NewStats: 3,259,837 , 8,170,949 topics. Date: Monday, 26 May 2025 at 05:43 AM 4z1y

SonofElElyonRet:

Cos your tone is bitter and highly disrespectful. Election is over. Enough of the bitterness

I laugh! Election? What is my business with who wins the election?
Peoples' lives, wellbeing, future prospects, education, career etc are been jeopardized by bad economic policies.
Savings and investments have been eroded due to his terrible economic policies. Many have lost foreign school issions or cannot continue because of currency devaluation etc.
How can we be talking about investments and be oblivious of the effects of govt economic policies which ultimately determine the direction, flow, value and fate of investments, in both capital and money markets.

I criticize him because of his display of arrogance and show of no remorse for the suffering he has inflicted on the nation..

Emir01:



Saying those words are not the bone of contention but saying someone "gate-crashed" into Aso Rock is synonymous to a common ridiculous rhetoric.

So you think it is right for someone's father to be insulted because of a ''common ridiculous rhetoric''?

''Gate-crash'' in this context is neither an accusation nor an insult. It only means that some has benefited by exploiting the weakness or loopholes in the system.
Many have ''gate-crashed'' into event centers, lecture halls, commuter buses, theatre halls etc. when the security system at the entrance/gate failed! The people may later pay the right entry fees but, this time, they are already seated inside the hall or bus.
In this particular instance, ''gate-crashing'' means that he became president but he did not win 50%+ of total votes cast because the weaknesses in the Nigerian electoral system allowed it (the normal thing is to win 50%+ of the votes as obtains globally).
But the reaction was to insult my father who did not campaign for any public election, and who has not implemented any policy that has inflicted so much economic hardships on the innocent poor masses of this nation, and even on the capital market where we seek to invest and make some money.

SonofElElyonRet:


You can not say with objectivity that Tinubu is clueless! You might not agree with his policies but he is most definitely not clueless and incompetent!
I guess you and Emir are a perfect fit!
NB. I am Yoruba but ed Atiku in the last election so it's not about tribe or party

All that is required is for those who believe Tinubu has done well to state their case.
For instance, If I say he is clueless, they can say he is a master strategist.
If I say he is incompetent, they can say he has performed excellently well etc.
I I say he is a disaster, they can say he is a saviour etc

But if I say he is incompetent, and the only thing these people can say/do is start insulting someone's father etc. It does not make sense. It only shows they are empty and have nothing meaningful to counter what I said.

NB:
I don't want to even mention ethnicity in this.
They cannot cow anyone from criticizing the president. He is a public office holder.

bolton08:


The fact is we are all divided along political, tribal and religious line. Making a derogatory comment about Tinubu will be met with backlash from people that align with him in ideology or tribe.

The more we are sensitive to this, the better if we don't want a backlash

Fair enough.
All that is required is for those who believe Tinubu has done well to state their case.
For instance, If I say he is clueless, they can say he is a master strategist.
If I say he is incompetent, they can say he has performed excellently well etc.
I I say he is a disaster, they can say he is a saviour etc

But if I say he is incompetent, and the only thing these people can say/do is start insulting someone's father etc. It does not make sense. It only shows they are empty and have nothing meaningful to counter what I said.

SonofElElyonRet:

For the sake of clarity my comment applies to both of you. Your vituperation against Tinubu is wrong. Make your point without insults

How did I insult Tinubu? I only said he is clueless and incompetent.
These are not insults, they are my judgement of his performance in govt. We should not mix the two.
I did not say he is foolish or stupid or mad or drunk.

Tinubu himself called Goodluck Jonathan (a sitting president) a drunken fisherman! Did you see or hear anyone from Jonathan's camp or PDP insulting or attacking Tinubu for that?

The president's work is not for those who are not tolerant to criticisms.
For the first time in recent history, Nigerians had to demonstrate against unprecedented economic hardship, suffering and cost of living crises. All those Nigerian masses cannot be wrong.

Thank you though for your very wise and responsible intervention. Well appreciated.

crownprince2017:


Is oando profit more than debt _ no

Is oando asset more than the debt - no
Is oando shareholders fund wiped out? Yes
Did oando need re capitalization- yeah
What are the causes of oando debt-bad
management
Is oando changing business - no
So where is the yeye FA?
Is Ellahlakes changing business -yes
Is Ellahlakes debt more than asset - no
What are the causes of ellahlakes debt- investing in palm trees n land banking
Did ellahlakes need recapitalization-no
What FA does oando has right now, are you sure you even know what FA is?
We in ellahlakes accept we are investing in hope which you said it's not a strategy that you must see it physically, where is that physicality in oando now.
I no need sabi anything than knowing how to make money from the market. Na una sabi all with hope and prayer analysis..

Lol
Oando clearly has more assets (over 1 billion barrels in oil reserves) than debt.
Just multiply 1billion barrels by price of crude, the exchange rate (even in discounted present values) and compare with the value of their debt

megawealth01:


Please Emir this is highly uncivil. I usually respect you in one group that we share unless it's a different moniker

@Megawealth, @ KarlTom, @ SonofElElyonRet et al

Thank you for your wise counsel and advice to our neighbours.
The thing pain them too much. Truth is truly bitter and hurts.

