[quote auth or=Peterjosh post=84336163]
How come you said borrow...

[/quote]

I don't want you to use your money, you will be too relaxed and miss the necessary emotional roller coaster experience. ...

DeRuggedProf:


I don't want you to use your money, you will be too relaxed and miss the necessary emotional roller coaster experience. ...

Smiles... I have blood pressure issues

DeRuggedProf:


I don't want you to use your money, you will be too relaxed and miss the necessary emotional roller coaster experience. ...

Baba, you bhadt gaan.

leo1234:



Are you saying that the person recommending oando is a fool?

Na you talk am o....

Good news for shareholders


https://m.guardian.ng/business-services/sec-cancels-banker-confirmation-in-e-dividend-registration/

As at September 2019,

Borrowings of Oando stood at N220.06bThis is inclusive of lease liabilities
Trade and other payables stood at N275b
Intangible assets at N430.8b
Negative retained earnings at N118b
Trade receivables at N113.8b

From the revenue side

Finance cost at N34b
PBT was a loss of N9b

What are the assets left with Oando Group and how much of these assets are owned by Oando shareholders.

This is a stock that should be avoided like a plague. The company is not an operator in any of its Oil assets because they do not have the competence to manage such. The Gas business is gone, the downstream marketing business is gone too. The upstream ownership is too complex and you wonder what portion of this belongs to Oando.

The company is a testimony of how not to run a company. Will people make money in the short term, YES but will it end in tears or joy. They will come back and tell us the stories when it is time.

Good morning house. A blessed day to everyone. Amen

Chibuking81:


How did they pay their debt? By selling most of their subsidiaries and their assets, not mainly from their gain. Anyway it's good to settle their debt, but in raising fresh money will be in the way of right issue, and will neutralize their price the more immediately after the offer, because the number of their outstanding share will rise.

Their debt is still huge 300 million dollar.
300 million dollar is equivalent to 108,750,000,000.00 Nigerian Naira ( one hundred and eight billion, seven hundred and fifty million naira)

[quote author=Peterjosh post=84336717]
Smiles... I have blood pressure issues[/qAnd you wan do stock..Umh

Pre mkt

Zenith
- trading abv prev week close (doji week , so +ve price action is d sig u want to see),
- also firms up support above N18.50 level)

#swingBuy

Another technical bottom forming Example:

ETI
prev CP: 7.05
- Increased volume at close of week hitting highest daily vol MTD (4.7 units traded)
o Prev month vol 19.6m vs MTD vol 26m (increased volume at support , price defending prev yr low )
- Price finds strong Support above N7.00 and forming a higher low, technical reversal forming (called dd bttm, see uba and co prev)
o PIVOT: Prev mth close 7.10 (daily close abv confirms reversal )
- PIVOT 2: Weekly close above 7.50 is adds further confirmation trigger ,

#random

don't get shaken out folks
have a blessed week and month end

Peterjosh:

Smiles... I have blood pressure issues

Lol....
Welcome Mr PeterJosh!

E ku Market o.
Zenith fighting hard to rise to the challenge, let's hope the big guy didnt show up to dump this week again........
Wema gaping up so far.......
Chams, Lasaco on full bid.........
Fidelity on the move. Will FCMB follow suit? We're observing.....

fxuser:
Pre mkt

Zenith
- trading abv prev week close (doji week , so +ve price action is d sig u want to see),
- also firms up support above N18.50 level)

#swingBuy

very short term issues
- big trades at n19.50 early while price sinks back below N19 level
(MM dump on FOMO and will buy back lower . . who knows)
- no immediate traction yet , price may stay in dis accumulative FA range a lil more

fcmb / fidelity
N2 is d new support , dont sell support

Mcy56:
E ku Market o.
Zenith fighting hard to rise to the challenge, let's hope the big guy didnt show up to dump this week again........
Wema gaping up so far.......
Chams, Lasaco on full bid.........
Fidelity on the move. Will FCMB follow suit? We're observing.....

I see Zenithbk falling very hard today. immediately the market open the dumper quickly raised his bait to N19:50k in other to catch more fishes

BARGAIN HUNTERS TAKE NOTE!

