NewStats: 3,261,381 , 8,173,848 topics. Date: Thursday, 29 May 2025 at 05:27 AM 214h2g

Bagwa:
Oando responded

This response from Oando does not answer the question about how much was paid to the musicians (Wizkid, Davido, Burna, etc) for the so called Xmas party.
I wish the lawyers can resubmit another letter asking for specific response to the party expenses.
For me, the positives in Oando's response are the confirmation that a letter to discontinue the buy-out offer has been submitted to NGX, and the share redistribution exercise.

Raider76:
Wale Tinubu’s Bold Path for Oando

https://www.thisdaylive.com/index.php/2025/01/13/wale-tinubus-bold-path-for-oando/?amp

This is just noise without substance. Why this media hype again, at this point when all that matters to shareholders is the share redistribution exercise that is yet to happen?
It is also misleading to say Oando is 30 years old. Oando took over from Unipetrol , which started business in the 1950s (if I am not mistaken), therefore Oando cannot be only 30years old. It is rather Wale's Ocean and Oil that is 30 years old.
This is one of the issues raised in the letter to NGX/SEC by some aggrieved shareholders.

yoruboid:



https://tribuneonlineng.com/2027-ohanaeze-endorses-tinubu-for-second-term/amp/

You have a Peter Obi, yet you are endorsing a Tinubu.
This is how you undermine yourselves

Health3:
Oando good news will appear like a thief in the night. Where is @bagwa?

Abeg, let Oando good news come even like an armed robber in the night.
The security watchmen are awake, more than equally armed and very expectant. We go dagger am immediately!

Leobankx:
The Court of Appeal in Abuja has ordered a fresh hearing in the legal battle over the disputed Kano Emirate involving Alhaji Nasir Ado Bayero.




https://dailypost.ng/2025/01/10/appeal-court-orders-fresh-hearing-into-kano-emirate-tussle-as-sanusi-wins/

This is an opportunity ex-Emir Ado Bayero to be deposed finally.
The Kano State Judiciary and House of Assembly will now grant him full fair hearing, and the case will still be decided in favour of Emir Sanusi at the end, thereby putting the case to rest finally.
Determination of Emirate matters rests solely with the state government and state judiciary, that is why the Federal High Court cannot do anything about it,

megawealth01:
CBN secures N1.47 trillion in subs for 364-day Treasury Bills at 22.6% stop rate
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has revealed a 283.42% oversubscription worth N1.47 trillion for the 364-day Treasury Bills at the auction on January 8, 2025. On January 6, the CBN announced plans to issue Treasury Bills with tenors of 91, 182, and 364 days, set for auction on January 8, 2025

This TB market is my target; once I liquidate some of my investments in the NGX.
Some 20%+ rate can be very useful for some project financing

SmartPolician:
The number of foolish people in Nigeria is alarming. No matter what a politician does, he will still have tens of thousands of people ing him. Nigeria is a sick country.

God bless you for these remarks.
Majority of the Nigerian population fits exactly into what you posted. No wonder there is very little or no meaningful progress in the country

kolexy:


Don't worry, it is a proxy battle orchestrated by a popular newspaper proprietor. Read the post before this.

Yeah.... the court case of $225 owed to FBNH by General Hydrocarbon Ltd, owned by Nduka Obaigbena of Thisday Newspapers!

delpee:
The old Oyo empire extended far and wide indeed.

Old Oyo Empire is not the source of the Yoruba people. Stop diluting history.
Ile-Ife is the source and the people of Ga in Ghana acknowledge it as their source too.

Samantha125:
But what's the reason behind it?

To reduce or manage possible promiscuity which is believed to be a result of an ''untamed'' or uncircumcised clit.
It is believed that an uncircumcised clit makes a woman feel uncontrollably Hot which could make her excessively promiscuous and wayward.

godlyguy:


You do not have such luxury to decide what I type. Do you want to beg for data like that dude of yesterday?

I was only asking for clarification based on the analogy of your prior response.
But it is okay if you are unable to provide a cogent, coherent answer. You are still highly valued and appreciated.
Peace all through 2025 and beyond.

godlyguy:

I don't do cruise. I'm serious minded this 2025. If you act anyhow you see anyhow. If you act peaceful you see peaceful. I stopped talking about oando because people formed deaf hears so no need until that guy mentioned it today

Okay noted.
People are now also forming deaf ears on Japaul, Chams, Deap, Insurance stocks because they see and appreciate the value and potentials that you may not see.

Hope you stop talking about them too, henceforth.?

essentialone1:


Honeywell on Full Bid?

What is cooking in their kitchen?