But don’t be surprised if they fail to heed your good counsel. What do you expect from people who see a person in power as their demi god who cannot be criticized, all just because he is rich and now a president, or maybe because they eat from the crumbs dropping off his table. Even more successful presidents of bigger nations are criticized on daily basis.
They do not have superior facts to engage in any meaningful intellectual debate, so they use gutter language and insults to defend a clearly clueless and grossly incompetent president, govt. or political party.
They do these things apparently due to lack of responsible parental upbringing, poor education and training, sheer indiscipline and incontrovertible ignorance.
Hence, they make themselves useful idiots for the benefit of politicians and political parties.
Any person that becomes president but did not win majority (50%+) of all votes cast, has only gate-crashed into the presidency. Worse still, he has inflicted unprecedented economic hardship and increased the incidence of poverty on the innocent citizens of this country like never before.

Tinubu is a complete failure and a disaster! A million insults will not change the economic realties of the masses.

I won't respond to further loose talk from any of them on this issue!

Ofemannnu:

mj
https://guardian.ng/features/education/fg-scraps-jss-sss-introduces-12-year-basic-education-model/

A thirteen (13) year old boy in Ghana (with 5As and 3Bs in WAEC) has just got ission to study Physics Engineering at the Kwame Nkrumah University of Science and Technology (KNUST).
In Nigeria, the govt is saying that a child must be 16 years before gaining ission to university.

The boy in Ghana would have graduated before his counterpart in Nigeria is allowed to go to university.
This is how your country can make or mar your progress in life.

KarlTom:
The bolded might be interpreted as taking things personal. It was not an Executive Act of PBAT.

There is what we call the Production Curtailment and Domestic Crude Oil Supply Obligation Regulations (DCSO) 2023 which is issued AND enacted by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as premised on Section 109 (2) of the PIA...

The Petroleum Industry Act (PIA) was signed into law on 16th August, 2021

Even the rehabilitation and current production at the PH refinery was largely due to Buhari's effort in awarding the contract which was almost complete before the clueless and incompetent Tinubu gate-crashed into Aso Rock .
Yet some people on TV, radio etc would want to credit Tinubu who did nothing!

KarlTom:
On second look, this will definitely cause a rally in OandO SP.

Tranche 1
Lagbaja has 300,000 units by QD 1(Feb 14). SP =₦75. Ratio is 1:12.
Lagbaja gets 25,000units (equivalent of ₦1,875,000). That's about ₦3 per share

Tranche 2
Lagbaja now has 325,000 units by QD 2(June 30). SP =₦85. Ratio is 1:15.
Lagbaja gets 21,666units (equivalent of ₦1,841,610). That's about ₦4 per share

Lagbaja now has 346,666units by QD 3 + ₦7 'DIV' in 2025...

Classic case of tying down and rewarding 'loyalists'

Lol.
How I wish some interested parties could go to court to force Wale to complete all the share redistribution before the next AGM or latest in 1 year. Lol

phransix2:
What's the Population of Ghana?

Google it and find out.
Everything is not about population.
Sweden, Austria, Israel etc. are just about 10million in population but they achieve great things

Princkez:
just hold on to your OANDO...

Lol

Nvey2010:
[img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img][img][/img] [center][/center]
YES YOU ARE A FOOL

Please why should you hack and alter comments in my post?:
I did not type what you quoted ,unless there is someone else using the same moniker : ''mikeapollo"

I don't know who you are, but please desist from such acts!

Princkez:
watch out for institutional investors to take up remaining 3b units @#100 and cash realised to be distributed as special dividend to shareholders...#10 per share

How do you mean?

yMcy56:

I guess you should understand more about this tranche distribution of a thing.....
It's in the interest of the share price and shareholders.....
Some shareholders complained about flooding the secondary market with shares if all is distributed at once, this must have been factored into the distribution, hence the spreading into tranches.
We ought to appreciate this I Blvd.
I expect you of all people to appreciate this gesture and this gentleman at least.

And who says I don't understand or appreciate what has been done?
When we talk about issues, we should discuss both pros and cons, not just one side. That is how we educate each other.
What Oando has done now will benefit everybody, no one is disputing it.
But some shareholders were trying to ambush the company and expecting the whole distribution to be done at once, so that they could sell and dump which would have caused problems for the stocks on NGX, as many people could dump it after making huge sudden profits.
Oando is also spreading the redistribution as a form of periodic ''stock dividend'' in lieu because they know they may not be able to pay cash dividends in the next 2 or 3 years.
That is all I was saying

ojeysky:


And that 36 months is for 1st tranche, by the time they do the next tranche events would have overtaken the stuff. Wonderful!

No, the 36 months is for the redistribution of all the 4.2billion shares.
Phase 1 (1,283b shares) is for Tranche 1 (Feb2025, 641m shares) and Tranche 2 (Jun 2025, 641m shares)

megawealth01:
Wale and doings

Part 1 and Part 2 on top shares redistribution

That Wale is a smart guy man, I swear!
With this, he may be able to keep shareholders interest in Oando for at least 2 years. i.e. like interim and final dividends (in shares redistribution).

