angelo82:


Time to make millions then..................

The publication was wrong the loan was actually FBN $370million, SKYEBANK $120million which brings the total to $490million.

Elephant wants to fly!

D manipulation wen dey for Dis NSE nor be here!

megainvest:
Elephant wants to fly!

Yeah if OANDO fail to pay their loan we go and auction all their properties.

EXPLANATION NEEDED CONCERNING OANDO RIGHT ISSUE

Pls someone who understand this market tell me if this is a good or bad news.i am tired of listening to plenty people here like peterichy and co.i dont see facts in all their comments.will this news drive the price or reduce the price.pls analysis...................

locodemy:
EXPLANATION NEEDED CONCERNING OANDO RIGHT ISSUE

Pls someone who understand this market tell me if this is a good or bad news.i am tired of listening to plenty people here like peterichy and co.i dont see facts in all their comments.will this news drive the price or reduce the price.pls analysis...................

No one can say except the market. The more u look, the less u see

PETERiCHY:


Yeah if OANDO fail to pay their loan we go and auction all their properties.

Including Wale

locodemy:
EXPLANATION NEEDED CONCERNING OANDO RIGHT ISSUE

Pls someone who understand this market tell me if this is a good or bad news.i am tired of listening to plenty people here like peterichy and co.i dont see facts in all their comments.will this news drive the price or reduce the price.pls analysis...................

i love how NAIRAMETRICS analyse stocks.he has answered my question.i discovered that they even have big shareholders who always take the rights.i think their will be boom in the price after december 7 AGM meeting.

chillykelly86:


Locodemy, I won't advise you to tow that path, please.

Juices and bitters are better analyzed with the benefit of hindsight. Its not always so in going concerns.

Disclosure:- I offloaded BTW 7.9 and 8.68 at a loss (average price of 18+)

Really admire your step.
better late than never.
One of the best decisions I've seen someone taken this month

locodemy:


i love how NAIRAMETRICS analyse stocks.he has answered my question.i discovered that they even have big shareholders who always take the rights.i think their will be boom in the price after december 7 AGM meeting.

Confirmation bias

Dog wey want lost, e no dey hear him master voice.

Rights issue ko, lefts issue ni!

PETERiCHY:
"Brent is heading to $20 per barrel"

*ThE OcToPuS *

[http://www.bloomberg.com/news/articles/2015-11-16/opec-export-price-falls-below-40-for-first-time-since-2009]

The average price of crude sold by OPEC fell below $40 a barrel for the first time 2009, underscoring the financial cost of the group’s strategy to defend its market share.

The daily OPEC Basket Price fell to $39.21 a barrel on Nov. 13, according to an e-mail on Monday from the organization’s secretariat in Vienna. The basket, an average of export grades from each of the group’s 12 members, typically trades below international oil futures as some OPEC nations pump denser or higher-sulfur crude that’s less profitable to refine.

Oil has slumped since the middle of last year as the Organization of Petroleum Countries keeps output elevated to pressure rivals it sees as responsible for creating a global surplus. A decline in production among its higher-cost competitors including U.S. shale drillers has now slowed, with output still above last year’s level.

With OPEC members’ revenues diminished, the group may reconsider its approach if the price slump persists, according to the International Energy Agency.

Youngzedd:


Tell me more about FBNH sir.

Regarding your your comment.

My point was that I would choose UBA over FBN with the current situation of things.

locodemy:
EXPLANATION NEEDED CONCERNING OANDO RIGHT ISSUE

Pls someone who understand this market tell me if this is a good or bad news.i am tired of listening to plenty people here like peterichy and co.i dont see facts in all their comments.will this news drive the price or reduce the price.pls analysis...................

You already know what you want to hear, your are only waiting for confirmation and approval.

Africa's richest man resigns from Dangote Flour as Tiger Brands cuts funding

http://uk.mobile.reuters.com/article/idUKL8N13B33S20151116?irpc=932

6 Harsh Truths That Will Make You a Better Person...

http://www.cracked.com/blog/6-harsh-truths-that-will-make-you-better-person/

I believe this article will be useful for BNSITLs' and enriched our ways of life!


