Mfunkynation:

Make it 10 wife soon soon

Oga, Wallai! 10 wife I marry, Oando 150 naira. Tinubu 4 by 4 years. Nageria up up.

More Braking news from facebook!

Happy Happy!!!, Cow sell, chiken sell, goat sell, buy oando wednesday. Oando investo smile smile. God bless you.

My collegue Abdul-'Alim, big big big analeste. Patiense! Soon smile smile. 10 wife marry soon soon. Invite you soon.

emmanuelewumi:
It came out of the wood in 2023 yet financial position deteriorated the more in 2023 compared to 2022.

Warren Buffett said you can't get out a hole by digging deeper.

A business can't get out of a financial crisis by getting deeper into debt.


That is why businesses are recapitalized.

There are opportunities in the sector but can't be effectively harnessed in the current precarious financial condition of the business or else they will be working for the banks

Add the PAT of the business to provisions for depreciation and amortization, subtract capital expenses and the decrease in working capital from about negative N800 billion to negative N1. 5 Trillion. You will realize that owners earning is negative

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.

emmanuelewumi:


You will realize that the previous to delist was far better than recapitalization of a business with a negative working capital that deteriorated over the last 6 years and above.

And a negative shareholders fund that deteriorated even after selling assets to pay debts yet debt still increased.

No big deal in having a negative working capital once in a while, but when it becomes a normal occurrence over the years and getting worse, there is need for caution

A business with a negative working capital and negative shareholders fund is technically bankrupt.

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.

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!

undead:
More Braking news from facebook!

Another News has been manufactured

Keep up the yoyo run o!!!

yMcy56:
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...

Madame, Madame, Madame!!! Goodmornig, God Bless you.

dapix:


Another News has been manufactured

Keep up the yoyo run o!!!

Braking news is not manufactu, are you a bomboclat?

yMcy56:
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!

OANDO don cast abeg

As una take argue oando into full bid this morning, make una gather come augue Ns/ds for me abeg.

Mpeace:
As una take argue oando into full bid this morning, make una gather come augue Ns/ds for me abeg.

Tinubu help Dangote soon, Dangote suppot 4 x 4 yeras?

Let me ask my collegue Abdul-'Alim for dangote suger, say megar is next year. buy dangote suger next year up up up.

Mpeace:
As una take argue oando into full bid this morning, make una gather come augue Ns/ds for me abeg.

Na true talk..

undead:
Happy Happy!!!, Cow sell, chiken sell, goat sell, buy oando wednesday. Oando investo smile smile. God bless you.

chai.... help me with Oando money small small

My collegue Abdul-'Alim, big analiste. stody in Saude Arbiah. planty planty book head.

Mfunkynation:

chai.... help me with Oando money small small

soon marry 10 wife, invite you and Madame.

yMcy56:
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!

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.

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

yMcy56:
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!

Oando..Oando..

Omooloriredade:


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.

TA with FA or TA without FA? Why not put the same Oando fire on IB with your TA only

KarlTom:
OandO

A lot of people sold at 29.35 (-10%), now it's in the green. It even touched 35.80 (+10%).

That's how traders cash out...

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

yMcy56:
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!

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.

megawealth01:


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

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 ask ojulegba bombing

Let's hope the bid strength intensifies...

yMcy56:
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!

MARKETJJC:


TA with FA or TA without FA? Why not put the same Oando fire on IB with your TA only

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.

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

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:


Another News has been manufactured

Keep up the yoyo run o!!!

megawealth01:


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

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.

yMcy56:
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!

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.