Honey Well had been undervalued and stagnant for a very long time, due to some restructuring. Such stocks will rise high after some time.
Same thing with International Breweries.

godlyguy:
Those buying japaul, chams, deap, insurance and all these stocks being promoted here hope you know what you are doing? Keep following business men that wants to use you to cash out.
God bless all the honest lovers of truth who speak up when necessary. Anyone that attacks me will be heavily attacked by me. This is 2025

THE BIG SMART GUY

Happy 2025 to you.
It seems you have been very quiet on Oando for sometime now, especially since the release of the Q3 2024 results.
Please don't hesitate to sound your usual note of warning (''be wise'') whenever you see, feel or hear anything fishy or cocky about any stocks, including Oando.
It helps and reminds us to double-check a few things!
I wish you all the best

ndept:
A law firm (THE LAWSMITH - BARRISTER AND SOLICITOR) wrote a letter to Oando yesterday and copied SEC/NGX. Below is the extract and demands:

You will also recall that shareholders were told that Oando Plc could not pay dividends for a straight 10th year running due to the losses suffered in the past years. however, our Clients were disheartened to learn a few days later that Oando Plc held a very lavish and clearly extravagant End-of-year party on 19th December 2024 which featured Burna Boy. Wi2k,'d. Davido, Omah Lay among other music stars to commemorate and mark the 30th Anniversary of your Ocean & Oil Group allegedly at the cost of N7.425biIlion. Our Clients find this expense outrageous and unjustified considering the 31% reduction in the Company's Profit in its Q3 2024 financials and the lack of dividends to minority shareholders since 2013 even though your management staff and Board have consistently received remuneration without fail over the same period.

Our Clients are further unhappy about how the interests of your Ocean & Oil group have consistently been promoted over and above Oando Plc as exhibited in the 2023 Annual Report in which you attempted revisionism to make Oando Plc look like its story began in 1994 when Ocean & Oil was founded. It must be made clear that Oando Plc and Ocean & Oil Group are distinct and separate. They are not the same entity!

As such, we have our Clients' instructions to make the following demands:

As such, we have our Clients' instructions to make the following demands:
1. An immediate publication of the details of the Companies owing Oando P/c, the sums involved. the exact number of shares involved and proposed ratio of distribution. the relationship between those companies and Oando Directors:
2. An immediate publication ofthe cessation ofyour "Oando Co Private "pet project and fi/ing/service ofa Notice of Discontinuance to this effect.
3. A total refund of the sum spent on the extravagant End-of-year party on December 2024 by Ocean Oil Group to Oando P/c.

Good if true; let's wait and see Oando/Wale's response to this letter.

Locotrader:


Ok agreed.
There is metamorphosis of life.
When you enter into another financial level,behave yourself so that people will not see your money as audio money.

How on earth will a billionaire beg for data from a common man?

There is a level I will reach at Nsempa,I will turn to a guest.Will only appear once in a while.

Sorry, don't get me wrong. I was not referring to begging for data.
I was only referring to the possibility of being a billionaire and still present here on this platform.
Peace!

Sunrisepebble:
Would you see 100m units to buy on the floor though?

I agree with your general point however. It's very possible that billionaires are on here. I'm not one yet myself personally but I know how much i've made from NGX and it is not insignificant, yet, I am still here looking for any useful information and to learn.

I think it is also an age thing. Most of the Uncles and mentors I have though, that are genuine billionaires, they do not operate on this platform. They usually just compare notes between themselves

Yes, one can get 100m units to buy on the secondary market e.g. if fortunate enough to get wind of some privileged information and able to mobilize different stock brokers / deal makers

Locotrader:


Billionaires know where they meet.
It's possible for them to be here but on guest mode.
Some people you tagged as billionaires here are portfolio managers.They come here to get knowledge on how to effectively manage clients money.

Loco is just one man squad with a portfolio less than N100m but aspiring to make it big in chams this year targeting N200m by year end.

My brother, never under-estimate what can happen to your fortune and that of others.
One good investment can turn anyone into a billionaire, almost overnight! I am talking from experience.

For instance, some people bought several millions of Ikeja Hotels when it was at N0.9k somewhere in 2023/24. Some people could have easily bought more than 100million units at that time.
Imagine someone bought about 100million units (i.e. just N90m) when it was selling at N0.90k.
The same Ikeja Hotels is selling at over N12 today. That would make about N1.2billion, just like that. Such person would automatically be a billionaire but may not necessarily abandon this platform.
I know what some stocks have done for people and myself; it may sound like a miracle, but it happens and it can happen to you with your current portfolio. You may not put your mind on it, but it can happen.

Locotrader:


You have reduced yourself to nothing before me.

Is a billionaire suppose to be here ?

See how I am struggling to hit 100m naira which I never seen in my life.Do you think if I hit 100m naira today,I will be active here again?

Imagine begging for data and also claiming billionaire....
Haba ......