Quote:"People quit because it takes too long to see results, because they can't figure out that the process is the result".

This is becoming too much. In fact not acceptable.

How can regulatory authority want to force oando shareholders to vomit the interim dividend they have eaten since 2014? Now the want to make things worse.



"The shareholders of Oando Plc could be on the hook to return the dividends it wrongfully paid out of profits going by the provisions of the Company and Allied Matter Act of Nigeria (CAMA). Auditors of Oando Plc Ernst & Young had in the company’s 2014 annual report confirmed that Oando had contravened section 379 of CAMA......."





http://nairametrics.com/cama-oando-shareholders-could-be-made-to-refund-dividends-paid-in-2014/

Elai147:


My point was that I would choose UBA over FBN with the current situation of things.

But FBNH seems to be performing better than UBA currently.

megainvest:
Dog wey want lost, e no dey hear him master voice.

Rights issue ko, lefts issue ni!

Locodemy, at the risk of over-flogging issues, I'll strongly advice you to look elsewhere.
This scenario has played out before to a lesser extent, in Unity Bank. Please, don't be carried away; hearken to well-meaning veiled caution from concerned people on here.
Its not like bargains are scarce on the exchange now.

you are joking man........you cant auction their properties...

Agbalowomeri:


Including Wale

wisest decision......

Intendy:

Really admire your step.
better late than never.
One of the best decisions I've seen someone taken this month

chillykelly86:


Locodemy, at the risk of over-flogging issues, I'll strongly advice you to look elsewhere.
This scenario has played out before to a lesser extent, in Unity Bank. Please, don't be carried away; hearken to well-meaning veiled caution from concerned people on here.
Its not like bargains are scarce on the exchange now.

They are gradually becoming scarce. What with unity bank, wema and Diamond carrying negative sentiments and now oando, fmn, Cadbury, Guinness, unilever slowly joining the fray,

ihedioramma:

Wetin do ya mouth since Friday… anyway we thank God

kingcharlesD:
you are joking man........you cant auction their properties...

So you mean if OANDO don't pay FBN back their loan we cant auction their properties

Make una no worry when we are done with WALE and his GANGS they will be left with only their FORWARD LOOKING STATEMENTS

Intendy:

Really admire your step.
better late than never.
One of the best decisions I've seen someone taken this month

That is the best thing to do. Leave wale tinubu and his stock of doom alone while you look for a better stock to make your profit.

locodemy:


i love how NAIRAMETRICS analyse stocks.he has answered my question.i discovered that they even have big shareholders who always take the rights.i think their will be boom in the price after december 7 AGM meeting.

"Fly were refuse to hear word go soon follow dead body enter grave"..... Oga Locodemy, i wish you all the best.

PETERiCHY:
LAGOS Nov 16 (Reuters) - Nigeria's Oando Plc plans to seek shareholders' approval next month to raise up to 80 billion naira ($402 million) through a rights issue and spin off its power and gas subsidiaries, the energy firm said on Monday.
Oando, with dual listings in Johannesburg and Toronto, will also seek approval on Dec. 7, to issue new shares in lieu of convertible debt owed to two shareholders.

http://af.reuters.com/article/nigeriaNews/idAFL8N13B2BX20151116?feedType=RSS&feedName=nigeriaNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAfricaNigeriaNews+%28News+%2F+Africa+%2F+Nigeria+News%29

My friend told me they will want to raise cash again from the market. Fellow NSEMPA, please avoid buying oando as it is obvious it is heading for destruction. The signs are just too glaring. You have been warned but the decision is still yours to make.

I will have to bring SEC and NSE attention to this.

DeRuggedProf:



WHERE IS SEC

It is better for us to play our own part in informing sec, nse about this. Investors should be protected from this scam.

mercylicious:


Adonbelieveit!

It is true. I said it some weeks back when i was informed that oando is planing to come up with right issue or a way to raise money from the market. Why do you think that the current price of oando is being manipulated to stay afloat? Better avoid oando. My 2cents

Elai147:


My point was that I would choose UBA over FBN with the current situation of things.

Both are good stocks but i will chose UBA.