DeRuggedProf:


Charts don't lie.
An explosive eruption forming, the longer the delay, the unluckier the Seismometer......

good weekly close also on vol

Guys is Interswitch listed on NSE?

Lasaco Assurance has been consistent with dividend payment for the past few years now.
A stock selling for 25k as at now paid 5k to shareholders for YE 2018.
Plan for Private Placement to 'strategic/selected investors' at 1.20k per share is ongoing.
Watching this one. Time will tell.

Caveat: Not monkey hunting, just trying to get more details about it.

Mcy56:
Lasaco Assurance has been consistent with dividend payment for the past few years now.
A stock selling for 25k as at now paid 5k to shareholders for YE 2018.
Plan for Private Placement to 'strategic/selected investors' at 1.20k per share is ongoing.
Watching this one. Time will tell.

Caveat: Not monkey hunting, just trying to get more details about it.

Interesting.

Mcy56:
Lasaco Assurance has been consistent with dividend payment for the past few years now.
A stock selling for 25k as at now paid 5k to shareholders for YE 2018.
Plan for Private Placement to 'strategic/selected investors' at 1.20k per share is ongoing.
Watching this one. Time will tell.

Caveat: Not monkey hunting, just trying to get more details about it.

interesting stuff

OBAGADAFFI:
Guys is Interswitch listed on NSE?

Not listed.

Mcy56:

Not listed.

Thanks .


Was reading Interswitch reported
$15m in profits after tax in 2016,
$19.2m in 2017
$23.3m in 2018.

OBAGADAFFI:
Thanks
Was reading Interswitch reported
$15m in profits after tax in 2016, $19.2m in 2017 $23.3m in 2018.

Maybe somebody else should cross check too.
......but there are quite a number of companies not listed and are doing fine, some pay dividend to their shareholders as well.

Forte Oil
AGM: 17 Dec, 2019
Change of Name: Name to be changed from Forte oil to Ardova Plc.
500k Take Over Offer closes today 25th Nov 2019.
http://www.nse.com.ng/Financial_NewsDocs/28307_FORTE_OIL_PLC._CORPORATE_ACTIONS_NOVEMBER_2019.pdf

Pastor Veecovee did you eventually fill the form and submit?

Mcy56:

Maybe somebody else should cross check too.
......but there are quite a number of companies not listed and are doing fine, some pay dividend to their shareholders as well.

I think the company is not LISTED, I have also checked.

Wema
- consolidating abv 70k (good structure)

Homextras:


Lol....
Welcome Mr PeterJosh!

PETERiCHY:


It's such ANALYSIS that leads to PARALYSIS which made alot of folks miss on DIAMONDBK & DANGOTE FLOUR windfall.

"BECAREFUL NOT TO BE TOO CAREFUL"

HISTORY is about to repeat itself.

BARGAIN HUNTERS TAKE NOTE!

With due respect, Sir, if you're comparing Oando with "Diamond & Dangflour", then you're accepting the company is troubled and needs rescue. And unless you're privileged to have preknowledge of such rescue plans, any position in Oando is speculative.

You cannot, on one hand, use companies that were obvious going concerns before a "saviour" showed up to justify a buy recommendation on Oando and on another hand, argue that all is well with the same Oando. Its like speaking from both sides of the mouth.

GT on the move ......
Zee: The big guy is still in the market.....

chillykelly86:


With due respect, Sir, if you're comparing Oando with "Diamond & Dangflour", then you're accepting the company is troubled and needs rescue. And unless you're privileged to have preknowledge of such rescue plans, any position in Oando is speculative.

You cannot, on one hand, use companies that were obvious going concerns before a "saviour" showed up to justify a buy recommendation on Oando and on another hand, argue that all is well with the same Oando. Its like speaking from both sides of the mouth.

All I'm saying is that OANDO worst DAYS are OVER they've done aggressive RESTRUCTURING & DOWNSIZING which means things can ONLY get BETTER.
Buying @ sub N4 is a VINTAGE POSITION ..QED.

UACN, NEIMETH,

finally penny stock WAPIC has joined the insurance bull

Fcmb/Fide......bull relaxing and busy taking energy drink...
The Elephant is lazy today, waiting for hot money, maybe they are stuck in traffic on their way to Customs Street.....