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

kolaish:
Behold, why has everybody forsaken Oando at this trying times. There is God o.

Not all am there .

http://www.businessinsider.com/premier-oil-discovery-zama-well-mexico-2017-7
1 billion barrels of oil discovered in Mexico...

rookidmart:
http://www.businessinsider.com/premier-oil-discovery-zama-well-mexico-2017-7

1 billion barrels of oil discovered in Mexico...

OPEC will be frustrated now that oil is easily discovered .. Regulating will become more harder.

Intendy:
Oando MIGHT be placed on technical suspension.

Pls wat will be the faith of OANDO if found guilty ?? personaly i felt more BAD NEWS will be COMING for oando. .

Tritri:



OPEC will be frustrated now that oil is easily discovered .. Regulating will become more harder.

I guess the naira will weaken (a little) in the coming weeks?
Or will the CBN keep pumping dollar with a lower oil price?

Pls when are the results coming.

Nigeria’s Inflation Drops to 16.10% in June 2017
www.businesspost.ng/2017/07/17/nigerias-inflation-drops-16-10-june-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.

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/

Tritri:



OPEC will be frustrated now that oil is easily discovered .. Regulating will become more harder.



Pls wat will be the faith of OANDO if found guilty ?? personaly i felt more BAD NEWS will be COMING for oando. .

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.

Mpeace:
Pls when are the results coming.

Most from 1st week of August

stcool:



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 reign with all his management team.

@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.

Tritri:



@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.

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.

stcool:


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.

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!

pluto09:


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!

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.

stcool:


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.

You spoke my mind brother...

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!

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*

stcool:


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.

This is Trancorp Senior Brother.

OBAGADAFFI:


This is Trancorp Senior Brother.

EXPECT Q2 result with another loss in Billions

Tritri:










EXPECT Q2 result with another loss in Billions

Always declaring Loss with all their Mirage Subsidiaries.

OBAGADAFFI:


This is Trancorp Senior Brother.

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.

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/

stcool:



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 reign with all his management team.

reign or resign
#JOKE OF THE CENTURY#

stcool:


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.

this is pure vexation!

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!

soloniger:
reign or resign
#JOKE OF THE CENTURY#

Oga, post edited...since you are more interested in the grammar than the topic of discuss.

stcool:


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.

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.

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.

makashava:
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!

I doubt it, Oando should bear their cross alone.

Coolcash1:


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 remain the most volatile but quick money stock in the market.

Coolcash1:


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.

That volatility is the KOKO,

Volatility brings profitability if properly timed.