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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11378541 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:23am On Aug 16 |
Mfunkynation: Oga, Wallai! 10 wife I marry, Oando 150 naira. Tinubu 4 by 4 years. Nageria up up. |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:27am On Aug 16 |
More Braking news from facebook!
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Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:35am On Aug 16 |
Happy Happy!!!, Cow sell, chiken sell, goat sell, buy oando wednesday. Oando investo smile smile. God bless you. 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:37am On Aug 16 |
My collegue Abdul-'Alim, big big big analeste. Patiense! Soon smile smile. 10 wife marry soon soon. Invite you soon. |
Re: Nigerian Stock Exchange Market Pick Alerts by ndept: 10:37am On Aug 16 |
emmanuelewumi:lol at the bolded. That is why you are a model on this forum. Your views and criticisms are worthy of note to discerning investors. But to a trader, it may not matter because an average trader would have made millions from Oando and run away with the loot before the reality of your analysis come to past. You are so good in what you are doing and I wish we have more of you on this forum. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:40am On Aug 16 |
emmanuelewumi: This is the trap you fall into when you get fixated on financial numbers drawn from only past events. Have you ever seen a company that has transited from the downstream to upstream sector the way Oando has done, and without facing some liquidity and debt challenges? Have you factored in the value of oil and gas reserves, resources and other assets that Oando has acquired just recently? The company now has more volumes of crude oil to produce and sell, almost double of what they sold in the 2023 accounts. Do you know the implication of having their sales and receivables denominated in USD but trade payables in naira? Oando becomes technically better off because the devaluation of the naira gives them more revenue to settle their naira-denominated obligations. When did you ever see a bankrupt company giving USD550m loan to a government agency like NNPC? Wait until you see the inflows from the acquisition of ENI/AGIP oil and gas assets. Any analysis of Oando's financial accounts before that time will be an exercise in futility because the fundamentals will change drastically. Every company goes through what Oando is facing at one point or the other. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:42am On Aug 16 |
OK! So no one has posted about the status of OANDO in market so far..... Ok o, attached is the screenshot.....and the bid has increased past this as at now..... Thank you Jesus! 3 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 10:42am On Aug 16 |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:43am On Aug 16 |
yMcy56: Madame, Madame, Madame!!! Goodmornig, God Bless you. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:44am On Aug 16 |
dapix: Braking news is not manufactu, are you a bomboclat? |
Re: Nigerian Stock Exchange Market Pick Alerts by MARKETJJC: 10:45am On Aug 16 |
yMcy56: OANDO don cast abeg 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:45am On Aug 16 |
As una take argue oando into full bid this morning, make una gather come augue Ns/ds for me abeg. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:47am On Aug 16 |
Mpeace: Tinubu help Dangote soon, Dangote suppot 4 x 4 yeras? |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:49am On Aug 16 |
Let me ask my collegue Abdul-'Alim for dangote suger, say megar is next year. buy dangote suger next year up up up. |
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 10:51am On Aug 16 |
Mpeace:Na true talk.. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 10:52am On Aug 16 |
undead:chai.... help me with Oando money small small |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:52am On Aug 16 |
My collegue Abdul-'Alim, big analiste. stody in Saude Arbiah. planty planty book head. |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 10:54am On Aug 16 |
Mfunkynation: soon marry 10 wife, invite you and Madame. |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 10:54am On Aug 16 |
yMcy56: It's okay for people to not see what you see in a stock. I don't believe it's anything personal. If I'm not mistaken, you don't seem to appreciate negative comments about a stock whose SP is falling. Look at trading today despite the discussions within the last 24hrs or so. This is purely TA at play. Buyer exhaustion, profit taking, capital preservation and sellers bailing. Now, they are exhausted and SP is stabilising and will find a new support before the next lot of news. By the way, my TA knowledge is elementary. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 10:56am On Aug 16 |
I will always be myopic based on available figures. As far back as 2012 Oando was my largest holding on NGX. Because some figures did not make sense I wrote series of emails to the company after that I wrote an article about the company unfortunately non of the newspapers published it including Sahara reporters. I have to post it on Nairaland, the defunct Stock Market Nigeria and on Knight of Delta blog You can search for my old moniker on Nairaland and read about it. After this I sold all my holdings for between N24 and N26 even though I bought the public offer and right offers for between N95 and N100. Selling Oando in 2012 was quite emotional for me, because I have been a shareholders since it was known as Unipetrol before Wale and co came on board. Used the proceeds to buy Nigeria Brewery, Unilever and Nestle. By 2014 , I sold some of the shares to buy United Capital and APR. Since 2014 till date first quarter of 2024 ,I never sold my United Capital shares. It was this year that I started selling to buy Fixed Income invested. Being myopic based on available figures made me to exit my positions in Intercontinental Bank, Bank PHB, Oceanic Bank, Skye Bank, Union Bank. Being myopic based on figures made me to drastically reduce my holdings in First Bank. By the way First Bank was my largest holding in the banking sector before now 9 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 10:56am On Aug 16 |
yMcy56: ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by MARKETJJC: 10:57am On Aug 16 |
Omooloriredade: TA with FA or TA without FA? Why not put the same Oando fire on IB with your TA only ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:58am On Aug 16 |
KarlTom: People can only win in this market when they stop being emotional... When Oando gets green people start running after it but suddenly red you go see unnecessary fights which to me is highly uncalled for anyways... Nobody here has the funds to influence Oando prices 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:58am On Aug 16 |
yMcy56: Looks like many who sold @40 and above were waiting and timing when to get back in. If so the price may not get back to 40 immediately unless new money comes in. |
Re: Nigerian Stock Exchange Market Pick Alerts by MARKETJJC: 11:00am On Aug 16 |
megawealth01: Then you don't know where you are and who and who are here. ![]() Remember that you only need few sheeps to start a herd stampede ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:00am On Aug 16 |
Let's hope the bid strength intensifies... ![]() yMcy56: |
Re: Nigerian Stock Exchange Market Pick Alerts by undead: 11:01am On Aug 16 |
MARKETJJC: My collegue Abdul-'Alim, TA and FA he do, every every analiste he do. Oando up up. IB bad bad, beer no no, Brukutu yes yes. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:02am On Aug 16 |
More screenshots, as far back as 2011 we went home empty handed. Yet insiders got management services fees of over N800 million excluding salaries and other benefits. What was the exchange rate of naira to dollar in 2011 sef. No be today 4 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:04am On Aug 16 |
It was not manufactured neither is it a braking news... ![]() It has been in the press since January 2024 https://businessday.ng/energy/oilandgas/article/oando-aa-rano-sahara-others-secure-fresh-nnpcs-oil-swaps-deal-worth-755m/ dapix: |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:05am On Aug 16 |
megawealth01: What is happening in Oando is just an eye opener that there is huge interest in the stocks. All that is required for another serious rally is some positive results in the H1 2024 financial reports. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 11:06am On Aug 16 |
yMcy56:Abeg no forget to pay ur tithe from this oando windfall. I shall send the church account as soon as oando find support at your target price. |
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