Mpeace:
Thanks alot. Na so dang foods go come, like a thief in the night

E go too sweet

I will most definitely be back to point out another big fish when it becomes available. For now I want to enjoy the fruit of my labor and make plans for my realized loot

KarlTom:
👍🏾

PS: hang around. We'll appreciate future hints on acquisitions et al

Sunrisepebble:
What are you finding there. Coincidentally this question dropped at my table yesterday. No info on the stock besides that they did private placement a few years ago. Also doing DD

I found that they supply drilling mud and bits. They are also doing services in logistics similar to Caverton and CI leasing. Can't find any financial statements except some mention of figures in the press during the Yahoo days of the market around 2006.

Kindly share what you ultimately find and what your investors decide to do.

Nigerians spending hugely on beer despite harsh economy. We now see why folks invest in NB, IB, GUINNESS ETC

https://www.nairaland.com/8236092/kukah-centre-laments-spending-beer

The information I have currently is that there’s a link to the Dangote refinery. And a couple of days ago almost 10% of its os was traded. I’ll share more info when I find it.

Raider76:


I found that they supply drilling mud and bits. They are also doing services in logistics similar to Caverton and CI leasing. Can't find any financial statements except some mention of figures in the press during the Yahoo days of the market around 2006.

Kindly share what you ultimately find and what your investors decide to do.

Sunrisepebble:
The information I have currently is that there’s a link to the Dangote refinery. And a couple of days ago almost 10% of its os was traded. I’ll share more info when I find it.

Great. Thanks

KarlTom:
OandO. +2.79%
ETERNA. ±

Attention, Bagwa, and others.
Is today's Oando court a night session?
No stunt is beyond senior cowboiz of pulling off.
I've camped all day around Google and nairametrics, yet no updates.
I just want to hear the latest from the Judge's lips on that matter.

aj8:




LASACO cleared for take off based on the strategy. Buy if you can.
1.7x2 x4 = should comfortably do 100% . Target will be 4.00 for now and reappraise as we edge up.


Due diligence still necessary should incase we’ve missed something important.


Thanks to @pluto09, we overlooked a capital injection of 10bill. This recommendation is no longer valid.

How do you calculate or arrive at the Target Price of a stock? Not just for LASACO but generally

Princkez:
hmmm...geo gini?

Geography

unite4real:


how is it good compared to the market price?

Book value is around N20. Market price N1,150

PE is around 118 to 120

forward PE should be around 89

That is how they find value for the future in stocks...lol

zendi:

Attention, Bagwa, and others.
Is today's Oando court a night session?
No stunt is beyond senior cowboiz of pulling off.
I've camped all day around Google and nairametrics, yet no updates.
I just want to hear the latest from the Judge's lips on that matter.

No any serious court case again,Wale and Co already accumulated alot of Oando at lower price below 10 Naira while you are afraid of delisting. They fought for it behind the scenes.

You will never see any official court sitting announcement again

yMcy56:

Sorry OakPearl
I thought it was Oga Pluto09 that asked me . 😁
We argued on Mansard when it was selling below N2, today, we all know where MANSARD is......so I don't want to go into any argument on Lasaco again. 😊
...but I won't want to discuss on LASACO now.......I've said the little I know about it in the past...
If there be any more info, I may again share.

No worries.

Bagwa:
No any serious court case again,Wale and Co already accumulated alot of Oando at lower price below 10 Naira while you are afraid of delisting. They fought for it behind the scenes.

You will never see any official court sitting announcement again

That will be nice.

Bagwa:
No any serious court case again,Wale and Co already accumulated alot of Oando at lower price below 10 Naira while you are afraid of delisting. They fought for it behind the scenes.

You will never see any official court sitting announcement again

There should actually be an official court sitting announcement where the case should be official withdrawn or dismissed.

Anything short of that would be WT keeping to his unclean way, because it only leaves a backdoor that can later be exploited.

robobo:



There should actually be an official court sitting announcement where the case should be official withdrawn or dismissed.

Anything short of that would be WT keeping to his unclean way, because it only leaves a backdoor that can later be exploited.

Don't mind oando monkey hunters anything to move their demigod property up. Result they refuse to release even the court matter secretive. What did that oga say about leopard again?

Be wise

godlyguy:
You can all see that Oando and their marketers don't seem to have the sincere interest of their shareholders at heart.

They don't mind circulating old news just to market it. The politics around it and media hypes is what people are buying for the moment so they have to keep dishing out recycled news to keep the price within a particular range until it gets to their target so they can raise funds from the same people that have not benefited anything since they started this wayo years back. I pity the unsuspecting. You are dealing with manipulative heavy money bags

New entrants should be very careful of this government, Oando and their many marketers here and on many other fronts. See what the government is doing to Alhaji ref. And you want to believe them on this Oando packaging? Someone said E go cast and everyone wants to swallow him.