My guy, it is possible for a billionaire to be here ooo!
Some guys here on this platform already have stocks portfolio worth billions of naira, trust me.
For some, being on this platform also helps guys to be current and learn a few things, in spite of their huge portfolios

helinues:
North West politicians and governors have been the one against the bill. They are on their own as they don't have the number to stop the bill

If the bill/law is unpopular, it will be scrapped or reversed in the future by another government.
This current government will not be in power for ever.. That is the mistake most governments make

Great100000:


Source: https://pmnewsnigeria.com/2025/01/06/deji-adeyanju-commends-tinubu-over-rehabilitation-of-port-harcourt-warri-refineries/?amp=1

Stop the lies and giving credit to the wrong person!
!
The contracts for the rehabilitation of the refineries were executed by Buhari.
Tinubu did it not do jack!
The rehabilitation was more than 95 percent before Tinubu became president.

zero8zero:


https://tribuneonlineng.com/troops-kill-80-bandits-destroy-camps-in-katsina/amp/

Does the Nigerian Army not have armoured tanks? Are they not watching Israel's IDF in action?

Bade007:


https://www.youtube.com/watch?v=Taaxw9_vBWM?si=fW_TePtHxWG_DrjL

Compare these with what you see when Israel's IDF are in operation....the weapons, the kits, gadgets, dogs etc

Locotrader:
You can also consider selling your assets and fix the money at Wema alat fixed deposit then go for goal based loan at 13.3% interest rate for up to 12 months.

This one better assets backed loan at 30% from ucap

I don do the Wema alat goal based loan for 2 or 3 times.Simply the best

You mean the interest rate on Wema's alat goal based loan is 13.3 percent per annum?

ChristRep:

https://www.youtube.com/watch?v=xRwhw5pZBBI

A so-called Pastor or Man-of-God always talking and boasting about carnal things which can equally be achieved by unbelievers and even people of the underworld.
Jesus says Christians should be more concerned about fruits and gifts of the Spirit, which enables one to witness for Him!

SmartPolician:
Nothing dey Ghana. I have never seen a Nigerian who became a billionaire in Ghana.
The day America announces visa-free entry for Nigerians, trust me, we will empty our shithole into America.

In fact, agbadorians, who always claim that Escobar was the best thing that happened to them, will be the first batch of "refugees" to borrow money and fly to America!

Your comments shows how myopic and unenlightened you are.

phemmie06:
https://doclib.ngxgroup.com/Financial_NewsDocs/42836_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_JANUARY_2025.pdf

---

Oando Board Appoints *Mr. Ademola Akinrele (SAN)* as new Board Chairman effectively after the AGM as Oba Gbadebo Adedotun resigned as Chairman, and from the company

I guess we can now expect Oando's share redistribution very soon, after the resignation of the Chairman Board of Directors and appointment of a new one.

zendi:
Team Wale is in a game of suspense against the Jijo Stars Fc of NGX.

Team Wale knows quite well the unholy intensions of the Jijo Stars on shares distribution. Namely, to collect and dump to monetize the bonuses, and then move down to re-enter at a lower junction.

Therefore distribution will not come easy as they expect. It will come like a thief in the night, when the mechanism is in place to frustrate the collect-and-dump game of the jijoist.

Pending that time, let kolanut continue to ferment in the mouth of the mallams who value it.

Those who really love Oando will hold on to it patiently and wait.

You are partly right!
But it also depends on when they release the FY2024 results and the performance therein. If a very good result is released shortly after the redistribution, it may make the price to go even higher.

My aim is to sell part of what I get from the Oando shares redistribution to acquire one or two assets. My initial units acquired still untouched plus some extra units remaining from the redistribution.

Locotrader:


Anyone who wants to eat a frog should look for a big one so when they call you a frog eater ,you will be able to answer.

Selling prestige and consolidated Hallmark for CHAMS has a reason even though all are money spinning stocks

Great!
All the best .

Locotrader:
When you look at the number of shares traded in the last 3 months for a stock of 4.7B shares,you are lucky to be here and lucky to be in for a very long bull

I appreciate and respect your focus and killer instincts on CCHAMS!
When one is cock sure about a specific stocks, you go for it full throttle. Some believe in spreading their investments, while some believe in narrowing doing to a sure best stocks and going all out to maximize the gains, like you have done.
Wish you and all the best of luck!

designking:

Oando announced a share bonus but they didn't realise how complex it is to fulfil such promise.

They are in a delima at the moment... They are still figuring out how they can work around the share redistribution or cash bonus.

Oando has about 268,000 shareholders. It would take the Registrars some weeks to complete the assignment, and get NGX/SEC clearance. Just like what happens after a rights or bonus issue
Just be patient, Oando will mature soon for every shareholder to enjoy the redistribution.

bastardson:


IB is great if I can wait 1yr + ?

I may not be able to say exactly how long it would take for IB to turn around.
But based on historical facts, its industry performance and potentials and being a member of a global brand (AB InBev), the world's largest brewer, I think it as very good prospects in the future or long term (you are the one that can determine how ''long'' the long term you are willing to invest and wait).