emmanuelewumi:
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

I've always said it times without numbers that my only fears about Oando is Wale and that's why I will consider it as a GAMBLE... A lot don't like it when I say so and that's why during the fights/noise I just kept mute... Let's learn to engage positively and constructively like MIKE always does...

If I notice another attacks on anyone about Oando I will just ignore things and face my front as expected afterall if you are buying Oando you definitely know you are either gambling your funds or buying hope...

But for Wale to have changed his style na only Mr Time go answer the question

Wale is a trained LAWYER... All the lawyers I know hardly change

You see WALE, JEGEDE and OTEDOLA be extremely careful when dealing with those guys and anything connected to them especially those of you shouting long-term

KarlTom:
Let's hope the bid strength intensifies...

What matter most for OANDO for now, is to find support above 30/32..
Once this is established, then it will be good to go (up) any moment there's good news again.

Oga Emma has done excellently well, BUT, he still needs to consider the subjective aspects of this trading......
Everything can't be 100% objective......we have Traders also in the market, not only investors, and Traders creates more liquidity far more than investors.

mikeapollo:


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.

That's true and Wale has to come out CLEAN this time which is a serious probability...

...and more cashouts

yMcy56:

What matter most for OANDO for now, is to find support above 30....
Once this is established, then it will be good to go (up) any moment there's good news again.

Oga Emma has done excellently well, BUT, he still needs to consider the subjective aspects of this trading......
Everything can't be 100% objective......we have Traders also in the market, not only investors, and Traders creates more liquidity far more than investors.

megawealth01:


I've always said it times without numbers that my only fears about Oando is Wale and that's why I will consider it as a GAMBLE... A lot don't like it when I say so and that's why during the fights/noise I just kept mute... Let's learn to engage positively and constructively like MIKE always does...

If I notice another attacks on anyone about Oando I will just ignore things and face my front as expected afterall if you are buying Oando you definitely know you are either gambling your funds or buying hope...

But for Wale to have changed his style na only Mr Time go answer the question

Wale is a trained LAWYER... All the lawyers I know hardly change

You see WALE, JEGEDE and OTEDOLA be extremely careful when dealing with those guys and anything connected to them especially those of you shouting long-term

Anything below N2 i go dey enter Japaul.. 5 years in view. Not financial advice

emmanuelewumi:
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

The best way to do analysis is to combine technical, fundamental analysis with sector or industry developments, and impact on future earnings. So many things could happen within a year before the next financial results are released.
There is also analysis of valuation based on ''future or potential earnings'' in investments.

Kindly use whatever you prefer. We will be here by the grace of God when Oando release full year 2024 and mid year 2025 results. All our eyes go clear very well by that time!

56% of 25m

KarlTom:
Let's hope the bid strength intensifies...

megawealth01:


I've always said it times without numbers that my only fears about Oando is Wale and that's why I will consider it as a GAMBLE... A lot don't like it when I say so and that's why during the fights/noise I just kept mute... Let's learn to engage positively and constructively like MIKE always does...

If I notice another attacks on anyone about Oando I will just ignore things and face my front as expected afterall if you are buying Oando you definitely know you are either gambling your funds or buying hope...

But for Wale to have changed his style na only Mr Time go answer the question

Wale is a trained LAWYER... All the lawyers I know hardly change

You see WALE, JEGEDE and OTEDOLA be extremely careful when dealing with those guys and anything connected to them especially those of you shouting long-term

The worst part be say I got a loan of N2 million buy both the public offer and the right offer.

ositadima1:


You are wasting your time asking Mcy56 these questions; she is not an investor, but rather more of a trader. Her knowledge of financial papers stops at PAT and EPS. Her major indicators are the order book, depth of bid/ask orders, and any news that confirms her position. You people approach the market differently.

Any opposing evidence is emotionally fought and discredited without due consideration, and labeled as a conspiracy to undermine her chosen stock.

God bless you real good.once they make a call to thr sheep gang.They don't want to see,hear or your opinion if it is negative to thr praised stock.The funny part is that sometimes you even have bigger steak in that particular stock than them.I have decided to ignore them going forward and make my post without quoting any sheep gang and thr yes masters. They cannot stop me from making my opinion on any stock here whether positive or negative irrespective if I have the stock or not.As long as the decision to buy hold or sell is your business

SonofElElyonRet:


Anything below N2 i go dey enter Japaul.. 5 years in view. Not financial advice

Ask we that bought the public offer back then...

I had to buy many years later at 0.20k... Thanks to God I finally got fresh air because of that decision...