Safeguard your capital/money newbies until they do the needful and not just selling hopes in hopeviles by whatever means possible

Be wise

Remember this always

godlyguy:


Don't mind oando monkey hunters anything to move their demigod property up. Result they refuse to release even the court matter secretive. What did that oga say about leopard again?

Be wise

If I was a newbie you claim to be “protecting or advising”, and you keep sounding like this endlessly, I’d be worried about the veracity of your “be wise” mantra.

OakPearl:


If I was a newbie you claim to be “protecting or advising”, and you keep sounding like this endlessly, I’d be worried about the veracity of your “be wise” mantra.

,

aradel to list. 4344m unit. 469.95naira

QED...

OakPearl:


If I was a newbie you claim to be “protecting or advising”, and you keep sounding like this endlessly, I’d be worried about the veracity of your “be wise” mantra.

Are they listing on the NGX at the value of the share split

Yemy3m:
aradel to list. 4344m unit. 469.95naira

Yemy3m:
aradel to list. 4344m unit. 469.95naira

Stanbic made a mistake. They have corrected themselves already.

@sunrisepebble do you know the listing value?

SDARADEL closed at ₦701.14...

Oh. Thanks for that.

I was wondering why the huge difference...

Xidget:
Stanbic made a mistake. They have corrected themselves already.

It’ll be last close price tomorrow, the stock should trade tomorrow but I’ve head there were efforts to stop it today. NGX made an error in stating the listing price will be 469.95 but they’ve now retracted, was an error from where they got the information from.

KarlTom:
@sunrisepebble do you know the listing value?

SDARADEL closed at ₦701.14...

Thank you

Sunrisepebble:
It’ll be last close price tomorrow, the stock should trade tomorrow but I’ve head there were efforts to stop it today. NGX made an error in stating the listing price will be 469.95 but they’ve now retracted, was an error from where they got the information from.

robobo:



There should actually be an official court sitting announcement where the case should be official withdrawn or dismissed.

Anything short of that would be WT keeping to his unclean way, because it only leaves a backdoor that can later be exploited.

Ohkey

crownprince2017:


Because the market was negative for two days now means people are pulling out their money. Chai..

So market must be positive every time to indicate all is well.

Investing investor weldone..

Newbies done plenty for this thread na. Instead of them to keep quiet and learn to gain knowledge, they are churning out iya basira mamaput economic theories.

Akpaamunsi:



Newbies done plenty for this thread na. Instead of them to keep quiet and learn to gain knowledge, they are churning out iya basira mamaput economic theories.

You don't have to blame them.Some people here have made them believe that nse is now a place for quick money through jijo because of thr own MH.So if they come to market any day and see red they begin to shout. The nse is now new discovered naija bet to hammer within a month.
One oga here once posted question like,which stock can give you 50% in a month. And I raised alarm about such which made me become a hater to him and his likes
No wahala...I bring peace

ositadima1:


Haba, shebi una Oando discussion was running into tens of pages, we beared it, so bear with us.

https://saharareporters.com/2024/10/09/gicn-condemns-continued-detention-seun-odunlami-3-other-journalists-detained-allegedly

Trouble dey sleep Iyanga go wake am. I believe GICN could have a better way of handling their so called finding about GTB, than their press release. Either the want to gain popularity/ notoriority. Either way, what they are seeking for had been found. This nation just have too many things to talk about, you won't finish discussing one and another one will rear it head again. The larger picture is crazy, one is going about looking for a daily bread, they just won't allow you do that. If it is not fuel increment, it will be new amount for license, banks recapitalization, banks upgrade, or subsidy is gone forever. There will always be one topic to divert people's attention from Government mismanagement of the resources. It is well.
This Government really dey pepper everyone.

A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or operating an existing one.

According to the bill, titled “A Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States, and Local Governments; Prescribe the Powers and Functions of Tax Authorities, and for Related Matters”, this legislation aims to enhance tax compliance and improve the country’s revenue collection process.

The bill, obtained from the National Assembly and dated October 4, 2024, stated, “A person engaged in banking, insurance, stock-broking, or other financial services in Nigeria shall make the provision of a tax ID, a precondition for opening a new account or operating an existing account.”

This requirement is part of broader efforts to ensure that all individuals and entities participating in financial activities are properly registered for tax purposes.

The bill also outlines that any non-resident person supplying taxable goods or services to any individual in Nigeria or deriving income from the country must register for tax purposes and obtain a Tax ID.

However, non-resident individuals who derive only passive income from investments in Nigeria will not be required to register, although they must provide relevant information as prescribed by the relevant tax authority.

The proposed legislation also empowers the relevant tax authority to automatically register and issue a Tax ID to individuals who should apply for one but fail to do so.

In such cases, the tax authority is required to promptly notify the individual of their registration and the issuance of the tax ID.

Failure to comply with these requirements may result in administrative penalties. According to the bill, a taxable person who fails to register for tax will incur a penalty of N50,000 in the first month of non-compliance, followed by N25,000 for each subsequent month.