Sunrisepebble:
I dont really see much in the news tbh
The distribution ratio is not that attractive to me. Unless they're changing it in the second tranche

Smart guys at Oando
I was also expecting the whole redistribution to be done at once.
But I also think it is deliberate strategy, to avoid a sudden rush followed by sudden dumping of the shares.
With this strategy, they could manage to keep people's interest in Oando for the next 2-3 years, even if no cash dividend is paid. And it will be done twice a year i.e. like interim and final dividend (in shares)
Again, those who hold their shares till the end may benefit more, because of the possible compounding effect in the redistribution formula adopted, if I am not mistaken.

Panadee:


Nostradamus-like prediction

This is not just a prediction. ! He knows a lot

Bagwa:
You will soon hear from Wale ASAP

Huge is coming Feb , June 😃

You this guy! You definitely had the whole info at your disposal
I asked how huge and people were laughing at me.
My question was spot on, after all.

Wale wants Oando to hook people for throat! Lol
Why the piecemeal redistribution of the shares over 3 years?

BabsO2:


Is it that complicated.
Out of xyz units, distribute x and sell yz and put proceeds into balance sheet

Lol.
It does not work that way. The shares are already approved to be shared amongst shareholders, hence the company cannot sell and keep the money.

Locotrader:


I have my reasons for N15 projections by year end not now.I have 25m units there as at 4/2/2025 and not selling anytime soon.I am not bothered hence I bought all at N2 average price.I am expecting 700%+ increase in chams btw now and 31st Jan 2026.

I like your boldness, confidence and strategy. This is how one can become a billionaire just like that with some undervalued stocks and a bit of luck.
Wish you all the best.
I did something similar when Oando was selling around N4-N6 and now waiting for the right time/price to sell some units , especially after the share redistribution .

Ojuntana:
I thought power sector was having financial issues

How is a Genco profitable when a Disco is not

Nairalanda1

Discos face more technical and financial challenges because they experience losses along the power chain, between where they evacuate power from the Genco and the point at which they sell to the consumer
Consumers manipulate and tamper with their meter readings in order not to pay the right bill but no one will dare go near an IPP to tamper with the readings

zendi:

According to Wale, Oando has 1 billion barrels of crude oil underground.

My prayer for Oando and it's upstream mates is for crude oil to remain above $70 a barrel, with all the disruptions around the world, including Trump's policies at home and abroad.

Conoco P - $1.5b
NAOC - $0.7b

Even assuming there has been no debt reduction since Conoco P, what is $2b debt to an entity sitting on $70b, less production costs. ?

I may be missing something seriously.

The huge finance costs on the debt is depressing profits and contributing to loss making.
Poor or inadequate profits would make it difficult for the company to attract more investors and also affect the share price.
The crude oil in the ground stills requires funds (cashflow) for it to be pumped and sold to generate revenue, otherwise it would remain dormant. So it is advisable they reduce the debt and related finance costs in order to improve profit margins.

BabsO2:


I am saying distribute some shares and monetize the rest to boost balance sheet and profitability.

How can that be done?
Distribute ones and monetize which rest?

TruthU87:

America is called the God of Israel for a reason.

America calls itself ''God's own country''.
Have you asked yourself which ''God''? It is the God of Israel!
That should tell you something!

Kemetian:
Without America Israel is nothing.

America calls itself ''God's own country''.
Have you asked yourself which ''God''? It is the God of Israel!
That should tell you something!

Deadlytruth:
But with Oando's about 12bn OS already, I am afraid a bonus issue will not help their fundamentals in immediate term. Just my wild imagination anyway even though I too am heavy in Oando and shall only disembark if Tinubu loses reelection in 2027.

It is not a bonus in the real sense i.e. they are not creating or issuing new shares to shareholders.
Rather, they are withdrawing existing shares from some related parties (subsidiaries) and redistributing same to other shareholders pro rata. Hence, the total number of shares outstanding will not change.
It seems like a ''bonus'' to the recipient shareholders, but it is ''redistribution'' from the company's perspective.
They will be redistributing (sharing) about 4.3 billion shares to holders of about 8.132billion shares, pro rata

Locotrader:


Una don begin turn English upside down because of Oando.

Lol
The thing get as e be.

zendi:
Oando wahallah !

Mikeapollo is asking Bawa to decode 'Huge'.

SAK is begging Mkeapollo to expatiate.

I comment my reserve on Oando!

Bagwa:
You will soon here from Wale ASAP

Huge is coming Feb , June 😃

Can you help with tips?
How huge and in which form or direction?

florianwirtz:
I need to know if there's any hope of studying abroad with a second class lower qualifications. My parents intend to send me abroad to further my studies but I'm worried now because of my qualification. They don't know yet and I still don't know how to inform them.

I just want to know if there's any hope

Editor: File photo used for illustration

Yes, it is very possible. Most schools abroad, especially in Europe, accept 2:2 for postgraduate issions