If you are dining with Jegede eh... Wale seems na lil saint where JEGEDE dey although if Wale wan deal with you eh E dey be brutal

emmanuelewumi:




The worst part be say I got a loan of N2 million buy both the public offer and the right offer.

Gaskiya this is painful, Wale don injure many people, sorry brother.

mikeapollo:


The best way to do analysis is to combine technical, fundamental analysis with sector or industry developments, and impact on future earnings. So many things could happen within a year before the next financial results are released.
There is also analysis of valuation based on ''future or potential earnings'' in investments.

Kindly use whatever you prefer. We will be here by the grace of God when Oando release full year 2024 and mid year 2025 results. All our eyes go clear very well by that time!

Investors have varying perspectives on which stocks to buy or sell. I remain bullish on OANDO. Given its substantial oil production surpassing Seplat, larger power generation capacity compared to Geregu, and significant natural gas reserves (10-15%), its current valuation seems undervalued.

Even if 2024 financials are subpar, the company's growth trajectory is undeniable. OANDO's recent statement encouraging local companies to lead the energy sector reinforces my optimistic outlook.

https://www.thecable.ng/oando-indigenous-firms-must-step-up-to-drive-growth-in-nigerias-energy-industry/

megawealth01:


Ask we that bought the public offer back then...

I had to buy many years later at 0.20k... Thanks to God I finally got fresh air because of that decision...

If you are dining with Jegede eh... Wale seems na lil saint where JEGEDE dey although if Wale wan deal with you eh E dey be brutal

Remember he now has new investors who put in 20 billion.. different ball game.. those ones will watch their investments like a hawk

megawealth01:


Ask we that bought the public offer back then...

I had to buy many years later at 0.20k... Thanks to God I finally got fresh air because of that decision...

If you are dining with Jegede eh... Wale seems na lil saint where JEGEDE dey although if Wale wan deal with you eh E dey be brutal

Truly, it wasn't funny those years. I also bought then. The crash was great, first to around #1, then it went to that 0.2k and stayed for many years. Wale na “deep sea”, Jegede na “the devil”, if you are caught between the two, just look up to God.

emmanuelewumi:




The worst part be say I got a loan of N2 million buy both the public offer and the right offer.

I like your openness Oga Emma. The 'school fees' you paid then, has made you a 'Prof' today. We all have paid (or will pay) school fees as far as the stock market is concerned. That's how we get the experience to eventually learn how to stop paying avoidable 'school fees'. Thanks for your robust contributions and thanks to all others as well for the civilized discourse.

Hopefully

SonofElElyonRet:


Remember he now has new investors who put in 20 billion.. different ball game.. those ones will watch their investments like a hawk

Alagbalaowo:


Gaskiya this is painful, Wale don injure many people, sorry brother.

I have a friend that's currently laughing those rushing Oando now... He is currently based in Switzerland...

Few years ago during the COCOPHILIPS era I was using Oando as gamble which is usually my style... Back then in NAIJA we reside in the same area... I bought Oando averagely at 11+ and was selling between 30-33... I sold the last batch at 33 or so... I left little anyways which is my usual style in any stock I don't really want to invest in but... This my friend carried Oando matter for head that year sha... He said I know nothing about investment bla bla... He said very soon the $1.5b investment in COCOPHILIPS will start yielding results... I told him the little I have should continue oooooo

He left his with the hope of whatever price he has in mind... When Oando got to 36+ or so wahala come start oooooo until it went so low that people were even picking it #4 oooooo...

What a surprise right?

As una dey buy hope dey use sense dey trade with Wale and his likes...

Cash is KING

One may need spoons the length of pipelines when dining with those guys

megawealth01:


Ask we that bought the public offer back then...

I had to buy many years later at 0.20k... Thanks to God I finally got fresh air because of that decision...

If you are dining with Jegede eh... Wale seems na lil saint where JEGEDE dey although if Wale wan deal with you eh E dey be brutal

KarlTom:
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/

These are the import cabals giving DR serious resistance. Instead of NNPCL to deal directly with established foreign refineries they deal through these Nigerian companies so the money will go round.

emmanuelewumi:




The worst part be say I got a loan of N2 million buy both the public offer and the right offer.

When Oga Emma speaks, Na assignment be that. Twalé Sir!!
I would be doing my findings on the dynamics of recapitalization.

SonofElElyonRet:


Remember he now has new investors who put in 20 billion.. different ball game.. those ones will watch their investments like a hawk

You don't know JEGEDE... Who are the new investors? What are their names?

Anyone buying JAPAUL and Firstbank for long term at current prices eh under JEGEDE and OTEDOLA is trying sha

brotherly:



Investors have varying perspectives on which stocks to buy or sell. I remain bullish on OANDO. Given its substantial oil production surpassing Seplat, larger power generation capacity compared to Geregu, and significant natural gas reserves (10-15%), its current valuation seems undervalued.

