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Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 3:45pm On Jul 17, 2017 |
Skye Shelter Fund Closure Date Advice Proposed Distribution 700 Kobo per unit Closure Date 15th September 2017 AGM Date N/A Payment Date 29th September 2017 AGM Venue N/A |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 4:22pm On Jul 17, 2017 |
kolaish:Not all am there . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by rookidmart: 4:26pm On Jul 17, 2017 |
http://www.businessinsider.com/premier-oil-discovery-zama-well-mexico-2017-7 1 billion barrels of oil discovered in Mexico... |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:28pm On Jul 17, 2017 |
rookidmart: OPEC will be frustrated now that oil is easily discovered .. Regulating will become more harder. Intendy: Pls wat will be the faith of OANDO if found guilty ?? personaly i felt more BAD NEWS will be COMING for oando. . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by rookidmart: 4:32pm On Jul 17, 2017 |
Tritri:I guess the naira will weaken (a little) in the coming weeks? Or will the CBN keep pumping dollar with a lower oil price? |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 4:36pm On Jul 17, 2017 |
Pls when are the results coming. |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 4:43pm On Jul 17, 2017 |
Nigeria’s Inflation Drops to 16.10% in June 2017 www.businesspost.ng/2017/07/17/nigerias-inflation-drops-16-10-june-2017/ |
Re: Nigerian Stock Exchange Market Pick Alerts by 2zona(m): 4:46pm On Jul 17, 2017 |
So finally, Ucap and Afriprud is set to clash tomorrow closing today at 3.01 and 3 respectively. We wait and see who overpowers who. |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 4:47pm On Jul 17, 2017 |
Equity Market Gains N14b as Niger Insurance Stock Lures Investors www.businesspost.ng/2017/07/17/equity-market-gains-n14b-niger-insurance-stock-lures-investors/ 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 4:48pm On Jul 17, 2017 |
Tritri: Maybe a fine and possible removal/structuring of management, but I doubt if they would be found guilty. Those cowboys have good lawyers, in fact they are lawyers themselves. The problem is they deceived shareholders to approve so many illegalities using capital raising exercise as the backbone. Watch most of their statements they would tell you they got shareholders approval. Oando under Wale is a big fraud and I would continue to say it. He needs to resign with all his management team. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 4:49pm On Jul 17, 2017 |
Mpeace: Most from 1st week of August |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:00pm On Jul 17, 2017 |
stcool: @stcool Thanks for ur opinion but do you think Oscar Onyema/Peter Obi don't know about all the fraudulent illegalities of oando? But this is NIGERIA where u can kill someone for no reason and go free if ur connected...i just hope they r found guilty and punished to send a msg to other COY listed on the exchange to be careful. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:14pm On Jul 17, 2017 |
Tritri: The NSE can not claim ignorance, I remember vividly during the days of stockmarket Nigeria website, where most guys I respect so much in investing where raising the red flag countless number of times about Oando (At a point I was arguing wrongly). They saw it long coming and they pulled out all their investmets in Oando and never went back. Wale is a killer, he killed Oando. Forget about the ConocoPhillips deal. God exposed him. They never had the interest of minority shareholders at heart going into that deal. If Oil price had stayed up, they would have diverted so much including divesting most holdings to their cronies. Have you tried going through Oando financials: Oando bahamas, Oando this & that, so many sub companies under one company you begin to wonder. Go and check the shareholding structure of Oando Energy Resources, the same way they are diluting Oando plc Nigeria, is the same way they are diluting shares in Oando Energy resources. At the end, the real Oando shareholders own nothing in all this deal. But they are quick to raise capital from minority shareholders. God will punish Wale & Co. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 5:24pm On Jul 17, 2017 |
stcool: I feel you bro. I was also among those who were arguing blindly about oando on SMN. I have learnt my lessons and that is why i will not buy into some companies on the nse now no matter the temptation. Those guys are crooks! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:32pm On Jul 17, 2017 |
