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View Poll Results: IF YOU ARE IN AMBITIOUSR SHOES WHAT WILL YOU DO?
PART WITH THE 50K 4 21.05%
ADMIT YOU WERE WRONG AND APOLOGIZE 11 57.89%
REMAIN DEFIANT 4 21.05%
Voters: 19. You may not vote on this poll

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  #2101 (permalink)  
Old 21st December 2012, 10:05 AM
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Default Re: oando

Quote:
Originally Posted by knightofdelta View Post
It is an indirect announcement. The convertible bond is no longer convertible.
ok, either way OANDO shareholders are between a rock and a hard place!

since i can actually get these shares on the floor at that N12, what is the motivation to take rights (just the removed costs) Anyway I will take my rights and will the shares to Charity!
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  #2102 (permalink)  
Old 21st December 2012, 10:26 AM
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Default Re: oando

Quote:
Originally Posted by overload View Post
ok, either way OANDO shareholders are between a rock and a hard place!

since i can actually get these shares on the floor at that N12, what is the motivation to take rights (just the removed costs) Anyway I will take my rights and will the shares to Charity!

Takin up d right???
What right are we even talking abt here..!???? The same right some investor took massively some years back @70..
Have u read what they intend to do with d proceeds??

As for me i have tweeted my opinion ds morin.. Am not taking any right but i ll ttake a MASSIVE STAND when it get to N5

Oando is nothing but a shit
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  #2103 (permalink)  
Old 21st December 2012, 10:29 AM
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Default Re: oando

Oga wanajo,

your inbox is full pls delete some messages.

Thanks.
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  #2104 (permalink)  
Old 21st December 2012, 10:46 AM
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Default Re: oando

Quote:
Originally Posted by knightofdelta View Post
It is an indirect announcement. The convertible bond is no longer convertible.
Really dissapointed by Oando Management. They cannot be counted on to channel the rewards from the business to the shareholders rather than to themselves.

I will only take any gain I can from the rights issue by trading it.

Based on opinion on SMN and any furthet insight from the masters I could still take some rights. Perhaps with their listing in Canada Management practices will change to reward shareholders better and this is the bottom Oando will ever get to. That perhaps they have learnt some lessons and change from their anti-shareholder ways.
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  #2105 (permalink)  
Old 21st December 2012, 10:57 AM
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Default Re: oando

Quote:
Originally Posted by 1himself View Post
Takin up d right???
What right are we even talking abt here..!???? The same right some investor took massively some years back @70..
Have u read what they intend to do with d proceeds??

As for me i have tweeted my opinion ds morin.. Am not taking any right but i ll ttake a MASSIVE STAND when it get to N5

Oando is nothing but a shit
who knows how they'll spend the money. I foresee many investor not taking their right. when OandO take theirs, they'll effectively increase their holding
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  #2106 (permalink)  
Old 21st December 2012, 11:53 AM
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Default Re: oando

Thought OandO buying Conoco Phillips is the announcement. $1.79b? Ok o o.
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  #2107 (permalink)  
Old 21st December 2012, 11:56 AM
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Default Re: oando

I think taking loss is also an investment virtue. There's really no more reasons so stay invested in OANDO, remember whether convertible or not, they (wale and co) are currently earning interest on the N16B loan they gave OANDO. That's already a good return for them in the same year the shareholders value has fallen considerably without dividend. Don't forget what they earned earlier for the cancellation of the agreements with OAO!

Wanaj0 has been right all along. I remember there's a paragraph in intelligent investors that talked about companies called "Other Peoples Money", Oando seems to fit perfectly to that: constantly going to the share holder to bring more money without defending what they did with the last one. Is money really that cheap in Nigeria?

Thanks but no thanks.
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  #2108 (permalink)  
Old 21st December 2012, 12:03 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Thought OandO buying Conoco Phillips is the announcement. $1.79b? Ok o o.
Sir, u have said it b4, oando is a fraud!
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  #2109 (permalink)  
Old 21st December 2012, 12:31 PM
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Default Re: oando

Quote:
Originally Posted by Babs_O View Post
Really dissapointed by Oando Management. They cannot be counted on to channel the rewards from the business to the shareholders rather than to themselves.

I will only take any gain I can from the rights issue by trading it.

Based on opinion on SMN and any furthet insight from the masters I could still take some rights. Perhaps with their listing in Canada Management practices will change to reward shareholders better and this is the bottom Oando will ever get to. That perhaps they have learnt some lessons and change from their anti-shareholder ways.
Only a subsidiary of oando is listed and OandO is a seperate shareholder
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  #2110 (permalink)  
Old 21st December 2012, 12:32 PM
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Default Re: oando

Quote:
Originally Posted by kazeemy View Post
I think taking loss is also an investment virtue. There's really no more reasons so stay invested in OANDO, remember whether convertible or not, they (wale and co) are currently earning interest on the N16B loan they gave OANDO. That's already a good return for them in the same year the shareholders value has fallen considerably without dividend. Don't forget what they earned earlier for the cancellation of the agreements with OAO!

