PETERiCHY:


Ask yourself what has really change or what else do you expect from a country where rat chases it president away from office

The market has depressed for too long then mid into the year it started flying without wings courtesy of the MARKET MAKERS PUMP and DUMP strategy.

Now they are looking for those to dump on but investors are becoming wiser.

Mind you next year 2019 campaign will kick off and that will create any GREAT VACUUM so the market has no other direction to go but deep down.

*ThE OcToPuS*

emmanuelewumi:
I

People who don't have the knowledge or time to research companies to invest in are advised to buy mutual funds, but people with the knowledge, experience, time and temperament are better off investing themselves.

Their are classes of investors and I think and I know that mutual fund investors are at the bottom of the pyramid.

vivie01:


Mutual fund investors are not at the bottom of the pyramid these days. An annual yield of 15% or more is not small with options to reinvest your dividend and make withdrawal anytime you need your money.

stokfrick:
The kind bear wen go hit these banks for September no get mate

emmanuelewumi:
I hope Oando faithfuls have heard the latest about the company?

emmanuelewumi:
I hope Oando faithfuls have heard the latest about the company?

emmanuelewumi:


That should be money market mutual funds, the intelligent and knowledgeable investors who played the money market themselves are smiling home with between 20% to 22%.

Tritri:



Pls sir let us know the latest,am heavy in this.

currentprice:


brov are you diezani relative heavy on every stock lock-in d resources in every angle even O and o

Tritri:



lol...aggressive investment

emmanuelewumi:
I hope Oando faithfuls have heard the latest about the company?

currentprice:


what is aggressive again when someone already in position of hundred of millions

take am easy o

Tritri:



Are you seeying TOTAL...?

cadno:

PA Ewumi, pls what is the latest, Ur boy is heavy here too, 50% of my portfolio, since 2015 after Conocco Philip takeover...

Tritri:



Help ooh...PA Ewumi...we're all heavy here ooh.@cadno U mean since 2015 u never sold oando bros wat ur average cost unit be honest....

cadno:


I was even averaging down, my average cost now is N16.17k

cadno:

PA Ewumi, pls what is the latest, Ur boy is heavy here too, 50% of my portfolio, since 2015 after Conocco Philip takeover...

emmanuelewumi:


Nothing much a Federal High Court in Port Harcourt only ordered the arrest and detention of 3 rigs belonging to Oando because of a small debt that should be less than N20 billion.

emmanuelewumi:


Nothing much a Federal High Court in Port Harcourt only ordered the arrest and detention of 3 rigs belonging to Oando because of a small debt that should be less than N20 billion.

emmanuelewumi:


Nothing much a Federal High Court in Port Harcourt only ordered the arrest and detention of 3 rigs belonging to Oando because of a small debt that should be less than N20 billion.

cadno:

Now I think this is the best time to really average down, if this news filters into the market, the price might hit sub N3 again.
Thanks for sharing Sir

Tritri:



mogbe....Nobody needs to tell me..i dan enter 1 chance...@cadno time for u to average down...i really pity us. Sub 3 ke lai lai...not possible...maybe 5.50



[b]Court orders seizure of Oando’s oil rigs over N4.7bn debt
— 24th August 2017
A Federal High Court sitting in Port Harcourt, Rivers State, has ordered the arrest and detention of three crude oil drilling rigs belonging to Oando Energy Services Limited (also known as OES Energy Services Limited) over debts of $15,399,524.84 (equivalent of N4.7 billion) and N14,169,164.80.
The arrest and detention order for the three drilling rigs named OES Teamwork, OES Integrity and OES Passion was made by the court’s Vacation Judge, Justice J. K. Omotosho on August 17, 2017.
The court order was made consequent upon suit number FHC/PH/CS/102/2017 filed by oil and gas logistics services firm, INTELS Nigeria Limited against the three drilling rigs as 1st to 3rd Defendants; Oando Energy Services Limited, Oando Marketing Plc and Oando Plc as 4th to 6th Defendants respectively.
The court ordered the three drilling rigs, moored at the Federal Ocean Terminal (FOT), Onne Port Complex in Onne, Rivers State, to be detained pending the provision of a sufficient and acceptable bank guarantee from either the United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTB), Zenith Bank Plc (ZBN) or First Bank of Nigeria Plc (FBN) by the defendants to cover the debt of $15,399,524.84 and N14,169,164.80.
The amount is owed by Oando Energy Services Limited for general port and facilities services provided at the port for the three rigs over an extended period of time.
Justice Omotosho fixed further hearing in the matter for August 30, 2017. [/b]

cadno:

Now I think this is the best time to really average down, if this news filters into the market, the price might hit sub N3 again.
Thanks for sharing Sir

vivie01:


Mutual fund investors are not at the bottom of the pyramid these days. An annual yield of 15% or more is not small with options to reinvest your dividend and make withdrawal anytime you need your money.

Chibuking81:
For investors that are looking for sound fundamental stock to buy, follow the link below, as you click emphasize a little patient for the whole page to come up.
You will see a wonderful work done by NAIRAMETRIC base on all Nigeria quoted companies stock EPS (TTM) PE Ratio of Nigeria companies as of 18th August, 2017.

There are wonderful stocks that needed attention, likewise there are those that the companies seriously need to work on.

Some companies has and maintain wonderful EPS while some don't maintain, if you are looking for high pay dividend stocks go for those with higher earning.

Go through the link below and thank me later.
https://nairametrics.com/earnings-per-share-and-price-earnings-ratio-of-nigerian-companies/

vivie01:

Yes. MMF. May I ask how its possible for individuals to play it by himself/herself? As for me I dont really have the time to be keeping vigil over such investment.