu PLC which sold for around NGN10 in 2010, paid several dividends, given bonuses and are sitting at a geometric price standard today.

Many of us shouldn't even be buying these stocks for ourselves but for the children and future grandchildren, and great grandchildren sef.

yMcy56:
There's strong accumulation of OANDO!
The more offer is coming out @30.55, the more they're clearing it!
Are institutional investors involved too?
Or the Asset managers?
Or maybe FPIs self?
Chai! No be small thing oo......demand seems more than supply
34M+ units done in transactions so far ....

Abeg, make dem help DS/NS ministry with 100k o....

Japaul also getting attention in market..

SonofElElyonRet:


They know something about Oando.. even the Japaul attention might be because of the N20b jagwa spoke about... although the price is also attentively low

yMcy56:
There's strong accumulation of OANDO!
The more offer is coming out @30.55, the more they're clearing it!
Are institutional investors involved too?
Or the Asset managers?
Or maybe FPIs self?
Chai! No be small thing oo......demand seems more than supply
34M+ units done in transactions so far ....

Abeg, make dem help DS /NS ministry with 100k o.. .

Japaul also getting attention in market..

megawealth01:


JAPAUL don join the gamble?

megawealth01:


JAPAUL don join the gamble?

megawealth01:


JAPAUL don join the gamble?

SonofElElyonRet:



Nigeria Targets Fresh 50,000bpd Oil Output With New Crude Grade, Utapate

SonofElElyonRet:


They know something about Oando.. even the Japaul attention might be because of the N20b jagwa spoke about... although the price is also attentively low

KarlTom:
There must be something driving this current rally...

Omooloriredade:






Let me help you out

Read this news item - https://thesun.ng/nigeria-increases-oil-production-by-28000-bpd-with-new-utapate-crude/

Oando has a 40% Working Interest (WI) in OML 13 (QUA IBO). That is WHY

Most of us here don't even understand the upstream business let alone know how to value Oando, a company with negative equity. Let's just keep watching, okay?

BTW, this has nothing to do with the NAOC acquisition that effectively doubles production.

Forgot to include disclaimer so here goes: Not a recommendation to buy or sell Oando as I'm not qualified to give any form of financial advice. I have also been wrong many times before.

Omooloriredade:






Let me help you out

Read this news item - https://thesun.ng/nigeria-increases-oil-production-by-28000-bpd-with-new-utapate-crude/

Oando has a 40% Working Interest (WI) in OML 13 (QUA IBO). That is WHY

Most of us here don't even understand the upstream business let alone know how to value Oando, a company with negative equity. Let's just keep watching, okay?

BTW, this has nothing to do with the NAOC acquisition that effectively doubles production.

Forgot to include disclaimer so here goes: Not a recommendation to buy or sell Oando as I'm not qualified to give any form of financial advice. I have also been wrong many times before.

SonofElElyonRet:
While looking for news about Ellah lakes i came across below..... can the Ellah lakes experts say what impact this will have if any?


Leadership News
Ellah Lakes’ Major Investor Distributes Shares To Creditors, Shareholders
Written by Olushola Bello 1 month ago
ellah

Conquering the clouds on a journey to Ta Xua with the team - Road Trip Vietnam Team - Nếm TV

CBO Capital Partners (CBO) Limited, a major shareholder of Ellah Lakes Plc, has decided to transfer a portion of its equity stake to its shareholders and creditors in a move that will further dilute the ownership structure of Ellah Lakes.

Ellah Lakes made this known in a statement signed by its head of Administration, Modupe Ejikeme. The chief executive officer, Ellah Lakes, Mr. Chuka Mordi said that CBO Capital Partners, a major shareholder of Ellah Lakes, is transferring a portion of its’ Ellah Lakes shares to its’ shareholders and creditors in a cross deal.

He stated that this trade move is aimed at offsetting CBO’s outstanding obligations to CBO Shareholders, while simultaneously fulfilling Nigerian Exchange Limited’s (NGX) requirements on the free floating of Ellah Lakes shares.

“By undertaking this strategic move, CBO is demonstrating its commitment to financial responsibility and compliance with regulatory standards set forth by the NGX.


“The decision to transfer a portion of Ellah Lakes shares to its’ creditors not only help CBO manage its’ obligations effectively, but also enhances the liquidity and free float of Ellah Lakes shares in the market,” he explained.

Mordi noted that this cross deal signifies a proactive approach by CBO to strengthen its’ financial position and support the stability and growth of Ellah Lakes Plc, saying that “we believe that this trade move will have a positive impact on all stakeholders involved and contribute to the overall success of Ellah Lakes Plc.”

Related News
Bank Lending Dips As Interest Rate Soars To 60%
Nigeria Targets Fresh 50,000bpd Oil Output With New Crude Grade, Utapate
Dangote Cement Grows Revenue By 139.9% In H1
Address Multiple Regulations In Digital Space, ITU Advises Federal Gov’t
Ellah Lakes had signed many agreements in recent period for major projects that are expected to form the backbone of the company’s business diversification drive.