Wanaj0 has been right all along. I remember there's a paragraph in intelligent investors that talked about companies called "Other Peoples Money", Oando seems to fit perfectly to that: constantly going to the share holder to bring more money without defending what they did with the last one. Is money really that cheap in Nigeria?

Thanks but no thanks.
I no know book o o
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  #2111 (permalink)  
Old 21st December 2012, 02:23 PM
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Default Re: oando

https://www.rigzone.com/news/oil_gas...or_179_Billion
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  #2112 (permalink)  
Old 21st December 2012, 02:27 PM
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Default Re: oando


Market Reaction to the news flow(Friday Dec 21, 2012):


The share price of OANDO which closed N13.10 on Thursday, is currently down full 5% with a total of 3.49 million units on offer. So far into the day’s trading, OANDO is yet to see any bid volume from market participants.
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  #2113 (permalink)  
Old 21st December 2012, 03:57 PM
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Default Re: oando

Quote:
Originally Posted by Babs_O View Post
Really dissapointed by Oando Management. They cannot be counted on to channel the rewards from the business to the shareholders rather than to themselves.

I will only take any gain I can from the rights issue by trading it.

Based on opinion on SMN and any furthet insight from the masters I could still take some rights. Perhaps with their listing in Canada Management practices will change to reward shareholders better and this is the bottom Oando will ever get to. That perhaps they have learnt some lessons and change from their anti-shareholder ways.
I really do not think they have learned anything. Every shareholder on the Nigerian bourse should do well to know these guys constituting the management of OandO as it is now, and learn to steer clear of any company they float on this exchange in future.
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  #2114 (permalink)  
Old 21st December 2012, 04:31 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Thought OandO buying Conoco Phillips is the announcement. $1.79b? Ok o o.
Oga Wanaj0, is this for real?
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  #2115 (permalink)  
Old 21st December 2012, 04:36 PM
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Default Re: oando

Quote:
Originally Posted by dr.abrahamb View Post
I really do not think they have learned anything. Every shareholder on the Nigerian bourse should do well to know these guys constituting the management of OandO as it is now, and learn to steer clear of any company they float on this exchange in future.
Some Guys lack moral. The Genesis of corruption .I was thought in my elementary school that Good name is better than silver and Gold.
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  #2116 (permalink)  
Old 21st December 2012, 04:36 PM
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Default Re: oando

Quote:
Originally Posted by hispy99 View Post
Oga Wanaj0, is this for real?
Saw the news on Rigzone o!
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  #2117 (permalink)  
Old 21st December 2012, 06:14 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Thought OandO buying Conoco Phillips is the announcement. $1.79b? Ok o o.
Quote:
Originally Posted by hispy99 View Post
Oga Wanaj0, is this for real?
Quote:
Originally Posted by cecemontero View Post
Saw the news on Rigzone o!
RIGZONE - Calgary Oil Explorer to Acquire Conoco Assets in Nigeria for $1.79 Billion

Quote:
Oando, which has been listed on the Toronto Stock Exchange for five months, also gains access to average production of about 43,000 barrels of oil equivalent a day and proved reserved of roughly 213 million barrels of oil equivalent.

The plans to finance the deal, which is expected to close in the first half of next year, include debt and equity.
wayo people...shares are up by 11% in Toronto. Oga Bivins, is this your doing?

OER:Toronto Stock Quote - Oando Energy Resources Inc - Bloomberg
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Last edited by hispy99; 21st December 2012 at 06:21 PM.
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  #2118 (permalink)  
Old 21st December 2012, 06:38 PM
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Default Re: oando

I expected that at the current price, it was ill timed. But of course the timing(28th falls within the year 2012) is just perfect as the new right issue which will eventually be taken up by them(oando) will be included in the year 2012 audited result....... Cant they even wait till the price stablise say @15 to do this? Nay! Cos they just want to decrease earning for 2012 by diluting the shares!
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  #2119 (permalink)  
Old 21st December 2012, 07:05 PM
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Default Re: oando

Quote:
Originally Posted by hispy99 View Post
Make OandO scam those Toronto people. Lol.

I dey laugh!
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  #2120 (permalink)  
Old 21st December 2012, 11:48 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Thought OandO buying Conoco Phillips is the announcement. $1.79b? Ok o o.
There will always be gullible people to cheat, Barrister 'Wale Tinubu & co ride on you crooks.
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