Utalinmou:


Please is this carpdinal stone app?

Streetinvestor2:
The 2023 results is a good sign.i never looked at oando results in the past before going in.The results if it is genuine without manipulation. Then it is a company working hard to turn things around for good.
The management should work on thr personal integrity in the eyes of investors.
The remaining quater results will still show better improvement for income mostly forex gain which boosted 2023 results. In other comprehensive income
It will hit 100 plus when suspension is lifted soon.
I just took malaria injection it is making me see figures double @ osita.
I pray thr is no manipulation in the results for any reason as oga Emma said they changed auditors to lower firm.

ositadima1:


Prediction is very much an art. Your valuation of GTCO, for instance, is also an art because you made assumptions to arrive at a specific number. You do have a number in mind that you believe reflects GTCO's value, right? How did you arrive at that number, and what assumptions did you make?

Applying concepts logically is always better than ignoring them (in your case saying it is futile) . Someone who doesn’t calculate and simply assumes GTCO is undervalued is likely to get burned sooner or later if they don’t know where to stop buying. This is just an example to illustrate my point.

emmanuelewumi:




In 2008 FBN securities asked clients whose portfolio was less than N5 million to transfer their accounts to other houses.

Cardinal Stone was newly established then, they just captured the clients given Red card by FBN securities, fast forward to 2020 and beyond Cardinal Stone started getting more businesses than FBN Securities

emmanuelewumi:



It wss a tme when some diasporians relocated and were offered management positions in some of the big stockbroking firms, it was also a time when mutual funds management was at infancy stage.

So these guys came up with some crazy policies.

N5 million of 2008 should be equivalent to N20 million of 2024.

I remember when I wanted to sign for a margin loan of N2 million from FBN Securities in 2004, my hand was shaking like person wey get epilepsy .


The loan was invested in the shares of Wema bank and it came out fine with a profit of about 120% after loan was repaid

chimex38:

Imagine.

Typical First bank businesses
First to start, bottom place years later.🤦

Agbalowomeri:


5million of 2008 is equivalent of 58/60mil in 2024

Raider76:


Probably the President directing NNPC and marketers to buy from Dangote Refinery. They seem to bowing down to the inevitable

pluto09:


You hold dollar cash

emmanuelewumi:



Loans can be renegotiated, you can also get loans to service a loan

GeeKudi:


I dey tell you.

I was already making plans to go borrow like 10M for the stock before the cautionary note came from Sunrise

The hyping was top notch, especially coming after the OANDO miracle. That miracle lend some belief that if it happened with OANDO, it can happen with any stock poised for it.

Streetinvestor2:
It should be 40M plus @190 dollars

SonofElElyonRet:


So you intend to keep buying until it gets to your expected N150?

designking:

Yes ooh... Every die na die. No retreat no surrender.

It is a gamble I am willing to take. I have a gut felling it is going to bounce back before close of the month. It is more profitable to me if it keeps Deeping 10% daily till it gets to ₦150.

Sunrisepebble:
There’s nothing wrong with the company, it is very solid and it pays good dividends. There was a release in Bloomberg today, the SPDC deal is even back on. If you’re an investor, you won’t be worried about dips in a strong stock, unless you’re gambling, but some people jumped in thinking they’d make quick money. I’m just clearing the air in case people think I was MH. I advised on everything down to the risks

Princkez:
Were are those that said OANDO result is not coming out today...oya show your face,OANDO we move

MARKETJJC:


Yes, senior bros

OANDO 2024 results will be tsunami

KarlTom:
This is massive

10% on Monday?

emmanuelewumi:



Madam try to read the auditors report on pages 10 to 19.

Comprehensive loss of about N200 billion

jonnysessy:
Oando don give us assignment. Thank God it is Friday. The whole of the weekend will be enough for SA, TA, FA, charts, double - bottom and double- top. Before Monday, the whole thing will surely clear. This Wale man tried this time without giving excuse again. I hope with this NGX will lift the technical suspension immediately. Or will it still be suspended? I need to make some money here to compensate for Aradel

MARKETJJC:


we are on course to sort that and head to promise land, Oando is the new future

yMcy56:
OANDO PRESS RELEASE
https://doclib.ngxgroup.com/Financial_NewsDocs/42576_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_NOVEMBER_2024.pdf

* Operating profit up by +961% !

jonnysessy:


Have you lifted the technical suspension @ NGX ?

robobo:
. Nice breakdown and thank you for it. We should expect release of all results (Q1, Q2 and Q3) up to date by Monday (or during the week a most). WT/OJT sure knows how to mess with people mind. My advice to both protagonist and antagonist is to never be too serious with the results. Me na fun i just fey catch by the sideline

chimex38:

I believe you did the best you could, even if it it had gone upward.
You even indicated you sold before it listed.

There were pros and cons in the thread.
People made their choices. No one shld blame anybody.
But learn from it.

Weldone.

bovali:


Key takeaway: They are not delisting

Current Equity Talks and Debt Management:

• Equity Raising: The company has indicated that it is in active discussions with potential equity investors. This step is part of its broader plan to bridge the funding shortfall that remains after debt refinancing. Management has noted that these equity injections are crucial for covering approximately 46.4% of the funding gap that will not be resolved through debt restructuring alone.
• Debt Refinancing: While refinancing existing debt is a significant part of Oando’s strategy, this alone is expected to address only about 53.6% of the funding gap for the fiscal year ending December 2024. The success and timing of these equity talks are crucial, as delays or failures could significantly impact the company’s financial health and ability to continue as a going concern.