pluto09: Its quite painful, I pulled out of Oando after loosing money, I had to learn the hard way. Oando is not better that FlourMills, yet FlourMills manages all its subsidiaries prudently and you can clearly see the benefits accruing to all shareholders. But with Oando, 3 Wise Men running the Group feel they are smarter than everybody. See subsidiaries under one company yet no tangible profit: Gaslink Nigeria Limited - 6,950,847 Oando Exploration and Production Limited 3,895,788 3,896,152 Oando Gas and Power Limited - 1,000 Oando Lekki Refinery Limited - 2,500 Oando Port Harcourt refinery Limited - 2,500 Oando Properties Limited - 250 Oando Benin 3,997 - Oando Trading Limited Bermuda 3,435,950 3,435,950 OML 112 & 117 Limited 6,538 6,538 Oando Terminal and Logistics Limited 2,500 2,500 Oando Liberia Limited 6,538 6,538 Oando Netherlands Holdings 2 Cooperative U.A - - Oando Netherlands Holdings 3 Cooperative U.A - - OES Passion Limited 1,752 1,752 OES Professionalism Limited 10,000 10,000 Central Horizon Gas Company Limited - 5,100 Ajah Distribution Limited - 2,500 Alausa Power Limited - 2,500 Gasgrid Nigeria Limited - 2,500 Oando Resources Limited 2,500 2,500 Trading DMCC 917,717 2,717 Oando Oil Limited 5,100 5,100 Lekki Gardens Power Limited - 2,500 Oando Exploration Equator Holdings Limited Oando Servco Nig Limited 1,816 - 1,816 - XRS 1 Limited 18 18 Oando Energy Resources Inc. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:38pm On Jul 17, 2017 |
stcool: You spoke my mind brother... |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:42pm On Jul 17, 2017 |
Oando disposed off key assets of the company including; Sale of Marketing, refining and terminals and Supply & Trading Companies Sale of Gas & Power entities Sale of Akute Power Sale of Oando Energy Services Without any recourse to shareholders. Most of this assets where sold at very huge losses. Take Oando Energy services as example; On 31 December 2015, a Share Purchase and Sale Agreement ("SPA" to sell the entire issued share capital of Oando Energy Services Limited ("OES" to OES Integrated Services Limited (the buyer), a Nigerian company, under a Management Buy-out (MBO) arrangement was signed. A no objection consent was obtained by SEC on 31 March 2016. Oando Energy Services was in a net liability position of N20.92billion and was disposed for a consideration of $1. Consequently the Group lost control and derecognized assets & liabilities of the entity. A gain/(loss) on disposal of N21.4billion and (N46.97billion), have been recognized in the consolidated financial statement and separate financial statement respectively Oando is a great Company...but Wale is the hindrance. Let him resign and you will see price shoot up! |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 5:43pm On Jul 17, 2017 |
I said this 2yrs ago but some doubted it Wale Tinubu and his gangs are the WOLF of CUSTOM STREET. For long OANDO Shareholders fund has been in the negative territory. By the time they are through with the investigation SHARE RECONSTRUCTION will set in. *ThE OcToPuS* 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 5:45pm On Jul 17, 2017 |
stcool: This is Trancorp Senior Brother. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:46pm On Jul 17, 2017 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 5:55pm On Jul 17, 2017 |
Tritri: Always declaring Loss with all their Mirage Subsidiaries. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:56pm On Jul 17, 2017 |
OBAGADAFFI: That is why no matter what TOE does with transcorp I just look and laugh. I jump & pass. Why did he divest transcorp hotel? The day the power business sees the light of the day is the day he would borrow billions, call for rights and divest to payback loan. Look at the Oil blocks Transcorp own, they have made themselves directors. After divesting the power company with nothing for minority shareholders, that is next garbage they would sell to the masses. |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 6:09pm On Jul 17, 2017 |
Investors Panic, Share Price Drop as Market Awaits Outcome of Oando Probe http://www.businesspost.ng/2017/07/17/investors-panic-share-price-drop-as-market-awaits-outcome-of-oando-probe/ |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 6:45pm On Jul 17, 2017 |
stcool:reign or resign #JOKE OF THE CENTURY# |
Re: Nigerian Stock Exchange Market Pick Alerts by shigidi(m): 7:07pm On Jul 17, 2017 |
Re: Nigerian Stock Exchange Market Pick Alerts by makashava(m): 7:28pm On Jul 17, 2017 |
stcool:this is pure vexation! |
Re: Nigerian Stock Exchange Market Pick Alerts by makashava(m): 7:38pm On Jul 17, 2017 |
The current reality facing oando might force down some other blue chip stocks the likes of transcorp, fbnh, as we see things develop in few days time. Fundamental drives the NSE! |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 7:41pm On Jul 17, 2017 |
soloniger: Oga, post edited...since you are more interested in the grammar than the topic of discuss. |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 7:55pm On Jul 17, 2017 |
stcool: Guy you don't need all this ranting on Oando...Oando is not a stock you can invest for long term. It's purely a short term stock. Anyone that doesn't want to suffer heart attack should forget buying the stock for keep. Just ensure you enter at a good price and exit after making your margin..It remains the most volatile but quick money-making stock in the market. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 7:58pm On Jul 17, 2017 |
makashava: I doubt it, Oando should bear their cross alone. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 7:59pm On Jul 17, 2017 |
Coolcash1: |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 8:04pm On Jul 17, 2017 |
Coolcash1: That volatility is the KOKO, Volatility brings profitability if properly timed. |
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