MARKETJJC:



Any price that you will be angry or be pained or have heart attack if it starts going south after you bought

You eh

ositadima1:


Oando is already heavily indebted. For the purchase of Agip, they only placed about 10% or less in equity; the rest is debt. Even if they get the refineries for free, they will still have to spend millions of dollars they currently don't have. It's better not to commit to too many things. They should pay off the humongous debts first before pursuing other money sinks.

In my opinion, it will not be a good idea. There is only so much that family ties can do before others start protesting.

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?

OANDO will close on full bid...

Which stock?

Zegra:


It seems that some people drove up this stock and have now exited. its heading back to base.

ositadima1:


Oando is already heavily indebted. For the purchase of Agip, they only placed about 10% or less in equity; the rest is debt. Even if they get the refineries for free, they will still have to spend millions of dollars they currently don't have. It's better not to commit to too many things. They should pay off the humongous debts first before pursuing other money sinks.

In my opinion, it will not be a good idea. There is only so much that family ties can do before others start protesting.

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.

Princkez:
OANDO will close on full bid...

Wonders shall never end on NGX!!

perfectgen:


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?

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?

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.

ositadima1:


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?

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.

perfectgen:


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.

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?

Princkez:
OANDO will close on full bid...

Na this news concern me ooooo... Make E do quick so we can keep riding till $1 non-stop

ositadima1:


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?

You wan calculate ba?

Oya do the calculations of $1/unit and see the magic

megawealth01:


Na this news concern me ooooo... Make E do quick so we can keep riding till $1 non-stop

now on full bid...#76.90

Princkez:
now on full bid...#76.90

Record broken...

One full week of FULL BID nobi beans ooooo

ositadima1:


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?

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.

Now that we've cleared it, does anyone have any more oando to sell?

brotherly:


this is why the $1 goal makes sense. watch and see

Na there I dey wait WALE and I'll bid Oando goodbye forever

megawealth01:


You wan calculate ba?

Oya do the calculations of $1/unit and see the magic

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.

ositadima1:



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.

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

Oga Rabiu CEM don credit me. So sweet

Testimonies777:
Which stock?

CILEASING

perfectgen:


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?

Not possible. It will still trade at its fair value of #16

Be wise

Alagbalaowo:
Now that we've cleared it, does anyone have any more oando to sell?

Ogaaaa nah when man wake him day break. Oga done wake oooo.

megawealth01:
Oga Rabiu CEM don credit me. So sweet

i got mine yesterday.

i FIXED YOUR SUBMISSION...

mikeapollo:


How is this Oando's business or interest?
Oando now operates in the upstream (exploration and production).
It does not CURRENTLY operate in the midstream (refining) nor downstream (retail distribution).

+10%

MARKETJJC:
OANDO triggered NSE mini bull has end for now. Let us wait for banks to do theirs.

How so?

The term resistance has been abused...

designking:


Exactly my thoughts. More profit taking will happen by Monday till like Wednesday. It has created a new resistance at ₦76+.

KarlTom:
+10%

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

designking:


Exactly my thoughts. More profit taking will happen by Monday till like Wednesday. It has created a new resistance at ₦76+.

Come respect Oando. Something that I'm expecting to get to $1 without resistance

godlyguy:


Not possible. It will still trade at its fair value of #16

Be wise

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

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.

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.