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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:37pm On Aug 30 |
MARKETJJC: You eh |
Re: Nigerian Stock Exchange Market Pick Alerts by perfectgen(m): 1:40pm On Aug 30 |
ositadima1: What if they use this high share price rally to raise funds through a preferential offer to acquire and revamp the refinery, do you think that they won't still be able to achieve the purported objectives? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 1:43pm On Aug 30 |
OANDO will close on full bid... 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Testimonies777(m): 1:43pm On Aug 30 |
Which stock? Zegra: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:46pm On Aug 30 |
ositadima1:A very good perspective. Again, it could be suicidal for Oando to try and buy anything like government asset or property, considering all the bad press, controversies, rumours and misgivings about the importation of fuel from Malta. The upstream sector and the assets under Oando are lucrative enough for the company to do well and make good returns. Unlike the upstream sector where Oando currently operates, the refining and retail distribution sectors are labour- intensive, and I don't think it would serve Oando's interest. They just divested from the downstream, so going back to buy a refinery in the same midstream/downstream sector will be a clear case of lack of direction for the directors. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 1:51pm On Aug 30 |
Princkez: Wonders shall never end on NGX!! |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:54pm On Aug 30 |
perfectgen: They could do that, but they haven't done it yet. And why didn't they do that for the Agip acquisition? Will Mr. Tanimu Yakubu and the two other entities that own over 73% of Oando agree to that? |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 1:58pm On Aug 30 |
Fun fact: Oando has only experienced two months of "significant" profit taking(100m+ in volume) this year at circa 16 and circa 9. The last 3 months witnessed strong bulls in excess of 300m+ in volume and 500m+ only in August. |
Re: Nigerian Stock Exchange Market Pick Alerts by perfectgen(m): 2:02pm On Aug 30 |
ositadima1: At the time of the Agip acquisition, they didnt have the luxury of high share price and demand like this. They would have had to release higher number of units of the shares to raise the funds; it is technically cheaper then to get a loan from a bank than today that the share price is moving closer to #100 and adding that asset to the company's holding will make it more formidable. I hope that they don't buy any of the refineries; I feel Tony Elumelu Heirs Oil will do better than them in the refineries, but if they choose to acquire it, funding won't be as much of a problem to them as you imagined. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:10pm On Aug 30 |
perfectgen: Have you appraised the level of damage and rehabilitation needed, or are you only seeing the share price of Oando? Oando's outstanding shares are 12,431,412,481. At ₦70 per share, it's worth ₦870,198,873,670, which is just $580,132,582 (rate $1,500). How much did Dangote use to build a new refinery? And what percentage of that do you think will be needed to rehabilitate these ones that have been left fallow for more than 30 years? 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:11pm On Aug 30 |
Princkez: Na this news concern me ooooo... Make E do quick so we can keep riding till $1 non-stop 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:12pm On Aug 30 |
ositadima1: You wan calculate ba? Oya do the calculations of $1/unit and see the magic 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 2:17pm On Aug 30 |
megawealth01:now on full bid...#76.90 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:18pm On Aug 30 |
5 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by brotherly: 2:18pm On Aug 30 |
ositadima1: This is why the $1 goal makes sense. watch and see please oh ..I am still in the Oando Bus but not a buy advise o. I just dey make myself happy. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Alagbalaowo: 2:19pm On Aug 30 |
Now that we've cleared it, does anyone have any more oando to sell? 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:21pm On Aug 30 |
brotherly: Na there I dey wait WALE and I'll bid Oando goodbye forever 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:22pm On Aug 30 |
megawealth01: OK, let me do something better for you. Oando bought Agip for $783 million, and their current market cap is $630 million. Let's work backwards: ₦94 per share. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:24pm On Aug 30 |
ositadima1: Na wahala you find but I no go talk... People wey like vawulence go soon come for you... Just agree that we are going to $1/unit so peace can reign That guy that Wale employed to come and be mopping up offers last minute should sha get ready to be doing that daily until we get to $1 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:27pm On Aug 30 |
Oga Rabiu CEM don credit me. So sweet 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zegra: 2:27pm On Aug 30 |
Testimonies777:CILEASING |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 2:30pm On Aug 30 |
perfectgen: Not possible. It will still trade at its fair value of #16 Be wise |
Re: Nigerian Stock Exchange Market Pick Alerts by Jonwest: 2:31pm On Aug 30 |
Alagbalaowo: Ogaaaa nah when man wake him day break. Oga done wake oooo. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by cocolacec(m): 2:31pm On Aug 30 |
megawealth01: i got mine yesterday. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:35pm On Aug 30 |
i FIXED YOUR SUBMISSION... mikeapollo: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:37pm On Aug 30 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:39pm On Aug 30 |
How so? The term resistance has been abused... designking: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:40pm On Aug 30 |
KarlTom: OANDO has been doing 10% full week bonanza. FG need to bring all their funds into it so they can be getting 10% daily as many here has concluded it will continue doing 10% until bulaba lives power 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:41pm On Aug 30 |
designking: Come respect Oando. Something that I'm expecting to get to $1 without resistance 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by brotherly: 2:42pm On Aug 30 |
godlyguy: Geregu with 435 MW capacity and 2.5b Ordinary shares is trading at 900 naira how much do you think a company with 950MW and 12.5b ordinary shares trade? I never add oil oh 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 2:46pm On Aug 30 |
Market don close.I thought I sabi play bet but oando gang sabi play the bet pass me.i don't want problem I want peace.Oando is going for 2 dollars...or even 3 dollars.Any person on this thread way buy oando at opening price and above truely you get lever pass me..... double salute. Then again it looks your sheep gang leaders sold within the first 30 minutes of market open.You know this place is thr 9-5 job ,business and shop.And a bigger gang than your leaders came from 2 pm to correct some mistakes and give my betnaija sock 10% mark. Staco insurance,union homes and aso savings na so 3 of this companies combine carry my 7 figure close shop.This was when dollars no even reach #200.I will never pay school fees again in this business. DD is never optional in this business. |
Re: Nigerian Stock Exchange Market Pick Alerts by designking: 2:46pm On Aug 30 |
Every bit of sales made today for Oando was quickly mopped up. The torrent of sales and profit taking couldn't shake Oando price surge. Oando is a monster stock. Very impressive counter today! $1 is sure. |
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