It had reached an agreement to build a 600-tons sugar refinery in collaboration with Montserrado Investment Limited. The sugar processing facility is expected to run on 100 per cent renewable power.

Ellah Lakes had earlier reached agreement with Ondo State on the development of a palm oil and cassava farm, covering about 5,000 hectares. Both partners would jointly develop and manage the farm for the cultivation of oil palm and cassava in Ondo state.


Ellah Lakes had in August 2020 entered into exclusive discussions to acquire the entire issued capital of an oil palm processing company with substantial assets in Delta State.

Ellah Lakes was incorporated on July 2, 1980 and was listed on the Nigerian Exchange (NGX) on January 14, 1993. Originally a fish-farming company, Ellah Lakes had recently embarked on a comprehensive restructuring and diversification of its businesses. In 2019, it acquired Telluria in order to diversify its product offerings in the agribusiness sector

Omooloriredade:



Let me help you out

Read this news item - https://thesun.ng/nigeria-increases-oil-production-by-28000-bpd-with-new-utapate-crude/

Oando has a 40% Working Interest (WI) in OML 13 (QUA IBO). That is WHY

Most of us here don't even understand the upstream business let alone know how to value Oando, a company with negative equity. Let's just keep watching, okay?

BTW, this has nothing to do with the NAOC acquisition that effectively doubles production.

Forgot to include disclaimer so here goes: Not a recommendation to buy or sell Oando as I'm not qualified to give any form of financial advice. I have also been wrong many times before.

Mankind2024:
Ikeja Hotels has withdrawn its proposed rights issue and bonus, and is now reporting profitability. The company's liabilities are primarily composed of shareholders' equity and pension obligations.

onegentleguy:




Conservative FVE for PRESCO is @ N561.9 at present, so the stock is a buy @ CMP.

But as you know; I always prefer to be an "early bird".
Why didn't you key in before now? PRESCO was trading for less than N57 when I put out the post above.
Someone sent me a mail earlier asking if CHAMS is a buy @ the CMP, and my response was simple; why didn't you take position when I was practically screaming about the stock @ 20--21k.

The reason some folks will argue about the value accretive stance of an asset when it's ridiculously underpriced but turn around to praise the same asset after it must delivered triple-digit return (even after 500--650% ROI in some instances) is the inability to proficiently and efficiently interpret financial statements.

I did highlight the immense potential in PRESCO at about the same time I issued an outperform rating on TRANSCORP @ 97k. Even @ N1.3, I remained resolute in my inquest-based analysis of TRANSCORP but some dude tagged them an epistle.
Today everyone thinks that both coys are the next best thing after sliced bread.

Not surprised though. Afterall, people also argued with me about FIDSON @ N1.1, PZ @ N4, WEMA @ 55-58k, NEIMETH @ 38--40k, UACN @ N4+, GUINESS @ N14+, UNILEVER @ N10+, ,GSK @ N5, UPDC @ 70k, STERLING @ N1.4, ACEESS/UBA swaps @ N8--9.7, ZENITH @ N9+, GTB @ N17... to mention a few.
Today most folks are excited about the present and future prospects of these coys.

I recall stating in very clear terms why I'd gladly swap OKOMU for PRESCO or assign a much higher portfolio weighting (ref:70/30) in favour of the latter following a comparative analysis on both coys. ...with the former trading @ near 80% premium to the latter at the time.
But then again, someone called it an epistle because according to him, PRESCO didn't declare a good enough dividend.

In recent times some have also argued about certain coys, but I always pray that God should continue to preserve us alive so we live long enough to see how TIME sets matters straight as always.
...everyone knows I LOVE Mr. Time.

It is well

mikeapollo:


Seems you dislike ''gambling'' in NGX very much.
How did you make your megawealth in NGX if you did not gamble at all?
It would pain me if you miss out on the fortunes from Oando ''gamble''

essentialone:


Has anyone received the dividend alert of Ikeja Hotel today?

SonofElElyonRet:


Seems Oando at N50 is just a stroll away !

SonofElElyonRet:


Seems Oando at N50 is just a stroll away !

Omooloriredade:


Unfortunately, I couldn't tell ya. I wish I knew myself. Sentiments seems strong though. I'm not sure but it seems there has been a few "tree shakes" to push out weak holders of Oando.

What MAY eventually happen is that the market may reprice Oando using a discounted PE value of Seplat IF and only IF 2024 quaterly results confirm the turnaround story. Your assignment is to find out the implication IF this were to play out. Market CAP is c. N350B based on current price.

Speaking of the NAOC deal, for anyone who is interested. Please take note of first three dot points. The information the market knows is out there, it is for you to try make sense of it.

Disclaimer - I have no clue whatsoever what the future holds for Oando. Just sharing my thoughts. Please do not buy or sell based on my posts.

9free:


As Sugar and Salt dey waste time na make we use OandO dey hold body

megawealth01:


It's one stock I'm waiting to fall so I can take position

megawealth01:


Abeg help me market am well maybe it will conquer MRS in price

Omooloriredade:


I fell for the temptation to post about Oando today. If there was ever a cue to stop that was it. I no be Oando marketer o.

essentialone:


Is Ikeja Hotel a good buy?