Even if 2024 financials are subpar, the company's growth trajectory is undeniable. OANDO's recent statement encouraging local companies to lead the energy sector reinforces my optimistic outlook.

https://www.thecable.ng/oando-indigenous-firms-must-step-up-to-drive-growth-in-nigerias-energy-industry/

I concur 100%.
In fact, Oando's power plant is 930MW, more than double that of Geregu (435MW). Yet, Geregu is selling at N1,000 on NGX (I understand the issue of outstanding shares, earnings and dividend per share etc. may be different)
Add that to its higher oil reserves compared to Seplat, plus its leading role in Renewables etc.

megawealth01:


I have a friend that's currently laughing those rushing Oando now... He is currently based in Switzerland...

Few years ago during the COCOPHILIPS era I was using Oando as gamble which is usually my style... Back then in NAIJA we reside in the same area... I bought Oando averagely at 11+ and was selling between 30-33... I sold the last batch at 33 or so... I left little anyways which is my usual style in any stock I don't really want to invest in but... This my friend carried Oando matter for head that year sha... He said I know nothing about investment bla bla... He said very soon the $1.5b investment in COCOPHILIPS will start yielding results... I told him the little I have should continue oooooo

He left his with the hope of whatever price he has in mind... When Oando got to 36+ or so wahala come start oooooo until it went so low that people were even picking it #4 oooooo...

What a surprise right?

As una dey buy hope dey use sense dey trade with Wale and his likes...

Cash is KING

So disheartening.

If there is anything I've learned in this market ehn, it is to never be emotionally attached to any stock. In one way or the other, many of us have paid “school fees” and had learned. My people say ‘any person wey don go war before no dey call himself man”

Panadee:
Hopefully

Abi.. only God knows tomorrow

Breaking news
OANDO do cast
I was expecting the casting to revise by Monday but it looks it changed its mind I decided to stop today.The market has the mind of its own.
This does not mean it will never cast again in the future .To buy hold or sell is your business


OANDO don cast.
OANDO and fundamentals are far apart

Still on this Oando matter after 15 years
Wale na cowboy per excellence

Alagbalaowo:


Gaskiya this is painful, Wale don injure many people, sorry brother.

The guy mouth sweet pass dat of Pastors. The marketing of the offer was too much, the company won NGX award back to back.


I thought the N2 million would grow to N20 million within maximum of 4 years. Unfortunately when I sold the N2 million turned to roughly 500k.

Agbalowomeri:
Still on this Oando matter after 15 years
Wale ma cowboy per excellence

He sabi NAIJA, the game and he get honey for mouth as lawyer na... I watched the last AGM... I don laugh tire

Na for this Naija a bank becane bankrupt and was liquidated by CBN. Depositors lost their funds and investors lost their investments but the promoters of the failed bank later floated another bank.


Be very careful when swimming with the sharks, especially investing in highly indebted companies whose promoters are well connected.

Insiders and retail investors are playing different games even though you are on the same pitch with them

Please can you send this to my mail?Thanks

megawealth01:


I have a friend that's currently laughing those rushing Oando now... He is currently based in Switzerland...

Few years ago during the COCOPHILIPS era I was using Oando as gamble which is usually my style... Back then in NAIJA we reside in the same area... I bought Oando averagely at 11+ and was selling between 30-33... I sold the last batch at 33 or so... I left little anyways which is my usual style in any stock I don't really want to invest in but... This my friend carried Oando matter for head that year sha... He said I know nothing about investment bla bla... He said very soon the $1.5b investment in COCOPHILIPS will start yielding results... I told him the little I have should continue oooooo

He left his with the hope of whatever price he has in mind... When Oando got to 36+ or so wahala come start oooooo until it went so low that people were even picking it #4 oooooo...

What a surprise right?

As una dey buy hope dey use sense dey trade with Wale and his likes...

Cash is KING

What will say of DANGOTE flour that went to #1 and still later sold for #24? Please what made seplat sell for #300 and today #3000? What about FBN that moved to #3 from #70?
What about FO that touched #300 then back to #15? If that is the case, then all the CEOs and all companies are indicted. because all the companies had one time or the other moved from dangerously high price to very low price. Please whom do you arrest? I saw where almost everyone including oga Agba was shouting Wale and cowboys for UACN at #4 except OGG that stood his ground and today UACN is #16 with all the benefits that accrued through it in the past. Please is Wale and cowboys no longer alive to kill UACN?

To succeed in the Nigerian stock market you should be observant like a detective, think like a lawyer and behave like an accountant